Back Matter

Back Matter

Author(s):
International Monetary Fund. African Dept.
Published Date:
October 2010
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    Statistical Appendix

    Unless otherwise noted, data and projections presented in this report are IMF staff estimates as of September 23, 2010, consistent with the projections underlying the Fall 2010 World Economic Outlook.

    The data and projections cover the 44 countries of the IMF’s African Department. Data definitions follow established international statistical methodologies to the extent possible. However, in some cases data limitations limit comparability across countries.

    Country Groupings

    As in previous Regional Economic Outlooks, countries are aggregated into four nonoverlapping groups: oil exporters, non-oil-exporting middle-income, low-income, and fragile low-income countries (see the appendix tables).

    • The 7 oil exporters are countries where net oil exports make up 30 percent or more of total exports. Except for Angola and Nigeria, they belong to the Central African Economic and Monetary Community. Oil exporters are classified as such even if they would otherwise qualify for another group.

    • The 8 middle-income countries are not oil exporters and had per capita gross national income of more than US$975 in 2008, as calculated by the World Bank using the Atlas method.

    • The 15 low-income countries not classified as fragile are not oil exporters, had per capita gross national income equal to or lower than US$975 in 2008, and had a score higher than 3.2 on the 2008 IDA Resource Allocation Index (IRAI).

    • The 14 low-income countries classified as fragile are not oil exporters, had per capita gross national income equal to or lower than US$975 in 2008, and had a score of 3.2 or less on the 2008 IDA Resource Allocation Index (IRAI).

    In addition, countries are classified as resource-rich if their primary commodity rents exceed 10 percent of GDP. Non-resource-rich countries are also classified by whether they are coastal or landlocked (Table SA MN 1).

    Table SA MN 1.Sub-Saharan Africa: Country Groupings
    Resource-RichNon-Resource-Rich
    OilNon-oilCoastalLandlocked
    AngolaBotswanaBenin *Burkina Faso *
    Cameroon *Côte d’IvoireCape VerdeBurundi *
    ChadGuineaComorosCentral African Republic *
    Congo, Rep. of *NamibiaGambia, The *Congo, Dem. Rep. of *
    Equatorial GuineaSierra Leone *Ghana *Ethiopia *
    GabonZambia *Guinea-BissauLesotho
    NigeriaKenyaMalawi *
    Madagascar *Mali *
    MauritiusNiger *
    Mozambique *Rwanda *
    São Tomé & Príncipe *Swaziland
    Senegal *Uganda *
    SeychellesZimbabwe
    South Africa
    Tanzania *
    Togo
    Note: *Country has reached the completion point under the enhanced HIPC Initiative and has qualified for MDRI relief.

    Finally, countries are grouped into regional cooperation bodies: CFA franc zone, comprising the West African Economic and Monetary Union (WAEMU) and the Central African Economic and Monetary Community (CEMAC); East Africa Community (EAC-5); Southern African Development Community (SADC); Common Market for Eastern and Southern Africa. (COMESA); and Southern Africa Customs Union (SACU) (Table SA MN 2).

    Table SA MN 2.Sub-Saharan Africa: Member Countries of Regional Groupings
    The West African

    Economic and

    Monetary Union

    (WAEMU)
    Economic and

    Monetary

    Community of

    Central African

    States (CEMAC)
    Common Market for

    Eastern and Southern Africa

    (COMESA)
    East Africa

    Community

    (EAC-5)
    Southern African

    Development

    Community (SADC)
    Southern

    Africa

    Customs

    Union (SACU)
    BeninCameroonBurundiBurundiAngolaBotswana
    Burkina FasoCentral AfricanComorosKenyaBotswanaLesotho
    Côte d’IvoireRepublicCongo, Dem. Rep. ofRwandaCongo, Dem. Rep. ofNamibia
    Guinea-BissauChadEritreaTanzaniaLesothoSouth Africa
    MaliCongo, Rep. ofEthiopiaUgandaMadagascarSwaziland
    NigerEquatorialKenyaMalawi
    SenegalGuineaMadagascarMauritius
    TogoGabonMalawiMozambique
    MauritiusNamibia
    RwandaSeychelles
    SeychellesSouth Africa
    SwazilandSwaziland
    UgandaTanzania
    ZambiaZambia
    ZimbabweZimbabwe

    Unless otherwise noted, group aggregates exclude data for Zimbabwe because of data limitations. EAC-5 aggregates include data for Rwanda and Burundi, which joined only in 2007.

    Methods of Aggregation

    In Tables SA14, S A613, SA15, and SA22AA23, country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. The source of purchasing power parity weights is the WEO database.

    In Tables SA1621 and SA2426, 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.

    In Tables SA5 and SA14, country group composites are calculated as the geometric average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. The source of purchasing power parity weights is the WEO database.

