Back Matter

Back Matter

Published Date:
January 2006
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    Annex Table: 1.Selected Indicators for the Fastest and Slowest Growing Economies, 2003(In percent of GDP, unless otherwise indicated)
    Real GDP

    (In percent)
    CPI

    (In percent)
    Broad money

    (In percent)
    Government expendituresGovernment balanceInvestmentNet exportsReal effective exchange rate

    (in percent)
    Fastest-growing economies
    Equatorial Guinea14.77.617.810.523.326.026.311.4
    Chad10.0−1.04.719.7−6.246.1−46.114.6
    Madagascar9.6−1.111.318.3−3.920.5−7.9−4.1
    Gambia, The8.718.043.423.1−5.920.3−8.0−27.9
    Mozambique7.013.513.528.1−3.243.5−23.2−1.8
    Sierra Leone6.56.618.239.8−9.421.8−36.7−14.9
    Burkina Faso6.53.09.121.6−3.718.9−8.23.3
    Senegal6.30.16.123.6−1.920.2−7.52.8
    Nigeria5.914.252.222.7−2.721.022.2−4.7
    Tanzania5.55.016.919.8−1.517.70.3−15.3
    Median6.85.815.222.1−3.420.7−8.0−2.9
    Mean8.16.619.322.7−1.525.6−8.9−3.7
    Slowest-growing economies
    Kenya1.59.713.227.0−3.714.0−15.7−0.5
    Rwanda0.97.411.024.2−3.317.8−9.1−15.7
    Congo, Rep. of0.82.0−5.729.90.123.1−12.82.3
    Burundi−0.510.722.029.9−5.111.0−80.6−18.4
    Guinea-Bissau−1.23.0−2.435.2−12.314.8−27.8−18.4
    Côte d’Ivoire−3.83.8−2.519.0−2.210.022.57.7
    Ethiopia−3.815.110.436.0−8.421.2−6.02.7
    Seychelles−5.17.0−9.447.5−3.519.01.8−8.3
    Central African Republic−5.84.0−4.813.0−3.76.4−3.65.7
    Zimbabwe−13.2431.7518.934.1−6.83.0−8.3−42.3
    Median−2.57.24.029.9−3.714.4−8.7−4.4
    Mean−3.049.455.129.6−4.914.0−14.0−8.5
    Sub-Saharan Africa
    Median4.06.312.025.4−3.619.6−8.11.1
    Mean3.219.025.727.9−3.319.7−11.2−0.8
    1

    Data through November used for 2003

    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Annex Table 2.Selected Indicators for the Fastest and Slowest Growing Economies, 1998–2003(In percent of GDP, unless otherwise indicated)
    Real GDP

    (In percent)
    CPI

    (In percent)
    Broad money

    (In percent)
    Government expendituresGovernment balanceInvestmentNet exportsReal effective exchange rate

    (in percent)
    Fastest growing economies
    Equatorial Guinea23.06.443.216.09.655.4−1.12.1
    Mozambique8.29.226.428.4−4.537.9−21.4−3.4
    Cape Verde7.02.110.536.5−7.719.5−39.20.5
    Chad6.72.710.118.7−5.333.6−32.53.5
    Rwanda6.63.58.120.6−2.117.1−12.6−6.5
    Angola6.0173.4244.654.0−10.619.5−5.62.1
    Uganda5.83.419.721.7−4.020.0−7.1−7.3
    Benin5.33.010.019.3−0.618.1−12.32.1
    Tanzania5.27.213.216.8−1.416.8−2.7−3.1
    Botswana5.16.618.343.02.027.912.63.2
    Median6.35.015.721.1−3.019.8−9.71.3
    Mean7.921.840.427.5−2.526.6−12.2−0.7
    Slowest growing economies
    Burundi1.59.819.326.0−4.39.1−52.0−10.2
    Togo1.21.34.516.8−2.814.6−5.00.5
    Kenya1.16.54.026.3−1.715.2−19.41.0
    C.A.R.0.61.7−2.215.6−1.39.4−2.80.4
    Seychelles0.44.79.854.7−10.629.3−10.11.6
    Cote d’Ivoire−0.23.27.719.0−1.511.419.82.2
    Gabon−0.41.16.029.92.426.615.0−0.2
    Congo, D.R.−1.0220.9234.111.0−4.310.6−32.112.8
    Guinea-Bissau−3.44.017.435.3−12.115.6−26.7−1.8
    Zimbabwe−7.5132.4148.437.5−9.09.5−4.324.1
    Median0.14.48.826.2−3.613.0−7.60.8
    Mean−0.838.644.927.2−4.515.1−11.83.0
    Sub-Saharan Africa
    Median3.16.212.825.3−3.819.5−7.00.4
    Mean3.518.828.927.9−4.320.6−10.5−0.2
    1

