Chapter

Statistical Appendix

Author(s):
International Monetary Fund. African Dept.
Published Date:
May 2006
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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 SA12, 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 SA34, SA6, SA812, SA1420, and SA2325, 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/
Resource IntensiveNon-Resource Intensive
OilNon-oilCoastalLandlocked
AngolaBotswanaBenin *Burkina Faso *
Cameroon *GuineaCape VerdeBurundi
ChadNamibiaComorosCentral African Republic
Côte d’IvoireSão Tomé and PríncipeGambia, TheCongo, Dem. Rep. of
Congo, Rep. ofSierra LeoneGhana *Ethiopia *
Equatorial GuineaZambia *Guinea-BissauLesotho
GabonKenyaMalawi
NigeriaMadagascar *Mali *
MauritiusNiger *
Mozambique *Rwanda *
Senegal *Swaziland
SeychellesUganda *
South AfricaZimbabwe
Tanzania *
Togo

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.

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

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.

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)
1997-2001200220032004200520062007
Oil-exporting countries4.24.27.78.37.85.610.1
Angola3.014.53.311.220.614.331.4
Cameroon4.64.04.03.72.64.24.3
Chad4.58.514.731.312.20.12.5
Congo, Rep. of2.44.60.83.67.97.42.1
Côte d’Ivoire1.7–1.4–1.51.81.91.93.0
Equatorial Guinea57.721.314.132.46.0–1.09.4
Gabon0.1–0.32.41.42.92.22.5
Nigeria2.71.510.76.06.95.26.4
Oil-importing countries2.83.33.04.95.04.54.6
Benin5.24.53.93.12.94.55.1
Botswana8.25.66.36.06.24.24.3
Burkina Faso5.95.27.94.07.15.65.8
Burundi1.14.4–1.24.80.96.16.6
Cape Verde8.35.34.74.45.85.56.0
Central African Republic3.4–0.6–7.61.32.23.23.8
Comoros2.44.12.5–0.24.21.23.0
Congo, Dem. Rep. of–4.13.55.86.66.56.57.2
Eritrea1.20.73.03.54.82.04.0
Ethiopia3.90.0–3.112.38.75.45.5
Gambia, The6.0–3.26.95.15.04.55.0
Ghana4.24.55.25.85.86.06.0
Guinea4.14.21.22.73.35.05.4
Guinea-Bissau–1.1–7.1–0.62.23.24.65.2
Kenya2.30.32.84.65.75.45.2
Lesotho0.93.63.22.71.31.61.4
Liberian.a.31.8–33.9–5.29.57.08.1
Madagascar4.6–12.79.85.34.64.75.6
Malawi1.62.13.95.12.18.45.6
Mali5.14.37.22.46.15.15.4
Mauritius5.42.03.64.53.43.43.4
Mozambique9.28.27.97.57.77.97.0
Namibia3.46.73.55.93.54.54.5
Niger3.73.05.3–0.67.03.54.2
Rwanda8.69.40.94.06.03.04.3
São Tomé and Príncipe2.64.14.03.83.85.55.5
Senegal4.60.76.75.65.54.05.3
Seychelles3.71.3–6.3–2.0–2.2–1.4–1.6
Sierra Leone–0.927.59.37.47.27.46.5
South Africa2.53.73.04.54.94.24.0
Swaziland2.82.92.42.11.91.21.0
Tanzania4.47.25.76.76.85.97.3
Togo1.04.11.93.00.84.24.5
Uganda5.56.94.45.76.05.56.0
Zambia2.43.35.15.45.16.06.0
Zimbabwe–2.4–4.4–10.4–3.8–6.5–5.1–4.7
Sub-Saharan Africa3.13.54.05.75.64.85.9
Excluding Nigeria and South Africa3.63.73.36.55.95.17.2
CFA franc zone5.63.94.97.64.73.24.7
WAEMU3.62.04.02.94.43.94.7
CEMAC8.56.46.113.14.92.44.7
SADC2.24.02.94.85.44.86.2
COMESA1.92.71.46.26.65.89.0
Resource intensive countries4.24.67.17.87.35.59.3
Oil4.24.27.78.37.85.610.1
Non-oil4.46.54.25.14.75.05.1
Non-resource intensive countries2.73.12.94.85.04.54.6
Coastal3.03.43.64.75.14.54.5
Landlocked1.72.30.85.24.94.24.6
MDRI4.93.64.26.26.15.35.7
HIPC Initiative (completion point countries)4.93.64.26.26.15.35.7
Fixed exchange rate regime4.12.92.85.83.42.53.6
Floating exchange rate regime2.83.64.35.66.25.36.4
Sources: IMF, African Department database, August 30, 2006; and World Economic Outlook (WEO) database, August 30,
Table SA2.Real Non-Oil GDP Growth(Percent)
1997-200120022003200420052006
Oil-exporting countries7.25.74.76.76.16.5
Angola8.83.17.810.0–1.47.4
Cameroon5.54.94.94.93.54.0
Chad4.16.96.0–0.517.93.5
Congo, Rep. of1.78.55.45.25.56.3
Côte d’Ivoire1.7–1.7–2.01.71.20.9
Equatorial Guinea12.88.513.211.99.916.2
Gabon2.90.20.92.34.43.5
Nigeria3.78.04.47.48.27.0
Oil-importing countries2.73.33.04.85.04.5
Benin5.24.53.93.12.94.5
Botswana5.77.27.03.63.95.6
Burkina Faso5.95.27.94.07.15.6
Burundi1.14.4–1.24.80.96.1
Cape Verde8.35.34.74.45.85.5
Central African Republic3.4–0.6–7.61.32.23.2
Comoros2.44.12.5–0.24.21.2
Congo, Dem. Rep. of–4.13.55.86.66.56.5
Eritrea1.20.63.92.04.82.0
Ethiopia3.90.0–3.112.38.75.4
Gambia, The6.0–3.26.95.15.04.5
Ghana4.24.55.25.85.86.0
Guinea4.14.21.22.73.35.0
Guinea-Bissau1.5–7.1–0.62.23.24.6
Kenya2.30.32.84.65.75.4
Lesotho1.33.63.22.71.31.6
Liberian.a.31.8–33.9–5.29.57.0
Madagascar4.6–12.79.85.34.64.7
Malawi1.62.13.95.12.18.4
Mali5.14.37.22.26.46.7
Mauritius5.42.03.64.53.43.4
Mozambique9.28.27.97.57.77.9
Namibia3.46.73.55.93.54.5
Niger3.73.05.3–0.67.03.5
Rwanda8.69.40.94.06.03.0
São Tomé and Príncipe2.64.14.03.83.85.5
Senegal4.60.76.75.65.54.0
Seychelles3.71.3–6.3–2.0–2.2–1.4
Sierra Leone–0.927.59.37.47.27.4
South Africa2.53.73.04.54.94.2
Swaziland2.82.92.42.11.91.2
Tanzania4.47.25.76.76.85.9
Togo1.04.11.93.00.84.2
Uganda5.56.94.45.76.05.5
Zambia2.43.35.15.45.16.0
Zimbabwe–2.4–4.4–10.4–3.8–6.5–5.1
Sub-Saharan Africa4.33.83.45.25.25.0
Excluding Nigeria and South Africa5.63.03.45.34.85.1
CFA franc zone5.93.24.53.95.65.0
WAEMU3.61.93.82.84.33.9
CEMAC7.85.05.45.17.06.4
SADC2.43.53.14.74.24.4
COMESA2.41.51.96.04.04.8
Resource intensive countries6.85.94.66.35.86.3
Oil7.25.74.76.76.16.5
Non-oil3.86.94.44.44.15.4
Non-resource intensive countries2.73.12.94.85.04.5
