African Economic Outlook 2009

image of African Economic Outlook 2009

The international financial crisis increases the relevance of this annual publication jointly published by the African Development Bank, the OECD Development Centre and the United Nations Economic Commission for Africa (UNECA). Decision makers in African and OECD countries, such as aid agencies, investors, NGOs and government officials of aid-recipient countries, will all find the analysis critical to their activities.

The African Economic Outlook 2009 reviews the recent economic situation and predicts the short-term evolution of 47 African countries which account for 99% of the continent's economic output and 97% of its population. The Outlook is drawn from a country-by-country analysis based on 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.

The 2009 edition focuses on innovation and information and communication technologies (ICT) in Africa, presenting a comprehensive review of their proliferation and use on the African continent. A statistical appendix completes the volume.

The AEO project is generously supported by the European Commission and combines the knowledge of the African Development Bank and the UNECA on African economies with the expertise accumulated by the OECD, which produces the OECD Economic Outlook twice yearly.

This publication provides dynamic links (StatLinks) for graphs and tables. These StatLinks direct the user to a web page where the corresponding data are available in Excel® format.

English Also available in: French


OECD Development Centre

SUDAN HAS BEEN EXPERIENCING AN economic upturn, characterised by a long positive episode of growth and relatively low inflation. Real GDP growth was 8.4 per cent in 2008, but is projected to slowdown to about 5.0 per cent in 2009 reflecting the impact of the global financial crisis. The exploitation of oil reserves and “the peace dividend” were the main drivers of this economic success. Direct foreign investment has stimulated recent growth as well as a boom in the service sector, especially transportation and communication. Outside the oil sector, Sudan’s economic growth is narrowly based and limited in reach. The rise of the oil economy also presents new challenges to macroeconomic stability. Some symptoms of a “Dutch Disease” are unfolding with the Sudanese Pound appreciating and traditional exports, such as cotton and gum Arabic, in decline. But the outbreak of the global financial crisis in the second half of 2008 saw the Sudanese Pound (SDB) begin to stabilise and even slightly depreciate against the US dollar (USD).

English Also available in: French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error