    Data through November used for 2003

    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 1.Real GDP Growth, 1997-2004(In percent)
    1997-20012001200220032004
    Angola4.93.215.34.512.8
    Benin5.15.06.05.56.0
    Botswana5.92.35.53.93.8
    Burkina Faso5.35.94.46.55.2
    Burundi1.02.24.5−0.55.4
    Cameroon4.85.36.54.24.7
    Cape Verde8.15.14.35.05.0
    Central African Republic3.61.0−0.8−5.84.9
    Chad4.99.59.910.042.7
    Comoros1.61.92.52.53.0
    Congo, Rep. of2.43.63.50.85.8
    Congo, Dem. Rep. of−4.0−2.13.55.06.0
    Côte d’Ivoire2.00.1−1.6−3.81.8
    Equatorial Guinea37.536.318.014.711.8
    Ethiopia4.57.71.2−3.86.7
    Gabon0.12.00.02.81.1
    Gambia, The5.85.8−3.28.75.6
    Ghana4.24.24.54.75.0
    Guinea4.03.84.22.14.6
    Guinea-Bissau−1.10.2−7.2−1.23.0
    Kenya1.21.21.01.52.6
    Lesotho1.43.33.83.94.2
    Madagascar4.66.0−12.79.66.0
    Malawi1.6−4.21.84.42.1
    Mali5.613.34.43.24.9
    Mauritius5.47.24.03.35.5
    Mozambique9.213.07.77.08.4
    Namibia3.32.33.33.74.7
    Niger3.77.13.04.04.1
    Nigeria2.72.71.65.92.7
    Rwanda8.66.79.40.96.1
    São Tomé and Príncipe2.64.04.14.56.5
    Senegal5.45.61.16.36.0
    Seychelles3.9−2.20.3−5.1−2.0
    Sierra Leone−3.55.46.36.56.8
    South Africa2.32.73.61.92.6
    Swaziland2.91.73.62.21.7
    Tanzania4.56.16.35.56.3
    Togo0.5−0.24.63.14.4
    Uganda5.75.36.74.95.5
    Zambia2.44.93.34.23.5
    Zimbabwe−3.5−8.8−12.8−13.2−9.2
    Sub-Saharan Africa3.03.53.42.84.2
    Oil producing countries4.45.25.56.07.3
    Non-oil producing countries2.73.12.92.13.5
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 2.Real Per Capita GDP, 1997-2004(In U.S. dollars, at 1990 prices, using 1990 exchange rates)
    1997-20012001200220032004
    Angola8398499519661,058
    Benin457477492492507
    Botswana3,8124,1214,3274,4884,664
    Burkina Faso465483491511524
    Burundi150148151148153
    Cameroon824855874885902
    Cape Verde1,2731,4071,4411,4851,531
    Central African Republic435437425392404
    Chad312323346370515
    Comoros517499498497499
    Congo, Rep. of1,1051,1201,1261,1031,134
    Congo, Dem. Rep. of112979899102
    Côte d’Ivoire860822783730719
    Equatorial Guinea7391,1081,2811,4401,578
    Ethiopia179188186174180
    Gabon6,2665,7955,6565,6735,598
    Gambia, The326342322342352
    Ghana551568579591605
    Guinea478486492488496
    Guinea-Bissau244235210203204
    Kenya345336333332335
    Lesotho411408416424434
    Madagascar234244207220226
    Malawi231220220225225
    Mali366389398401411
    Mauritius3,3683,6593,7653,8474,020
    Mozambique261291306320338
    Namibia2,3622,3622,3682,3832,423
    Niger285285285287290
    Nigeria311313310319319
    Rwanda300323343337348
    São Tomé and Príncipe466473480490509
    Senegal799844831859885
    Seychelles6,9556,9457,0016,5656,358
    Sierra Leone8987909498
    South Africa3,0273,0703,1163,1103,131
    Swaziland1,2071,2151,2441,2591,269
    Tanzania188198206213222
    Togo395370376376381
    Uganda384402414420429
    Zambia354364367374378
    Zimbabwe809724638560515
    Sub-Saharan Africa580583586587595
    Oil producing countries458462471482498
    Non-oil producing countries626629631627633
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 3.Real Per Capita GDP Growth, 1997-2004(In percent)
    1997-20012001200220032004
    Angola1.90.212.11.59.6
    Benin2.22.13.1−0.13.2
    Botswana4.51.55.03.73.9
    Burkina Faso2.83.31.83.92.6
    Burundi−0.50.22.4−2.53.3
    Cameroon1.92.42.21.41.8
    Cape Verde5.73.22.43.13.1
    Central African Republic1.6−1.0−2.8−7.72.8
    Chad1.66.77.17.139.1
    Comoros−1.0−0.7−0.2−0.20.3
    Congo, Rep. of−0.50.60.6−2.12.8
    Congo, Dem. Rep. of−6.6−7.20.51.92.9
    Côte d’Ivoire−0.8−3.1−4.7−6.8−1.5
    Equatorial Guinea34.733.515.712.49.6
    Ethiopia1.44.6−1.5−6.43.8
    Gabon−2.4−0.5−2.40.3−1.3
    Gambia, The2.22.9−5.76.03.0
    Ghana1.61.61.92.12.4
    Guinea1.50.91.3−0.81.6
    Guinea-Bissau−3.0−1.8−10.7−3.60.4
    Kenya−1.0−0.9−0.8−0.30.9
    Lesotho−0.61.31.92.02.2
    Madagascar1.52.9−15.26.52.8
    Malawi−0.6−6.2−0.22.30.1
    Mali3.110.82.10.82.5
    Mauritius4.46.12.92.24.5
    Mozambique7.010.15.24.45.7
    Namibia0.3−0.60.20.61.7
    Niger0.43.9−0.10.91.0
    Nigeria−0.10.0−1.13.10.0
    Rwanda1.73.66.2−2.03.3
    São Tomé and Príncipe0.21.51.62.03.9
    Senegal2.82.7−1.63.43.1
    Seychelles2.6−2.30.8−6.2−3.2
    Sierra Leone−6.02.73.63.84.1
    South Africa0.30.71.5−0.20.7
    Swaziland0.50.42.41.20.8
    Tanzania2.03.44.23.54.0
    Togo−2.5−3.21.50.01.3
    Uganda2.21.83.11.42.0
    Zambia0.22.40.81.71.1
    Zimbabwe−3.3−7.8−11.9−12.2−8.2
    Sub-Saharan Africa0.20.40.60.11.5
    Oil producing countries0.51.01.92.43.3
    Non-oil producing countries0.20.20.2−0.50.9
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 4.Consumer Prices, 1997-2004(Annual average percent change)
    1997-20012001200220032004
    Angola211.0152.6108.998.340.2
    Benin3.64.02.41.52.6
    Botswana7.87.25.54.74.5
    Burkina Faso2.24.92.73.02.0
    Burundi16.19.3−1.310.77.7
    Cameroon2.32.86.31.22.0
    Cape Verde3.63.81.81.22.0
    Central African Republic1.13.82.34.01.5
    Chad3.512.45.2−1.03.0
    Comoros2.2−3.53.32.52.0
    Congo, Rep. of3.80.83.12.02.0
    Congo, Dem. Rep. of297.5357.927.79.16.0
    Côte d’Ivoire3.34.43.13.83.2
    Equatorial Guinea5.36.08.87.68.0
    Ethiopia0.5−2.6−7.215.15.5
    Gabon1.62.10.22.02.0
    Gambia, The2.74.58.618.014.9
    Ghana22.632.914.826.48.6
    Guinea4.75.43.012.98.8
    Guinea-Bissau13.43.33.33.03.0
    Kenya7.84.92.09.7−0.2
    Lesotho7.66.912.37.16.3
    Madagascar7.36.916.2−1.15.0
