Back Matter

Author(s):
International Monetary Fund. African Dept.
Published Date:
November 2005
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    APPENDIX
    Table A1.Oil Importers (Sub-Saharan Africa): Impact of Higher Oil Prices on Current Accounts1,2(In percent of GDP; negative implies increased deficit)
    2004 over 20032005 Projections3 over 20042005 (Jan.-June)4 over 20042006 Projections3 over 2005
    Net oil importers−1.00−1.42−0.58−0.61
    Benin−0.80−1.25−0.51−0.54
    Botswana−1.21−1.72−0.74−0.73
    Burkina Faso−0.71−1.14−0.48−0.48
    Burundi−0.95−1.52−0.55−0.59
    Cape Verde−0.33−0.58−0.22−0.26
    Central African Rep.−0.55−0.91−0.38−0.42
    Comoros−1.03−1.86−0.77−0.80
    Eritrea−2.73−2.02−0.94−1.00
    Ethiopia−0.91−2.19−0.79−1.09
    Gambia, The−2.09−2.73−0.98−1.07
    Ghana−2.14−2.93−1.05−1.04
    Guinea−0.78−1.71−0.66−0.46
    Guinea-Bissau−1.07−1.63−0.67−0.64
    Kenya−1.68−2.30−0.82−0.98
    Lesotho−0.09−0.15−0.06−0.06
    Madagascar−1.63−2.02−0.73−0.78
    Malawi−1.32−2.18−0.80−0.94
    Mali−1.14−1.82−0.77−0.72
    Mauritius−0.91−1.90−0.68−1.01
    Mozambique−0.66−1.05−0.48−0.46
    Namibia−1.45−1.91−0.81−0.68
    Niger−0.71−1.02−0.41−0.38
    Rwanda−0.68−0.74−0.27−0.29
    São Tomé and Príncipe−1.40−2.31−0.77−0.71
    Senegal−1.02−1.56−0.64−0.63
    Seychelles−0.12−0.99−0.36−0.43
    Sierra Leone−2.20−3.60−1.21−1.49
    South Africa−0.55−1.14−0.50−0.53
    Swaziland−1.89−3.02−1.28−1.05
    Tanzania−1.00−1.49−0.57−0.54
    Togo−1.24−2.12−0.87−0.91
    Uganda−0.49−0.51−0.20−0.24
    Zambia−1.22−1.72−0.61−0.78
    Zimbabwe−3.39−1.18−0.87
    CFA franc zone oil importers−0.91−1.44−0.60−0.59
    Non-CFA franc zone oil importers−1.01−1.42−0.58−0.62
    Non-CFA franc zone oil importers (excl. S. Africa)−1.91−1.94−0.73−0.77
    Sources: IMF, World Economic Outlook, and staff estimates.

    lmpact of increase of Average Petroleum Spot Price from actual price in 2004 to WEO prices projected for 2005 and 2006, adjusted for dollar exchange rate fluctuations.

    Current 2005 and 2006 WEO oil price projections are $54.23 and $61.75, and the 2004 price was $37.76.

    Based on respective full-year data and WEO oil prices.

    Based on oil prices and oil import values for the first half of 2005 compared with full-year 2004 oil prices; the average oil price for January-June 2005 was $48.45 a barrel.

    STATISTICAL APPENDIX

    Estimates and projections used in this report are based on data provided by country desks as of September 1, 2005. Projections are IMF staff estimates. The database is for 42 countries of the IMF African Department; Eritrea and Liberia are excluded because of data limitations. Data follow established international statistical methodologies to the extent possible; however, variable choice may be determined by country-specific definitions. The coverage and definitions of data are therefore not always comparable across countries. More broadly, many countries do not have the ability to compile high-quality data.

    Data and Conventions

    For Tables SA1, SA2, SA7, SA21, and SA22, country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP valued at purchasing power parity (PPP) as a share of the total group GDP. The source of PPP weights is the World Economic Outlook (WEO) database.

    For Tables SA3, SA4, SA6, SA8-12, SA14-20, and SA23-25, country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP in U.S. dollars at market exchange rates as a share of total group GDP.

    For Table SA5, country group composites are calculated as the geometric average of data for individual countries, weighted by GDP valued at PPP as a share of the total group GDP. The source of PPP weights is the WEO database.

    For Table SA13, country group composites are calculated as the geometric average of data for individual countries, weighted by GDP in U.S. dollars at market exchange rates as a share of total group GDP.

    WAEMU is the West African Economic and Monetary Union. CEMAC is the Central African Economic and Monetary Community. SADC is the Southern African Development Community. COMESA is the Common Market for Eastern and Southern Africa. SACU is the Southern African Customs Union.

