Statistical Appendix

International Monetary Fund. African Dept.

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International Monetary Fund. African Dept.

International Monetary Fund. African Dept.
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Language:: English

Print Publication Date:: 03 May 2006

Keywords:: REO; CFA franc; floating exchange rate; oil-importing country; trade balance; Dem. rep.; terms of trade; fixed exchange rate regime; African Department database; Floating exchange rates; Oil; Fiscal stance; Africa; Sub-Saharan Africa; Exchange rate arrangements; Oil exports

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Abstract

Estimates and projections used in this report are based on data provided by country desks as of August 30, 2006. Projections are staff estimates. The database covers 44 countries of the African Department; Eritrea and Liberia are not included in aggregate groupings because of data limitations. The rest of the data are consistent with those underlying the World Economic Outlook (WEO), September 2006. While data follow established international statistical methodologies to the extent possible, variable choice may be determined by country-specific definitions. The coverage and definitions of data for different countries are therefore not always comparable. Moreover, many countries are not yet able to compile high-quality data.

Estimates and projections used in this report are based on data provided by country desks as of August 30, 2006. Projections are staff estimates. The database covers 44 countries of the African Department; Eritrea and Liberia are not included in aggregate groupings because of data limitations. The rest of the data are consistent with those underlying the World Economic Outlook (WEO), September 2006. While data follow established international statistical methodologies to the extent possible, variable choice may be determined by country-specific definitions. The coverage and definitions of data for different countries are therefore not always comparable. Moreover, many countries are not yet able to compile high-quality data.

Data and Conventions

For Tables SA1–2, SA7, SA21, and SA22, country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP valued at purchasing power parity (PPP) as a share of the total group GDP. The source of PPP weights is the WEO database.

For Tables SA3–4, SA6, SA8–12, SA14–20, and SA23–25, country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP in U.S. dollars at market exchange rates as a share of total group GDP.

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

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

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

Sub-Saharan Africa: Country Groupings 1/

Note: Asterisk (*) marks countries that have reached the completion point under the enhanced HIPC Initiative and have qualified for MDRI relief.

^{^1/}These groupings follow Collier and O’Connell (2006), who show that the effect of being resource-rich is independent of location and thus classify all SSA economies by endowment and location. A country is classified as resource-rich if primary commodity rents exceed 10 percent of GDP (South Africa is not classified as resource-intensive, using this criterion). In terms of location, countries are classified by whether they have ocean access (coastal) or are landlocked.

Sub-Saharan Africa: Country Groupings 1/

Resource Intensive		Non-Resource Intensive
Oil	Non-oil	Coastal	Landlocked
Angola	Botswana	Benin *	Burkina Faso *
Cameroon *	Guinea	Cape Verde	Burundi
Chad	Namibia	Comoros	Central African Republic
Côte d’Ivoire	São Tomé and Príncipe	Gambia, The	Congo, Dem. Rep. of
Congo, Rep. of	Sierra Leone	Ghana *	Ethiopia *
Equatorial Guinea	Zambia *	Guinea-Bissau	Lesotho
Gabon		Kenya	Malawi
Nigeria		Madagascar *	Mali *
		Mauritius	Niger *
		Mozambique *	Rwanda *
		Senegal *	Swaziland
		Seychelles	Uganda *
		South Africa	Zimbabwe
		Tanzania *
		Togo

Note: Asterisk (*) marks countries that have reached the completion point under the enhanced HIPC Initiative and have qualified for MDRI relief.

Sub-Saharan Africa: Country Groupings 1/

Resource Intensive		Non-Resource Intensive
Oil	Non-oil	Coastal	Landlocked
Angola	Botswana	Benin *	Burkina Faso *
Cameroon *	Guinea	Cape Verde	Burundi
Chad	Namibia	Comoros	Central African Republic
Côte d’Ivoire	São Tomé and Príncipe	Gambia, The	Congo, Dem. Rep. of
Congo, Rep. of	Sierra Leone	Ghana *	Ethiopia *
Equatorial Guinea	Zambia *	Guinea-Bissau	Lesotho
Gabon		Kenya	Malawi
Nigeria		Madagascar *	Mali *
		Mauritius	Niger *
		Mozambique *	Rwanda *
		Senegal *	Swaziland
		Seychelles	Uganda *
		South Africa	Zimbabwe
		Tanzania *
		Togo

Note: Asterisk (*) marks countries that have reached the completion point under the enhanced HIPC Initiative and have qualified for MDRI relief.

List of Tables

SA1. Real GDP Growth, 1997-2007 33

SA2. Real Non-Oil GDP Growth, 1997-2006 34

SA3. Real Per Capita GDP Growth, 1997-2006 35

SA4. Real Per Capita GDP, 1997-2006 36

SA5. Consumer Prices, 1997-2007 37

SA6. Total Investment, 1997-2006 38

SA7. Domestic Saving, 1997-2006 39

SA8. Overall Fiscal Balance, Including Grants, 1997-2006 40

SA9. Overall Fiscal Balance, Excluding Grants, 1997-2006 41

SA10. Government Revenue, Excluding Grants, 1997-2006 42

SA11. Government Expenditure, 1997-2006 43

SA12. Broad Money, 1997-2006 44

SA13. Broad Money Growth, 1997-2006 45

SA14. Claims on Nonfinancial Private Sector, 1997-2006 46

SA15. Export of Goods and Services, 1997-2006 47

SA16. Imports of Goods and Services, 1997-2006 48

SA17. Trade Balance, 1997-2006 49

SA18. External Current Account, Including Grants, 1997-2007 50

SA19. External Current Account, Excluding Grants, 1997-2007 51

SA20. Official Grants, 1997-2006 52

SA21. Real Effective Exchange Rates, 1997-2005 53

SA22. Nominal Effective Exchange Rates, 1997-2005 54

SA23. External Debt to Official Creditors, 1997-2006 55

SA24. Terms of Trade, 1997-2006 56

SA25. Reserves, 1997-2006 57

Table SA1.

Real GDP Growth

(Percent)

Sources: IMF, African Department database, August 30, 2006; and World Economic Outlook (WEO) database, August 30,

Table SA1.

Real GDP Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		4.2	4.2	7.7	8.3	7.8	5.6	10.1
	Angola	3.0	14.5	3.3	11.2	20.6	14.3	31.4
	Cameroon	4.6	4.0	4.0	3.7	2.6	4.2	4.3
	Chad	4.5	8.5	14.7	31.3	12.2	0.1	2.5
	Congo, Rep. of	2.4	4.6	0.8	3.6	7.9	7.4	2.1
	Côte d’Ivoire	1.7	–1.4	–1.5	1.8	1.9	1.9	3.0
	Equatorial Guinea	57.7	21.3	14.1	32.4	6.0	–1.0	9.4
	Gabon	0.1	–0.3	2.4	1.4	2.9	2.2	2.5
	Nigeria	2.7	1.5	10.7	6.0	6.9	5.2	6.4
Oil-importing countries		2.8	3.3	3.0	4.9	5.0	4.5	4.6
	Benin	5.2	4.5	3.9	3.1	2.9	4.5	5.1
	Botswana	8.2	5.6	6.3	6.0	6.2	4.2	4.3
	Burkina Faso	5.9	5.2	7.9	4.0	7.1	5.6	5.8
	Burundi	1.1	4.4	–1.2	4.8	0.9	6.1	6.6
	Cape Verde	8.3	5.3	4.7	4.4	5.8	5.5	6.0
	Central African Republic	3.4	–0.6	–7.6	1.3	2.2	3.2	3.8
	Comoros	2.4	4.1	2.5	–0.2	4.2	1.2	3.0
	Congo, Dem. Rep. of	–4.1	3.5	5.8	6.6	6.5	6.5	7.2
	Eritrea	1.2	0.7	3.0	3.5	4.8	2.0	4.0
	Ethiopia	3.9	0.0	–3.1	12.3	8.7	5.4	5.5
	Gambia, The	6.0	–3.2	6.9	5.1	5.0	4.5	5.0
	Ghana	4.2	4.5	5.2	5.8	5.8	6.0	6.0
	Guinea	4.1	4.2	1.2	2.7	3.3	5.0	5.4
	Guinea-Bissau	–1.1	–7.1	–0.6	2.2	3.2	4.6	5.2
	Kenya	2.3	0.3	2.8	4.6	5.7	5.4	5.2
	Lesotho	0.9	3.6	3.2	2.7	1.3	1.6	1.4
	Liberia	n.a.	31.8	–33.9	–5.2	9.5	7.0	8.1
	Madagascar	4.6	–12.7	9.8	5.3	4.6	4.7	5.6
	Malawi	1.6	2.1	3.9	5.1	2.1	8.4	5.6
	Mali	5.1	4.3	7.2	2.4	6.1	5.1	5.4
	Mauritius	5.4	2.0	3.6	4.5	3.4	3.4	3.4
	Mozambique	9.2	8.2	7.9	7.5	7.7	7.9	7.0
	Namibia	3.4	6.7	3.5	5.9	3.5	4.5	4.5
	Niger	3.7	3.0	5.3	–0.6	7.0	3.5	4.2
	Rwanda	8.6	9.4	0.9	4.0	6.0	3.0	4.3
	São Tomé and Príncipe	2.6	4.1	4.0	3.8	3.8	5.5	5.5
	Senegal	4.6	0.7	6.7	5.6	5.5	4.0	5.3
	Seychelles	3.7	1.3	–6.3	–2.0	–2.2	–1.4	–1.6
	Sierra Leone	–0.9	27.5	9.3	7.4	7.2	7.4	6.5
	South Africa	2.5	3.7	3.0	4.5	4.9	4.2	4.0
	Swaziland	2.8	2.9	2.4	2.1	1.9	1.2	1.0
	Tanzania	4.4	7.2	5.7	6.7	6.8	5.9	7.3
	Togo	1.0	4.1	1.9	3.0	0.8	4.2	4.5
	Uganda	5.5	6.9	4.4	5.7	6.0	5.5	6.0
	Zambia	2.4	3.3	5.1	5.4	5.1	6.0	6.0
	Zimbabwe	–2.4	–4.4	–10.4	–3.8	–6.5	–5.1	–4.7
Sub-Saharan Africa		3.1	3.5	4.0	5.7	5.6	4.8	5.9
	Excluding Nigeria and South Africa	3.6	3.7	3.3	6.5	5.9	5.1	7.2
CFA franc zone		5.6	3.9	4.9	7.6	4.7	3.2	4.7
	WAEMU	3.6	2.0	4.0	2.9	4.4	3.9	4.7
	CEMAC	8.5	6.4	6.1	13.1	4.9	2.4	4.7
SADC		2.2	4.0	2.9	4.8	5.4	4.8	6.2
COMESA		1.9	2.7	1.4	6.2	6.6	5.8	9.0
Resource intensive countries		4.2	4.6	7.1	7.8	7.3	5.5	9.3
	Oil	4.2	4.2	7.7	8.3	7.8	5.6	10.1
	Non-oil	4.4	6.5	4.2	5.1	4.7	5.0	5.1
Non-resource intensive countries		2.7	3.1	2.9	4.8	5.0	4.5	4.6
	Coastal	3.0	3.4	3.6	4.7	5.1	4.5	4.5
	Landlocked	1.7	2.3	0.8	5.2	4.9	4.2	4.6
MDRI		4.9	3.6	4.2	6.2	6.1	5.3	5.7
HIPC Initiative (completion point countries)		4.9	3.6	4.2	6.2	6.1	5.3	5.7
Fixed exchange rate regime		4.1	2.9	2.8	5.8	3.4	2.5	3.6
Floating exchange rate regime		2.8	3.6	4.3	5.6	6.2	5.3	6.4

Sources: IMF, African Department database, August 30, 2006; and World Economic Outlook (WEO) database, August 30,

Table SA1.

Real GDP Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		4.2	4.2	7.7	8.3	7.8	5.6	10.1
	Angola	3.0	14.5	3.3	11.2	20.6	14.3	31.4
	Cameroon	4.6	4.0	4.0	3.7	2.6	4.2	4.3
	Chad	4.5	8.5	14.7	31.3	12.2	0.1	2.5
	Congo, Rep. of	2.4	4.6	0.8	3.6	7.9	7.4	2.1
	Côte d’Ivoire	1.7	–1.4	–1.5	1.8	1.9	1.9	3.0
	Equatorial Guinea	57.7	21.3	14.1	32.4	6.0	–1.0	9.4
	Gabon	0.1	–0.3	2.4	1.4	2.9	2.2	2.5
	Nigeria	2.7	1.5	10.7	6.0	6.9	5.2	6.4
Oil-importing countries		2.8	3.3	3.0	4.9	5.0	4.5	4.6
	Benin	5.2	4.5	3.9	3.1	2.9	4.5	5.1
	Botswana	8.2	5.6	6.3	6.0	6.2	4.2	4.3
	Burkina Faso	5.9	5.2	7.9	4.0	7.1	5.6	5.8
	Burundi	1.1	4.4	–1.2	4.8	0.9	6.1	6.6
	Cape Verde	8.3	5.3	4.7	4.4	5.8	5.5	6.0
	Central African Republic	3.4	–0.6	–7.6	1.3	2.2	3.2	3.8
	Comoros	2.4	4.1	2.5	–0.2	4.2	1.2	3.0
	Congo, Dem. Rep. of	–4.1	3.5	5.8	6.6	6.5	6.5	7.2
	Eritrea	1.2	0.7	3.0	3.5	4.8	2.0	4.0
	Ethiopia	3.9	0.0	–3.1	12.3	8.7	5.4	5.5
	Gambia, The	6.0	–3.2	6.9	5.1	5.0	4.5	5.0
	Ghana	4.2	4.5	5.2	5.8	5.8	6.0	6.0
	Guinea	4.1	4.2	1.2	2.7	3.3	5.0	5.4
	Guinea-Bissau	–1.1	–7.1	–0.6	2.2	3.2	4.6	5.2
	Kenya	2.3	0.3	2.8	4.6	5.7	5.4	5.2
	Lesotho	0.9	3.6	3.2	2.7	1.3	1.6	1.4
	Liberia	n.a.	31.8	–33.9	–5.2	9.5	7.0	8.1
	Madagascar	4.6	–12.7	9.8	5.3	4.6	4.7	5.6
	Malawi	1.6	2.1	3.9	5.1	2.1	8.4	5.6
	Mali	5.1	4.3	7.2	2.4	6.1	5.1	5.4
	Mauritius	5.4	2.0	3.6	4.5	3.4	3.4	3.4
	Mozambique	9.2	8.2	7.9	7.5	7.7	7.9	7.0
	Namibia	3.4	6.7	3.5	5.9	3.5	4.5	4.5
	Niger	3.7	3.0	5.3	–0.6	7.0	3.5	4.2
	Rwanda	8.6	9.4	0.9	4.0	6.0	3.0	4.3
	São Tomé and Príncipe	2.6	4.1	4.0	3.8	3.8	5.5	5.5
	Senegal	4.6	0.7	6.7	5.6	5.5	4.0	5.3
	Seychelles	3.7	1.3	–6.3	–2.0	–2.2	–1.4	–1.6
	Sierra Leone	–0.9	27.5	9.3	7.4	7.2	7.4	6.5
	South Africa	2.5	3.7	3.0	4.5	4.9	4.2	4.0
	Swaziland	2.8	2.9	2.4	2.1	1.9	1.2	1.0
	Tanzania	4.4	7.2	5.7	6.7	6.8	5.9	7.3
	Togo	1.0	4.1	1.9	3.0	0.8	4.2	4.5
	Uganda	5.5	6.9	4.4	5.7	6.0	5.5	6.0
	Zambia	2.4	3.3	5.1	5.4	5.1	6.0	6.0
	Zimbabwe	–2.4	–4.4	–10.4	–3.8	–6.5	–5.1	–4.7
Sub-Saharan Africa		3.1	3.5	4.0	5.7	5.6	4.8	5.9
	Excluding Nigeria and South Africa	3.6	3.7	3.3	6.5	5.9	5.1	7.2
CFA franc zone		5.6	3.9	4.9	7.6	4.7	3.2	4.7
	WAEMU	3.6	2.0	4.0	2.9	4.4	3.9	4.7
	CEMAC	8.5	6.4	6.1	13.1	4.9	2.4	4.7
SADC		2.2	4.0	2.9	4.8	5.4	4.8	6.2
COMESA		1.9	2.7	1.4	6.2	6.6	5.8	9.0
Resource intensive countries		4.2	4.6	7.1	7.8	7.3	5.5	9.3
	Oil	4.2	4.2	7.7	8.3	7.8	5.6	10.1
	Non-oil	4.4	6.5	4.2	5.1	4.7	5.0	5.1
Non-resource intensive countries		2.7	3.1	2.9	4.8	5.0	4.5	4.6
	Coastal	3.0	3.4	3.6	4.7	5.1	4.5	4.5
	Landlocked	1.7	2.3	0.8	5.2	4.9	4.2	4.6
MDRI		4.9	3.6	4.2	6.2	6.1	5.3	5.7
HIPC Initiative (completion point countries)		4.9	3.6	4.2	6.2	6.1	5.3	5.7
Fixed exchange rate regime		4.1	2.9	2.8	5.8	3.4	2.5	3.6
Floating exchange rate regime		2.8	3.6	4.3	5.6	6.2	5.3	6.4

Sources: IMF, African Department database, August 30, 2006; and World Economic Outlook (WEO) database, August 30,

Table SA2.

Real Non-Oil GDP Growth

(Percent)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA2.

Real Non-Oil GDP Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		7.2	5.7	4.7	6.7	6.1	6.5
	Angola	8.8	3.1	7.8	10.0	–1.4	7.4
	Cameroon	5.5	4.9	4.9	4.9	3.5	4.0
	Chad	4.1	6.9	6.0	–0.5	17.9	3.5
	Congo, Rep. of	1.7	8.5	5.4	5.2	5.5	6.3
	Côte d’Ivoire	1.7	–1.7	–2.0	1.7	1.2	0.9
	Equatorial Guinea	12.8	8.5	13.2	11.9	9.9	16.2
	Gabon	2.9	0.2	0.9	2.3	4.4	3.5
	Nigeria	3.7	8.0	4.4	7.4	8.2	7.0
Oil-importing countries		2.7	3.3	3.0	4.8	5.0	4.5
	Benin	5.2	4.5	3.9	3.1	2.9	4.5
	Botswana	5.7	7.2	7.0	3.6	3.9	5.6
	Burkina Faso	5.9	5.2	7.9	4.0	7.1	5.6
	Burundi	1.1	4.4	–1.2	4.8	0.9	6.1
	Cape Verde	8.3	5.3	4.7	4.4	5.8	5.5
	Central African Republic	3.4	–0.6	–7.6	1.3	2.2	3.2
	Comoros	2.4	4.1	2.5	–0.2	4.2	1.2
	Congo, Dem. Rep. of	–4.1	3.5	5.8	6.6	6.5	6.5
	Eritrea	1.2	0.6	3.9	2.0	4.8	2.0
	Ethiopia	3.9	0.0	–3.1	12.3	8.7	5.4
	Gambia, The	6.0	–3.2	6.9	5.1	5.0	4.5
	Ghana	4.2	4.5	5.2	5.8	5.8	6.0
	Guinea	4.1	4.2	1.2	2.7	3.3	5.0
	Guinea-Bissau	1.5	–7.1	–0.6	2.2	3.2	4.6
	Kenya	2.3	0.3	2.8	4.6	5.7	5.4
	Lesotho	1.3	3.6	3.2	2.7	1.3	1.6
	Liberia	n.a.	31.8	–33.9	–5.2	9.5	7.0
	Madagascar	4.6	–12.7	9.8	5.3	4.6	4.7
	Malawi	1.6	2.1	3.9	5.1	2.1	8.4
	Mali	5.1	4.3	7.2	2.2	6.4	6.7
	Mauritius	5.4	2.0	3.6	4.5	3.4	3.4
	Mozambique	9.2	8.2	7.9	7.5	7.7	7.9
	Namibia	3.4	6.7	3.5	5.9	3.5	4.5
	Niger	3.7	3.0	5.3	–0.6	7.0	3.5
	Rwanda	8.6	9.4	0.9	4.0	6.0	3.0
	São Tomé and Príncipe	2.6	4.1	4.0	3.8	3.8	5.5
	Senegal	4.6	0.7	6.7	5.6	5.5	4.0
	Seychelles	3.7	1.3	–6.3	–2.0	–2.2	–1.4
	Sierra Leone	–0.9	27.5	9.3	7.4	7.2	7.4
	South Africa	2.5	3.7	3.0	4.5	4.9	4.2
	Swaziland	2.8	2.9	2.4	2.1	1.9	1.2
	Tanzania	4.4	7.2	5.7	6.7	6.8	5.9
	Togo	1.0	4.1	1.9	3.0	0.8	4.2
	Uganda	5.5	6.9	4.4	5.7	6.0	5.5
	Zambia	2.4	3.3	5.1	5.4	5.1	6.0
	Zimbabwe	–2.4	–4.4	–10.4	–3.8	–6.5	–5.1
Sub-Saharan Africa		4.3	3.8	3.4	5.2	5.2	5.0
	Excluding Nigeria and South Africa	5.6	3.0	3.4	5.3	4.8	5.1
CFA franc zone		5.9	3.2	4.5	3.9	5.6	5.0
	WAEMU	3.6	1.9	3.8	2.8	4.3	3.9
	CEMAC	7.8	5.0	5.4	5.1	7.0	6.4
SADC		2.4	3.5	3.1	4.7	4.2	4.4
COMESA		2.4	1.5	1.9	6.0	4.0	4.8
Resource intensive countries		6.8	5.9	4.6	6.3	5.8	6.3
	Oil	7.2	5.7	4.7	6.7	6.1	6.5
	Non-oil	3.8	6.9	4.4	4.4	4.1	5.4
Non-resource intensive countries		2.7	3.1	2.9	4.8	5.0	4.5
	Coastal	3.0	3.4	3.6	4.7	5.1	4.5
	Landlocked	1.7	2.3	0.8	5.2	4.9	4.3
MDRI		6.6	3.7	4.3	6.3	6.2	5.4
HIPC Initiative (completion point countries)		6.6	3.7	4.3	6.3	6.2	5.4
Fixed exchange rate regime		4.1	2.5	2.6	3.0	3.9	3.9
Floating exchange rate regime		3.1	4.1	3.6	5.8	5.6	5.2

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA2.

Real Non-Oil GDP Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		7.2	5.7	4.7	6.7	6.1	6.5
	Angola	8.8	3.1	7.8	10.0	–1.4	7.4
	Cameroon	5.5	4.9	4.9	4.9	3.5	4.0
	Chad	4.1	6.9	6.0	–0.5	17.9	3.5
	Congo, Rep. of	1.7	8.5	5.4	5.2	5.5	6.3
	Côte d’Ivoire	1.7	–1.7	–2.0	1.7	1.2	0.9
	Equatorial Guinea	12.8	8.5	13.2	11.9	9.9	16.2
	Gabon	2.9	0.2	0.9	2.3	4.4	3.5
	Nigeria	3.7	8.0	4.4	7.4	8.2	7.0
Oil-importing countries		2.7	3.3	3.0	4.8	5.0	4.5
	Benin	5.2	4.5	3.9	3.1	2.9	4.5
	Botswana	5.7	7.2	7.0	3.6	3.9	5.6
	Burkina Faso	5.9	5.2	7.9	4.0	7.1	5.6
	Burundi	1.1	4.4	–1.2	4.8	0.9	6.1
	Cape Verde	8.3	5.3	4.7	4.4	5.8	5.5
	Central African Republic	3.4	–0.6	–7.6	1.3	2.2	3.2
	Comoros	2.4	4.1	2.5	–0.2	4.2	1.2
	Congo, Dem. Rep. of	–4.1	3.5	5.8	6.6	6.5	6.5
	Eritrea	1.2	0.6	3.9	2.0	4.8	2.0
	Ethiopia	3.9	0.0	–3.1	12.3	8.7	5.4
	Gambia, The	6.0	–3.2	6.9	5.1	5.0	4.5
	Ghana	4.2	4.5	5.2	5.8	5.8	6.0
	Guinea	4.1	4.2	1.2	2.7	3.3	5.0
	Guinea-Bissau	1.5	–7.1	–0.6	2.2	3.2	4.6
	Kenya	2.3	0.3	2.8	4.6	5.7	5.4
	Lesotho	1.3	3.6	3.2	2.7	1.3	1.6
	Liberia	n.a.	31.8	–33.9	–5.2	9.5	7.0
	Madagascar	4.6	–12.7	9.8	5.3	4.6	4.7
	Malawi	1.6	2.1	3.9	5.1	2.1	8.4
	Mali	5.1	4.3	7.2	2.2	6.4	6.7
	Mauritius	5.4	2.0	3.6	4.5	3.4	3.4
	Mozambique	9.2	8.2	7.9	7.5	7.7	7.9
	Namibia	3.4	6.7	3.5	5.9	3.5	4.5
	Niger	3.7	3.0	5.3	–0.6	7.0	3.5
	Rwanda	8.6	9.4	0.9	4.0	6.0	3.0
	São Tomé and Príncipe	2.6	4.1	4.0	3.8	3.8	5.5
	Senegal	4.6	0.7	6.7	5.6	5.5	4.0
	Seychelles	3.7	1.3	–6.3	–2.0	–2.2	–1.4
	Sierra Leone	–0.9	27.5	9.3	7.4	7.2	7.4
	South Africa	2.5	3.7	3.0	4.5	4.9	4.2
	Swaziland	2.8	2.9	2.4	2.1	1.9	1.2
	Tanzania	4.4	7.2	5.7	6.7	6.8	5.9
	Togo	1.0	4.1	1.9	3.0	0.8	4.2
	Uganda	5.5	6.9	4.4	5.7	6.0	5.5
	Zambia	2.4	3.3	5.1	5.4	5.1	6.0
	Zimbabwe	–2.4	–4.4	–10.4	–3.8	–6.5	–5.1
Sub-Saharan Africa		4.3	3.8	3.4	5.2	5.2	5.0
	Excluding Nigeria and South Africa	5.6	3.0	3.4	5.3	4.8	5.1
CFA franc zone		5.9	3.2	4.5	3.9	5.6	5.0
	WAEMU	3.6	1.9	3.8	2.8	4.3	3.9
	CEMAC	7.8	5.0	5.4	5.1	7.0	6.4
SADC		2.4	3.5	3.1	4.7	4.2	4.4
COMESA		2.4	1.5	1.9	6.0	4.0	4.8
Resource intensive countries		6.8	5.9	4.6	6.3	5.8	6.3
	Oil	7.2	5.7	4.7	6.7	6.1	6.5
	Non-oil	3.8	6.9	4.4	4.4	4.1	5.4
Non-resource intensive countries		2.7	3.1	2.9	4.8	5.0	4.5
	Coastal	3.0	3.4	3.6	4.7	5.1	4.5
	Landlocked	1.7	2.3	0.8	5.2	4.9	4.3
MDRI		6.6	3.7	4.3	6.3	6.2	5.4
HIPC Initiative (completion point countries)		6.6	3.7	4.3	6.3	6.2	5.4
Fixed exchange rate regime		4.1	2.5	2.6	3.0	3.9	3.9
Floating exchange rate regime		3.1	4.1	3.6	5.8	5.6	5.2

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA3.

Real Per Capita GDP Growth

(Percent)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA3.

Real Per Capita GDP Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		1.2	1.3	4.7	5.5	5.1	3.0
	Angola	0.1	11.3	0.4	8.0	17.2	11.0
	Cameroon	1.8	–0.2	1.2	0.9	–0.2	1.4
	Chad	2.0	5.8	4.8	28.1	9.5	–2.4
	Congo, Rep. of	–0.5	1.6	–2.0	0.7	4.8	4.4
	Côte d’Ivoire	–0.6	–3.0	–3.0	0.2	0.0	0.4
	Equatorial Guinea	46.1	17.9	10.8	28.6	3.0	–3.8
	Gabon	–2.3	–2.7	–0.1	–1.1	0.4	–0.3
	Nigeria	–0.1	–1.2	7.7	3.2	4.3	2.6
Oil-importing countries		0.8	1.5	1.3	3.2	3.3	2.8
	Benin	2.3	–1.1	1.1	0.3	0.1	1.6
	Botswana	6.8	5.1	6.1	6.1	6.6	4.8
	Burkina Faso	3.3	1.1	4.5	0.9	4.6	3.2
	Burundi	–1.0	0.7	–4.0	2.8	–1.1	4.0
	Cape Verde	5.8	3.4	2.8	2.5	3.8	3.5
	Central African Republic	1.4	–2.5	–9.4	–0.7	0.2	1.2
	Comoros	0.8	2.0	0.3	–2.3	2.1	–0.8
	Congo, Dem. Rep. of	–6.7	0.5	2.7	3.5	3.4	3.4
	Eritrea	–1.5	–1.8	0.5	1.0	2.3	–0.4
	Ethiopia	0.8	–2.7	–5.7	9.2	5.8	2.5
	Gambia, The	2.4	–5.7	4.2	2.4	2.3	1.9
	Ghana	1.6	1.9	2.6	3.2	3.2	3.3
	Guinea	1.4	1.1	–2.3	0.1	0.2	2.0
	Guinea-Bissau	–5.8	–9.9	–3.6	–0.8	0.2	1.6
	Kenya	0.0	–1.8	0.7	2.5	3.7	3.6
	Lesotho	–0.7	1.7	0.9	0.9	–0.5	–0.2
	Liberia	n.a.	29.9	–34.3	–5.7	8.1	4.5
	Madagascar	1.5	–15.2	6.7	2.3	1.7	1.9
	Malawi	–1.0	–1.7	1.6	2.8	0.1	6.3
	Mali	2.6	1.9	4.8	0.1	3.8	2.7
	Mauritius	4.3	1.0	2.6	3.5	2.4	2.4
	Mozambique	6.9	6.0	5.9	5.6	5.2	5.5
	Namibia	0.7	5.3	2.4	4.9	2.7	3.6
	Niger	0.4	–0.1	2.2	–3.6	3.8	0.4
	Rwanda	3.2	7.1	–1.9	1.2	3.2	0.2
	São Tomé and Príncipe	0.4	2.0	1.9	2.0	1.8	3.4
	Senegal	2.1	–1.7	4.1	3.1	3.0	1.6
	Seychelles	3.5	–0.7	–8.1	–2.9	–2.3	–3.3
	Sierra Leone	–3.5	24.2	6.5	4.6	4.5	4.7
	South Africa	1.0	2.5	1.9	3.5	3.9	3.0
	Swaziland	0.6	1.1	1.3	1.5	1.7	1.1
	Tanzania	1.9	5.1	3.6	4.4	4.5	4.0
	Togo	–2.1	1.0	–1.2	–0.2	–2.3	1.0
	Uganda	2.3	3.4	0.9	2.1	2.3	1.8
	Zambia	0.2	0.9	2.7	2.9	2.6	3.5
	Zimbabwe	–2.0	–4.1	–11.3	–3.6	–6.5	–5.1
Sub-Saharan Africa		0.9	1.5	2.0	3.7	3.7	2.8
	Excluding Nigeria and South Africa	1.1	1.2	0.7	4.1	3.5	2.7
CFA franc zone		2.6	0.8	1.9	4.9	2.1	0.7
	WAEMU	0.9	–0.9	1.4	0.4	2.0	1.5
	CEMAC	5.0	2.9	2.4	10.1	2.2	–0.3
SADC		0.6	2.6	1.6	3.5	4.2	3.5
COMESA		–0.4	0.3	–1.0	3.8	4.1	3.3
Resource intensive countries		1.4	1.9	4.3	5.2	4.8	3.1
	Oil	1.2	1.3	4.7	5.5	5.1	3.0
	Non-oil	2.1	4.6	2.4	3.5	3.2	3.5
Non-resource intensive countries		0.8	1.3	1.2	3.2	3.4	2.7
	Coastal	1.2	1.9	2.2	3.3	3.7	3.1
	Landlocked	–0.6	–0.2	–1.8	2.7	2.3	1.7
MDRI		2.1	0.6	1.5	3.4	3.3	2.6
HIPC Initiative (completion point countries)		2.1	0.6	1.5	3.4	3.3	2.6
Fixed exchange rate regime		1.9	0.6	0.4	3.8	1.4	0.5
Floating exchange rate regime		0.7	1.7	2.4	3.7	4.3	3.4

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA3.