    Malawi28.127.214.99.69.9
    Mali1.35.22.40.52.5
    Mauritius6.24.46.45.05.0
    Mozambique6.39.016.813.511.5
    Namibia8.49.311.37.26.5
    Niger2.44.02.7−0.70.9
    Nigeria10.018.013.714.215.5
    Rwanda4.73.42.07.46.9
    São Tomé and Príncipe29.69.59.29.613.3
    Senegal1.53.12.30.11.2
    Seychelles4.46.00.27.05.0
    Sierra Leone17.32.6−3.76.64.8
    South Africa6.24.98.96.03.2
    Swaziland7.77.511.98.16.9
    Tanzania9.85.24.65.04.7
    Togo2.43.93.1−0.80.9
    Uganda2.9−2.05.75.93.5
    Zambia24.721.722.221.518.5
    Zimbabwe48.376.7140.0431.7640.0
    Sub-Saharan Africa14.915.412.313.310.5
    Oil producing countries23.526.021.519.715.0
    Non-oil producing countries13.113.110.311.99.5
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 5.Total Investment, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola23.212.612.813.612.1
    Benin18.219.217.818.119.3
    Botswana28.625.724.424.725.0
    Burkina Faso20.218.818.418.920.5
    Burundi8.68.68.611.011.6
    Cameroon17.317.819.617.318.2
    Cape Verde20.017.720.219.819.5
    Central African Republic9.68.48.96.47.8
    Chad23.143.059.346.119.9
    Comoros12.713.212.913.013.5
    Congo, Rep. of24.926.423.323.126.2
    Congo, Dem. Rep. of15.85.29.012.118.7
    Côte d’Ivoire12.511.010.410.011.3
    Equatorial Guinea72.755.628.826.017.0
    Ethiopia16.717.820.521.223.3
    Gabon28.425.824.424.625.7
    Gambia, The19.020.221.620.320.0
    Ghana24.026.619.722.323.0
    Guinea22.121.916.814.615.6
    Guinea-Bissau17.119.714.714.819.0
    Kenya16.414.713.614.018.6
    Lesotho46.745.438.634.433.2
    Madagascar20.529.116.020.521.3
    Malawi10.21.016.06.912.3
    Mali21.926.920.423.921.2
    Mauritius26.123.321.822.721.3
    Mozambique31.941.544.743.536.9
    Namibia22.523.521.219.920.3
    Niger11.412.114.215.416.3
    Nigeria18.818.622.321.024.7
    Rwanda16.418.416.917.819.2
    São Tomé and Príncipe39.629.826.630.445.9
    Senegal17.918.119.720.220.9
    Seychelles32.134.328.319.018.3
    Sierra Leone3.46.110.021.822.6
    South Africa15.814.615.915.315.4
    Swaziland21.222.818.019.419.0
    Tanzania16.217.016.617.718.6
    Togo14.315.213.214.513.2
    Uganda18.820.121.722.823.3
    Zambia17.420.023.026.218.5
    Zimbabwe14.40.30.93.03.0
    Sub-Saharan Africa17.917.017.317.518.3
    Oil producing countries20.819.921.920.721.7
    Non-oil producing countries17.116.115.716.517.2
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 6.Domestic Saving, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola8.2−2.57.07.47.7
    Benin11.112.58.910.111.9
    Botswana40.739.641.841.038.9
    Burkina Faso10.18.48.610.811.2
    Burundi0.30.72.53.90.5
    Cameroon14.716.112.414.215.0
    Cape Verde9.77.08.49.49.1
    Central African Republic6.13.56.12.95.0
    Chad5.27.97.14.97.0
    Comoros7.412.512.110.110.4
    Congo, Rep. of15.623.323.022.424.8
    Congo, Dem. Rep. of11.00.46.310.112.7
    Côte d’Ivoire10.810.116.614.913.7
    Equatorial Guinea29.523.522.125.833.0
    Ethiopia12.414.214.816.615.4
    Gabon25.426.025.123.419.9
    Gambia, The15.916.719.515.119.3
    Ghana15.121.320.221.922.0
    Guinea15.619.610.39.910.1
    Guinea-Bissau2.7−5.22.45.11.5
    Kenya12.810.613.511.710.5
    Lesotho24.632.021.922.618.3
    Madagascar15.427.810.115.515.9
    Malawi3.6−5.43.7−4.23.5
    Mali13.616.716.217.115.1
    Mauritius25.726.727.027.324.8
    Mozambique14.019.526.924.523.5
    Namibia26.025.422.622.322.7
    Niger5.17.47.06.78.6
    Nigeria19.820.916.118.723.5
    Rwanda8.812.510.38.211.9
    São Tomé and Príncipe20.86.96.110.1−1.3
    Senegal12.813.314.013.615.2
    Seychelles16.110.76.814.115.8
    Sierra Leone−3.1−6.6−5.81.41.5
    South Africa14.914.316.214.113.6
    Swaziland17.418.514.114.714.1
    Tanzania7.311.812.415.012.5
    Togo2.62.12.46.25.0
    Uganda13.014.715.316.819.4
    Zambia3.89.216.520.012.4
    Zimbabwe9.3−3.0−1.3−1.5−5.8
    Sub-Saharan Africa14.614.415.115.015.2
    Oil producing countries17.517.114.716.619.6
    Non-oil producing countries14.013.815.214.614.2
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 7.Overall Fiscal Balance, Including Grants, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola−14.2−1.5−9.0−6.2−3.4
    Benin0.2−1.5−2.4−1.9−2.6
    Botswana4.5−0.31.1−2.70.7
    Burkina Faso−3.2−3.9−4.9−3.7−4.9
    Burundi−4.9−5.2−1.4−5.1−7.6
    Cameroon−0.42.41.82.62.3
    Cape Verde−10.6−4.6−1.8−4.1−5.5
    Central African Republic−0.9−0.9−1.2−3.7−3.1
    Chad−4.8−4.9−5.2−6.2−3.6
    Comoros−2.5−4.0−6.5−1.2−0.9
    Congo, Rep. of−6.9−0.7−8.10.1−1.3
    Congo, Dem. Rep. of−5.0−1.7−2.7−3.8−5.0
    Côte d’Ivoire−1.50.9−1.2−2.2−0.7
    Equatorial Guinea4.815.012.423.327.8
    Ethiopia−6.6−5.5−9.3−8.4−7.1
    Gabon0.73.23.58.74.0
    Gambia, The−5.5−13.9−4.6−5.9−2.2
    Ghana−8.4−7.7−5.0−3.1−1.4
    Guinea−2.8−4.1−5.9−3.3−2.1
    Guinea-Bissau−12.4−11.7−12.0−12.3−16.6
    Kenya−1.1−2.3−3.3−3.7−4.1
    Lesotho−3.80.6−4.2−2.90.9
    Madagascar−3.6−4.3−5.5−3.9−2.8
    Malawi−5.8−7.6−8.2−5.5−4.5
    Mali−2.7−3.2−3.6−3.9−5.1
    Mauritius−4.8−5.7−5.9−5.9−4.9
    Mozambique−3.8−6.5−8.2−3.2−3.9
    Namibia−3.1−3.7−3.1−1.20.2
    Niger−3.6−3.2−2.8−2.9−4.4
    Nigeria−2.4−2.7−5.1−2.72.7
    Rwanda−2.0−1.3−1.9−3.3−2.0
    São Tomé and Príncipe−24.4−22.6−13.8−18.3−23.4
    Senegal−0.6−2.00.4−1.9−2.5
    Seychelles−10.4−6.9−18.7−3.56.8
    Sierra Leone−9.1−9.4−9.9−9.4−9.3
    South Africa−2.4−1.6−1.2−2.2−3.0
    Swaziland−0.5−2.7−4.3−6.2−6.5
    Tanzania−1.0−1.2−1.0−1.5−3.8
    Togo−3.6−3.6−0.6−0.21.2
    Uganda−3.0−2.2−5.7−4.4−0.9
    Zambia−4.4−7.2−5.6−6.5−3.8