    List of Tables

    Table SA1.Real GDP Growth(Percent)
    2004-0820042005200620072008200920102011
    Oil-exporting countries8.511.27.67.49.27.04.86.46.7
    Excluding Nigeria10.812.311.29.312.58.61.54.95.6
    Angola16.811.220.618.620.313.30.75.97.1
    Cameroon3.13.72.33.23.32.92.02.62.9
    Chad8.333.67.90.20.2-0.4-1.64.33.9
    Congo, Rep. of4.33.57.86.2-1.65.67.510.68.7
    Equatorial Guinea16.238.09.71.321.410.75.30.92.1
    Gabon2.71.43.01.25.32.7-1.44.55.0
    Nigeria7.010.65.46.27.06.07.07.47.4
    Middle-income countries4.94.84.95.65.53.7-1.73.33.6
    Excluding South Africa4.66.32.15.35.43.7-0.75.64.4
    Botswana4.16.01.65.14.83.1-3.78.44.8
    Cape Verde7.04.36.510.18.65.63.04.16.0
    Lesotho3.32.31.16.52.44.50.95.63.8
    Mauritius4.35.51.53.95.45.02.53.64.1
    Namibia6.312.32.57.15.44.3-0.84.44.8
    Seychelles6.3-2.97.58.319.7-1.30.74.05.0
    South Africa4.94.65.35.65.53.7-1.83.03.5
    Swaziland2.72.52.22.93.52.41.22.02.5
    Low-income countries6.35.86.66.46.46.34.75.16.3
    Excluding fragile countries7.16.57.47.37.26.95.15.36.6
    Benin3.93.02.93.84.65.02.52.83.6
    Burkina Faso5.54.58.75.53.65.23.24.44.7
    Ethiopia11.811.712.611.511.811.29.98.08.5
    Ghana6.25.65.96.45.77.24.15.09.9
    Kenya5.04.66.06.36.91.32.44.15.8
    Madagascar5.75.34.65.06.27.1-3.7-2.02.8
    Malawi6.15.52.67.75.88.87.56.06.2
    Mali4.62.36.15.34.35.04.45.15.4
    Mozambique7.68.88.76.37.36.76.36.57.5
    Niger5.1-0.88.45.83.48.7-1.23.55.2
    Rwanda8.67.49.49.25.511.24.15.45.9
    Senegal4.45.95.62.45.03.22.24.04.4
    Tanzania7.37.87.46.77.17.46.06.56.7
    Uganda8.26.86.310.88.48.77.25.86.1
    Zambia5.85.45.36.26.25.76.36.66.4
    Fragile countries3.33.23.62.83.23.53.03.84.8
    Including Zimbabwe2.62.52.92.53.13.94.8
    Burundi3.84.80.95.13.64.53.53.94.5
    Central African Republic2.61.02.43.83.72.01.73.34.0
    Comoros1.3-0.24.21.20.51.01.82.12.5
    Congo, Dem. Rep. of6.56.67.85.66.36.22.85.47.0
    Côte d’Ivoire1.61.61.90.71.62.33.83.04.0
    Eritrea-1.11.52.6-1.01.4-9.83.61.82.8
    Gambia, The4.67.00.33.46.06.35.65.05.4
    Guinea2.92.33.02.51.84.9-0.33.03.9
    Guinea-Bissau2.83.15.02.20.23.63.03.54.3
    Liberia6.42.65.37.89.47.14.66.39.5
    São Tomé & Príncipe6.16.65.76.76.05.84.04.55.5
    Sierra Leone6.87.47.27.36.45.53.24.55.2
    Togo2.32.31.23.71.92.23.13.33.5
    Zimbabwe1-8.8-3.7-3.7-18.95.75.94.5
    Sub-Saharan Africa6.57.26.36.47.05.62.54.95.5
    Median5.24.85.35.65.45.03.04.45.0
    Including Zimbabwe6.36.47.05.62.54.95.5
    Excluding Nigeria and South Africa7.37.67.47.18.06.73.35.15.9
    Oil-importing countries5.55.25.75.95.94.91.34.14.9
    Excluding South Africa6.15.96.06.36.35.94.05.16.1
    CFA franc zone4.87.74.92.94.64.12.63.84.3
    WAEMU3.62.94.73.23.34.12.93.74.4
    CEMAC6.012.65.12.55.84.22.34.04.1
    EAC-56.76.36.67.67.25.74.85.46.2
    SADC6.55.76.77.17.55.5-0.43.94.5
    SACU4.94.85.05.65.43.7-1.83.33.6
    COMESA7.36.87.27.98.06.75.25.26.3
    Resource-intensive countries7.710.26.86.88.36.54.26.26.4
    Oil8.511.27.67.49.27.04.86.46.7
    Non-oil resource-intensive countries3.44.72.33.53.43.30.54.84.4
    Non-resource-intensive countries5.75.36.06.26.25.01.44.15.0
    Coastal Non-resource-intensive countries5.24.95.45.65.84.10.03.54.4
    Landlocked Non-resource-intensive countries8.06.98.38.67.78.56.36.16.7
    MDRI6.76.36.96.86.47.15.05.46.4
    Fixed exchange rate regimes4.87.64.73.14.53.92.43.84.3
    Floating exchange rate6.97.16.67.17.55.92.55.15.8
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    In constant 2009 US dollars. The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA2.Real Non-oil GDP Growth(Percent)
    2004-0820042005200620072008200920102011
    Oil-exporting countries10.811.38.312.212.59.58.07.27.3
    Excluding Nigeria12.28.110.416.415.910.47.46.26.7
    Angola17.19.014.127.520.114.78.16.68.4
    Cameroon3.64.93.22.94.13.23.03.33.4
    Chad4.82.111.04.73.13.2-0.54.95.5
    Congo, Rep. of5.75.05.45.96.65.43.96.16.6
    Equatorial Guinea29.328.422.829.847.218.127.610.86.7
    Gabon4.32.34.34.95.93.9-0.85.85.4
    Nigeria9.813.37.09.610.18.98.37.97.7
    Middle-income countries4.94.84.95.65.43.7-1.73.33.6
    Excluding South Africa4.56.32.15.35.04.0-0.75.64.4
    Botswana4.16.01.65.14.83.1-3.78.44.8
    Cape Verde7.04.36.510.18.65.63.04.16.0
    Lesotho3.32.31.16.52.44.50.95.63.8
    Mauritius4.35.51.53.95.45.02.53.64.1
    Namibia6.312.32.57.15.44.3-0.84.44.8
    Seychelles6.1-2.97.58.37.310.20.74.05.0
    South Africa4.94.65.35.65.53.7-1.83.03.5
    Swaziland2.72.52.22.93.52.41.22.02.5
    Low-income countries6.35.86.56.46.56.34.75.16.0
    Excluding fragile countries7.16.57.47.37.26.95.15.36.3
    Benin3.93.02.93.84.65.02.52.83.6
    Burkina Faso5.54.58.75.53.65.23.24.44.7
    Ethiopia11.811.712.611.511.811.29.98.08.5
    Ghana6.25.65.96.45.77.24.15.06.0
    Kenya5.04.66.06.36.91.32.44.15.8
    Madagascar5.75.34.65.06.27.1-3.7-2.02.8
    Malawi6.15.52.67.75.88.87.56.06.2
    Mali4.62.36.15.34.35.04.45.15.4
    Mozambique7.68.88.76.37.36.76.36.57.5
    Niger5.1-0.88.45.83.48.7-1.23.55.2
    Rwanda8.67.49.49.25.511.24.15.45.9
    Senegal4.45.95.62.45.03.22.24.04.4
    Tanzania7.37.87.46.77.17.46.06.56.7
    Uganda8.26.86.310.88.48.77.25.86.1
    Zambia5.85.45.36.26.25.76.36.66.4
    Fragile countries3.23.23.32.63.43.52.93.84.8
    Including Zimbabwe2.62.52.92.53.13.94.8
    Burundi3.84.80.95.13.64.53.53.94.5
    Central African Republic2.61.02.43.83.72.01.73.34.0
    Comoros1.3-0.24.21.20.51.01.82.12.5
    Congo, Dem. Rep. of6.56.67.85.66.36.22.85.47.0
    Côte d’Ivoire1.51.61.30.02.12.53.73.14.0
    Eritrea-1.11.52.6-1.01.4-9.83.61.82.8
    Gambia, The4.67.00.33.46.06.35.65.05.4
    Guinea2.92.33.02.51.84.9-0.33.03.9
    Guinea-Bissau2.83.15.02.20.23.63.03.54.3
    Liberia6.42.65.37.89.47.14.66.39.5
    São Tomé & Príncipe6.16.65.76.76.05.84.04.55.5
    Sierra Leone6.87.47.27.36.45.53.24.55.2
    Togo2.32.31.23.71.92.23.13.33.5
    Zimbabwe1-8.8-3.7-3.7-18.95.75.94.5
    Sub-Saharan Africa7.27.26.58.08.16.43.65.25.7
    Median5.34.95.35.65.55.23.14.55.2
    Including Zimbabwe6.36.47.05.62.54.95.5
    Excluding Nigeria and South Africa7.86.57.19.09.07.25.05.46.1
    Oil-importing countries5.55.25.65.95.94.91.34.14.8
    Excluding South Africa6.15.96.06.26.36.04.05.15.8
    CFA franc zone6.05.16.25.57.85.34.84.74.8
    WAEMU3.62.94.53.03.54.22.93.74.4
    CEMAC8.47.47.98.112.26.36.75.75.1
    EAC-56.76.36.67.67.25.74.85.46.2
    SADC6.55.56.18.07.45.70.64.04.7
    SACU4.94.85.05.65.43.7-1.83.33.6
    COMESA7.36.87.27.97.96.85.25.26.3
    Resource-intensive countries9.610.37.310.911.28.66.96.96.9
    Oil10.811.38.312.212.59.58.07.27.3
    Non-oil resource-intensive countries3.44.72.03.23.63.40.44.94.4
    Non-resource-intensive countries5.75.36.06.26.15.11.44.14.8
    Coastal Non-resource-intensive countries5.24.95.45.65.74.10.03.54.2
    Landlocked Non-resource-intensive countries8.06.98.38.67.78.56.36.16.7
    MDRI6.86.56.96.86.87.25.05.36.1
    Fixed exchange rate regimes5.85.35.85.47.44.94.44.64.7
    Floating exchange rate7.67.76.78.58.26.73.45.35.8
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    In constant 2009 US dollars. The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA3.Real Per Capita GDP Growth(Percent)
    2004-0820042005200620072008200920102011
    Oil-exporting countries5.68.24.74.56.24.22.03.63.9
    Excluding Nigeria7.79.28.16.39.45.7-1.22.12.8
    Angola13.58.017.215.216.910.1-2.32.84.0
    Cameroon0.30.9-0.50.40.40.1-0.80.10.4
    Chad5.730.45.3-2.3-2.3-2.9-4.01.81.4
    Congo, Rep. of1.40.64.73.2-4.42.64.47.55.7
    Equatorial Guinea12.934.16.7-1.618.07.62.4-1.9-0.7
    Gabon0.4-1.10.5-1.32.71.2-2.83.03.5
    Nigeria4.27.62.63.44.13.14.14.54.6
    Middle-income countries3.73.73.94.54.42.0-2.92.12.4
    Excluding South Africa3.45.11.04.24.12.5-1.74.53.4
    Botswana3.04.80.84.33.51.8-4.97.03.4
    Cape Verde5.42.55.08.37.14.10.22.23.1