Real Per Capita GDP Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		1.2	1.3	4.7	5.5	5.1	3.0
	Angola	0.1	11.3	0.4	8.0	17.2	11.0
	Cameroon	1.8	–0.2	1.2	0.9	–0.2	1.4
	Chad	2.0	5.8	4.8	28.1	9.5	–2.4
	Congo, Rep. of	–0.5	1.6	–2.0	0.7	4.8	4.4
	Côte d’Ivoire	–0.6	–3.0	–3.0	0.2	0.0	0.4
	Equatorial Guinea	46.1	17.9	10.8	28.6	3.0	–3.8
	Gabon	–2.3	–2.7	–0.1	–1.1	0.4	–0.3
	Nigeria	–0.1	–1.2	7.7	3.2	4.3	2.6
Oil-importing countries		0.8	1.5	1.3	3.2	3.3	2.8
	Benin	2.3	–1.1	1.1	0.3	0.1	1.6
	Botswana	6.8	5.1	6.1	6.1	6.6	4.8
	Burkina Faso	3.3	1.1	4.5	0.9	4.6	3.2
	Burundi	–1.0	0.7	–4.0	2.8	–1.1	4.0
	Cape Verde	5.8	3.4	2.8	2.5	3.8	3.5
	Central African Republic	1.4	–2.5	–9.4	–0.7	0.2	1.2
	Comoros	0.8	2.0	0.3	–2.3	2.1	–0.8
	Congo, Dem. Rep. of	–6.7	0.5	2.7	3.5	3.4	3.4
	Eritrea	–1.5	–1.8	0.5	1.0	2.3	–0.4
	Ethiopia	0.8	–2.7	–5.7	9.2	5.8	2.5
	Gambia, The	2.4	–5.7	4.2	2.4	2.3	1.9
	Ghana	1.6	1.9	2.6	3.2	3.2	3.3
	Guinea	1.4	1.1	–2.3	0.1	0.2	2.0
	Guinea-Bissau	–5.8	–9.9	–3.6	–0.8	0.2	1.6
	Kenya	0.0	–1.8	0.7	2.5	3.7	3.6
	Lesotho	–0.7	1.7	0.9	0.9	–0.5	–0.2
	Liberia	n.a.	29.9	–34.3	–5.7	8.1	4.5
	Madagascar	1.5	–15.2	6.7	2.3	1.7	1.9
	Malawi	–1.0	–1.7	1.6	2.8	0.1	6.3
	Mali	2.6	1.9	4.8	0.1	3.8	2.7
	Mauritius	4.3	1.0	2.6	3.5	2.4	2.4
	Mozambique	6.9	6.0	5.9	5.6	5.2	5.5
	Namibia	0.7	5.3	2.4	4.9	2.7	3.6
	Niger	0.4	–0.1	2.2	–3.6	3.8	0.4
	Rwanda	3.2	7.1	–1.9	1.2	3.2	0.2
	São Tomé and Príncipe	0.4	2.0	1.9	2.0	1.8	3.4
	Senegal	2.1	–1.7	4.1	3.1	3.0	1.6
	Seychelles	3.5	–0.7	–8.1	–2.9	–2.3	–3.3
	Sierra Leone	–3.5	24.2	6.5	4.6	4.5	4.7
	South Africa	1.0	2.5	1.9	3.5	3.9	3.0
	Swaziland	0.6	1.1	1.3	1.5	1.7	1.1
	Tanzania	1.9	5.1	3.6	4.4	4.5	4.0
	Togo	–2.1	1.0	–1.2	–0.2	–2.3	1.0
	Uganda	2.3	3.4	0.9	2.1	2.3	1.8
	Zambia	0.2	0.9	2.7	2.9	2.6	3.5
	Zimbabwe	–2.0	–4.1	–11.3	–3.6	–6.5	–5.1
Sub-Saharan Africa		0.9	1.5	2.0	3.7	3.7	2.8
	Excluding Nigeria and South Africa	1.1	1.2	0.7	4.1	3.5	2.7
CFA franc zone		2.6	0.8	1.9	4.9	2.1	0.7
	WAEMU	0.9	–0.9	1.4	0.4	2.0	1.5
	CEMAC	5.0	2.9	2.4	10.1	2.2	–0.3
SADC		0.6	2.6	1.6	3.5	4.2	3.5
COMESA		–0.4	0.3	–1.0	3.8	4.1	3.3
Resource intensive countries		1.4	1.9	4.3	5.2	4.8	3.1
	Oil	1.2	1.3	4.7	5.5	5.1	3.0
	Non-oil	2.1	4.6	2.4	3.5	3.2	3.5
Non-resource intensive countries		0.8	1.3	1.2	3.2	3.4	2.7
	Coastal	1.2	1.9	2.2	3.3	3.7	3.1
	Landlocked	–0.6	–0.2	–1.8	2.7	2.3	1.7
MDRI		2.1	0.6	1.5	3.4	3.3	2.6
HIPC Initiative (completion point countries)		2.1	0.6	1.5	3.4	3.3	2.6
Fixed exchange rate regime		1.9	0.6	0.4	3.8	1.4	0.5
Floating exchange rate regime		0.7	1.7	2.4	3.7	4.3	3.4

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA4.

Real Per Capita GDP

(U.S. dollars, at 2000 prices, using 2000 exchange rates)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA4.

Real Per Capita GDP

(U.S. dollars, at 2000 prices, using 2000 exchange rates)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		467	473	492	512	537	553
	Angola	688	764	766	828	970	1,077
	Cameroon	646	665	673	679	677	687
	Chad	194	214	224	287	315	307
	Congo, Rep. of	1,104	1,137	1,114	1,121	1,176	1,228
	Côte d’Ivoire	643	594	577	578	578	580
	Equatorial Guinea	1,283	2,439	2,704	3,478	3,581	3,444
	Gabon	4,550	4,099	4,097	4,052	4,067	4,053
	Nigeria	356	355	382	394	411	422
Oil-importing countries		556	566	569	582	597	609
	Benin	372	386	390	391	392	398
	Botswana	3,679	4,319	4,584	4,865	5,186	5,436
	Burkina Faso	229	244	255	257	269	278
	Burundi	111	108	104	107	105	110
	Cape Verde	1,167	1,338	1,375	1,409	1,463	1,515
	Central African Republic	255	248	225	223	223	226
	Comoros	375	385	387	378	386	383
	Congo, Dem. Rep. of	92	79	81	84	87	90
	Eritrea	178	163	164	166	170	169
	Ethiopia	123	126	119	130	137	141
	Gambia, The	309	308	321	329	336	343
	Ghana	266	280	287	296	306	316
	Guinea	389	398	389	390	390	398
	Guinea-Bissau	171	139	134	133	133	135
	Kenya	414	410	413	424	440	455
	Lesotho	400	401	405	408	406	405
	Liberia	n.a.	265	174	164	178	186
	Madagascar	247	218	233	238	242	247
	Malawi	153	141	144	148	148	157
	Mali	249	268	281	281	292	300
	Mauritius	3,631	3,972	4,077	4,220	4,323	4,428
	Mozambique	207	247	261	276	290	306
	Namibia	1,782	1,897	1,942	2,037	2,092	2,167
	Niger	173	174	177	171	177	178
	Rwanda	236	258	253	256	264	264
	São Tomé and Príncipe	312	325	331	338	344	356
	Senegal	445	455	474	489	503	511
	Seychelles	7,661	7,720	7,091	6,888	6,732	6,513
	Sierra Leone	143	190	202	212	221	231
	South Africa	2,944	3,110	3,170	3,280	3,408	3,512
	Swaziland	1,337	1,359	1,377	1,397	1,421	1,437
	Tanzania	266	294	304	318	332	346
	Togo	276	266	262	262	256	259
	Uganda	236	255	257	263	269	274
	Zambia	313	325	334	343	352	365
	Zimbabwe	733	651	577	556	520	494
Sub-Saharan Africa		529	538	546	561	579	592
	Excluding Nigeria and South Africa	333	340	342	353	364	373
CFA franc zone		467	474	478	491	500	505
	WAEMU	364	358	360	362	367	372
	CEMAC	702	739	741	783	798	802
SADC		932	961	970	997	1,031	1,060
COMESA		279	276	273	282	294	304
Resource intensive countries		484	496	515	535	558	575
	Oil	467	473	492	512	537	553
	Non-oil	608	660	673	694	712	729
Non-resource intensive countries		552	560	562	575	589	601
	Coastal	969	999	1,014	1,041	1,072	1,098
	Landlocked	193	187	183	186	189	191
MDRI		250	263	268	276	284	291
HIPC Initiative (completion point countries)		250	263	268	276	284	291
Fixed exchange rate regime		567	572	570	583	590	594
Floating exchange rate regime		519	529	540	555	576	591

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA4.

Real Per Capita GDP

(U.S. dollars, at 2000 prices, using 2000 exchange rates)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		467	473	492	512	537	553
	Angola	688	764	766	828	970	1,077
	Cameroon	646	665	673	679	677	687
	Chad	194	214	224	287	315	307
	Congo, Rep. of	1,104	1,137	1,114	1,121	1,176	1,228
	Côte d’Ivoire	643	594	577	578	578	580
	Equatorial Guinea	1,283	2,439	2,704	3,478	3,581	3,444
	Gabon	4,550	4,099	4,097	4,052	4,067	4,053
	Nigeria	356	355	382	394	411	422
Oil-importing countries		556	566	569	582	597	609
	Benin	372	386	390	391	392	398
	Botswana	3,679	4,319	4,584	4,865	5,186	5,436
	Burkina Faso	229	244	255	257	269	278
	Burundi	111	108	104	107	105	110
	Cape Verde	1,167	1,338	1,375	1,409	1,463	1,515
	Central African Republic	255	248	225	223	223	226
	Comoros	375	385	387	378	386	383
	Congo, Dem. Rep. of	92	79	81	84	87	90
	Eritrea	178	163	164	166	170	169
	Ethiopia	123	126	119	130	137	141
	Gambia, The	309	308	321	329	336	343
	Ghana	266	280	287	296	306	316
	Guinea	389	398	389	390	390	398
	Guinea-Bissau	171	139	134	133	133	135
	Kenya	414	410	413	424	440	455
	Lesotho	400	401	405	408	406	405
	Liberia	n.a.	265	174	164	178	186
	Madagascar	247	218	233	238	242	247
	Malawi	153	141	144	148	148	157
	Mali	249	268	281	281	292	300
	Mauritius	3,631	3,972	4,077	4,220	4,323	4,428
	Mozambique	207	247	261	276	290	306
	Namibia	1,782	1,897	1,942	2,037	2,092	2,167
	Niger	173	174	177	171	177	178
	Rwanda	236	258	253	256	264	264
	São Tomé and Príncipe	312	325	331	338	344	356
	Senegal	445	455	474	489	503	511
	Seychelles	7,661	7,720	7,091	6,888	6,732	6,513
	Sierra Leone	143	190	202	212	221	231
	South Africa	2,944	3,110	3,170	3,280	3,408	3,512
	Swaziland	1,337	1,359	1,377	1,397	1,421	1,437
	Tanzania	266	294	304	318	332	346
	Togo	276	266	262	262	256	259
	Uganda	236	255	257	263	269	274
	Zambia	313	325	334	343	352	365
	Zimbabwe	733	651	577	556	520	494
Sub-Saharan Africa		529	538	546	561	579	592
	Excluding Nigeria and South Africa	333	340	342	353	364	373
CFA franc zone		467	474	478	491	500	505
	WAEMU	364	358	360	362	367	372
	CEMAC	702	739	741	783	798	802
SADC		932	961	970	997	1,031	1,060
COMESA		279	276	273	282	294	304
Resource intensive countries		484	496	515	535	558	575
	Oil	467	473	492	512	537	553
	Non-oil	608	660	673	694	712	729
Non-resource intensive countries		552	560	562	575	589	601
	Coastal	969	999	1,014	1,041	1,072	1,098
	Landlocked	193	187	183	186	189	191
MDRI		250	263	268	276	284	291
HIPC Initiative (completion point countries)		250	263	268	276	284	291
Fixed exchange rate regime		567	572	570	583	590	594
Floating exchange rate regime		519	529	540	555	576	591

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA5.

Consumer Prices

(Annual average percent change)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA5.

Consumer Prices

(Annual average percent change)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		19.9	18.7	16.9	12.6	13.3	8.0	6.4
	Angola	211.0	108.9	98.3	43.6	23.0	12.9	8.3
	Cameroon	2.9	6.3	0.6	0.3	2.0	2.9	3.0
	Chad	3.5	5.2	–1.8	–5.4	7.9	8.6	3.0
	Congo, Rep. of	3.8	3.1	1.5	3.6	2.5	2.5	2.5
	Côte d’Ivoire	3.3	3.1	3.3	1.5	3.9	2.6	2.8
	Equatorial Guinea	5.0	7.6	7.9	4.3	6.2	4.8	4.1
	Gabon	1.7	0.2	2.1	0.4	0.0	1.8	1.2
	Nigeria	10.0	13.7	14.0	15.0	17.9	9.4	8.0
Oil-importing countries		13.9	10.9	12.9	8.8	10.1	13.3	15.4
	Benin	3.6	2.4	1.5	0.9	5.4	3.0	2.5
	Botswana	7.7	8.0	9.3	6.9	8.6	11.3	6.0
	Burkina Faso	2.1	2.3	2.0	–0.4	6.4	3.2	2.0
	Burundi	16.1	–1.3	10.7	8.0	13.4	2.5	3.3
	Cape Verde	3.7	1.9	1.2	–1.9	0.4	6.2	0.2
	Central African Republic	1.1	2.3	4.4	–2.2	2.9	3.3	1.9
	Comoros	3.1	3.6	3.7	4.5	3.6	3.8	3.0
	Congo, Dem. Rep. of	284.1	25.3	12.8	4.0	21.4	10.0	8.9
	Eritrea	11.2	16.9	22.7	25.1	12.4	16.5	22.0
	Ethiopia	0.6	–7.2	15.1	8.6	6.8	12.3	12.2
	Gambia, The	2.6	8.6	17.0	14.2	3.2	2.9	3.7
	Ghana	22.9	14.8	26.7	12.6	15.1	8.8	7.1
	Guinea	4.7	3.0	12.9	17.5	31.4	27.0	12.4
	Guinea-Bissau	13.4	3.3	–3.5	0.8	3.4	2.2	2.2
	Kenya	8.0	2.0	9.8	11.6	10.3	13.0	1.6
	Lesotho	7.7	12.2	6.4	4.4	4.0	4.6	4.8
	Liberia	n.a.	14.2	10.3	3.6	6.9	8.0	7.5
	Madagascar	7.3	16.2	–1.1	14.0	18.4	11.2	9.6
	Malawi	28.1	18.1	9.6	11.4	15.5	10.9	8.2
	Mali	1.3	5.0	–1.3	–3.1	6.4	1.9	2.5
	Mauritius	6.1	4.4	5.1	3.9	5.6	4.9	5.7
	Mozambique	8.2	13.5	12.6	6.4	10.1	7.4	5.7
	Namibia	8.4	11.3	7.2	4.1	2.4	5.1	5.0
	Niger	2.4	2.7	–1.8	0.4	7.8	0.0	2.0
	Rwanda	4.7	2.0	7.4	12.0	9.2	5.5	5.0
	São Tomé and Príncipe	28.5	9.2	9.6	12.8	16.3	19.8	17.2
	Senegal	1.5	2.3	0.0	0.5	1.7	2.3	2.3
	Seychelles	4.4	0.2	3.2	3.9	1.0	–0.4	1.8
	Sierra Leone	17.3	–3.7	7.5	14.2	12.1	11.3	8.3
	South Africa	6.4	9.2	5.8	1.4	3.4	4.6	5.7
	Swaziland	7.2	11.7	7.4	3.4	4.8	5.0	5.9
	Tanzania	9.8	4.6	4.4	4.1	4.4	7.5	6.5
	Togo	2.4	3.1	–0.9	0.4	6.8	3.0	2.7
	Uganda	4.8	–2.0	5.7	5.0	8.0	6.7	7.0
	Zambia	24.7	22.2	21.4	18.0	18.3	9.2	8.6
	Zimbabwe	47.4	133.2	365.0	350.0	237.8	1,216.0	4,278.8
Sub-Saharan Africa		15.1	12.5	13.8	9.6	10.8	12.0	13.2
	Excluding Nigeria and South Africa	24.2	15.0	20.6	15.2	15.3	18.7	20.5
	Excluding Zimbabwe	14.1	10.0	9.7	6.0	8.2	6.9	6.1
CFA franc zone		2.7	4.0	1.3	0.2	4.3	3.1	2.7
	WAEMU	2.6	3.0	0.8	0.2	4.9	2.3	2.4
	CEMAC	2.9	5.2	2.0	0.3	3.5	4.0	2.9
SADC		21.7	17.9	17.3	10.7	10.7	15.3	19.1
COMESA		42.7	23.9	35.9	27.7	23.3	32.4	38.0
Resource intensive countries		18.1	16.8	15.9	12.4	13.5	8.9	6.7
	Oil	19.9	18.7	16.9	12.6	13.3	8.0	6.4
	Non-oil	10.0	8.5	11.5	11.4	14.8	13.7	8.1
Non-resource intensive countries		14.1	11.0	13.0	8.6	9.8	13.3	15.8
	Coastal	7.4	8.7	7.0	3.2	5.1	5.6	5.4
	Landlocked	36.6	18.2	33.5	26.9	25.5	40.4	54.4
MDRI		7.0	4.5	8.8	6.0	8.2	6.9	6.4
HIPC Initiative (completion point countries)		7.0	4.5	8.8	6.0	8.2	6.9	6.4
Fixed exchange rate regime		10.1	18.2	24.7	20.6	18.5	33.7	46.4
Floating exchange rate regime		16.5	11.1	11.3	7.1	9.1	7.5	6.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA5.

Consumer Prices

(Annual average percent change)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		19.9	18.7	16.9	12.6	13.3	8.0	6.4
	Angola	211.0	108.9	98.3	43.6	23.0	12.9	8.3
	Cameroon	2.9	6.3	0.6	0.3	2.0	2.9	3.0
	Chad	3.5	5.2	–1.8	–5.4	7.9	8.6	3.0
	Congo, Rep. of	3.8	3.1	1.5	3.6	2.5	2.5	2.5
	Côte d’Ivoire	3.3	3.1	3.3	1.5	3.9	2.6	2.8
	Equatorial Guinea	5.0	7.6	7.9	4.3	6.2	4.8	4.1
	Gabon	1.7	0.2	2.1	0.4	0.0	1.8	1.2
	Nigeria	10.0	13.7	14.0	15.0	17.9	9.4	8.0
Oil-importing countries		13.9	10.9	12.9	8.8	10.1	13.3	15.4
	Benin	3.6	2.4	1.5	0.9	5.4	3.0	2.5
	Botswana	7.7	8.0	9.3	6.9	8.6	11.3	6.0
	Burkina Faso	2.1	2.3	2.0	–0.4	6.4	3.2	2.0
	Burundi	16.1	–1.3	10.7	8.0	13.4	2.5	3.3
	Cape Verde	3.7	1.9	1.2	–1.9	0.4	6.2	0.2
	Central African Republic	1.1	2.3	4.4	–2.2	2.9	3.3	1.9
	Comoros	3.1	3.6	3.7	4.5	3.6	3.8	3.0
	Congo, Dem. Rep. of	284.1	25.3	12.8	4.0	21.4	10.0	8.9
	Eritrea	11.2	16.9	22.7	25.1	12.4	16.5	22.0
	Ethiopia	0.6	–7.2	15.1	8.6	6.8	12.3	12.2
	Gambia, The	2.6	8.6	17.0	14.2	3.2	2.9	3.7
	Ghana	22.9	14.8	26.7	12.6	15.1	8.8	7.1
	Guinea	4.7	3.0	12.9	17.5	31.4	27.0	12.4
	Guinea-Bissau	13.4	3.3	–3.5	0.8	3.4	2.2	2.2
	Kenya	8.0	2.0	9.8	11.6	10.3	13.0	1.6
	Lesotho	7.7	12.2	6.4	4.4	4.0	4.6	4.8
	Liberia	n.a.	14.2	10.3	3.6	6.9	8.0	7.5
	Madagascar	7.3	16.2	–1.1	14.0	18.4	11.2	9.6
	Malawi	28.1	18.1	9.6	11.4	15.5	10.9	8.2
	Mali	1.3	5.0	–1.3	–3.1	6.4	1.9	2.5
	Mauritius	6.1	4.4	5.1	3.9	5.6	4.9	5.7
	Mozambique	8.2	13.5	12.6	6.4	10.1	7.4	5.7
	Namibia	8.4	11.3	7.2	4.1	2.4	5.1	5.0
	Niger	2.4	2.7	–1.8	0.4	7.8	0.0	2.0
	Rwanda	4.7	2.0	7.4	12.0	9.2	5.5	5.0
	São Tomé and Príncipe	28.5	9.2	9.6	12.8	16.3	19.8	17.2
	Senegal	1.5	2.3	0.0	0.5	1.7	2.3	2.3
	Seychelles	4.4	0.2	3.2	3.9	1.0	–0.4	1.8
	Sierra Leone	17.3	–3.7	7.5	14.2	12.1	11.3	8.3
	South Africa	6.4	9.2	5.8	1.4	3.4	4.6	5.7
	Swaziland	7.2	11.7	7.4	3.4	4.8	5.0	5.9
	Tanzania	9.8	4.6	4.4	4.1	4.4	7.5	6.5
	Togo	2.4	3.1	–0.9	0.4	6.8	3.0	2.7
	Uganda	4.8	–2.0	5.7	5.0	8.0	6.7	7.0
	Zambia	24.7	22.2	21.4	18.0	18.3	9.2	8.6
	Zimbabwe	47.4	133.2	365.0	350.0	237.8	1,216.0	4,278.8
Sub-Saharan Africa		15.1	12.5	13.8	9.6	10.8	12.0	13.2
	Excluding Nigeria and South Africa	24.2	15.0	20.6	15.2	15.3	18.7	20.5
	Excluding Zimbabwe	14.1	10.0	9.7	6.0	8.2	6.9	6.1
CFA franc zone		2.7	4.0	1.3	0.2	4.3	3.1	2.7
	WAEMU	2.6	3.0	0.8	0.2	4.9	2.3	2.4
	CEMAC	2.9	5.2	2.0	0.3	3.5	4.0	2.9
SADC		21.7	17.9	17.3	10.7	10.7	15.3	19.1
COMESA		42.7	23.9	35.9	27.7	23.3	32.4	38.0
Resource intensive countries		18.1	16.8	15.9	12.4	13.5	8.9	6.7
	Oil	19.9	18.7	16.9	12.6	13.3	8.0	6.4
	Non-oil	10.0	8.5	11.5	11.4	14.8	13.7	8.1
Non-resource intensive countries		14.1	11.0	13.0	8.6	9.8	13.3	15.8
	Coastal	7.4	8.7	7.0	3.2	5.1	5.6	5.4
	Landlocked	36.6	18.2	33.5	26.9	25.5	40.4	54.4
MDRI		7.0	4.5	8.8	6.0	8.2	6.9	6.4
HIPC Initiative (completion point countries)		7.0	4.5	8.8	6.0	8.2	6.9	6.4
Fixed exchange rate regime		10.1	18.2	24.7	20.6	18.5	33.7	46.4
Floating exchange rate regime		16.5	11.1	11.3	7.1	9.1	7.5	6.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA6.

Total Investment

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA6.

Total Investment

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		21.8	22.5	21.9	19.8	17.9	18.4
	Angola	23.3	12.6	12.7	9.1	7.5	13.1
	Cameroon	18.1	19.8	18.3	18.9	19.6	21.5
	Chad	23.3	60.6	55.9	25.8	21.3	21.2
	Congo, Rep. of	25.1	23.4	25.7	24.2	22.4	22.3
	Côte d’Ivoire	12.6	10.1	10.1	10.8	10.7	10.6
	Equatorial Guinea	78.4	31.8	60.9	45.9	31.9	29.4
	Gabon	28.4	24.4	23.9	24.0	21.7	21.5
	Nigeria	23.1	26.2	23.9	22.4	20.9	20.0
Oil-importing countries		17.6	14.3	17.5	19.1	19.4	19.9
	Benin	19.6	17.2	19.6	19.0	19.2	21.0
	Botswana	34.3	40.7	41.5	38.4	30.4	26.3
	Burkina Faso	20.2	17.5	16.7	18.9	18.1	18.1
	Burundi	6.2	6.4	10.6	13.3	10.8	16.1
	Cape Verde	34.3	35.8	31.0	36.8	37.9	38.7
	Central African Republic	9.6	9.0	6.0	6.1	8.8	8.3
	Comoros	12.0	11.0	10.3	9.4	9.3	11.9
	Congo, Dem. Rep. of	15.8	9.0	12.2	12.8	14.2	16.7
	Eritrea	29.3	26.3	23.4	21.3	19.0	18.8
	Ethiopia	20.6	23.6	22.7	21.3	26.3	25.8
	Gambia, The	19.8	21.0	19.2	27.4	26.0	24.1
	Ghana	24.0	19.7	22.9	28.4	29.0	30.0
	Guinea	19.0	13.4	10.2	11.3	13.9	15.3
	Guinea-Bissau	15.5	9.6	12.6	13.2	14.6	17.2
	Kenya	13.7	12.0	13.1	17.8	16.8	18.2
	Lesotho	46.1	43.0	43.9	30.4	27.1	31.7
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	15.3	14.3	17.9	24.3	22.5	21.8
	Malawi	13.4	10.4	10.9	14.4	14.5	15.0
	Mali	21.9	18.6	21.1	20.7	22.4	23.5
	Mauritius	26.5	20.3	24.9	22.9	23.1	24.3
	Mozambique	28.2	29.8	27.4	22.6	20.5	25.2
	Namibia	22.4	19.7	29.8	25.5	25.6	26.0
	Niger	11.4	14.2	14.2	16.2	15.4	18.1
	Rwanda	16.4	16.9	18.4	20.5	22.3	21.9
	São Tomé and Príncipe	39.4	32.5	36.1	35.2	34.5	67.6
	Senegal	18.7	18.9	23.3	24.1	25.7	25.6
	Seychelles	32.5	25.7	10.1	14.7	21.1	22.4
	Sierra Leone	4.2	10.1	13.9	10.6	17.2	15.3
	South Africa	16.2	16.1	16.9	17.6	18.2	18.8
	Swaziland	19.8	19.8	18.0	18.7	19.0	17.9
	Tanzania	16.2	19.2	18.7	18.3	18.2	18.4
	Togo	14.0	18.2	18.8	18.8	19.7	20.8
	Uganda	18.3	19.4	20.5	22.5	22.6	23.2
	Zambia	17.4	22.0	25.6	24.3	23.0	23.5
	Zimbabwe	15.5	–8.8	–13.0	5.1	4.5	3.5
Sub-Saharan Africa		18.6	16.5	18.7	19.3	19.0	19.4
	Excluding Nigeria and South Africa	19.6	14.3	18.8	20.0	19.0	19.7
CFA franc zone		19.3	19.4	21.1	20.3	19.8	20.3
	WAEMU	16.0	14.8	16.2	16.9	17.4	17.9
	CEMAC	23.7	25.2	27.2	24.2	22.2	22.6
SADC		17.8	13.3	17.0	18.0	17.7	18.4
COMESA		17.9	7.9	13.8	17.1	16.4	17.8
Resource intensive countries		22.2	23.0	23.1	21.0	18.9	19.2
	Oil	21.8	22.5	21.9	19.8	17.9	18.4
	Non-oil	24.1	25.9	29.4	27.4	24.9	23.8
Non-resource intensive countries		17.1	13.4	16.6	18.4	19.0	19.5
	Coastal	17.0	16.7	17.7	18.6	19.0	19.6
	Landlocked	17.7	5.1	11.9	17.6	19.1	19.0
MDRI		19.2	19.8	20.6	21.5	22.2	23.1
HIPC Initiative (completion point countries)		19.2	19.8	20.6	21.5	22.2	23.1
Fixed exchange rate regime		20.6	12.1	19.7	21.8	20.6	20.2
Floating exchange rate regime		18.1	18.3	18.5	18.6	18.6	19.2

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA6.

Total Investment

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		21.8	22.5	21.9	19.8	17.9	18.4
	Angola	23.3	12.6	12.7	9.1	7.5	13.1
	Cameroon	18.1	19.8	18.3	18.9	19.6	21.5
	Chad	23.3	60.6	55.9	25.8	21.3	21.2
	Congo, Rep. of	25.1	23.4	25.7	24.2	22.4	22.3
	Côte d’Ivoire	12.6	10.1	10.1	10.8	10.7	10.6
	Equatorial Guinea	78.4	31.8	60.9	45.9	31.9	29.4
	Gabon	28.4	24.4	23.9	24.0	21.7	21.5
	Nigeria	23.1	26.2	23.9	22.4	20.9	20.0
Oil-importing countries		17.6	14.3	17.5	19.1	19.4	19.9
	Benin	19.6	17.2	19.6	19.0	19.2	21.0
	Botswana	34.3	40.7	41.5	38.4	30.4	26.3
	Burkina Faso	20.2	17.5	16.7	18.9	18.1	18.1
	Burundi	6.2	6.4	10.6	13.3	10.8	16.1
	Cape Verde	34.3	35.8	31.0	36.8	37.9	38.7
	Central African Republic	9.6	9.0	6.0	6.1	8.8	8.3
	Comoros	12.0	11.0	10.3	9.4	9.3	11.9
	Congo, Dem. Rep. of	15.8	9.0	12.2	12.8	14.2	16.7
	Eritrea	29.3	26.3	23.4	21.3	19.0	18.8
	Ethiopia	20.6	23.6	22.7	21.3	26.3	25.8
	Gambia, The	19.8	21.0	19.2	27.4	26.0	24.1
	Ghana	24.0	19.7	22.9	28.4	29.0	30.0
	Guinea	19.0	13.4	10.2	11.3	13.9	15.3
	Guinea-Bissau	15.5	9.6	12.6	13.2	14.6	17.2
	Kenya	13.7	12.0	13.1	17.8	16.8	18.2
	Lesotho	46.1	43.0	43.9	30.4	27.1	31.7
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	15.3	14.3	17.9	24.3	22.5	21.8
	Malawi	13.4	10.4	10.9	14.4	14.5	15.0
	Mali	21.9	18.6	21.1	20.7	22.4	23.5
	Mauritius	26.5	20.3	24.9	22.9	23.1	24.3
	Mozambique	28.2	29.8	27.4	22.6	20.5	25.2
	Namibia	22.4	19.7	29.8	25.5	25.6	26.0
	Niger	11.4	14.2	14.2	16.2	15.4	18.1
	Rwanda	16.4	16.9	18.4	20.5	22.3	21.9
	São Tomé and Príncipe	39.4	32.5	36.1	35.2	34.5	67.6
	Senegal	18.7	18.9	23.3	24.1	25.7	25.6
	Seychelles	32.5	25.7	10.1	14.7	21.1	22.4
	Sierra Leone	4.2	10.1	13.9	10.6	17.2	15.3
	South Africa	16.2	16.1	16.9	17.6	18.2	18.8
	Swaziland	19.8	19.8	18.0	18.7	19.0	17.9
	Tanzania	16.2	19.2	18.7	18.3	18.2	18.4
	Togo	14.0	18.2	18.8	18.8	19.7	20.8
	Uganda	18.3	19.4	20.5	22.5	22.6	23.2
	Zambia	17.4	22.0	25.6	24.3	23.0	23.5
	Zimbabwe	15.5	–8.8	–13.0	5.1	4.5	3.5
Sub-Saharan Africa		18.6	16.5	18.7	19.3	19.0	19.4
	Excluding Nigeria and South Africa	19.6	14.3	18.8	20.0	19.0	19.7
CFA franc zone		19.3	19.4	21.1	20.3	19.8	20.3
	WAEMU	16.0	14.8	16.2	16.9	17.4	17.9
	CEMAC	23.7	25.2	27.2	24.2	22.2	22.6
SADC		17.8	13.3	17.0	18.0	17.7	18.4
COMESA		17.9	7.9	13.8	17.1	16.4	17.8
Resource intensive countries		22.2	23.0	23.1	21.0	18.9	19.2
	Oil	21.8	22.5	21.9	19.8	17.9	18.4
	Non-oil	24.1	25.9	29.4	27.4	24.9	23.8
Non-resource intensive countries		17.1	13.4	16.6	18.4	19.0	19.5
	Coastal	17.0	16.7	17.7	18.6	19.0	19.6
	Landlocked	17.7	5.1	11.9	17.6	19.1	19.0
MDRI		19.2	19.8	20.6	21.5	22.2	23.1
HIPC Initiative (completion point countries)		19.2	19.8	20.6	21.5	22.2	23.1
Fixed exchange rate regime		20.6	12.1	19.7	21.8	20.6	20.2
Floating exchange rate regime		18.1	18.3	18.5	18.6	18.6	19.2

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA7.

