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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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South Sudan

OECD Development Centre

South Sudan gained independence on 9 July 2011 and its first year of independence was characterised by economic hardships. The size of the economy, measured by nominal gross domestic product (GDP), was SSP 43.1 billion (South Sudanese pounds) (equivalent to USD 14.4 billion) in fiscal year (FY) 2011/12, compared with SSP 42.9 billion (equivalent to USD 14.3 billion) in FY 2010/11. However, real GDP growth contracted in FY 2011/12 by 27% as a result of the shutdown of the oil pipelines and is projected to further contract by 16.3% in 2012/13 owing to the delay in full resumption of oil production.

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