    Lesotho1.40.0-0.84.60.62.6-1.03.71.9
    Mauritius3.54.60.73.14.84.11.82.83.4
    Namibia4.410.40.75.23.52.4-1.63.54.0
    Seychelles5.6-2.57.06.119.1-1.50.43.74.6
    South Africa3.73.54.34.54.51.9-3.01.82.2
    Swaziland2.32.11.82.53.12.00.81.62.1
    Low-income countries3.73.04.03.83.93.72.12.53.8
    Excluding fragile countries4.53.94.84.84.74.42.62.94.2
    Benin0.9-0.3-0.40.91.82.2-0.30.00.8
    Burkina Faso2.91.36.13.11.22.80.92.12.4
    Ethiopia8.98.99.88.78.98.37.25.56.0
    Ghana3.53.03.23.83.14.61.52.47.2
    Kenya3.12.64.04.45.0-0.40.62.34.0
    Madagascar2.82.41.82.23.44.3-6.2-4.50.2
    Malawi3.93.30.55.63.76.65.43.94.1
    Mali2.20.03.72.92.02.62.12.83.0
    Mozambique5.46.66.54.25.24.64.24.45.4
    Niger1.9-3.85.22.60.35.4-4.20.32.0
    Rwanda6.65.97.57.33.38.92.03.23.7
    Senegal2.03.43.20.02.50.8-0.21.62.0
    Tanzania5.15.55.14.85.05.33.94.44.6
    Uganda4.73.42.97.24.95.23.52.12.4
    Zambia3.83.43.44.24.23.74.34.64.4
    Fragile countries0.3-0.40.8-0.10.40.60.10.91.9
    Including Zimbabwe-0.1-0.30.2-0.20.41.12.1
    Burundi1.82.8-1.13.11.52.51.41.82.4
    Central African Republic0.6-1.00.41.81.70.0-0.31.81.6
    Comoros-0.7-2.32.1-0.8-1.6-1.1-0.30.00.3
    Congo, Dem. Rep. of3.43.54.62.53.23.1-0.22.43.9
    Côte d’Ivoire-1.7-3.3-0.8-2.2-1.4-0.70.70.01.0
    Eritrea-5.2-2.8-1.4-7.1-1.9-12.60.5-1.3-0.3
    Gambia, The1.94.3-2.30.73.33.62.92.32.8
    Guinea0.80.41.00.4-0.42.6-2.70.51.3
    Guinea-Bissau0.50.62.6-0.1-2.01.30.80.51.3
    Liberia2.70.82.43.74.41.9-0.21.95.6
    São Tomé & Príncipe4.44.83.95.04.34.12.42.83.8
    Sierra Leone3.43.13.43.93.52.90.71.92.5
    Togo-0.3-0.3-1.41.1-0.6-0.30.50.71.0
    Zimbabwe1-8.8-3.7-3.7-18.95.75.94.5
    Sub-Saharan Africa4.35.04.24.34.93.20.32.83.3
    Median3.02.82.93.13.32.60.62.22.8
    Including Zimbabwe4.35.04.24.34.83.20.42.83.3
    Excluding Nigeria and South Africa4.74.84.84.55.44.00.92.63.5
    Oil-importing countries3.73.44.04.14.12.7-0.52.33.1
    Excluding South Africa3.63.33.63.83.83.41.72.83.7
    CFA franc zone2.04.52.20.21.81.50.01.31.7
    WAEMU0.8-0.62.00.50.71.40.21.01.7
    CEMAC3.39.62.4-0.23.01.6-0.31.51.6
    EAC-54.33.94.25.34.83.42.53.03.8
    SADC4.84.35.35.55.93.4-2.02.32.9
    SACU3.73.74.04.54.41.9-3.02.12.3
    COMESA4.74.34.75.25.33.92.82.94.0
    Resource-intensive countries4.97.24.04.05.53.71.53.53.7
    Oil5.68.24.74.56.24.22.03.63.9
    Non-oil resource-intensive countries1.11.70.31.41.21.1-1.62.72.2
    Non-resource-intensive countries3.93.64.34.44.42.9-0.42.33.1
    Coastal Non-resource-intensive countries3.63.54.04.14.42.2-1.61.92.9
    Landlocked Non-resource-intensive countries5.14.15.65.64.75.23.63.54.0
    MDRI4.03.64.24.23.84.52.42.83.8
    Fixed exchange rate regimes2.14.52.00.41.91.4-0.11.41.8
    Floating exchange rate4.85.14.75.15.53.60.43.03.6
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    In constant 2009 US dollars. The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA4.Real Per Capita GDP(U.S. dollars, at 2000 prices, using 2000 exchange rates)
    2004-0820042005200620072008200920102011
    Oil-exporting countries691634660686724752768796826
    Excluding Nigeria9598459029491,0241,0761,0641,0861,114
    Angola1,1328289701,1171,3061,4371,4051,4441,501
    Cameroon679679675678681682676677679
    Chad296293308301294286275279283
    Congo, Rep. of1,1701,1201,1731,2111,1581,1881,2411,3341,410
    Equatorial Guinea3,9233,4493,6793,6204,2724,5964,7044,6154,580
    Gabon4,0694,0304,0513,9984,1074,1574,0394,1614,308
    Nigeria596559574593617637663693725
    Middle-income countries3,4043,1453,2683,4123,5633,6333,5283,6003,685
    Excluding South Africa2,5542,4242,4452,5442,6492,7112,6642,7722,861
    Botswana4,3904,1794,2114,3914,5444,6244,3964,7034,863
    Cape Verde1,5861,3981,4671,5901,7031,7721,7761,8141,871
    Lesotho378367365381384394390404412
    Mauritius4,4994,2724,3034,4364,6474,8374,9235,0615,233
    Namibia2,6682,5242,5422,6742,7682,8352,7892,8873,001
    Seychelles9,5338,0958,6609,18610,94310,78310,83011,22611,746
    South Africa3,5643,2813,4223,5763,7363,8073,6913,7563,840
    Swaziland1,7221,6451,6741,7161,7691,8041,8191,8481,886
    Low-income countries277258267277287296302309320
    Excluding fragile countries298273285298312324332342355
    Benin350345343347353361359360363
    Burkina Faso278258273282285293296302309
    Ethiopia161134147160174189202213226
    Ghana318296306317327342347355381
    Kenya458424441460483481485496516
    Madagascar241229233239247257241231231
    Malawi160150151159165176186193201
    Mali298280291299305313320328338
    Mozambique345310331345363379395413435
    Niger178166174179179189181182186
    Rwanda298261280301311339345357370
    Senegal508490506506518523522530540
    Tanzania402363382400420443460480502
    Uganda320290299320336353366373382
    Zambia387359371387403418436456476
    Fragile countries219218219219219221221223227
    Including Zimbabwe
    Burundi109107105109110113115117120
    Central African Republic218214215218222222221225229
    Comoros372371379376370366365365366
    Congo, Dem. Rep. of9488929497100100103107
    Côte d’Ivoire541555551539531528532532537
    Eritrea169185182169166145146144143
    Gambia, The489486475478494512527539554
    Guinea391385389391389399389391396
    Guinea-Bissau284280287286281284287288292
    Liberia127119122126132134134137144
    São Tomé & Príncipe720660686720751782801824855
    Sierra Leone249232240249258265267272279
    Togo226227224227225225226227230
    Zimbabwe
    Sub-Saharan Africa640597617639664681679694713
    Median379363371381384394390404412
    Including Zimbabwe
    Excluding Nigeria and South Africa382353367381398412415425439
    Oil-importing countries621584601621642655645656670
    Excluding South Africa321301310320331341346354366
    CFA franc zone495483492492500507507513521
    WAEMU360353359360362367367371377
    CEMAC805781797797818830828840853
    EAC-5370338353371389402412424440
    SADC1,0659841,0221,0651,1131,1421,1131,1311,155
    SACU3,3863,1273,2513,3963,5433,6113,5013,5723,655
    COMESA250229238249262271276283293
    Resource-intensive countries686639659682714738749774802
    Oil691634660686724752768796826
    Non-oil resource-intensive countries668656658667676684675692707
    Non-resource-intensive countries624584603625647662652661676
    Coastal Non-resource-intensive countries1,1161,0441,0791,1181,1601,1821,1561,1721,199
    Landlocked Non-resource-intensive countries192173182192201211218225233
    MDRI275255265275285297303312323
    Fixed exchange rate regimes512500508510518524522528537
    Floating exchange rate671621644671700721718735757
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.
    Table SA5.Consumer Prices(Annual average, percent change)
    2004-0820042005200620072008200920102011
    Oil-exporting countries10.814.914.88.15.610.511.010.68.9
    Excluding Nigeria9.514.610.27.96.08.88.98.77.5
    Angola20.943.623.013.312.212.513.713.311.3
    Cameroon2.70.32.04.91.15.33.03.02.7
    Chad1.5-4.83.77.7-7.48.310.16.03.0
    Congo, Rep. of3.93.72.54.72.66.04.35.24.5
    Equatorial Guinea4.34.25.74.52.84.37.28.07.1
    Gabon2.10.41.2-1.45.05.32.13.03.5
    Nigeria11.615.017.98.25.411.612.411.99.8
    Middle-income countries5.91.93.65.17.111.57.15.55.7
    Excluding South Africa7.75.25.58.37.411.87.25.25.0
    Botswana9.47.08.611.67.112.68.16.76.3
    Cape Verde2.9-1.90.44.84.46.81.01.82.0
    Lesotho6.75.03.46.18.010.77.26.36.0
    Mauritius7.44.74.99.08.89.72.52.52.6
    Namibia5.64.12.35.16.710.09.16.55.9
    Seychelles9.03.90.6-1.95.337.031.8-2.42.5
    South Africa5.61.43.44.77.111.57.15.65.8
    Swaziland7.03.44.85.38.213.17.66.25.6
    Low-income countries9.06.98.97.97.813.413.56.46.2
    Excluding fragile countries8.97.28.37.67.613.713.75.66.0
    Benin3.90.95.43.81.38.02.22.82.8
    Burkina Faso3.8-0.46.42.4-0.210.72.62.32.0
    Ethiopia13.88.66.812.315.825.336.42.89.0