Domestic Saving

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA7.

Domestic Saving

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		28.4	26.2	30.0	35.1	38.8	42.4
	Angola	24.4	23.9	19.2	25.1	32.0	40.5
	Cameroon	19.1	19.0	18.6	18.5	19.6	22.5
	Chad	5.3	–40.4	21.6	26.1	36.6	40.8
	Congo, Rep. of	43.7	51.0	51.3	51.4	59.3	68.0
	Côte d’Ivoire	20.2	26.7	21.0	20.0	18.0	19.6
	Equatorial Guinea	61.3	80.7	81.6	86.5	85.4	87.7
	Gabon	49.8	43.5	48.1	52.8	58.4	66.2
	Nigeria	29.8	25.3	32.1	39.5	42.1	42.8
Oil-importing countries		14.9	11.7	14.2	15.1	13.7	13.5
	Benin	7.8	3.3	6.7	6.7	9.2	10.0
	Botswana	47.4	52.2	50.7	49.8	47.4	44.2
	Burkina Faso	5.4	4.1	4.0	6.8	5.0	4.8
	Burundi	–3.3	–9.7	–8.7	–11.0	–23.1	–21.1
	Cape Verde	–4.9	–7.0	–6.5	–2.1	3.9	3.2
	Central African Republic	4.7	3.7	0.3	–0.5	2.1	1.4
	Comoros	–7.8	–4.0	–5.8	–10.6	–12.9	–12.8
	Congo, Dem. Rep. of	17.4	4.0	5.0	4.0	6.5	5.4
	Eritrea	–29.5	–34.7	–67.6	–56.7	–34.4	–32.9
	Ethiopia	10.2	8.7	7.5	4.1	3.6	3.4
	Gambia, The	11.9	12.6	9.9	9.8	7.8	5.7
	Ghana	6.2	7.4	10.9	7.3	3.4	3.6
	Guinea	15.2	9.5	7.8	7.1	10.4	11.9
	Guinea-Bissau	–7.0	–11.8	–1.6	–3.0	–2.9	–0.3
	Kenya	6.2	4.9	6.2	8.7	4.7	2.1
	Lesotho	–20.2	–15.3	–6.0	–14.8	–18.9	–22.0
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	8.4	7.7	8.9	9.2	8.5	8.1
	Malawi	2.7	–11.0	–11.7	–9.9	–10.3	–8.1
	Mali	12.3	18.5	14.0	12.4	15.3	19.0
	Mauritius	24.2	24.7	25.8	23.4	18.7	18.9
	Mozambique	9.4	10.5	10.6	13.2	9.7	18.6
	Namibia	13.7	14.9	23.3	22.9	18.9	20.4
	Niger	3.5	5.3	4.9	5.0	4.0	5.5
	Rwanda	–0.6	0.0	–0.8	2.2	1.8	–0.9
	São Tomé and Príncipe	–16.4	–18.0	–19.0	–22.0	–24.9	–24.7
	Senegal	11.6	8.5	11.1	11.4	9.9	8.6
	Seychelles	19.3	24.4	21.3	22.9	10.5	24.3
	Sierra Leone	–4.1	–9.4	–7.4	–5.0	–1.4	–0.9
	South Africa	18.3	19.8	18.2	17.5	16.3	16.0
	Swaziland	2.1	19.5	17.6	15.1	11.8	11.5
	Tanzania	5.8	11.8	12.0	10.9	8.4	6.5
	Togo	0.3	4.0	3.4	1.6	1.0	3.7
	Uganda	7.6	4.9	6.3	9.3	9.2	7.1
	Zambia	6.4	8.7	13.1	21.9	20.1	25.1
	Zimbabwe	13.3	–12.5	–21.1	–3.7	–6.3	3.4
Sub-Saharan Africa		18.3	15.7	18.5	20.7	21.4	22.8
	Excluding Nigeria and South Africa	14.9	10.7	14.8	18.0	19.4	22.4
CFA franc zone		20.3	20.7	22.3	24.3	27.8	32.0
	WAEMU	13.0	15.0	13.0	12.6	11.8	12.9
	CEMAC	29.8	27.9	33.9	37.5	43.8	49.8
SADC		17.8	14.3	16.8	18.1	17.6	19.2
COMESA		11.6	3.1	7.3	12.9	14.6	18.4
Resource intensive countries		27.5	25.9	29.6	34.2	37.3	40.4
	Oil	28.4	26.2	30.0	35.1	38.8	42.4
	Non-oil	23.2	24.1	27.6	29.2	27.6	27.9
Non-resource intensive countries		14.2	10.8	13.1	14.0	12.6	12.3
	Coastal	15.6	16.3	16.0	15.8	14.1	13.8
	Landlocked	8.5	–3.0	0.0	4.3	4.1	4.6
MDRI		9.5	10.0	10.8	11.1	10.1	11.6
HIPC Initiative (completion point countries)		9.5	10.0	10.8	11.1	10.1	11.6
Fixed exchange rate regime		19.9	11.4	19.3	24.2	26.4	29.2
Floating exchange rate regime		17.8	17.4	18.3	19.7	20.1	21.2

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA7.

Domestic Saving

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		28.4	26.2	30.0	35.1	38.8	42.4
	Angola	24.4	23.9	19.2	25.1	32.0	40.5
	Cameroon	19.1	19.0	18.6	18.5	19.6	22.5
	Chad	5.3	–40.4	21.6	26.1	36.6	40.8
	Congo, Rep. of	43.7	51.0	51.3	51.4	59.3	68.0
	Côte d’Ivoire	20.2	26.7	21.0	20.0	18.0	19.6
	Equatorial Guinea	61.3	80.7	81.6	86.5	85.4	87.7
	Gabon	49.8	43.5	48.1	52.8	58.4	66.2
	Nigeria	29.8	25.3	32.1	39.5	42.1	42.8
Oil-importing countries		14.9	11.7	14.2	15.1	13.7	13.5
	Benin	7.8	3.3	6.7	6.7	9.2	10.0
	Botswana	47.4	52.2	50.7	49.8	47.4	44.2
	Burkina Faso	5.4	4.1	4.0	6.8	5.0	4.8
	Burundi	–3.3	–9.7	–8.7	–11.0	–23.1	–21.1
	Cape Verde	–4.9	–7.0	–6.5	–2.1	3.9	3.2
	Central African Republic	4.7	3.7	0.3	–0.5	2.1	1.4
	Comoros	–7.8	–4.0	–5.8	–10.6	–12.9	–12.8
	Congo, Dem. Rep. of	17.4	4.0	5.0	4.0	6.5	5.4
	Eritrea	–29.5	–34.7	–67.6	–56.7	–34.4	–32.9
	Ethiopia	10.2	8.7	7.5	4.1	3.6	3.4
	Gambia, The	11.9	12.6	9.9	9.8	7.8	5.7
	Ghana	6.2	7.4	10.9	7.3	3.4	3.6
	Guinea	15.2	9.5	7.8	7.1	10.4	11.9
	Guinea-Bissau	–7.0	–11.8	–1.6	–3.0	–2.9	–0.3
	Kenya	6.2	4.9	6.2	8.7	4.7	2.1
	Lesotho	–20.2	–15.3	–6.0	–14.8	–18.9	–22.0
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	8.4	7.7	8.9	9.2	8.5	8.1
	Malawi	2.7	–11.0	–11.7	–9.9	–10.3	–8.1
	Mali	12.3	18.5	14.0	12.4	15.3	19.0
	Mauritius	24.2	24.7	25.8	23.4	18.7	18.9
	Mozambique	9.4	10.5	10.6	13.2	9.7	18.6
	Namibia	13.7	14.9	23.3	22.9	18.9	20.4
	Niger	3.5	5.3	4.9	5.0	4.0	5.5
	Rwanda	–0.6	0.0	–0.8	2.2	1.8	–0.9
	São Tomé and Príncipe	–16.4	–18.0	–19.0	–22.0	–24.9	–24.7
	Senegal	11.6	8.5	11.1	11.4	9.9	8.6
	Seychelles	19.3	24.4	21.3	22.9	10.5	24.3
	Sierra Leone	–4.1	–9.4	–7.4	–5.0	–1.4	–0.9
	South Africa	18.3	19.8	18.2	17.5	16.3	16.0
	Swaziland	2.1	19.5	17.6	15.1	11.8	11.5
	Tanzania	5.8	11.8	12.0	10.9	8.4	6.5
	Togo	0.3	4.0	3.4	1.6	1.0	3.7
	Uganda	7.6	4.9	6.3	9.3	9.2	7.1
	Zambia	6.4	8.7	13.1	21.9	20.1	25.1
	Zimbabwe	13.3	–12.5	–21.1	–3.7	–6.3	3.4
Sub-Saharan Africa		18.3	15.7	18.5	20.7	21.4	22.8
	Excluding Nigeria and South Africa	14.9	10.7	14.8	18.0	19.4	22.4
CFA franc zone		20.3	20.7	22.3	24.3	27.8	32.0
	WAEMU	13.0	15.0	13.0	12.6	11.8	12.9
	CEMAC	29.8	27.9	33.9	37.5	43.8	49.8
SADC		17.8	14.3	16.8	18.1	17.6	19.2
COMESA		11.6	3.1	7.3	12.9	14.6	18.4
Resource intensive countries		27.5	25.9	29.6	34.2	37.3	40.4
	Oil	28.4	26.2	30.0	35.1	38.8	42.4
	Non-oil	23.2	24.1	27.6	29.2	27.6	27.9
Non-resource intensive countries		14.2	10.8	13.1	14.0	12.6	12.3
	Coastal	15.6	16.3	16.0	15.8	14.1	13.8
	Landlocked	8.5	–3.0	0.0	4.3	4.1	4.6
MDRI		9.5	10.0	10.8	11.1	10.1	11.6
HIPC Initiative (completion point countries)		9.5	10.0	10.8	11.1	10.1	11.6
Fixed exchange rate regime		19.9	11.4	19.3	24.2	26.4	29.2
Floating exchange rate regime		17.8	17.4	18.3	19.7	20.1	21.2

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA8.

Overall Fiscal Balance, Including Grants

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

^¹For Burkina Faso, Madagascar and Mali the projection of the fiscal balance for 2006 has been particularly distort of debt relief under the MDRI. If MDRI relief had been given on flow terms, the projected overall fiscal balance for countries as a share of GDP would be -5.0 percent, -5.1 percent , and -3.4 percent, respectively.

Table SA8.

Overall Fiscal Balance, Including Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		–3.1	–2.9	–1.4	4.1	7.8	15.4
	Angola	–14.4	–6.2	–6.4	–0.5	6.8	4.6
	Cameroon	–0.2	0.7	1.2	–0.5	3.5	45.7
	Chad	–4.9	–6.0	–6.4	–3.0	–0.4	–0.7
	Congo, Rep. of	–6.9	–8.1	0.4	3.9	15.9	21.6
	Côte d’Ivoire	–1.5	–1.3	–2.9	–1.7	–1.7	0.6
	Equatorial Guinea	5.0	11.5	–1.7	9.9	22.3	25.8
	Gabon	0.7	3.5	7.4	7.4	9.4	12.3
	Nigeria	–2.8	–4.2	–1.3	7.7	9.5	17.7
Oil-importing countries		–2.9	–2.6	–2.5	–2.1	–1.3	–0.7
	Benin	0.2	–2.3	–1.9	–1.0	–0.9	–2.8
	Botswana	2.3	–3.6	–1.2	0.6	6.8	3.1
	Burkina Faso ¹	–3.1	–4.8	–2.9	–4.3	–4.9	16.9
	Burundi	–4.8	–1.4	–6.2	–4.9	–6.3	–0.4
	Cape Verde	–10.6	–2.6	–3.5	–4.0	–5.1	–7.1
	Central African Republic	–0.9	–1.2	–3.1	–2.2	–4.6	–1.4
	Comoros	–2.9	–5.0	–4.0	–1.7	0.1	–1.2
	Congo, Dem. Rep. of	–5.0	–2.7	–4.7	–4.9	–3.1	–1.5
	Eritrea	–35.2	–31.9	–16.8	–20.5	–19.7	–17.9
	Ethiopia	–5.6	–7.7	–7.0	–3.1	–4.9	–5.2
	Gambia, The	–5.5	–4.4	–4.7	–5.7	–8.6	–4.8
	Ghana	–8.4	–4.9	–3.3	–3.1	–1.7	–3.2
	Guinea	–2.8	–4.4	–6.1	–4.9	–0.8	1.0
	Guinea-Bissau	–12.5	–11.3	–15.6	–15.0	–12.1	–10.8
	Kenya	–0.9	–3.2	–1.7	–0.1	–2.0	–3.3
	Lesotho	–3.8	–4.4	0.8	8.8	4.2	2.7
	Liberia	n.a.	–1.3	0.6	–0.1	0.3	0.7
	Madagascar ¹	–3.8	–6.2	–4.8	–5.7	–4.3	38.7
	Malawi	–5.7	–11.6	–6.5	–6.5	–5.5	–1.7
	Mali ¹	–3.4	–3.6	–1.3	–2.6	–3.2	31.1
	Mauritius	–4.8	–6.1	–6.2	–5.3	–5.0	–5.5
	Mozambique	–3.6	–7.2	–4.1	–4.3	–2.1	–2.5
	Namibia	–3.2	–3.5	–6.5	–4.9	–3.8	–3.5
	Niger	–3.6	–2.8	–2.7	–3.5	–2.5	–3.0
	Rwanda	–2.0	–1.9	–2.5	–0.2	0.7	–0.7
	São Tomé and Príncipe	–26.0	–16.4	–17.0	–26.6	59.3	26.2
	Senegal	–0.6	0.0	–1.3	–3.1	–3.0	–4.9
	Seychelles	–10.6	–18.7	3.7	–0.5	1.1	–2.7
	Sierra Leone	–9.0	–8.3	–6.7	–3.5	–2.7	–0.5
	South Africa	–2.4	–1.2	–2.0	–1.7	–0.6	–1.2
	Swaziland	–0.5	–4.2	–3.1	–2.8	–4.1	–6.3
	Tanzania	–1.0	–1.0	–1.4	–3.0	–3.2	–5.7
	Togo	–2.8	–0.4	2.4	0.9	–0.8	–3.2
	Uganda	–3.0	–5.3	–4.3	–1.7	–0.6	–0.7
	Zambia	–4.4	–5.1	–6.0	–2.9	–1.6	–2.4
	Zimbabwe	–8.7	–2.7	–0.2	–7.6	–6.1	–3.1
Sub-Saharan Africa		–2.9	–2.7	–2.2	–0.4	1.5	4.5
	Excluding Nigeria and South Africa	–3.5	–3.3	–2.7	–1.6	0.9	5.3
CFA franc zone		–1.3	–0.8	–0.7	–0.1	2.9	15.4
	WAEMU	–1.9	–1.9	–2.1	–2.4	–2.5	4.5
	CEMAC	–0.8	0.5	1.2	2.4	8.4	25.6
SADC		–3.2	–2.4	–2.5	–1.9	–0.1	–0.8
COMESA		–5.2	–4.5	–4.3	–2.6	–0.3	0.8
Resource intensive countries		–2.9	–3.1	–1.9	3.1	6.9	13.2
	Oil	–3.1	–2.9	–1.4	4.1	7.8	15.4
	Non-oil	–1.8	–4.4	–4.4	–2.4	1.2	–0.4
Non-resource intensive countries		–3.0	–2.5	–2.4	–2.1	–1.5	–0.7
	Coastal	–2.6	–2.0	–2.1	–1.9	–1.1	–1.3
	Landlocked	–5.0	–3.9	–3.3	–3.3	–3.3	2.2
MDRI		–3.0	–3.4	–2.7	–2.7	–1.7	8.6
HIPC Initiative (completion point countries)		–3.0	–3.4	–2.7	–2.7	–1.7	8.6
Fixed exchange rate regime		–2.2	–1.9	–1.0	–0.6	2.3	11.5
Floating exchange rate regime		–3.1	–3.0	–2.6	–0.3	1.3	2.7

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA8.

Overall Fiscal Balance, Including Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		–3.1	–2.9	–1.4	4.1	7.8	15.4
	Angola	–14.4	–6.2	–6.4	–0.5	6.8	4.6
	Cameroon	–0.2	0.7	1.2	–0.5	3.5	45.7
	Chad	–4.9	–6.0	–6.4	–3.0	–0.4	–0.7
	Congo, Rep. of	–6.9	–8.1	0.4	3.9	15.9	21.6
	Côte d’Ivoire	–1.5	–1.3	–2.9	–1.7	–1.7	0.6
	Equatorial Guinea	5.0	11.5	–1.7	9.9	22.3	25.8
	Gabon	0.7	3.5	7.4	7.4	9.4	12.3
	Nigeria	–2.8	–4.2	–1.3	7.7	9.5	17.7
Oil-importing countries		–2.9	–2.6	–2.5	–2.1	–1.3	–0.7
	Benin	0.2	–2.3	–1.9	–1.0	–0.9	–2.8
	Botswana	2.3	–3.6	–1.2	0.6	6.8	3.1
	Burkina Faso ¹	–3.1	–4.8	–2.9	–4.3	–4.9	16.9
	Burundi	–4.8	–1.4	–6.2	–4.9	–6.3	–0.4
	Cape Verde	–10.6	–2.6	–3.5	–4.0	–5.1	–7.1
	Central African Republic	–0.9	–1.2	–3.1	–2.2	–4.6	–1.4
	Comoros	–2.9	–5.0	–4.0	–1.7	0.1	–1.2
	Congo, Dem. Rep. of	–5.0	–2.7	–4.7	–4.9	–3.1	–1.5
	Eritrea	–35.2	–31.9	–16.8	–20.5	–19.7	–17.9
	Ethiopia	–5.6	–7.7	–7.0	–3.1	–4.9	–5.2
	Gambia, The	–5.5	–4.4	–4.7	–5.7	–8.6	–4.8
	Ghana	–8.4	–4.9	–3.3	–3.1	–1.7	–3.2
	Guinea	–2.8	–4.4	–6.1	–4.9	–0.8	1.0
	Guinea-Bissau	–12.5	–11.3	–15.6	–15.0	–12.1	–10.8
	Kenya	–0.9	–3.2	–1.7	–0.1	–2.0	–3.3
	Lesotho	–3.8	–4.4	0.8	8.8	4.2	2.7
	Liberia	n.a.	–1.3	0.6	–0.1	0.3	0.7
	Madagascar ¹	–3.8	–6.2	–4.8	–5.7	–4.3	38.7
	Malawi	–5.7	–11.6	–6.5	–6.5	–5.5	–1.7
	Mali ¹	–3.4	–3.6	–1.3	–2.6	–3.2	31.1
	Mauritius	–4.8	–6.1	–6.2	–5.3	–5.0	–5.5
	Mozambique	–3.6	–7.2	–4.1	–4.3	–2.1	–2.5
	Namibia	–3.2	–3.5	–6.5	–4.9	–3.8	–3.5
	Niger	–3.6	–2.8	–2.7	–3.5	–2.5	–3.0
	Rwanda	–2.0	–1.9	–2.5	–0.2	0.7	–0.7
	São Tomé and Príncipe	–26.0	–16.4	–17.0	–26.6	59.3	26.2
	Senegal	–0.6	0.0	–1.3	–3.1	–3.0	–4.9
	Seychelles	–10.6	–18.7	3.7	–0.5	1.1	–2.7
	Sierra Leone	–9.0	–8.3	–6.7	–3.5	–2.7	–0.5
	South Africa	–2.4	–1.2	–2.0	–1.7	–0.6	–1.2
	Swaziland	–0.5	–4.2	–3.1	–2.8	–4.1	–6.3
	Tanzania	–1.0	–1.0	–1.4	–3.0	–3.2	–5.7
	Togo	–2.8	–0.4	2.4	0.9	–0.8	–3.2
	Uganda	–3.0	–5.3	–4.3	–1.7	–0.6	–0.7
	Zambia	–4.4	–5.1	–6.0	–2.9	–1.6	–2.4
	Zimbabwe	–8.7	–2.7	–0.2	–7.6	–6.1	–3.1
Sub-Saharan Africa		–2.9	–2.7	–2.2	–0.4	1.5	4.5
	Excluding Nigeria and South Africa	–3.5	–3.3	–2.7	–1.6	0.9	5.3
CFA franc zone		–1.3	–0.8	–0.7	–0.1	2.9	15.4
	WAEMU	–1.9	–1.9	–2.1	–2.4	–2.5	4.5
	CEMAC	–0.8	0.5	1.2	2.4	8.4	25.6
SADC		–3.2	–2.4	–2.5	–1.9	–0.1	–0.8
COMESA		–5.2	–4.5	–4.3	–2.6	–0.3	0.8
Resource intensive countries		–2.9	–3.1	–1.9	3.1	6.9	13.2
	Oil	–3.1	–2.9	–1.4	4.1	7.8	15.4
	Non-oil	–1.8	–4.4	–4.4	–2.4	1.2	–0.4
Non-resource intensive countries		–3.0	–2.5	–2.4	–2.1	–1.5	–0.7
	Coastal	–2.6	–2.0	–2.1	–1.9	–1.1	–1.3
	Landlocked	–5.0	–3.9	–3.3	–3.3	–3.3	2.2
MDRI		–3.0	–3.4	–2.7	–2.7	–1.7	8.6
HIPC Initiative (completion point countries)		–3.0	–3.4	–2.7	–2.7	–1.7	8.6
Fixed exchange rate regime		–2.2	–1.9	–1.0	–0.6	2.3	11.5
Floating exchange rate regime		–3.1	–3.0	–2.6	–0.3	1.3	2.7

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA9.

Overall Fiscal Balance, Excluding Grants

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA9.

Overall Fiscal Balance, Excluding Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		–3.6	–3.1	–1.8	3.8	7.5	11.3
	Angola	–16.7	–6.2	–7.2	–1.0	6.6	4.3
	Cameroon	–0.4	0.5	0.7	–0.8	3.0	2.1
	Chad	–10.2	–12.1	–14.1	–6.0	–3.7	–3.4
	Congo, Rep. of	–7.2	–8.3	–0.1	3.6	15.7	20.6
	Côte d’Ivoire	–2.0	–1.8	–3.5	–2.6	–2.8	–1.2
	Equatorial Guinea	4.6	11.5	–1.8	9.9	22.3	25.7
	Gabon	0.7	3.4	7.4	7.4	9.3	12.2
	Nigeria	–2.8	–4.2	–1.3	7.7	9.5	17.7
Oil-importing countries		–4.3	–4.0	–4.1	–3.7	–2.9	–3.8
	Benin	–2.8	–3.3	–3.7	–3.7	–3.1	–5.0
	Botswana	1.9	–3.9	–1.3	0.0	6.2	2.5
	Burkina Faso	–9.9	–10.0	–8.3	–8.7	–9.3	–9.9
	Burundi	–7.1	–5.7	–13.8	–19.7	–18.0	–22.8
	Cape Verde	–19.3	–11.3	–9.1	–14.9	–12.2	–16.1
	Central African Republic	–7.0	–5.0	–4.6	–5.5	–8.6	–3.4
	Comoros	–9.1	–9.1	–6.2	–4.5	–4.2	–7.6
	Congo, Dem. Rep. of	–5.0	–3.1	–6.7	–6.8	–8.4	–11.0
	Eritrea	–47.1	–46.0	–38.6	–38.2	–36.2	–28.3
	Ethiopia	–8.6	–11.6	–13.7	–7.9	–9.7	–10.1
	Gambia, The	–7.3	–8.9	–7.2	–10.2	–10.3	–6.2
	Ghana	–11.2	–8.0	–8.0	–9.5	–6.9	–7.8
	Guinea	–5.6	–6.2	–8.9	–5.9	–1.4	–0.5
	Guinea-Bissau	–22.3	–17.4	–23.3	–32.2	–20.5	–27.7
	Kenya	–1.8	–3.9	–3.6	–1.3	–3.7	–5.4
	Lesotho	–6.4	–8.3	–1.4	6.3	2.6	–1.6
	Liberia	n.a.	–1.3	–0.1	–0.4	–0.5	–1.5
	Madagascar	–7.8	–8.4	–9.9	–13.9	–10.1	–10.8
	Malawi	–12.1	–17.4	–17.3	–20.7	–22.0	–18.1
	Mali	–8.0	–7.3	–5.7	–6.6	–7.3	–8.6
	Mauritius	–5.0	–6.3	–6.5	–5.7	–5.2	–5.8
	Mozambique	–13.8	–17.5	–13.6	–11.8	–8.8	–13.8
	Namibia	–3.4	–3.6	–6.6	–5.0	–4.1	–3.8
	Niger	–8.3	–7.7	–7.5	–9.2	–8.1	–11.0
	Rwanda	–9.1	–9.1	–10.5	–12.3	–13.4	–13.9
	São Tomé and Príncipe	–47.6	–43.6	–49.5	–58.8	32.0	–5.6
	Senegal	–2.7	–1.7	–3.3	–5.2	–4.7	–6.7
	Seychelles	–11.2	–18.8	3.7	–0.5	–0.2	–2.9
	Sierra Leone	–13.4	–16.5	–14.4	–12.5	–12.8	–9.3
	South Africa	–2.4	–1.2	–2.0	–1.7	–0.6	–1.2
	Swaziland	–1.3	–5.4	–4.1	–3.8	–4.8	–6.9
	Tanzania	–4.5	–5.1	–7.2	–8.6	–10.4	–11.3
	Togo	–3.8	–0.8	1.8	0.2	–1.6	–3.8
	Uganda	–8.7	–12.3	–10.9	–11.1	–9.0	–8.4
	Zambia	–10.7	–13.4	–13.0	–8.5	–7.3	–6.5
	Zimbabwe	–9.7	–2.8	–0.4	–7.7	–6.1	–3.2
Sub-Saharan Africa		–4.0	–3.8	–3.5	–1.6	0.3	1.0
	Excluding Nigeria and South Africa	–5.9	–5.2	–5.5	–4.5	–2.0	–2.2
CFA franc zone		–3.1	–2.3	–2.4	–1.7	1.3	2.3
	WAEMU	–4.3	–3.9	–4.5	–4.9	–5.0	–5.5
	CEMAC	–1.6	–0.3	0.2	1.8	7.6	9.7
SADC		–3.9	–3.1	–3.3	–2.6	–0.9	–1.7
COMESA		–7.5	–6.1	–7.1	–5.7	–3.4	–3.8
Resource intensive countries		–3.6	–3.8	–2.6	2.5	6.3	9.3
	Oil	–3.6	–3.1	–1.8	3.8	7.5	11.3
	Non-oil	–4.0	–7.2	–6.7	–4.4	–1.2	–2.7
Non-resource intensive countries		–4.3	–3.8	–3.9	–3.7	–3.1	–3.9
	Coastal	–3.4	–2.8	–3.1	–2.9	–2.0	–2.9
	Landlocked	–8.3	–6.2	–7.4	–8.3	–8.9	–9.1
MDRI		–6.8	–7.3	–7.3	–7.4	–6.5	–7.5
HIPC Initiative (completion point countries)		–6.8	–7.3	–7.3	–7.4	–6.5	–7.5
Fixed exchange rate regime		–3.7	–2.9	–2.3	–2.1	0.9	1.3
Floating exchange rate regime		–4.1	–4.1	–3.8	–1.5	0.1	1.0

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA9.

Overall Fiscal Balance, Excluding Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		–3.6	–3.1	–1.8	3.8	7.5	11.3
	Angola	–16.7	–6.2	–7.2	–1.0	6.6	4.3
	Cameroon	–0.4	0.5	0.7	–0.8	3.0	2.1
	Chad	–10.2	–12.1	–14.1	–6.0	–3.7	–3.4
	Congo, Rep. of	–7.2	–8.3	–0.1	3.6	15.7	20.6
	Côte d’Ivoire	–2.0	–1.8	–3.5	–2.6	–2.8	–1.2
	Equatorial Guinea	4.6	11.5	–1.8	9.9	22.3	25.7
	Gabon	0.7	3.4	7.4	7.4	9.3	12.2
	Nigeria	–2.8	–4.2	–1.3	7.7	9.5	17.7
Oil-importing countries		–4.3	–4.0	–4.1	–3.7	–2.9	–3.8
	Benin	–2.8	–3.3	–3.7	–3.7	–3.1	–5.0
	Botswana	1.9	–3.9	–1.3	0.0	6.2	2.5
	Burkina Faso	–9.9	–10.0	–8.3	–8.7	–9.3	–9.9
	Burundi	–7.1	–5.7	–13.8	–19.7	–18.0	–22.8
	Cape Verde	–19.3	–11.3	–9.1	–14.9	–12.2	–16.1
	Central African Republic	–7.0	–5.0	–4.6	–5.5	–8.6	–3.4
	Comoros	–9.1	–9.1	–6.2	–4.5	–4.2	–7.6
	Congo, Dem. Rep. of	–5.0	–3.1	–6.7	–6.8	–8.4	–11.0
	Eritrea	–47.1	–46.0	–38.6	–38.2	–36.2	–28.3
	Ethiopia	–8.6	–11.6	–13.7	–7.9	–9.7	–10.1
	Gambia, The	–7.3	–8.9	–7.2	–10.2	–10.3	–6.2
	Ghana	–11.2	–8.0	–8.0	–9.5	–6.9	–7.8
	Guinea	–5.6	–6.2	–8.9	–5.9	–1.4	–0.5
	Guinea-Bissau	–22.3	–17.4	–23.3	–32.2	–20.5	–27.7
	Kenya	–1.8	–3.9	–3.6	–1.3	–3.7	–5.4
	Lesotho	–6.4	–8.3	–1.4	6.3	2.6	–1.6
	Liberia	n.a.	–1.3	–0.1	–0.4	–0.5	–1.5
	Madagascar	–7.8	–8.4	–9.9	–13.9	–10.1	–10.8
	Malawi	–12.1	–17.4	–17.3	–20.7	–22.0	–18.1
	Mali	–8.0	–7.3	–5.7	–6.6	–7.3	–8.6
	Mauritius	–5.0	–6.3	–6.5	–5.7	–5.2	–5.8
	Mozambique	–13.8	–17.5	–13.6	–11.8	–8.8	–13.8
	Namibia	–3.4	–3.6	–6.6	–5.0	–4.1	–3.8
	Niger	–8.3	–7.7	–7.5	–9.2	–8.1	–11.0
	Rwanda	–9.1	–9.1	–10.5	–12.3	–13.4	–13.9
	São Tomé and Príncipe	–47.6	–43.6	–49.5	–58.8	32.0	–5.6
	Senegal	–2.7	–1.7	–3.3	–5.2	–4.7	–6.7
	Seychelles	–11.2	–18.8	3.7	–0.5	–0.2	–2.9
	Sierra Leone	–13.4	–16.5	–14.4	–12.5	–12.8	–9.3
	South Africa	–2.4	–1.2	–2.0	–1.7	–0.6	–1.2
	Swaziland	–1.3	–5.4	–4.1	–3.8	–4.8	–6.9
	Tanzania	–4.5	–5.1	–7.2	–8.6	–10.4	–11.3
	Togo	–3.8	–0.8	1.8	0.2	–1.6	–3.8
	Uganda	–8.7	–12.3	–10.9	–11.1	–9.0	–8.4
	Zambia	–10.7	–13.4	–13.0	–8.5	–7.3	–6.5
	Zimbabwe	–9.7	–2.8	–0.4	–7.7	–6.1	–3.2
Sub-Saharan Africa		–4.0	–3.8	–3.5	–1.6	0.3	1.0
	Excluding Nigeria and South Africa	–5.9	–5.2	–5.5	–4.5	–2.0	–2.2
CFA franc zone		–3.1	–2.3	–2.4	–1.7	1.3	2.3
	WAEMU	–4.3	–3.9	–4.5	–4.9	–5.0	–5.5
	CEMAC	–1.6	–0.3	0.2	1.8	7.6	9.7
SADC		–3.9	–3.1	–3.3	–2.6	–0.9	–1.7
COMESA		–7.5	–6.1	–7.1	–5.7	–3.4	–3.8
Resource intensive countries		–3.6	–3.8	–2.6	2.5	6.3	9.3
	Oil	–3.6	–3.1	–1.8	3.8	7.5	11.3
	Non-oil	–4.0	–7.2	–6.7	–4.4	–1.2	–2.7
Non-resource intensive countries		–4.3	–3.8	–3.9	–3.7	–3.1	–3.9
	Coastal	–3.4	–2.8	–3.1	–2.9	–2.0	–2.9
	Landlocked	–8.3	–6.2	–7.4	–8.3	–8.9	–9.1
MDRI		–6.8	–7.3	–7.3	–7.4	–6.5	–7.5
HIPC Initiative (completion point countries)		–6.8	–7.3	–7.3	–7.4	–6.5	–7.5
Fixed exchange rate regime		–3.7	–2.9	–2.3	–2.1	0.9	1.3
Floating exchange rate regime		–4.1	–4.1	–3.8	–1.5	0.1	1.0

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA10.

