Back Matter

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for specific countries. The reports include key data for countries in the region. Each report focuses on policy developments that have affected economic performance in the region, and discusses key challenges faced by policymakers. The near-term outlook, key risks, and their related policy challenges are analyzed throughout the reports, and current issues are explored, such as when and how to withdraw public interventions in financial systems globally while maintaining a still-fragile economic recovery.These indispensable surveys are the product of comprehensive intradepartmental reviews of economic developments that draw primarily on information the IMF staff gathers through consultation with member countries.

Annex Table: 1.

Selected Indicators for the Fastest and Slowest Growing Economies, 2003

(In percent of GDP, unless otherwise indicated)

^¹Data through November used for 2003

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

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 expenditures	Government balance	Investment	Net exports	Real effective exchange rate (in percent)
Fastest-growing economies
Equatorial Guinea	14.7	7.6	17.8	10.5	23.3	26.0	26.3	11.4
Chad	10.0	−1.0	4.7	19.7	−6.2	46.1	−46.1	14.6
Madagascar	9.6	−1.1	11.3	18.3	−3.9	20.5	−7.9	−4.1
Gambia, The	8.7	18.0	43.4	23.1	−5.9	20.3	−8.0	−27.9
Mozambique	7.0	13.5	13.5	28.1	−3.2	43.5	−23.2	−1.8
Sierra Leone	6.5	6.6	18.2	39.8	−9.4	21.8	−36.7	−14.9
Burkina Faso	6.5	3.0	9.1	21.6	−3.7	18.9	−8.2	3.3
Senegal	6.3	0.1	6.1	23.6	−1.9	20.2	−7.5	2.8
Nigeria	5.9	14.2	52.2	22.7	−2.7	21.0	22.2	−4.7
Tanzania	5.5	5.0	16.9	19.8	−1.5	17.7	0.3	−15.3
Median	6.8	5.8	15.2	22.1	−3.4	20.7	−8.0	−2.9
Mean	8.1	6.6	19.3	22.7	−1.5	25.6	−8.9	−3.7
Slowest-growing economies
Kenya	1.5	9.7	13.2	27.0	−3.7	14.0	−15.7	−0.5
Rwanda	0.9	7.4	11.0	24.2	−3.3	17.8	−9.1	−15.7
Congo, Rep. of	0.8	2.0	−5.7	29.9	0.1	23.1	−12.8	2.3
Burundi	−0.5	10.7	22.0	29.9	−5.1	11.0	−80.6	−18.4
Guinea-Bissau	−1.2	3.0	−2.4	35.2	−12.3	14.8	−27.8	−18.4
Côte d’Ivoire	−3.8	3.8	−2.5	19.0	−2.2	10.0	22.5	7.7
Ethiopia	−3.8	15.1	10.4	36.0	−8.4	21.2	−6.0	2.7
Seychelles	−5.1	7.0	−9.4	47.5	−3.5	19.0	1.8	−8.3
Central African Republic	−5.8	4.0	−4.8	13.0	−3.7	6.4	−3.6	5.7
Zimbabwe	−13.2	431.7	518.9	34.1	−6.8	3.0	−8.3	−42.3
Median	−2.5	7.2	4.0	29.9	−3.7	14.4	−8.7	−4.4
Mean	−3.0	49.4	55.1	29.6	−4.9	14.0	−14.0	−8.5
Sub-Saharan Africa
Median	4.0	6.3	12.0	25.4	−3.6	19.6	−8.1	1.1
Mean	3.2	19.0	25.7	27.9	−3.3	19.7	−11.2	−0.8

^¹Data through November used for 2003

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

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 expenditures	Government balance	Investment	Net exports	Real effective exchange rate (in percent)
Fastest-growing economies
Equatorial Guinea	14.7	7.6	17.8	10.5	23.3	26.0	26.3	11.4
Chad	10.0	−1.0	4.7	19.7	−6.2	46.1	−46.1	14.6
Madagascar	9.6	−1.1	11.3	18.3	−3.9	20.5	−7.9	−4.1
Gambia, The	8.7	18.0	43.4	23.1	−5.9	20.3	−8.0	−27.9
Mozambique	7.0	13.5	13.5	28.1	−3.2	43.5	−23.2	−1.8
Sierra Leone	6.5	6.6	18.2	39.8	−9.4	21.8	−36.7	−14.9
Burkina Faso	6.5	3.0	9.1	21.6	−3.7	18.9	−8.2	3.3
Senegal	6.3	0.1	6.1	23.6	−1.9	20.2	−7.5	2.8
Nigeria	5.9	14.2	52.2	22.7	−2.7	21.0	22.2	−4.7
Tanzania	5.5	5.0	16.9	19.8	−1.5	17.7	0.3	−15.3
Median	6.8	5.8	15.2	22.1	−3.4	20.7	−8.0	−2.9
Mean	8.1	6.6	19.3	22.7	−1.5	25.6	−8.9	−3.7
Slowest-growing economies
Kenya	1.5	9.7	13.2	27.0	−3.7	14.0	−15.7	−0.5
Rwanda	0.9	7.4	11.0	24.2	−3.3	17.8	−9.1	−15.7
Congo, Rep. of	0.8	2.0	−5.7	29.9	0.1	23.1	−12.8	2.3
Burundi	−0.5	10.7	22.0	29.9	−5.1	11.0	−80.6	−18.4
Guinea-Bissau	−1.2	3.0	−2.4	35.2	−12.3	14.8	−27.8	−18.4
Côte d’Ivoire	−3.8	3.8	−2.5	19.0	−2.2	10.0	22.5	7.7
Ethiopia	−3.8	15.1	10.4	36.0	−8.4	21.2	−6.0	2.7
Seychelles	−5.1	7.0	−9.4	47.5	−3.5	19.0	1.8	−8.3
Central African Republic	−5.8	4.0	−4.8	13.0	−3.7	6.4	−3.6	5.7
Zimbabwe	−13.2	431.7	518.9	34.1	−6.8	3.0	−8.3	−42.3
Median	−2.5	7.2	4.0	29.9	−3.7	14.4	−8.7	−4.4
Mean	−3.0	49.4	55.1	29.6	−4.9	14.0	−14.0	−8.5
Sub-Saharan Africa
Median	4.0	6.3	12.0	25.4	−3.6	19.6	−8.1	1.1
Mean	3.2	19.0	25.7	27.9	−3.3	19.7	−11.2	−0.8