    Ghana13.012.615.110.210.716.519.310.68.8
    Kenya9.611.89.96.04.316.29.34.15.0
    Madagascar12.514.018.410.810.49.29.09.08.8
    Malawi11.511.415.513.97.98.78.48.08.0
    Mali3.1-3.16.41.51.59.12.22.12.6
    Mozambique10.212.66.413.28.210.33.39.35.6
    Niger3.80.47.80.10.110.51.13.42.0
    Rwanda10.912.09.18.89.115.410.46.46.5
    Senegal3.20.51.72.15.95.8-1.70.92.1
    Tanzania6.64.14.47.37.010.312.17.25.0
    Uganda6.75.08.06.66.87.314.29.45.5
    Zambia13.718.018.39.010.712.413.48.27.5
    Fragile countries9.45.711.69.18.512.212.610.17.5
    Including Zimbabwe12.49.97.5
    Burundi11.48.013.52.78.324.410.77.28.4
    Central African Republic3.5-2.22.96.70.99.33.51.42.4
    Comoros4.04.53.03.44.54.84.82.62.9
    Congo, Dem. Rep. of14.74.021.413.216.718.046.226.213.5
    Côte d’Ivoire3.21.53.92.51.96.31.01.42.5
    Eritrea16.425.112.515.19.319.934.720.515.0
    Gambia, The6.214.35.02.15.44.54.63.95.0
    Guinea25.017.531.434.722.918.44.715.416.5
    Guinea-Bissau4.00.83.30.74.610.4-1.61.52.5
    Liberia9.83.66.97.213.717.57.47.24.3
    São Tomé & Príncipe19.512.817.223.118.526.017.012.37.4
    Sierra Leone12.514.212.09.511.614.89.216.58.2
    Togo3.80.46.82.20.98.71.92.22.0
    Zimbabwe6.54.77.8
    Sub-Saharan Africa8.37.58.86.96.811.710.47.57.0
    Median6.84.26.46.16.810.47.46.25.5
    Including Zimbabwe10.47.57.0
    Excluding Nigeria and South Africa8.98.78.97.97.211.911.66.96.5
    Oil-importing countries7.24.16.06.47.412.410.15.96.0
    Excluding South Africa8.86.68.58.07.713.212.76.26.1
    CFA franc zone3.10.43.73.11.56.82.93.23.1
    WAEMU3.40.34.72.22.07.91.01.92.3
    CEMAC2.80.42.74.11.05.74.84.63.9
    EAC-58.17.77.76.76.112.311.46.55.3
    SADC7.86.06.56.88.111.69.27.46.8
    SACU5.81.83.65.07.111.57.25.75.8
    COMESA10.99.010.29.29.816.319.66.77.3
    Resource-intensive countries10.313.413.88.35.810.510.110.08.5
    Oil10.814.914.88.15.610.511.010.68.9
    Non-oil resource-intensive countries8.15.88.39.26.910.55.06.05.9
    Non-resource-intensive countries7.13.85.76.17.512.510.45.96.0
    Coastal Non-resource-intensive countries6.53.54.95.56.911.67.65.75.6
    Landlocked Non-resource-intensive countries9.55.19.08.39.415.820.46.57.0
    MDRI8.25.47.77.77.712.414.16.56.1
    Fixed exchange rate regimes3.61.13.83.52.27.43.73.73.5
    Floating exchange rate9.49.09.97.77.812.611.88.37.7
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.
    Table SA6.Total Investment(Percent of GDP)
    2004-0820042005200620072008200920102011
    Oil-exporting countries21.421.720.721.121.522.025.324.722.5
    Excluding Nigeria18.819.117.518.819.619.121.319.718.3
    Angola11.69.18.111.313.716.014.814.511.0
    Cameroon18.118.919.116.817.618.116.617.317.7
    Chad25.724.320.232.626.624.833.939.634.7
    Congo, Rep. of23.622.522.424.826.422.124.623.724.4
    Equatorial Guinea35.443.739.932.535.325.946.726.132.8
    Gabon23.724.421.325.124.923.122.926.126.1
    Nigeria23.123.322.822.622.824.028.027.925.1
    Middle-income countries20.519.118.620.221.722.920.123.022.5
    Excluding South Africa25.826.323.523.925.329.726.229.428.2
    Botswana28.333.226.324.025.832.424.028.226.1
    Cape Verde42.539.536.038.047.052.044.749.645.8
    Lesotho26.324.623.924.827.830.433.239.343.3
    Mauritius25.524.422.526.626.827.127.629.028.5
    Namibia22.719.119.722.323.729.028.731.429.2
    Seychelles30.118.934.328.129.140.129.345.447.3
    South Africa19.818.118.019.721.322.019.322.121.8
    Swaziland15.015.515.814.614.015.315.914.914.6
    Low-income countries21.519.520.621.022.623.522.923.524.3
    Excluding fragile countries23.421.122.423.124.925.624.925.125.3
    Benin19.018.518.617.220.520.024.122.723.5
    Burkina Faso18.716.220.316.419.620.918.520.820.1
    Ethiopia24.726.223.825.225.822.522.422.024.2
    Ghana31.528.128.930.433.836.233.134.032.4
    Kenya17.714.416.917.919.120.320.920.517.9
    Madagascar28.825.823.825.028.340.932.426.927.9
    Malawi24.018.222.725.727.026.324.924.824.6
    Mali16.616.515.517.016.917.216.218.019.1
    Mozambique17.418.618.717.716.115.721.025.226.0
    Niger22.714.623.123.623.029.237.038.838.8
    Rwanda20.919.920.919.720.223.521.423.022.7
    Senegal30.226.028.528.234.034.128.228.829.5
    Tanzania26.922.625.127.629.629.829.029.830.0
    Uganda22.120.222.421.223.723.024.223.624.4
    Zambia22.724.923.722.122.020.823.523.824.1
    Fragile countries13.413.413.412.712.914.313.916.319.5
    Including Zimbabwe
    Burundi15.413.310.816.317.519.420.821.922.1
    Central African Republic9.76.89.810.110.011.611.611.912.7
    Comoros10.79.49.39.611.214.312.416.617.5
    Congo, Dem. Rep. of16.012.813.813.218.222.019.430.540.3
    Côte d’Ivoire9.710.89.79.38.710.110.29.511.0
    Eritrea15.920.320.313.712.712.79.112.310.3
    Gambia, The20.524.221.923.918.414.018.215.916.2
    Guinea17.020.719.517.214.213.213.010.011.2
    Guinea-Bissau12.912.613.911.513.712.615.516.316.7
    Liberia
    São Tomé & Príncipe35.841.635.039.831.431.048.652.643.1
    Sierra Leone14.310.817.415.213.214.814.916.419.1
    Togo14.814.516.316.113.813.314.515.215.9
    Zimbabwe
    Sub-Saharan Africa21.120.119.920.721.922.822.823.823.1
    Median21.119.520.621.621.622.022.723.624.3
    Including Zimbabwe
    Excluding Nigeria and South Africa21.120.120.020.722.022.822.722.923.0
    Oil-importing countries20.919.319.520.622.123.221.423.223.4
    Excluding South Africa22.020.421.021.423.024.323.324.224.8
    CFA franc zone20.720.420.420.521.520.823.022.122.9
    WAEMU18.016.317.817.118.819.919.420.020.7
    CEMAC23.424.523.023.924.221.726.724.125.0
    EAC-521.818.620.821.823.524.224.324.523.9
    SADC20.018.418.019.621.222.720.422.722.2
    SACU20.318.918.419.921.522.619.822.722.2
    COMESA21.619.920.421.222.823.722.923.324.3
    Resource-intensive countries20.921.420.220.420.821.824.223.921.9
    Oil21.421.720.721.121.522.025.324.722.5
    Non-oil resource-intensive countries18.319.717.516.817.020.317.518.618.5
    Non-resource-intensive countries21.219.219.721.022.723.521.823.723.9
    Coastal Non-resource-intensive countries21.219.119.521.022.723.821.723.723.4
    Landlocked Non-resource-intensive countries21.119.720.520.822.422.322.223.625.5
    MDRI23.121.322.222.524.425.024.225.026.1
    Fixed exchange rate regimes20.620.220.320.321.321.123.122.423.0
    Floating exchange rate21.220.119.820.822.023.122.724.023.1
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.
    Table SA7.Gross National Savings(Percent of GDP)
    2004-0820042005200620072008200920102011
    Oil-exporting countries32.824.428.042.335.833.531.432.329.2
    Excluding Nigeria25.216.925.831.627.224.315.218.817.1
    Angola25.412.624.836.529.323.69.816.112.3
    Cameroon16.916.916.618.916.415.813.913.413.7
    Chad16.06.922.623.616.011.10.17.59.3
    Congo, Rep. of21.415.024.426.618.222.616.927.932.3
    Equatorial Guinea34.022.133.639.539.634.930.723.321.2
    Gabon41.335.544.240.641.644.237.339.338.3
    Nigeria37.828.929.349.241.639.842.141.036.9
    Middle-income countries16.316.716.116.316.116.416.118.516.7
    Excluding South Africa29.228.228.230.531.327.721.723.221.9
    Botswana39.036.241.441.240.335.921.927.926.8
    Cape Verde32.325.132.532.632.339.134.931.027.6
    Lesotho33.121.821.333.245.243.836.520.824.4
    Mauritius19.022.617.417.121.216.719.819.619.5
    Namibia30.226.024.436.132.931.727.028.823.1
    Seychelles7.212.914.614.26.0-11.7-5.86.011.9
    South Africa14.615.014.514.414.114.915.317.816.0
    Swaziland13.019.911.87.214.711.29.72.32.3
    Low-income countries15.516.415.415.215.914.516.316.316.2
    Excluding fragile countries16.817.616.716.117.516.017.517.517.0
    Benin11.711.612.412.110.412.015.513.114.5
    Burkina Faso8.35.28.77.311.39.212.114.412.0
    Ethiopia21.124.620.018.123.519.319.720.117.8
    Ghana20.924.220.720.521.817.328.022.423.3
    Kenya15.317.216.215.515.312.514.113.810.5
    Madagascar16.416.613.216.215.620.411.712.420.7