Coastal3.03.43.64.75.14.5
Landlocked1.72.30.85.24.94.3
MDRI6.63.74.36.36.25.4
HIPC Initiative (completion point countries)6.63.74.36.36.25.4
Fixed exchange rate regime4.12.52.63.03.93.9
Floating exchange rate regime3.14.13.65.85.65.2
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA3.Real Per Capita GDP Growth(Percent)
1997-200120022003200420052006
Oil-exporting countries1.21.34.75.55.13.0
Angola0.111.30.48.017.211.0
Cameroon1.8–0.21.20.9–0.21.4
Chad2.05.84.828.19.5–2.4
Congo, Rep. of–0.51.6–2.00.74.84.4
Côte d’Ivoire–0.6–3.0–3.00.20.00.4
Equatorial Guinea46.117.910.828.63.0–3.8
Gabon–2.3–2.7–0.1–1.10.4–0.3
Nigeria–0.1–1.27.73.24.32.6
Oil-importing countries0.81.51.33.23.32.8
Benin2.3–1.11.10.30.11.6
Botswana6.85.16.16.16.64.8
Burkina Faso3.31.14.50.94.63.2
Burundi–1.00.7–4.02.8–1.14.0
Cape Verde5.83.42.82.53.83.5
Central African Republic1.4–2.5–9.4–0.70.21.2
Comoros0.82.00.3–2.32.1–0.8
Congo, Dem. Rep. of–6.70.52.73.53.43.4
Eritrea–1.5–1.80.51.02.3–0.4
Ethiopia0.8–2.7–5.79.25.82.5
Gambia, The2.4–5.74.22.42.31.9
Ghana1.61.92.63.23.23.3
Guinea1.41.1–2.30.10.22.0
Guinea-Bissau–5.8–9.9–3.6–0.80.21.6
Kenya0.0–1.80.72.53.73.6
Lesotho–0.71.70.90.9–0.5–0.2
Liberian.a.29.9–34.3–5.78.14.5
Madagascar1.5–15.26.72.31.71.9
Malawi–1.0–1.71.62.80.16.3
Mali2.61.94.80.13.82.7
Mauritius4.31.02.63.52.42.4
Mozambique6.96.05.95.65.25.5
Namibia0.75.32.44.92.73.6
Niger0.4–0.12.2–3.63.80.4
Rwanda3.27.1–1.91.23.20.2
São Tomé and Príncipe0.42.01.92.01.83.4
Senegal2.1–1.74.13.13.01.6
Seychelles3.5–0.7–8.1–2.9–2.3–3.3
Sierra Leone–3.524.26.54.64.54.7
South Africa1.02.51.93.53.93.0
Swaziland0.61.11.31.51.71.1
Tanzania1.95.13.64.44.54.0
Togo–2.11.0–1.2–0.2–2.31.0
Uganda2.33.40.92.12.31.8
Zambia0.20.92.72.92.63.5
Zimbabwe–2.0–4.1–11.3–3.6–6.5–5.1
Sub-Saharan Africa0.91.52.03.73.72.8
Excluding Nigeria and South Africa1.11.20.74.13.52.7
CFA franc zone2.60.81.94.92.10.7
WAEMU0.9–0.91.40.42.01.5
CEMAC5.02.92.410.12.2–0.3
SADC0.62.61.63.54.23.5
COMESA–0.40.3–1.03.84.13.3
Resource intensive countries1.41.94.35.24.83.1
Oil1.21.34.75.55.13.0
Non-oil2.14.62.43.53.23.5
Non-resource intensive countries0.81.31.23.23.42.7
Coastal1.21.92.23.33.73.1
Landlocked–0.6–0.2–1.82.72.31.7
MDRI2.10.61.53.43.32.6
HIPC Initiative (completion point countries)2.10.61.53.43.32.6
Fixed exchange rate regime1.90.60.43.81.40.5
Floating exchange rate regime0.71.72.43.74.33.4
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)
1997-200120022003200420052006
Oil-exporting countries467473492512537553
Angola6887647668289701,077
Cameroon646665673679677687
Chad194214224287315307
Congo, Rep. of1,1041,1371,1141,1211,1761,228
Côte d’Ivoire643594577578578580
Equatorial Guinea1,2832,4392,7043,4783,5813,444
Gabon4,5504,0994,0974,0524,0674,053
Nigeria356355382394411422
Oil-importing countries556566569582597609
Benin372386390391392398
Botswana3,6794,3194,5844,8655,1865,436
Burkina Faso229244255257269278
Burundi111108104107105110
Cape Verde1,1671,3381,3751,4091,4631,515
Central African Republic255248225223223226
Comoros375385387378386383
Congo, Dem. Rep. of927981848790
Eritrea178163164166170169
Ethiopia123126119130137141
Gambia, The309308321329336343
Ghana266280287296306316
Guinea389398389390390398
Guinea-Bissau171139134133133135
Kenya414410413424440455
Lesotho400401405408406405
Liberian.a.265174164178186
Madagascar247218233238242247
Malawi153141144148148157
Mali249268281281292300
Mauritius3,6313,9724,0774,2204,3234,428
Mozambique207247261276290306
Namibia1,7821,8971,9422,0372,0922,167
Niger173174177171177178
Rwanda236258253256264264
São Tomé and Príncipe312325331338344356
Senegal445455474489503511
Seychelles7,6617,7207,0916,8886,7326,513
Sierra Leone143190202212221231
South Africa2,9443,1103,1703,2803,4083,512
Swaziland1,3371,3591,3771,3971,4211,437
Tanzania266294304318332346
Togo276266262262256259
Uganda236255257263269274
Zambia313325334343352365
Zimbabwe733651577556520494
Sub-Saharan Africa529538546561579592
Excluding Nigeria and South Africa333340342353364373
CFA franc zone467474478491500505
WAEMU364358360362367372
CEMAC702739741783798802
SADC9329619709971,0311,060
COMESA279276273282294304
Resource intensive countries484496515535558575
Oil467473492512537553
Non-oil608660673694712729
Non-resource intensive countries552560562575589601
Coastal9699991,0141,0411,0721,098
Landlocked193187183186189191
MDRI250263268276284291
HIPC Initiative (completion point countries)250263268276284291
Fixed exchange rate regime567572570583590594
Floating exchange rate regime519529540555576591
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA5.Consumer Prices(Annual average percent change)
1997-2001200220032004200520062007
Oil-exporting countries19.918.716.912.613.38.06.4
Angola211.0108.998.343.623.012.98.3
Cameroon2.96.30.60.32.02.93.0
Chad3.55.2–1.8–5.47.98.63.0
Congo, Rep. of3.83.11.53.62.52.52.5
Côte d’Ivoire3.33.13.31.53.92.62.8
Equatorial Guinea5.07.67.94.36.24.84.1
Gabon1.70.22.10.40.01.81.2
Nigeria10.013.714.015.017.99.48.0
Oil-importing countries13.910.912.98.810.113.315.4
Benin3.62.41.50.95.43.02.5
Botswana7.78.09.36.98.611.36.0
Burkina Faso2.12.32.0–0.46.43.22.0
Burundi16.1–1.310.78.013.42.53.3
Cape Verde3.71.91.2–1.90.46.20.2
Central African Republic1.12.34.4–2.22.93.31.9