Government Revenue, Excluding Grants

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA10.

Government Revenue, Excluding Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		22.2	24.1	22.5	25.9	28.2	32.2
	Angola	42.6	41.1	37.2	37.5	37.7	37.6
	Cameroon	15.2	16.2	16.0	15.2	17.2	18.1
	Chad	7.7	8.1	7.9	8.5	9.3	11.8
	Congo, Rep. of	26.9	27.2	29.1	32.2	39.4	41.2
	Côte d’Ivoire	17.6	17.8	16.8	17.5	17.1	18.8
	Equatorial Guinea	22.7	28.5	28.7	34.3	40.4	44.2
	Gabon	32.7	31.5	30.1	29.5	31.2	32.4
	Nigeria	19.8	22.9	21.0	26.7	28.0	34.4
Oil-importing countries		20.8	19.9	21.2	22.3	23.5	23.6
	Benin	15.0	16.3	17.0	16.4	16.5	16.5
	Botswana	39.5	36.6	38.0	37.5	39.9	39.2
	Burkina Faso	11.8	11.4	12.1	12.8	12.3	13.4
	Burundi	17.2	20.3	21.1	20.1	18.8	19.0
	Cape Verde	20.3	22.6	21.3	22.9	24.1	25.1
	Central African Republic	8.9	10.8	7.7	8.1	8.1	8.7
	Comoros	12.2	16.4	15.8	15.6	15.7	14.2
	Congo, Dem. Rep. of	5.4	7.9	7.7	9.5	11.6	12.5
	Eritrea	32.8	24.0	32.3	27.1	20.5	24.3
	Ethiopia	14.9	16.6	16.4	16.6	16.0	17.9
	Gambia, The	17.8	16.3	15.7	20.9	19.8	21.5
	Ghana	17.6	17.9	20.8	23.8	23.9	23.5
	Guinea	11.1	12.0	10.5	10.4	13.0	13.5
	Guinea-Bissau	14.8	15.3	15.2	17.2	17.6	19.2
	Kenya	20.3	19.6	19.7	21.2	21.6	20.1
	Lesotho	43.0	40.2	41.7	48.4	47.9	53.9
	Liberia	n.a.	13.4	10.8	14.8	15.0	15.7
	Madagascar	10.6	8.0	10.3	12.0	10.9	11.7
	Malawi	16.9	17.7	22.0	23.2	25.5	24.3
	Mali	13.5	15.9	16.4	17.4	17.9	17.1
	Mauritius	19.5	18.3	20.1	19.9	19.7	19.8
	Mozambique	12.0	12.4	12.9	12.6	14.3	14.8
	Namibia	32.4	30.5	29.3	29.6	30.8	30.6
	Niger	8.9	10.6	9.9	11.1	9.5	11.2
	Rwanda	10.4	12.3	13.5	13.9	15.1	14.1
	São Tomé and Príncipe	14.4	23.3	25.6	28.4	102.6	72.3
	Senegal	16.2	17.9	18.2	18.5	19.4	19.8
	Seychelles	42.6	40.0	50.0	49.8	52.2	51.0
	Sierra Leone	8.9	12.1	12.4	12.3	11.9	12.3
	South Africa	23.5	23.3	23.3	24.2	25.9	26.1
	Swaziland	28.5	25.4	25.3	29.8	31.9	30.1
	Tanzania	11.2	11.1	11.4	11.8	12.5	12.8
	Togo	13.5	12.3	16.5	16.2	14.6	15.0
	Uganda	11.3	12.2	12.2	12.6	12.8	13.1
	Zambia	19.0	17.9	18.0	18.2	17.7	16.8
	Zimbabwe	25.0	17.9	24.9	33.8	44.2	37.9
Sub-Saharan Africa		21.2	21.0	21.5	23.3	25.0	26.4
	Excluding Nigeria and South Africa	19.3	19.2	20.1	21.3	23.1	24.1
CFA franc zone		17.4	18.2	18.0	18.7	20.6	22.4
	WAEMU	15.3	16.0	16.0	16.5	16.3	17.2
	CEMAC	20.2	20.9	20.5	21.2	25.0	27.3
SADC		23.6	22.6	23.7	24.8	26.7	27.1
COMESA		20.7	20.0	21.7	23.5	25.2	25.7
Resource intensive countries		23.0	24.3	23.1	26.0	28.2	31.4
	Oil	22.2	24.1	22.5	25.9	28.2	32.2
	Non-oil	26.6	25.3	26.4	26.6	28.0	26.2
Non-resource intensive countries		20.3	19.5	20.8	22.0	23.2	23.4
	Coastal	21.5	20.9	21.6	22.7	24.1	24.2
	Landlocked	15.3	15.9	16.8	17.6	18.3	19.4
MDRI		13.8	14.3	15.0	15.6	16.1	16.5
HIPC Initiative (completion point countries)		13.8	14.3	15.0	15.6	16.1	16.5
Fixed exchange rate regime		21.5	20.0	21.7	22.6	24.5	25.8
Floating exchange rate regime		21.1	21.4	21.5	23.5	25.1	26.5

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA10.

Government Revenue, Excluding Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		22.2	24.1	22.5	25.9	28.2	32.2
	Angola	42.6	41.1	37.2	37.5	37.7	37.6
	Cameroon	15.2	16.2	16.0	15.2	17.2	18.1
	Chad	7.7	8.1	7.9	8.5	9.3	11.8
	Congo, Rep. of	26.9	27.2	29.1	32.2	39.4	41.2
	Côte d’Ivoire	17.6	17.8	16.8	17.5	17.1	18.8
	Equatorial Guinea	22.7	28.5	28.7	34.3	40.4	44.2
	Gabon	32.7	31.5	30.1	29.5	31.2	32.4
	Nigeria	19.8	22.9	21.0	26.7	28.0	34.4
Oil-importing countries		20.8	19.9	21.2	22.3	23.5	23.6
	Benin	15.0	16.3	17.0	16.4	16.5	16.5
	Botswana	39.5	36.6	38.0	37.5	39.9	39.2
	Burkina Faso	11.8	11.4	12.1	12.8	12.3	13.4
	Burundi	17.2	20.3	21.1	20.1	18.8	19.0
	Cape Verde	20.3	22.6	21.3	22.9	24.1	25.1
	Central African Republic	8.9	10.8	7.7	8.1	8.1	8.7
	Comoros	12.2	16.4	15.8	15.6	15.7	14.2
	Congo, Dem. Rep. of	5.4	7.9	7.7	9.5	11.6	12.5
	Eritrea	32.8	24.0	32.3	27.1	20.5	24.3
	Ethiopia	14.9	16.6	16.4	16.6	16.0	17.9
	Gambia, The	17.8	16.3	15.7	20.9	19.8	21.5
	Ghana	17.6	17.9	20.8	23.8	23.9	23.5
	Guinea	11.1	12.0	10.5	10.4	13.0	13.5
	Guinea-Bissau	14.8	15.3	15.2	17.2	17.6	19.2
	Kenya	20.3	19.6	19.7	21.2	21.6	20.1
	Lesotho	43.0	40.2	41.7	48.4	47.9	53.9
	Liberia	n.a.	13.4	10.8	14.8	15.0	15.7
	Madagascar	10.6	8.0	10.3	12.0	10.9	11.7
	Malawi	16.9	17.7	22.0	23.2	25.5	24.3
	Mali	13.5	15.9	16.4	17.4	17.9	17.1
	Mauritius	19.5	18.3	20.1	19.9	19.7	19.8
	Mozambique	12.0	12.4	12.9	12.6	14.3	14.8
	Namibia	32.4	30.5	29.3	29.6	30.8	30.6
	Niger	8.9	10.6	9.9	11.1	9.5	11.2
	Rwanda	10.4	12.3	13.5	13.9	15.1	14.1
	São Tomé and Príncipe	14.4	23.3	25.6	28.4	102.6	72.3
	Senegal	16.2	17.9	18.2	18.5	19.4	19.8
	Seychelles	42.6	40.0	50.0	49.8	52.2	51.0
	Sierra Leone	8.9	12.1	12.4	12.3	11.9	12.3
	South Africa	23.5	23.3	23.3	24.2	25.9	26.1
	Swaziland	28.5	25.4	25.3	29.8	31.9	30.1
	Tanzania	11.2	11.1	11.4	11.8	12.5	12.8
	Togo	13.5	12.3	16.5	16.2	14.6	15.0
	Uganda	11.3	12.2	12.2	12.6	12.8	13.1
	Zambia	19.0	17.9	18.0	18.2	17.7	16.8
	Zimbabwe	25.0	17.9	24.9	33.8	44.2	37.9
Sub-Saharan Africa		21.2	21.0	21.5	23.3	25.0	26.4
	Excluding Nigeria and South Africa	19.3	19.2	20.1	21.3	23.1	24.1
CFA franc zone		17.4	18.2	18.0	18.7	20.6	22.4
	WAEMU	15.3	16.0	16.0	16.5	16.3	17.2
	CEMAC	20.2	20.9	20.5	21.2	25.0	27.3
SADC		23.6	22.6	23.7	24.8	26.7	27.1
COMESA		20.7	20.0	21.7	23.5	25.2	25.7
Resource intensive countries		23.0	24.3	23.1	26.0	28.2	31.4
	Oil	22.2	24.1	22.5	25.9	28.2	32.2
	Non-oil	26.6	25.3	26.4	26.6	28.0	26.2
Non-resource intensive countries		20.3	19.5	20.8	22.0	23.2	23.4
	Coastal	21.5	20.9	21.6	22.7	24.1	24.2
	Landlocked	15.3	15.9	16.8	17.6	18.3	19.4
MDRI		13.8	14.3	15.0	15.6	16.1	16.5
HIPC Initiative (completion point countries)		13.8	14.3	15.0	15.6	16.1	16.5
Fixed exchange rate regime		21.5	20.0	21.7	22.6	24.5	25.8
Floating exchange rate regime		21.1	21.4	21.5	23.5	25.1	26.5

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA11.

Government Expenditure

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA11.

Government Expenditure

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		25.8	27.3	24.4	22.1	20.7	21.0
	Angola	59.4	47.3	44.3	38.5	31.2	33.2
	Cameroon	15.6	15.7	15.3	16.0	14.3	16.0
	Chad	17.9	20.2	22.0	14.4	13.0	15.2
	Congo, Rep. of	34.1	35.5	29.3	28.6	23.7	20.6
	Côte d’Ivoire	19.7	19.6	20.4	20.1	19.9	20.0
	Equatorial Guinea	18.1	17.0	30.5	24.4	18.1	18.5
	Gabon	31.9	28.0	22.8	22.1	21.8	20.2
	Nigeria	22.6	27.1	22.3	19.1	18.5	16.7
Oil-importing countries		25.0	23.9	25.3	26.0	26.5	27.4
	Benin	17.7	19.5	20.6	20.1	19.6	21.5
	Botswana	37.6	40.4	39.3	37.5	33.7	36.8
	Burkina Faso	21.6	21.4	20.3	21.5	21.6	23.3
	Burundi	24.3	25.9	34.9	39.8	36.8	41.8
	Cape Verde	39.5	33.9	30.4	37.8	36.3	41.2
	Central African Republic	15.9	15.8	12.3	13.5	16.7	12.1
	Comoros	21.4	25.5	22.0	20.1	19.9	21.8
	Congo, Dem. Rep. of	10.5	11.0	14.4	16.3	19.9	23.4
	Eritrea	79.9	70.0	70.8	65.3	56.6	52.6
	Ethiopia	23.5	28.2	30.1	24.4	25.7	28.0
	Gambia, The	25.2	25.2	22.9	31.2	30.1	27.7
	Ghana	28.8	25.9	28.8	33.3	30.8	31.3
	Guinea	16.7	18.3	19.4	16.3	14.4	14.0
	Guinea-Bissau	37.1	32.7	38.5	49.4	38.1	46.9
	Kenya	22.1	23.5	23.4	22.6	25.3	25.5
	Lesotho	49.4	48.5	43.1	42.1	45.2	55.5
	Liberia	n.a.	14.7	10.9	15.2	15.4	17.3
	Madagascar	18.4	16.4	20.2	26.0	21.0	22.4
	Malawi	29.1	35.1	39.3	43.9	47.5	42.4
	Mali	21.6	23.2	22.1	24.0	25.2	25.7
	Mauritius	24.5	24.6	26.6	25.6	25.0	25.6
	Mozambique	25.8	30.0	26.5	24.4	23.1	28.7
	Namibia	35.8	34.2	35.9	34.6	34.9	34.4
	Niger	17.2	18.4	17.3	20.2	17.7	22.2
	Rwanda	19.6	21.3	24.1	26.1	28.5	28.1
	São Tomé and Príncipe	62.1	66.9	75.1	87.2	70.6	77.9
	Senegal	18.9	19.5	21.5	23.7	24.1	26.5
	Seychelles	53.8	58.7	46.3	50.3	52.4	53.8
	Sierra Leone	22.3	28.6	26.8	24.8	24.6	21.6
	South Africa	25.9	24.5	25.3	25.9	26.5	27.4
	Swaziland	29.8	30.9	29.4	33.7	36.8	37.0
	Tanzania	15.6	16.1	18.6	20.4	22.9	24.1
	Togo	17.4	13.1	14.6	16.0	16.2	18.8
	Uganda	20.0	24.5	23.1	23.8	21.8	21.5
	Zambia	29.6	31.3	30.9	26.7	25.0	23.4
	Zimbabwe	34.7	20.7	25.3	41.5	50.3	41.2
Sub-Saharan Africa		25.3	24.8	25.0	24.9	24.7	25.4
	Excluding Nigeria and South Africa	25.1	24.4	25.6	25.8	25.1	26.4
CFA franc zone		20.5	20.5	20.4	20.5	19.3	20.1
	WAEMU	19.7	19.9	20.4	21.4	21.3	22.7
	CEMAC	21.7	21.2	20.4	19.4	17.4	17.6
SADC		27.5	25.7	27.0	27.4	27.6	28.7
COMESA		28.2	26.0	28.8	29.2	28.6	29.5
Resource intensive countries		26.6	28.1	25.8	23.5	21.9	22.1
	Oil	25.8	27.3	24.4	22.1	20.7	21.0
	Non-oil	30.7	32.5	33.2	31.0	29.2	28.8
Non-resource intensive countries		24.6	23.3	24.7	25.6	26.3	27.3
	Coastal	24.9	23.7	24.8	25.6	26.1	27.1
	Landlocked	23.7	22.1	24.2	25.9	27.2	28.5
MDRI		20.6	21.6	22.3	23.0	22.5	24.0
HIPC Initiative (completion point countries)		20.6	21.6	22.3	23.0	22.5	24.0
Fixed exchange rate regime		25.2	22.9	24.0	24.6	23.6	24.5
Floating exchange rate regime		25.3	25.6	25.3	25.0	25.0	25.6

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA11.

Government Expenditure

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		25.8	27.3	24.4	22.1	20.7	21.0
	Angola	59.4	47.3	44.3	38.5	31.2	33.2
	Cameroon	15.6	15.7	15.3	16.0	14.3	16.0
	Chad	17.9	20.2	22.0	14.4	13.0	15.2
	Congo, Rep. of	34.1	35.5	29.3	28.6	23.7	20.6
	Côte d’Ivoire	19.7	19.6	20.4	20.1	19.9	20.0
	Equatorial Guinea	18.1	17.0	30.5	24.4	18.1	18.5
	Gabon	31.9	28.0	22.8	22.1	21.8	20.2
	Nigeria	22.6	27.1	22.3	19.1	18.5	16.7
Oil-importing countries		25.0	23.9	25.3	26.0	26.5	27.4
	Benin	17.7	19.5	20.6	20.1	19.6	21.5
	Botswana	37.6	40.4	39.3	37.5	33.7	36.8
	Burkina Faso	21.6	21.4	20.3	21.5	21.6	23.3
	Burundi	24.3	25.9	34.9	39.8	36.8	41.8
	Cape Verde	39.5	33.9	30.4	37.8	36.3	41.2
	Central African Republic	15.9	15.8	12.3	13.5	16.7	12.1
	Comoros	21.4	25.5	22.0	20.1	19.9	21.8
	Congo, Dem. Rep. of	10.5	11.0	14.4	16.3	19.9	23.4
	Eritrea	79.9	70.0	70.8	65.3	56.6	52.6
	Ethiopia	23.5	28.2	30.1	24.4	25.7	28.0
	Gambia, The	25.2	25.2	22.9	31.2	30.1	27.7
	Ghana	28.8	25.9	28.8	33.3	30.8	31.3
	Guinea	16.7	18.3	19.4	16.3	14.4	14.0
	Guinea-Bissau	37.1	32.7	38.5	49.4	38.1	46.9
	Kenya	22.1	23.5	23.4	22.6	25.3	25.5
	Lesotho	49.4	48.5	43.1	42.1	45.2	55.5
	Liberia	n.a.	14.7	10.9	15.2	15.4	17.3
	Madagascar	18.4	16.4	20.2	26.0	21.0	22.4
	Malawi	29.1	35.1	39.3	43.9	47.5	42.4
	Mali	21.6	23.2	22.1	24.0	25.2	25.7
	Mauritius	24.5	24.6	26.6	25.6	25.0	25.6
	Mozambique	25.8	30.0	26.5	24.4	23.1	28.7
	Namibia	35.8	34.2	35.9	34.6	34.9	34.4
	Niger	17.2	18.4	17.3	20.2	17.7	22.2
	Rwanda	19.6	21.3	24.1	26.1	28.5	28.1
	São Tomé and Príncipe	62.1	66.9	75.1	87.2	70.6	77.9
	Senegal	18.9	19.5	21.5	23.7	24.1	26.5
	Seychelles	53.8	58.7	46.3	50.3	52.4	53.8
	Sierra Leone	22.3	28.6	26.8	24.8	24.6	21.6
	South Africa	25.9	24.5	25.3	25.9	26.5	27.4
	Swaziland	29.8	30.9	29.4	33.7	36.8	37.0
	Tanzania	15.6	16.1	18.6	20.4	22.9	24.1
	Togo	17.4	13.1	14.6	16.0	16.2	18.8
	Uganda	20.0	24.5	23.1	23.8	21.8	21.5
	Zambia	29.6	31.3	30.9	26.7	25.0	23.4
	Zimbabwe	34.7	20.7	25.3	41.5	50.3	41.2
Sub-Saharan Africa		25.3	24.8	25.0	24.9	24.7	25.4
	Excluding Nigeria and South Africa	25.1	24.4	25.6	25.8	25.1	26.4
CFA franc zone		20.5	20.5	20.4	20.5	19.3	20.1
	WAEMU	19.7	19.9	20.4	21.4	21.3	22.7
	CEMAC	21.7	21.2	20.4	19.4	17.4	17.6
SADC		27.5	25.7	27.0	27.4	27.6	28.7
COMESA		28.2	26.0	28.8	29.2	28.6	29.5
Resource intensive countries		26.6	28.1	25.8	23.5	21.9	22.1
	Oil	25.8	27.3	24.4	22.1	20.7	21.0
	Non-oil	30.7	32.5	33.2	31.0	29.2	28.8
Non-resource intensive countries		24.6	23.3	24.7	25.6	26.3	27.3
	Coastal	24.9	23.7	24.8	25.6	26.1	27.1
	Landlocked	23.7	22.1	24.2	25.9	27.2	28.5
MDRI		20.6	21.6	22.3	23.0	22.5	24.0
HIPC Initiative (completion point countries)		20.6	21.6	22.3	23.0	22.5	24.0
Fixed exchange rate regime		25.2	22.9	24.0	24.6	23.6	24.5
Floating exchange rate regime		25.3	25.6	25.3	25.0	25.0	25.6

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA12.

Broad Money

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA12.

Broad Money

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		18.6	24.7	22.0	20.3	18.1	18.2
	Angola	19.0	21.6	17.3	16.4	15.1	16.2
	Cameroon	13.2	18.7	17.7	18.1	17.5	18.0
	Chad	11.7	13.6	11.5	8.1	7.2	9.0
	Congo, Rep. of	14.4	13.9	13.7	14.6	14.3	12.7
	Côte d’Ivoire	22.4	30.1	22.1	23.7	24.1	24.1
	Equatorial Guinea	6.5	6.8	9.5	8.5	7.5	7.7
	Gabon	13.6	15.9	15.5	15.3	16.8	19.7
	Nigeria	20.1	28.4	26.4	23.6	20.3	20.2
Oil-importing countries		44.1	44.3	50.0	51.9	55.9	58.2
	Benin	27.8	29.1	29.4	26.5	29.8	29.8
	Botswana	25.2	25.3	26.8	27.9	26.5	26.5
	Burkina Faso	21.5	19.2	27.0	23.3	20.3	20.3
	Burundi	19.0	24.1	27.0	27.7	29.8	36.2
	Cape Verde	60.8	72.0	71.5	76.6	83.3	84.1
	Central African Republic	17.0	14.4	13.9	16.0	17.8	17.2
	Comoros	19.7	24.4	22.4	20.7	20.0	19.2
	Congo, Dem. Rep. of	6.2	4.7	5.9	8.3	8.1	8.1
	Eritrea	121.9	148.4	142.0	127.1	123.2	119.2
	Ethiopia	34.4	42.4	43.3	40.3	41.8	41.8
	Gambia, The	32.1	43.5	45.8	45.1	46.6	48.4
	Ghana	24.8	31.1	32.0	33.4	31.4	32.0
	Guinea	10.3	12.6	15.0	16.5	17.0	16.2
	Guinea-Bissau	34.1	61.3	22.0	30.5	32.8	32.8
	Kenya	38.2	39.0	39.5	39.9	39.4	36.2
	Lesotho	32.1	29.1	28.0	27.4	27.4	27.1
	Liberia	n.a.	8.6	12.9	18.6	21.0	21.3
	Madagascar	20.9	26.2	25.1	25.9	21.6	21.3
	Malawi	15.5	18.3	20.5	22.0	21.2	21.0
	Mali	21.1	26.9	30.5	29.4	29.7	27.3
	Mauritius	75.9	81.0	82.4	84.8	88.5	88.7
	Mozambique	24.0	28.0	28.3	25.6	29.0	27.4
	Namibia	38.8	37.8	40.3	42.9	46.3	48.3
	Niger	8.2	9.0	12.2	14.9	13.7	13.9
	Rwanda	16.9	17.6	18.5	17.8	18.3	18.7
	São Tomé and Príncipe	32.2	40.0	50.0	47.1	57.7	55.8
	Senegal	22.8	26.2	32.3	34.4	34.3	34.2
	Seychelles	88.3	104.8	111.2	110.4	108.3	115.6
	Sierra Leone	15.9	19.3	20.6	19.6	21.5	18.6
	South Africa	58.3	61.2	64.3	65.9	72.0	76.2
	Swaziland	24.2	20.7	20.6	21.6	22.3	26.2
	Tanzania	14.1	14.1	14.6	15.0	16.7	18.2
	Togo	24.3	23.5	26.7	29.9	29.0	29.9
	Uganda	15.6	18.8	20.2	19.6	18.5	18.4
	Zambia	20.1	22.3	21.8	22.4	18.0	17.0
	Zimbabwe	36.5	37.2	58.7	43.8	86.3	104.7
Sub-Saharan Africa		37.9	39.0	42.3	43.1	44.2	45.4
	Excluding Nigeria and South Africa	24.4	28.1	28.0	26.5	26.3	26.9
CFA franc zone		18.2	21.6	21.1	20.9	20.2	20.1
	WAEMU	22.0	26.1	25.7	26.3	26.2	26.1
	CEMAC	13.2	15.9	15.3	14.7	14.1	14.6
SADC		49.2	48.0	54.2	55.4	59.0	60.8
COMESA		30.4	33.4	35.0	31.9	31.2	31.8
Resource intensive countries		19.5	24.6	22.7	21.5	19.4	19.3
	Oil	18.6	24.7	22.0	20.3	18.1	18.2
	Non-oil	23.5	24.2	26.4	28.0	27.3	26.0
Non-resource intensive countries		45.6	45.8	51.9	53.7	58.0	60.9
	Coastal	50.9	52.4	56.3	58.7	63.2	66.1
	Landlocked	23.1	29.1	31.4	25.8	28.8	34.1
MDRI		20.4	23.9	25.2	25.1	24.7	24.7
HIPC Initiative (completion point countries)		20.4	23.9	25.2	25.1	24.7	24.7
Fixed exchange rate regime		23.2	28.2	27.8	24.9	25.7	28.4
Floating exchange rate regime		42.0	43.3	46.7	48.0	49.0	49.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA12.

Broad Money

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		18.6	24.7	22.0	20.3	18.1	18.2
	Angola	19.0	21.6	17.3	16.4	15.1	16.2
	Cameroon	13.2	18.7	17.7	18.1	17.5	18.0
	Chad	11.7	13.6	11.5	8.1	7.2	9.0
	Congo, Rep. of	14.4	13.9	13.7	14.6	14.3	12.7
	Côte d’Ivoire	22.4	30.1	22.1	23.7	24.1	24.1
	Equatorial Guinea	6.5	6.8	9.5	8.5	7.5	7.7
	Gabon	13.6	15.9	15.5	15.3	16.8	19.7
	Nigeria	20.1	28.4	26.4	23.6	20.3	20.2
Oil-importing countries		44.1	44.3	50.0	51.9	55.9	58.2
	Benin	27.8	29.1	29.4	26.5	29.8	29.8
	Botswana	25.2	25.3	26.8	27.9	26.5	26.5
	Burkina Faso	21.5	19.2	27.0	23.3	20.3	20.3
	Burundi	19.0	24.1	27.0	27.7	29.8	36.2
	Cape Verde	60.8	72.0	71.5	76.6	83.3	84.1
	Central African Republic	17.0	14.4	13.9	16.0	17.8	17.2
	Comoros	19.7	24.4	22.4	20.7	20.0	19.2
	Congo, Dem. Rep. of	6.2	4.7	5.9	8.3	8.1	8.1
	Eritrea	121.9	148.4	142.0	127.1	123.2	119.2
	Ethiopia	34.4	42.4	43.3	40.3	41.8	41.8
	Gambia, The	32.1	43.5	45.8	45.1	46.6	48.4
	Ghana	24.8	31.1	32.0	33.4	31.4	32.0
	Guinea	10.3	12.6	15.0	16.5	17.0	16.2
	Guinea-Bissau	34.1	61.3	22.0	30.5	32.8	32.8
	Kenya	38.2	39.0	39.5	39.9	39.4	36.2
	Lesotho	32.1	29.1	28.0	27.4	27.4	27.1
	Liberia	n.a.	8.6	12.9	18.6	21.0	21.3
	Madagascar	20.9	26.2	25.1	25.9	21.6	21.3
	Malawi	15.5	18.3	20.5	22.0	21.2	21.0
	Mali	21.1	26.9	30.5	29.4	29.7	27.3
	Mauritius	75.9	81.0	82.4	84.8	88.5	88.7
	Mozambique	24.0	28.0	28.3	25.6	29.0	27.4
	Namibia	38.8	37.8	40.3	42.9	46.3	48.3
	Niger	8.2	9.0	12.2	14.9	13.7	13.9
	Rwanda	16.9	17.6	18.5	17.8	18.3	18.7
	São Tomé and Príncipe	32.2	40.0	50.0	47.1	57.7	55.8
	Senegal	22.8	26.2	32.3	34.4	34.3	34.2
	Seychelles	88.3	104.8	111.2	110.4	108.3	115.6
	Sierra Leone	15.9	19.3	20.6	19.6	21.5	18.6
	South Africa	58.3	61.2	64.3	65.9	72.0	76.2
	Swaziland	24.2	20.7	20.6	21.6	22.3	26.2
	Tanzania	14.1	14.1	14.6	15.0	16.7	18.2
	Togo	24.3	23.5	26.7	29.9	29.0	29.9
	Uganda	15.6	18.8	20.2	19.6	18.5	18.4
	Zambia	20.1	22.3	21.8	22.4	18.0	17.0
	Zimbabwe	36.5	37.2	58.7	43.8	86.3	104.7
Sub-Saharan Africa		37.9	39.0	42.3	43.1	44.2	45.4
	Excluding Nigeria and South Africa	24.4	28.1	28.0	26.5	26.3	26.9
CFA franc zone		18.2	21.6	21.1	20.9	20.2	20.1
	WAEMU	22.0	26.1	25.7	26.3	26.2	26.1
	CEMAC	13.2	15.9	15.3	14.7	14.1	14.6
SADC		49.2	48.0	54.2	55.4	59.0	60.8
COMESA		30.4	33.4	35.0	31.9	31.2	31.8
Resource intensive countries		19.5	24.6	22.7	21.5	19.4	19.3
	Oil	18.6	24.7	22.0	20.3	18.1	18.2
	Non-oil	23.5	24.2	26.4	28.0	27.3	26.0
Non-resource intensive countries		45.6	45.8	51.9	53.7	58.0	60.9
	Coastal	50.9	52.4	56.3	58.7	63.2	66.1
	Landlocked	23.1	29.1	31.4	25.8	28.8	34.1
MDRI		20.4	23.9	25.2	25.1	24.7	24.7
HIPC Initiative (completion point countries)		20.4	23.9	25.2	25.1	24.7	24.7
Fixed exchange rate regime		23.2	28.2	27.8	24.9	25.7	28.4
Floating exchange rate regime		42.0	43.3	46.7	48.0	49.0	49.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA13.

Broad Money Growth

(Percent)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA13.

Broad Money Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		32.0	35.2	15.4	17.2	23.3	22.4
	Angola	270.9	158.1	67.5	49.8	59.7	42.9
	Cameroon	13.6	29.5	–0.9	7.3	4.2	11.0
	Chad	3.5	27.5	–3.1	3.3	19.7	42.9
	Congo, Rep. of	10.5	13.1	–2.4	17.4	34.5	9.1
	Côte d’Ivoire	6.0	30.8	–26.6	9.5	7.4	5.3
	Equatorial Guinea	33.0	53.1	56.7	33.5	34.7	32.4
	Gabon	7.8	7.3	–0.3	8.2	30.4	26.6
	Nigeria	29.3	21.6	24.1	14.0	16.5	17.0
Oil-importing countries		17.0	29.9	22.1	15.8	19.5	20.9
	Benin	16.7	–3.8	6.6	–6.7	21.7	7.3
	Botswana	25.4	–1.1	15.5	16.0	9.6	12.9
	Burkina Faso	5.6	2.9	54.0	–7.2	–3.7	8.9
	Burundi	13.5	27.0	23.3	16.7	26.5	35.2
	Cape Verde	10.9	14.3	8.6	10.5	15.5	13.6
	Central African Republic	–2.3	–4.3	–8.0	14.2	16.5	3.4
	Comoros	11.9	9.1	–1.1	–6.3	3.1	–1.1
	Congo, Dem. Rep. of	264.6	30.2	48.3	60.0	25.9	14.9
	Eritrea	28.2	20.1	12.9	11.4	11.9	15.2
	Ethiopia	9.1	8.1	10.9	14.7	19.6	18.9
	Gambia, The	19.9	35.3	43.4	18.3	13.1	13.0
	Ghana	35.1	50.5	38.1	25.9	14.1	18.3
	Guinea	14.1	19.2	35.3	37.0	37.2	22.5
	Guinea-Bissau	36.8	24.2	–65.3	44.0	19.9	8.2
	Kenya	5.4	10.0	11.5	13.4	9.1	11.2
	Lesotho	10.3	2.7	5.3	6.2	4.7	4.5
	Liberia	n.a.	36.8	8.3	49.3	35.7	26.1
	Madagascar	12.3	39.9	8.2	23.8	3.1	15.6
	Malawi	27.8	47.6	29.3	29.8	14.3	20.0
	Mali	9.1	28.4	25.5	–2.4	9.5	2.0
	Mauritius	12.0	13.0	11.7	14.4	13.1	8.1
	Mozambique	29.4	21.5	18.7	5.9	27.1	10.7
	Namibia	10.8	24.3	9.6	16.2	14.0	14.4
	Niger	7.9	–0.4	42.2	20.3	6.5	5.1
	Rwanda	14.7	11.4	15.2	12.1	17.2	10.7
	São Tomé and Príncipe	36.3	26.9	41.8	7.4	45.9	19.6
	Senegal	10.9	7.6	31.5	12.9	7.4	6.8
	Seychelles	16.4	11.1	5.3	1.1	–3.1	4.9
	Sierra Leone	28.5	30.1	26.2	18.9	32.8	6.4
	South Africa	13.0	18.1	12.9	13.1	19.9	16.7
	Swaziland	10.4	13.1	14.1	10.4	10.5	24.3
	Tanzania	10.1	21.3	16.9	19.1	27.5	24.1
	Togo	4.4	–2.1	11.4	18.3	1.4	11.0
	Uganda	19.0	10.2	23.3	9.0	8.7	12.4
	Zambia	32.1	31.5	23.4	30.2	0.4	14.6
	Zimbabwe	48.3	164.8	413.5	222.6	522.4	1,415.9
Sub-Saharan Africa		20.5	31.3	20.2	16.2	20.6	21.4
	Excluding Nigeria and South Africa	25.4	42.9	25.8	20.0	22.7	27.0
CFA franc zone		9.3	18.4	3.7	8.6	13.1	13.3
	WAEMU	8.1	15.4	4.4	6.2	7.2	6.1
	CEMAC	10.8	22.4	2.9	11.3	19.4	20.5
SADC		23.6	40.8	24.9	18.7	25.2	26.1
COMESA		40.9	67.5	48.3	31.7	32.1	41.1
Resource intensive countries		29.9	31.9	16.0	18.0	21.7	21.2
	Oil	32.0	35.2	15.4	17.2	23.3	22.4
	Non-oil	20.4	15.6	19.4	22.0	12.0	14.5
Non-resource intensive countries		16.8	31.0	22.4	15.3	20.0	21.5
	Coastal	13.1	18.2	14.0	13.5	18.5	15.8
	Landlocked	34.0	69.8	69.4	26.6	29.1	55.9
MDRI		15.4	20.3	18.7	11.9	11.6	13.3
HIPC Initiative (completion point countries)		15.4	20.3	18.7	11.9	11.6	13.3
Fixed exchange rate regime		15.0	50.9	25.4	14.9	20.1	32.9
Floating exchange rate regime		22.1	24.2	18.7	16.6	20.8	18.6

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA13.