^¹Data 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)

^¹Data 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 expenditures	Government balance	Investment	Net exports	Real effective exchange rate (in percent)
Fastest growing economies
Equatorial Guinea	23.0	6.4	43.2	16.0	9.6	55.4	−1.1	2.1
Mozambique	8.2	9.2	26.4	28.4	−4.5	37.9	−21.4	−3.4
Cape Verde	7.0	2.1	10.5	36.5	−7.7	19.5	−39.2	0.5
Chad	6.7	2.7	10.1	18.7	−5.3	33.6	−32.5	3.5
Rwanda	6.6	3.5	8.1	20.6	−2.1	17.1	−12.6	−6.5
Angola	6.0	173.4	244.6	54.0	−10.6	19.5	−5.6	2.1
Uganda	5.8	3.4	19.7	21.7	−4.0	20.0	−7.1	−7.3
Benin	5.3	3.0	10.0	19.3	−0.6	18.1	−12.3	2.1
Tanzania	5.2	7.2	13.2	16.8	−1.4	16.8	−2.7	−3.1
Botswana	5.1	6.6	18.3	43.0	2.0	27.9	12.6	3.2
Median	6.3	5.0	15.7	21.1	−3.0	19.8	−9.7	1.3
Mean	7.9	21.8	40.4	27.5	−2.5	26.6	−12.2	−0.7
Slowest growing economies
Burundi	1.5	9.8	19.3	26.0	−4.3	9.1	−52.0	−10.2
Togo	1.2	1.3	4.5	16.8	−2.8	14.6	−5.0	0.5
Kenya	1.1	6.5	4.0	26.3	−1.7	15.2	−19.4	1.0
C.A.R.	0.6	1.7	−2.2	15.6	−1.3	9.4	−2.8	0.4
Seychelles	0.4	4.7	9.8	54.7	−10.6	29.3	−10.1	1.6
Cote d’Ivoire	−0.2	3.2	7.7	19.0	−1.5	11.4	19.8	2.2
Gabon	−0.4	1.1	6.0	29.9	2.4	26.6	15.0	−0.2
Congo, D.R.	−1.0	220.9	234.1	11.0	−4.3	10.6	−32.1	12.8
Guinea-Bissau	−3.4	4.0	17.4	35.3	−12.1	15.6	−26.7	−1.8
Zimbabwe	−7.5	132.4	148.4	37.5	−9.0	9.5	−4.3	24.1
Median	0.1	4.4	8.8	26.2	−3.6	13.0	−7.6	0.8
Mean	−0.8	38.6	44.9	27.2	−4.5	15.1	−11.8	3.0
Sub-Saharan Africa
Median	3.1	6.2	12.8	25.3	−3.8	19.5	−7.0	0.4
Mean	3.5	18.8	28.9	27.9	−4.3	20.6	−10.5	−0.2

^¹Data 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 expenditures	Government balance	Investment	Net exports	Real effective exchange rate (in percent)
Fastest growing economies
Equatorial Guinea	23.0	6.4	43.2	16.0	9.6	55.4	−1.1	2.1
Mozambique	8.2	9.2	26.4	28.4	−4.5	37.9	−21.4	−3.4
Cape Verde	7.0	2.1	10.5	36.5	−7.7	19.5	−39.2	0.5
Chad	6.7	2.7	10.1	18.7	−5.3	33.6	−32.5	3.5
Rwanda	6.6	3.5	8.1	20.6	−2.1	17.1	−12.6	−6.5
Angola	6.0	173.4	244.6	54.0	−10.6	19.5	−5.6	2.1
Uganda	5.8	3.4	19.7	21.7	−4.0	20.0	−7.1	−7.3
Benin	5.3	3.0	10.0	19.3	−0.6	18.1	−12.3	2.1
Tanzania	5.2	7.2	13.2	16.8	−1.4	16.8	−2.7	−3.1
Botswana	5.1	6.6	18.3	43.0	2.0	27.9	12.6	3.2
Median	6.3	5.0	15.7	21.1	−3.0	19.8	−9.7	1.3
Mean	7.9	21.8	40.4	27.5	−2.5	26.6	−12.2	−0.7
Slowest growing economies
Burundi	1.5	9.8	19.3	26.0	−4.3	9.1	−52.0	−10.2
Togo	1.2	1.3	4.5	16.8	−2.8	14.6	−5.0	0.5
Kenya	1.1	6.5	4.0	26.3	−1.7	15.2	−19.4	1.0
C.A.R.	0.6	1.7	−2.2	15.6	−1.3	9.4	−2.8	0.4
Seychelles	0.4	4.7	9.8	54.7	−10.6	29.3	−10.1	1.6
Cote d’Ivoire	−0.2	3.2	7.7	19.0	−1.5	11.4	19.8	2.2
Gabon	−0.4	1.1	6.0	29.9	2.4	26.6	15.0	−0.2
Congo, D.R.	−1.0	220.9	234.1	11.0	−4.3	10.6	−32.1	12.8
Guinea-Bissau	−3.4	4.0	17.4	35.3	−12.1	15.6	−26.7	−1.8
Zimbabwe	−7.5	132.4	148.4	37.5	−9.0	9.5	−4.3	24.1
Median	0.1	4.4	8.8	26.2	−3.6	13.0	−7.6	0.8
Mean	−0.8	38.6	44.9	27.2	−4.5	15.1	−11.8	3.0
Sub-Saharan Africa
Median	3.1	6.2	12.8	25.3	−3.8	19.5	−7.0	0.4
Mean	3.5	18.8	28.9	27.9	−4.3	20.6	−10.5	−0.2

^¹Data 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)

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 1.