    List of Statistical Tables

    Table SA1.Real GDP Growth(In percent)
    1997–20012002200320042005
    Oil-producing countries
    Angola4.814.43.411.114.7
    Cameroon4.64.04.13.52.8
    Chad3.99.911.329.75.9
    Congo, Rep. of2.45.40.33.69.2
    Côte d’lvoire1.6−1.6−1.61.61.0
    Equatorial Guinea55.59.721.332.80.2
    Gabon0.12.41.42.2
    Nigeria2.71.510.76.03.9
    São Tomé and Príncipe2.64.14.03.83.2
    Non-oil-producing countries
    Benin5.24.53.93.13.9
    Botswana6.25.06.64.93.8
    Burkina Faso5.95.27.94.63.5
    Burundi1.14.5−1.24.85.0
    Cape Verde8.35.46.24.46.3
    Central African Republic3.4−0.6−7.61.32.2
    Comoros2.42.32.11.92.8
    Congo, Dem. Rep. of−4.13.55.76.86.6
    Ethiopia4.51.6−4.211.57.3
    Gambia, The5.8−3.26.95.14.7
    Ghana4.24.55.25.85.8
    Guinea4.14.21.22.73.0
    Guinea-Bissau−1.1−7.20.64.32.3
    Kenya2.30.32.84.34.7
    Lesotho1.43.73.23.00.8
    Madagascar4.6−12.79.85.36.3
    Malawi1.62.13.94.62.1
    Mali5.14.37.22.26.4
    Mauritius6.33.53.24.33.6
    Mozambique9.38.27.87.27.7
    Namibia3.42.53.74.23.6
    Niger3.73.05.30.94.2
    Rwanda8.69.40.94.04.0
    Senegal4.31.16.56.25.7
    Seychelles3.71.3−6.3−2.0−2.8
    Sierra Leone−0.927.59.37.47.5
    South Africa2.53.62.83.74.3
    Swaziland2.82.92.72.12.0
    Tanzania4.47.27.16.76.9
    Togo0.84.54.42.93.0
    Uganda5.56.94.55.85.9
    Zambia2.43.35.15.05.0
    Zimbabwe−2.4−4.4−10.4−4.2−7.1
    Sub-Saharan Africa3.23.44.15.34.6
    Excluding Nigeria and South Africa3.83.83.56.45.0
    CFA franc zone5.63.35.57.63.3
    WAEMU3.52.04.13.23.7
    CEMAC8.85.07.212.92.8
    SADC2.33.92.94.24.7
    COMESA2.43.01.36.15.7
    Oil-producing countries4.33.88.18.24.7
    Non-oil-producing countries2.83.32.94.54.5
    HIPC Initiative (completion point countries)5.13.74.26.76.2
    Fixed exchange rate regime4.12.43.55.72.2
    Floating exchange rate regime2.93.74.35.35.2
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA2.Real Non-Oil GDP Growth(In percent)
    1997–20012002200320042005
    Oil-producing countries
    Angola8.57.99.89.310.9
    Cameroon5.54.94.94.73.7
    Chad3.57.91.6−8.1−0.2
    Congo, Rep. of1.78.55.45.25.5
    Côte d’lvoire1.7−1.8−2.11.60.8
    Equatorial Guinea13.911.013.014.211.2
    Gabon2.80.60.82.33.0
    Nigeria3.78.04.47.44.9
    São Tomé and Príncipe2.64.14.03.83.2
    Non-oil-producing countries
    Benin5.24.53.93.13.9
    Botswana5.75.85.65.04.6
    Burkina Faso5.95.27.94.63.5
    Burundi1.14.5−1.24.85.0
    Cape Verde8.35.46.24.46.3
    Central African Republic3.4−0.6−7.61.32.2
    Comoros2.42.32.11.92.8
    Congo, Dem. Rep. of−4.13.55.76.86.6
    Ethiopia4.51.3−3.911.57.3
    Gambia, The5.8−3.26.95.14.7
    Ghana4.24.55.25.85.8
    Guinea4.14.21.22.73.0
    Guinea-Bissau−1.1−7.20.6−1.52.3
    Kenya2.30.32.84.34.7
    Lesotho1.43.73.23.00.8
    Madagascar4.6−12.79.85.36.3
    Malawi1.62.13.94.62.1
    Mali5.14.37.22.26.4
    Mauritius5.83.53.24.33.6
    Mozambique9.38.27.87.27.7
    Namibia3.42.53.74.23.6
    Niger3.73.05.30.94.2
    Rwanda8.69.40.94.04.0
    Senegal4.31.16.56.25.7
    Seychelles3.71.3−6.3−2.0−2.8
    Sierra Leone−0.927.59.37.47.5
    South Africa2.53.62.83.74.3
    Swaziland2.91.12.72.62.4
    Tanzania4.47.27.16.76.9
    Togo0.84.54.42.93.0
    Uganda5.56.94.55.85.9
    Zambia2.43.35.15.05.0
    Zimbabwe−2.4−4.4−10.4−4.2−7.1
    Sub-Saharan Africa3.94.03.44.94.7
    Excluding Nigeria and South Africa4.83.53.55.25.1
    CFA franc zone5.23.54.43.64.3
    WAEMU3.51.94.03.13.6
    CEMAC6.15.74.94.25.0
    SADC2.43.63.24.14.5
    COMESA2.72.32.15.95.2
    Oil-producing countries5.06.54.86.35.4
    Non-oil-producing countries2.83.32.94.54.6
    HIPC Initiative (completion point countries)5.13.64.26.76.2
    Fixed exchange rate regime3.72.52.62.93.0
    Floating exchange rate regime3.24.43.55.45.2
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA3.Real Per Capita GDP Growth(In percent)
    1997–20012002200320042005
    Oil-producing countries
    Angola1.911.10.58.011.4
    Cameroon1.8−0.21.30.7
    Chad0.67.38.626.63.3
    Congo, Rep. of−0.52.4−2.60.76.1
    Côte d’lvoire−1.1−4.4−4.5−1.3−1.9
    Equatorial Guinea51.87.218.629.7−2.1
    Gabon−2.4−2.4−0.1−1.1−0.3
    Nigeria−0.1−1.27.73.21.3
    São Tomé and Príncipe0.22.12.01.81.2
    Non-oil-producing countries
    Benin2.3−1.11.10.31.0
    Botswana4.84.56.45.04.2
    Burkina Faso3.32.65.32.01.0
    Burundi−1.00.7−4.02.82.9
    Cape Verde5.73.64.32.54.9
    Central African Republic1.4−2.5−9.4−0.70.2
    Comoros−0.3−0.4−0.6−0.80.1
    Congo, Dem. Rep. of−6.70.52.63.73.5
    Ethiopia1.5−1.1−6.98.44.4
    Gambia, The2.2−5.74.22.42.0
    Ghana1.61.92.63.23.2
    Guinea1.51.3−1.6−0.2
    Guinea-Bissau−3.0−11.5−1.8−10.2−0.2
    Kenya−1.80.72.22.8
    Lesotho−0.21.80.91.2−1.1
    Madagascar1.5−15.26.72.03.2
    Malawi−1.01.92.50.1
    Mali2.61.94.8−0.14.1
    Mauritius5.32.52.23.32.7
    Mozambique7.15.63.76.15.2
    Namibia0.3−0.50.71.20.6
    Niger0.4−0.12.2−2.11.0
    Rwanda3.27.1−1.91.21.2
    Senegal1.9−1.23.63.32.9
    Seychelles2.51.7−7.4−3.2−3.9
    Sierra Leone−3.524.26.54.64.8
    South Africa1.02.41.82.73.3
    Swaziland0.61.11.61.51.7
    Tanzania1.95.15.04.44.6
    Togo−2.31.31.3−0.2−0.1
    Uganda2.03.41.02.32.3
    Zambia0.20.92.72.52.5
    Zimbabwe−2.0−4.1−11.3−3.9−7.1
    Sub-Saharan Africa1.01.42.13.42.6
    Excluding Nigeria and South Africa1.31.20.93.92.4
    CFA franc zone2.90.22.74.70.6
    WAEMU0.8−1.01.30.20.9
    CEMAC5.91.74.510.10.2
    SADC0.72.51.52.93.4
    COMESA0.6−1.23.63.1
    Oil-producing countries1.50.85.25.32.0
    Non-oil-producing countries0.91.61.12.82.8
    HIPC Initiative (completion point countries)2.20.91.33.93.4
    Fixed exchange rate regime1.9−0.11.13.4
    Floating exchange rate regime0.81.82.33.33.3
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA4.Real Per Capita GDP(In U.S. dollars, at 2000 prices, using 2000 exchange rates)
    1997–20012002200320042005
    Oil-producing countries
    Angola679763767828922
    Cameroon646665673678678
    Chad197215233295305
    Congo, Rep. of1,1011,1431,1141,1211,190
    Côte d’lvoire665590564557546
    Equatorial Guinea2,4724,3065,1056,6236,484
    Gabon4,5514,1084,1044,0594,046
    Nigeria356355382394399
    São Tomé and Príncipe314326332338342
    Non-oil-producing countries
    Benin372386390391396
    Botswana3,1843,6563,8914,0864,260
    Burkina Faso229248261266269
    Burundi111108104107110
    Cape Verde1,1661,3331,3901,4251,494
    Central African Republic255248225223223
    Comoro362356354352352
    Congo, Dem. Rep. of9279818487
    Ethiopia10210699107112
    Gambia, The311308321329335
    Ghana268281289298307
    Guinea374385379378378
    Guinea-Bissau176151148133133
    Kenya414410413423434
    Lesotho399402406411407
    Madagascar247218233238245
    Malawi153144146150150
    Mali249268281281292
    Mauritius3,6134,1404,2304,3704,489
    Mozambique213252261277291
    Namibia1,8461,8371,8501,8711,882
    Niger173174177174175
    Rwanda236258253256259
    Senegal470483501517532
    Seychelles7,4577,5977,0326,8096,543
    Sierra Leone143189202211221
    South Africa2,9443,1063,1613,2473,355
    Swaziland1,3431,3651,3871,4081,432
    Tanzania266294309322337
    Togo286275278278277
    Uganda255274277283290
    Zambia313325334342351
    Zimbabwe733651577555515
    Sub-Saharan Africa528536544557568
    Excluding Nigeria and South Africa331337338348356
    CFA franc zone475476482493496
    WAEMU371362364364366
    CEMAC713737752790796
    SADC9319589659861,012
    COMESA275274270278286
    Oil-producing countries468472491510520
    Non-oil-producing countries555564567577589
    HIPC Initiative (completion point countries)217229234242250
    Fixed exchange rate regime569565565574575
    Floating exchange rate regime518529539552566
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA5.Consumer Prices(Annual average percent change)
    1997–20012002200320042005
    Oil-producing countries
    Angola211.0108.998.343.622.0
    Cameroon2.96.30.60.31.5
    Chad3.55.2−1.8−5.33.0
    Congo, Rep. of3.83.11.53.62.0
    Côte d’lvoire3.33.13.31.53.0
    Equatorial Guinea6.07.67.34.26.0
    Gabon1.70.22.10.41.0
    Nigeria10.013.714.015.015.9
    São Tomé and Príncipe29.69.29.612.815.1
    Non-oil-producing countries
    Benin3.62.41.50.92.5
    Botswana7.78.19.66.66.8
    Burkina Faso2.12.32.0−0.44.0
    Burundi16.1−1.310.78.016.3
    Cape Verde3.61.81.2−1.90.7
    Central African Republic1.12.34.4−2.22.4
    Comoros2.83.53.84.53.0
    Congo, Dem. Rep. of284.125.312.83.923.2
    Ethiopia0.6−7.215.18.66.8
    Gambia, The2.68.617.014.25.0
    Ghana22.614.826.712.614.3
    Guinea4.73.012.917.526.3
    Guinea-Bissau13.43.33.03.02.0
    Kenya8.02.09.811.611.0
    Lesotho7.611.77.65.04.3