    Malawi14.87.07.317.725.416.416.823.123.0
    Mali8.48.67.013.09.24.36.610.09.8
    Mozambique7.28.58.47.67.24.49.512.013.7
    Niger13.57.314.215.014.816.313.213.616.6
    Rwanda19.121.821.915.418.018.614.115.414.2
    Senegal19.919.119.518.722.219.819.520.120.4
    Tanzania18.119.219.617.315.219.020.121.321.4
    Uganda19.720.221.017.819.719.720.217.215.3
    Zambia16.313.715.223.315.413.720.321.420.3
    Fragile countries10.111.910.111.39.27.910.910.912.8
    Including Zimbabwe
    Burundi5.04.99.61.81.87.16.212.911.4
    Central African Republic4.15.13.27.13.81.33.84.34.5
    Comoros3.54.81.92.94.93.24.57.74.9
    Congo, Dem. Rep. of9.19.51.511.317.16.19.39.918.7
    Côte d’Ivoire10.912.410.012.18.012.117.416.514.3
    Eritrea12.718.920.810.26.47.24.211.016.9
    Gambia, The9.817.28.213.68.71.37.74.75.4
    Guinea12.518.019.115.05.44.82.90.32.2
    Guinea-Bissau7.510.19.5-0.29.18.911.013.813.9
    Liberia
    São Tomé & Príncipe9.524.824.811.0-6.6-6.620.623.56.5
    Sierra Leone7.24.810.29.77.73.36.67.09.6
    Togo12.211.621.613.17.66.97.57.49.0
    Zimbabwe
    Sub-Saharan Africa21.519.119.724.422.621.621.422.621.0
    Median15.816.817.015.415.414.314.114.914.9
    Including Zimbabwe
    Excluding Nigeria and South Africa19.417.719.421.020.518.516.417.616.9
    Oil-importing countries15.916.615.815.816.015.516.217.416.5
    Excluding South Africa17.218.017.017.117.916.116.917.116.9
    CFA franc zone18.215.319.020.018.518.217.017.817.8
    WAEMU12.211.612.312.812.112.114.514.914.4
    CEMAC24.319.125.827.324.924.319.520.821.2
    EAC-517.218.518.516.316.116.517.417.215.5
    SADC17.015.916.418.217.617.015.117.916.6
    SACU16.216.516.016.216.016.416.018.416.6
    COMESA17.018.616.015.918.715.816.016.215.8
    Resource-intensive countries31.224.027.139.633.631.729.630.527.7
    Oil32.824.428.042.335.833.531.432.329.2
    Non-oil resource-intensive countries22.121.722.324.521.220.917.919.317.6
    Non-resource-intensive countries15.416.015.115.015.615.116.117.316.4
    Coastal Non-resource-intensive countries15.216.015.314.914.715.016.117.616.5
    Landlocked Non-resource-intensive countries16.016.214.515.118.915.416.016.315.9
    MDRI16.516.716.016.417.315.816.817.317.9
    Fixed exchange rate regimes18.716.119.120.519.218.817.318.017.7
    Floating exchange rate22.119.819.925.323.322.122.223.521.6
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.
    Table SA8.Overall Fiscal Balance, Including Grants(Percent of GDP)
    2004-0820042005200620072008200920102011
    Oil-exporting countries7.15.88.711.43.36.1-7.6-3.3-0.9
    Excluding Nigeria9.61.97.818.410.29.8-3.43.94.3
    Angola8.4-0.47.314.811.38.9-8.62.73.3
    Cameroon8.5-0.73.233.14.52.3-0.1-2.1-1.8
    Chad5.7-1.61.07.49.512.25.83.69.2
    Congo, Rep. of13.53.614.616.49.423.54.924.728.5
    Equatorial Guinea18.212.320.623.519.315.4-8.03.4-3.9
    Gabon9.27.68.79.28.711.77.56.37.4
    Nigeria5.38.19.37.0-1.33.5-10.3-7.9-4.3
    Middle-income countries0.3-1.20.31.31.5-0.4-5.4-6.1-4.9
    Excluding South Africa2.2-1.12.15.44.00.4-6.3-7.6-7.1
    Botswana3.8-0.16.310.15.9-3.0-11.8-8.1-5.2
    Cape Verde-3.6-3.8-6.6-5.3-0.8-1.3-6.4-13.0-11.0
    Lesotho7.76.25.213.610.53.1-1.7-15.2-18.2
    Mauritius0.5-0.7-0.30.10.13.5-3.4-4.1-4.8
    Namibia0.9-3.7-1.02.24.42.6-1.7-7.0-8.5
    Seychelles-2.4-0.91.7-6.2-8.72.35.0-0.31.9
    South Africa0.1-1.20.00.81.2-0.5-5.3-5.9-4.6
    Swaziland1.8-4.2-2.67.47.51.0-6.6-12.7-14.8
    Low-income countries-2.2-2.8-3.51.4-2.4-3.8-3.8-3.9-4.4
    Excluding fragile countries-2.1-2.6-3.12.2-3.0-4.1-4.4-4.1-4.3
    Benin-0.7-1.1-2.3-0.20.3-0.1-3.2-2.6-3.4
    Burkina Faso-0.9-4.7-5.515.5-5.6-4.1-4.7-4.6-3.7
    Ethiopia-3.4-2.7-4.2-3.8-3.6-2.9-0.9-1.5-2.5
    Ghana-8.2-5.0-4.6-7.5-9.2-14.7-9.8-10.8-7.4
    Kenya-2.20.0-1.7-2.5-2.8-3.9-5.3-6.6-5.1
    Madagascar4.4-6.2-4.837.6-2.7-1.9-3.1-0.9-5.1
    Malawi-2.6-4.8-1.32.9-4.5-5.2-5.80.3-0.6
    Mali5.5-0.8-1.132.3-2.3-0.50.61.0-2.8
    Mozambique-3.3-4.4-2.8-4.1-2.9-2.5-5.6-5.4-6.9
    Niger7.1-3.5-2.040.3-1.01.5-5.3-3.0-2.7
    Rwanda0.20.90.90.2-1.71.0-2.31.6-0.7
    Senegal-3.8-2.3-2.8-5.4-3.8-4.7-5.2-4.5-4.8
    Tanzania-3.6-3.2-5.2-4.40.0-5.1-7.5-6.4-6.1
    Uganda-1.4-1.2-0.6-0.9-1.3-3.0-2.1-2.5-3.1
    Zambia2.4-2.9-2.820.2-1.3-1.5-3.2-2.7-3.2
    Fragile countries-2.6-3.7-4.8-2.10.0-2.4-1.4-2.8-4.5
    Including Zimbabwe-2.5-5.0-2.2-0.2-2.5-1.5-2.8-4.5
    Burundi-2.2-4.9-5.1-1.41.0-0.760.1-3.1-3.9
    Central African Republic0.5-2.2-4.59.01.2-1.01.1-0.7-1.7
    Comoros-1.7-1.70.1-2.6-2.0-2.50.84.9-1.8
    Congo, Dem. Rep. of-4.4-5.0-10.3-1.2-2.5-3.0-4.2-3.5-9.5
    Côte d’Ivoire-1.3-1.7-1.7-1.8-0.8-0.6-1.6-0.2-2.6
    Eritrea-17.9-16.6-22.2-14.1-15.7-21.1-14.7-14.6-12.9
    Gambia, The-3.1-4.1-5.8-5.10.5-1.3-2.9-2.8-2.5
    Guinea-2.2-5.4-1.6-3.10.3-1.3-7.2-5.3-1.7
    Guinea-Bissau-5.6-7.6-6.0-4.6-5.8-3.82.8-1.2-1.3
    Liberia-0.60.00.06.03.9-12.9-12.3-10.1-1.8
    São Tomé & Príncipe28.6-16.737.1-13.8121.614.9-19.1-14.63.8
    Sierra Leone2.8-3.2-1.9-2.225.8-4.7-3.2-4.8-5.0
    Togo-1.81.0-3.4-3.8-1.9-0.9-2.8-2.9-2.1
    Zimbabwe1-5.1-9.6-3.6-4.1-3.1-2.7-1.9-2.7
    Sub-Saharan Africa1.80.61.94.60.90.8-5.7-4.4-3.3
    Median-1.1-2.2-1.70.1-0.8-1.0-3.2-3.0-3.2
    Including Zimbabwe2.01.84.60.90.8-5.7-4.4-3.3
    Excluding Nigeria and South Africa1.4-1.40.06.31.70.4-3.9-2.0-2.2
    Oil-importing countries-0.9-1.9-1.51.3-0.3-1.9-4.6-5.0-4.6
    Excluding South Africa-1.7-2.6-2.81.8-1.6-3.3-4.1-4.3-4.7
    CFA franc zone5.00.52.514.23.44.3-0.91.30.9
    WAEMU-0.2-2.2-2.67.8-2.3-1.7-2.9-2.1-3.3
    CEMAC10.23.17.720.79.110.31.14.85.1
    EAC-5-2.3-1.4-2.5-2.6-1.5-3.7-3.9-5.0-4.7
    SADC0.8-1.60.03.12.20.3-5.9-4.6-3.9
    SACU0.3-1.20.31.41.6-0.5-5.5-6.2-4.9
    COMESA-2.0-2.4-3.41.1-2.6-2.7-2.4-3.2-4.2
    Resource-intensive countries6.14.67.410.03.35.1-7.3-3.4-1.3
    Oil7.15.88.711.43.36.1-7.6-3.3-0.9
    Non-oil resource-intensive countries0.6-2.00.72.13.4-1.1-5.2-4.3-4.3
    Non-resource-intensive countries-0.9-1.9-1.61.3-0.6-1.9-4.5-5.1-4.7
    Coastal Non-resource-intensive countries-0.9-1.7-1.10.3-0.1-1.8-5.5-5.9-4.9
    Landlocked Non-resource-intensive countries-1.2-2.6-3.65.0-2.4-2.3-1.5-2.2-3.7
    MDRI-0.5-2.7-2.46.4-1.4-2.5-3.0-2.5-3.0
    Fixed exchange rate regimes4.3-0.11.912.93.33.7-1.30.2-0.3
    Floating exchange rate1.20.81.92.90.40.2-6.5-5.4-3.9
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA9.Overall Fiscal Balance, Excluding Grants(Percent of GDP)
    2004-0820042005200620072008200920102011
    Oil-exporting countries6.55.68.59.03.25.9-7.8-3.4-1.0
    Excluding Nigeria8.01.47.312.19.89.5-3.93.64.0
    Angola8.3-0.87.114.811.38.9-8.62.73.3
    Cameroon2.4-0.83.04.73.31.5-0.9-3.0-2.5
    Chad3.5-4.6-2.45.58.110.72.22.16.8
    Congo, Rep. of13.23.314.516.39.122.84.624.227.8
    Equatorial Guinea18.212.320.623.519.315.4-8.03.4-3.9
    Gabon9.27.58.79.28.711.77.56.37.3
    Nigeria5.38.19.37.0-1.33.5-10.3-7.9-4.3
    Middle-income countries0.2-1.30.21.31.5-0.5-5.5-6.3-5.0
    Excluding South Africa1.5-1.81.54.83.5-0.5-7.3-8.6-8.2
    Botswana3.3-0.76.09.55.2-3.7-12.7-8.5-5.5
    Cape Verde-10.0-12.8-13.1-11.3-6.0-6.9-11.9-19.3-15.9
    Lesotho5.93.33.012.59.11.5-5.5-22.1-28.3
    Mauritius0.2-1.0-0.6-0.1-0.12.5-4.4-4.7-5.7
    Namibia0.8-3.9-1.12.14.32.5-2.0-7.3-8.8
    Seychelles-3.6-1.00.7-7.6-9.0-1.01.6-3.5-0.3
    South Africa0.1-1.20.00.81.2-0.5-5.3-5.9-4.6
    Swaziland1.1-5.0-3.66.57.00.5-7.1-13.3-15.5
    Low-income countries-7.6-7.6-7.9-7.6-7.3-7.8-8.4-8.4-8.7
    Excluding fragile countries-8.0-7.8-7.9-8.0-8.1-8.3-8.6-8.4-8.6
    Benin-3.0-3.7-4.3-2.5-2.6-1.8-6.4-6.0-6.6
    Burkina Faso-10.2-9.3-10.1-11.2-12.1-8.1-10.5-10.8-9.9
    Ethiopia-7.6-7.3-8.4-7.4-8.0-6.9-5.2-4.7-6.5
    Ghana-13.8-11.3-9.9-13.0-15.3-19.4-14.9-15.3-11.3
    Kenya-3.3-1.2-3.0-3.6-4.0-5.0-6.2-7.5-6.1
    Madagascar-9.5-14.4-10.5-10.3-7.0-5.4-4.2-1.5-7.5
    Malawi-15.5-15.1-13.4-14.4-17.9-17.1-14.9-10.9-11.8