Comoros3.13.63.74.53.63.83.0
Congo, Dem. Rep. of284.125.312.84.021.410.08.9
Eritrea11.216.922.725.112.416.522.0
Ethiopia0.6–7.215.18.66.812.312.2
Gambia, The2.68.617.014.23.22.93.7
Ghana22.914.826.712.615.18.87.1
Guinea4.73.012.917.531.427.012.4
Guinea-Bissau13.43.3–3.50.83.42.22.2
Kenya8.02.09.811.610.313.01.6
Lesotho7.712.26.44.44.04.64.8
Liberian.a.14.210.33.66.98.07.5
Madagascar7.316.2–1.114.018.411.29.6
Malawi28.118.19.611.415.510.98.2
Mali1.35.0–1.3–3.16.41.92.5
Mauritius6.14.45.13.95.64.95.7
Mozambique8.213.512.66.410.17.45.7
Namibia8.411.37.24.12.45.15.0
Niger2.42.7–1.80.47.80.02.0
Rwanda4.72.07.412.09.25.55.0
São Tomé and Príncipe28.59.29.612.816.319.817.2
Senegal1.52.30.00.51.72.32.3
Seychelles4.40.23.23.91.0–0.41.8
Sierra Leone17.3–3.77.514.212.111.38.3
South Africa6.49.25.81.43.44.65.7
Swaziland7.211.77.43.44.85.05.9
Tanzania9.84.64.44.14.47.56.5
Togo2.43.1–0.90.46.83.02.7
Uganda4.8–2.05.75.08.06.77.0
Zambia24.722.221.418.018.39.28.6
Zimbabwe47.4133.2365.0350.0237.81,216.04,278.8
Sub-Saharan Africa15.112.513.89.610.812.013.2
Excluding Nigeria and South Africa24.215.020.615.215.318.720.5
Excluding Zimbabwe14.110.09.76.08.26.96.1
CFA franc zone2.74.01.30.24.33.12.7
WAEMU2.63.00.80.24.92.32.4
CEMAC2.95.22.00.33.54.02.9
SADC21.717.917.310.710.715.319.1
COMESA42.723.935.927.723.332.438.0
Resource intensive countries18.116.815.912.413.58.96.7
Oil19.918.716.912.613.38.06.4
Non-oil10.08.511.511.414.813.78.1
Non-resource intensive countries14.111.013.08.69.813.315.8
Coastal7.48.77.03.25.15.65.4
Landlocked36.618.233.526.925.540.454.4
MDRI7.04.58.86.08.26.96.4
HIPC Initiative (completion point countries)7.04.58.86.08.26.96.4
Fixed exchange rate regime10.118.224.720.618.533.746.4
Floating exchange rate regime16.511.111.37.19.17.56.8
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA6.Total Investment(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries21.822.521.919.817.918.4
Angola23.312.612.79.17.513.1
Cameroon18.119.818.318.919.621.5
Chad23.360.655.925.821.321.2
Congo, Rep. of25.123.425.724.222.422.3
Côte d’Ivoire12.610.110.110.810.710.6
Equatorial Guinea78.431.860.945.931.929.4
Gabon28.424.423.924.021.721.5
Nigeria23.126.223.922.420.920.0
Oil-importing countries17.614.317.519.119.419.9
Benin19.617.219.619.019.221.0
Botswana34.340.741.538.430.426.3
Burkina Faso20.217.516.718.918.118.1
Burundi6.26.410.613.310.816.1
Cape Verde34.335.831.036.837.938.7
Central African Republic9.69.06.06.18.88.3
Comoros12.011.010.39.49.311.9
Congo, Dem. Rep. of15.89.012.212.814.216.7
Eritrea29.326.323.421.319.018.8
Ethiopia20.623.622.721.326.325.8
Gambia, The19.821.019.227.426.024.1
Ghana24.019.722.928.429.030.0
Guinea19.013.410.211.313.915.3
Guinea-Bissau15.59.612.613.214.617.2
Kenya13.712.013.117.816.818.2
Lesotho46.143.043.930.427.131.7
Liberian.a.n.a.n.a.n.a.n.a.n.a.
Madagascar15.314.317.924.322.521.8
Malawi13.410.410.914.414.515.0
Mali21.918.621.120.722.423.5
Mauritius26.520.324.922.923.124.3
Mozambique28.229.827.422.620.525.2
Namibia22.419.729.825.525.626.0
Niger11.414.214.216.215.418.1
Rwanda16.416.918.420.522.321.9
São Tomé and Príncipe39.432.536.135.234.567.6
Senegal18.718.923.324.125.725.6
Seychelles32.525.710.114.721.122.4
Sierra Leone4.210.113.910.617.215.3
South Africa16.216.116.917.618.218.8
Swaziland19.819.818.018.719.017.9
Tanzania16.219.218.718.318.218.4
Togo14.018.218.818.819.720.8
Uganda18.319.420.522.522.623.2
Zambia17.422.025.624.323.023.5
Zimbabwe15.5–8.8–13.05.14.53.5
Sub-Saharan Africa18.616.518.719.319.019.4
Excluding Nigeria and South Africa19.614.318.820.019.019.7
CFA franc zone19.319.421.120.319.820.3
WAEMU16.014.816.216.917.417.9
CEMAC23.725.227.224.222.222.6
SADC17.813.317.018.017.718.4
COMESA17.97.913.817.116.417.8
Resource intensive countries22.223.023.121.018.919.2
Oil21.822.521.919.817.918.4
Non-oil24.125.929.427.424.923.8
Non-resource intensive countries17.113.416.618.419.019.5
Coastal17.016.717.718.619.019.6
Landlocked17.75.111.917.619.119.0
MDRI19.219.820.621.522.223.1
HIPC Initiative (completion point countries)19.219.820.621.522.223.1
Fixed exchange rate regime20.612.119.721.820.620.2
Floating exchange rate regime18.118.318.518.618.619.2
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA7.Domestic Saving(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries28.426.230.035.138.842.4
Angola24.423.919.225.132.040.5
Cameroon19.119.018.618.519.622.5
Chad5.3–40.421.626.136.640.8
Congo, Rep. of43.751.051.351.459.368.0
Côte d’Ivoire20.226.721.020.018.019.6
Equatorial Guinea61.380.781.686.585.487.7
Gabon49.843.548.152.858.466.2
Nigeria29.825.332.139.542.142.8
Oil-importing countries14.911.714.215.113.713.5
Benin7.83.36.76.79.210.0
Botswana47.452.250.749.847.444.2
Burkina Faso5.44.14.06.85.04.8
Burundi–3.3–9.7–8.7–11.0–23.1–21.1
Cape Verde–4.9–7.0–6.5–2.13.93.2
Central African Republic4.73.70.3–0.52.11.4
Comoros–7.8–4.0–5.8–10.6–12.9–12.8
Congo, Dem. Rep. of17.44.05.04.06.55.4
Eritrea–29.5–34.7–67.6–56.7–34.4–32.9
Ethiopia10.28.77.54.13.63.4
Gambia, The11.912.69.99.87.85.7
Ghana6.27.410.97.33.43.6
Guinea15.29.57.87.110.411.9
Guinea-Bissau–7.0–11.8–1.6–3.0–2.9–0.3
Kenya6.24.96.28.74.72.1
Lesotho–20.2–15.3–6.0–14.8–18.9–22.0
Liberian.a.n.a.n.a.n.a.n.a.n.a.