    Madagascar7.316.2−1.114.010.4
    Malawi28.114.99.611.612.3
    Mali1.32.4−1.3−3.13.8
    Mauritius6.15.95.14.35.3
    Mozambique6.316.813.412.67.7
    Namibia8.411.37.24.15.8
    Niger2.42.7−1.80.42.4
    Rwanda4.72.07.412.07.0
    Senegal1.52.30.51.5
    Seychelles3.10.23.23.92.3
    Sierra Leone17.3−3.77.514.28.5
    South Africa6.49.25.81.43.9
    Swaziland7.211.77.43.55.5
    Tanzania9.84.64.54.34.1
    Togo2.43.1−0.91.21.7
    Uganda4.8−2.05.75.08.2
    Zambia24.722.221.518.017.0
    Zimbabwe47.4133.2365.0350.0190.4
    Sub-Saharan Africa14.612.113.49.49.9
    Excluding Nigeria and South Africa23.014.219.614.513.2
    CFA franc zone2.83.81.40.22.8
    WAEMU2.62.70.90.32.8
    CEMAC3.15.22.00.22.9
    SADC21.017.616.710.410.3
    COMESA40.522.433.925.721.0
    Oil-producing countries20.118.717.012.711.8
    Non-oil-producing countries13.210.312.48.49.4
    HIPC Initiative (completion point countries)6.83.69.86.87.4
    Fixed exchange rate regime9.816.322.118.214.5
    Floating exchange rate regime15.911.111.47.48.8
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA6.Total Investment(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola23.313.312.89.211.3
    Cameroon18.119.817.517.117.8
    Chad23.562.953.524.118.8
    Congo, Rep. of24.823.325.724.221.9
    Côte d’lvoire12.610.110.110.88.8
    Equatorial Guinea74.790.255.427.49.5
    Gabon28.424.424.024.322.7
    Nigeria23.126.223.922.422.5
    São Tomé and Príncipe39.432.536.134.537.3
    Non-oil-producing countries
    Benin19.617.319.819.020.3
    Botswana25.527.128.927.627.5
    Burkina Faso20.217.517.018.617.9
    Burundi6.26.411.313.711.8
    Cape Verde22.221.818.720.422.5
    Central African Republic9.69.06.06.57.5
    Comoros12.412.211.610.210.9
    Congo, Dem. Rep. of15.89.012.212.817.7
    Ethiopia16.920.421.021.225.0
    Gambia, The18.421.620.028.524.4
    Ghana24.019.722.927.929.6
    Guinea19.013.19.911.311.4
    Guinea-Bissau15.99.913.113.021.2
    Kenya13.712.013.117.219.5
    Lesotho45.737.634.132.431.3
    Madagascar15.314.317.927.524.8
    Malawi13.410.410.911.216.3
    Mali21.918.627.019.120.3
    Mauritius25.721.722.924.223.8
    Mozambique27.929.825.920.121.3
    Namibia22.417.222.722.723.7
    Niger11.414.214.216.415.9
    Rwanda16.416.918.420.521.1
    Senegal18.516.720.723.423.9
    Seychelles29.024.29.011.311.7
    Sierra Leone4.810.114.319.620.6
    South Africa16.216.117.217.717.4
    Swaziland21.219.818.018.217.8
    Tanzania16.219.118.618.418.9
    Togo21.221.327.027.028.1
    Uganda18.319.420.522.923.8
    Zambia17.422.025.625.122.9
    Zimbabwe15.5−8.8−13.05.17.3
    Sub-Saharan Africa18.316.518.318.818.7
    Excluding Nigeria and South Africa18.914.117.518.718.7
    CFA franc zone19.221.320.818.817.3
    WAEMU16.314.516.816.916.7
    CEMAC23.129.825.921.017.9
    SADC17.412.916.417.517.4
    COMESA17.47.512.916.817.9
    Oil-producing countries21.723.821.619.018.3
    Non-oil-producing countries17.313.717.018.718.9
    HIPC Initiative (completion point countries)19.119.120.621.622.6
    Fixed exchange rate regime19.712.017.619.117.9
    Floating exchange rate regime18.018.218.518.718.9
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA7.Domestic Saving(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola24.425.219.424.728.4
    Cameroon19.119.017.817.918.7
    Chad3.510.720.639.845.2
    Congo, Rep. of44.050.051.351.453.2
    Côte d’lvoire20.126.319.817.418.6
    Equatorial Guinea50.556.459.459.960.3
    Gabon49.843.648.149.454.5
    Nigeria29.825.432.139.639.0
    São Tomé and Príncipe−13.5−17.5−16.7−22.0−22.0
    Non-oil-producing countries
    Benin7.83.86.96.27.4
    Botswana39.738.337.837.439.8
    Burkina Faso5.44.24.17.45.6
    Burundi−4.4−11.4−8.2−8.4−14.6
    Cape Verde−12.1−14.5−15.0−10.6−7.3
    Central African Republic4.73.90.11.2
    Comoros−6.11.70.8−2.6−4.5
    Congo, Dem. Rep. of17.44.05.03.94.4
    Ethiopia4.32.52.40.31.9
    Gambia, The10.613.310.710.98.6
    Ghana6.27.310.97.210.2
    Guinea15.29.17.48.99.8
    Guinea-Bissau−12.0−17.4−1.9−4.8−3.4
    Kenya6.24.96.28.03.5
    Lesotho−20.3−18.7−15.2−11.3−17.8
    Madagascar8.47.78.911.19.9
    Malawi2.7−6.8−11.6−11.5−3.9
    Mali12.318.519.914.212.1
    Mauritius23.524.524.824.823.2
    Mozambique10.211.010.111.812.1
    Namibia13.210.614.513.914.8
    Niger3.55.34.76.76.9
    Rwanda−0.6−0.82.4−1.4
    Senegal11.05.67.79.89.9
    Seychelles15.819.012.911.3−7.7
    Sierra Leone−6.0−9.4−7.03.42.2
    South Africa18.419.818.117.216.2
    Swaziland3.620.217.010.88.8
    Tanzania5.811.89.87.97.5
    Togo7.76.89.09.99.7
    Uganda7.64.96.29.710.5
    Zambia6.48.712.918.420.8
    Zimbabwe13.3−12.5−21.1−2.10.7
    Sub-Saharan Africa18.015.317.719.820.1
    Excluding Nigeria and South Africa14.210.012.916.217.5
    CFA franc zone20.021.221.122.725.2
    WAEMU13.214.612.912.112.1
    CEMAC28.929.631.234.738.9
    SADC17.513.715.716.916.7
    COMESA11.02.66.111.712.5
    Oil-producing countries28.126.829.134.035.6
    Non-oil-producing countries14.511.113.314.213.5
    HIPC Initiative (completion point countries)7.37.78.58.18.5
    Fixed exchange rate regime18.910.416.221.022.9
    Floating exchange rate regime17.717.318.119.419.3
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA8.Overall Fiscal Balance, Including Grants(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola−14.1−9.3−5.90.67.3
    Cameroon−0.31.51.2−0.71.5
    Chad−5.3−5.9−6.7−3.7−4.2
    Congo, Rep. of−6.9−8.10.43.918.3
    Côte d’lvoire−1.5−1.5−2.6−1.7−0.2
    Equatorial Guinea5.117.76.812.516.3
    Gabon0.73.57.47.511.0
    Nigeria−2.8−4.2−1.37.710.0
    São Tomé and Príncipe−24.0−16.4−17.0−26.351.4
    Non-oil-producing countries
    Benin0.2−2.3−2.2−1.1−2.4
    Botswana1.5−4.0−2.8−1.4−0.7
    Burkina Faso−2.6−4.8−2.9−4.3−4.0
    Burundi−4.8−1.4−5.9−4.3−0.2
    Cape Verde−10.6−2.6−3.5−1.5−1.9
    Central African Republic−0.9−1.2−3.1−2.3−2.7
    Comoros−2.9−5.1−4.1−3.0−0.5
    Congo, Dem. Rep. of−5.0−2.7−4.7−4.6−2.8
    Ethiopia−6.8−9.3−8.6−4.6−6.8
    Gambia, The−5.5−4.6−4.7−5.7−5.6
    Ghana−8.4−5.0−3.3−3.1−1.4
    Guinea−2.8−4.4−6.0−4.9−0.5
    Guinea-Bissau−12.9−12.0−14.4−8.4−14.4
    Kenya−0.9−3.2−1.7−1.7
    Lesotho−3.8−4.20.73.3−2.5
    Madagascar−3.6−5.5−4.2−4.9−5.0
    Malawi−5.7−11.6−6.5−5.9−4.3
    Mali−3.1−4.3−2.2−4.0−4.6
    Mauritius−4.9−6.0−6.2−5.4−5.1
    Mozambique−3.6−7.2−4.1−4.2−6.3
    Namibia−3.2−3.7−6.9−3.4−2.7
    Niger−3.6−2.8−2.7−3.3−4.0
    Rwanda−2.0−1.7−2.3−0.2−0.8
    Senegal−0.6−0.6−1.7−3.1−3.5
    Seychelles−10.6−18.72.6−1.57.2
    Sierra Leone−9.0−8.3−6.7−3.5−4.0
    South Africa−2.4−1.2−2.0−1.7−1.9
    Swaziland−0.5−4.2−3.1−2.7−4.1
    Tanzania−1.0−1.0−1.4−3.0−4.5
    Togo−2.8−0.42.41.91.4
    Uganda−3.0−5.3−4.3−1.8−0.7
    Zambia−4.4−5.1−6.0−3.0−2.5
    Zimbabwe−8.7−2.7−0.2−7.0−16.1
    Sub-Saharan Africa−3.0−2.8−2.2−0.40.5
    Excluding Nigeria and South Africa−3.6−3.4−2.6−1.6−0.3
    CFA franc zone−1.3−0.7−0.4−0.12.3
    WAEMU−1.8−2.2−2.3−2.4−2.3
    CEMAC−0.81.22.02.67.0
    SADC−3.2−2.5−2.5−1.9−1.7
    COMESA−5.3−4.8−4.2−2.4−1.4
    Oil-producing countries−3.1−3.1−1.14.37.9
    Non-oil-producing countries−3.0−2.7−2.6−2.2−2.6
    HIPC Initiative (completion point countries)−3.6−4.3−3.4−3.4−3.9
    Fixed exchange rate regime−2.3−1.9−0.9−0.80.4
    Floating exchange rate regime−3.1−3.2−2.6−0.30.6
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA9.Overall Fiscal Balance, Excluding Grants(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola−16.8−9.3−6.70.27.2
    Cameroon−0.51.20.7−0.81.2
    Chad−10.7−12.0−14.8−6.6−8.4
    Congo, Rep. of−7.2−8.3−0.13.618.0
    Côte d’lvoire−2.0−2.0−3.2−2.6−0.7
    Equatorial Guinea4.717.76.712.416.2
    Gabon0.73.47.47.410.9
    Nigeria−2.8−4.2−1.37.710.0
    São Tomé and Príncipe−49.7−43.6−49.5−57.223.2
    Non-oil-producing countries
    Benin−2.8−3.3−4.2−3.7−5.3
    Botswana1.1−4.2−3.0−1.8−1.1
    Burkina Faso−9.4−10.0−8.2−8.6−9.3
    Burundi−7.1−5.7−13.8−19.7−20.9
    Cape Verde−19.3−11.3−9.0−7.9−8.1
    Central African Republic−7.0−5.0−4.6−5.6−4.5
    Comoros−9.1−9.3−6.4−4.9−3.6
    Congo, Dem. Rep. of−5.0−3.1−6.7−6.5−12.1
    Ethiopia−10.3−14.0−16.8−11.4−13.5
    Gambia, The−7.3−9.1−7.2−10.2−7.4
    Ghana−11.3−8.1−8.0−9.5−7.3
    Guinea−5.6−6.2−8.8−5.9−1.7
    Guinea-Bissau−23.1−18.3−22.3−23.1−28.2
    Kenya−1.8−3.9−3.6−1.1−3.1
    Lesotho−6.4−8.1−1.40.7−5.3
    Madagascar−6.8−7.7−9.3−13.1−9.9
    Malawi−12.1−17.4−17.3−17.6−23.2
    Mali−7.8−8.0−6.6−7.9−9.8
    Mauritius−5.0−6.2−6.5−5.8−5.4
    Mozambique−13.8−17.5−13.6−11.5−13.7
    Namibia−3.4−3.8−7.0−3.6−2.9
    Niger−8.3−7.7−7.5−8.8−7.3
    Rwanda−9.1−8.9−10.3−12.1−12.7
    Senegal−2.8−2.4−3.8−5.2−5.3
    Seychelles−11.2−18.72.6−1.56.4
    Sierra Leone−13.4−16.5−14.4−12.5−13.4