Real GDP Growth, 1997-2004

(In percent)

		1997-2001	2001	2002	2003	2004
Angola		4.9	3.2	15.3	4.5	12.8
Benin		5.1	5.0	6.0	5.5	6.0
Botswana		5.9	2.3	5.5	3.9	3.8
Burkina Faso		5.3	5.9	4.4	6.5	5.2
Burundi		1.0	2.2	4.5	−0.5	5.4
Cameroon		4.8	5.3	6.5	4.2	4.7
Cape Verde		8.1	5.1	4.3	5.0	5.0
Central African Republic		3.6	1.0	−0.8	−5.8	4.9
Chad		4.9	9.5	9.9	10.0	42.7
Comoros		1.6	1.9	2.5	2.5	3.0
Congo, Rep. of		2.4	3.6	3.5	0.8	5.8
Congo, Dem. Rep. of		−4.0	−2.1	3.5	5.0	6.0
Côte d’Ivoire		2.0	0.1	−1.6	−3.8	1.8
Equatorial Guinea		37.5	36.3	18.0	14.7	11.8
Ethiopia		4.5	7.7	1.2	−3.8	6.7
Gabon		0.1	2.0	0.0	2.8	1.1
Gambia, The		5.8	5.8	−3.2	8.7	5.6
Ghana		4.2	4.2	4.5	4.7	5.0
Guinea		4.0	3.8	4.2	2.1	4.6
Guinea-Bissau		−1.1	0.2	−7.2	−1.2	3.0
Kenya		1.2	1.2	1.0	1.5	2.6
Lesotho		1.4	3.3	3.8	3.9	4.2
Madagascar		4.6	6.0	−12.7	9.6	6.0
Malawi		1.6	−4.2	1.8	4.4	2.1
Mali		5.6	13.3	4.4	3.2	4.9
Mauritius		5.4	7.2	4.0	3.3	5.5
Mozambique		9.2	13.0	7.7	7.0	8.4
Namibia		3.3	2.3	3.3	3.7	4.7
Niger		3.7	7.1	3.0	4.0	4.1
Nigeria		2.7	2.7	1.6	5.9	2.7
Rwanda		8.6	6.7	9.4	0.9	6.1
São Tomé and Príncipe		2.6	4.0	4.1	4.5	6.5
Senegal		5.4	5.6	1.1	6.3	6.0
Seychelles		3.9	−2.2	0.3	−5.1	−2.0
Sierra Leone		−3.5	5.4	6.3	6.5	6.8
South Africa		2.3	2.7	3.6	1.9	2.6
Swaziland		2.9	1.7	3.6	2.2	1.7
Tanzania		4.5	6.1	6.3	5.5	6.3
Togo		0.5	−0.2	4.6	3.1	4.4
Uganda		5.7	5.3	6.7	4.9	5.5
Zambia		2.4	4.9	3.3	4.2	3.5
Zimbabwe		−3.5	−8.8	−12.8	−13.2	−9.2
Sub-Saharan Africa		3.0	3.5	3.4	2.8	4.2
	Oil producing countries	4.4	5.2	5.5	6.0	7.3
	Non-oil producing countries	2.7	3.1	2.9	2.1	3.5

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 1.

Real GDP Growth, 1997-2004

(In percent)

		1997-2001	2001	2002	2003	2004
Angola		4.9	3.2	15.3	4.5	12.8
Benin		5.1	5.0	6.0	5.5	6.0
Botswana		5.9	2.3	5.5	3.9	3.8
Burkina Faso		5.3	5.9	4.4	6.5	5.2
Burundi		1.0	2.2	4.5	−0.5	5.4
Cameroon		4.8	5.3	6.5	4.2	4.7
Cape Verde		8.1	5.1	4.3	5.0	5.0
Central African Republic		3.6	1.0	−0.8	−5.8	4.9
Chad		4.9	9.5	9.9	10.0	42.7
Comoros		1.6	1.9	2.5	2.5	3.0
Congo, Rep. of		2.4	3.6	3.5	0.8	5.8
Congo, Dem. Rep. of		−4.0	−2.1	3.5	5.0	6.0
Côte d’Ivoire		2.0	0.1	−1.6	−3.8	1.8
Equatorial Guinea		37.5	36.3	18.0	14.7	11.8
Ethiopia		4.5	7.7	1.2	−3.8	6.7
Gabon		0.1	2.0	0.0	2.8	1.1
Gambia, The		5.8	5.8	−3.2	8.7	5.6
Ghana		4.2	4.2	4.5	4.7	5.0
Guinea		4.0	3.8	4.2	2.1	4.6
Guinea-Bissau		−1.1	0.2	−7.2	−1.2	3.0
Kenya		1.2	1.2	1.0	1.5	2.6
Lesotho		1.4	3.3	3.8	3.9	4.2
Madagascar		4.6	6.0	−12.7	9.6	6.0
Malawi		1.6	−4.2	1.8	4.4	2.1
Mali		5.6	13.3	4.4	3.2	4.9
Mauritius		5.4	7.2	4.0	3.3	5.5
Mozambique		9.2	13.0	7.7	7.0	8.4
Namibia		3.3	2.3	3.3	3.7	4.7
Niger		3.7	7.1	3.0	4.0	4.1
Nigeria		2.7	2.7	1.6	5.9	2.7
Rwanda		8.6	6.7	9.4	0.9	6.1
São Tomé and Príncipe		2.6	4.0	4.1	4.5	6.5
Senegal		5.4	5.6	1.1	6.3	6.0
Seychelles		3.9	−2.2	0.3	−5.1	−2.0
Sierra Leone		−3.5	5.4	6.3	6.5	6.8
South Africa		2.3	2.7	3.6	1.9	2.6
Swaziland		2.9	1.7	3.6	2.2	1.7
Tanzania		4.5	6.1	6.3	5.5	6.3
Togo		0.5	−0.2	4.6	3.1	4.4
Uganda		5.7	5.3	6.7	4.9	5.5
Zambia		2.4	4.9	3.3	4.2	3.5
Zimbabwe		−3.5	−8.8	−12.8	−13.2	−9.2
Sub-Saharan Africa		3.0	3.5	3.4	2.8	4.2
	Oil producing countries	4.4	5.2	5.5	6.0	7.3
	Non-oil producing countries	2.7	3.1	2.9	2.1	3.5

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)

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)