Madagascar8.47.78.99.28.58.1
Malawi2.7–11.0–11.7–9.9–10.3–8.1
Mali12.318.514.012.415.319.0
Mauritius24.224.725.823.418.718.9
Mozambique9.410.510.613.29.718.6
Namibia13.714.923.322.918.920.4
Niger3.55.34.95.04.05.5
Rwanda–0.60.0–0.82.21.8–0.9
São Tomé and Príncipe–16.4–18.0–19.0–22.0–24.9–24.7
Senegal11.68.511.111.49.98.6
Seychelles19.324.421.322.910.524.3
Sierra Leone–4.1–9.4–7.4–5.0–1.4–0.9
South Africa18.319.818.217.516.316.0
Swaziland2.119.517.615.111.811.5
Tanzania5.811.812.010.98.46.5
Togo0.34.03.41.61.03.7
Uganda7.64.96.39.39.27.1
Zambia6.48.713.121.920.125.1
Zimbabwe13.3–12.5–21.1–3.7–6.33.4
Sub-Saharan Africa18.315.718.520.721.422.8
Excluding Nigeria and South Africa14.910.714.818.019.422.4
CFA franc zone20.320.722.324.327.832.0
WAEMU13.015.013.012.611.812.9
CEMAC29.827.933.937.543.849.8
SADC17.814.316.818.117.619.2
COMESA11.63.17.312.914.618.4
Resource intensive countries27.525.929.634.237.340.4
Oil28.426.230.035.138.842.4
Non-oil23.224.127.629.227.627.9
Non-resource intensive countries14.210.813.114.012.612.3
Coastal15.616.316.015.814.113.8
Landlocked8.5–3.00.04.34.14.6
MDRI9.510.010.811.110.111.6
HIPC Initiative (completion point countries)9.510.010.811.110.111.6
Fixed exchange rate regime19.911.419.324.226.429.2
Floating exchange rate regime17.817.418.319.720.121.2
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA8.Overall Fiscal Balance, Including Grants(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries–3.1–2.9–1.44.17.815.4
Angola–14.4–6.2–6.4–0.56.84.6
Cameroon–0.20.71.2–0.53.545.7
Chad–4.9–6.0–6.4–3.0–0.4–0.7
Congo, Rep. of–6.9–8.10.43.915.921.6
Côte d’Ivoire–1.5–1.3–2.9–1.7–1.70.6
Equatorial Guinea5.011.5–1.79.922.325.8
Gabon0.73.57.47.49.412.3
Nigeria–2.8–4.2–1.37.79.517.7
Oil-importing countries–2.9–2.6–2.5–2.1–1.3–0.7
Benin0.2–2.3–1.9–1.0–0.9–2.8
Botswana2.3–3.6–1.20.66.83.1
Burkina Faso 1–3.1–4.8–2.9–4.3–4.916.9
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–2.9–5.0–4.0–1.70.1–1.2
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–2.8–4.4–6.1–4.9–0.81.0
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–3.8–4.40.88.84.22.7
Liberian.a.–1.30.6–0.10.30.7
Madagascar 1–3.8–6.2–4.8–5.7–4.338.7
Malawi–5.7–11.6–6.5–6.5–5.5–1.7
Mali 1–3.4–3.6–1.3–2.6–3.231.1
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–2.0–1.9–2.5–0.20.7–0.7
São Tomé and Príncipe–26.0–16.4–17.0–26.659.326.2
Senegal–0.60.0–1.3–3.1–3.0–4.9
Seychelles–10.6–18.73.7–0.51.1–2.7
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–2.8–0.42.40.9–0.8–3.2
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–2.9–2.7–2.2–0.41.54.5
Excluding Nigeria and South Africa–3.5–3.3–2.7–1.60.95.3
CFA franc zone–1.3–0.8–0.7–0.12.915.4
WAEMU–1.9–1.9–2.1–2.4–2.54.5
CEMAC–0.80.51.22.48.425.6
SADC–3.2–2.4–2.5–1.9–0.1–0.8
COMESA–5.2–4.5–4.3–2.6–0.30.8
Resource intensive countries–2.9–3.1–1.93.16.913.2
Oil–3.1–2.9–1.44.17.815.4
Non-oil–1.8–4.4–4.4–2.41.2–0.4
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–5.0–3.9–3.3–3.3–3.32.2
MDRI–3.0–3.4–2.7–2.7–1.78.6
HIPC Initiative (completion point countries)–3.0–3.4–2.7–2.7–1.78.6
Fixed exchange rate regime–2.2–1.9–1.0–0.62.311.5
Floating exchange rate regime–3.1–3.0–2.6–0.31.32.7

For 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.