Broad Money Growth

(Percent)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		32.0	35.2	15.4	17.2	23.3	22.4
	Angola	270.9	158.1	67.5	49.8	59.7	42.9
	Cameroon	13.6	29.5	–0.9	7.3	4.2	11.0
	Chad	3.5	27.5	–3.1	3.3	19.7	42.9
	Congo, Rep. of	10.5	13.1	–2.4	17.4	34.5	9.1
	Côte d’Ivoire	6.0	30.8	–26.6	9.5	7.4	5.3
	Equatorial Guinea	33.0	53.1	56.7	33.5	34.7	32.4
	Gabon	7.8	7.3	–0.3	8.2	30.4	26.6
	Nigeria	29.3	21.6	24.1	14.0	16.5	17.0
Oil-importing countries		17.0	29.9	22.1	15.8	19.5	20.9
	Benin	16.7	–3.8	6.6	–6.7	21.7	7.3
	Botswana	25.4	–1.1	15.5	16.0	9.6	12.9
	Burkina Faso	5.6	2.9	54.0	–7.2	–3.7	8.9
	Burundi	13.5	27.0	23.3	16.7	26.5	35.2
	Cape Verde	10.9	14.3	8.6	10.5	15.5	13.6
	Central African Republic	–2.3	–4.3	–8.0	14.2	16.5	3.4
	Comoros	11.9	9.1	–1.1	–6.3	3.1	–1.1
	Congo, Dem. Rep. of	264.6	30.2	48.3	60.0	25.9	14.9
	Eritrea	28.2	20.1	12.9	11.4	11.9	15.2
	Ethiopia	9.1	8.1	10.9	14.7	19.6	18.9
	Gambia, The	19.9	35.3	43.4	18.3	13.1	13.0
	Ghana	35.1	50.5	38.1	25.9	14.1	18.3
	Guinea	14.1	19.2	35.3	37.0	37.2	22.5
	Guinea-Bissau	36.8	24.2	–65.3	44.0	19.9	8.2
	Kenya	5.4	10.0	11.5	13.4	9.1	11.2
	Lesotho	10.3	2.7	5.3	6.2	4.7	4.5
	Liberia	n.a.	36.8	8.3	49.3	35.7	26.1
	Madagascar	12.3	39.9	8.2	23.8	3.1	15.6
	Malawi	27.8	47.6	29.3	29.8	14.3	20.0
	Mali	9.1	28.4	25.5	–2.4	9.5	2.0
	Mauritius	12.0	13.0	11.7	14.4	13.1	8.1
	Mozambique	29.4	21.5	18.7	5.9	27.1	10.7
	Namibia	10.8	24.3	9.6	16.2	14.0	14.4
	Niger	7.9	–0.4	42.2	20.3	6.5	5.1
	Rwanda	14.7	11.4	15.2	12.1	17.2	10.7
	São Tomé and Príncipe	36.3	26.9	41.8	7.4	45.9	19.6
	Senegal	10.9	7.6	31.5	12.9	7.4	6.8
	Seychelles	16.4	11.1	5.3	1.1	–3.1	4.9
	Sierra Leone	28.5	30.1	26.2	18.9	32.8	6.4
	South Africa	13.0	18.1	12.9	13.1	19.9	16.7
	Swaziland	10.4	13.1	14.1	10.4	10.5	24.3
	Tanzania	10.1	21.3	16.9	19.1	27.5	24.1
	Togo	4.4	–2.1	11.4	18.3	1.4	11.0
	Uganda	19.0	10.2	23.3	9.0	8.7	12.4
	Zambia	32.1	31.5	23.4	30.2	0.4	14.6
	Zimbabwe	48.3	164.8	413.5	222.6	522.4	1,415.9
Sub-Saharan Africa		20.5	31.3	20.2	16.2	20.6	21.4
	Excluding Nigeria and South Africa	25.4	42.9	25.8	20.0	22.7	27.0
CFA franc zone		9.3	18.4	3.7	8.6	13.1	13.3
	WAEMU	8.1	15.4	4.4	6.2	7.2	6.1
	CEMAC	10.8	22.4	2.9	11.3	19.4	20.5
SADC		23.6	40.8	24.9	18.7	25.2	26.1
COMESA		40.9	67.5	48.3	31.7	32.1	41.1
Resource intensive countries		29.9	31.9	16.0	18.0	21.7	21.2
	Oil	32.0	35.2	15.4	17.2	23.3	22.4
	Non-oil	20.4	15.6	19.4	22.0	12.0	14.5
Non-resource intensive countries		16.8	31.0	22.4	15.3	20.0	21.5
	Coastal	13.1	18.2	14.0	13.5	18.5	15.8
	Landlocked	34.0	69.8	69.4	26.6	29.1	55.9
MDRI		15.4	20.3	18.7	11.9	11.6	13.3
HIPC Initiative (completion point countries)		15.4	20.3	18.7	11.9	11.6	13.3
Fixed exchange rate regime		15.0	50.9	25.4	14.9	20.1	32.9
Floating exchange rate regime		22.1	24.2	18.7	16.6	20.8	18.6

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA14.

Claims on Nonfinancial Private Sector

(Percent of broad money)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA14.

Claims on Nonfinancial Private Sector

(Percent of broad money)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		60.7	52.2	55.7	56.8	58.3	56.0
	Angola	20.8	22.9	32.2	35.2	34.7	30.3
	Cameroon	61.3	55.4	61.0	56.9	59.7	56.8
	Chad	51.9	42.0	53.8	49.3	48.4	37.2
	Congo, Rep. of	59.9	21.6	27.1	24.3	19.5	19.3
	Côte d’Ivoire	70.6	50.5	61.8	60.6	57.2	58.4
	Equatorial Guinea	56.0	48.8	29.7	27.8	31.6	38.6
	Gabon	80.5	83.1	75.5	63.3	54.2	46.0
	Nigeria	63.5	58.3	59.7	66.1	73.5	75.3
Oil-importing countries		87.8	75.1	81.2	84.0	85.1	80.7
	Benin	31.7	39.4	49.2	55.0	54.3	56.6
	Botswana	55.9	69.6	65.6	66.3	64.9	64.8
	Burkina Faso	50.5	68.7	50.7	61.2	79.1	78.9
	Burundi	90.9	110.7	94.2	84.7	61.0	70.3
	Cape Verde	52.3	48.0	50.9	50.3	47.5	47.6
	Central African Republic	35.0	47.1	51.2	50.0	42.1	43.9
	Comoros	44.4	32.3	36.1	35.0	33.5	30.8
	Congo, Dem. Rep. of	13.4	20.3	16.1	19.3	24.0	21.7
	Eritrea	36.9	25.1	26.6	28.4	29.8	30.1
	Ethiopia	50.9	42.7	35.5	34.5	45.7	52.0
	Gambia, The	36.3	39.0	35.6	26.8	28.0	27.0
	Ghana	53.7	48.1	48.9	49.2	58.9	60.2
	Guinea	49.7	41.7	41.4	32.5	34.8	31.2
	Guinea-Bissau	21.9	4.8	8.8	5.2	6.4	10.3
	Kenya	72.9	61.3	58.9	64.6	65.4	64.0
	Lesotho	57.2	23.3	25.7	26.3	32.6	37.3
	Liberia	n.a.	77.0	63.6	56.7	47.1	34.9
	Madagascar	43.5	36.1	35.4	39.5	46.4	49.9
	Malawi	35.4	26.6	26.9	29.4	30.7	28.4
	Mali	69.5	65.7	61.4	65.1	74.8	95.9
	Mauritius	73.2	73.8	69.9	67.4	65.8	66.1
	Mozambique	69.5	53.5	44.4	39.5	48.8	59.5
	Namibia	98.7	121.3	123.6	128.2	131.2	133.4
	Niger	53.0	55.6	42.8	43.3	48.8	51.1
	Rwanda	55.4	60.7	60.5	59.5	60.3	62.9
	São Tomé and Príncipe	19.4	21.4	29.6	59.6	58.4	59.3
	Senegal	71.5	70.5	61.3	59.3	68.7	70.1
	Seychelles	19.2	19.4	26.0	31.6	37.4	39.9
	Sierra Leone	16.0	15.2	20.3	24.5	21.7	25.2
	South Africa	110.8	98.3	103.7	104.4	104.1	97.2
	Swaziland	58.0	65.1	75.7	89.3	95.0	86.4
	Tanzania	30.9	36.1	42.2	52.0	51.5	54.8
	Togo	64.9	53.2	62.2	54.9	60.6	59.3
	Uganda	137.6	34.8	36.1	39.6	41.2	45.8
	Zambia	51.4	43.0	33.7	38.4	45.7	45.6
	Zimbabwe	87.2	71.7	84.8	63.9	31.3	24.4
Sub-Saharan Africa		79.4	68.8	74.2	76.4	76.8	72.8
	Excluding Nigeria and South Africa	58.2	53.7	52.9	52.0	52.5	51.2
CFA franc zone		62.2	56.0	56.8	54.4	55.1	54.8
	WAEMU	63.6	56.9	57.5	58.6	63.0	66.8
	CEMAC	63.0	54.8	55.9	49.7	47.1	43.6
SADC		93.5	79.7	88.5	90.0	88.1	80.3
COMESA		63.6	54.6	52.0	51.1	50.3	47.4
Resource intensive countries		60.7	54.2	57.2	58.4	59.8	57.4
	Oil	60.7	52.2	55.7	56.8	58.3	56.0
	Non-oil	60.8	64.8	65.0	67.2	69.0	66.2
Non-resource intensive countries		89.8	75.8	82.5	85.3	86.3	81.9
	Coastal	95.9	83.1	89.4	92.2	92.8	87.9
	Landlocked	63.2	57.5	50.6	46.3	49.4	51.0
MDRI		59.3	48.8	47.7	49.5	55.5	58.3
HIPC Initiative (completion point countries)		59.3	48.8	47.7	49.5	55.5	58.3
Fixed exchange rate regime		64.9	63.3	63.4	60.0	59.3	57.8
Floating exchange rate regime		85.8	71.1	77.4	80.9	81.4	76.7

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA14.

Claims on Nonfinancial Private Sector

(Percent of broad money)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		60.7	52.2	55.7	56.8	58.3	56.0
	Angola	20.8	22.9	32.2	35.2	34.7	30.3
	Cameroon	61.3	55.4	61.0	56.9	59.7	56.8
	Chad	51.9	42.0	53.8	49.3	48.4	37.2
	Congo, Rep. of	59.9	21.6	27.1	24.3	19.5	19.3
	Côte d’Ivoire	70.6	50.5	61.8	60.6	57.2	58.4
	Equatorial Guinea	56.0	48.8	29.7	27.8	31.6	38.6
	Gabon	80.5	83.1	75.5	63.3	54.2	46.0
	Nigeria	63.5	58.3	59.7	66.1	73.5	75.3
Oil-importing countries		87.8	75.1	81.2	84.0	85.1	80.7
	Benin	31.7	39.4	49.2	55.0	54.3	56.6
	Botswana	55.9	69.6	65.6	66.3	64.9	64.8
	Burkina Faso	50.5	68.7	50.7	61.2	79.1	78.9
	Burundi	90.9	110.7	94.2	84.7	61.0	70.3
	Cape Verde	52.3	48.0	50.9	50.3	47.5	47.6
	Central African Republic	35.0	47.1	51.2	50.0	42.1	43.9
	Comoros	44.4	32.3	36.1	35.0	33.5	30.8
	Congo, Dem. Rep. of	13.4	20.3	16.1	19.3	24.0	21.7
	Eritrea	36.9	25.1	26.6	28.4	29.8	30.1
	Ethiopia	50.9	42.7	35.5	34.5	45.7	52.0
	Gambia, The	36.3	39.0	35.6	26.8	28.0	27.0
	Ghana	53.7	48.1	48.9	49.2	58.9	60.2
	Guinea	49.7	41.7	41.4	32.5	34.8	31.2
	Guinea-Bissau	21.9	4.8	8.8	5.2	6.4	10.3
	Kenya	72.9	61.3	58.9	64.6	65.4	64.0
	Lesotho	57.2	23.3	25.7	26.3	32.6	37.3
	Liberia	n.a.	77.0	63.6	56.7	47.1	34.9
	Madagascar	43.5	36.1	35.4	39.5	46.4	49.9
	Malawi	35.4	26.6	26.9	29.4	30.7	28.4
	Mali	69.5	65.7	61.4	65.1	74.8	95.9
	Mauritius	73.2	73.8	69.9	67.4	65.8	66.1
	Mozambique	69.5	53.5	44.4	39.5	48.8	59.5
	Namibia	98.7	121.3	123.6	128.2	131.2	133.4
	Niger	53.0	55.6	42.8	43.3	48.8	51.1
	Rwanda	55.4	60.7	60.5	59.5	60.3	62.9
	São Tomé and Príncipe	19.4	21.4	29.6	59.6	58.4	59.3
	Senegal	71.5	70.5	61.3	59.3	68.7	70.1
	Seychelles	19.2	19.4	26.0	31.6	37.4	39.9
	Sierra Leone	16.0	15.2	20.3	24.5	21.7	25.2
	South Africa	110.8	98.3	103.7	104.4	104.1	97.2
	Swaziland	58.0	65.1	75.7	89.3	95.0	86.4
	Tanzania	30.9	36.1	42.2	52.0	51.5	54.8
	Togo	64.9	53.2	62.2	54.9	60.6	59.3
	Uganda	137.6	34.8	36.1	39.6	41.2	45.8
	Zambia	51.4	43.0	33.7	38.4	45.7	45.6
	Zimbabwe	87.2	71.7	84.8	63.9	31.3	24.4
Sub-Saharan Africa		79.4	68.8	74.2	76.4	76.8	72.8
	Excluding Nigeria and South Africa	58.2	53.7	52.9	52.0	52.5	51.2
CFA franc zone		62.2	56.0	56.8	54.4	55.1	54.8
	WAEMU	63.6	56.9	57.5	58.6	63.0	66.8
	CEMAC	63.0	54.8	55.9	49.7	47.1	43.6
SADC		93.5	79.7	88.5	90.0	88.1	80.3
COMESA		63.6	54.6	52.0	51.1	50.3	47.4
Resource intensive countries		60.7	54.2	57.2	58.4	59.8	57.4
	Oil	60.7	52.2	55.7	56.8	58.3	56.0
	Non-oil	60.8	64.8	65.0	67.2	69.0	66.2
Non-resource intensive countries		89.8	75.8	82.5	85.3	86.3	81.9
	Coastal	95.9	83.1	89.4	92.2	92.8	87.9
	Landlocked	63.2	57.5	50.6	46.3	49.4	51.0
MDRI		59.3	48.8	47.7	49.5	55.5	58.3
HIPC Initiative (completion point countries)		59.3	48.8	47.7	49.5	55.5	58.3
Fixed exchange rate regime		64.9	63.3	63.4	60.0	59.3	57.8
Floating exchange rate regime		85.8	71.1	77.4	80.9	81.4	76.7

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA15.

Exports of Goods and Services

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA15.

Exports of Goods and Services

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		45.7	46.6	50.5	56.7	62.7	67.4
	Angola	75.2	73.5	69.6	69.7	72.6	74.2
	Cameroon	24.6	25.0	23.5	23.1	24.8	27.2
	Chad	17.4	12.7	24.8	51.0	54.8	57.8
	Congo, Rep. of	76.4	81.5	79.3	84.5	87.1	92.1
	Côte d’Ivoire	40.7	50.0	45.8	48.6	49.7	56.0
	Equatorial Guinea	100.0	102.8	100.3	100.6	101.9	97.6
	Gabon	59.3	53.3	55.2	60.3	63.4	74.3
	Nigeria	43.1	40.1	49.8	57.8	64.5	69.1
Oil-importing countries		26.5	27.0	27.4	28.1	28.3	29.0
	Benin	15.1	13.5	13.7	14.2	12.7	11.7
	Botswana	50.1	47.8	44.2	45.7	52.8	51.3
	Burkina Faso	9.8	9.0	8.7	10.8	9.9	10.7
	Burundi	8.0	6.2	8.4	9.6	11.4	11.9
	Cape Verde	25.6	31.2	31.3	31.9	36.2	35.0
	Central African Republic	19.9	15.4	11.8	11.8	12.0	12.1
	Comoros	15.1	15.7	15.8	12.7	12.5	10.5
	Congo, Dem. Rep. of	22.2	21.2	26.1	30.3	31.6	31.4
	Eritrea	15.2	13.5	9.6	10.1	6.5	6.4
	Ethiopia	12.5	13.4	14.4	15.4	16.4	15.6
	Gambia, The	45.1	46.1	47.3	50.4	51.7	51.5
	Ghana	38.5	42.0	40.7	39.3	36.2	39.4
	Guinea	22.5	24.5	22.2	20.7	26.1	30.6
	Guinea-Bissau	24.1	29.8	30.0	30.9	37.6	39.1
	Kenya	21.8	24.7	23.7	26.5	27.3	23.9
	Lesotho	30.9	54.2	48.2	52.6	44.9	38.3
	Liberia	n.a.	38.4	33.9	29.6	27.2	28.8
	Madagascar	25.5	16.0	23.1	32.7	26.7	24.6
	Malawi	27.2	24.3	27.2	26.8	27.3	28.5
	Mali	24.3	31.9	26.0	24.6	25.6	29.9
	Mauritius	60.4	63.2	58.4	55.4	57.0	60.8
	Mozambique	17.9	29.0	28.2	30.9	33.3	40.1
	Namibia	45.4	43.3	37.3	39.7	35.1	38.4
	Niger	17.1	15.2	15.7	18.3	18.2	18.1
	Rwanda	7.4	7.7	8.3	10.3	10.7	10.5
	São Tomé and Príncipe	32.4	34.6	35.0	31.4	29.9	30.7
	Senegal	28.2	28.5	26.8	27.4	26.2	26.6
	Seychelles	71.1	77.7	95.5	97.7	110.0	124.7
	Sierra Leone	15.4	16.4	19.9	22.3	23.5	27.6
	South Africa	26.7	32.7	27.9	26.6	27.1	28.4
	Swaziland	79.7	94.9	86.1	100.4	95.5	97.8
	Tanzania	14.4	15.3	16.7	20.4	22.2	24.2
	Togo	30.2	34.9	40.1	37.0	36.3	39.1
	Uganda	11.8	12.1	12.3	14.3	13.0	12.9
	Zambia	29.0	28.6	29.1	37.5	33.9	30.2
	Zimbabwe	33.5	6.5	17.6	42.6	42.8	26.1
Sub-Saharan Africa		31.2	32.4	33.7	36.0	38.9	41.3
	Excluding Nigeria and South Africa	32.1	30.1	34.0	38.7	41.5	43.7
CFA franc zone		34.5	37.5	36.1	40.0	43.3	47.7
	WAEMU	29.3	33.0	30.2	31.4	31.1	34.0
	CEMAC	41.4	43.3	43.4	49.7	55.5	60.4
SADC		30.4	31.5	31.5	32.2	34.1	36.2
COMESA		32.2	25.8	33.5	40.2	42.7	43.1
Resource intensive countries		44.3	45.0	48.0	53.7	59.5	63.3
	Oil	45.7	46.6	50.5	56.7	62.7	67.4
	Non-oil	37.5	36.6	35.0	37.9	39.6	38.4
Non-resource intensive countries		25.7	26.3	26.8	27.3	27.5	28.2
	Coastal	26.8	31.4	28.2	27.6	28.0	29.1
	Landlocked	21.0	13.6	20.4	25.5	24.5	23.4
MDRI		20.4	21.4	21.7	23.6	23.4	24.6
HIPC Initiative (completion point countries)		20.4	21.4	21.7	23.6	23.4	24.6
Fixed exchange rate regime		36.9	29.6	36.3	42.3	45.0	47.3
Floating exchange rate regime		29.7	33.5	33.0	34.3	37.3	39.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA15.

Exports of Goods and Services

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		45.7	46.6	50.5	56.7	62.7	67.4
	Angola	75.2	73.5	69.6	69.7	72.6	74.2
	Cameroon	24.6	25.0	23.5	23.1	24.8	27.2
	Chad	17.4	12.7	24.8	51.0	54.8	57.8
	Congo, Rep. of	76.4	81.5	79.3	84.5	87.1	92.1
	Côte d’Ivoire	40.7	50.0	45.8	48.6	49.7	56.0
	Equatorial Guinea	100.0	102.8	100.3	100.6	101.9	97.6
	Gabon	59.3	53.3	55.2	60.3	63.4	74.3
	Nigeria	43.1	40.1	49.8	57.8	64.5	69.1
Oil-importing countries		26.5	27.0	27.4	28.1	28.3	29.0
	Benin	15.1	13.5	13.7	14.2	12.7	11.7
	Botswana	50.1	47.8	44.2	45.7	52.8	51.3
	Burkina Faso	9.8	9.0	8.7	10.8	9.9	10.7
	Burundi	8.0	6.2	8.4	9.6	11.4	11.9
	Cape Verde	25.6	31.2	31.3	31.9	36.2	35.0
	Central African Republic	19.9	15.4	11.8	11.8	12.0	12.1
	Comoros	15.1	15.7	15.8	12.7	12.5	10.5
	Congo, Dem. Rep. of	22.2	21.2	26.1	30.3	31.6	31.4
	Eritrea	15.2	13.5	9.6	10.1	6.5	6.4
	Ethiopia	12.5	13.4	14.4	15.4	16.4	15.6
	Gambia, The	45.1	46.1	47.3	50.4	51.7	51.5
	Ghana	38.5	42.0	40.7	39.3	36.2	39.4
	Guinea	22.5	24.5	22.2	20.7	26.1	30.6
	Guinea-Bissau	24.1	29.8	30.0	30.9	37.6	39.1
	Kenya	21.8	24.7	23.7	26.5	27.3	23.9
	Lesotho	30.9	54.2	48.2	52.6	44.9	38.3
	Liberia	n.a.	38.4	33.9	29.6	27.2	28.8
	Madagascar	25.5	16.0	23.1	32.7	26.7	24.6
	Malawi	27.2	24.3	27.2	26.8	27.3	28.5
	Mali	24.3	31.9	26.0	24.6	25.6	29.9
	Mauritius	60.4	63.2	58.4	55.4	57.0	60.8
	Mozambique	17.9	29.0	28.2	30.9	33.3	40.1
	Namibia	45.4	43.3	37.3	39.7	35.1	38.4
	Niger	17.1	15.2	15.7	18.3	18.2	18.1
	Rwanda	7.4	7.7	8.3	10.3	10.7	10.5
	São Tomé and Príncipe	32.4	34.6	35.0	31.4	29.9	30.7
	Senegal	28.2	28.5	26.8	27.4	26.2	26.6
	Seychelles	71.1	77.7	95.5	97.7	110.0	124.7
	Sierra Leone	15.4	16.4	19.9	22.3	23.5	27.6
	South Africa	26.7	32.7	27.9	26.6	27.1	28.4
	Swaziland	79.7	94.9	86.1	100.4	95.5	97.8
	Tanzania	14.4	15.3	16.7	20.4	22.2	24.2
	Togo	30.2	34.9	40.1	37.0	36.3	39.1
	Uganda	11.8	12.1	12.3	14.3	13.0	12.9
	Zambia	29.0	28.6	29.1	37.5	33.9	30.2
	Zimbabwe	33.5	6.5	17.6	42.6	42.8	26.1
Sub-Saharan Africa		31.2	32.4	33.7	36.0	38.9	41.3
	Excluding Nigeria and South Africa	32.1	30.1	34.0	38.7	41.5	43.7
CFA franc zone		34.5	37.5	36.1	40.0	43.3	47.7
	WAEMU	29.3	33.0	30.2	31.4	31.1	34.0
	CEMAC	41.4	43.3	43.4	49.7	55.5	60.4
SADC		30.4	31.5	31.5	32.2	34.1	36.2
COMESA		32.2	25.8	33.5	40.2	42.7	43.1
Resource intensive countries		44.3	45.0	48.0	53.7	59.5	63.3
	Oil	45.7	46.6	50.5	56.7	62.7	67.4
	Non-oil	37.5	36.6	35.0	37.9	39.6	38.4
Non-resource intensive countries		25.7	26.3	26.8	27.3	27.5	28.2
	Coastal	26.8	31.4	28.2	27.6	28.0	29.1
	Landlocked	21.0	13.6	20.4	25.5	24.5	23.4
MDRI		20.4	21.4	21.7	23.6	23.4	24.6
HIPC Initiative (completion point countries)		20.4	21.4	21.7	23.6	23.4	24.6
Fixed exchange rate regime		36.9	29.6	36.3	42.3	45.0	47.3
Floating exchange rate regime		29.7	33.5	33.0	34.3	37.3	39.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA16.

Imports of Goods and Services

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA16.

Imports of Goods and Services

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		39.1	42.8	42.4	41.1	40.1	40.8
	Angola	74.1	62.2	63.1	53.7	48.0	46.8
	Cameroon	22.6	26.2	23.2	24.9	24.8	26.1
	Chad	35.4	113.7	59.0	50.8	39.6	38.1
	Congo, Rep. of	57.8	53.9	53.7	57.3	50.2	46.4
	Côte d’Ivoire	33.0	33.4	34.9	39.4	42.4	47.0
	Equatorial Guinea	117.2	53.9	81.6	60.0	48.5	39.3
	Gabon	37.9	34.2	31.0	31.5	26.7	29.5
	Nigeria	36.4	41.0	41.5	39.6	39.7	40.5
Oil-importing countries		29.1	29.0	30.1	32.3	33.6	35.0
	Benin	26.9	27.5	26.5	26.6	23.2	22.7
	Botswana	41.9	36.3	33.5	37.6	35.5	37.3
	Burkina Faso	24.7	22.3	21.5	23.0	23.1	24.0
	Burundi	17.5	22.3	27.7	33.9	45.3	49.1
	Cape Verde	59.8	67.5	67.4	69.5	65.8	67.0
	Central African Republic	24.8	20.6	17.5	18.5	18.7	19.0
	Comoros	35.0	30.8	31.8	32.6	34.7	35.1
	Congo, Dem. Rep. of	20.7	26.1	33.3	39.2	39.3	42.6
	Eritrea	74.0	74.5	100.7	88.1	59.9	58.1
	Ethiopia	22.9	28.3	29.5	32.6	39.1	38.0
	Gambia, The	53.0	54.4	56.5	68.0	69.9	69.9
	Ghana	56.3	57.9	56.6	60.4	61.8	65.8
	Guinea	26.3	28.4	24.6	24.8	29.6	34.0
	Guinea-Bissau	47.3	51.2	44.1	47.1	55.1	56.6
	Kenya	28.5	25.8	28.2	34.2	37.1	34.7
	Lesotho	97.2	112.5	98.1	97.8	90.9	92.0
	Liberia	n.a.	31.3	42.0	66.4	66.2	62.2
	Madagascar	32.4	22.6	32.1	47.7	40.7	38.3
	Malawi	38.4	45.8	49.7	51.2	52.1	51.6
	Mali	33.9	32.0	33.2	32.9	32.7	34.4
	Mauritius	62.7	58.7	57.4	54.9	61.3	66.2
	Mozambique	35.7	47.8	44.0	39.2	43.2	45.6
	Namibia	54.2	48.1	43.8	42.3	41.8	41.6
	Niger	24.9	24.1	25.0	29.1	29.0	30.6
	Rwanda	24.4	24.5	27.6	28.6	31.2	33.4
	São Tomé and Príncipe	88.1	85.1	90.1	88.6	89.3	123.1
	Senegal	35.6	39.0	39.0	40.2	42.0	43.5
	Seychelles	84.4	84.0	84.3	89.4	120.3	122.4
	Sierra Leone	27.2	35.9	41.3	37.9	41.7	44.1
	South Africa	24.3	29.1	26.0	27.3	28.6	31.1
	Swaziland	97.4	95.2	86.4	104.0	102.7	104.2
	Tanzania	25.1	22.6	23.5	26.2	30.4	35.2
	Togo	43.9	49.1	55.5	54.1	55.0	56.2
	Uganda	22.5	26.5	26.6	27.6	26.5	29.1
	Zambia	40.0	42.0	41.6	39.9	36.7	28.6
	Zimbabwe	33.8	7.2	20.7	51.3	53.6	26.2
Sub-Saharan Africa		31.5	32.8	33.5	34.8	35.6	36.9
	Excluding Nigeria and South Africa	36.7	32.9	37.6	40.6	40.9	40.7
CFA franc zone		33.4	36.3	35.0	36.3	35.2	36.0
	WAEMU	32.3	32.7	33.4	35.6	36.7	39.0
	CEMAC	34.9	40.8	36.9	37.0	33.8	33.2
SADC		30.2	30.1	31.1	32.6	33.7	35.5
COMESA		38.1	28.8	39.0	44.1	44.2	41.7
Resource intensive countries		39.3	42.1	41.4	40.5	39.7	40.0
	Oil	39.1	42.8	42.4	41.1	40.1	40.8
	Non-oil	40.2	38.4	36.2	37.3	36.9	35.1
Non-resource intensive countries		28.3	28.3	29.6	31.9	33.4	35.0
	Coastal	27.9	31.5	29.3	30.7	32.3	34.5
	Landlocked	29.8	20.2	31.2	38.8	39.5	37.8
MDRI		30.0	31.6	31.9	34.0	35.2	36.0
HIPC Initiative (completion point countries)		30.0	31.6	31.9	34.0	35.2	36.0
Fixed exchange rate regime		37.5	29.3	36.1	40.3	39.2	38.5
Floating exchange rate regime		29.8	34.2	32.7	33.2	34.7	36.5

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA16.