    Zimbabwe−9.9−9.9−4.8−6.8−6.9
    Sub-Saharan Africa−2.9−2.3−3.0−2.4−1.7
    Oil producing countries−3.3−1.1−3.9−1.02.3
    Non-oil producing countries−2.9−2.6−2.7−2.9−3.1
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 8.Overall Fiscal Balance, Excluding Grants, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola−16.9−3.7−9.0−7.5−3.5
    Benin−2.9−4.2−3.5−4.2−5.0
    Botswana4.0−0.50.7−3.20.2
    Burkina Faso−10.0−11.1−10.2−9.2−9.6
    Burundi−7.2−7.2−5.7−9.8−9.8
    Cameroon−0.62.01.51.71.7
    Cape Verde−19.2−10.4−10.2−11.0−11.0
    Central African Republic−7.0−4.3−5.0−4.8−5.0
    Chad−5.6−6.2−6.0−6.2−3.6
    Comoros−8.5−7.5−9.9−3.1−2.7
    Congo, Rep. of−7.1−0.9−8.3−0.4−2.0
    Congo, Dem. Rep. of−5.0−1.7−3.0−5.7−9.2
    Côte d’Ivoire−2.00.4−1.7−2.5−1.1
    Equatorial Guinea4.415.012.423.327.8
    Ethiopia−10.2−10.3−14.0−16.4−14.1
    Gabon0.73.23.48.63.8
    Gambia, The−7.3−16.0−9.1−7.9−6.2
    Ghana−11.3−14.6−8.1−8.0−5.2
    Guinea−5.6−7.5−8.2−7.2−5.8
    Guinea-Bissau−22.2−26.2−18.1−18.6−21.4
    Kenya−2.2−4.1−4.5−6.1−8.2
    Lesotho−6.4−2.2−8.1−6.1−3.0
    Madagascar−7.6−8.2−7.7−7.9−7.8
    Malawi−12.3−14.6−14.1−13.6−18.8
    Mali−7.4−7.0−7.2−8.2−7.9
    Mauritius−5.0−5.9−6.2−6.2−5.1
    Mozambique−14.1−21.2−19.9−13.6−12.7
    Namibia−3.2−3.9−3.3−1.5−0.1
    Niger−8.3−7.9−7.7−8.1−8.2
    Nigeria−2.4−2.7−5.1−2.72.7
    Rwanda−9.1−9.5−9.1−11.0−11.6
    São Tomé and Príncipe−50.0−60.4−40.9−44.7−40.3
    Senegal−2.9−3.9−1.6−4.4−4.6
    Seychelles−10.9−7.3−18.7−3.76.8
    Sierra Leone−13.7−15.8−19.7−25.2−24.2
    South Africa−2.5−1.6−1.2−2.2−3.0
    Swaziland−1.3−3.8−5.5−8.0−8.4
    Tanzania−4.5−4.7−5.3−7.7−9.9
    Togo−4.5−4.1−0.9−0.80.5
    Uganda−8.5−8.9−12.8−11.4−10.7
    Zambia−10.7−13.0−13.9−13.3−9.8
    Zimbabwe−11.0−10.5−4.8−6.8−6.9
    Sub-Saharan Africa−4.0−3.6−4.1−3.8−3.1
    Oil producing countries−3.6−1.5−4.0−1.32.2
    Non-oil producing countries−4.3−4.3−4.2−4.6−4.8
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 9.Government Revenue, Excluding Grants, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola42.642.539.036.231.2
    Benin15.716.216.916.817.0
    Botswana43.842.646.744.446.0
    Burkina Faso11.811.111.612.413.2
    Burundi17.220.020.320.119.6
    Cameroon17.120.618.918.918.8
    Cape Verde20.220.622.521.020.6
    Central African Republic8.98.910.88.29.1
    Chad12.411.914.013.514.3
    Comoros11.611.112.613.013.1
    Congo, Rep. of26.930.727.229.527.2
    Congo, Dem. Rep. of5.46.57.98.19.0
    Côte d’Ivoire17.517.017.516.518.0
    Equatorial Guinea21.727.127.433.837.5
    Ethiopia18.318.820.119.619.5
    Gabon32.734.031.531.828.7
    Gambia, The17.815.116.315.216.2
    Ghana17.618.118.021.422.4
    Guinea11.111.312.011.612.1
    Guinea-Bissau14.816.815.316.720.4
    Kenya24.722.121.120.922.2
    Lesotho42.840.839.339.442.2
    Madagascar10.810.18.010.311.9
    Malawi17.218.417.922.020.4
    Mali13.213.215.115.616.6
    Mauritius19.618.018.220.521.4
    Mozambique12.313.314.214.614.4
    Namibia32.531.933.534.534.7
    Niger8.99.310.610.611.1
    Nigeria20.026.920.720.122.4
    Rwanda10.411.412.313.213.3
    São Tomé and Príncipe19.421.123.123.730.1
    Senegal17.417.818.919.219.3
    Seychelles44.741.439.943.947.4
    Sierra Leone9.114.014.514.615.3
    South Africa23.924.324.324.424.5
    Swaziland28.526.925.725.825.9
    Tanzania11.211.411.512.112.5
    Togo13.113.112.114.714.7
    Uganda11.210.912.312.313.1
    Zambia19.019.117.918.019.0
    Zimbabwe27.627.128.627.327.8
    Sub-Saharan Africa21.923.022.122.222.5
    Oil producing countries23.428.423.923.423.8
    Non-oil producing countries21.321.221.621.822.1
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 10.Government Expenditure, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola59.546.347.943.834.7
    Benin18.620.320.421.022.0
    Botswana39.843.146.047.645.9
    Burkina Faso21.722.221.821.622.8
    Burundi24.427.225.929.929.4
    Cameroon17.818.617.417.217.1
    Cape Verde39.431.132.732.031.7
    Central African Republic15.913.215.713.014.1
    Chad18.018.020.019.717.8
    Comoros20.218.622.616.115.8
    Congo, Rep. of34.031.635.529.929.2
    Congo, Dem. Rep. of10.58.211.013.818.2
    Côte d’Ivoire19.616.619.319.019.1
    Equatorial Guinea17.312.115.010.59.8
    Ethiopia28.529.134.136.033.6
    Gabon31.930.828.123.224.9
    Gambia, The25.231.125.423.122.4
    Ghana28.832.726.129.327.6
    Guinea16.718.820.218.817.8
    Guinea-Bissau37.043.033.435.241.7
    Kenya26.926.125.527.030.4
    Lesotho49.243.047.345.545.2
    Madagascar18.318.415.718.319.7
    Malawi29.533.132.035.639.2
    Mali20.620.222.423.924.5
    Mauritius24.523.924.426.726.5
    Mozambique26.434.634.128.127.2
    Namibia35.735.836.836.034.7
    Niger17.217.218.418.719.3
    Nigeria22.429.525.722.719.6
    Rwanda19.621.021.324.224.8
    São Tomé and Príncipe69.481.564.168.470.4
    Senegal20.321.720.523.623.9
    Seychelles55.648.758.747.540.6
    Sierra Leone22.729.834.239.839.5
    South Africa26.425.925.526.727.5
    Swaziland29.830.731.233.834.3
    Tanzania15.716.116.819.822.5
    Togo17.717.213.115.514.2
    Uganda19.619.825.123.723.7
    Zambia29.632.131.831.228.7
    Zimbabwe38.637.633.434.134.7
    Sub-Saharan Africa25.926.626.326.025.6
    Oil producing countries27.029.927.824.721.6
    Non-oil producing countries25.625.525.726.426.9
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 11.Broad Money Growth, 1997-2004(In percent)
    1997-20012001200220032004
    Angola270.9163.2158.157.450.1
    Benin16.712.7−3.8−2.510.0
    Botswana25.431.2−1.112.69.0
    Burkina Faso5.710.72.99.17.9