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

For 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 SA9.Overall Fiscal Balance, Excluding Grants(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries–3.6–3.1–1.83.87.511.3
Angola–16.7–6.2–7.2–1.06.64.3
Cameroon–0.40.50.7–0.83.02.1
Chad–10.2–12.1–14.1–6.0–3.7–3.4
Congo, Rep. of–7.2–8.3–0.13.615.720.6
Côte d’Ivoire–2.0–1.8–3.5–2.6–2.8–1.2
Equatorial Guinea4.611.5–1.89.922.325.7
Gabon0.73.47.47.49.312.2
Nigeria–2.8–4.2–1.37.79.517.7
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
Botswana1.9–3.9–1.30.06.22.5
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–6.4–8.3–1.46.32.6–1.6
Liberian.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–47.6–43.6–49.5–58.832.0–5.6
Senegal–2.7–1.7–3.3–5.2–4.7–6.7
Seychelles–11.2–18.83.7–0.5–0.2–2.9
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–3.8–0.81.80.2–1.6–3.8
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–4.0–3.8–3.5–1.60.31.0
Excluding Nigeria and South Africa–5.9–5.2–5.5–4.5–2.0–2.2
CFA franc zone–3.1–2.3–2.4–1.71.32.3
WAEMU–4.3–3.9–4.5–4.9–5.0–5.5
CEMAC–1.6–0.30.21.87.69.7
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–3.6–3.8–2.62.56.39.3
Oil–3.6–3.1–1.83.87.511.3
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–3.7–2.9–2.3–2.10.91.3
Floating exchange rate regime–4.1–4.1–3.8–1.50.11.0
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA10.Government Revenue, Excluding Grants(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries22.224.122.525.928.232.2
Angola42.641.137.237.537.737.6
Cameroon15.216.216.015.217.218.1
Chad7.78.17.98.59.311.8
Congo, Rep. of26.927.229.132.239.441.2
Côte d’Ivoire17.617.816.817.517.118.8
Equatorial Guinea22.728.528.734.340.444.2
Gabon32.731.530.129.531.232.4
Nigeria19.822.921.026.728.034.4
Oil-importing countries20.819.921.222.323.523.6
Benin15.016.317.016.416.516.5
Botswana39.536.638.037.539.939.2
Burkina Faso11.811.412.112.812.313.4
Burundi17.220.321.120.118.819.0
Cape Verde20.322.621.322.924.125.1
Central African Republic8.910.87.78.18.18.7
Comoros12.216.415.815.615.714.2
Congo, Dem. Rep. of5.47.97.79.511.612.5
Eritrea32.824.032.327.120.524.3
Ethiopia14.916.616.416.616.017.9
Gambia, The17.816.315.720.919.821.5
Ghana17.617.920.823.823.923.5
Guinea11.112.010.510.413.013.5
Guinea-Bissau14.815.315.217.217.619.2
Kenya20.319.619.721.221.620.1
Lesotho43.040.241.748.447.953.9
Liberian.a.13.410.814.815.015.7
Madagascar10.68.010.312.010.911.7
Malawi16.917.722.023.225.524.3
Mali13.515.916.417.417.917.1
Mauritius19.518.320.119.919.719.8
Mozambique12.012.412.912.614.314.8
Namibia32.430.529.329.630.830.6
Niger8.910.69.911.19.511.2
Rwanda10.412.313.513.915.114.1
São Tomé and Príncipe14.423.325.628.4102.672.3
Senegal16.217.918.218.519.419.8
Seychelles42.640.050.049.852.251.0
Sierra Leone8.912.112.412.311.912.3
South Africa23.523.323.324.225.926.1
Swaziland28.525.425.329.831.930.1
Tanzania11.211.111.411.812.512.8
Togo13.512.316.516.214.615.0
Uganda11.312.212.212.612.813.1
Zambia19.017.918.018.217.716.8
Zimbabwe25.017.924.933.844.237.9
Sub-Saharan Africa21.221.021.523.325.026.4
Excluding Nigeria and South Africa19.319.220.121.323.124.1
CFA franc zone17.418.218.018.720.622.4
WAEMU15.316.016.016.516.317.2
CEMAC20.220.920.521.225.027.3
SADC23.622.623.724.826.727.1
COMESA20.720.021.723.525.225.7
Resource intensive countries23.024.323.126.028.231.4
Oil22.224.122.525.928.232.2
Non-oil26.625.326.426.628.026.2
Non-resource intensive countries20.319.520.822.023.223.4
Coastal21.520.921.622.724.124.2
Landlocked15.315.916.817.618.319.4
MDRI13.814.315.015.616.116.5
HIPC Initiative (completion point countries)13.814.315.015.616.116.5
Fixed exchange rate regime21.520.021.722.624.525.8
Floating exchange rate regime21.121.421.523.525.126.5
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA11.Government Expenditure(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries25.827.324.422.120.721.0
Angola59.447.344.338.531.233.2
Cameroon15.615.715.316.014.316.0
Chad17.920.222.014.413.015.2
Congo, Rep. of34.135.529.328.623.720.6
Côte d’Ivoire19.719.620.420.119.920.0
Equatorial Guinea18.117.030.524.418.118.5
Gabon31.928.022.822.121.820.2
Nigeria22.627.122.319.118.516.7
Oil-importing countries25.023.925.326.026.527.4
Benin17.719.520.620.119.621.5
Botswana37.640.439.337.533.736.8
Burkina Faso21.621.420.321.521.623.3
Burundi24.325.934.939.836.841.8
Cape Verde39.533.930.437.836.341.2
Central African Republic15.915.812.313.516.712.1
Comoros21.425.522.020.119.921.8
Congo, Dem. Rep. of10.511.014.416.319.923.4
Eritrea79.970.070.865.356.652.6
Ethiopia23.528.230.124.425.728.0
Gambia, The25.225.222.931.230.127.7
Ghana28.825.928.833.330.831.3
Guinea16.718.319.416.314.414.0
Guinea-Bissau37.132.738.549.438.146.9
Kenya22.123.523.422.625.325.5
Lesotho49.448.543.142.145.255.5
Liberian.a.14.710.915.215.417.3
Madagascar18.416.420.226.021.022.4
Malawi29.135.139.343.947.542.4
Mali21.623.222.124.025.225.7
Mauritius24.524.626.625.625.025.6
Mozambique25.830.026.524.423.128.7
Namibia35.834.235.934.634.934.4
Niger17.218.417.320.217.722.2
Rwanda19.621.324.126.128.528.1
São Tomé and Príncipe62.166.975.187.270.677.9
Senegal18.919.521.523.724.126.5
Seychelles53.858.746.350.352.453.8
Sierra Leone22.328.626.824.824.621.6
South Africa25.924.525.325.926.527.4
Swaziland29.830.929.433.736.837.0
Tanzania15.616.118.620.422.924.1
Togo17.413.114.616.016.218.8
Uganda20.024.523.123.821.821.5
Zambia29.631.330.926.725.023.4
Zimbabwe34.720.725.341.550.341.2
