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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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Rwanda

OECD Development Centre

Rwanda’s economy has remained on a strong growth path with real gross domestic product (GDP) growth increasing to 8.8% in 2011 from 7.6% in 2010 higher than the initial projection of 7.0%. Growth was driven in 2011 by good harvests thanks to the crop-intensification programme, leading to an 8.2% expansion in the agriculture sector, an increase in exports largely due to rising commodity prices and high domestic demand supported by expanding credit to the private sector. Industry reported the highest growth rate, 15.1%, owing to a rebound in mining and construction, which grew by 15.5% and 22.3% respectively. Expansion in government spending and recovery in tourism have also contributed to growth. Growth in services at 7.2% was lower than the 9.6% reported in 2010, owing to slower growth in transport and communications as well as in financial services.

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