    Burundi14.416.330.322.012.1
    Cameroon13.617.929.54.411.0
    Cape Verde10.29.814.37.89.0
    Central African Republic−2.3−1.1−4.3−4.88.4
    Chad4.222.924.24.70.0
    Comoros13.147.410.7−3.010.0
    Congo, Rep. of10.5−22.813.1−5.711.2
    Congo, Dem. Rep. of325.8493.1298.20.031.2
    Côte d’Ivoire6.011.830.8−2.5−0.2
    Equatorial Guinea43.257.634.817.811.8
    Ethiopia9.19.512.310.413.4
    Gabon7.711.69.00.710.5
    Gambia, The19.819.435.343.416.7
    Ghana35.341.449.628.318.9
    Guinea14.114.819.236.313.9
    Guinea-Bissau36.99.924.1−2.417.8
    Kenya2.82.58.813.29.8
    Lesotho10.317.02.710.67.6
    Madagascar17.829.86.311.313.5
    Malawi27.88.923.426.43.0
    Mali9.119.228.415.411.9
    Mauritius12.39.913.011.010.5
    Mozambique29.929.720.113.514.5
    Namibia10.74.58.015.713.2
    Niger7.232.8−0.413.712.0
    Nigeria33.527.221.652.27.6
    Rwanda14.68.812.411.05.7
    São Tomé and Príncipe31.512.67.07.07.0
    Senegal10.914.58.36.18.7
    Seychelles16.911.413.1−9.4−12.0
    Sierra Leone28.533.715.218.25.8
    South Africa13.216.712.88.49.0
    Swaziland10.410.713.114.09.2
    Tanzania10.714.921.316.921.4
    Togo3.9−3.6−2.020.9−1.6
    Uganda18.417.521.623.312.3
    Zambia32.110.826.528.218.2
    Zimbabwe48.3102.7164.8518.9484.4
    Sub-Saharan Africa21.725.828.219.812.4
    Oil producing countries40.235.134.837.113.3
    Non-oil producing countries17.222.926.014.812.1
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 12.Exports of Goods and Services, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola74.971.176.776.875.6
    Benin15.915.013.814.014.4
    Botswana54.752.251.647.847.6
    Burkina Faso9.99.28.59.39.5
    Burundi8.07.06.28.75.8
    Cameroon27.831.825.624.621.6
    Cape Verde25.529.230.129.129.2
    Central African Republic19.916.215.311.412.3
    Chad17.015.212.321.241.1
    Comoros21.115.915.812.912.1
    Congo, Rep. of76.980.180.778.474.8
    Congo, Dem. Rep. of22.218.721.324.824.9
    Côte d’Ivoire40.440.647.846.942.1
    Equatorial Guinea103.7107.1105.4101.399.7
    Ethiopia15.315.116.217.215.9
    Gabon59.059.058.057.255.9
    Gambia, The44.736.644.744.257.9
    Ghana38.545.242.538.034.5
    Guinea22.527.124.324.426.8
    Guinea-Bissau23.826.728.824.626.5
    Kenya26.326.426.626.827.1
    Lesotho30.846.055.750.150.2
    Madagascar25.529.116.020.521.3
    Malawi27.528.525.127.228.8
    Mali24.329.032.226.628.4
    Mauritius60.561.160.756.252.3
    Mozambique18.529.233.027.831.8
    Namibia46.244.651.856.457.3
    Niger17.016.916.516.917.9
    Nigeria43.344.039.347.545.5
    Rwanda7.49.27.77.58.3
    São Tomé and Príncipe32.436.036.238.339.0
    Senegal30.130.430.128.427.2
    Seychelles70.980.777.777.877.7
    Sierra Leone14.815.418.222.725.9
    South Africa27.130.834.424.825.7
    Swaziland79.692.190.883.583.1
    Tanzania14.615.315.917.817.9
    Togo29.030.633.840.138.2
    Uganda11.812.012.012.713.8
    Zambia29.029.028.631.033.3
    Zimbabwe35.220.38.620.635.4
    Sub-Saharan Africa32.134.634.532.933.1
    Oil producing countries47.549.146.451.249.6
    Non-oil producing countries27.929.930.327.027.6
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 13.Imports of Goods and Services, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola74.070.769.670.870.1
    Benin28.227.726.926.025.5
    Botswana46.043.242.041.941.8
    Burkina Faso24.523.121.621.721.7
    Burundi18.622.123.431.232.4
    Cameroon25.629.230.525.423.4
    Cape Verde59.862.066.064.463.0
    Central African Republic25.021.718.815.216.7
    Chad36.851.464.653.829.0
    Comoros35.029.228.125.325.1
    Congo, Rep. of57.853.454.054.453.2
    Congo, Dem. Rep. of20.720.726.131.736.3
    Côte d’Ivoire32.832.931.832.531.3
    Equatorial Guinea132.1123.074.565.343.7
    Ethiopia28.029.834.236.635.4
    Gabon37.935.734.733.333.7
    Gambia, The52.642.651.352.262.2
    Ghana56.364.854.951.947.6
    Guinea26.729.029.827.930.1
    Guinea-Bissau48.264.058.652.359.5
    Kenya34.335.630.332.336.3
    Lesotho96.898.9114.399.2101.6
    Madagascar32.332.322.628.429.8
    Malawi38.939.843.242.643.5
    Mali33.938.333.733.332.1
    Mauritius62.759.456.753.049.9
    Mozambique36.648.551.048.540.3
    Namibia56.053.260.767.067.5
    Niger24.924.626.727.628.3
    Nigeria36.636.840.440.638.3
    Rwanda24.425.124.528.429.8
    São Tomé and Príncipe84.089.376.982.9105.2
    Senegal38.139.940.740.037.6
    Seychelles84.3102.084.176.170.9
    Sierra Leone24.532.640.850.455.8
    South Africa24.827.231.023.625.2
    Swaziland96.4103.599.793.793.4
    Tanzania25.423.923.525.129.0
    Togo43.247.349.453.752.0
    Uganda22.624.427.427.228.9
    Zambia40.044.642.042.343.9
    Zimbabwe35.723.611.727.750.0
    Sub-Saharan Africa32.634.635.433.233.5
    Oil producing countries41.543.144.843.940.7
    Non-oil producing countries30.231.932.129.731.1
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 14.Trade Balance, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola35.635.441.539.535.8
    Benin−10.5−10.7−11.6−10.5−9.3
    Botswana12.813.013.610.110.2
    Burkina Faso−10.7−10.2−9.7−9.0−8.8
    Burundi−6.3−10.4−11.6−13.7−18.0
    Cameroon4.86.00.91.0−0.1
    Cape Verde−35.2−34.7−37.5−36.7−35.6
    Central African Republic2.12.72.91.20.9
    Chad−6.5−19.5−32.0−16.120.1
    Comoros−15.0−10.5−10.3−11.0−11.7
    Congo, Rep. of47.249.351.148.544.5
    Congo, Dem. Rep. of6.91.4−0.3−2.3−5.9
    Côte d’Ivoire14.013.722.823.019.0
    Equatorial Guinea16.415.854.355.271.6
    Ethiopia−14.8−16.8−20.5−22.0−21.8
    Gabon35.836.534.733.930.6
    Gambia, The−15.3−10.3−13.3−14.1−15.1
    Ghana−15.9−18.2−10.7−12.1−11.5