    South Africa−2.4−1.2−2.0−1.7−1.9
    Swaziland−1.3−5.4−4.1−3.7−4.6
    Tanzania−4.5−5.1−7.2−8.7−10.8
    Togo−3.8−0.81.91.20.6
    Uganda−8.7−12.3−10.8−11.1−9.7
    Zambia−10.7−13.4−13.0−8.5−8.4
    Zimbabwe−9.7−2.8−0.4−7.1−16.1
    Sub-Saharan Africa−4.1−3.9−3.5−1.6−0.8
    Excluding Nigeria and South Africa−6.0−5.4−5.4−4.4−3.3
    CFA franc zone−3.1−2.2−2.2−1.70.7
    WAEMU−4.3−4.2−4.6−4.9−4.7
    CEMAC−1.60.30.92.06.3
    SADC−4.0−3.2−3.3−2.6−2.6
    COMESA−7.6−6.5−7.1−5.5−4.8
    Oil-producing countries−3.6−3.4−1.64.07.6
    Non-oil-producing countries−4.3−4.1−4.2−3.8−4.4
    HIPC Initiative (completion point countries)−7.9−8.7−8.9−9.1−9.5
    Fixed exchange rate regime−3.9−2.8−2.3−2.1−1.0
    Floating exchange rate regime−4.2−4.3−3.8−1.4−0.8
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA10.Government Revenue, Excluding Grants(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola42.640.537.537.039.8
    Cameroon15.217.416.115.117.0
    Chad7.87.98.18.48.5
    Congo, Rep. of26.927.229.132.240.9
    Côte d’lvoire17.617.816.917.617.1
    Equatorial Guinea22.632.631.035.535.8
    Gabon32.731.529.829.129.7
    Nigeria19.822.921.026.727.8
    São Tomé and Príncipe19.423.325.628.499.7
    Non-oil-producing countries
    Benin15.016.316.616.417.4
    Botswana42.740.139.238.940.1
    Burkina Faso11.811.412.112.813.3
    Burundi17.220.321.120.118.2
    Cape Verde20.322.621.222.721.9
    Central African Republic8.910.87.78.18.3
    Comoros12.216.716.114.516.5
    Congo, Dem. Rep. of5.47.97.79.610.7
    Ethiopia18.220.020.019.120.1
    Gambia, The17.816.315.720.920.8
    Ghana17.618.020.823.824.6
    Guinea11.112.010.510.512.2
    Guinea-Bissau15.415.916.217.319.4
    Kenya20.319.619.721.521.3
    Lesotho42.839.240.445.744.0
    Madagascar11.68.010.312.012.1
    Malawi16.917.722.023.624.8
    Mali13.215.215.516.116.5
    Mauritius19.518.320.019.920.2
    Mozambique12.012.412.912.313.5
    Namibia32.431.930.632.331.1
    Niger8.910.69.910.710.9
    Rwanda10.412.313.513.914.5
    Senegal17.219.119.319.319.7
    Seychelles42.539.949.449.150.6
    Sierra Leone8.912.112.412.313.0
    South Africa23.523.423.424.424.9
    Swaziland28.525.425.329.018.7
    Tanzania11.211.011.411.813.0
    Togo13.512.616.816.015.6
    Uganda11.312.212.212.712.6
    Zambia19.017.918.018.418.4
    Zimbabwe25.017.924.933.935.6
    Sub-Saharan Africa21.421.221.723.524.4
    Excluding Nigeria and South Africa19.519.420.421.522.9
    CFA franc zone17.518.618.118.720.3
    WAEMU15.416.116.116.416.5
    CEMAC20.221.720.721.224.2
    SADC23.722.623.824.925.8
    COMESA21.220.122.124.025.3
    Oil-producing countries22.224.222.625.827.9
    Non-oil-producing countries21.020.121.322.523.0
    HIPC Initiative (completion point countries)13.814.214.915.716.4
    Fixed exchange rate regime21.720.421.922.723.8
    Floating exchange rate regime21.321.521.623.724.6
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA11.Government Expenditure(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola59.449.844.236.832.6
    Cameroon15.716.215.416.015.8
    Chad18.519.922.815.016.9
    Congo, Rep. of34.135.529.328.622.9
    Côte d’lvoire19.719.920.220.217.8
    Equatorial Guinea17.914.924.223.019.5
    Gabon31.928.122.421.718.8
    Nigeria22.627.122.319.117.8
    São Tomé and Príncipe69.166.975.185.676.5
    Non-oil-producing countries
    Benin17.719.620.820.122.6
    Botswana41.744.342.140.741.3
    Burkina Faso21.221.420.321.422.6
    Burundi24.325.934.939.839.1
    Cape Verde39.533.930.330.630.0
    Central African Republic15.915.812.313.712.8
    Comoros21.326.022.519.520.1
    Congo, Dem. Rep. of10.511.014.416.122.8
    Ethiopia28.534.036.830.533.6
    Gambia, The25.225.422.931.228.3
    Ghana28.826.128.833.331.9
    Guinea16.718.319.216.513.8
    Guinea-Bissau38.534.238.540.447.6
    Kenya22.123.523.422.624.5
    Lesotho49.247.341.845.049.4
    Madagascar18.315.719.625.221.9
    Malawi29.135.139.341.148.0
    Mali21.023.222.224.026.3
    Mauritius24.524.526.525.725.6
    Mozambique25.830.026.523.727.2
    Namibia35.835.637.635.934.1
    Niger17.218.417.419.518.2
    Rwanda19.621.223.926.127.2
    Senegal20.021.623.124.525.0
    Seychelles53.758.746.750.644.1
    Sierra Leone22.328.626.824.826.3
    South Africa25.924.625.426.126.8
    Swaziland29.830.929.432.823.3
    Tanzania15.616.118.620.523.8
    Togo17.313.414.914.815.0
    Uganda20.024.523.023.822.3
    Zambia29.631.330.926.926.8
    Zimbabwe34.720.725.341.051.7
    Sub-Saharan Africa25.425.125.225.125.3
    Excluding Nigeria and South Africa25.524.825.825.926.3
    CFA franc zone20.620.820.320.319.6
    WAEMU19.720.320.721.421.3
    CEMAC21.821.319.819.217.9
    SADC27.625.927.127.528.4
    COMESA28.826.529.229.530.1
    Oil-producing countries25.827.524.221.820.3
    Non-oil-producing countries25.324.125.526.327.4
    HIPC Initiative (completion point countries)21.722.823.824.825.9
    Fixed exchange rate regime25.523.324.224.824.8
    Floating exchange rate regime25.425.825.525.125.4
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA12.Broad Money(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola19.022.817.516.012.9
    Cameroon13.218.717.718.018.0
    Chad11.913.512.18.58.4
    Congo, Rep. of14.413.913.714.615.3
    Côte d’lvoire22.430.128.228.028.1
    Equatorial Guinea6.57.710.28.88.0
    Gabon13.615.915.515.814.6
    Nigeria19.123.421.220.718.0
    São Tomé and Príncipe34.240.050.047.144.7
    Non-oil-producing countries
    Benin27.829.124.022.122.1
    Botswana27.927.728.730.230.3
    Burkina Faso21.519.220.418.918.9
    Burundi19.024.127.027.526.7
    Cape Verde64.171.971.276.280.5
    Central African Republic17.014.413.916.015.3
    Comoros20.524.922.920.620.6
    Congo, Dem. Rep. of6.24.75.98.37.7
    Ethiopia41.953.254.850.550.8
    Gambia, The32.143.545.845.145.1
    Ghana24.931.432.033.434.0
    Guinea10.312.615.016.716.7
    Guinea-Bissau35.563.974.281.780.4
    Kenya38.239.039.540.238.4
    Lesotho32.028.327.126.726.9
    Madagascar18.323.323.021.620.9
    Malawi15.518.320.522.321.9
    Mali21.126.929.732.834.4
    Mauritius76.180.882.085.288.4
    Mozambique24.028.028.324.924.5
    Namibia38.839.442.245.345.9
    Niger8.59.07.49.09.4
    Rwanda16.917.618.517.817.0
    Senegal24.128.130.031.332.0
    Seychelles69.586.785.3106.190.9
    Sierra Leone15.919.320.619.619.7
    South Africa58.361.464.666.568.9
    Swaziland24.220.720.620.620.6
    Tanzania14.114.114.615.117.3
    Togo24.323.926.027.824.6
    Uganda15.618.820.119.619.6
    Zambia20.122.321.822.521.4
    Zimbabwe36.537.258.743.956.7
    Sub-Saharan Africa38.038.642.043.142.9
    Excluding Nigeria and South Africa24.728.528.526.926.6
    CFA franc zone18.321.821.321.020.7
    WAEMU22.226.526.026.426.7
    CEMAC13.216.015.514.914.4
    SADC49.348.354.555.957.0
    COMESA30.734.035.732.531.4
    Oil-producing countries18.022.420.219.417.3
    Non-oil-producing countries44.444.750.252.453.9
    HIPC Initiative (completion point countries)22.526.026.526.527.2
    Fixed exchange rate regime23.328.528.225.325.9
    Floating exchange rate regime42.042.746.147.947.5
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA13.Broad Money Growth(In percent)
    1997–20012002200320042005
    Oil-producing countries
    Angola270.9158.167.544.225.0
    Cameroon13.629.5−0.97.35.7
    Chad4.124.2−3.13.513.7
    Congo, Rep. of10.513.1−2.417.440.5
    Côte d’lvoire6.030.8−6.61.75.5
    Equatorial Guinea32.653.757.134.130.0
    Gabon7.87.3−0.310.47.6
    Nigeria28.127.221.624.114.0
    São Tomé and Príncipe38.026.941.87.412.3
    Non-oil-producing countries
    Benin16.7−3.8−12.7−5.05.8
    Botswana25.4−1.115.516.013.7
    Burkina Faso5.62.916.30.35.5
    Burundi13.527.223.115.717.4
    Cape Verde10.214.38.610.517.8
    Central African Republic−2.3−4.3−8.014.20.4
    Comoros15.3−3.7−1.1−5.33.2
    Congo, Dem. Rep. of264.630.248.360.020.8
    Ethiopia9.112.310.414.217.1
    Gambia, The19.935.343.418.39.9
    Ghana35.349.638.126.023.5
    Guinea14.119.235.337.025.0
    Guinea-Bissau36.924.113.617.54.2
    Kenya5.410.011.513.48.8
    Lesotho10.32.75.36.25.8
    Madagascar11.044.111.213.020.3
    Malawi27.847.629.329.815.7
    Mali9.128.421.911.912.6
    Mauritius12.013.011.714.411.7
    Mozambique19.721.518.75.914.5
    Namibia10.824.39.616.210.9
    Niger7.2−0.4−13.424.710.6
    Rwanda14.711.415.212.15.8
    Senegal10.97.614.612.810.8
    Seychelles31.911.4−2.526.8−14.8
    Sierra Leone28.530.126.218.916.2
    South Africa13.018.112.913.113.5
    Swaziland10.413.114.18.29.0
    Tanzania10.721.316.919.127.1
    Togo4.4−2.16.316.5−6.2
    Uganda19.010.223.39.015.0
    Zambia32.131.523.430.214.8
    Zimbabwe48.3164.8413.5222.6248.0