    Mali-5.5-4.7-5.1-6.6-7.0-3.9-3.5-2.9-6.6
    Mozambique-11.3-11.7-8.8-12.0-12.2-11.9-15.2-15.0-17.1
    Niger-7.6-9.3-9.5-6.8-8.1-4.4-9.8-9.4-8.8
    Rwanda-10.1-9.2-10.8-9.6-10.7-10.0-13.1-12.1-12.0
    Senegal-5.8-4.4-4.4-6.9-6.4-7.1-8.3-6.9-7.0
    Tanzania-9.9-10.6-11.0-9.7-7.6-10.5-12.4-12.7-11.8
    Uganda-7.0-9.0-8.1-6.3-5.8-5.7-5.4-5.0-5.2
    Zambia-6.8-8.4-8.4-6.3-5.8-5.2-7.3-5.5-5.3
    Fragile countries-6.0-6.7-8.0-5.9-4.0-5.5-7.4-8.3-9.3
    Including Zimbabwe-5.8-8.1-5.8-4.0-5.4-7.3-8.1-9.1
    Burundi-20.2-19.7-16.8-19.3-19.8-25.6-20.7-31.1-28.2
    Central African Republic-5.5-5.6-8.7-4.4-2.9-5.8-4.2-6.4-6.3
    Comoros-7.8-4.5-4.2-7.6-9.7-13.0-8.8-8.8-8.9
    Congo, Dem. Rep. of-8.1-7.0-15.5-7.9-4.8-5.3-11.7-15.4-19.4
    Côte d’Ivoire-2.3-2.6-2.8-2.4-1.3-2.3-2.2-1.2-2.9
    Eritrea-24.8-31.7-31.5-18.2-18.8-24.0-17.2-21.1-17.4
    Gambia, The-4.6-7.2-7.1-6.0-0.4-2.4-6.4-5.2-4.9
    Guinea-3.2-6.5-2.3-4.6-0.5-1.8-7.6-5.8-2.8
    Guinea-Bissau-13.1-16.3-12.5-10.8-14.0-11.9-12.9-11.7-12.2
    Liberia-0.9-0.30.05.83.7-13.6-15.5-13.8-6.3
    São Tomé & Príncipe-12.2-35.820.0-29.70.2-15.5-34.2-35.1-11.1
    Sierra Leone-10.0-12.2-11.9-10.4-6.3-9.2-11.1-11.5-12.7
    Togo-3.10.2-4.6-5.2-3.6-2.3-4.4-5.4-6.4
    Zimbabwe1-5.1-9.6-3.6-4.1-3.1-3.6-2.0-3.0
    Sub-Saharan Africa-0.1-0.90.41.1-0.6-0.5-7.2-5.9-4.8
    Median-4.9-5.0-4.4-6.3-4.0-5.0-7.6-7.3-6.6
    Including Zimbabwe0.10.41.1-0.6-0.5-7.2-5.9-4.8
    Excluding Nigeria and South Africa-2.5-4.7-3.0-1.2-1.5-2.2-7.0-5.0-5.1
    Oil-importing countries-3.3-4.1-3.5-2.7-2.5-3.8-6.9-7.2-6.8
    Excluding South Africa-6.5-6.8-6.7-6.0-5.9-6.9-8.2-8.3-8.6
    CFA franc zone1.1-1.20.81.91.32.5-2.9-0.7-1.0
    WAEMU-5.2-4.8-5.4-5.7-5.6-4.5-6.0-5.4-6.4
    CEMAC7.42.57.09.78.39.50.24.14.4
    EAC-5-7.0-6.7-7.4-6.8-6.2-7.7-8.8-9.4-8.6
    SADC-0.5-2.8-1.01.01.1-0.7-6.9-5.9-5.2
    SACU0.3-1.30.21.41.6-0.5-5.6-6.3-5.0
    COMESA-6.8-7.1-7.9-6.5-6.4-6.2-6.9-7.2-8.2
    Resource-intensive countries5.44.27.17.82.94.8-7.6-3.6-1.6
    Oil6.55.68.59.03.25.9-7.8-3.4-1.0
    Non-oil resource-intensive countries-0.6-3.1-0.41.21.3-2.3-6.2-5.3-5.0
    Non-resource-intensive countries-3.5-4.1-3.7-3.0-2.8-3.9-6.9-7.4-6.9
    Coastal Non-resource-intensive countries-2.3-3.1-2.2-1.9-1.5-3.0-6.7-7.2-6.3
    Landlocked Non-resource-intensive countries-7.8-8.1-9.3-7.3-7.6-6.9-7.5-7.8-9.2
    MDRI-7.0-7.7-7.1-6.6-6.8-6.7-8.0-7.3-7.7
    Fixed exchange rate regimes0.7-1.90.11.91.42.0-3.3-1.8-2.3
    Floating exchange rate-0.3-0.70.50.9-1.0-1.0-8.0-6.7-5.3
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA10.Government Revenue, Excluding Grants(Percent of GDP)
    2004-0820042005200620072008200920102011
    Oil-exporting countries33.832.335.134.631.435.723.528.328.4
    Excluding Nigeria33.827.230.635.735.839.828.932.132.1
    Angola44.237.540.446.445.850.930.838.437.5
    Cameroon18.215.217.619.319.120.017.616.616.5
    Chad16.88.59.416.922.826.423.423.224.1
    Congo, Rep. of39.730.038.644.339.146.629.244.948.4
    Equatorial Guinea36.129.834.740.838.337.041.030.529.6
    Gabon30.930.131.331.729.631.932.429.729.3
    Nigeria33.735.437.933.928.432.819.925.826.0
    Middle-income countries28.025.927.528.428.829.627.927.427.7
    Excluding South Africa31.830.332.233.432.330.830.828.627.1
    Botswana36.936.640.139.236.632.132.733.733.9
    Cape Verde25.722.824.325.627.328.323.825.224.1
    Lesotho57.951.152.861.761.962.363.245.639.2
    Mauritius18.718.618.918.617.719.921.320.819.8
    Namibia28.925.627.329.431.730.629.425.321.3
    Seychelles37.941.641.142.032.232.435.430.331.0
    South Africa27.525.326.827.728.429.427.527.227.8
    Swaziland36.230.432.340.039.339.236.826.923.1
    Low-income countries16.415.916.016.416.917.016.917.817.9
    Excluding fragile countries16.516.216.116.517.017.016.817.717.8
    Benin18.116.716.816.820.619.418.417.819.0
    Burkina Faso13.013.512.712.413.513.113.613.914.8
    Ethiopia14.016.114.614.812.712.012.013.413.4
    Ghana22.422.421.821.922.723.022.725.524.0
    Kenya21.621.421.221.122.022.122.823.024.1
    Madagascar11.812.010.911.211.713.311.110.58.4
    Malawi18.816.819.217.719.420.922.325.325.5
    Mali18.319.019.618.317.517.320.521.918.2
    Mozambique14.813.114.115.015.916.017.818.819.4
    Niger13.711.410.613.015.018.414.614.615.1
    Rwanda12.812.212.512.112.314.912.812.813.3
    Senegal19.518.319.219.721.119.418.619.319.6
    Tanzania15.212.713.315.317.417.317.017.718.0
    Uganda12.210.912.212.512.612.812.512.713.3
    Zambia18.018.217.617.218.418.616.017.218.1
    Fragile countries16.014.715.416.016.717.317.018.418.3
    Including Zimbabwe16.015.515.716.116.717.119.118.9
    Burundi19.220.120.018.918.618.518.618.318.8
    Central African Republic9.48.38.29.510.310.410.810.610.7
    Comoros14.115.615.713.612.713.113.914.314.2
    Congo, Dem. Rep. of13.49.511.412.814.718.516.819.219.4
    Côte d’Ivoire18.217.517.018.419.218.918.921.019.8
    Eritrea22.323.225.923.021.218.213.113.013.7
    Gambia, The15.514.514.516.216.915.215.114.314.6
    Guinea14.111.514.514.414.315.616.516.617.6
    Guinea-Bissau8.98.48.99.88.09.19.010.910.5
    Liberia19.114.614.218.923.624.126.727.128.8
    São Tomé & Príncipe32.116.964.020.940.517.917.218.031.6
    Sierra Leone12.012.612.612.211.311.511.813.013.5
    Togo16.416.815.716.916.915.617.017.117.8
    Zimbabwe19.018.310.54.03.320.234.033.0
    Sub-Saharan Africa26.425.026.526.826.127.823.024.724.9
    Median18.216.917.618.419.218.918.619.219.4
    Including Zimbabwe26.726.426.726.027.823.024.824.9
    Excluding Nigeria and South Africa22.620.221.423.123.524.621.422.822.7
    Oil-importing countries22.821.422.322.923.423.822.722.923.0
    Excluding South Africa18.317.818.118.518.718.618.519.219.0
    CFA franc zone21.318.620.122.122.523.422.122.322.3
    WAEMU17.116.516.416.918.017.617.618.518.1
    CEMAC25.620.823.827.427.029.126.726.026.5
    EAC-516.915.816.216.817.817.917.818.118.8
    SADC27.724.926.528.128.830.326.527.327.5
    SACU28.326.127.728.729.229.828.127.627.9
    COMESA16.616.616.716.716.316.716.617.317.4
    Resource-intensive countries32.430.933.533.230.534.023.527.827.8
    Oil33.832.335.134.631.435.723.528.328.4
    Non-oil resource-intensive countries24.523.324.725.425.323.923.724.423.6
    Non-resource-intensive countries22.621.222.122.723.223.822.622.722.9
    Coastal Non-resource-intensive countries24.522.823.924.625.426.124.724.725.1
    Landlocked Non-resource-intensive countries15.315.015.215.515.115.515.516.316.0
    MDRI16.615.416.116.817.017.516.417.817.9
    Fixed exchange rate regimes22.419.721.123.323.724.423.222.722.3
    Floating exchange rate27.326.127.627.526.628.522.925.125.3
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA11.Government Expenditure(Percent of GDP)
    2004-0820042005200620072008200920102011
    Oil-exporting countries27.426.726.625.628.229.731.331.729.4
    Excluding Nigeria25.825.723.223.626.030.332.828.628.1
    Angola36.038.333.331.634.542.039.535.734.2
    Cameroon15.916.014.614.515.718.518.419.519.0
    Chad13.313.111.711.414.715.721.221.117.3
    Congo, Rep. of26.526.724.228.030.023.824.620.720.5
    Equatorial Guinea17.917.514.117.319.021.649.027.133.6
    Gabon21.822.622.722.520.920.224.923.422.0
    Nigeria28.427.228.726.929.729.330.333.830.3
    Middle-income countries27.827.227.327.127.430.033.433.632.7
    Excluding South Africa30.332.130.728.628.831.338.237.235.3
    Botswana33.637.234.129.731.435.845.442.239.4
    Cape Verde35.735.637.536.933.335.135.744.540.0
    Lesotho52.147.849.849.252.860.768.767.767.4
    Mauritius18.619.719.418.717.717.325.625.525.6
    Namibia28.129.428.427.327.328.131.332.630.1
    Seychelles41.442.640.449.641.233.433.833.831.3
    South Africa27.526.526.826.927.229.932.833.232.4
    Swaziland35.235.535.933.432.338.743.840.238.6
    Low-income countries24.123.523.924.024.224.825.326.226.6