Imports of Goods and Services

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		39.1	42.8	42.4	41.1	40.1	40.8
	Angola	74.1	62.2	63.1	53.7	48.0	46.8
	Cameroon	22.6	26.2	23.2	24.9	24.8	26.1
	Chad	35.4	113.7	59.0	50.8	39.6	38.1
	Congo, Rep. of	57.8	53.9	53.7	57.3	50.2	46.4
	Côte d’Ivoire	33.0	33.4	34.9	39.4	42.4	47.0
	Equatorial Guinea	117.2	53.9	81.6	60.0	48.5	39.3
	Gabon	37.9	34.2	31.0	31.5	26.7	29.5
	Nigeria	36.4	41.0	41.5	39.6	39.7	40.5
Oil-importing countries		29.1	29.0	30.1	32.3	33.6	35.0
	Benin	26.9	27.5	26.5	26.6	23.2	22.7
	Botswana	41.9	36.3	33.5	37.6	35.5	37.3
	Burkina Faso	24.7	22.3	21.5	23.0	23.1	24.0
	Burundi	17.5	22.3	27.7	33.9	45.3	49.1
	Cape Verde	59.8	67.5	67.4	69.5	65.8	67.0
	Central African Republic	24.8	20.6	17.5	18.5	18.7	19.0
	Comoros	35.0	30.8	31.8	32.6	34.7	35.1
	Congo, Dem. Rep. of	20.7	26.1	33.3	39.2	39.3	42.6
	Eritrea	74.0	74.5	100.7	88.1	59.9	58.1
	Ethiopia	22.9	28.3	29.5	32.6	39.1	38.0
	Gambia, The	53.0	54.4	56.5	68.0	69.9	69.9
	Ghana	56.3	57.9	56.6	60.4	61.8	65.8
	Guinea	26.3	28.4	24.6	24.8	29.6	34.0
	Guinea-Bissau	47.3	51.2	44.1	47.1	55.1	56.6
	Kenya	28.5	25.8	28.2	34.2	37.1	34.7
	Lesotho	97.2	112.5	98.1	97.8	90.9	92.0
	Liberia	n.a.	31.3	42.0	66.4	66.2	62.2
	Madagascar	32.4	22.6	32.1	47.7	40.7	38.3
	Malawi	38.4	45.8	49.7	51.2	52.1	51.6
	Mali	33.9	32.0	33.2	32.9	32.7	34.4
	Mauritius	62.7	58.7	57.4	54.9	61.3	66.2
	Mozambique	35.7	47.8	44.0	39.2	43.2	45.6
	Namibia	54.2	48.1	43.8	42.3	41.8	41.6
	Niger	24.9	24.1	25.0	29.1	29.0	30.6
	Rwanda	24.4	24.5	27.6	28.6	31.2	33.4
	São Tomé and Príncipe	88.1	85.1	90.1	88.6	89.3	123.1
	Senegal	35.6	39.0	39.0	40.2	42.0	43.5
	Seychelles	84.4	84.0	84.3	89.4	120.3	122.4
	Sierra Leone	27.2	35.9	41.3	37.9	41.7	44.1
	South Africa	24.3	29.1	26.0	27.3	28.6	31.1
	Swaziland	97.4	95.2	86.4	104.0	102.7	104.2
	Tanzania	25.1	22.6	23.5	26.2	30.4	35.2
	Togo	43.9	49.1	55.5	54.1	55.0	56.2
	Uganda	22.5	26.5	26.6	27.6	26.5	29.1
	Zambia	40.0	42.0	41.6	39.9	36.7	28.6
	Zimbabwe	33.8	7.2	20.7	51.3	53.6	26.2
Sub-Saharan Africa		31.5	32.8	33.5	34.8	35.6	36.9
	Excluding Nigeria and South Africa	36.7	32.9	37.6	40.6	40.9	40.7
CFA franc zone		33.4	36.3	35.0	36.3	35.2	36.0
	WAEMU	32.3	32.7	33.4	35.6	36.7	39.0
	CEMAC	34.9	40.8	36.9	37.0	33.8	33.2
SADC		30.2	30.1	31.1	32.6	33.7	35.5
COMESA		38.1	28.8	39.0	44.1	44.2	41.7
Resource intensive countries		39.3	42.1	41.4	40.5	39.7	40.0
	Oil	39.1	42.8	42.4	41.1	40.1	40.8
	Non-oil	40.2	38.4	36.2	37.3	36.9	35.1
Non-resource intensive countries		28.3	28.3	29.6	31.9	33.4	35.0
	Coastal	27.9	31.5	29.3	30.7	32.3	34.5
	Landlocked	29.8	20.2	31.2	38.8	39.5	37.8
MDRI		30.0	31.6	31.9	34.0	35.2	36.0
HIPC Initiative (completion point countries)		30.0	31.6	31.9	34.0	35.2	36.0
Fixed exchange rate regime		37.5	29.3	36.1	40.3	39.2	38.5
Floating exchange rate regime		29.8	34.2	32.7	33.2	34.7	36.5

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA17.

Trade Balance

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA17.

Trade Balance

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		18.3	15.8	19.4	27.3	33.7	37.4
	Angola	35.9	38.7	28.9	38.6	44.9	46.9
	Cameroon	4.3	0.7	1.7	–0.1	1.5	3.2
	Chad	–5.5	–70.6	–6.5	29.1	38.9	43.6
	Congo, Rep. of	46.6	52.0	50.2	53.4	60.6	67.2
	Côte d’Ivoire	14.1	24.1	18.5	16.6	14.3	16.6
	Equatorial Guinea	35.5	77.2	53.6	66.4	73.9	74.9
	Gabon	35.1	32.7	35.2	41.1	46.3	55.8
	Nigeria	15.8	8.6	17.5	26.9	32.6	34.9
Oil-importing countries		–1.4	–1.1	–2.1	–3.6	–4.6	–5.1
	Benin	–10.0	–12.2	–11.3	–11.1	–9.9	–10.3
	Botswana	11.8	11.9	10.8	8.5	17.3	14.4
	Burkina Faso	–10.9	–10.2	–8.5	–7.7	–9.1	–9.1
	Burundi	–6.3	–12.1	–15.3	–15.2	–22.7	–25.6
	Cape Verde	–35.2	–38.0	–37.8	–41.0	–35.5	–37.9
	Central African Republic	2.3	2.0	0.6	–1.1	–1.7	–2.1
	Comoros	–15.9	–12.5	–12.4	–17.1	–20.8	–22.2
	Congo, Dem. Rep. of	6.9	–0.3	–2.8	–3.7	–2.8	–4.9
	Eritrea	–56.2	–51.6	–80.5	–70.7	–48.6	–47.3
	Ethiopia	–12.1	–16.9	–17.3	–20.4	–25.2	–25.4
	Gambia, The	–15.6	–16.9	–17.0	–27.0	–27.3	–27.2
	Ghana	–16.0	–14.2	–13.9	–17.1	–23.8	–23.8
	Guinea	2.9	3.5	4.2	0.8	2.3	2.7
	Guinea-Bissau	–9.9	–8.3	–3.6	–2.7	–6.0	–5.8
	Kenya	–8.3	–4.6	–7.7	–11.5	–13.8	–14.5
	Lesotho	–65.3	–55.4	–46.4	–42.6	–43.3	–51.3
	Liberia	n.a.	6.0	–4.6	–28.7	–30.1	–24.6
	Madagascar	–3.2	–2.6	–3.5	–10.2	–11.7	–10.5
	Malawi	–3.7	–15.8	–19.9	–22.3	–22.8	–20.9
	Mali	–0.4	5.7	–1.3	–2.4	–2.3	0.9
	Mauritius	–8.3	–4.4	–5.8	–6.3	–11.2	–13.7
	Mozambique	–16.7	–17.9	–14.5	–9.0	–11.1	–8.3
	Namibia	–5.7	–6.6	–10.3	–5.0	–9.4	–6.1
	Niger	–2.4	–4.2	–4.9	–5.1	–4.6	–5.8
	Rwanda	–9.3	–9.7	–10.7	–9.7	–11.7	–14.5
	São Tomé and Príncipe	–39.2	–43.5	–45.6	–50.3	–54.4	–76.6
	Senegal	–7.1	–10.1	–11.9	–12.4	–15.4	–16.6
	Seychelles	–31.5	–20.0	–13.0	–16.6	–37.5	–29.0
	Sierra Leone	–4.8	–15.0	–15.0	–7.2	–10.5	–9.5
	South Africa	2.8	4.3	2.1	–0.1	–0.8	–1.6
	Swaziland	–8.2	7.6	2.2	–1.4	–3.7	–2.9
	Tanzania	–8.0	–7.1	–6.3	–7.6	–9.0	–12.2
	Togo	–9.3	–10.3	–9.1	–12.5	–14.3	–12.8
	Uganda	–6.8	–9.0	–10.0	–9.9	–9.6	–12.0
	Zambia	–5.0	–6.9	–7.0	1.5	0.4	5.3
	Zimbabwe	1.3	–0.1	–1.0	–6.5	–8.3	0.8
Sub-Saharan Africa		3.5	3.5	3.8	5.0	7.2	8.5
	Excluding Nigeria and South Africa	0.8	1.7	1.2	3.3	6.2	9.0
CFA franc zone		8.6	9.2	9.0	12.3	16.1	20.1
	WAEMU	1.8	4.9	1.6	0.5	–1.1	–0.3
	CEMAC	17.5	14.6	18.3	25.6	33.5	39.1
SADC		2.4	3.6	2.0	1.6	2.8	3.9
COMESA		–0.9	0.6	–1.6	0.7	4.1	7.6
Resource intensive countries		15.5	13.5	16.4	23.3	29.7	32.9
	Oil	18.3	15.8	19.4	27.3	33.7	37.4
	Non-oil	2.1	1.1	0.5	2.2	4.0	5.0
Non-resource intensive countries		–1.6	–1.3	–2.3	–4.0	–5.3	–6.0
	Coastal	–0.8	0.0	–1.0	–2.9	–4.1	–5.0
	Landlocked	–5.2	–4.4	–7.8	–10.4	–11.9	–11.4
MDRI		–7.0	–8.0	–7.9	–8.6	–10.3	–9.6
HIPC Initiative (completion point countries)		–7.0	–8.0	–7.9	–8.6	–10.3	–9.6
Fixed exchange rate regime		5.2	4.8	5.8	8.4	12.0	15.1
Floating exchange rate regime		3.1	3.0	3.3	4.1	5.9	6.9

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA17.

Trade Balance

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		18.3	15.8	19.4	27.3	33.7	37.4
	Angola	35.9	38.7	28.9	38.6	44.9	46.9
	Cameroon	4.3	0.7	1.7	–0.1	1.5	3.2
	Chad	–5.5	–70.6	–6.5	29.1	38.9	43.6
	Congo, Rep. of	46.6	52.0	50.2	53.4	60.6	67.2
	Côte d’Ivoire	14.1	24.1	18.5	16.6	14.3	16.6
	Equatorial Guinea	35.5	77.2	53.6	66.4	73.9	74.9
	Gabon	35.1	32.7	35.2	41.1	46.3	55.8
	Nigeria	15.8	8.6	17.5	26.9	32.6	34.9
Oil-importing countries		–1.4	–1.1	–2.1	–3.6	–4.6	–5.1
	Benin	–10.0	–12.2	–11.3	–11.1	–9.9	–10.3
	Botswana	11.8	11.9	10.8	8.5	17.3	14.4
	Burkina Faso	–10.9	–10.2	–8.5	–7.7	–9.1	–9.1
	Burundi	–6.3	–12.1	–15.3	–15.2	–22.7	–25.6
	Cape Verde	–35.2	–38.0	–37.8	–41.0	–35.5	–37.9
	Central African Republic	2.3	2.0	0.6	–1.1	–1.7	–2.1
	Comoros	–15.9	–12.5	–12.4	–17.1	–20.8	–22.2
	Congo, Dem. Rep. of	6.9	–0.3	–2.8	–3.7	–2.8	–4.9
	Eritrea	–56.2	–51.6	–80.5	–70.7	–48.6	–47.3
	Ethiopia	–12.1	–16.9	–17.3	–20.4	–25.2	–25.4
	Gambia, The	–15.6	–16.9	–17.0	–27.0	–27.3	–27.2
	Ghana	–16.0	–14.2	–13.9	–17.1	–23.8	–23.8
	Guinea	2.9	3.5	4.2	0.8	2.3	2.7
	Guinea-Bissau	–9.9	–8.3	–3.6	–2.7	–6.0	–5.8
	Kenya	–8.3	–4.6	–7.7	–11.5	–13.8	–14.5
	Lesotho	–65.3	–55.4	–46.4	–42.6	–43.3	–51.3
	Liberia	n.a.	6.0	–4.6	–28.7	–30.1	–24.6
	Madagascar	–3.2	–2.6	–3.5	–10.2	–11.7	–10.5
	Malawi	–3.7	–15.8	–19.9	–22.3	–22.8	–20.9
	Mali	–0.4	5.7	–1.3	–2.4	–2.3	0.9
	Mauritius	–8.3	–4.4	–5.8	–6.3	–11.2	–13.7
	Mozambique	–16.7	–17.9	–14.5	–9.0	–11.1	–8.3
	Namibia	–5.7	–6.6	–10.3	–5.0	–9.4	–6.1
	Niger	–2.4	–4.2	–4.9	–5.1	–4.6	–5.8
	Rwanda	–9.3	–9.7	–10.7	–9.7	–11.7	–14.5
	São Tomé and Príncipe	–39.2	–43.5	–45.6	–50.3	–54.4	–76.6
	Senegal	–7.1	–10.1	–11.9	–12.4	–15.4	–16.6
	Seychelles	–31.5	–20.0	–13.0	–16.6	–37.5	–29.0
	Sierra Leone	–4.8	–15.0	–15.0	–7.2	–10.5	–9.5
	South Africa	2.8	4.3	2.1	–0.1	–0.8	–1.6
	Swaziland	–8.2	7.6	2.2	–1.4	–3.7	–2.9
	Tanzania	–8.0	–7.1	–6.3	–7.6	–9.0	–12.2
	Togo	–9.3	–10.3	–9.1	–12.5	–14.3	–12.8
	Uganda	–6.8	–9.0	–10.0	–9.9	–9.6	–12.0
	Zambia	–5.0	–6.9	–7.0	1.5	0.4	5.3
	Zimbabwe	1.3	–0.1	–1.0	–6.5	–8.3	0.8
Sub-Saharan Africa		3.5	3.5	3.8	5.0	7.2	8.5
	Excluding Nigeria and South Africa	0.8	1.7	1.2	3.3	6.2	9.0
CFA franc zone		8.6	9.2	9.0	12.3	16.1	20.1
	WAEMU	1.8	4.9	1.6	0.5	–1.1	–0.3
	CEMAC	17.5	14.6	18.3	25.6	33.5	39.1
SADC		2.4	3.6	2.0	1.6	2.8	3.9
COMESA		–0.9	0.6	–1.6	0.7	4.1	7.6
Resource intensive countries		15.5	13.5	16.4	23.3	29.7	32.9
	Oil	18.3	15.8	19.4	27.3	33.7	37.4
	Non-oil	2.1	1.1	0.5	2.2	4.0	5.0
Non-resource intensive countries		–1.6	–1.3	–2.3	–4.0	–5.3	–6.0
	Coastal	–0.8	0.0	–1.0	–2.9	–4.1	–5.0
	Landlocked	–5.2	–4.4	–7.8	–10.4	–11.9	–11.4
MDRI		–7.0	–8.0	–7.9	–8.6	–10.3	–9.6
HIPC Initiative (completion point countries)		–7.0	–8.0	–7.9	–8.6	–10.3	–9.6
Fixed exchange rate regime		5.2	4.8	5.8	8.4	12.0	15.1
Floating exchange rate regime		3.1	3.0	3.3	4.1	5.9	6.9

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA18.

External Current Account, Including Grants

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA18.

External Current Account, Including Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		–2.0	–8.0	–3.7	2.3	9.8	13.5	17.7
	Angola	–14.8	–2.7	–5.1	3.5	12.8	12.2	17.4
	Cameroon	–2.7	–5.2	–2.0	–3.4	–1.5	0.0	0.3
	Chad	–16.0	–100.4	–47.4	–4.8	0.9	0.0	0.6
	Congo, Rep. of	–9.7	0.6	1.0	2.2	11.7	19.3	18.0
	Côte d’Ivoire	–1.8	6.7	2.1	1.6	–0.1	1.8	3.1
	Equatorial Guinea	–42.2	–13.5	–43.8	–24.2	–12.7	–5.0	9.3
	Gabon	7.0	6.8	9.5	10.9	15.9	22.3	24.0
	Nigeria	0.8	–11.5	–2.7	4.8	14.5	20.4	25.4
Oil-importing countries		–2.7	–1.6	–2.3	–3.7	–4.4	–5.3	–4.8
	Benin	–6.7	–8.4	–8.3	–7.3	–6.6	–7.0	–6.7
	Botswana	9.5	3.3	5.6	3.0	15.4	14.7	13.5
	Burkina Faso	–10.3	–10.0	–8.2	–9.0	–10.2	–10.0	–10.2
	Burundi	–5.0	–3.5	–4.6	–8.1	–10.5	–17.5	–16.2
	Cape Verde	–10.2	–11.4	–11.1	–14.4	–4.6	–6.9	–10.0
	Central African Republic	–3.2	–3.4	–4.7	–4.5	–2.9	–3.2	–3.3
	Comoros	–6.1	–0.6	–2.7	–4.1	–4.6	–4.6	–5.8
	Congo, Dem. Rep. of	–4.8	–3.2	–1.8	–5.7	–4.9	–4.2	–0.2
	Eritrea	–7.0	3.6	5.1	5.7	–0.8	–2.4	–4.5
	Ethiopia	–3.5	–4.7	–2.2	–5.1	–9.1	–10.1	–7.1
	Gambia, The	–2.9	–2.8	–5.1	–11.8	–13.0	–11.0	–6.1
	Ghana	–8.9	–3.2	–2.2	–2.7	–7.7	–7.6	–7.9
	Guinea	–6.3	–4.3	–3.4	–5.6	–4.9	–4.3	–4.4
	Guinea-Bissau	–13.1	–10.7	–2.8	3.1	–7.1	–5.1	–8.0
	Kenya	–2.9	2.2	–0.2	–2.7	–2.2	–3.8	–5.8
	Lesotho	–22.3	–18.0	–10.8	–2.7	–1.6	–3.4	–8.3
	Liberia	n.a.	3.5	–11.4	–2.8	–1.6	–5.4	–15.1
	Madagascar	–5.1	–6.0	–4.9	–9.3	–10.8	–10.5	–10.7
	Malawi	–6.4	–11.2	–7.6	–9.3	–5.9	–5.0	–2.6
	Mali	–8.4	–3.1	–6.2	–8.4	–7.2	–6.1	–5.8
	Mauritius	–0.4	5.7	2.4	0.8	–3.5	–4.5	–4.1
	Mozambique	–17.3	–19.3	–15.1	–8.6	–10.8	–11.8	–11.8
	Namibia	5.3	5.4	5.1	10.2	5.7	9.0	7.9
	Niger	–6.3	–6.5	–5.6	–7.0	–6.6	–10.7	–7.3
	Rwanda	–7.6	–6.7	–7.8	–3.0	–3.1	–10.8	–10.0
	São Tomé and Príncipe	–29.6	–24.1	–22.3	–23.1	–29.5	–63.0	–61.2
	Senegal	–4.7	–5.6	–6.2	–6.1	–8.1	–9.7	–9.5
	Seychelles	–15.6	–16.3	6.4	5.3	–14.4	–3.4	–3.1
	Sierra Leone	–9.1	–4.8	–7.6	–4.9	–7.1	–7.0	–6.7
	South Africa	–0.8	0.6	–1.3	–3.4	–4.2	–5.5	–4.7
	Swaziland	–3.9	4.8	1.9	1.7	–1.4	–1.6	–2.7
	Tanzania	–7.3	–6.8	–4.7	–3.9	–5.2	–8.3	–9.8
	Togo	–10.5	–9.5	–9.4	–13.2	–14.9	–13.9	–12.2
	Uganda	–6.4	–4.9	–5.8	–1.0	–1.6	–5.0	–7.1
	Zambia	–14.9	–15.3	–14.8	–10.3	–7.8	–6.4	–7.6
	Zimbabwe	–2.0	–0.6	–2.9	–8.3	–11.1	0.5	–0.5
Sub-Saharan Africa		–2.5	–3.4	–2.7	–2.0	0.0	0.8	2.7
	Excluding Nigeria and South Africa	–5.1	–3.7	–3.9	–2.7	–0.9	0.0	1.8
CFA franc zone		–4.5	–5.6	–5.4	–3.6	–1.7	0.4	2.1
	WAEMU	–5.1	–1.7	–3.7	–4.4	–5.4	–5.2	–4.5
	CEMAC	–3.7	–10.5	–7.5	–2.7	2.1	5.7	8.3
SADC		–2.1	–0.9	–1.9	–2.8	–2.1	–2.5	–0.7
COMESA		–5.0	–1.9	–2.9	–1.8	0.3	0.7	3.2
Resource intensive countries		–1.7	–7.1	–3.2	2.0	9.0	12.1	15.7
	Oil	–2.0	–8.0	–3.7	2.3	9.8	13.5	17.7
	Non-oil	–0.5	–2.4	–0.7	0.1	3.8	3.3	2.3
Non-resource intensive countries		–2.9	–1.6	–2.5	–4.0	–5.0	–6.0	–5.4
	Coastal	–2.3	–0.9	–2.1	–3.7	–4.7	–5.9	–5.6
	Landlocked	–5.5	–3.1	–4.3	–5.5	–6.3	–6.3	–4.5
MDRI		–7.0	–6.9	–5.6	–5.4	–6.4	–7.2	–7.1
HIPC Initiative (completion point countries)		–7.0	–6.9	–5.6	–5.4	–6.4	–7.2	–7.1
Fixed exchange rate regime		–3.0	–3.2	–3.5	–2.4	–0.3	1.8	2.4
Floating exchange rate regime		–2.4	–3.4	–2.5	–1.9	0.1	0.5	2.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA18.

External Current Account, Including Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		–2.0	–8.0	–3.7	2.3	9.8	13.5	17.7
	Angola	–14.8	–2.7	–5.1	3.5	12.8	12.2	17.4
	Cameroon	–2.7	–5.2	–2.0	–3.4	–1.5	0.0	0.3
	Chad	–16.0	–100.4	–47.4	–4.8	0.9	0.0	0.6
	Congo, Rep. of	–9.7	0.6	1.0	2.2	11.7	19.3	18.0
	Côte d’Ivoire	–1.8	6.7	2.1	1.6	–0.1	1.8	3.1
	Equatorial Guinea	–42.2	–13.5	–43.8	–24.2	–12.7	–5.0	9.3
	Gabon	7.0	6.8	9.5	10.9	15.9	22.3	24.0
	Nigeria	0.8	–11.5	–2.7	4.8	14.5	20.4	25.4
Oil-importing countries		–2.7	–1.6	–2.3	–3.7	–4.4	–5.3	–4.8
	Benin	–6.7	–8.4	–8.3	–7.3	–6.6	–7.0	–6.7
	Botswana	9.5	3.3	5.6	3.0	15.4	14.7	13.5
	Burkina Faso	–10.3	–10.0	–8.2	–9.0	–10.2	–10.0	–10.2
	Burundi	–5.0	–3.5	–4.6	–8.1	–10.5	–17.5	–16.2
	Cape Verde	–10.2	–11.4	–11.1	–14.4	–4.6	–6.9	–10.0
	Central African Republic	–3.2	–3.4	–4.7	–4.5	–2.9	–3.2	–3.3
	Comoros	–6.1	–0.6	–2.7	–4.1	–4.6	–4.6	–5.8
	Congo, Dem. Rep. of	–4.8	–3.2	–1.8	–5.7	–4.9	–4.2	–0.2
	Eritrea	–7.0	3.6	5.1	5.7	–0.8	–2.4	–4.5
	Ethiopia	–3.5	–4.7	–2.2	–5.1	–9.1	–10.1	–7.1
	Gambia, The	–2.9	–2.8	–5.1	–11.8	–13.0	–11.0	–6.1
	Ghana	–8.9	–3.2	–2.2	–2.7	–7.7	–7.6	–7.9
	Guinea	–6.3	–4.3	–3.4	–5.6	–4.9	–4.3	–4.4
	Guinea-Bissau	–13.1	–10.7	–2.8	3.1	–7.1	–5.1	–8.0
	Kenya	–2.9	2.2	–0.2	–2.7	–2.2	–3.8	–5.8
	Lesotho	–22.3	–18.0	–10.8	–2.7	–1.6	–3.4	–8.3
	Liberia	n.a.	3.5	–11.4	–2.8	–1.6	–5.4	–15.1
	Madagascar	–5.1	–6.0	–4.9	–9.3	–10.8	–10.5	–10.7
	Malawi	–6.4	–11.2	–7.6	–9.3	–5.9	–5.0	–2.6
	Mali	–8.4	–3.1	–6.2	–8.4	–7.2	–6.1	–5.8
	Mauritius	–0.4	5.7	2.4	0.8	–3.5	–4.5	–4.1
	Mozambique	–17.3	–19.3	–15.1	–8.6	–10.8	–11.8	–11.8
	Namibia	5.3	5.4	5.1	10.2	5.7	9.0	7.9
	Niger	–6.3	–6.5	–5.6	–7.0	–6.6	–10.7	–7.3
	Rwanda	–7.6	–6.7	–7.8	–3.0	–3.1	–10.8	–10.0
	São Tomé and Príncipe	–29.6	–24.1	–22.3	–23.1	–29.5	–63.0	–61.2
	Senegal	–4.7	–5.6	–6.2	–6.1	–8.1	–9.7	–9.5
	Seychelles	–15.6	–16.3	6.4	5.3	–14.4	–3.4	–3.1
	Sierra Leone	–9.1	–4.8	–7.6	–4.9	–7.1	–7.0	–6.7
	South Africa	–0.8	0.6	–1.3	–3.4	–4.2	–5.5	–4.7
	Swaziland	–3.9	4.8	1.9	1.7	–1.4	–1.6	–2.7
	Tanzania	–7.3	–6.8	–4.7	–3.9	–5.2	–8.3	–9.8
	Togo	–10.5	–9.5	–9.4	–13.2	–14.9	–13.9	–12.2
	Uganda	–6.4	–4.9	–5.8	–1.0	–1.6	–5.0	–7.1
	Zambia	–14.9	–15.3	–14.8	–10.3	–7.8	–6.4	–7.6
	Zimbabwe	–2.0	–0.6	–2.9	–8.3	–11.1	0.5	–0.5
Sub-Saharan Africa		–2.5	–3.4	–2.7	–2.0	0.0	0.8	2.7
	Excluding Nigeria and South Africa	–5.1	–3.7	–3.9	–2.7	–0.9	0.0	1.8
CFA franc zone		–4.5	–5.6	–5.4	–3.6	–1.7	0.4	2.1
	WAEMU	–5.1	–1.7	–3.7	–4.4	–5.4	–5.2	–4.5
	CEMAC	–3.7	–10.5	–7.5	–2.7	2.1	5.7	8.3
SADC		–2.1	–0.9	–1.9	–2.8	–2.1	–2.5	–0.7
COMESA		–5.0	–1.9	–2.9	–1.8	0.3	0.7	3.2
Resource intensive countries		–1.7	–7.1	–3.2	2.0	9.0	12.1	15.7
	Oil	–2.0	–8.0	–3.7	2.3	9.8	13.5	17.7
	Non-oil	–0.5	–2.4	–0.7	0.1	3.8	3.3	2.3
Non-resource intensive countries		–2.9	–1.6	–2.5	–4.0	–5.0	–6.0	–5.4
	Coastal	–2.3	–0.9	–2.1	–3.7	–4.7	–5.9	–5.6
	Landlocked	–5.5	–3.1	–4.3	–5.5	–6.3	–6.3	–4.5
MDRI		–7.0	–6.9	–5.6	–5.4	–6.4	–7.2	–7.1
HIPC Initiative (completion point countries)		–7.0	–6.9	–5.6	–5.4	–6.4	–7.2	–7.1
Fixed exchange rate regime		–3.0	–3.2	–3.5	–2.4	–0.3	1.8	2.4
Floating exchange rate regime		–2.4	–3.4	–2.5	–1.9	0.1	0.5	2.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA19.

External Current Account, Excluding Grants

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA19.

External Current Account, Excluding Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		–2.2	–8.2	–3.8	2.3	9.7	13.3	17.6
	Angola	–15.9	–3.0	–5.8	3.4	12.7	12.2	17.3
	Cameroon	–2.9	–6.4	–2.6	–3.6	–1.9	–0.4	0.2
	Chad	–18.0	–102.3	–50.1	–7.9	–1.1	–1.2	–1.0
	Congo, Rep. of	–9.9	0.4	0.8	2.0	11.5	19.1	17.8
	Côte d’Ivoire	–2.3	6.5	1.9	1.7	0.1	0.1	1.3
	Equatorial Guinea	–43.9	–14.2	–44.4	–24.7	–13.0	–5.2	9.3
	Gabon	6.7	7.5	10.2	11.6	16.5	22.9	23.9
	Nigeria	0.9	–11.5	–2.6	4.9	14.6	20.5	25.5
Oil-importing countries		–4.0	–3.0	–3.8	–5.1	–5.7	–6.5	–5.9
	Benin	–9.3	–12.0	–11.6	–10.5	–8.8	–9.3	–9.1
	Botswana	5.6	–0.3	2.1	–2.4	10.2	8.3	7.9
	Burkina Faso	–13.4	–12.7	–12.4	–12.0	–13.2	–12.8	–12.7
	Burundi	–10.3	–17.5	–21.1	–25.5	–34.3	–37.9	–37.8
	Cape Verde	–17.7	–17.1	–17.1	–20.1	–9.3	–14.4	–16.5
	Central African Republic	–6.5	–5.8	–5.6	–6.6	–6.6	–6.9	–6.8
	Comoros	–9.4	–4.7	–5.0	–5.5	–6.7	–8.0	–9.0
	Congo, Dem. Rep. of	–8.7	–11.1	–10.7	–12.8	–11.2	–14.6	–8.1
	Eritrea	–18.5	–6.3	–13.7	–11.1	–10.5	–10.0	–14.1
	Ethiopia	–7.0	–10.7	–9.8	–10.9	–15.8	–15.3	–12.9
	Gambia, The	–10.4	–13.4	–13.6	–21.6	–19.3	–16.6	–16.9
	Ghana	–12.2	–6.7	–7.4	–8.8	–13.0	–12.4	–12.9
	Guinea	–7.4	–5.6	–4.1	–5.8	–5.5	–5.2	–5.4
	Guinea-Bissau	–25.6	–18.7	–12.0	–11.7	–15.0	–14.1	–14.4
	Kenya	–3.2	2.2	–0.6	–2.7	–2.2	–4.1	–5.8
	Lesotho	–39.1	–34.6	–25.7	–21.5	–20.7	–28.2	–28.1
	Liberia	n.a.	–4.4	–16.2	–44.0	–55.7	–50.9	–56.0
	Madagascar	–6.2	–6.1	–7.5	–13.1	–12.1	–11.6	–11.4
	Malawi	–13.4	–23.3	–16.9	–20.5	–19.6	–18.7	–16.1
	Mali	–10.3	–4.4	–8.8	–10.4	–9.3	–7.7	–7.4
	Mauritius	–0.6	5.7	1.9	0.4	–3.6	–4.8	–4.5
	Mozambique	–23.8	–23.0	–19.9	–14.1	–16.3	–18.2	–18.2
	Namibia	–6.3	–3.0	–4.7	–1.0	–5.5	–2.0	–1.9
	Niger	–8.8	–9.4	–8.9	–10.3	–10.1	–12.1	–8.6
	Rwanda	–16.8	–16.6	–19.2	–18.2	–19.4	–21.4	–19.2
	São Tomé and Príncipe	–63.5	–54.5	–56.7	–58.8	–61.5	–93.6	–88.0
	Senegal	–6.8	–7.4	–8.0	–7.9	–9.5	–10.9	–10.6
	Seychelles	–17.6	–18.1	4.9	3.5	–15.8	–4.7	–4.3
	Sierra Leone	–13.1	–12.1	–14.1	–11.6	–14.1	–12.5	–12.1
	South Africa	–0.1	1.1	–0.8	–2.7	–3.5	–4.7	–4.0
	Swaziland	–12.8	–3.6	–5.7	–7.4	–11.5	–10.7	–11.1
	Tanzania	–12.3	–9.4	–8.2	–7.5	–9.7	–12.0	–13.5
	Togo	–13.9	–10.2	–10.0	–14.1	–15.6	–14.7	–13.1
	Uganda	–12.7	–13.2	–13.5	–11.2	–10.6	–11.9	–13.1
	Zambia	–16.7	–17.9	–16.4	–10.7	–9.6	–7.2	–8.3
	Zimbabwe	–3.0	–0.7	–3.3	–8.9	–11.7	–0.2	–0.8
Sub-Saharan Africa		–3.5	–4.4	–3.8	–3.0	–1.0	–0.2	1.9
	Excluding Nigeria and South Africa	–7.7	–6.0	–6.8	–5.8	–3.7	–2.7	–0.5
CFA franc zone		–5.7	–6.8	–6.6	–4.6	–2.6	–0.6	1.1
	WAEMU	–6.9	–3.1	–5.5	–5.9	–6.8	–7.0	–6.2
	CEMAC	–4.3	–11.3	–7.9	–3.2	1.6	5.4	7.9
SADC		–2.8	–1.6	–2.6	–3.3	–2.7	–3.1	–1.2
COMESA		–7.9	–4.4	–6.5	–5.5	–3.1	–2.1	1.1
Resource intensive countries		–2.7	–8.0	–4.0	1.1	8.2	11.2	15.0
	Oil	–2.2	–8.2	–3.8	2.3	9.7	13.3	17.6
	Non-oil	–5.1	–6.5	–4.9	–4.9	–1.4	–1.5	–2.0
Non-resource intensive countries		–3.9	–2.7	–3.7	–5.1	–6.0	–7.0	–6.3
	Coastal	–2.6	–1.2	–2.4	–3.9	–4.8	–5.9	–5.6
	Landlocked	–9.5	–6.7	–9.9	–11.9	–13.1	–12.4	–8.9
MDRI		–10.3	–10.2	–9.4	–9.3	–10.3	–10.3	–10.2
HIPC Initiative (completion point countries)		–10.3	–10.2	–9.4	–9.3	–10.3	–10.3	–10.2
Fixed exchange rate regime		–5.3	–4.6	–5.6	–4.8	–2.6	–0.6	0.5
Floating exchange rate regime		–3.0	–4.3	–3.3	–2.5	–0.5	0.0	2.3

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA19.