    Sub-Saharan Africa20.032.320.017.615.9
    Excluding Nigeria and South Africa25.343.326.020.218.9
    CFA franc zone9.318.32.28.810.5
    WAEMU8.115.51.96.27.1
    CEMAC10.821.92.611.714.2
    SADC23.440.725.318.918.1
    COMESA41.568.750.532.025.8
    Oil-producing countries30.837.617.520.615.0
    Non-oil-producing countries16.930.320.916.516.3
    HIPC Initiative (completion point countries)14.419.115.412.916.3
    Fixed exchange rate regime15.051.425.416.419.3
    Floating exchange rate regime21.425.318.417.915.0
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA14.Claims on Nonfinancial Private Sector(In percent of broad money)
    1997–20012002200320042005
    Oil-producing countries
    Angola20.822.932.236.641.7
    Cameroon61.355.461.056.958.3
    Chad51.642.053.849.247.6
    Congo, Rep. of59.921.627.124.318.7
    Côte d’lvoire70.650.548.651.351.8
    Equatorial Guinea63.655.233.430.326.7
    Gabon80.583.175.562.156.0
    Nigeria62.362.458.359.766.1
    São Tomé and Príncipe18.921.429.659.663.2
    Non-oil-producing countries
    Benin31.739.460.166.170.0
    Botswana55.969.665.666.365.2
    Burkina Faso50.568.767.175.073.6
    Burundi91.4113.197.385.583.2
    Cape Verde49.148.050.950.346.8
    Central African Republic35.047.151.250.054.3
    Comoros43.332.336.134.637.3
    Congo, Dem. Rep. of13.420.316.119.321.3
    Ethiopia50.941.134.333.546.4
    Gambia, The36.339.035.626.830.4
    Ghana53.348.148.949.257.0
    Guinea49.741.736.628.229.0
    Guinea-Bissau18.64.82.71.92.1
    Kenya72.961.358.964.666.7
    Lesotho57.223.325.726.327.0
    Madagascar49.840.642.347.448.3
    Malawi35.426.626.929.429.9
    Mali69.565.763.258.565.4
    Mauritius73.273.869.967.469.8
    Mozambique69.553.544.439.539.6
    Namibia98.7121.3123.6128.2130.5
    Niger50.555.670.358.356.2
    Rwanda55.460.760.559.562.6
    Senegal71.570.570.368.167.0
    Seychelles27.823.533.932.828.2
    Sierra Leone16.015.220.324.527.5
    South Africa110.898.3103.7104.099.3
    Swaziland58.065.175.779.379.6
    Tanzania30.936.142.252.053.2
    Togo64.953.265.158.467.2
    Uganda137.634.836.139.640.1
    Zambia51.443.033.738.441.1
    Zimbabwe87.272.185.063.653.3
    Sub-Saharan Africa79.269.774.475.574.1
    Excluding Nigeria and South Africa58.553.953.552.153.0
    CFA franc zone62.456.158.155.254.2
    WAEMU63.556.759.459.961.4
    CEMAC63.455.456.449.846.8
    SADC93.779.988.589.685.5
    COMESA64.355.252.851.052.9
    Oil-producing countries60.154.653.552.955.8
    Non-oil-producing countries88.375.382.384.381.9
    HIPC Initiative (completion point countries)60.347.750.152.054.8
    Fixed exchange rate regime65.163.564.459.758.2
    Floating exchange rate regime85.972.177.479.878.4
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA15.Exports of Goods and Services(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola75.277.670.270.579.8
    Cameroon24.524.923.623.725.1
    Chad17.212.121.051.655.1
    Congo, Rep. of76.980.779.384.587.4
    Côte d’lvoire40.649.644.945.048.2
    Equatorial Guinea99.8113.0107.6105.6106.3
    Gabon59.353.454.260.463.5
    Nigeria43.140.049.857.864.2
    São Tomé and Príncipe32.036.638.238.939.3
    Non-oil-producing countries
    Benin15.114.113.713.313.9
    Botswana55.052.346.647.448.3
    Burkina Faso9.99.08.99.99.5
    Burundi8.06.29.38.910.2
    Cape Verde25.631.230.932.331.9
    Central African Republic19.915.511.511.812.6
    Comoros14.915.717.715.115.0
    Congo, Dem. Rep. of22.221.226.130.532.3
    Ethiopia15.216.217.618.720.1
    Gambia, The45.146.147.350.448.1
    Ghana38.542.540.739.434.8
    Guinea22.524.522.120.525.6
    Guinea-Bissau29.436.837.138.138.0
    Kenya21.824.723.724.923.9
    Lesotho30.852.946.955.651.1
    Madagascar25.516.023.131.731.2
    Malawi27.224.327.227.229.0
    Mali24.231.926.127.225.0
    Mauritius60.561.258.256.657.3
    Mozambique17.929.028.330.029.6
    Namibia44.943.637.637.336.4
    Niger17.015.915.516.017.1
    Rwanda7.47.78.310.39.7
    Senegal29.830.628.527.827.5
    Seychelles70.977.688.389.496.8
    Sierra Leone15.416.419.923.024.9
    South Africa26.732.827.726.627.1
    Swaziland79.792.488.483.984.8
    Tanzania14.415.216.716.919.7
    Togo30.435.245.147.848.1
    Uganda11.812.112.214.412.4
    Zambia29.028.628.934.235.8
    Zimbabwe33.56.516.734.624.7
    Sub-Saharan Africa31.532.633.835.938.5
    Excluding Nigeria and South Africa32.630.534.238.240.7
    CFA franc zone34.737.736.139.843.2
    WAEMU29.533.330.530.631.3
    CEMAC41.443.243.250.455.7
    SADC30.431.631.431.833.5
    COMESA32.926.133.939.642.1
    Oil-producing countries45.746.750.456.663.4
    Non-oil-producing countries26.727.327.527.827.8
    HIPC Initiative (completion point countries)20.221.321.822.922.6
    Fixed exchange rate regime37.329.736.341.543.2
    Floating exchange rate regime29.933.733.034.337.2
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA16.Imports of Goods and Services(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola74.165.663.755.062.4
    Cameroon22.626.223.322.924.3
    Chad37.264.353.936.028.7
    Congo, Rep. of57.854.053.757.356.1
    Côte d’lvoire33.033.435.338.438.5
    Equatorial Guinea123.1146.9103.673.155.5
    Gabon37.934.230.135.231.6
    Nigeria36.440.941.539.645.3
    São Tomé and Príncipe84.686.691.095.497.7
    Non-oil-producing countries
    Benin26.927.526.526.126.9
    Botswana45.941.534.440.640.2
    Burkina Faso24.722.321.721.021.8
    Burundi18.624.028.830.936.6
    Cape Verde59.867.564.663.261.6
    Central African Republic24.820.617.518.318.8
    Comoros33.426.228.527.930.4
    Congo, Dem. Rep. of20.726.133.339.445.6
    Ethiopia27.834.136.139.643.3
    Gambia, The53.054.456.568.063.9
    Ghana56.354.952.760.555.2
    Guinea26.328.424.622.927.1
    Guinea-Bissau52.858.551.055.962.6
    Kenya28.525.828.232.232.8
    Lesotho96.8109.296.299.3102.0
    Madagascar32.422.632.148.146.1
    Malawi38.445.849.750.453.2
    Mali33.832.033.332.033.3
    Mauritius62.857.057.055.358.4
    Mozambique35.747.844.138.338.8
    Namibia54.250.245.846.245.3
    Niger24.924.725.025.726.2
    Rwanda24.424.527.628.432.2
    Senegal37.641.741.541.541.4
    Seychelles84.384.084.389.4116.2
    Sierra Leone27.235.941.339.343.2
    South Africa24.329.126.027.128.3
    Swaziland97.492.189.491.293.7
    Tanzania25.122.623.526.730.1
    Togo43.949.763.164.966.6
    Uganda22.526.526.427.625.7
    Zambia40.042.041.640.937.9
    Zimbabwe33.87.219.741.931.4
    Sub-Saharan Africa31.733.233.734.736.6
    Excluding Nigeria and South Africa37.333.738.140.741.6
    CFA franc zone33.737.835.935.935.3
    WAEMU32.733.234.335.435.8
    CEMAC35.243.737.936.634.7
    SADC30.330.331.132.434.3
    COMESA38.929.339.644.346.4
    Oil-producing countries39.243.842.841.144.8
    Non-oil-producing countries29.329.230.232.233.0
    HIPC Initiative (completion point countries)32.132.733.736.336.7
    Fixed exchange rate regime38.030.436.739.838.6
    Floating exchange rate regime30.034.332.833.336.0
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA17.Trade Balance(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola35.940.829.137.245.7
    Cameroon4.30.71.71.82.4
    Chad−6.5−31.8−14.927.434.7
    Congo, Rep. of47.251.150.253.458.3
    Côte d’lvoire14.124.117.714.317.1
    Equatorial Guinea32.91.343.862.068.9
    Gabon35.132.735.339.944.6
    Nigeria15.88.617.526.927.1
    São Tomé and Príncipe−37.1−43.7−46.2−45.8−44.3
    Non-oil-producing countries
    Benin−10.0−12.2−11.3−11.4−11.6
    Botswana13.111.412.37.07.5
    Burkina Faso−10.8−10.1−8.5−7.0−7.9
    Burundi−6.3−12.1−14.9−14.3−16.7
    Cape Verde−35.2−38.0−35.4−35.6−34.9
    Central African Republic2.32.00.3−1.0−1.0
    Comoros−14.4−8.7−8.3−13.7−16.0
    Congo, Dem. Rep. of6.9−0.3−2.8−3.7−6.1
    Ethiopia−14.7−20.5−21.2−24.8−26.5
    Gambia, The−15.6−16.9−17.0−27.0−26.4
    Ghana−15.9−10.7−10.3−17.1−16.8
    Guinea2.93.54.14.25.5
    Guinea-Bissau−9.6−8.9−0.6−5.1−10.0
    Kenya−8.3−4.6−7.7−10.4−11.3
    Lesotho−65.0−53.5−45.6−40.1−46.7
    Madagascar−3.2−2.6−3.5−10.3−11.2
    Malawi−3.7−15.8−19.9−21.1−22.2
    Mali−0.55.7−1.3−2.9
    Mauritius−8.3−4.5−5.5−5.5−9.0
    Mozambique−16.7−17.9−14.6−8.7−8.9
    Namibia−5.7−6.9−10.8−11.3−11.6
    Niger−2.4−4.2−4.9−4.8−4.2
    Rwanda−9.3−9.7−10.7−9.6−12.9
    Senegal−7.5−10.8−12.6−13.2−13.5
    Seychelles−31.5−19.9−13.0−16.6−33.7
    Sierra Leone−4.8−15.0−15.0−8.8−10.5
    South Africa2.84.32.0−0.7
    Swaziland−8.210.76.5−0.5−1.9
    Tanzania−8.0−7.1−6.3−8.7−9.0
    Togo−9.1−10.5−13.5−13.4−14.7
    Uganda−6.8−9.0−9.9−9.9−9.9
    Zambia−5.0−6.9−7.2−2.03.2
    Zimbabwe1.2−0.1−1.0−5.4−4.5
    Sub-Saharan Africa3.63.43.84.96.1
    Excluding Nigeria and South Africa0.81.41.12.95.5
    CFA franc zone8.77.78.011.715.4