    Guinea2.95.31.62.92.9
    Guinea-Bissau−12.4−23.0−15.6−15.8−19.8
    Kenya−9.9−11.5−7.4−8.6−12.0
    Lesotho−65.0−51.3−55.8−45.9−48.5
    Madagascar−3.10.3−2.6−4.0−5.3
    Malawi−3.7−4.2−10.3−7.4−6.3
    Mali−0.5−0.35.71.94.2
    Mauritius−8.3−5.6−4.8−5.2−5.0
    Mozambique−16.9−10.5−16.1−15.8−5.0
    Namibia−6.3−5.7−5.8−7.8−7.6
    Niger−2.4−3.0−5.5−5.9−5.6
    Nigeria15.315.38.516.215.6
    Rwanda−9.3−8.5−9.6−11.8−12.2
    São Tomé and Príncipe−35.9−38.2−31.4−36.6−49.0
    Senegal−7.6−9.2−10.2−11.0−10.0
    Seychelles−31.5−32.1−20.0−12.8−9.0
    Sierra Leone−4.9−11.5−15.8−19.2−20.5
    South Africa2.74.34.21.71.1
    Swaziland−8.1−6.1−6.7−8.0−8.0
    Tanzania−8.2−8.4−7.4−6.7−9.7
    Togo−10.2−12.4−12.0−10.4−10.9
    Uganda−7.3−8.8−10.2−10.8−11.7
    Zambia−5.0−9.4−6.9−5.7−4.9
    Zimbabwe0.7−1.9−2.1−4.6−10.3
    Sub-Saharan Africa3.44.23.73.93.6
    Oil producing countries18.518.615.420.020.1
    Non-oil producing countries−0.8−0.5−0.3−1.3−2.0
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 15.Terms of Trade(Index, 1990=100)
    1997-20012001200220032004
    Angola102.9117.0117.0115.1120.9
    Benin84.087.373.378.888.8
    Botswana99.698.999.896.199.3
    Burkina Faso97.698.484.090.394.2
    Burundi100.673.273.270.568.2
    Cameroon99.0115.5110.6105.6101.9
    Cape Verde37.536.937.036.836.9
    Central African Republic83.175.873.988.997.0
    Chad157.5184.7172.4228.1254.0
    Comoros73.5167.6182.8110.094.7
    Congo, Rep. of111.3123.5161.9170.6150.3
    Congo, Dem. Rep. of137.1143.9162.6135.7126.1
    Cote d’Ivoire115.6100.1133.3141.1138.5
    Equatorial Guinea95.969.694.595.5123.8
    Ethiopia70.950.344.640.439.3
    Gabon87.186.393.392.5102.8
    Gambia, The69.841.642.031.339.1
    Ghana106.890.699.1103.2103.0
    Guinea87.386.688.485.884.5
    Guinea-Bissau86.372.180.673.874.5
    Kenya132.1126.2120.4119.0121.8
    Lesotho120.1128.9130.3132.8132.0
    Madagascar102.099.889.593.3100.6
    Malawi122.4116.5116.4104.899.3
    Mali101.799.2107.0108.9117.1
    Mauritius111.8116.1116.0112.7113.5
    Mozambique79.371.978.181.682.1
    Namibia89.292.1109.9100.294.3
    Niger74.578.890.087.894.2
    Nigeria97.5119.8119.1122.2117.7
    Rwanda126.0122.9104.480.083.0
    São Tomé and Príncipe99.493.495.782.076.4
    Senegal92.492.391.292.492.9
    Seychelles47.446.146.855.659.7
    Sierra Leone124.6113.7113.7113.5114.1
    South Africa93.792.092.291.591.4
    Swaziland98.495.294.593.595.2
    Tanzania99.095.598.5110.8100.3
    Togo57.049.952.763.073.3
    Uganda59.439.035.432.733.9
    Zambia63.258.654.558.061.6
    Zimbabwe113.7108.1106.899.199.5
    Sub-Saharan Africa98.099.2101.7100.8101.3
    Oil producing countries99.8117.2118.5121.1121.8
    Non-oil producing countries96.893.395.994.394.5
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 16.External Current Account, Including Grants, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola−14.9−15.1−5.8−6.2−4.4
    Benin−7.1−6.7−9.0−8.0−7.5
    Botswana9.67.67.33.63.6
    Burkina Faso−10.3−10.3−9.8−8.1−9.3
    Burundi−6.6−6.8−6.5−6.1−11.1
    Cameroon−2.6−1.7−7.2−3.1−3.2
    Cape Verde−10.3−10.7−11.8−10.3−10.5
    Central African Republic−3.5−4.8−2.9−3.6−2.8
    Chad−17.5−35.2−51.8−40.1−16.6
    Comoros−8.91.81.1−1.1−1.4
    Congo, Rep. of−9.2−3.2−0.3−0.7−1.4
    Congo, Dem. Rep. of−4.8−4.8−2.7−2.0−6.0
    Côte d’Ivoire−1.6−0.96.24.92.4
    Equatorial Guinea−43.2−32.1−6.70.316.0
    Ethiopia−4.3−3.6−5.7−4.7−7.9
    Gabon−3.00.30.7−1.2−5.8
    Gambia, The−3.1−3.5−2.2−5.1−0.7
    Ghana−8.9−5.30.5−0.4−1.0
    Guinea−6.5−2.4−6.5−4.8−5.6
    Guinea-Bissau−14.4−24.9−12.3−9.8−17.5
    Kenya−3.6−4.10.0−2.3−8.1
    Lesotho−22.1−13.4−17.5−11.8−15.0
    Madagascar−5.1−1.3−5.9−4.9−5.4
    Malawi−6.6−6.9−6.9−10.2−7.9
    Mali−8.5−10.4−4.3−7.0−6.2
    Mauritius−0.43.45.24.63.5
    Mozambique−17.9−21.9−17.8−18.9−13.1
    Namibia3.82.62.24.04.2
    Niger−6.3−4.8−7.2−8.8−7.8
    Nigeria1.12.3−6.10.11.2
    Rwanda−7.6−5.9−6.7−9.6−7.4
    São Tomé and Príncipe−41.4−51.6−43.0−43.2−62.4
    Senegal−5.1−4.9−5.7−6.6−5.7
    Seychelles−15.6−23.5−16.3−2.80.7
    Sierra Leone−5.5−8.9−10.1−14.7−17.0
    South Africa−0.9−0.30.3−1.2−1.8
    Swaziland−3.7−4.3−3.9−4.6−4.8
    Tanzania−7.3−5.0−4.0−2.6−6.0
    Togo−11.8−13.1−10.8−8.3−8.3
    Uganda−5.4−5.4−6.3−6.0−3.9
    Zambia−14.9−20.0−15.5−13.7−13.0
    Zimbabwe−2.9−3.3−2.2−4.5−8.8
    Sub-Saharan Africa−2.8−2.4−2.9−2.3−2.6
    Oil producing countries−2.9−2.3−6.7−2.4−0.9
    Non-oil producing countries−2.9−2.5−1.6−2.3−3.2
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 17.External Current Account, Excluding Grants, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola−16.1−16.1−6.5−7.0−5.3
    Benin−9.8−10.2−11.1−10.1−9.3
    Botswana5.23.72.8−2.2−2.9
    Burkina Faso−13.3−13.5−12.3−12.2−11.8
    Burundi−11.4−16.1−18.6−23.7−27.9
    Cameroon−2.8−2.1−7.5−4.0−3.8
    Cape Verde−17.8−14.4−17.3−17.3−16.0
    Central African Republic−6.8−6.2−4.1−3.9−4.6
    Chad−20.3−37.2−53.6−40.9−17.4
    Comoros−10.51.1−0.5−3.0−3.3
    Congo, Rep. of−9.5−3.4−0.5−0.9−1.7
    Congo, Dem. Rep. of−8.7−10.6−11.0−10.8−14.9
    Côte d’Ivoire−2.2−1.45.94.82.0
    Equatorial Guinea−43.3−32.1−6.70.216.0
    Ethiopia−8.6−9.7−12.9−12.8−14.0
    Gabon−3.00.30.6−1.3−6.0
    Gambia, The−10.5−10.8−12.7−13.7−11.5
    Ghana−12.2−10.3−3.1−5.5−5.1
    Guinea−7.8−5.2−7.8−5.8−6.3
    Guinea-Bissau−26.4−37.2−23.8−22.4−27.3
    Kenya−3.9−4.30.0−2.7−8.1
    Lesotho−38.8−29.9−34.6−27.0−30.2
    Madagascar−6.1−2.0−6.1−7.5−7.6
    Malawi−13.7−12.7−19.3−17.0−16.4
    Mali−10.4−12.6−5.9−9.7−7.0
    Mauritius−0.63.25.04.53.4