		1997-2001	2001	2002	2003	2004
Angola		839	849	951	966	1,058
Benin		457	477	492	492	507
Botswana		3,812	4,121	4,327	4,488	4,664
Burkina Faso		465	483	491	511	524
Burundi		150	148	151	148	153
Cameroon		824	855	874	885	902
Cape Verde		1,273	1,407	1,441	1,485	1,531
Central African Republic		435	437	425	392	404
Chad		312	323	346	370	515
Comoros		517	499	498	497	499
Congo, Rep. of		1,105	1,120	1,126	1,103	1,134
Congo, Dem. Rep. of		112	97	98	99	102
Côte d’Ivoire		860	822	783	730	719
Equatorial Guinea		739	1,108	1,281	1,440	1,578
Ethiopia		179	188	186	174	180
Gabon		6,266	5,795	5,656	5,673	5,598
Gambia, The		326	342	322	342	352
Ghana		551	568	579	591	605
Guinea		478	486	492	488	496
Guinea-Bissau		244	235	210	203	204
Kenya		345	336	333	332	335
Lesotho		411	408	416	424	434
Madagascar		234	244	207	220	226
Malawi		231	220	220	225	225
Mali		366	389	398	401	411
Mauritius		3,368	3,659	3,765	3,847	4,020
Mozambique		261	291	306	320	338
Namibia		2,362	2,362	2,368	2,383	2,423
Niger		285	285	285	287	290
Nigeria		311	313	310	319	319
Rwanda		300	323	343	337	348
São Tomé and Príncipe		466	473	480	490	509
Senegal		799	844	831	859	885
Seychelles		6,955	6,945	7,001	6,565	6,358
Sierra Leone		89	87	90	94	98
South Africa		3,027	3,070	3,116	3,110	3,131
Swaziland		1,207	1,215	1,244	1,259	1,269
Tanzania		188	198	206	213	222
Togo		395	370	376	376	381
Uganda		384	402	414	420	429
Zambia		354	364	367	374	378
Zimbabwe		809	724	638	560	515
Sub-Saharan Africa		580	583	586	587	595
	Oil producing countries	458	462	471	482	498
	Non-oil producing countries	626	629	631	627	633

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)

		1997-2001	2001	2002	2003	2004
Angola		839	849	951	966	1,058
Benin		457	477	492	492	507
Botswana		3,812	4,121	4,327	4,488	4,664
Burkina Faso		465	483	491	511	524
Burundi		150	148	151	148	153
Cameroon		824	855	874	885	902
Cape Verde		1,273	1,407	1,441	1,485	1,531
Central African Republic		435	437	425	392	404
Chad		312	323	346	370	515
Comoros		517	499	498	497	499
Congo, Rep. of		1,105	1,120	1,126	1,103	1,134
Congo, Dem. Rep. of		112	97	98	99	102
Côte d’Ivoire		860	822	783	730	719
Equatorial Guinea		739	1,108	1,281	1,440	1,578
Ethiopia		179	188	186	174	180
Gabon		6,266	5,795	5,656	5,673	5,598
Gambia, The		326	342	322	342	352
Ghana		551	568	579	591	605
Guinea		478	486	492	488	496
Guinea-Bissau		244	235	210	203	204
Kenya		345	336	333	332	335
Lesotho		411	408	416	424	434
Madagascar		234	244	207	220	226
Malawi		231	220	220	225	225
Mali		366	389	398	401	411
Mauritius		3,368	3,659	3,765	3,847	4,020
Mozambique		261	291	306	320	338
Namibia		2,362	2,362	2,368	2,383	2,423
Niger		285	285	285	287	290
Nigeria		311	313	310	319	319
Rwanda		300	323	343	337	348
São Tomé and Príncipe		466	473	480	490	509
Senegal		799	844	831	859	885
Seychelles		6,955	6,945	7,001	6,565	6,358
Sierra Leone		89	87	90	94	98
South Africa		3,027	3,070	3,116	3,110	3,131
Swaziland		1,207	1,215	1,244	1,259	1,269
Tanzania		188	198	206	213	222
Togo		395	370	376	376	381
Uganda		384	402	414	420	429
Zambia		354	364	367	374	378
Zimbabwe		809	724	638	560	515
Sub-Saharan Africa		580	583	586	587	595
	Oil producing countries	458	462	471	482	498
	Non-oil producing countries	626	629	631	627	633

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 3.

Real Per Capita GDP Growth, 1997-2004

(In percent)

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 3.

Real Per Capita GDP Growth, 1997-2004

(In percent)

		1997-2001	2001	2002	2003	2004
Angola		1.9	0.2	12.1	1.5	9.6
Benin		2.2	2.1	3.1	−0.1	3.2
Botswana		4.5	1.5	5.0	3.7	3.9
Burkina Faso		2.8	3.3	1.8	3.9	2.6
Burundi		−0.5	0.2	2.4	−2.5	3.3
Cameroon		1.9	2.4	2.2	1.4	1.8
Cape Verde		5.7	3.2	2.4	3.1	3.1
Central African Republic		1.6	−1.0	−2.8	−7.7	2.8
Chad		1.6	6.7	7.1	7.1	39.1
Comoros		−1.0	−0.7	−0.2	−0.2	0.3
Congo, Rep. of		−0.5	0.6	0.6	−2.1	2.8
Congo, Dem. Rep. of		−6.6	−7.2	0.5	1.9	2.9
Côte d’Ivoire		−0.8	−3.1	−4.7	−6.8	−1.5
Equatorial Guinea		34.7	33.5	15.7	12.4	9.6
Ethiopia		1.4	4.6	−1.5	−6.4	3.8
Gabon		−2.4	−0.5	−2.4	0.3	−1.3
Gambia, The		2.2	2.9	−5.7	6.0	3.0
Ghana		1.6	1.6	1.9	2.1	2.4
Guinea		1.5	0.9	1.3	−0.8	1.6
Guinea-Bissau		−3.0	−1.8	−10.7	−3.6	0.4
Kenya		−1.0	−0.9	−0.8	−0.3	0.9
Lesotho		−0.6	1.3	1.9	2.0	2.2
Madagascar		1.5	2.9	−15.2	6.5	2.8
Malawi		−0.6	−6.2	−0.2	2.3	0.1
Mali		3.1	10.8	2.1	0.8	2.5
Mauritius		4.4	6.1	2.9	2.2	4.5
Mozambique		7.0	10.1	5.2	4.4	5.7
Namibia		0.3	−0.6	0.2	0.6	1.7
Niger		0.4	3.9	−0.1	0.9	1.0
Nigeria		−0.1	0.0	−1.1	3.1	0.0
Rwanda		1.7	3.6	6.2	−2.0	3.3
São Tomé and Príncipe		0.2	1.5	1.6	2.0	3.9
Senegal		2.8	2.7	−1.6	3.4	3.1
Seychelles		2.6	−2.3	0.8	−6.2	−3.2
Sierra Leone		−6.0	2.7	3.6	3.8	4.1
South Africa		0.3	0.7	1.5	−0.2	0.7
Swaziland		0.5	0.4	2.4	1.2	0.8
Tanzania		2.0	3.4	4.2	3.5	4.0
Togo		−2.5	−3.2	1.5	0.0	1.3
Uganda		2.2	1.8	3.1	1.4	2.0
Zambia		0.2	2.4	0.8	1.7	1.1
Zimbabwe		−3.3	−7.8	−11.9	−12.2	−8.2
Sub-Saharan Africa		0.2	0.4	0.6	0.1	1.5
	Oil producing countries	0.5	1.0	1.9	2.4	3.3
	Non-oil producing countries	0.2	0.2	0.2	−0.5	0.9

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 3.

