African Economic Outlook 2012

Promoting Youth Employment

image of African Economic Outlook 2012

This 11th edition of the African Economic Outlook reviews recent economic, social and political developments and the short-term likely evolutions of 53 African countries. This year’s edition will for the first time cover Eritrea and South Sudan. The focus of the 2012 AEO is the promotion of youth employment in Africa, presenting a comprehensive review of both challenges and opportunities Africa faces in providing its young population with sufficient and decent jobs.

Full-length country notes are available on www.africaneconomicoutlook.org


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OECD Development Centre

Guinea Bissau produced a strong economic performance in 2011. Growth in gross domestic product (GDP) rose to 5.1% from 3.5% in 2010, helped by exports, particularly of cashew nuts. Exports of the latter accounted for 81% of all exports in 2009/10 and reached 90% in 2011, thanks to an exceptional harvest. But the debt crisis in Europe is expected to lead to a drop in world prices for the nuts and, consequently, growth should fall to 4.6% in 2012, rising to 4.9% in 2013.

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