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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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Tanzania

OECD Development Centre

SINCE 1995, TANZANIA has successfully pursued economic reforms, resulting in accelerating economic growth and decelerating inflation. Strong growth and fiscal restraint in spite of a serious drought in 2003, demonstrates an impressive resilience. GDP growth has been 5.6 per cent in 2003 and is estimated at 6.4 per cent in 20041. Yet, the share of manufacturing in GDP has only slightly increased from an average of 8.3 per cent during 1997-99 to an average of 8.4 per cent during 2001-032. Growth in manufacturing is expected to take off soon due to various recent policy measures. Significant...

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