Real Per Capita GDP Growth, 1997-2004

(In percent)

		1997-2001	2001	2002	2003	2004
Angola		1.9	0.2	12.1	1.5	9.6
Benin		2.2	2.1	3.1	−0.1	3.2
Botswana		4.5	1.5	5.0	3.7	3.9
Burkina Faso		2.8	3.3	1.8	3.9	2.6
Burundi		−0.5	0.2	2.4	−2.5	3.3
Cameroon		1.9	2.4	2.2	1.4	1.8
Cape Verde		5.7	3.2	2.4	3.1	3.1
Central African Republic		1.6	−1.0	−2.8	−7.7	2.8
Chad		1.6	6.7	7.1	7.1	39.1
Comoros		−1.0	−0.7	−0.2	−0.2	0.3
Congo, Rep. of		−0.5	0.6	0.6	−2.1	2.8
Congo, Dem. Rep. of		−6.6	−7.2	0.5	1.9	2.9
Côte d’Ivoire		−0.8	−3.1	−4.7	−6.8	−1.5
Equatorial Guinea		34.7	33.5	15.7	12.4	9.6
Ethiopia		1.4	4.6	−1.5	−6.4	3.8
Gabon		−2.4	−0.5	−2.4	0.3	−1.3
Gambia, The		2.2	2.9	−5.7	6.0	3.0
Ghana		1.6	1.6	1.9	2.1	2.4
Guinea		1.5	0.9	1.3	−0.8	1.6
Guinea-Bissau		−3.0	−1.8	−10.7	−3.6	0.4
Kenya		−1.0	−0.9	−0.8	−0.3	0.9
Lesotho		−0.6	1.3	1.9	2.0	2.2
Madagascar		1.5	2.9	−15.2	6.5	2.8
Malawi		−0.6	−6.2	−0.2	2.3	0.1
Mali		3.1	10.8	2.1	0.8	2.5
Mauritius		4.4	6.1	2.9	2.2	4.5
Mozambique		7.0	10.1	5.2	4.4	5.7
Namibia		0.3	−0.6	0.2	0.6	1.7
Niger		0.4	3.9	−0.1	0.9	1.0
Nigeria		−0.1	0.0	−1.1	3.1	0.0
Rwanda		1.7	3.6	6.2	−2.0	3.3
São Tomé and Príncipe		0.2	1.5	1.6	2.0	3.9
Senegal		2.8	2.7	−1.6	3.4	3.1
Seychelles		2.6	−2.3	0.8	−6.2	−3.2
Sierra Leone		−6.0	2.7	3.6	3.8	4.1
South Africa		0.3	0.7	1.5	−0.2	0.7
Swaziland		0.5	0.4	2.4	1.2	0.8
Tanzania		2.0	3.4	4.2	3.5	4.0
Togo		−2.5	−3.2	1.5	0.0	1.3
Uganda		2.2	1.8	3.1	1.4	2.0
Zambia		0.2	2.4	0.8	1.7	1.1
Zimbabwe		−3.3	−7.8	−11.9	−12.2	−8.2
Sub-Saharan Africa		0.2	0.4	0.6	0.1	1.5
	Oil producing countries	0.5	1.0	1.9	2.4	3.3
	Non-oil producing countries	0.2	0.2	0.2	−0.5	0.9

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 4.

Consumer Prices, 1997-2004

(Annual average percent change)

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 4.

Consumer Prices, 1997-2004

(Annual average percent change)

		1997-2001	2001	2002	2003	2004
Angola		211.0	152.6	108.9	98.3	40.2
Benin		3.6	4.0	2.4	1.5	2.6
Botswana		7.8	7.2	5.5	4.7	4.5
Burkina Faso		2.2	4.9	2.7	3.0	2.0
Burundi		16.1	9.3	−1.3	10.7	7.7
Cameroon		2.3	2.8	6.3	1.2	2.0
Cape Verde		3.6	3.8	1.8	1.2	2.0
Central African Republic		1.1	3.8	2.3	4.0	1.5
Chad		3.5	12.4	5.2	−1.0	3.0
Comoros		2.2	−3.5	3.3	2.5	2.0
Congo, Rep. of		3.8	0.8	3.1	2.0	2.0
Congo, Dem. Rep. of		297.5	357.9	27.7	9.1	6.0
Côte d’Ivoire		3.3	4.4	3.1	3.8	3.2
Equatorial Guinea		5.3	6.0	8.8	7.6	8.0
Ethiopia		0.5	−2.6	−7.2	15.1	5.5
Gabon		1.6	2.1	0.2	2.0	2.0
Gambia, The		2.7	4.5	8.6	18.0	14.9
Ghana		22.6	32.9	14.8	26.4	8.6
Guinea		4.7	5.4	3.0	12.9	8.8
Guinea-Bissau		13.4	3.3	3.3	3.0	3.0
Kenya		7.8	4.9	2.0	9.7	−0.2
Lesotho		7.6	6.9	12.3	7.1	6.3
Madagascar		7.3	6.9	16.2	−1.1	5.0
Malawi		28.1	27.2	14.9	9.6	9.9
Mali		1.3	5.2	2.4	0.5	2.5
Mauritius		6.2	4.4	6.4	5.0	5.0
Mozambique		6.3	9.0	16.8	13.5	11.5
Namibia		8.4	9.3	11.3	7.2	6.5
Niger		2.4	4.0	2.7	−0.7	0.9
Nigeria		10.0	18.0	13.7	14.2	15.5
Rwanda		4.7	3.4	2.0	7.4	6.9
São Tomé and Príncipe		29.6	9.5	9.2	9.6	13.3
Senegal		1.5	3.1	2.3	0.1	1.2
Seychelles		4.4	6.0	0.2	7.0	5.0
Sierra Leone		17.3	2.6	−3.7	6.6	4.8
South Africa		6.2	4.9	8.9	6.0	3.2
Swaziland		7.7	7.5	11.9	8.1	6.9
Tanzania		9.8	5.2	4.6	5.0	4.7
Togo		2.4	3.9	3.1	−0.8	0.9
Uganda		2.9	−2.0	5.7	5.9	3.5
Zambia		24.7	21.7	22.2	21.5	18.5
Zimbabwe		48.3	76.7	140.0	431.7	640.0
Sub-Saharan Africa		14.9	15.4	12.3	13.3	10.5
	Oil producing countries	23.5	26.0	21.5	19.7	15.0
	Non-oil producing countries	13.1	13.1	10.3	11.9	9.5

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 4.