    Mozambique−24.3−28.1−23.3−25.1−17.7
    Namibia−8.0−8.4−7.5−8.9−8.2
    Niger−8.8−7.7−10.1−10.4−9.5
    Nigeria1.22.4−6.00.11.3
    Rwanda−16.8−15.9−16.5−20.9−21.7
    São Tomé and Príncipe−59.9−60.4−47.3−49.5−67.3
    Senegal−7.3−6.4−7.1−8.4−7.3
    Seychelles−17.6−25.0−18.2−4.5−0.6
    Sierra Leone−11.5−19.2−25.6−30.6−32.5
    South Africa−0.30.40.8−0.8−1.4
    Swaziland−12.6−12.8−6.3−7.5−7.7
    Tanzania−12.3−9.7−8.5−7.6−11.5
    Togo−14.5−14.7−12.1−9.4−9.4
    Uganda−11.3−12.3−13.5−13.0−13.7
    Zambia−16.7−20.8−18.0−15.3−13.9
    Zimbabwe−3.9−3.7−2.4−5.0−9.8
    Sub-Saharan Africa−3.8−3.5−4.0−3.5−3.8
    Oil producing countries−3.0−2.5−6.8−2.6−1.1
    Non-oil producing countries−4.1−3.9−3.1−3.8−4.7
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 18.Official Grants, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola1.21.00.80.90.8
    Benin2.73.52.22.11.9
    Botswana4.33.94.55.86.5
    Burkina Faso3.03.22.54.12.5
    Burundi4.89.312.117.616.8
    Cameroon0.10.40.30.90.6
    Cape Verde7.53.75.57.05.5
    Central African Republic3.21.41.20.31.7
    Chad2.82.01.80.80.8
    Comoros1.70.71.61.91.9
    Congo, Rep. of0.30.20.20.20.2
    Congo, Dem. Rep. of3.85.78.48.88.9
    Côte d’Ivoire0.50.50.30.10.4
    Equatorial Guinea0.20.10.00.00.0
    Ethiopia4.36.17.28.16.1
    Gabon0.00.00.10.10.2
    Gambia, The7.47.310.58.610.8
    Ghana3.25.03.65.14.0
    Guinea1.32.81.41.10.8
    Guinea-Bissau11.912.311.512.79.8
    Kenya0.20.20.00.40.0
    Lesotho16.716.617.115.215.2
    Madagascar1.00.70.22.52.2
    Malawi7.15.812.36.88.5
    Mali1.92.21.62.80.8
    Mauritius0.10.20.20.10.1
    Mozambique6.56.25.56.14.6
    Namibia11.711.09.712.912.4
    Niger2.53.02.91.71.7
    Nigeria−0.1−0.10.00.00.0
    Rwanda9.210.09.811.314.3
    São Tomé and Príncipe18.48.84.36.34.9
    Senegal2.31.51.41.81.5
    Seychelles2.01.51.81.61.3
    Sierra Leone6.010.315.515.915.5
    South Africa−0.6−0.6−0.5−0.4−0.3
    Swaziland8.98.52.42.82.8
    Tanzania5.04.74.55.15.5
    Togo2.71.51.21.11.2
    Uganda5.96.97.17.09.7
    Zambia1.80.92.61.50.9
    Zimbabwe1.00.40.20.50.9
    Sub-Saharan Africa1.01.11.21.21.2
    Oil producing countries0.10.20.20.30.2
    Non-oil producing countries1.21.41.51.51.5
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 19.Total External Debt, 1997-2004(In billions U.S. dollars)
    1997-20012001200220032004
    Angola10.19.69.39.69.6
    Benin1.71.81.92.02.0
    Botswana1.11.21.31.31.4
    Burkina Faso1.51.41.71.81.8
    Burundi1.11.11.11.21.2
    Cameroon7.97.05.56.16.2
    Cape Verde0.40.50.60.60.7
    Central African Republic0.90.91.01.21.5
    Chad1.00.90.90.91.0
    Comoros0.20.20.20.20.2
    Congo, Rep. of5.35.46.36.76.2
    Congo, Dem. Rep. of13.113.310.710.010.6
    Côte d’Ivoire11.610.69.111.212.7
    Equatorial Guinea0.30.30.30.30.3
    Ethiopia5.35.66.26.67.0
    Gabon3.53.13.33.82.8
    Gambia, The0.50.50.60.60.6
    Ghana6.36.86.56.56.4
    Guinea3.33.23.12.92.8
    Guinea-Bissau0.80.80.80.90.9
    Kenya5.44.75.25.35.6
    Lesotho0.60.50.60.60.6
    Madagascar4.54.54.54.64.7
    Malawi2.62.82.82.91.8
    Mali2.72.21.92.42.9
    Mauritius1.11.01.01.11.1
    Mozambique5.44.55.15.55.8
    Namibia0.10.10.10.10.1
    Niger1.71.81.81.61.7
    Nigeria29.229.729.829.329.0
    Rwanda1.21.31.41.51.5
    São Tomé and Príncipe0.30.30.30.30.3
    Senegal3.33.03.34.04.5
    Seychelles0.30.50.60.60.6
    Sierra Leone1.21.21.21.11.0
    South Africa36.630.832.733.331.6
    Swaziland0.30.30.40.50.5
    Tanzania7.47.05.56.16.2
    Togo1.41.51.72.02.0
    Uganda3.53.43.64.24.2
    Zambia6.25.65.14.74.2
    Zimbabwe4.85.05.45.76.0
    Sub-Saharan Africa195.6185.8184.1191.3191.9
    Oil producing countries57.256.055.456.655.1
    Non-oil producing countries138.4129.8128.8134.7136.8
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.
    Table 20.External Public Debt, 1997-2004(In percent of GDP)
    1997-20012001200220032004
    Angola67.859.345.744.038.7
    Benin72.575.569.355.846.3
    Botswana9.79.910.18.98.7
    Burkina Faso51.849.652.242.436.2
    Burundi139.6162.9181.6203.2181.8
    Cameroon72.866.854.648.440.9
    Cape Verde52.660.158.848.944.2
    Central African Republic82.188.292.495.0100.5
    Chad58.054.146.135.523.1
    Comoros100.6103.692.678.176.3
    Congo, Rep. of186.3152.2165.9151.8133.4
    Congo, Dem. Rep. of261.8252.4192.4178.4173.2
    Côte d’Ivoire72.179.761.964.256.9
    Equatorial Guinea35.516.413.09.37.7
    Ethiopia82.384.9100.697.494.0
    Gabon71.263.965.561.042.2
    Gambia, The107.8113.4138.4141.3144.5
    Ghana91.5116.195.677.567.5
    Guinea97.3105.896.481.778.6
    Guinea-Bissau382.2408.4410.7360.9360.3
    Kenya44.640.637.634.036.3
    Lesotho62.765.166.246.542.4
    Madagascar114.998.499.184.080.6
    Malawi138.0162.1145.8163.1104.3
    Mali95.771.358.455.256.6
    Mauritius12.910.410.79.68.6
    Mozambique70.152.453.347.644.6
    Namibia2.22.63.23.33.3
    Niger85.791.680.757.551.2
    Nigeria65.256.555.247.843.9
    Rwanda67.378.481.487.586.6
    São Tomé and Príncipe625.5546.0492.4461.1418.6
    Senegal72.665.965.461.257.5
    Seychelles21.127.739.738.339.6
    Sierra Leone153.5144.7132.3123.8114.0
    South Africa0.00.00.00.00.0
    Swaziland17.518.324.920.720.8
    Tanzania83.668.253.659.055.6
    Togo94.7109.4112.2109.290.7
    Uganda57.459.762.368.066.0
    Zambia181.6152.7135.5109.995.2
    Zimbabwe44.936.518.751.7108.0
    Sub-Saharan Africa43.644.041.334.932.3
    Oil producing countries70.761.057.250.443.6
    Non-oil producing countries36.638.435.829.828.4
    Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