    WAEMU1.85.01.2−0.1
    CEMAC17.511.216.625.131.4
    SADC2.53.62.01.32.0
    COMESA−0.90.7−1.50.13.3
    Oil-producing countries18.315.018.826.730.5
    Non-oil-producing countries−1.4−1.0−2.0−3.6−4.4
    HIPC Initiative (completion point countries)−9.6−9.6−9.8−11.5−12.2
    Fixed exchange rate regime5.34.05.27.710.4
    Floating exchange rate regime3.13.13.34.24.9
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA18.External Current Account, Including Grants(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola−14.8−2.9−5.24.48.8
    Cameroon−2.7−6.3−2.1−0.9−0.7
    Chad−17.6−51.8−40.1−18.3−9.4
    Congo, Rep. of−9.2−0.31.02.37.3
    Côte d’lvoire−1.96.20.9−1.42.1
    Equatorial Guinea−48.9−103.1−61.7−15.24.4
    Gabon7.06.812.010.513.1
    Nigeria0.8−11.5−2.74.911.0
    São Tomé and Príncipe−43.4−47.2−46.0−49.2−48.2
    Non-oil-producing countries
    Benin−6.7−7.9−8.3−8.0−8.4
    Botswana10.42.26.59.59.3
    Burkina Faso−10.2−10.0−8.6−7.8−8.7
    Burundi−6.1−5.2−4.8−7.2−7.1
    Cape Verde−10.2−11.4−9.4−6.2−7.0
    Central African Republic−3.2−3.2−4.9−4.3−4.1
    Comoros−6.1−0.7−4.8−2.4−6.4
    Congo, Dem. Rep. of−4.8−2.8−1.5−5.5−5.1
    Ethiopia−4.2−5.7−2.7−6.2−5.7
    Gambia, The−2.9−2.8−5.1−11.8−12.1
    Ghana−8.90.51.7−2.7−4.0
    Guinea−6.3−4.3−3.2−3.7−2.4
    Guinea-Bissau−13.3−11.5−1.02.2−10.5
    Kenya−2.92.2−0.2−3.2−5.6
    Lesotho−22.0−17.0−11.9−2.5−7.9
    Madagascar−5.1−6.0−4.9−10.6−11.2
    Malawi−6.4−11.2−7.6−8.0−6.0
    Mali−8.5−3.1−6.2−4.8−7.2
    Mauritius−0.45.52.61.7−0.5
    Mozambique−17.3−19.3−15.1−8.5−13.2
    Namibia4.43.84.05.64.4
    Niger−6.3−6.5−6.0−6.0−6.7
    Rwanda−7.6−6.7−7.8−2.9−9.0
    Senegal−5.0−6.0−6.6−6.7−7.6
    Seychelles−15.6−16.3−0.9−3.0−21.8
    Sierra Leone−9.1−4.8−7.6−4.8−8.2
    South Africa−0.80.7−1.5−3.2−3.7
    Swaziland−3.96.00.6−0.6−2.5
    Tanzania−7.3−3.8−2.4−5.5−5.1
    Togo−10.3−9.7−12.9−12.3−13.6
    Uganda−6.4−5.3−6.3−1.7−3.2
    Zambia−14.9−15.4−15.2−11.5−9.6
    Zimbabwe−2.1−0.6−2.8−6.9−5.8
    Sub-Saharan Africa−2.5−3.5−2.8−1.9−0.7
    Excluding Nigeria and South Africa−5.2−4.0−3.9−2.7−1.7
    CFA franc zone−4.5−7.2−5.8−3.6−1.0
    WAEMU−5.2−1.8−4.4−5.0−4.6
    CEMAC−3.9−14.0−7.5−2.12.8
    SADC−2.2−0.8−2.0−2.6−2.6
    COMESA−5.1−2.0−3.1−2.2−1.7
    Oil-producing countries−2.1−9.0−3.82.37.7
    Non-oil-producing countries−2.8−1.4−2.3−3.5−4.3
    HIPC Initiative (completion point countries)−7.5−5.9−5.1−5.8−6.8
    Fixed exchange rate regime−3.1−4.2−3.9−2.2−0.5
    Floating exchange rate regime−2.4−3.2−2.4−1.8−0.8
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA19.External Current Account, Excluding Grants(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola−15.9−3.2−5.94.08.2
    Cameroon−2.9−6.6−2.6−1.0−0.7
    Chad−20.5−53.4−41.8−19.5−10.6
    Congo, Rep. of−9.4−0.50.82.17.1
    Côte d’lvoire−2.46.10.6−1.52.1
    Equatorial Guinea−49.1−103.2−61.8−15.34.3
    Gabon6.77.512.810.413.0
    Nigeria0.9−11.5−2.65.011.0
    São Tomé and Príncipe−60.6−54.0−54.5−61.5−60.3
    Non-oil-producing countries
    Benin−9.3−11.5−11.6−11.1−11.4
    Botswana6.1−2.03.03.63.2
    Burkina Faso−13.3−12.6−12.7−10.7−13.3
    Burundi−11.4−19.1−21.3−24.4−28.9
    Cape Verde−17.7−17.1−15.4−12.0−12.4
    Central African Republic−6.5−5.6−5.9−6.5−5.9
    Comoros−8.2−3.4−5.9−3.8−6.9
    Congo, Dem. Rep. of−8.7−11.1−10.3−12.6−16.7
    Ethiopia−8.5−12.9−12.0−13.3−14.9
    Gambia, The−10.4−13.4−13.6−21.6−18.8
    Ghana−12.2−3.1−3.5−8.8−9.8
    Guinea−7.4−5.6−4.0−4.2−3.2
    Guinea-Bissau−26.3−18.9−10.1−12.5−18.4
    Kenya−3.22.2−0.6−3.2−5.6
    Lesotho−38.8−33.2−26.5−20.7−25.2
    Madagascar−6.2−6.1−7.5−14.4−13.0
    Malawi−13.4−23.3−16.9−19.3−19.7
    Mali−10.4−4.4−8.9−6.6−9.8
    Mauritius−0.65.22.41.2−0.6
    Mozambique−23.8−23.0−19.9−13.8−16.1
    Namibia−7.2−5.1−6.3−7.4−7.2
    Niger−8.8−9.4−9.3−9.2−8.2
    Rwanda−16.8−16.6−19.2−18.0−22.0
    Senegal−7.1−7.9−8.5−8.5−9.0
    Seychelles−17.6−18.1−2.4−4.8−24.1
    Sierra Leone−13.1−12.1−14.1−11.4−14.2
    South Africa−0.11.2−1.0−2.5−3.1
    Swaziland−12.8−2.4−6.7−10.0−11.7
    Tanzania−12.2−8.2−7.1−10.4−11.0
    Togo−13.7−10.4−14.0−13.4−14.7
    Uganda−12.7−13.7−14.0−12.0−12.7
    Zambia−16.7−18.0−16.7−11.9−11.1
    Zimbabwe−3.0−0.7−3.1−7.3−6.8
    Sub-Saharan Africa−3.5−4.6−3.9−2.9−1.8
    Excluding Nigeria and South Africa−7.9−6.4−6.8−5.9−4.9
    CFA franc zone−5.8−8.1−7.0−4.6−1.9
    WAEMU−7.0−3.3−6.3−6.6−6.2
    CEMAC−4.4−14.2−7.8−2.42.6
    SADC−2.8−1.6−2.7−3.2−3.4
    COMESA−8.1−4.6−6.7−6.1−5.7
    Oil-producing countries−2.3−9.1−4.02.27.6
    Non-oil-producing countries−4.0−2.9−3.9−4.9−5.8
    HIPC Initiative (completion point countries)−11.4−9.9−9.9−10.8−11.8
    Fixed exchange rate regime−5.4−5.6−5.9−4.6−2.8
    Floating exchange rate regime−3.0−4.2−3.3−2.5−1.6
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA20.Official Grants(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola1.20.30.70.30.6
    Cameroon0.10.30.5
    Chad2.91.51.81.21.1
    Congo, Rep. of0.30.20.20.20.1
    Côte d’lvoire0.50.20.30.1
    Equatorial Guinea0.20.1
    Gabon0.3−0.6−0.80.10.1
    Nigeria−0.1−0.1−0.1
    São Tomé and Príncipe17.16.88.612.312.1
    Non-oil-producing countries
    Benin2.63.63.23.13.0
    Botswana4.34.23.45.86.1
    Burkina Faso3.12.64.22.94.6
    Burundi5.313.916.517.221.8
    Cape Verde7.55.76.05.95.4
    Central African Republic3.32.40.92.11.9
    Comoros2.12.71.11.40.5
    Congo, Dem. Rep. of3.88.48.97.111.6
    Ethiopia4.37.29.27.19.2
    Gambia, The7.410.68.59.96.7
    Ghana3.23.65.26.15.8
    Guinea1.11.40.80.50.8
    Guinea-Bissau13.07.49.114.77.9
    Kenya0.30.4
    Lesotho16.816.214.618.317.3
    Madagascar1.00.22.63.81.8
    Malawi7.012.29.311.413.7
    Mali1.91.32.61.82.7
    Mauritius0.10.20.20.50.1
    Mozambique6.53.74.95.32.8
    Namibia11.68.810.313.011.6
    Niger2.52.93.33.21.5
    Rwanda9.29.811.415.213.0
    Senegal2.22.01.91.91.5
    Seychelles2.01.81.51.82.4
    Sierra Leone4.07.46.56.66.0
    South Africa−0.6−0.5−0.5−0.7−0.7
    Swaziland8.88.47.29.49.1
    Tanzania5.04.34.74.95.9
    Togo3.40.71.11.11.1
    Uganda6.48.37.710.39.4
    Zambia1.82.51.50.41.4
    Zimbabwe1.00.10.30.41.0
    Sub-Saharan Africa1.01.11.11.01.1
    Excluding Nigeria and South Africa2.72.42.93.13.2
    CFA franc zone1.20.91.21.01.0
    WAEMU1.71.51.91.61.6
    CEMAC0.60.20.30.30.2
    SADC0.70.80.80.60.7
    COMESA3.02.63.63.84.0
    Oil-producing countries0.20.10.10.10.1
    Non-oil-producing countries1.21.51.51.41.5
    HIPC Initiative (completion point countries)3.94.04.74.95.0
    Fixed exchange rate regime2.31.42.02.42.2
    Floating exchange rate regime0.61.00.90.70.8
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA21.Real Effective Exchange Rates1(Index, 2000 = 100)
    1997–2001200220032004
    Oil-producing countries
    Angola102.3116.1121.3148.5
    Cameroon104.6107.0111.7112.0
    Chad106.4116.1121.4119.9
    Congo, Rep. of103.0102.9107.0110.6
    Côte d’lvoire104.5107.6115.8117.6
    Equatorial Guinea101.7114.5125.9131.3
    Gabon105.9101.9107.3107.6
    Nigeria135.3110.6103.9106.3
    São Tomé and Príncipe89.596.487.584.8
    Non-oil-producing countries
    Benin103.5108.2113.9115.1
    Botswana99.666.2104.7123.1
    Burkina Faso103.2105.3109.3108.1
    Burundi107.280.765.763.2
    Cape Verde102.7102.8106.6103.5
    Central African Republic104.9106.8113.5110.9
    Comoros106.2108.3114.0117.9
    Congo, Dem. Rep. of80.339.334.931.8
    Ethiopia97.789.291.085.2
    Gambia, The101.972.451.850.7
    Ghana130.5100.1101.599.4
    Guinea110.194.690.585.3
    Guinea-Bissau100.2104.3101.9102.5
    Kenya99.6103.0102.499.3
    Lesotho102.876.0101.788.0
    Madagascar97.0118.8105.979.3
    Malawi107.3102.279.174.2
    Mali106.1108.6109.9106.1
    Mauritius95.897.994.291.2
    Mozambique98.882.481.388.8
    Namibia98.893.4105.1109.6
    Niger104.3104.3103.7102.9
    Rwanda104.886.271.868.7
    Senegal108.2104.7107.5107.7
    Seychelles96.8109.399.792.3
    Sierra Leone105.497.181.773.8
    South Africa103.475.597.4106.3
    Swaziland97.899.9105.2109.9
    Tanzania97.687.372.865.7
    Togo105.4107.1110.1112.2
    Uganda108.391.480.182.1
    Zambia103.8102.2100.5108.6
    Zimbabwe99.5340.8194.468.9
    Sub-Saharan Africa102.793.5102.5104.8
    Excluding Nigeria and South Africa98.8105.1103.3100.1
    CFA franc zone104.7107.3112.3112.7
    WAEMU104.9106.5110.6110.6
    CEMAC104.5108.4114.6115.5
    SADC98.286.3102.6107.8
    SACU103.175.998.0107.0
    COMESA93.2111.0102.496.0
    Oil-producing countries115.4110.5109.9114.6
    Non-oil-producing countries100.489.1100.3101.9
    HIPC Initiative (completion point countries)105.296.293.490.7
    Fixed exchange rate regime101.9127.7132.1125.0
    Floating exchange rate regime103.085.895.399.3

