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African Economic Outlook 2005

image of African Economic Outlook 2005

The African Economic Outlook, a joint project of the African Development Bank and the OECD Development Centre, is an annual review of the recent economic situation and the likely short-term evolution of selected African countries. 

The analysis is presented on a country-by-country basis using a unique analytical design.  This common framework includes a forecasting exercise for the current and the two following years using a simple macroeconomic model, together with an analysis of the social and political context.  It also contains a comparative synthesis of African country prospects, placing the evolution of African economies in the world economic context.  A statistical appendix completes the volume.

"OECD has prepared a thorough report on the economic situation in Africa."

-Julius Coles, President, Africare

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Mozambique

OECD Development Centre

SINCE THE END OF A DEVASTATING WAR in 1992, Mozambique has recorded one of the world’s highest growth rates, averaging 8.1 per cent from 1993 and continuing in 2003 and 2004. Owing to high population growth and the very low initial level in 1993, however, Mozambique’s per capita income remains among the lowest in the world at $229 in 2003. Poverty has decreased sharply but more than 50 per cent of the population is still classified as...

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