Sub-Saharan Africa25.324.825.024.924.725.4
Excluding Nigeria and South Africa25.124.425.625.825.126.4
CFA franc zone20.520.520.420.519.320.1
WAEMU19.719.920.421.421.322.7
CEMAC21.721.220.419.417.417.6
SADC27.525.727.027.427.628.7
COMESA28.226.028.829.228.629.5
Resource intensive countries26.628.125.823.521.922.1
Oil25.827.324.422.120.721.0
Non-oil30.732.533.231.029.228.8
Non-resource intensive countries24.623.324.725.626.327.3
Coastal24.923.724.825.626.127.1
Landlocked23.722.124.225.927.228.5
MDRI20.621.622.323.022.524.0
HIPC Initiative (completion point countries)20.621.622.323.022.524.0
Fixed exchange rate regime25.222.924.024.623.624.5
Floating exchange rate regime25.325.625.325.025.025.6
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA12.Broad Money(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries18.624.722.020.318.118.2
Angola19.021.617.316.415.116.2
Cameroon13.218.717.718.117.518.0
Chad11.713.611.58.17.29.0
Congo, Rep. of14.413.913.714.614.312.7
Côte d’Ivoire22.430.122.123.724.124.1
Equatorial Guinea6.56.89.58.57.57.7
Gabon13.615.915.515.316.819.7
Nigeria20.128.426.423.620.320.2
Oil-importing countries44.144.350.051.955.958.2
Benin27.829.129.426.529.829.8
Botswana25.225.326.827.926.526.5
Burkina Faso21.519.227.023.320.320.3
Burundi19.024.127.027.729.836.2
Cape Verde60.872.071.576.683.384.1
Central African Republic17.014.413.916.017.817.2
Comoros19.724.422.420.720.019.2
Congo, Dem. Rep. of6.24.75.98.38.18.1
Eritrea121.9148.4142.0127.1123.2119.2
Ethiopia34.442.443.340.341.841.8
Gambia, The32.143.545.845.146.648.4
Ghana24.831.132.033.431.432.0
Guinea10.312.615.016.517.016.2
Guinea-Bissau34.161.322.030.532.832.8
Kenya38.239.039.539.939.436.2
Lesotho32.129.128.027.427.427.1
Liberian.a.8.612.918.621.021.3
Madagascar20.926.225.125.921.621.3
Malawi15.518.320.522.021.221.0
Mali21.126.930.529.429.727.3
Mauritius75.981.082.484.888.588.7
Mozambique24.028.028.325.629.027.4
Namibia38.837.840.342.946.348.3
Niger8.29.012.214.913.713.9
Rwanda16.917.618.517.818.318.7
São Tomé and Príncipe32.240.050.047.157.755.8
Senegal22.826.232.334.434.334.2
Seychelles88.3104.8111.2110.4108.3115.6
Sierra Leone15.919.320.619.621.518.6
South Africa58.361.264.365.972.076.2
Swaziland24.220.720.621.622.326.2
Tanzania14.114.114.615.016.718.2
Togo24.323.526.729.929.029.9
Uganda15.618.820.219.618.518.4
Zambia20.122.321.822.418.017.0
Zimbabwe36.537.258.743.886.3104.7
Sub-Saharan Africa37.939.042.343.144.245.4
Excluding Nigeria and South Africa24.428.128.026.526.326.9
CFA franc zone18.221.621.120.920.220.1
WAEMU22.026.125.726.326.226.1
CEMAC13.215.915.314.714.114.6
SADC49.248.054.255.459.060.8
COMESA30.433.435.031.931.231.8
Resource intensive countries19.524.622.721.519.419.3
Oil18.624.722.020.318.118.2
Non-oil23.524.226.428.027.326.0
Non-resource intensive countries45.645.851.953.758.060.9
Coastal50.952.456.358.763.266.1
Landlocked23.129.131.425.828.834.1
MDRI20.423.925.225.124.724.7
HIPC Initiative (completion point countries)20.423.925.225.124.724.7
Fixed exchange rate regime23.228.227.824.925.728.4
Floating exchange rate regime42.043.346.748.049.049.8
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA13.Broad Money Growth(Percent)
1997-200120022003200420052006
Oil-exporting countries32.035.215.417.223.322.4
Angola270.9158.167.549.859.742.9
Cameroon13.629.5–0.97.34.211.0
Chad3.527.5–3.13.319.742.9
Congo, Rep. of10.513.1–2.417.434.59.1
Côte d’Ivoire6.030.8–26.69.57.45.3
Equatorial Guinea33.053.156.733.534.732.4
Gabon7.87.3–0.38.230.426.6
Nigeria29.321.624.114.016.517.0
Oil-importing countries17.029.922.115.819.520.9
Benin16.7–3.86.6–6.721.77.3
Botswana25.4–1.115.516.09.612.9
Burkina Faso5.62.954.0–7.2–3.78.9
Burundi13.527.023.316.726.535.2
Cape Verde10.914.38.610.515.513.6
Central African Republic–2.3–4.3–8.014.216.53.4
Comoros11.99.1–1.1–6.33.1–1.1
Congo, Dem. Rep. of264.630.248.360.025.914.9
Eritrea28.220.112.911.411.915.2
Ethiopia9.18.110.914.719.618.9
Gambia, The19.935.343.418.313.113.0
Ghana35.150.538.125.914.118.3
Guinea14.119.235.337.037.222.5
Guinea-Bissau36.824.2–65.344.019.98.2
Kenya5.410.011.513.49.111.2
Lesotho10.32.75.36.24.74.5
Liberian.a.36.88.349.335.726.1
Madagascar12.339.98.223.83.115.6
Malawi27.847.629.329.814.320.0
Mali9.128.425.5–2.49.52.0
Mauritius12.013.011.714.413.18.1
Mozambique29.421.518.75.927.110.7
Namibia10.824.39.616.214.014.4
Niger7.9–0.442.220.36.55.1
Rwanda14.711.415.212.117.210.7
São Tomé and Príncipe36.326.941.87.445.919.6
Senegal10.97.631.512.97.46.8
Seychelles16.411.15.31.1–3.14.9
Sierra Leone28.530.126.218.932.86.4
South Africa13.018.112.913.119.916.7
Swaziland10.413.114.110.410.524.3
Tanzania10.121.316.919.127.524.1
Togo4.4–2.111.418.31.411.0
Uganda19.010.223.39.08.712.4
Zambia32.131.523.430.20.414.6
Zimbabwe48.3164.8413.5222.6522.41,415.9
Sub-Saharan Africa20.531.320.216.220.621.4
Excluding Nigeria and South Africa25.442.925.820.022.727.0
CFA franc zone9.318.43.78.613.113.3
WAEMU8.115.44.46.27.26.1
CEMAC10.822.42.911.319.420.5
SADC23.640.824.918.725.226.1
COMESA40.967.548.331.732.141.1
Resource intensive countries29.931.916.018.021.721.2
Oil32.035.215.417.223.322.4
Non-oil20.415.619.422.012.014.5
Non-resource intensive countries16.831.022.415.320.021.5
Coastal13.118.214.013.518.515.8
Landlocked34.069.869.426.629.155.9
MDRI15.420.318.711.911.613.3
HIPC Initiative (completion point countries)15.420.318.711.911.613.3
Fixed exchange rate regime15.050.925.414.920.132.9
Floating exchange rate regime22.124.218.716.620.818.6