    An increase indicates appreciation.

    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005.
    Table SA22.Nominal Effective Exchange Rates1(Index, 2000 = 100)
    1997–2001200220032004
    Oil-producing countries
    Angola954.121.111.29.6
    Cameroon102.5104.8111.8114.7
    Chad101.8104.5111.4114.6
    Congo, Rep. of103.2103.1107.9109.9
    Côte d’lvoire103.6105.0112.1114.8
    Equatorial Guinea103.1102.6107.1109.0
    Gabon104.3103.7109.0111.1
    Nigeria143.785.872.365.5
    São Tomé and Príncipe108.084.371.462.4
    Non-oil-producing countries
    Benin104.9105.8112.1114.9
    Botswana95.085.9190.5309.6
    Burkina Faso100.9104.2109.0111.1
    Burundi120.080.161.256.6
    Cape Verde100.2104.2110.8112.6
    Central African Republic100.9108.9113.5115.4
    Comoros102.5102.8106.6107.8
    Congo, Dem. Rep. of536.54.63.73.3
    Ethiopia101.597.286.079.7
    Gambia, The101.866.541.636.2
    Ghana158.267.155.249.5
    Guinea115.290.880.266.5
    Guinea-Bissau103.2104.3109.3111.6
    Kenya106.399.192.281.9
    Lesotho108.966.288.5101.8
    Madagascar105.7100.891.361.9
    Malawi153.977.863.759.9
    Mali103.6102.1106.6108.5
    Mauritius99.690.785.680.8
    Mozambique102.969.262.462.9
    Namibia103.184.792.794.5
    Niger102.6101.5104.3105.5
    Rwanda104.585.268.059.7
    Senegal103.7103.7109.1111.1
    Seychelles100.1107.497.088.2
    Sierra Leone126.6102.281.766.0
    South Africa108.467.583.891.8
    Swaziland100.894.697.3100.0
    Tanzania104.185.270.362.3
    Togo104.6104.1110.5112.9
    Uganda109.394.578.981.0
    Zambia133.174.564.062.3
    Zimbabwe156.085.217.10.9
    Sub-Saharan Africa115.375.677.977.1
    Excluding Nigeria and South Africa118.079.972.867.6
    CFA franc zone103.0104.2109.9112.3
    WAEMU103.3103.9109.5111.7
    CEMAC102.6104.5110.5113.1
    SADC117.363.270.972.9
    SACU107.768.686.996.3
    COMESA130.469.153.945.6
    Oil-producing countries132.282.572.868.6
    Non-oil-producing countries111.973.779.279.5
    HIPC Initiative (completion point countries)109.389.580.676.5
    Fixed exchange rate regime107.298.2101.797.6
    Floating exchange rate regime117.770.472.572.2

