標題: Unit 4: Macro: Growth, Trade and Development in Sub Saharan Africa [打印本頁] 作者:
leobafsecon 時間: 2014-6-10 15:21 標題: Unit 4: Macro: Growth, Trade and Development in Sub Saharan Africa
Background Data
Sub-Saharan Africa (SSA) has 12 % of the world’s total population but only 2% of world GDP
Since 2000, GDP per capita in SSA has grown by almost 5% per year, compared with 2.4% in the two preceding decades – most forecasts predict that good growth will continue in the next few years
Since 2000, SSA’s economic size has doubled in real terms and almost quadrupled in nominal $ terms
To put this into context, the combined national output of SSA is equivalent to the GDP of Spain
Angola, Mozambique or Ethiopia achieved average GDP growth rates of 8% and more over the last decade – compared with that of China and exceeding that of India
In 2012, Sierra Leone, Niger, Cote d’Ivoire, Angola, Liberia and Burkina Faso all experienced faster economic growth than China
Total SSA exports to China, Brazil and India were larger than those to the EU in 2011
SSA tends to export primary commodities – manufactured goods and agricultural products represent only 5% of total exports to Brazil, India and China, 10% to the US and 30% to the EU
There has been a significant rise in intra-regional trade within SSA and this is acting as a catalyst for export diversification within the region and in particular, a rising share of manufactured products within total exports – but intra-regional trade remains low in absolute terms
SSA is investing more heavily in tourism as a growth and development driver. Traditional destinations such as Cape Verde, Kenya, Mauritius, Seychelles have served tourists from rich advanced countries for many years; newer destinations include Rwanda and Sierra Leone
SSA is a net recipient of remittance inflows – they were $31bn 2011 and 2012, 2.5% of SSA’s GDP – remittances provide important foreign exchange, improve the current account and add to a nation’s gross national income (GNI)
Africa is set to become the world’s second-largest mobile telephony market behind Asia and its fastest-growing one. Mobile money systems built around extensive mobile phone penetration is fast-changing the connectivity available to the African continent.
When it comes to social development - SSA lags in achieving all the Millennium Development Goals