Consumer Prices, 1997-2004

(Annual average percent change)

		1997-2001	2001	2002	2003	2004
Angola		211.0	152.6	108.9	98.3	40.2
Benin		3.6	4.0	2.4	1.5	2.6
Botswana		7.8	7.2	5.5	4.7	4.5
Burkina Faso		2.2	4.9	2.7	3.0	2.0
Burundi		16.1	9.3	−1.3	10.7	7.7
Cameroon		2.3	2.8	6.3	1.2	2.0
Cape Verde		3.6	3.8	1.8	1.2	2.0
Central African Republic		1.1	3.8	2.3	4.0	1.5
Chad		3.5	12.4	5.2	−1.0	3.0
Comoros		2.2	−3.5	3.3	2.5	2.0
Congo, Rep. of		3.8	0.8	3.1	2.0	2.0
Congo, Dem. Rep. of		297.5	357.9	27.7	9.1	6.0
Côte d’Ivoire		3.3	4.4	3.1	3.8	3.2
Equatorial Guinea		5.3	6.0	8.8	7.6	8.0
Ethiopia		0.5	−2.6	−7.2	15.1	5.5
Gabon		1.6	2.1	0.2	2.0	2.0
Gambia, The		2.7	4.5	8.6	18.0	14.9
Ghana		22.6	32.9	14.8	26.4	8.6
Guinea		4.7	5.4	3.0	12.9	8.8
Guinea-Bissau		13.4	3.3	3.3	3.0	3.0
Kenya		7.8	4.9	2.0	9.7	−0.2
Lesotho		7.6	6.9	12.3	7.1	6.3
Madagascar		7.3	6.9	16.2	−1.1	5.0
Malawi		28.1	27.2	14.9	9.6	9.9
Mali		1.3	5.2	2.4	0.5	2.5
Mauritius		6.2	4.4	6.4	5.0	5.0
Mozambique		6.3	9.0	16.8	13.5	11.5
Namibia		8.4	9.3	11.3	7.2	6.5
Niger		2.4	4.0	2.7	−0.7	0.9
Nigeria		10.0	18.0	13.7	14.2	15.5
Rwanda		4.7	3.4	2.0	7.4	6.9
São Tomé and Príncipe		29.6	9.5	9.2	9.6	13.3
Senegal		1.5	3.1	2.3	0.1	1.2
Seychelles		4.4	6.0	0.2	7.0	5.0
Sierra Leone		17.3	2.6	−3.7	6.6	4.8
South Africa		6.2	4.9	8.9	6.0	3.2
Swaziland		7.7	7.5	11.9	8.1	6.9
Tanzania		9.8	5.2	4.6	5.0	4.7
Togo		2.4	3.9	3.1	−0.8	0.9
Uganda		2.9	−2.0	5.7	5.9	3.5
Zambia		24.7	21.7	22.2	21.5	18.5
Zimbabwe		48.3	76.7	140.0	431.7	640.0
Sub-Saharan Africa		14.9	15.4	12.3	13.3	10.5
	Oil producing countries	23.5	26.0	21.5	19.7	15.0
	Non-oil producing countries	13.1	13.1	10.3	11.9	9.5

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 5.

Total Investment, 1997-2004

(In percent of GDP)

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 5.

Total Investment, 1997-2004

(In percent of GDP)

		1997-2001	2001	2002	2003	2004
Angola		23.2	12.6	12.8	13.6	12.1
Benin		18.2	19.2	17.8	18.1	19.3
Botswana		28.6	25.7	24.4	24.7	25.0
Burkina Faso		20.2	18.8	18.4	18.9	20.5
Burundi		8.6	8.6	8.6	11.0	11.6
Cameroon		17.3	17.8	19.6	17.3	18.2
Cape Verde		20.0	17.7	20.2	19.8	19.5
Central African Republic		9.6	8.4	8.9	6.4	7.8
Chad		23.1	43.0	59.3	46.1	19.9
Comoros		12.7	13.2	12.9	13.0	13.5
Congo, Rep. of		24.9	26.4	23.3	23.1	26.2
Congo, Dem. Rep. of		15.8	5.2	9.0	12.1	18.7
Côte d’Ivoire		12.5	11.0	10.4	10.0	11.3
Equatorial Guinea		72.7	55.6	28.8	26.0	17.0
Ethiopia		16.7	17.8	20.5	21.2	23.3
Gabon		28.4	25.8	24.4	24.6	25.7
Gambia, The		19.0	20.2	21.6	20.3	20.0
Ghana		24.0	26.6	19.7	22.3	23.0
Guinea		22.1	21.9	16.8	14.6	15.6
Guinea-Bissau		17.1	19.7	14.7	14.8	19.0
Kenya		16.4	14.7	13.6	14.0	18.6
Lesotho		46.7	45.4	38.6	34.4	33.2
Madagascar		20.5	29.1	16.0	20.5	21.3
Malawi		10.2	1.0	16.0	6.9	12.3
Mali		21.9	26.9	20.4	23.9	21.2
Mauritius		26.1	23.3	21.8	22.7	21.3
Mozambique		31.9	41.5	44.7	43.5	36.9
Namibia		22.5	23.5	21.2	19.9	20.3
Niger		11.4	12.1	14.2	15.4	16.3
Nigeria		18.8	18.6	22.3	21.0	24.7
Rwanda		16.4	18.4	16.9	17.8	19.2
São Tomé and Príncipe		39.6	29.8	26.6	30.4	45.9
Senegal		17.9	18.1	19.7	20.2	20.9
Seychelles		32.1	34.3	28.3	19.0	18.3
Sierra Leone		3.4	6.1	10.0	21.8	22.6
South Africa		15.8	14.6	15.9	15.3	15.4
Swaziland		21.2	22.8	18.0	19.4	19.0
Tanzania		16.2	17.0	16.6	17.7	18.6
Togo		14.3	15.2	13.2	14.5	13.2
Uganda		18.8	20.1	21.7	22.8	23.3
Zambia		17.4	20.0	23.0	26.2	18.5
Zimbabwe		14.4	0.3	0.9	3.0	3.0
Sub-Saharan Africa		17.9	17.0	17.3	17.5	18.3
	Oil producing countries	20.8	19.9	21.9	20.7	21.7
	Non-oil producing countries	17.1	16.1	15.7	16.5	17.2

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 5.