    The main source of data for the Regional Economic Outlook is the African Department WEO/WETA data base as of February 10, 2004. The data base excludes Eritrea and Liberia, for which comprehensive data are not available.

    For the purpose of the Regional Economic Outlook, the term Sub-Saharan Africa refers to the 44 countries covered by the IMF’s African Department, It excludes Mauritania, Djibouti, Somalia and Sudan, which are covered by the IMF’s Middle East and Central Asia Department.

    The oil economies are Angola, Cameroon, Chad, Congo, Equatorial Guinea, Gabon, and Nigeria. São Tomé and Principe does not yet produce oil, but oil-related revenues are being generated from the sale of exploration and development concessions.

    The six countries to have reached the completion point under the Heavily Indebted Poor Countries (HIPC) Initiative are Benin, Burkina Faso, Mali, Mozambique, Tanzania, and Uganda.

    Some programs expired during the year, and others were approved. Twenty-one SSA countries had programs at the beginning of 2003 and 22 had programs at the end.

    Chad’s program formally expired on January 4, 2004 after a one-month extension. It expired without completion of the final review.

    Mali reached its completion point under the original HIPC Initiative in September 2000.

    The Fund Board approved the Burundi government’s request for a three-year arrangement under the PRGF on January 23, 2004.

    Seychelles and Mauritius are ranked 36 and 62, respectively. The next-highestranked SSA country is Cape Verde, at 103. The components of the HDI are life expectancy, adult literacy, school enrollment, and per capita income.

    UNAIDS/WHO, Aids Epidemic Update, December 2003.

    This figure is lower than the one reported in the previous SSA Regional Outlook. This is due primarily to the downward revision in the incidence of HIV in Zimbabwe.

    For the purposes of this report, seven countries are defined as conflict cases: Burundi, the C.A.R., the Republic of Congo, the DRC, Côte d’Ivoire, Madagascar, and Sierra Leone. A country is classified as being in conflict if there has been sustained fighting during the past three years.

    Liquidity conditions are considered to tighten when the difference between the growth rates of nominal broad money and real GDP declines. This measure does not account for shifts in money velocity, which may decline in periods of rapid disinflation (as in the DRC) or in the aftermath of conflict (as in the C.A.R.).

    While Seychelles and Zimbabwe have de jure fixed exchange rates regimes, both have large parallel foreign exchange markets with large premia. Inflation in Seychelles has been suppressed through the use of price controls.

    Not all countries have fiscal deficits. An increase in a fiscal balance refers to either an increase in the fiscal surplus or a reduction in the size of the fiscal deficit.

    As a result, domestic interest payments in Zimbabwe fell from 16.5 percent of GDP in 2000 to 1.9 percent in 2003.

    Net official flows include official transfers, net disbursements from multilateral and bilateral creditors, debt relief (forgiveness and rescheduling), and the net accumulation of external arrears.

    Total Fund credit outstanding increased for 11 countries and declined for 20.

    FDI is expected to have amounted to only 1 percent of GDP for all non-oil-exporting countries.

    Current-year external debt as a ratio to average exports of goods and services during the current and previous two years.

    The ratio has fallen in all but one of the last nine years.

    Monetary conditions are projected to be tighter than at any time since 1980.

    Including official transfers and debt relief, but excluding potential debt reschedulings.

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