    An increase indicates appreciation.

    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005.
    Table SA23.External Debt to Official Creditors(In percent of GDP)
    1997–20012002200320042005
    Oil-producing countries
    Angola67.840.546.833.925.0
    Cameroon63.749.146.340.634.0
    Chad48.358.553.539.133.9
    Congo, Rep. of186.3161.6170.6115.271.4
    Côte d’lvoire72.572.859.852.248.4
    Equatorial Guinea45.524.412.56.64.0
    Gabon69.864.958.654.440.9
    Nigeria64.860.553.150.032.4
    São Tomé and Príncipe674.9532.5491.8468.0425.6
    Non-oil-producing countries
    Benin69.066.338.835.935.9
    Botswana11.28.25.74.93.1
    Burkina Faso51.951.141.435.933.6
    Burundi139.1179.9224.0207.1191.5
    Cape Verde52.860.856.651.746.6
    Central African Republic82.387.089.589.288.1
    Comoros100.593.093.180.375.9
    Congo, Dem. Rep. of261.8192.4185.5163.1157.0
    Ethiopia70.786.586.776.169.6
    Gambia, The107.8134.6145.5131.6122.1
    Ghana93.4117.997.485.173.2
    Guinea97.394.992.682.487.7
    Guinea-Bissau396.7426.2374.4309.9282.3
    Kenya38.035.131.729.327.0
    Lesotho60.473.154.946.651.6
    Madagascar115.098.383.2108.9100.3
    Malawi137.2143.3159.3150.4144.1
    Mali99.190.272.869.660.5
    Mauritius13.010.89.48.38.1
    Mozambique101.788.183.171.766.4
    Namibia3.33.85.04.85.6
    Niger85.780.757.452.650.6
    Rwanda67.380.885.082.173.7
    Senegal70.669.757.948.841.8
    Seychelles21.139.635.039.439.9
    Sierra Leone112.537.578.986.8103.5
    South Africa3.44.53.02.42.2
    Swaziland14.526.718.014.614.0
    Tanzania83.451.555.350.847.1
    Togo83.7104.9114.7108.793.2
    Uganda57.462.162.960.349.6
    Zambia181.6135.4107.978.160.8
    Zimbabwe38.510.132.062.932.2
    Sub-Saharan Africa44.041.936.931.726.4
    Excluding Nigeria and South Africa75.460.161.655.147.3
    CFA franc zone76.872.062.052.143.7
    WAEMU76.375.761.254.449.4
    CEMAC78.067.263.149.437.7
    SADC25.121.718.915.513.7
    COMESA74.150.760.657.347.9
    Oil-producing countries69.461.455.647.633.9
    Non-oil-producing countries35.834.629.725.523.2
    HIPC Initiative (completion point countries)80.377.368.763.657.3
    Fixed exchange rate regime61.445.650.245.637.7
    Floating exchange rate regime39.240.432.927.923.3
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA24.Terms of Trade(Index, 2000 = 100)
    1997–20012002200320042005
    Oil-producing countries
    Angola70.285.975.693.6108.7
    Cameroon89.6100.299.396.3109.8
    Chad110.5126.2172.9228.8229.0
    Congo, Rep. of71.5104.0114.0120.3128.9
    Côte d’lvoire118.7135.1119.1100.5109.5
    Equatorial Guinea70.043.061.767.883.3
    Gabon93.788.1109.8111.6131.9
    Nigeria74.589.191.3110.0148.8
    São Tomé and Príncipe84.379.676.976.976.6
    Non-oil-producing countries
    Benin111.994.297.5115.194.4
    Botswana98.983.385.568.583.9
    Burkina Faso101.884.577.074.760.3
    Burundi108.479.379.699.8114.3
    Cape Verde101.9100.2100.4101.7100.7
    Central African Republic100.982.884.970.966.4
    Comoros80.3163.8280.3119.682.6
    Congo, Dem. Rep. of104.2107.8124.6129.1131.1
    Ethiopia136.086.477.871.981.2
    Gambia, The115.770.7118.9113.382.4
    Ghana119.3110.8127.2108.1101.5
    Guinea108.7110.7108.1101.4102.2
    Guinea-Bissau76.766.775.960.557.5
    Kenya102.1101.683.977.871.5
    Lesotho96.6104.785.372.767.0
    Madagascar100.6107.3118.0116.073.2
    Malawi108.482.780.779.771.0
    Mali114.397.496.599.987.6
    Mauritius102.4104.6107.9109.6102.8
    Mozambique98.293.891.8103.4107.7
    Namibia89.7112.686.577.576.2
    Niger106.4111.6108.7103.5103.4
    Rwanda100.783.169.893.069.7
    Senegal101.899.495.795.193.0
    Seychelles123.4122.0149.7150.9118.9
    Sierra Leone110.9102.3100.495.798.0
    South Africa104.4103.2105.2105.2102.5
    Swaziland103.399.398.2100.0101.0
    Tanzania89.992.086.879.678.9
    Togo119.6105.7118.7122.6114.0
    Uganda89.170.370.677.869.3
    Zambia107.192.596.2114.5114.1
    Zimbabwe99.096.590.984.679.1
    Sub-Saharan Africa99.998.699.6102.2107.4
    Excluding Nigeria and South Africa101.998.397.196.798.3
    CFA franc zone103.1104.4105.0105.3110.1
    WAEMU112.2111.8104.498.895.8
    CEMAC90.095.1105.8112.7125.0
    SADC101.799.8101.0102.0101.2
    COMESA100.795.490.492.791.5
    Oil-producing countries85.396.196.6107.7132.9
    Non-oil-producing countries104.399.6100.7100.096.5
    HIPC Initiative (completion point countries)106.294.194.892.385.9
    Fixed exchange rate regime101.6101.1101.499.5103.7
    Floating exchange rate regime99.497.799.0102.9108.4
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
    Table SA25.Reserves(In months of imports of goods and services)
    1997–20012002200320042005
    Oil-producing countries
    Angola1.30.60.91.52.6
    Cameroon0.52.72.42.72.6
    Chad2.52.01.61.82.4
    Congo, Rep. of0.70.70.20.60.5
    Côte d’lvoire2.45.85.54.95.8
    Equatorial Guinea0.20.41.13.59.1
    Gabon0.71.01.32.13.9
    Nigeria6.84.63.67.68.0
    São Tomé and Príncipe3.84.55.74.14.2
    Non-oil-producing countries
    Benin7.29.56.55.04.0
    Botswana30.829.124.018.418.6
    Burkina Faso5.25.15.64.84.0
    Burundi4.64.74.73.83.7
    Cape Verde2.72.72.22.52.9
    Central African Republic7.06.97.67.57.1
    Comoros7.814.812.612.19.3
    Congo, Dem. Rep. of3.26.84.74.14.1
    Ethiopia3.15.24.95.74.4
    Gambia, The5.86.43.63.73.8
    Ghana1.42.04.13.73.7
    Guinea2.82.21.91.61.7
    Guinea-Bissau5.110.716.818.015.3
    Kenya2.83.84.23.53.3
    Lesotho7.05.64.84.13.8
    Madagascar2.64.22.82.92.6
    Malawi3.82.21.71.71.9
    Mali4.76.77.47.96.8
    Mauritius3.35.76.45.95.2
    Mozambique6.05.05.75.84.6
    Namibia1.72.62.01.92.1
    Niger1.73.02.01.01.4
    Rwanda4.86.95.67.34.7
    Senegal2.83.73.63.84.0
    Seychelles0.81.41.40.70.7
    Sierra Leone3.03.02.03.62.7
    South Africa2.12.31.92.83.4
    Swaziland3.03.01.91.81.5
    Tanzania4.68.310.19.18.2
    Togo2.43.42.02.92.6
    Uganda6.97.37.88.38.6
    Zambia1.34.11.71.81.8
    Zimbabwe0.90.50.50.40.4
    Sub-Saharan Africa3.73.93.44.34.7
    Excluding Nigeria and South Africa3.84.54.34.24.4
    CFA franc zone2.23.43.43.64.4
    WAEMU3.35.45.04.74.9
    CEMAC0.91.51.52.43.9
    SADC3.53.73.23.53.9
    COMESA2.53.33.03.13.2
    Oil-producing countries3.93.22.84.95.8
    Non-oil-producing countries3.64.23.84.04.1
    HIPC Initiative (completion point countries)3.75.15.55.34.9
    Fixed exchange rate regime4.85.24.74.55.0
    Floating exchange rate regime3.33.43.04.24.6
    Sources: IMF, African Department database, September 1, 2005; and WEO database, September 1, 2005. Data for 2005 are IMF staff projections.
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