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)
1997-200120022003200420052006
Oil-exporting countries60.752.255.756.858.356.0
Angola20.822.932.235.234.730.3
Cameroon61.355.461.056.959.756.8
Chad51.942.053.849.348.437.2
Congo, Rep. of59.921.627.124.319.519.3
Côte d’Ivoire70.650.561.860.657.258.4
Equatorial Guinea56.048.829.727.831.638.6
Gabon80.583.175.563.354.246.0
Nigeria63.558.359.766.173.575.3
Oil-importing countries87.875.181.284.085.180.7
Benin31.739.449.255.054.356.6
Botswana55.969.665.666.364.964.8
Burkina Faso50.568.750.761.279.178.9
Burundi90.9110.794.284.761.070.3
Cape Verde52.348.050.950.347.547.6
Central African Republic35.047.151.250.042.143.9
Comoros44.432.336.135.033.530.8
Congo, Dem. Rep. of13.420.316.119.324.021.7
Eritrea36.925.126.628.429.830.1
Ethiopia50.942.735.534.545.752.0
Gambia, The36.339.035.626.828.027.0
Ghana53.748.148.949.258.960.2
Guinea49.741.741.432.534.831.2
Guinea-Bissau21.94.88.85.26.410.3
Kenya72.961.358.964.665.464.0
Lesotho57.223.325.726.332.637.3
Liberian.a.77.063.656.747.134.9
Madagascar43.536.135.439.546.449.9
Malawi35.426.626.929.430.728.4
Mali69.565.761.465.174.895.9
Mauritius73.273.869.967.465.866.1
Mozambique69.553.544.439.548.859.5
Namibia98.7121.3123.6128.2131.2133.4
Niger53.055.642.843.348.851.1
Rwanda55.460.760.559.560.362.9
São Tomé and Príncipe19.421.429.659.658.459.3
Senegal71.570.561.359.368.770.1
Seychelles19.219.426.031.637.439.9
Sierra Leone16.015.220.324.521.725.2
South Africa110.898.3103.7104.4104.197.2
Swaziland58.065.175.789.395.086.4
Tanzania30.936.142.252.051.554.8
Togo64.953.262.254.960.659.3
Uganda137.634.836.139.641.245.8
Zambia51.443.033.738.445.745.6
Zimbabwe87.271.784.863.931.324.4
Sub-Saharan Africa79.468.874.276.476.872.8
Excluding Nigeria and South Africa58.253.752.952.052.551.2
CFA franc zone62.256.056.854.455.154.8
WAEMU63.656.957.558.663.066.8
CEMAC63.054.855.949.747.143.6
SADC93.579.788.590.088.180.3
COMESA63.654.652.051.150.347.4
Resource intensive countries60.754.257.258.459.857.4
Oil60.752.255.756.858.356.0
Non-oil60.864.865.067.269.066.2
Non-resource intensive countries89.875.882.585.386.381.9
Coastal95.983.189.492.292.887.9
Landlocked63.257.550.646.349.451.0
MDRI59.348.847.749.555.558.3
HIPC Initiative (completion point countries)59.348.847.749.555.558.3
Fixed exchange rate regime64.963.363.460.059.357.8
Floating exchange rate regime85.871.177.480.981.476.7
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA15.Exports of Goods and Services(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries45.746.650.556.762.767.4
Angola75.273.569.669.772.674.2
Cameroon24.625.023.523.124.827.2
Chad17.412.724.851.054.857.8
Congo, Rep. of76.481.579.384.587.192.1
Côte d’Ivoire40.750.045.848.649.756.0
Equatorial Guinea100.0102.8100.3100.6101.997.6
Gabon59.353.355.260.363.474.3
Nigeria43.140.149.857.864.569.1
Oil-importing countries26.527.027.428.128.329.0
Benin15.113.513.714.212.711.7
Botswana50.147.844.245.752.851.3
Burkina Faso9.89.08.710.89.910.7
Burundi8.06.28.49.611.411.9
Cape Verde25.631.231.331.936.235.0
Central African Republic19.915.411.811.812.012.1
Comoros15.115.715.812.712.510.5
Congo, Dem. Rep. of22.221.226.130.331.631.4
Eritrea15.213.59.610.16.56.4
Ethiopia12.513.414.415.416.415.6
Gambia, The45.146.147.350.451.751.5
Ghana38.542.040.739.336.239.4
Guinea22.524.522.220.726.130.6
Guinea-Bissau24.129.830.030.937.639.1
Kenya21.824.723.726.527.323.9
Lesotho30.954.248.252.644.938.3
Liberian.a.38.433.929.627.228.8
Madagascar25.516.023.132.726.724.6
Malawi27.224.327.226.827.328.5
Mali24.331.926.024.625.629.9
Mauritius60.463.258.455.457.060.8
Mozambique17.929.028.230.933.340.1
Namibia45.443.337.339.735.138.4
Niger17.115.215.718.318.218.1
Rwanda7.47.78.310.310.710.5
São Tomé and Príncipe32.434.635.031.429.930.7
Senegal28.228.526.827.426.226.6
Seychelles71.177.795.597.7110.0124.7
Sierra Leone15.416.419.922.323.527.6
South Africa26.732.727.926.627.128.4
Swaziland79.794.986.1100.495.597.8
Tanzania14.415.316.720.422.224.2
Togo30.234.940.137.036.339.1
Uganda11.812.112.314.313.012.9
Zambia29.028.629.137.533.930.2
Zimbabwe33.56.517.642.642.826.1
Sub-Saharan Africa31.232.433.736.038.941.3
Excluding Nigeria and South Africa32.130.134.038.741.543.7
CFA franc zone34.537.536.140.043.347.7
WAEMU29.333.030.231.431.134.0
CEMAC41.443.343.449.755.560.4
SADC30.431.531.532.234.136.2
COMESA32.225.833.540.242.743.1
Resource intensive countries44.345.048.053.759.563.3
Oil45.746.650.556.762.767.4
Non-oil37.536.635.037.939.638.4
Non-resource intensive countries25.726.326.827.327.528.2
Coastal26.831.428.227.628.029.1
Landlocked21.013.620.425.524.523.4
MDRI20.421.421.723.623.424.6
HIPC Initiative (completion point countries)20.421.421.723.623.424.6
Fixed exchange rate regime36.929.636.342.345.047.3
Floating exchange rate regime29.733.533.034.337.339.8
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA16.Imports of Goods and Services(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries39.142.842.441.140.140.8
Angola74.162.263.153.748.046.8
Cameroon22.626.223.224.924.826.1
Chad35.4113.759.050.839.638.1
Congo, Rep. of57.853.953.757.350.246.4
Côte d’Ivoire33.033.434.939.442.447.0
Equatorial Guinea117.253.981.660.048.539.3
Gabon37.934.231.031.526.729.5
Nigeria36.441.041.539.639.740.5
Oil-importing countries29.129.030.132.333.635.0
Benin26.927.526.526.623.222.7
Botswana41.936.333.537.635.537.3
Burkina Faso24.722.321.523.023.124.0
Burundi17.522.327.733.945.349.1
Cape Verde59.867.567.469.565.867.0