External Current Account, Excluding Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006	2007
Oil-exporting countries		–2.2	–8.2	–3.8	2.3	9.7	13.3	17.6
	Angola	–15.9	–3.0	–5.8	3.4	12.7	12.2	17.3
	Cameroon	–2.9	–6.4	–2.6	–3.6	–1.9	–0.4	0.2
	Chad	–18.0	–102.3	–50.1	–7.9	–1.1	–1.2	–1.0
	Congo, Rep. of	–9.9	0.4	0.8	2.0	11.5	19.1	17.8
	Côte d’Ivoire	–2.3	6.5	1.9	1.7	0.1	0.1	1.3
	Equatorial Guinea	–43.9	–14.2	–44.4	–24.7	–13.0	–5.2	9.3
	Gabon	6.7	7.5	10.2	11.6	16.5	22.9	23.9
	Nigeria	0.9	–11.5	–2.6	4.9	14.6	20.5	25.5
Oil-importing countries		–4.0	–3.0	–3.8	–5.1	–5.7	–6.5	–5.9
	Benin	–9.3	–12.0	–11.6	–10.5	–8.8	–9.3	–9.1
	Botswana	5.6	–0.3	2.1	–2.4	10.2	8.3	7.9
	Burkina Faso	–13.4	–12.7	–12.4	–12.0	–13.2	–12.8	–12.7
	Burundi	–10.3	–17.5	–21.1	–25.5	–34.3	–37.9	–37.8
	Cape Verde	–17.7	–17.1	–17.1	–20.1	–9.3	–14.4	–16.5
	Central African Republic	–6.5	–5.8	–5.6	–6.6	–6.6	–6.9	–6.8
	Comoros	–9.4	–4.7	–5.0	–5.5	–6.7	–8.0	–9.0
	Congo, Dem. Rep. of	–8.7	–11.1	–10.7	–12.8	–11.2	–14.6	–8.1
	Eritrea	–18.5	–6.3	–13.7	–11.1	–10.5	–10.0	–14.1
	Ethiopia	–7.0	–10.7	–9.8	–10.9	–15.8	–15.3	–12.9
	Gambia, The	–10.4	–13.4	–13.6	–21.6	–19.3	–16.6	–16.9
	Ghana	–12.2	–6.7	–7.4	–8.8	–13.0	–12.4	–12.9
	Guinea	–7.4	–5.6	–4.1	–5.8	–5.5	–5.2	–5.4
	Guinea-Bissau	–25.6	–18.7	–12.0	–11.7	–15.0	–14.1	–14.4
	Kenya	–3.2	2.2	–0.6	–2.7	–2.2	–4.1	–5.8
	Lesotho	–39.1	–34.6	–25.7	–21.5	–20.7	–28.2	–28.1
	Liberia	n.a.	–4.4	–16.2	–44.0	–55.7	–50.9	–56.0
	Madagascar	–6.2	–6.1	–7.5	–13.1	–12.1	–11.6	–11.4
	Malawi	–13.4	–23.3	–16.9	–20.5	–19.6	–18.7	–16.1
	Mali	–10.3	–4.4	–8.8	–10.4	–9.3	–7.7	–7.4
	Mauritius	–0.6	5.7	1.9	0.4	–3.6	–4.8	–4.5
	Mozambique	–23.8	–23.0	–19.9	–14.1	–16.3	–18.2	–18.2
	Namibia	–6.3	–3.0	–4.7	–1.0	–5.5	–2.0	–1.9
	Niger	–8.8	–9.4	–8.9	–10.3	–10.1	–12.1	–8.6
	Rwanda	–16.8	–16.6	–19.2	–18.2	–19.4	–21.4	–19.2
	São Tomé and Príncipe	–63.5	–54.5	–56.7	–58.8	–61.5	–93.6	–88.0
	Senegal	–6.8	–7.4	–8.0	–7.9	–9.5	–10.9	–10.6
	Seychelles	–17.6	–18.1	4.9	3.5	–15.8	–4.7	–4.3
	Sierra Leone	–13.1	–12.1	–14.1	–11.6	–14.1	–12.5	–12.1
	South Africa	–0.1	1.1	–0.8	–2.7	–3.5	–4.7	–4.0
	Swaziland	–12.8	–3.6	–5.7	–7.4	–11.5	–10.7	–11.1
	Tanzania	–12.3	–9.4	–8.2	–7.5	–9.7	–12.0	–13.5
	Togo	–13.9	–10.2	–10.0	–14.1	–15.6	–14.7	–13.1
	Uganda	–12.7	–13.2	–13.5	–11.2	–10.6	–11.9	–13.1
	Zambia	–16.7	–17.9	–16.4	–10.7	–9.6	–7.2	–8.3
	Zimbabwe	–3.0	–0.7	–3.3	–8.9	–11.7	–0.2	–0.8
Sub-Saharan Africa		–3.5	–4.4	–3.8	–3.0	–1.0	–0.2	1.9
	Excluding Nigeria and South Africa	–7.7	–6.0	–6.8	–5.8	–3.7	–2.7	–0.5
CFA franc zone		–5.7	–6.8	–6.6	–4.6	–2.6	–0.6	1.1
	WAEMU	–6.9	–3.1	–5.5	–5.9	–6.8	–7.0	–6.2
	CEMAC	–4.3	–11.3	–7.9	–3.2	1.6	5.4	7.9
SADC		–2.8	–1.6	–2.6	–3.3	–2.7	–3.1	–1.2
COMESA		–7.9	–4.4	–6.5	–5.5	–3.1	–2.1	1.1
Resource intensive countries		–2.7	–8.0	–4.0	1.1	8.2	11.2	15.0
	Oil	–2.2	–8.2	–3.8	2.3	9.7	13.3	17.6
	Non-oil	–5.1	–6.5	–4.9	–4.9	–1.4	–1.5	–2.0
Non-resource intensive countries		–3.9	–2.7	–3.7	–5.1	–6.0	–7.0	–6.3
	Coastal	–2.6	–1.2	–2.4	–3.9	–4.8	–5.9	–5.6
	Landlocked	–9.5	–6.7	–9.9	–11.9	–13.1	–12.4	–8.9
MDRI		–10.3	–10.2	–9.4	–9.3	–10.3	–10.3	–10.2
HIPC Initiative (completion point countries)		–10.3	–10.2	–9.4	–9.3	–10.3	–10.3	–10.2
Fixed exchange rate regime		–5.3	–4.6	–5.6	–4.8	–2.6	–0.6	0.5
Floating exchange rate regime		–3.0	–4.3	–3.3	–2.5	–0.5	0.0	2.3

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA20.

Official Grants

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA20.

Official Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		0.2	0.2	0.2	0.1	0.0	0.2
	Angola	1.2	0.3	0.7	0.0	0.1	0.1
	Cameroon	0.2	1.3	0.6	0.2	0.5	0.4
	Chad	2.0	1.9	2.7	3.1	2.0	1.2
	Congo, Rep. of	0.3	0.2	0.2	0.2	0.1	0.1
	Côte d’Ivoire	0.5	0.2	0.3	–0.1	–0.1	1.7
	Equatorial Guinea	1.7	0.7	0.6	0.4	0.3	0.2
	Gabon	0.3	–0.6	–0.7	–0.7	–0.6	–0.5
	Nigeria	–0.1	0.0	–0.1	–0.1	–0.1	–0.1
Oil-importing countries		1.2	1.4	1.5	1.4	1.4	1.3
	Benin	2.6	3.6	3.2	3.2	2.2	2.4
	Botswana	4.0	3.6	3.5	5.4	5.2	6.4
	Burkina Faso	3.1	2.6	4.2	3.0	3.0	2.7
	Burundi	5.3	13.9	16.5	17.4	23.8	20.4
	Cape Verde	7.5	5.7	6.0	5.7	4.7	7.5
	Central African Republic	3.3	2.4	0.9	2.1	3.7	3.7
	Comoros	3.3	4.1	2.2	1.4	2.1	3.5
	Congo, Dem. Rep. of	3.8	7.9	8.9	7.1	6.3	10.4
	Eritrea	11.5	9.9	18.8	16.9	9.8	7.6
	Ethiopia	3.5	5.9	7.6	5.8	6.7	5.2
	Gambia, The	7.4	10.6	8.5	9.9	6.3	5.7
	Ghana	3.2	3.6	5.2	6.1	5.3	4.8
	Guinea	1.1	1.4	0.7	0.3	0.7	0.8
	Guinea-Bissau	12.5	8.0	9.2	14.7	7.9	9.0
	Kenya	0.3	0.0	0.4	0.0	0.0	0.3
	Lesotho	16.8	16.6	15.0	18.8	19.1	24.8
	Liberia	n.a.	7.8	4.8	41.1	54.1	45.6
	Madagascar	1.0	0.2	2.6	3.8	1.3	1.2
	Malawi	7.0	12.2	9.3	11.2	13.7	13.7
	Mali	1.9	1.3	2.6	2.0	2.1	1.7
	Mauritius	0.1	0.0	0.5	0.4	0.2	0.3
	Mozambique	6.5	3.7	4.9	5.5	5.6	6.5
	Namibia	11.6	8.4	9.8	11.3	11.2	11.0
	Niger	2.5	2.9	3.3	3.3	3.5	1.3
	Rwanda	9.2	9.8	11.4	15.2	16.3	10.6
	São Tomé and Príncipe	33.9	30.4	34.4	35.7	31.9	30.6
	Senegal	2.1	1.8	1.8	1.7	1.4	1.3
	Seychelles	2.0	1.8	1.5	1.8	1.4	1.3
	Sierra Leone	4.0	7.4	6.5	6.6	6.9	5.5
	South Africa	–0.6	–0.5	–0.5	–0.7	–0.7	–0.7
	Swaziland	8.9	8.4	7.6	9.1	10.1	9.1
	Tanzania	5.0	2.5	3.5	3.6	4.6	3.7
	Togo	3.4	0.7	0.6	0.9	0.7	0.8
	Uganda	6.4	8.3	7.7	10.2	9.0	7.0
	Zambia	1.8	2.5	1.5	0.4	1.8	0.8
	Zimbabwe	1.0	0.1	0.4	0.5	0.6	0.7
Sub-Saharan Africa		1.0	1.1	1.1	1.0	1.0	0.9
	Excluding Nigeria and South Africa	2.7	2.3	2.9	3.0	2.9	2.7
CFA franc zone		1.2	1.2	1.2	1.0	0.9	1.0
	WAEMU	1.7	1.5	1.8	1.5	1.4	1.8
	CEMAC	0.6	0.8	0.5	0.5	0.5	0.3
SADC		0.7	0.7	0.7	0.6	0.6	0.6
COMESA		2.9	2.5	3.6	3.7	3.5	2.8
Resource intensive countries		1.0	0.8	0.8	0.8	0.8	0.8
	Oil	0.2	0.2	0.2	0.1	0.0	0.2
	Non-oil	4.6	4.1	4.1	5.0	5.2	4.8
Non-resource intensive countries		1.0	1.2	1.3	1.1	1.1	1.0
	Coastal	0.3	0.2	0.3	0.2	0.1	0.0
	Landlocked	4.1	3.6	5.6	6.4	6.8	6.1
MDRI		3.3	3.3	3.8	3.8	3.9	3.1
HIPC Initiative (completion point countries)		3.3	3.3	3.8	3.8	3.9	3.1
Fixed exchange rate regime		2.3	1.5	2.1	2.4	2.3	2.4
Floating exchange rate regime		0.6	0.9	0.8	0.6	0.6	0.5

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA20.

Official Grants

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		0.2	0.2	0.2	0.1	0.0	0.2
	Angola	1.2	0.3	0.7	0.0	0.1	0.1
	Cameroon	0.2	1.3	0.6	0.2	0.5	0.4
	Chad	2.0	1.9	2.7	3.1	2.0	1.2
	Congo, Rep. of	0.3	0.2	0.2	0.2	0.1	0.1
	Côte d’Ivoire	0.5	0.2	0.3	–0.1	–0.1	1.7
	Equatorial Guinea	1.7	0.7	0.6	0.4	0.3	0.2
	Gabon	0.3	–0.6	–0.7	–0.7	–0.6	–0.5
	Nigeria	–0.1	0.0	–0.1	–0.1	–0.1	–0.1
Oil-importing countries		1.2	1.4	1.5	1.4	1.4	1.3
	Benin	2.6	3.6	3.2	3.2	2.2	2.4
	Botswana	4.0	3.6	3.5	5.4	5.2	6.4
	Burkina Faso	3.1	2.6	4.2	3.0	3.0	2.7
	Burundi	5.3	13.9	16.5	17.4	23.8	20.4
	Cape Verde	7.5	5.7	6.0	5.7	4.7	7.5
	Central African Republic	3.3	2.4	0.9	2.1	3.7	3.7
	Comoros	3.3	4.1	2.2	1.4	2.1	3.5
	Congo, Dem. Rep. of	3.8	7.9	8.9	7.1	6.3	10.4
	Eritrea	11.5	9.9	18.8	16.9	9.8	7.6
	Ethiopia	3.5	5.9	7.6	5.8	6.7	5.2
	Gambia, The	7.4	10.6	8.5	9.9	6.3	5.7
	Ghana	3.2	3.6	5.2	6.1	5.3	4.8
	Guinea	1.1	1.4	0.7	0.3	0.7	0.8
	Guinea-Bissau	12.5	8.0	9.2	14.7	7.9	9.0
	Kenya	0.3	0.0	0.4	0.0	0.0	0.3
	Lesotho	16.8	16.6	15.0	18.8	19.1	24.8
	Liberia	n.a.	7.8	4.8	41.1	54.1	45.6
	Madagascar	1.0	0.2	2.6	3.8	1.3	1.2
	Malawi	7.0	12.2	9.3	11.2	13.7	13.7
	Mali	1.9	1.3	2.6	2.0	2.1	1.7
	Mauritius	0.1	0.0	0.5	0.4	0.2	0.3
	Mozambique	6.5	3.7	4.9	5.5	5.6	6.5
	Namibia	11.6	8.4	9.8	11.3	11.2	11.0
	Niger	2.5	2.9	3.3	3.3	3.5	1.3
	Rwanda	9.2	9.8	11.4	15.2	16.3	10.6
	São Tomé and Príncipe	33.9	30.4	34.4	35.7	31.9	30.6
	Senegal	2.1	1.8	1.8	1.7	1.4	1.3
	Seychelles	2.0	1.8	1.5	1.8	1.4	1.3
	Sierra Leone	4.0	7.4	6.5	6.6	6.9	5.5
	South Africa	–0.6	–0.5	–0.5	–0.7	–0.7	–0.7
	Swaziland	8.9	8.4	7.6	9.1	10.1	9.1
	Tanzania	5.0	2.5	3.5	3.6	4.6	3.7
	Togo	3.4	0.7	0.6	0.9	0.7	0.8
	Uganda	6.4	8.3	7.7	10.2	9.0	7.0
	Zambia	1.8	2.5	1.5	0.4	1.8	0.8
	Zimbabwe	1.0	0.1	0.4	0.5	0.6	0.7
Sub-Saharan Africa		1.0	1.1	1.1	1.0	1.0	0.9
	Excluding Nigeria and South Africa	2.7	2.3	2.9	3.0	2.9	2.7
CFA franc zone		1.2	1.2	1.2	1.0	0.9	1.0
	WAEMU	1.7	1.5	1.8	1.5	1.4	1.8
	CEMAC	0.6	0.8	0.5	0.5	0.5	0.3
SADC		0.7	0.7	0.7	0.6	0.6	0.6
COMESA		2.9	2.5	3.6	3.7	3.5	2.8
Resource intensive countries		1.0	0.8	0.8	0.8	0.8	0.8
	Oil	0.2	0.2	0.2	0.1	0.0	0.2
	Non-oil	4.6	4.1	4.1	5.0	5.2	4.8
Non-resource intensive countries		1.0	1.2	1.3	1.1	1.1	1.0
	Coastal	0.3	0.2	0.3	0.2	0.1	0.0
	Landlocked	4.1	3.6	5.6	6.4	6.8	6.1
MDRI		3.3	3.3	3.8	3.8	3.9	3.1
HIPC Initiative (completion point countries)		3.3	3.3	3.8	3.8	3.9	3.1
Fixed exchange rate regime		2.3	1.5	2.1	2.4	2.3	2.4
Floating exchange rate regime		0.6	0.9	0.8	0.6	0.6	0.5

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA21.

Real Effective Exchange Rates¹

(Index, 2000 = 100)

Source: IMF, Information Notice System, August 30, 2006.

An increase indicates appreciation.

Table SA21.

Real Effective Exchange Rates¹

(Index, 2000 = 100)

		1997-2001	2002	2003	2004	2005
Oil-exporting countries		115.6	110.8	110.0	114.5	125.6
	Angola	100.4	118.0	117.4	140.0	158.4
	Cameroon	106.4	107.1	110.4	110.6	109.8
	Chad	109.4	115.8	119.1	114.2	121.3
	Congo, Rep. of	105.3	104.9	109.3	112.9	112.5
	Cote d’Ivoire	103.3	107.6	115.0	116.6	116.4
	Equatorial Guinea	106.4	114.9	134.4	143.8	149.9
	Gabon	105.6	100.0	104.8	105.1	102.6
	Nigeria	135.7	111.0	105.0	107.8	123.8
Oil-importing countries		100.4	89.7	101.4	103.5	105.3
	Benin	103.6	106.2	115.1	117.9	120.5
	Botswana	97.3	109.3	115.0	110.2	107.2
	Burkina Faso	105.6	106.8	112.1	111.5	114.8
	Burundi	107.3	81.9	63.6	64.2	71.1
	Cape Verde	102.7	98.2	99.9	97.0	94.5
	Central African Republic	102.5	116.1	123.3	122.2	120.2
	Comoros	106.9	113.8	116.8	123.6	126.0
	Congo, Dem. Rep. of	81.7	36.6	31.7	28.4	27.8
	Eritrea	95.9	88.7	94.9	83.5	104.6
	Ethiopia	99.0	87.1	90.1	85.0	91.3
	Gambia, The	101.3	71.7	51.8	51.2	53.5
	Ghana	130.5	99.8	100.5	99.4	109.5
	Guinea	108.2	92.1	88.2	83.2	65.4
	Guinea-Bissau	101.5	105.5	107.1	108.9	106.7
	Kenya	100.2	105.1	106.5	104.1	116.1
	Lesotho	107.0	78.0	112.2	132.2	132.8
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	98.2	119.6	105.7	80.1	84.8
	Malawi	105.8	109.3	80.3	73.3	75.2
	Mali	107.0	108.6	109.9	106.6	101.4
	Mauritius	96.1	96.5	94.3	91.9	87.0
	Mozambique	97.2	90.5	79.7	83.5	85.3
	Namibia	99.8	87.2	104.6	111.9	112.7
	Niger	104.9	106.0	108.2	108.8	113.3
	Rwanda	105.3	86.5	72.6	69.6	75.4
	São Tomé and Príncipe	90.0	95.4	86.9	84.2	89.8
	Senegal	104.8	104.0	106.6	106.7	105.3
	Seychelles	96.7	109.0	100.9	94.2	92.2
	Sierra Leone	103.7	94.5	77.7	69.4	70.9
	South Africa	104.0	73.9	97.3	107.6	108.5
	Swaziland	97.9	88.3	102.8	113.2	113.2
	Tanzania	98.8	90.8	75.0	67.7	65.7
	Togo	104.0	105.8	109.5	110.9	113.6
	Uganda	109.9	93.5	81.8	84.6	88.8
	Zambia	102.8	110.9	101.7	107.8	134.8
	Zimbabwe	99.9	359.2	197.9	69.4	63.4
Sub-Saharan Africa		102.8	94.0	103.4	106.1	109.8
	Excluding Nigeria and South Africa	98.6	107.8	103.9	99.9	102.8
CFA franc zone		105.2	107.5	112.9	113.6	114.4
	WAEMU	104.5	106.5	111.2	111.5	111.8
	CEMAC	106.3	108.8	115.2	116.4	117.6
SADC		98.2	87.1	103.5	108.7	109.7
COMESA		92.8	113.4	103.8	96.5	101.5
Resource intensive countries		112.4	108.5	108.3	111.8	120.3
	Oil	115.6	110.8	110.0	114.5	125.6
	Non-oil	101.9	98.3	100.4	99.4	97.1
Non-resource intensive countries		100.3	89.2	101.5	103.8	105.8
	Coastal	104.1	81.1	98.7	105.2	107.2
	Landlocked	92.5	114.9	103.3	92.0	93.7
MDRI		105.8	98.5	95.4	93.3	97.5
HIPC Initiative (completion point countries)		105.8	98.5	95.4	93.3	97.5
Fixed exchange rate regime		102.1	135.1	135.4	126.4	125.6
Floating exchange rate regime		103.0	84.7	95.3	99.9	104.3

Source: IMF, Information Notice System, August 30, 2006.

An increase indicates appreciation.

Table SA21.

Real Effective Exchange Rates¹

(Index, 2000 = 100)

		1997-2001	2002	2003	2004	2005
Oil-exporting countries		115.6	110.8	110.0	114.5	125.6
	Angola	100.4	118.0	117.4	140.0	158.4
	Cameroon	106.4	107.1	110.4	110.6	109.8
	Chad	109.4	115.8	119.1	114.2	121.3
	Congo, Rep. of	105.3	104.9	109.3	112.9	112.5
	Cote d’Ivoire	103.3	107.6	115.0	116.6	116.4
	Equatorial Guinea	106.4	114.9	134.4	143.8	149.9
	Gabon	105.6	100.0	104.8	105.1	102.6
	Nigeria	135.7	111.0	105.0	107.8	123.8
Oil-importing countries		100.4	89.7	101.4	103.5	105.3
	Benin	103.6	106.2	115.1	117.9	120.5
	Botswana	97.3	109.3	115.0	110.2	107.2
	Burkina Faso	105.6	106.8	112.1	111.5	114.8
	Burundi	107.3	81.9	63.6	64.2	71.1
	Cape Verde	102.7	98.2	99.9	97.0	94.5
	Central African Republic	102.5	116.1	123.3	122.2	120.2
	Comoros	106.9	113.8	116.8	123.6	126.0
	Congo, Dem. Rep. of	81.7	36.6	31.7	28.4	27.8
	Eritrea	95.9	88.7	94.9	83.5	104.6
	Ethiopia	99.0	87.1	90.1	85.0	91.3
	Gambia, The	101.3	71.7	51.8	51.2	53.5
	Ghana	130.5	99.8	100.5	99.4	109.5
	Guinea	108.2	92.1	88.2	83.2	65.4
	Guinea-Bissau	101.5	105.5	107.1	108.9	106.7
	Kenya	100.2	105.1	106.5	104.1	116.1
	Lesotho	107.0	78.0	112.2	132.2	132.8
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	98.2	119.6	105.7	80.1	84.8
	Malawi	105.8	109.3	80.3	73.3	75.2
	Mali	107.0	108.6	109.9	106.6	101.4
	Mauritius	96.1	96.5	94.3	91.9	87.0
	Mozambique	97.2	90.5	79.7	83.5	85.3
	Namibia	99.8	87.2	104.6	111.9	112.7
	Niger	104.9	106.0	108.2	108.8	113.3
	Rwanda	105.3	86.5	72.6	69.6	75.4
	São Tomé and Príncipe	90.0	95.4	86.9	84.2	89.8
	Senegal	104.8	104.0	106.6	106.7	105.3
	Seychelles	96.7	109.0	100.9	94.2	92.2
	Sierra Leone	103.7	94.5	77.7	69.4	70.9
	South Africa	104.0	73.9	97.3	107.6	108.5
	Swaziland	97.9	88.3	102.8	113.2	113.2
	Tanzania	98.8	90.8	75.0	67.7	65.7
	Togo	104.0	105.8	109.5	110.9	113.6
	Uganda	109.9	93.5	81.8	84.6	88.8
	Zambia	102.8	110.9	101.7	107.8	134.8
	Zimbabwe	99.9	359.2	197.9	69.4	63.4
Sub-Saharan Africa		102.8	94.0	103.4	106.1	109.8
	Excluding Nigeria and South Africa	98.6	107.8	103.9	99.9	102.8
CFA franc zone		105.2	107.5	112.9	113.6	114.4
	WAEMU	104.5	106.5	111.2	111.5	111.8
	CEMAC	106.3	108.8	115.2	116.4	117.6
SADC		98.2	87.1	103.5	108.7	109.7
COMESA		92.8	113.4	103.8	96.5	101.5
Resource intensive countries		112.4	108.5	108.3	111.8	120.3
	Oil	115.6	110.8	110.0	114.5	125.6
	Non-oil	101.9	98.3	100.4	99.4	97.1
Non-resource intensive countries		100.3	89.2	101.5	103.8	105.8
	Coastal	104.1	81.1	98.7	105.2	107.2
	Landlocked	92.5	114.9	103.3	92.0	93.7
MDRI		105.8	98.5	95.4	93.3	97.5
HIPC Initiative (completion point countries)		105.8	98.5	95.4	93.3	97.5
Fixed exchange rate regime		102.1	135.1	135.4	126.4	125.6
Floating exchange rate regime		103.0	84.7	95.3	99.9	104.3

Source: IMF, Information Notice System, August 30, 2006.

An increase indicates appreciation.

Table SA22.

Nominal Effective Exchange Rates¹

(Index, 2000 = 100)

Source: IMF, Information Notice System, August 30, 2006.

^¹An increase indicates appreciation.

Table SA22.

Nominal Effective Exchange Rates¹

(Index, 2000 = 100)

		1997-2001	2002	2003	2004	2005
Oil-exporting countries		131.4	83.1	73.7	69.8	69.1
	Angola	934.5	21.5	10.8	9.0	8.4
	Cameroon	103.8	103.7	108.6	110.8	110.1
	Chad	104.6	102.2	109.3	113.2	112.8
	Congo, Rep. of	104.5	105.1	112.8	116.6	116.2
	Cote d’Ivoire	102.5	105.4	112.2	115.0	113.6
	Equatorial Guinea	107.2	102.3	114.0	119.8	119.6
	Gabon	103.4	101.6	106.3	108.5	108.1
	Nigeria	141.7	87.0	74.2	67.9	68.0
Oil-importing countries		111.5	75.0	81.8	83.3	81.4
	Benin	105.2	103.1	112.1	117.0	116.4
	Botswana	100.1	108.5	112.4	105.1	99.0
	Burkina Faso	101.5	106.8	114.3	117.7	117.8
	Burundi	122.5	80.9	61.4	56.9	57.5
	Cape Verde	100.0	100.5	104.4	105.9	105.3
	Central African Republic	103.5	102.0	106.3	108.1	107.9
	Comoros	102.1	110.4	112.3	113.3	113.4
	Congo, Dem. Rep. of	525.0	4.6	3.6	3.2	2.6
	Eritrea	106.4	70.4	62.9	45.5	53.7
	Ethiopia	100.6	99.8	90.3	84.9	84.0
	Gambia, The	100.6	66.5	42.3	37.5	39.1
	Ghana	156.4	67.6	55.0	49.4	48.5
	Guinea	109.7	90.3	80.2	66.9	41.5
	Guinea-Bissau	104.2	103.8	112.0	116.2	115.0
	Kenya	105.5	102.4	97.5	87.8	91.4
	Lesotho	113.6	67.2	92.0	105.8	106.4
	Liberia	n.a.	67.0	63.1	62.2	57.9
	Madagascar	106.7	101.3	92.8	63.9	57.9
	Malawi	147.5	89.7	68.0	61.9	60.5
	Mali	103.0	103.8	109.2	111.8	111.2
	Mauritius	99.3	90.2	86.7	82.9	76.8
	Mozambique	101.0	77.5	62.6	59.3	58.2
	Namibia	105.2	77.3	89.6	93.9	95.0
	Niger	103.4	104.5	111.4	114.7	114.0
	Rwanda	104.3	86.0	69.5	61.3	63.0
	São Tomé and Príncipe	106.7	85.1	72.6	63.7	59.4
	Senegal	102.5	103.7	109.1	111.5	111.2
	Seychelles	98.1	109.0	100.5	92.7	92.5
	Sierra Leone	124.0	100.1	78.4	62.7	58.3
	South Africa	107.4	68.4	89.8	103.1	105.3
	Swaziland	103.1	84.3	98.5	109.5	110.6
	Tanzania	104.6	89.6	73.8	65.8	63.0
	Togo	101.1	106.5	115.8	120.5	120.0
	Uganda	110.8	96.6	80.7	83.7	84.1
	Zambia	127.0	85.4	70.8	69.0	78.6
	Zimbabwe	152.1	92.5	18.1	1.0	0.3
Sub-Saharan Africa		114.7	76.7	80.2	80.4	78.8
	Excluding Nigeria and South Africa	118.3	81.2	71.4	64.8	61.1
CFA franc zone		103.2	104.1	110.8	114.0	113.4
	WAEMU	102.6	104.9	111.8	115.0	114.3
	CEMAC	104.2	103.0	109.5	112.7	112.2
SADC		116.7	64.7	73.6	76.7	74.8
COMESA		131.0	70.0	54.5	45.7	42.0
Resource intensive countries		125.9	84.6	76.2	71.9	70.2
	Oil	131.4	83.1	73.7	69.8	69.1
	Non-oil	108.5	91.5	88.9	82.5	74.2
Non-resource intensive countries		111.7	74.0	81.3	83.3	81.8
	Coastal	108.1	74.1	88.5	95.6	96.7
	Landlocked	124.0	73.9	59.4	50.4	45.1
MDRI		108.7	92.7	84.8	81.2	80.4
HIPC Initiative (completion point countries)		108.7	92.7	84.8	81.2	80.4
Fixed exchange rate regime		108.0	99.9	96.1	87.6	81.0
Floating exchange rate regime		116.7	71.3	76.1	77.9	77.4

Source: IMF, Information Notice System, August 30, 2006.

^¹An increase indicates appreciation.

Table SA22.