Total Investment, 1997-2004

(In percent of GDP)

		1997-2001	2001	2002	2003	2004
Angola		23.2	12.6	12.8	13.6	12.1
Benin		18.2	19.2	17.8	18.1	19.3
Botswana		28.6	25.7	24.4	24.7	25.0
Burkina Faso		20.2	18.8	18.4	18.9	20.5
Burundi		8.6	8.6	8.6	11.0	11.6
Cameroon		17.3	17.8	19.6	17.3	18.2
Cape Verde		20.0	17.7	20.2	19.8	19.5
Central African Republic		9.6	8.4	8.9	6.4	7.8
Chad		23.1	43.0	59.3	46.1	19.9
Comoros		12.7	13.2	12.9	13.0	13.5
Congo, Rep. of		24.9	26.4	23.3	23.1	26.2
Congo, Dem. Rep. of		15.8	5.2	9.0	12.1	18.7
Côte d’Ivoire		12.5	11.0	10.4	10.0	11.3
Equatorial Guinea		72.7	55.6	28.8	26.0	17.0
Ethiopia		16.7	17.8	20.5	21.2	23.3
Gabon		28.4	25.8	24.4	24.6	25.7
Gambia, The		19.0	20.2	21.6	20.3	20.0
Ghana		24.0	26.6	19.7	22.3	23.0
Guinea		22.1	21.9	16.8	14.6	15.6
Guinea-Bissau		17.1	19.7	14.7	14.8	19.0
Kenya		16.4	14.7	13.6	14.0	18.6
Lesotho		46.7	45.4	38.6	34.4	33.2
Madagascar		20.5	29.1	16.0	20.5	21.3
Malawi		10.2	1.0	16.0	6.9	12.3
Mali		21.9	26.9	20.4	23.9	21.2
Mauritius		26.1	23.3	21.8	22.7	21.3
Mozambique		31.9	41.5	44.7	43.5	36.9
Namibia		22.5	23.5	21.2	19.9	20.3
Niger		11.4	12.1	14.2	15.4	16.3
Nigeria		18.8	18.6	22.3	21.0	24.7
Rwanda		16.4	18.4	16.9	17.8	19.2
São Tomé and Príncipe		39.6	29.8	26.6	30.4	45.9
Senegal		17.9	18.1	19.7	20.2	20.9
Seychelles		32.1	34.3	28.3	19.0	18.3
Sierra Leone		3.4	6.1	10.0	21.8	22.6
South Africa		15.8	14.6	15.9	15.3	15.4
Swaziland		21.2	22.8	18.0	19.4	19.0
Tanzania		16.2	17.0	16.6	17.7	18.6
Togo		14.3	15.2	13.2	14.5	13.2
Uganda		18.8	20.1	21.7	22.8	23.3
Zambia		17.4	20.0	23.0	26.2	18.5
Zimbabwe		14.4	0.3	0.9	3.0	3.0
Sub-Saharan Africa		17.9	17.0	17.3	17.5	18.3
	Oil producing countries	20.8	19.9	21.9	20.7	21.7
	Non-oil producing countries	17.1	16.1	15.7	16.5	17.2

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 6.

Domestic Saving, 1997-2004

(In percent of GDP)

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 6.

Domestic Saving, 1997-2004

(In percent of GDP)

		1997-2001	2001	2002	2003	2004
Angola		8.2	−2.5	7.0	7.4	7.7
Benin		11.1	12.5	8.9	10.1	11.9
Botswana		40.7	39.6	41.8	41.0	38.9
Burkina Faso		10.1	8.4	8.6	10.8	11.2
Burundi		0.3	0.7	2.5	3.9	0.5
Cameroon		14.7	16.1	12.4	14.2	15.0
Cape Verde		9.7	7.0	8.4	9.4	9.1
Central African Republic		6.1	3.5	6.1	2.9	5.0
Chad		5.2	7.9	7.1	4.9	7.0
Comoros		7.4	12.5	12.1	10.1	10.4
Congo, Rep. of		15.6	23.3	23.0	22.4	24.8
Congo, Dem. Rep. of		11.0	0.4	6.3	10.1	12.7
Côte d’Ivoire		10.8	10.1	16.6	14.9	13.7
Equatorial Guinea		29.5	23.5	22.1	25.8	33.0
Ethiopia		12.4	14.2	14.8	16.6	15.4
Gabon		25.4	26.0	25.1	23.4	19.9
Gambia, The		15.9	16.7	19.5	15.1	19.3
Ghana		15.1	21.3	20.2	21.9	22.0
Guinea		15.6	19.6	10.3	9.9	10.1
Guinea-Bissau		2.7	−5.2	2.4	5.1	1.5
Kenya		12.8	10.6	13.5	11.7	10.5
Lesotho		24.6	32.0	21.9	22.6	18.3
Madagascar		15.4	27.8	10.1	15.5	15.9
Malawi		3.6	−5.4	3.7	−4.2	3.5
Mali		13.6	16.7	16.2	17.1	15.1
Mauritius		25.7	26.7	27.0	27.3	24.8
Mozambique		14.0	19.5	26.9	24.5	23.5
Namibia		26.0	25.4	22.6	22.3	22.7
Niger		5.1	7.4	7.0	6.7	8.6
Nigeria		19.8	20.9	16.1	18.7	23.5
Rwanda		8.8	12.5	10.3	8.2	11.9
São Tomé and Príncipe		20.8	6.9	6.1	10.1	−1.3
Senegal		12.8	13.3	14.0	13.6	15.2
Seychelles		16.1	10.7	6.8	14.1	15.8
Sierra Leone		−3.1	−6.6	−5.8	1.4	1.5
South Africa		14.9	14.3	16.2	14.1	13.6
Swaziland		17.4	18.5	14.1	14.7	14.1
Tanzania		7.3	11.8	12.4	15.0	12.5
Togo		2.6	2.1	2.4	6.2	5.0
Uganda		13.0	14.7	15.3	16.8	19.4
Zambia		3.8	9.2	16.5	20.0	12.4
Zimbabwe		9.3	−3.0	−1.3	−1.5	−5.8
Sub-Saharan Africa		14.6	14.4	15.1	15.0	15.2
	Oil producing countries	17.5	17.1	14.7	16.6	19.6
	Non-oil producing countries	14.0	13.8	15.2	14.6	14.2

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

Table 6.