    Excluding fragile countries24.624.024.024.525.125.325.426.026.4
    Benin21.120.421.219.323.321.224.823.825.6
    Burkina Faso23.222.822.723.625.621.224.124.824.7
    Ethiopia21.623.423.122.220.718.917.218.119.8
    Ghana36.133.731.734.938.142.437.640.835.4
    Kenya24.922.624.224.626.027.129.030.530.2
    Madagascar21.326.521.421.518.718.615.312.016.0
    Malawi34.431.932.632.137.338.037.236.237.3
    Mali23.823.824.624.924.521.223.924.824.8
    Mozambique26.124.822.927.028.127.932.933.836.5
    Niger21.320.720.219.823.122.824.424.023.9
    Rwanda22.921.323.421.723.124.825.925.025.3
    Senegal25.422.723.626.627.526.426.926.226.6
    Tanzania25.023.224.324.924.927.929.530.329.8
    Uganda19.119.820.218.718.418.617.917.818.6
    Zambia24.826.626.123.524.323.823.222.623.4
    Fragile countries22.021.423.422.020.722.724.426.727.6
    Including Zimbabwe21.823.721.520.022.124.427.128.0
    Burundi39.539.836.838.138.544.139.349.447.0
    Central African Republic14.813.916.913.913.216.215.017.017.0
    Comoros21.920.119.921.222.326.022.823.223.1
    Congo, Dem. Rep. of21.516.626.920.719.523.828.534.638.8
    Côte d’Ivoire20.520.119.920.820.521.121.122.222.7
    Eritrea47.154.857.541.239.942.130.434.131.0
    Gambia, The20.121.721.622.217.317.621.519.519.5
    Guinea17.217.916.919.014.817.524.122.420.4
    Guinea-Bissau22.024.721.420.622.021.021.822.622.7
    Liberia20.014.814.213.020.037.742.340.835.1
    São Tomé & Príncipe44.252.744.050.740.333.551.453.142.7
    Sierra Leone22.124.824.522.717.620.722.924.526.2
    Togo19.516.620.322.120.417.921.422.524.2
    Zimbabwe114.127.914.18.26.423.836.036.0
    Sub-Saharan Africa26.525.926.025.726.728.430.230.629.6
    Median23.723.423.623.524.323.825.925.526.2
    Including Zimbabwe26.726.025.726.728.330.130.729.7
    Excluding Nigeria and South Africa25.124.924.424.225.026.828.427.827.8
    Oil-importing countries26.125.525.825.725.927.629.630.129.8
    Excluding South Africa24.824.624.824.524.725.526.727.527.7
    CFA franc zone20.319.819.320.121.220.925.122.923.3
    WAEMU22.321.421.722.623.622.123.724.024.5
    CEMAC18.218.316.817.618.719.626.521.922.1
    EAC-523.922.523.623.624.125.626.627.527.4
    SADC28.227.727.527.127.730.933.433.232.7
    SACU28.027.427.527.327.630.433.733.832.9
    COMESA23.423.724.623.122.723.023.524.525.6
    Resource-intensive countries27.026.626.325.427.629.231.131.429.3
    Oil27.426.726.625.628.229.731.331.729.4
    Non-oil resource-intensive countries25.226.425.124.324.026.129.929.728.6
    Non-resource-intensive countries26.125.325.725.826.027.629.530.129.9
    Coastal Non-resource-intensive countries26.925.826.126.526.929.131.431.931.3
    Landlocked Non-resource-intensive countries23.123.224.522.822.622.423.024.125.2
    MDRI23.523.123.223.423.824.224.425.125.6
    Fixed exchange rate regimes21.721.521.021.422.322.426.424.524.6
    Floating exchange rate27.526.927.126.627.629.530.931.930.6
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA12.Government Debt(Percent of GDP)
    2004-08200420052006200720082009
    Oil-exporting countries31.156.235.221.522.120.524.2
    Excluding Nigeria42.762.345.836.535.833.437.5
    Angola32.349.633.720.824.732.938.3
    Cameroon60.867.964.760.357.853.354.1
    Chad29.434.233.629.626.023.631.4
    Congo, Rep. of112.9198.7108.398.898.660.357.6
    Equatorial Guinea2.56.23.01.61.10.75.1
    Gabon45.065.253.842.143.320.826.1
    Nigeria23.552.728.611.812.811.615.5
    Middle-income countries31.435.434.232.228.227.030.6
    Excluding South Africa29.332.231.329.227.725.929.0
    Botswana7.39.97.45.67.56.215.0
    Cape Verde84.492.696.487.374.671.170.8
    Lesotho62.461.464.064.963.857.845.3
    Mauritius51.153.355.252.649.045.649.3
    Namibia23.528.127.224.719.917.615.7
    Seychelles143.0162.2147.1139.5130.8135.4127.3
    South Africa31.735.934.632.628.327.230.8
    Swaziland17.619.617.417.116.217.614.7
    Low-income countries64.085.678.560.548.446.846.4
    Excluding fragile countries51.473.466.647.534.834.537.1
    Benin28.235.142.914.620.927.727.5
    Burkina Faso31.645.844.121.721.924.427.9
    Ethiopia64.5105.779.066.838.232.932.1
    Ghana65.094.177.942.051.959.266.5
    Kenya48.954.350.145.449.145.649.2
    Madagascar56.191.682.641.434.630.433.7
    Malawi74.0131.6133.129.932.642.645.5
    Mali34.149.255.220.421.924.023.9
    Mozambique50.570.781.053.621.925.429.3
    Niger31.258.851.615.815.913.915.8
    Rwanda47.290.870.726.626.921.220.2
    Senegal33.147.545.723.024.525.032.0
    Tanzania57.269.669.570.438.637.742.8
    Uganda48.168.965.862.820.322.522.2
    Zambia63.8148.687.929.825.826.827.7
    Fragile countries115.3132.6125.0113.7105.3100.187.2
    Including Zimbabwe108.8121.2111.1103.599.687.3
    Burundi190.7249.4192.2180.3177.8153.752.3
    Central African Republic92.7102.9107.793.979.179.626.9
    Comoros69.478.174.173.861.659.456.9
    Congo, Dem. Rep. of153.1197.5168.2134.4129.1136.3138.3
    Côte d’Ivoire80.784.986.384.275.672.565.0
    Eritrea157.3181.3144.2143.4152.2165.2135.0
    Gambia, The97.6120.9119.5127.956.763.158.3
    Guinea117.7119.8150.2137.192.489.077.0
    Guinea-Bissau198.1229.9209.7207.2186.7156.9163.3
    Liberia503.0594.6411.4224.1
    São Tomé & Príncipe202.6303.0282.8259.5104.063.865.8
    Sierra Leone125.6204.7177.9136.755.253.761.3
    Togo79.093.076.884.884.256.355.2
    Zimbabwe170.258.164.669.888.489.7
    Sub-Saharan Africa41.157.347.937.332.330.833.3
    Median57.274.472.453.143.342.642.8
    Including Zimbabwe50.265.251.243.241.442.7
    Excluding Nigeria and South Africa46.157.854.045.037.536.238.2
    Oil-importing countries59.678.572.256.646.044.544.6
    Excluding South Africa51.167.159.046.944.338.038.7
    CFA franc zone50.963.562.944.642.640.940.9
    WAEMU51.270.654.949.346.135.136.5
    CEMAC54.068.563.858.640.638.339.1
    EAC-538.046.643.636.831.231.835.8
    SADC30.334.333.131.127.126.029.6
    SACU66.192.479.262.449.447.346.5
    COMESA35.057.540.227.525.824.027.0
    Resource-intensive countries31.156.235.221.522.120.524.2
    Oil56.864.066.460.747.745.244.6
    Non-oil resource-intensive countries44.356.652.443.135.234.437.0
    Non-resource-intensive countries39.146.844.838.733.232.236.2
    Coastal Non-resource-intensive countries64.495.681.559.542.942.339.9
    Landlocked Non-resource-intensive countries62.589.978.458.343.742.243.0
    MDRI51.766.057.946.847.240.539.5
    Fixed exchange rate regimes38.955.445.835.329.228.932.1
    Floating exchange rate32.247.136.228.225.224.527.9
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA13.Broad Money(Percent of GDP)
    2004-0820042005200620072008200920102011
    Oil-exporting countries22.017.816.719.724.331.838.037.640.8
    Excluding Nigeria17.915.014.916.919.023.730.528.436.0
    Angola21.016.416.219.022.231.542.439.154.0
    Cameroon19.318.117.918.320.821.723.523.824.1
    Chad10.58.18.011.511.813.314.715.015.3
    Congo, Rep. of16.013.414.016.417.818.422.519.118.4
    Equatorial Guinea7.07.56.46.37.57.113.312.114.2
    Gabon18.317.418.219.618.917.522.418.017.4
    Nigeria24.819.417.821.527.837.342.943.643.9
    Middle-income countries72.762.567.673.779.480.577.683.384.7
    Excluding South Africa52.447.449.654.155.255.657.758.859.0
    Botswana35.728.128.037.442.442.646.148.047.9
    Cape Verde84.876.284.087.788.288.084.483.083.0
    Lesotho34.430.531.036.636.737.041.845.447.4
    Mauritius100.293.2102.2100.6101.6103.7103.4104.7104.2
    Namibia39.237.137.641.740.039.539.139.740.0
    Seychelles80.8104.1100.694.458.646.144.751.453.9
    South Africa75.564.670.176.382.783.880.386.688.3
    Swaziland23.721.621.624.025.426.030.825.025.0
    Low-income countries27.826.926.527.728.928.929.931.032.0
    Excluding fragile countries29.428.628.329.430.530.231.032.233.6
    Benin33.126.529.832.535.640.841.441.441.4
    Burkina Faso23.224.420.820.825.024.728.530.331.2
    Ethiopia34.839.038.036.133.028.124.926.129.9
    Ghana37.633.431.336.240.946.247.147.446.0
