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African Economic Outlook 2013

Structural Transformation and Natural Resources

image of African Economic Outlook 2013

The African Economic Outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework.

The focus of the 2013 edition if structural transformation and natural resources in Africa. This edition draws lessons from Africa and elsewhere on how to accelerate structural change and amplify the positive force of natural resources. The report also features and overview of Africa's performance and prospects, country notes and a rich statistical annex.

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Equatorial Guinea

OECD Development Centre

Growth in Equatorial Guinea’s gross domestic product (GDP) is estimated to have fallen back to 5.5% in 2012 from 7.7% in 2011 because of a fall in production at the Ceiba- Okouméhed oil complex, which had reached its peak. The fall was partially offset by the exploitation of new fields in Aseng. The main drivers for growth were oil and gas, with manufactured products, services and construction providing a smaller contribution.

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