Nominal Effective Exchange Rates¹

(Index, 2000 = 100)

		1997-2001	2002	2003	2004	2005
Oil-exporting countries		131.4	83.1	73.7	69.8	69.1
	Angola	934.5	21.5	10.8	9.0	8.4
	Cameroon	103.8	103.7	108.6	110.8	110.1
	Chad	104.6	102.2	109.3	113.2	112.8
	Congo, Rep. of	104.5	105.1	112.8	116.6	116.2
	Cote d’Ivoire	102.5	105.4	112.2	115.0	113.6
	Equatorial Guinea	107.2	102.3	114.0	119.8	119.6
	Gabon	103.4	101.6	106.3	108.5	108.1
	Nigeria	141.7	87.0	74.2	67.9	68.0
Oil-importing countries		111.5	75.0	81.8	83.3	81.4
	Benin	105.2	103.1	112.1	117.0	116.4
	Botswana	100.1	108.5	112.4	105.1	99.0
	Burkina Faso	101.5	106.8	114.3	117.7	117.8
	Burundi	122.5	80.9	61.4	56.9	57.5
	Cape Verde	100.0	100.5	104.4	105.9	105.3
	Central African Republic	103.5	102.0	106.3	108.1	107.9
	Comoros	102.1	110.4	112.3	113.3	113.4
	Congo, Dem. Rep. of	525.0	4.6	3.6	3.2	2.6
	Eritrea	106.4	70.4	62.9	45.5	53.7
	Ethiopia	100.6	99.8	90.3	84.9	84.0
	Gambia, The	100.6	66.5	42.3	37.5	39.1
	Ghana	156.4	67.6	55.0	49.4	48.5
	Guinea	109.7	90.3	80.2	66.9	41.5
	Guinea-Bissau	104.2	103.8	112.0	116.2	115.0
	Kenya	105.5	102.4	97.5	87.8	91.4
	Lesotho	113.6	67.2	92.0	105.8	106.4
	Liberia	n.a.	67.0	63.1	62.2	57.9
	Madagascar	106.7	101.3	92.8	63.9	57.9
	Malawi	147.5	89.7	68.0	61.9	60.5
	Mali	103.0	103.8	109.2	111.8	111.2
	Mauritius	99.3	90.2	86.7	82.9	76.8
	Mozambique	101.0	77.5	62.6	59.3	58.2
	Namibia	105.2	77.3	89.6	93.9	95.0
	Niger	103.4	104.5	111.4	114.7	114.0
	Rwanda	104.3	86.0	69.5	61.3	63.0
	São Tomé and Príncipe	106.7	85.1	72.6	63.7	59.4
	Senegal	102.5	103.7	109.1	111.5	111.2
	Seychelles	98.1	109.0	100.5	92.7	92.5
	Sierra Leone	124.0	100.1	78.4	62.7	58.3
	South Africa	107.4	68.4	89.8	103.1	105.3
	Swaziland	103.1	84.3	98.5	109.5	110.6
	Tanzania	104.6	89.6	73.8	65.8	63.0
	Togo	101.1	106.5	115.8	120.5	120.0
	Uganda	110.8	96.6	80.7	83.7	84.1
	Zambia	127.0	85.4	70.8	69.0	78.6
	Zimbabwe	152.1	92.5	18.1	1.0	0.3
Sub-Saharan Africa		114.7	76.7	80.2	80.4	78.8
	Excluding Nigeria and South Africa	118.3	81.2	71.4	64.8	61.1
CFA franc zone		103.2	104.1	110.8	114.0	113.4
	WAEMU	102.6	104.9	111.8	115.0	114.3
	CEMAC	104.2	103.0	109.5	112.7	112.2
SADC		116.7	64.7	73.6	76.7	74.8
COMESA		131.0	70.0	54.5	45.7	42.0
Resource intensive countries		125.9	84.6	76.2	71.9	70.2
	Oil	131.4	83.1	73.7	69.8	69.1
	Non-oil	108.5	91.5	88.9	82.5	74.2
Non-resource intensive countries		111.7	74.0	81.3	83.3	81.8
	Coastal	108.1	74.1	88.5	95.6	96.7
	Landlocked	124.0	73.9	59.4	50.4	45.1
MDRI		108.7	92.7	84.8	81.2	80.4
HIPC Initiative (completion point countries)		108.7	92.7	84.8	81.2	80.4
Fixed exchange rate regime		108.0	99.9	96.1	87.6	81.0
Floating exchange rate regime		116.7	71.3	76.1	77.9	77.4

Source: IMF, Information Notice System, August 30, 2006.

^¹An increase indicates appreciation.

Table SA23.

External Debt to Official Creditors

(Percent of GDP)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA23.

External Debt to Official Creditors

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		70.0	61.8	56.4	51.0	28.1	14.4
	Angola	68.4	53.4	46.2	34.4	22.6	17.1
	Cameroon	68.4	47.5	44.7	42.0	34.7	2.8
	Chad	61.2	57.0	50.2	35.0	26.9	22.9
	Congo, Rep. of	186.3	162.4	170.6	188.9	71.2	59.3
	Côte d’Ivoire	72.5	71.1	72.0	70.2	59.9	59.3
	Equatorial Guinea	45.7	10.2	10.1	6.2	3.6	2.7
	Gabon	69.8	64.8	58.3	39.6	29.3	23.0
	Nigeria	64.8	60.5	53.1	50.0	21.7	3.1
Oil-importing countries		36.0	38.6	33.2	28.0	24.6	16.8
	Benin	69.0	66.3	54.4	49.7	47.7	23.9
	Botswana	10.2	7.5	5.3	4.5	4.0	3.7
	Burkina Faso	51.9	51.1	41.4	34.6	33.0	17.1
	Burundi	139.1	179.9	224.0	207.3	177.9	152.7
	Cape Verde	52.8	60.9	62.9	58.0	49.8	49.5
	Central African Republic	82.3	87.0	89.5	89.2	88.0	83.4
	Comoros	100.7	91.4	91.1	81.6	72.0	71.1
	Congo, Dem. Rep. of	261.8	192.4	184.7	164.3	155.9	62.4
	Eritrea	36.2	77.1	92.8	94.3	63.9	61.5
	Ethiopia	57.9	71.7	70.7	62.5	59.2	53.0
	Gambia, The	107.8	134.6	145.5	131.6	117.6	110.5
	Ghana	93.5	116.7	97.3	85.0	71.6	70.7
	Guinea	97.3	94.9	92.7	82.5	99.0	95.7
	Guinea-Bissau	374.3	417.6	386.9	378.7	332.0	317.2
	Kenya	38.0	35.1	31.7	29.5	25.6	21.5
	Lesotho	60.7	75.0	56.4	46.2	45.1	43.0
	Liberia	n.a.	100.4	188.4	163.5	125.8	91.2
	Madagascar	114.6	98.6	83.5	77.6	70.7	29.9
	Malawi	137.2	573.4	635.6	592.4	547.1	187.5
	Mali	99.1	90.2	63.8	66.8	63.5	23.5
	Mauritius	24.1	20.9	17.8	14.2	13.2	12.1
	Mozambique	101.7	88.1	83.0	73.8	69.6	70.9
	Namibia	2.8	4.5	5.4	5.3	5.5	6.1
	Niger	85.7	80.7	68.2	55.5	49.5	51.5
	Rwanda	67.3	85.3	93.4	91.7	70.7	15.1
	São Tomé and Príncipe	623.1	495.2	458.3	439.1	368.0	348.8
	Senegal	66.3	65.1	54.4	46.8	40.1	16.7
	Seychelles	21.1	39.7	35.0	39.4	43.9	43.2
	Sierra Leone	112.1	37.5	50.3	48.4	49.6	46.6
	South Africa	3.4	4.5	3.0	2.3	2.1	2.0
	Swaziland	17.6	24.7	18.5	21.3	20.4	19.9
	Tanzania	83.4	51.6	55.3	50.7	46.3	43.6
	Togo	83.8	93.6	89.5	79.5	72.9	65.4
	Uganda	57.4	62.1	63.1	63.1	44.4	41.6
	Zambia	197.9	182.4	154.8	114.3	56.8	4.4
	Zimbabwe	38.5	10.2	33.7	77.0	56.7	30.3
Sub-Saharan Africa		44.2	44.9	39.5	34.4	25.6	16.0
	Excluding Nigeria and South Africa	75.4	65.5	67.1	61.2	49.0	32.0
CFA franc zone		77.7	69.8	63.5	57.9	44.0	29.1
	WAEMU	75.4	73.7	65.2	60.6	53.8	39.8
	CEMAC	81.1	64.8	61.4	54.9	34.2	19.2
SADC		25.7	27.8	23.4	19.2	16.2	10.2
COMESA		74.2	62.5	72.6	67.1	52.0	28.1
Resource intensive countries		70.1	62.3	55.8	49.6	28.6	14.6
	Oil	70.0	61.8	56.4	51.0	28.1	14.4
	Non-oil	70.8	65.3	52.8	42.3	32.0	15.8
Non-resource intensive countries		33.5	36.6	31.6	26.8	24.0	16.9
	Coastal	21.6	24.2	18.3	14.7	13.2	11.0
	Landlocked	85.0	67.9	92.3	95.7	84.8	47.2
MDRI		82.1	76.7	68.8	61.4	51.7	32.3
HIPC Initiative (completion point countries)		82.1	76.7	68.8	61.4	51.7	32.3
Fixed exchange rate regime		61.6	44.3	51.4	50.0	38.7	26.4
Floating exchange rate regime		39.4	45.1	36.0	30.1	22.3	13.4

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA23.

External Debt to Official Creditors

(Percent of GDP)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		70.0	61.8	56.4	51.0	28.1	14.4
	Angola	68.4	53.4	46.2	34.4	22.6	17.1
	Cameroon	68.4	47.5	44.7	42.0	34.7	2.8
	Chad	61.2	57.0	50.2	35.0	26.9	22.9
	Congo, Rep. of	186.3	162.4	170.6	188.9	71.2	59.3
	Côte d’Ivoire	72.5	71.1	72.0	70.2	59.9	59.3
	Equatorial Guinea	45.7	10.2	10.1	6.2	3.6	2.7
	Gabon	69.8	64.8	58.3	39.6	29.3	23.0
	Nigeria	64.8	60.5	53.1	50.0	21.7	3.1
Oil-importing countries		36.0	38.6	33.2	28.0	24.6	16.8
	Benin	69.0	66.3	54.4	49.7	47.7	23.9
	Botswana	10.2	7.5	5.3	4.5	4.0	3.7
	Burkina Faso	51.9	51.1	41.4	34.6	33.0	17.1
	Burundi	139.1	179.9	224.0	207.3	177.9	152.7
	Cape Verde	52.8	60.9	62.9	58.0	49.8	49.5
	Central African Republic	82.3	87.0	89.5	89.2	88.0	83.4
	Comoros	100.7	91.4	91.1	81.6	72.0	71.1
	Congo, Dem. Rep. of	261.8	192.4	184.7	164.3	155.9	62.4
	Eritrea	36.2	77.1	92.8	94.3	63.9	61.5
	Ethiopia	57.9	71.7	70.7	62.5	59.2	53.0
	Gambia, The	107.8	134.6	145.5	131.6	117.6	110.5
	Ghana	93.5	116.7	97.3	85.0	71.6	70.7
	Guinea	97.3	94.9	92.7	82.5	99.0	95.7
	Guinea-Bissau	374.3	417.6	386.9	378.7	332.0	317.2
	Kenya	38.0	35.1	31.7	29.5	25.6	21.5
	Lesotho	60.7	75.0	56.4	46.2	45.1	43.0
	Liberia	n.a.	100.4	188.4	163.5	125.8	91.2
	Madagascar	114.6	98.6	83.5	77.6	70.7	29.9
	Malawi	137.2	573.4	635.6	592.4	547.1	187.5
	Mali	99.1	90.2	63.8	66.8	63.5	23.5
	Mauritius	24.1	20.9	17.8	14.2	13.2	12.1
	Mozambique	101.7	88.1	83.0	73.8	69.6	70.9
	Namibia	2.8	4.5	5.4	5.3	5.5	6.1
	Niger	85.7	80.7	68.2	55.5	49.5	51.5
	Rwanda	67.3	85.3	93.4	91.7	70.7	15.1
	São Tomé and Príncipe	623.1	495.2	458.3	439.1	368.0	348.8
	Senegal	66.3	65.1	54.4	46.8	40.1	16.7
	Seychelles	21.1	39.7	35.0	39.4	43.9	43.2
	Sierra Leone	112.1	37.5	50.3	48.4	49.6	46.6
	South Africa	3.4	4.5	3.0	2.3	2.1	2.0
	Swaziland	17.6	24.7	18.5	21.3	20.4	19.9
	Tanzania	83.4	51.6	55.3	50.7	46.3	43.6
	Togo	83.8	93.6	89.5	79.5	72.9	65.4
	Uganda	57.4	62.1	63.1	63.1	44.4	41.6
	Zambia	197.9	182.4	154.8	114.3	56.8	4.4
	Zimbabwe	38.5	10.2	33.7	77.0	56.7	30.3
Sub-Saharan Africa		44.2	44.9	39.5	34.4	25.6	16.0
	Excluding Nigeria and South Africa	75.4	65.5	67.1	61.2	49.0	32.0
CFA franc zone		77.7	69.8	63.5	57.9	44.0	29.1
	WAEMU	75.4	73.7	65.2	60.6	53.8	39.8
	CEMAC	81.1	64.8	61.4	54.9	34.2	19.2
SADC		25.7	27.8	23.4	19.2	16.2	10.2
COMESA		74.2	62.5	72.6	67.1	52.0	28.1
Resource intensive countries		70.1	62.3	55.8	49.6	28.6	14.6
	Oil	70.0	61.8	56.4	51.0	28.1	14.4
	Non-oil	70.8	65.3	52.8	42.3	32.0	15.8
Non-resource intensive countries		33.5	36.6	31.6	26.8	24.0	16.9
	Coastal	21.6	24.2	18.3	14.7	13.2	11.0
	Landlocked	85.0	67.9	92.3	95.7	84.8	47.2
MDRI		82.1	76.7	68.8	61.4	51.7	32.3
HIPC Initiative (completion point countries)		82.1	76.7	68.8	61.4	51.7	32.3
Fixed exchange rate regime		61.6	44.3	51.4	50.0	38.7	26.4
Floating exchange rate regime		39.4	45.1	36.0	30.1	22.3	13.4

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA24.

Terms of Trade

(Index, 2000 = 100)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA24.

Terms of Trade

(Index, 2000 = 100)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		85.1	96.7	98.2	106.5	136.2	167.8
	Angola	70.1	86.3	91.6	102.9	136.1	177.1
	Cameroon	89.6	99.8	99.0	97.7	115.1	128.6
	Chad	103.2	109.3	136.8	128.6	162.2	216.8
	Congo, Rep. of	74.3	103.7	112.3	118.5	132.5	153.5
	Côte d’Ivoire	118.6	136.1	124.8	99.9	94.5	91.5
	Equatorial Guinea	50.1	90.8	57.5	63.7	78.8	97.0
	Gabon	93.7	87.8	109.8	124.1	135.1	165.9
	Nigeria	74.5	89.1	91.3	110.0	151.8	189.6
Oil-importing countries		105.3	98.5	99.5	99.9	97.8	99.4
	Benin	111.9	94.2	97.4	116.3	95.3	128.9
	Botswana	103.0	81.5	76.4	74.1	65.1	54.6
	Burkina Faso	112.0	91.7	102.7	107.2	80.9	79.5
	Burundi	108.4	79.5	78.4	100.4	111.4	107.7
	Cape Verde	83.5	88.6	85.7	93.4	107.4	112.7
	Central African Republic	100.9	83.4	85.6	72.2	72.2	72.6
	Comoros	79.5	163.1	284.3	186.5	103.6	95.0
	Congo, Dem. Rep. of	104.2	107.8	124.6	129.1	143.8	151.3
	Eritrea	101.4	100.0	81.5	74.4	67.6	66.0
	Ethiopia	136.1	87.1	81.6	72.0	81.4	77.0
	Gambia, The	115.7	70.7	118.9	113.3	95.9	106.2
	Ghana	119.3	102.2	117.4	108.0	94.7	90.7
	Guinea	109.8	104.0	102.4	84.5	74.5	73.0
	Guinea-Bissau	88.5	79.2	74.4	67.9	74.6	74.7
	Kenya	102.1	101.7	84.0	78.3	72.3	67.9
	Lesotho	96.6	107.9	107.1	107.2	103.0	99.6
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	100.6	107.3	118.0	99.7	66.1	61.5
	Malawi	108.4	82.6	79.1	77.2	64.8	64.0
	Mali	114.5	97.4	96.5	96.6	89.9	99.8
	Mauritius	104.5	101.1	100.1	97.1	93.0	90.9
	Mozambique	97.9	93.9	92.0	103.8	113.8	144.6
	Namibia	89.5	106.8	81.1	93.5	95.6	107.7
	Niger	109.7	111.6	108.7	115.4	111.6	106.3
	Rwanda	99.5	47.3	48.9	58.5	65.8	61.7
	São Tomé and Príncipe	62.4	52.8	50.6	37.1	35.0	29.8
	Senegal	101.4	104.4	101.4	101.6	96.8	98.0
	Seychelles	123.4	122.0	149.7	150.9	113.6	126.7
	Sierra Leone	110.9	102.3	100.4	95.7	102.3	90.1
	South Africa	104.4	103.4	104.9	105.7	105.8	106.9
	Swaziland	99.4	99.0	99.7	111.2	119.2	123.3
	Tanzania	90.0	69.2	65.3	60.0	53.9	53.1
	Togo	115.5	107.1	113.6	97.2	94.2	93.2
	Uganda	115.8	83.0	75.5	72.0	50.6	50.7
	Zambia	107.3	92.9	96.7	116.3	122.4	144.1
	Zimbabwe	98.2	96.3	92.1	86.5	82.4	84.8
Sub-Saharan Africa		100.6	98.0	99.2	101.7	109.6	121.4
	Excluding Nigeria and South Africa	103.5	97.0	96.6	95.3	99.1	112.5
CFA franc zone		103.3	106.5	106.4	103.4	107.1	120.7
	WAEMU	113.2	113.9	110.1	103.0	94.0	96.6
	CEMAC	89.1	97.1	101.8	103.8	120.4	143.1
SADC		101.8	98.5	100.3	102.6	106.0	114.3
COMESA		103.9	95.1	92.5	93.3	100.9	117.8
Resource intensive countries		88.3	96.3	96.4	103.9	129.8	158.2
	Oil	85.1	96.7	98.2	106.5	136.2	167.8
	Non-oil	102.8	93.9	86.7	89.5	89.1	99.5
Non-resource intensive countries		105.5	98.8	100.5	100.7	98.4	99.4
	Coastal	104.0	100.9	102.2	102.2	100.2	101.4
	Landlocked	112.2	93.5	92.7	92.2	88.4	89.3
MDRI		107.1	91.6	93.4	92.6	89.1	96.6
HIPC Initiative (completion point countries)		107.1	91.6	93.4	92.6	89.1	96.6
Fixed exchange rate regime		101.8	101.8	101.7	100.1	102.2	112.2
Floating exchange rate regime		100.3	96.5	98.4	102.2	111.5	123.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA24.

Terms of Trade

(Index, 2000 = 100)

		1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries		85.1	96.7	98.2	106.5	136.2	167.8
	Angola	70.1	86.3	91.6	102.9	136.1	177.1
	Cameroon	89.6	99.8	99.0	97.7	115.1	128.6
	Chad	103.2	109.3	136.8	128.6	162.2	216.8
	Congo, Rep. of	74.3	103.7	112.3	118.5	132.5	153.5
	Côte d’Ivoire	118.6	136.1	124.8	99.9	94.5	91.5
	Equatorial Guinea	50.1	90.8	57.5	63.7	78.8	97.0
	Gabon	93.7	87.8	109.8	124.1	135.1	165.9
	Nigeria	74.5	89.1	91.3	110.0	151.8	189.6
Oil-importing countries		105.3	98.5	99.5	99.9	97.8	99.4
	Benin	111.9	94.2	97.4	116.3	95.3	128.9
	Botswana	103.0	81.5	76.4	74.1	65.1	54.6
	Burkina Faso	112.0	91.7	102.7	107.2	80.9	79.5
	Burundi	108.4	79.5	78.4	100.4	111.4	107.7
	Cape Verde	83.5	88.6	85.7	93.4	107.4	112.7
	Central African Republic	100.9	83.4	85.6	72.2	72.2	72.6
	Comoros	79.5	163.1	284.3	186.5	103.6	95.0
	Congo, Dem. Rep. of	104.2	107.8	124.6	129.1	143.8	151.3
	Eritrea	101.4	100.0	81.5	74.4	67.6	66.0
	Ethiopia	136.1	87.1	81.6	72.0	81.4	77.0
	Gambia, The	115.7	70.7	118.9	113.3	95.9	106.2
	Ghana	119.3	102.2	117.4	108.0	94.7	90.7
	Guinea	109.8	104.0	102.4	84.5	74.5	73.0
	Guinea-Bissau	88.5	79.2	74.4	67.9	74.6	74.7
	Kenya	102.1	101.7	84.0	78.3	72.3	67.9
	Lesotho	96.6	107.9	107.1	107.2	103.0	99.6
	Liberia	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
	Madagascar	100.6	107.3	118.0	99.7	66.1	61.5
	Malawi	108.4	82.6	79.1	77.2	64.8	64.0
	Mali	114.5	97.4	96.5	96.6	89.9	99.8
	Mauritius	104.5	101.1	100.1	97.1	93.0	90.9
	Mozambique	97.9	93.9	92.0	103.8	113.8	144.6
	Namibia	89.5	106.8	81.1	93.5	95.6	107.7
	Niger	109.7	111.6	108.7	115.4	111.6	106.3
	Rwanda	99.5	47.3	48.9	58.5	65.8	61.7
	São Tomé and Príncipe	62.4	52.8	50.6	37.1	35.0	29.8
	Senegal	101.4	104.4	101.4	101.6	96.8	98.0
	Seychelles	123.4	122.0	149.7	150.9	113.6	126.7
	Sierra Leone	110.9	102.3	100.4	95.7	102.3	90.1
	South Africa	104.4	103.4	104.9	105.7	105.8	106.9
	Swaziland	99.4	99.0	99.7	111.2	119.2	123.3
	Tanzania	90.0	69.2	65.3	60.0	53.9	53.1
	Togo	115.5	107.1	113.6	97.2	94.2	93.2
	Uganda	115.8	83.0	75.5	72.0	50.6	50.7
	Zambia	107.3	92.9	96.7	116.3	122.4	144.1
	Zimbabwe	98.2	96.3	92.1	86.5	82.4	84.8
Sub-Saharan Africa		100.6	98.0	99.2	101.7	109.6	121.4
	Excluding Nigeria and South Africa	103.5	97.0	96.6	95.3	99.1	112.5
CFA franc zone		103.3	106.5	106.4	103.4	107.1	120.7
	WAEMU	113.2	113.9	110.1	103.0	94.0	96.6
	CEMAC	89.1	97.1	101.8	103.8	120.4	143.1
SADC		101.8	98.5	100.3	102.6	106.0	114.3
COMESA		103.9	95.1	92.5	93.3	100.9	117.8
Resource intensive countries		88.3	96.3	96.4	103.9	129.8	158.2
	Oil	85.1	96.7	98.2	106.5	136.2	167.8
	Non-oil	102.8	93.9	86.7	89.5	89.1	99.5
Non-resource intensive countries		105.5	98.8	100.5	100.7	98.4	99.4
	Coastal	104.0	100.9	102.2	102.2	100.2	101.4
	Landlocked	112.2	93.5	92.7	92.2	88.4	89.3
MDRI		107.1	91.6	93.4	92.6	89.1	96.6
HIPC Initiative (completion point countries)		107.1	91.6	93.4	92.6	89.1	96.6
Fixed exchange rate regime		101.8	101.8	101.7	100.1	102.2	112.2
Floating exchange rate regime		100.3	96.5	98.4	102.2	111.5	123.8

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA25.

Reserves

(Months of imports of goods and services)

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA25.

Reserves

(Months of imports of goods and services)

			1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries			3.9	3.3	2.6	4.7	6.3	9.4
		Angola	1.3	0.6	0.9	1.6	2.7	5.2
		Cameroon	0.5	2.7	2.4	2.5	3.0	3.2
		Chad	2.6	1.2	1.4	1.2	1.4	1.6
		Congo, Rep. of	0.7	0.7	0.2	0.6	0.5	0.3
		Côte d’Ivoire	2.4	5.8	3.3	3.3	2.8	2.4
		Equatorial Guinea	0.2	0.9	1.2	4.1	7.9	12.2
		Gabon	0.7	1.0	1.3	2.3	3.9	5.6
		Nigeria	6.8	4.6	3.6	7.6	10.1	15.4
Oil-importing countries			3.6	4.1	3.8	3.9	4.0	4.0
	Excluding South Africa		4.8	5.6	5.5	5.1	4.8	4.6
		Benin	7.2	9.5	9.1	7.1	9.1	9.5
		Botswana	30.7	30.3	23.0	18.4	20.8	22.7
		Burkina Faso	5.2	5.1	9.8	6.9	4.4	4.3
		Burundi	4.9	5.0	4.9	3.5	2.9	2.4
		Cape Verde	1.0	2.3	2.0	2.6	3.6	3.7
		Central African Republic	7.0	6.9	7.6	7.4	7.8	7.1
		Comoros	7.3	12.4	11.0	10.5	9.3	8.7
		Congo, Dem. Rep. of	1.2	1.0	0.9	1.3	0.8	1.0
		Eritrea	1.5	0.8	0.5	0.8	0.8	0.8
		Ethiopia	3.1	5.2	4.9	5.7	4.1	2.2
		Gambia, The	5.8	6.4	3.6	3.7	3.4	3.2
		Ghana	1.4	1.8	3.8	3.7	3.2	3.1
		Guinea	2.8	2.2	1.9	1.4	1.9	2.1
		Guinea-Bissau	5.5	11.8	3.8	6.9	6.7	7.0
		Kenya	2.8	3.8	4.2	3.3	3.1	3.5
		Lesotho	7.0	5.6	4.9	4.3	5.0	5.3
		Liberia	n.a.	0.2	0.2	0.3	0.4	0.6
		Madagascar	2.6	4.2	2.8	2.9	2.9	2.9
		Malawi	3.8	2.2	1.7	1.7	1.8	2.6
		Mali	4.7	6.7	7.8	6.4	6.8	6.6
		Mauritius	3.3	5.6	6.4	5.9	4.7	4.0
		Mozambique	6.0	4.9	5.3	5.9	4.6	4.0
		Namibia	1.7	2.6	2.0	1.7	1.7	1.8
		Niger	1.7	3.1	4.6	3.6	3.5	4.3
		Rwanda	4.8	6.9	5.6	7.2	7.5	5.0
		São Tomé and Príncipe	3.7	4.6	5.7	4.2	9.8	8.9
		Senegal	2.8	3.7	5.0	5.2	4.7	4.1
		Seychelles	0.8	1.4	1.4	0.7	0.8	0.9
		Sierra Leone	3.0	3.0	2.0	3.7	3.7	3.0
		South Africa	2.1	2.3	1.9	2.7	3.3	3.5
		Swaziland	3.0	2.9	2.0	1.6	1.4	1.4
		Tanzania	4.6	8.3	10.1	9.3	7.9	6.7
		Togo	2.4	3.4	2.6	4.0	3.4	3.0
		Uganda	6.9	7.2	7.8	8.3	8.1	7.0
		Zambia	1.3	4.1	1.7	1.9	2.0	2.1
		Zimbabwe	0.9	0.5	0.5	0.9	0.4	0.4
Sub-Saharan Africa			3.7	3.8	3.4	4.2	4.8	5.9
		Excluding Nigeria and South Africa	3.7	4.4	4.2	4.1	4.1	4.6
CFA franc zone			2.2	3.5	3.4	3.6	3.9	4.3
		WAEMU	3.3	5.4	5.1	4.7	4.2	3.9
		CEMAC	0.9	1.6	1.5	2.3	3.6	4.7
	SADC		3.5	3.6	3.1	3.4	3.8	4.2
	COMESA		2.4	2.9	2.8	2.9	2.9	3.6
Resource intensive countries			5.3	4.5	3.5	5.2	6.6	9.3
		Oil	3.9	3.3	2.6	4.7	6.3	9.4
		Non-oil	12.0	12.1	9.3	8.1	8.6	9.0
Non-resource intensive countries			2.7	3.3	3.3	3.5	3.6	3.6
		Coastal	2.5	3.1	3.0	3.4	3.6	3.7
		Landlocked	3.5	3.9	4.2	4.0	3.7	3.2
MDRI			3.2	4.7	5.3	5.1	4.6	4.1
HIPC Initiative (completion point countries)			3.2	4.7	5.3	5.1	4.6	4.1
Fixed exchange rate regime			4.8	5.3	4.7	4.4	4.8	5.3
Floating exchange rate regime			3.3	3.3	2.9	4.1	4.8	6.1

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

Table SA25.

Reserves

(Months of imports of goods and services)

			1997-2001	2002	2003	2004	2005	2006
Oil-exporting countries			3.9	3.3	2.6	4.7	6.3	9.4
		Angola	1.3	0.6	0.9	1.6	2.7	5.2
		Cameroon	0.5	2.7	2.4	2.5	3.0	3.2
		Chad	2.6	1.2	1.4	1.2	1.4	1.6
		Congo, Rep. of	0.7	0.7	0.2	0.6	0.5	0.3
		Côte d’Ivoire	2.4	5.8	3.3	3.3	2.8	2.4
		Equatorial Guinea	0.2	0.9	1.2	4.1	7.9	12.2
		Gabon	0.7	1.0	1.3	2.3	3.9	5.6
		Nigeria	6.8	4.6	3.6	7.6	10.1	15.4
Oil-importing countries			3.6	4.1	3.8	3.9	4.0	4.0
	Excluding South Africa		4.8	5.6	5.5	5.1	4.8	4.6
		Benin	7.2	9.5	9.1	7.1	9.1	9.5
		Botswana	30.7	30.3	23.0	18.4	20.8	22.7
		Burkina Faso	5.2	5.1	9.8	6.9	4.4	4.3
		Burundi	4.9	5.0	4.9	3.5	2.9	2.4
		Cape Verde	1.0	2.3	2.0	2.6	3.6	3.7
		Central African Republic	7.0	6.9	7.6	7.4	7.8	7.1
		Comoros	7.3	12.4	11.0	10.5	9.3	8.7
		Congo, Dem. Rep. of	1.2	1.0	0.9	1.3	0.8	1.0
		Eritrea	1.5	0.8	0.5	0.8	0.8	0.8
		Ethiopia	3.1	5.2	4.9	5.7	4.1	2.2
		Gambia, The	5.8	6.4	3.6	3.7	3.4	3.2
		Ghana	1.4	1.8	3.8	3.7	3.2	3.1
		Guinea	2.8	2.2	1.9	1.4	1.9	2.1
		Guinea-Bissau	5.5	11.8	3.8	6.9	6.7	7.0
		Kenya	2.8	3.8	4.2	3.3	3.1	3.5
		Lesotho	7.0	5.6	4.9	4.3	5.0	5.3
		Liberia	n.a.	0.2	0.2	0.3	0.4	0.6
		Madagascar	2.6	4.2	2.8	2.9	2.9	2.9
		Malawi	3.8	2.2	1.7	1.7	1.8	2.6
		Mali	4.7	6.7	7.8	6.4	6.8	6.6
		Mauritius	3.3	5.6	6.4	5.9	4.7	4.0
		Mozambique	6.0	4.9	5.3	5.9	4.6	4.0
		Namibia	1.7	2.6	2.0	1.7	1.7	1.8
		Niger	1.7	3.1	4.6	3.6	3.5	4.3
		Rwanda	4.8	6.9	5.6	7.2	7.5	5.0
		São Tomé and Príncipe	3.7	4.6	5.7	4.2	9.8	8.9
		Senegal	2.8	3.7	5.0	5.2	4.7	4.1
		Seychelles	0.8	1.4	1.4	0.7	0.8	0.9
		Sierra Leone	3.0	3.0	2.0	3.7	3.7	3.0
		South Africa	2.1	2.3	1.9	2.7	3.3	3.5
		Swaziland	3.0	2.9	2.0	1.6	1.4	1.4
		Tanzania	4.6	8.3	10.1	9.3	7.9	6.7
		Togo	2.4	3.4	2.6	4.0	3.4	3.0
		Uganda	6.9	7.2	7.8	8.3	8.1	7.0
		Zambia	1.3	4.1	1.7	1.9	2.0	2.1
		Zimbabwe	0.9	0.5	0.5	0.9	0.4	0.4
Sub-Saharan Africa			3.7	3.8	3.4	4.2	4.8	5.9
		Excluding Nigeria and South Africa	3.7	4.4	4.2	4.1	4.1	4.6
CFA franc zone			2.2	3.5	3.4	3.6	3.9	4.3
		WAEMU	3.3	5.4	5.1	4.7	4.2	3.9
		CEMAC	0.9	1.6	1.5	2.3	3.6	4.7
	SADC		3.5	3.6	3.1	3.4	3.8	4.2
	COMESA		2.4	2.9	2.8	2.9	2.9	3.6
Resource intensive countries			5.3	4.5	3.5	5.2	6.6	9.3
		Oil	3.9	3.3	2.6	4.7	6.3	9.4
		Non-oil	12.0	12.1	9.3	8.1	8.6	9.0
Non-resource intensive countries			2.7	3.3	3.3	3.5	3.6	3.6
		Coastal	2.5	3.1	3.0	3.4	3.6	3.7
		Landlocked	3.5	3.9	4.2	4.0	3.7	3.2
MDRI			3.2	4.7	5.3	5.1	4.6	4.1
HIPC Initiative (completion point countries)			3.2	4.7	5.3	5.1	4.6	4.1
Fixed exchange rate regime			4.8	5.3	4.7	4.4	4.8	5.3
Floating exchange rate regime			3.3	3.3	2.9	4.1	4.8	6.1

Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

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