    Kenya41.240.239.440.342.543.446.046.446.9
    Madagascar19.721.318.019.220.419.720.821.521.7
    Malawi20.819.820.218.121.724.426.024.824.5
    Mali28.729.129.629.129.726.128.130.130.3
    Mozambique19.717.718.419.520.622.527.629.031.1
    Niger15.715.214.015.217.316.619.018.720.3
    Rwanda16.815.515.216.718.318.217.817.817.8
    Senegal34.834.133.835.836.533.736.839.141.0
    Tanzania24.621.222.226.026.726.727.831.033.1
    Uganda18.216.917.518.018.120.620.922.122.6
    Zambia21.421.518.021.522.523.321.421.121.9
    Fragile countries21.420.419.820.922.423.424.925.424.7
    Including Zimbabwe21.219.420.921.922.724.925.725.0
    Burundi30.527.729.931.731.132.032.432.329.1
    Central African Republic16.116.418.016.014.615.513.513.714.4
    Comoros25.623.123.125.927.228.530.330.831.0
    Congo, Dem. Rep. of11.29.97.810.412.415.316.617.418.4
    Côte d’Ivoire11.711.110.711.013.212.414.915.212.3
    Eritrea130.2129.0129.3123.9127.7141.3118.2115.8117.1
    Gambia, The38.031.334.341.540.342.645.346.346.9
    Guinea20.218.219.021.519.622.727.330.331.3
    Guinea-Bissau19.115.416.817.621.624.324.824.824.8
    Liberia23.518.120.423.425.230.536.736.736.3
    São Tomé & Príncipe37.928.036.039.042.344.241.438.338.1
    Sierra Leone22.019.721.621.422.924.629.728.330.4
    Togo34.031.028.833.938.338.042.043.444.7
    Zimbabwe113.713.121.812.17.827.032.433.0
    Sub-Saharan Africa42.537.138.742.245.948.449.251.152.7
    Median23.721.521.623.425.426.729.730.331.1
    Including Zimbabwe43.738.642.145.848.349.251.152.7
    Excluding Nigeria and South Africa27.325.825.527.228.429.732.432.635.4
    Oil-importing countries52.346.649.152.956.456.755.058.259.1
    Excluding South Africa30.829.629.331.032.132.133.134.235.1
    CFA franc zone19.418.318.119.320.920.623.523.423.6
    WAEMU23.522.222.023.125.424.727.228.328.2
    CEMAC15.314.314.215.416.316.519.818.518.9
    EAC-529.127.427.629.230.431.032.233.634.5
    SADC58.851.454.759.363.464.964.267.970.8
    SACU71.961.466.572.878.879.976.982.884.3
    COMESA34.935.935.034.934.834.033.934.535.7
    Resource-intensive countries22.418.317.420.524.731.136.836.739.4
    Oil22.017.816.719.724.331.838.037.640.8
    Non-oil resource-intensive countries24.421.021.125.127.227.429.630.829.9
    Non-resource-intensive countries54.748.851.555.358.959.257.160.661.6
    Coastal Non-resource-intensive countries62.954.858.663.568.269.267.071.572.5
    Landlocked Non-resource-intensive countries24.324.924.224.524.523.423.824.626.3
    MDRI25.124.023.825.126.226.327.228.229.6
    Fixed exchange rate regimes22.421.321.022.323.723.526.025.725.9
    Floating exchange rate46.640.542.546.350.453.453.956.157.9
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA14.Broad Money Growth(Percent)
    2004-0820042005200620072008200920102011
    Oil-exporting countries36.217.922.946.638.554.817.320.923.6
    Excluding Nigeria35.524.834.636.730.550.617.214.333.7
    Angola62.449.859.759.649.393.727.520.261.3
    Cameroon10.57.34.29.318.613.46.97.27.5
    Chad23.43.332.051.95.424.7-4.020.09.2
    Congo, Rep. of28.715.936.347.96.936.45.011.911.5
    Equatorial Guinea30.733.534.714.141.330.131.414.427.3
    Gabon14.211.626.017.47.28.82.2-1.77.1
    Nigeria37.114.016.053.444.257.817.525.417.5
    Middle-income countries19.013.319.324.123.115.12.018.212.3
    Excluding South Africa19.814.211.336.719.417.54.711.09.1
    Botswana28.913.910.667.431.221.1-1.816.19.5
    Cape Verde12.510.615.818.010.87.63.55.89.0
    Lesotho16.83.49.135.316.419.717.721.715.0
    Mauritius14.718.315.89.515.314.73.47.55.4
    Namibia16.716.29.729.610.217.95.914.211.7
    Seychelles-0.314.01.73.0-20.70.519.320.113.3
    South Africa18.913.120.522.523.614.81.619.212.8
    Swaziland15.67.29.125.121.415.426.8-12.28.3
    Low-income countries18.515.712.321.721.820.920.817.716.5
    Excluding fragile countries17.612.713.020.821.120.419.317.719.1
    Benin15.6-6.721.816.517.628.86.35.36.2
    Burkina Faso6.8-7.2-3.810.222.912.124.113.29.8
    Ethiopia18.010.319.617.419.722.919.924.336.0
    Ghana31.025.914.338.835.940.226.920.127.0
    Kenya14.913.49.117.019.115.916.011.611.4
    Madagascar17.119.44.624.924.212.610.510.512.8
    Malawi26.931.916.216.536.933.124.49.013.5
    Mali5.5-2.411.78.89.30.416.216.79.4
    Mozambique22.214.722.726.021.626.034.622.621.6
    Niger15.720.36.616.223.012.218.36.915.1
    Rwanda23.012.116.731.330.824.213.112.412.3
    Senegal9.512.97.412.712.71.710.611.811.8
    Tanzania21.518.519.631.320.118.118.525.121.0
    Uganda16.59.08.716.417.431.125.020.612.8
    Zambia25.632.03.344.025.323.27.716.018.0
    Fragile countries22.027.79.725.224.523.227.217.65.0
    Including Zimbabwe19.627.75.226.919.618.933.518.65.3
    Burundi20.916.727.116.410.134.219.812.23.1
    Central African Republic7.714.216.5-4.2-3.715.9-8.17.911.9
    Comoros8.1-4.26.316.010.811.613.57.56.5
    Congo, Dem. Rep. of45.859.63.560.449.555.750.440.527.2
    Côte d’Ivoire12.020.61.78.625.23.824.46.9-14.1
    Eritrea11.211.710.75.712.115.913.517.919.0
    Gambia, The16.518.313.126.26.718.419.412.512.1
    Guinea35.537.037.259.44.739.025.929.217.4
    Guinea-Bissau25.744.020.35.330.228.66.56.06.5
    Liberia33.236.130.827.731.639.624.111.27.4
    São Tomé & Príncipe32.87.445.939.336.435.214.611.611.9
    Sierra Leone20.3-2.432.818.726.126.131.314.221.2
    Togo15.218.31.422.117.716.315.98.68.9
    Zimbabwe11.485.9-47.961.3-44.4-48.0297.544.813.1
    Sub-Saharan Africa24.215.518.330.327.629.112.819.017.5
    Median17.614.015.818.719.719.716.212.511.9
    Including Zimbabwe24.015.517.930.427.328.813.119.017.5
    Excluding Nigeria and South Africa22.617.817.027.123.327.819.116.320.4
    Oil-importing countries18.514.315.623.222.017.411.018.114.3
    Excluding South Africa18.215.511.323.820.619.719.817.115.6
    CFA franc zone14.210.712.916.217.513.812.89.57.0
    WAEMU10.89.25.711.619.18.217.59.82.6
    CEMAC18.012.220.721.216.019.78.29.111.8
    EAC-517.914.013.122.119.620.718.718.114.7
    SADC23.718.121.229.026.024.39.219.419.5
    SACU19.213.119.524.723.515.21.918.612.6
    COMESA17.916.59.921.320.221.922.218.119.3
    Resource-intensive countries33.618.120.944.436.048.616.919.920.4
    Oil36.217.922.946.638.554.817.320.923.6
    Non-oil resource-intensive countries20.018.710.533.122.015.814.013.41.1
    Non-resource-intensive countries18.413.916.122.422.117.510.718.515.6
    Coastal Non-resource-intensive countries18.714.018.122.722.616.26.618.013.9
    Landlocked Non-resource-intensive countries17.213.29.021.220.222.225.720.221.3
    MDRI18.713.913.222.521.622.519.218.219.0
    Fixed exchange rate regimes14.410.912.617.217.214.312.89.47.5
    Floating exchange rate26.316.519.633.229.832.312.721.019.5
    Sources: IMF, African Department database, September 23, 2010; and IMF, World Economic Outlook (WEO) database, September 23, 2010.

    The Zimbabwe dollar ceased circulating in early 2009. Data are based on IMF staff estimates of price and exchange rate developments in U.S. dollars. Staff estimates of U.S. dollar values may differ from authorities’ estimates.

    Table SA15.Claims on Nonfinancial Private Sector(Percent of broad money)
    2004-08200420052006200720082009
    Oil-exporting countries61.356.760.954.666.567.863.8
    Excluding Nigeria42.641.040.841.944.345.148.6
    Angola40.935.734.742.049.043.152.5
    Cameroon49.049.853.150.144.847.347.3
    Chad40.849.352.236.230.335.942.9
    Congo, Rep. of16.422.117.212.612.817.221.4
    Equatorial Guinea42.230.333.640.640.865.754.4
    Gabon53.454.349.351.456.655.249.7
    Nigeria73.566.173.762.881.683.573.9
    Middle-income countries101.2101.6101.2102.3100.9100.098.4
    Excluding South Africa77.382.183.872.673.774.276.6
    Botswana58.072.370.150.347.849.656.2
    Cape Verde56.450.748.153.060.169.875.2
    Lesotho28.623.831.226.330.730.932.4
    Mauritius77.478.473.773.876.584.782.3
    Namibia124.8125.8137.7