Domestic Saving, 1997-2004

(In percent of GDP)

		1997-2001	2001	2002	2003	2004
Angola		8.2	−2.5	7.0	7.4	7.7
Benin		11.1	12.5	8.9	10.1	11.9
Botswana		40.7	39.6	41.8	41.0	38.9
Burkina Faso		10.1	8.4	8.6	10.8	11.2
Burundi		0.3	0.7	2.5	3.9	0.5
Cameroon		14.7	16.1	12.4	14.2	15.0
Cape Verde		9.7	7.0	8.4	9.4	9.1
Central African Republic		6.1	3.5	6.1	2.9	5.0
Chad		5.2	7.9	7.1	4.9	7.0
Comoros		7.4	12.5	12.1	10.1	10.4
Congo, Rep. of		15.6	23.3	23.0	22.4	24.8
Congo, Dem. Rep. of		11.0	0.4	6.3	10.1	12.7
Côte d’Ivoire		10.8	10.1	16.6	14.9	13.7
Equatorial Guinea		29.5	23.5	22.1	25.8	33.0
Ethiopia		12.4	14.2	14.8	16.6	15.4
Gabon		25.4	26.0	25.1	23.4	19.9
Gambia, The		15.9	16.7	19.5	15.1	19.3
Ghana		15.1	21.3	20.2	21.9	22.0
Guinea		15.6	19.6	10.3	9.9	10.1
Guinea-Bissau		2.7	−5.2	2.4	5.1	1.5
Kenya		12.8	10.6	13.5	11.7	10.5
Lesotho		24.6	32.0	21.9	22.6	18.3
Madagascar		15.4	27.8	10.1	15.5	15.9
Malawi		3.6	−5.4	3.7	−4.2	3.5
Mali		13.6	16.7	16.2	17.1	15.1
Mauritius		25.7	26.7	27.0	27.3	24.8
Mozambique		14.0	19.5	26.9	24.5	23.5
Namibia		26.0	25.4	22.6	22.3	22.7
Niger		5.1	7.4	7.0	6.7	8.6
Nigeria		19.8	20.9	16.1	18.7	23.5
Rwanda		8.8	12.5	10.3	8.2	11.9
São Tomé and Príncipe		20.8	6.9	6.1	10.1	−1.3
Senegal		12.8	13.3	14.0	13.6	15.2
Seychelles		16.1	10.7	6.8	14.1	15.8
Sierra Leone		−3.1	−6.6	−5.8	1.4	1.5
South Africa		14.9	14.3	16.2	14.1	13.6
Swaziland		17.4	18.5	14.1	14.7	14.1
Tanzania		7.3	11.8	12.4	15.0	12.5
Togo		2.6	2.1	2.4	6.2	5.0
Uganda		13.0	14.7	15.3	16.8	19.4
Zambia		3.8	9.2	16.5	20.0	12.4
Zimbabwe		9.3	−3.0	−1.3	−1.5	−5.8
Sub-Saharan Africa		14.6	14.4	15.1	15.0	15.2
	Oil producing countries	17.5	17.1	14.7	16.6	19.6
	Non-oil producing countries	14.0	13.8	15.2	14.6	14.2

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)

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)

		1997-2001	2001	2002	2003	2004
Angola		−14.2	−1.5	−9.0	−6.2	−3.4
Benin		0.2	−1.5	−2.4	−1.9	−2.6
Botswana		4.5	−0.3	1.1	−2.7	0.7
Burkina Faso		−3.2	−3.9	−4.9	−3.7	−4.9
Burundi		−4.9	−5.2	−1.4	−5.1	−7.6
Cameroon		−0.4	2.4	1.8	2.6	2.3
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	−8.1	0.1	−1.3
Congo, Dem. Rep. of		−5.0	−1.7	−2.7	−3.8	−5.0
Côte d’Ivoire		−1.5	0.9	−1.2	−2.2	−0.7
Equatorial Guinea		4.8	15.0	12.4	23.3	27.8
Ethiopia		−6.6	−5.5	−9.3	−8.4	−7.1
Gabon		0.7	3.2	3.5	8.7	4.0
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		−3.8	0.6	−4.2	−2.9	0.9
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	−1.2	0.2
Niger		−3.6	−3.2	−2.8	−2.9	−4.4
Nigeria		−2.4	−2.7	−5.1	−2.7	2.7
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	−2.0	0.4	−1.9	−2.5
Seychelles		−10.4	−6.9	−18.7	−3.5	6.8
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	−0.2	1.2
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	−1.0	2.3
	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 7.

Overall Fiscal Balance, Including Grants, 1997-2004

(In percent of GDP)

		1997-2001	2001	2002	2003	2004
Angola		−14.2	−1.5	−9.0	−6.2	−3.4
Benin		0.2	−1.5	−2.4	−1.9	−2.6
Botswana		4.5	−0.3	1.1	−2.7	0.7
Burkina Faso		−3.2	−3.9	−4.9	−3.7	−4.9
Burundi		−4.9	−5.2	−1.4	−5.1	−7.6
Cameroon		−0.4	2.4	1.8	2.6	2.3
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	−8.1	0.1	−1.3
Congo, Dem. Rep. of		−5.0	−1.7	−2.7	−3.8	−5.0
Côte d’Ivoire		−1.5	0.9	−1.2	−2.2	−0.7
Equatorial Guinea		4.8	15.0	12.4	23.3	27.8
Ethiopia		−6.6	−5.5	−9.3	−8.4	−7.1
Gabon		0.7	3.2	3.5	8.7	4.0
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		−3.8	0.6	−4.2	−2.9	0.9
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	−1.2	0.2
Niger		−3.6	−3.2	−2.8	−2.9	−4.4
Nigeria		−2.4	−2.7	−5.1	−2.7	2.7
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	−2.0	0.4	−1.9	−2.5
Seychelles		−10.4	−6.9	−18.7	−3.5	6.8
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	−0.2	1.2
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	−1.0	2.3
	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)

Sources: IMF, African Department database, February 2004; and WEO database, February 2004.

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