Central African Republic24.820.617.518.518.719.0
Comoros35.030.831.832.634.735.1
Congo, Dem. Rep. of20.726.133.339.239.342.6
Eritrea74.074.5100.788.159.958.1
Ethiopia22.928.329.532.639.138.0
Gambia, The53.054.456.568.069.969.9
Ghana56.357.956.660.461.865.8
Guinea26.328.424.624.829.634.0
Guinea-Bissau47.351.244.147.155.156.6
Kenya28.525.828.234.237.134.7
Lesotho97.2112.598.197.890.992.0
Liberian.a.31.342.066.466.262.2
Madagascar32.422.632.147.740.738.3
Malawi38.445.849.751.252.151.6
Mali33.932.033.232.932.734.4
Mauritius62.758.757.454.961.366.2
Mozambique35.747.844.039.243.245.6
Namibia54.248.143.842.341.841.6
Niger24.924.125.029.129.030.6
Rwanda24.424.527.628.631.233.4
São Tomé and Príncipe88.185.190.188.689.3123.1
Senegal35.639.039.040.242.043.5
Seychelles84.484.084.389.4120.3122.4
Sierra Leone27.235.941.337.941.744.1
South Africa24.329.126.027.328.631.1
Swaziland97.495.286.4104.0102.7104.2
Tanzania25.122.623.526.230.435.2
Togo43.949.155.554.155.056.2
Uganda22.526.526.627.626.529.1
Zambia40.042.041.639.936.728.6
Zimbabwe33.87.220.751.353.626.2
Sub-Saharan Africa31.532.833.534.835.636.9
Excluding Nigeria and South Africa36.732.937.640.640.940.7
CFA franc zone33.436.335.036.335.236.0
WAEMU32.332.733.435.636.739.0
CEMAC34.940.836.937.033.833.2
SADC30.230.131.132.633.735.5
COMESA38.128.839.044.144.241.7
Resource intensive countries39.342.141.440.539.740.0
Oil39.142.842.441.140.140.8
Non-oil40.238.436.237.336.935.1
Non-resource intensive countries28.328.329.631.933.435.0
Coastal27.931.529.330.732.334.5
Landlocked29.820.231.238.839.537.8
MDRI30.031.631.934.035.236.0
HIPC Initiative (completion point countries)30.031.631.934.035.236.0
Fixed exchange rate regime37.529.336.140.339.238.5
Floating exchange rate regime29.834.232.733.234.736.5
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA17.Trade Balance(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries18.315.819.427.333.737.4
Angola35.938.728.938.644.946.9
Cameroon4.30.71.7–0.11.53.2
Chad–5.5–70.6–6.529.138.943.6
Congo, Rep. of46.652.050.253.460.667.2
Côte d’Ivoire14.124.118.516.614.316.6
Equatorial Guinea35.577.253.666.473.974.9
Gabon35.132.735.241.146.355.8
Nigeria15.88.617.526.932.634.9
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
Botswana11.811.910.88.517.314.4
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 Republic2.32.00.6–1.1–1.7–2.1
Comoros–15.9–12.5–12.4–17.1–20.8–22.2
Congo, Dem. Rep. of6.9–0.3–2.8–3.7–2.8–4.9
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
Guinea2.93.54.20.82.32.7
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
Liberian.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–0.45.7–1.3–2.4–2.30.9
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 Africa2.84.32.1–0.1–0.8–1.6
Swaziland–8.27.62.2–1.4–3.7–2.9
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–5.0–6.9–7.01.50.45.3
Zimbabwe1.3–0.1–1.0–6.5–8.30.8
Sub-Saharan Africa3.53.53.85.07.28.5
Excluding Nigeria and South Africa0.81.71.23.36.29.0
CFA franc zone8.69.29.012.316.120.1
WAEMU1.84.91.60.5–1.1–0.3
CEMAC17.514.618.325.633.539.1
SADC2.43.62.01.62.83.9
COMESA–0.90.6–1.60.74.17.6
Resource intensive countries15.513.516.423.329.732.9
Oil18.315.819.427.333.737.4
Non-oil2.11.10.52.24.05.0
Non-resource intensive countries–1.6–1.3–2.3–4.0–5.3–6.0
Coastal–0.80.0–1.0–2.9–4.1–5.0
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 regime5.24.85.88.412.015.1
Floating exchange rate regime3.13.03.34.15.96.9
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA18.External Current Account, Including Grants(Percent of GDP)
1997-2001200220032004200520062007
Oil-exporting countries–2.0–8.0–3.72.39.813.517.7
Angola–14.8–2.7–5.13.512.812.217.4
Cameroon–2.7–5.2–2.0–3.4–1.50.00.3
Chad–16.0–100.4–47.4–4.80.90.00.6
Congo, Rep. of–9.70.61.02.211.719.318.0
Côte d’Ivoire–1.86.72.11.6–0.11.83.1
Equatorial Guinea–42.2–13.5–43.8–24.2–12.7–5.09.3
Gabon7.06.89.510.915.922.324.0
Nigeria0.8–11.5–2.74.814.520.425.4
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
Botswana9.53.35.63.015.414.713.5
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–7.03.65.15.7–0.8–2.4–4.5
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–13.1–10.7–2.83.1–7.1–5.1–8.0
Kenya–2.92.2–0.2–2.7–2.2–3.8–5.8
Lesotho–22.3–18.0–10.8–2.7–1.6–3.4–8.3
Liberian.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–0.45.72.40.8–3.5–4.5–4.1
Mozambique–17.3–19.3–15.1–8.6–10.8–11.8–11.8
Namibia5.35.45.110.25.79.07.9
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–15.6–16.36.45.3–14.4–3.4–3.1
Sierra Leone–9.1–4.8–7.6–4.9–7.1–7.0–6.7
South Africa–0.80.6–1.3–3.4–4.2–5.5–4.7
Swaziland–3.94.81.91.7–1.4–1.6–2.7
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–2.0–0.6–2.9–8.3–11.10.5–0.5
Sub-Saharan Africa–2.5–3.4–2.7–2.00.00.82.7
Excluding Nigeria and South Africa–5.1–3.7–3.9–2.7–0.90.01.8
CFA franc zone–4.5–5.6–5.4–3.6–1.70.42.1
WAEMU–5.1–1.7–3.7–4.4–5.4–5.2–4.5
CEMAC–3.7–10.5–7.5–2.72.15.78.3
SADC–2.1–0.9–1.9–2.8–2.1–2.5–0.7
COMESA–5.0–1.9–2.9–1.80.30.73.2
Resource intensive countries–1.7–7.1–3.22.09.012.115.7
Oil–2.0–8.0–3.72.39.813.517.7
Non-oil–0.5–2.4–0.70.13.83.32.3
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–3.0–3.2–3.5–2.4–0.31.82.4
Floating exchange rate regime–2.4–3.4–2.5–1.90.10.52.8
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA19.External Current Account, Excluding Grants(Percent of GDP)
1997-2001200220032004200520062007
Oil-exporting countries–2.2–8.2–3.82.39.713.317.6
Angola–15.9–3.0–5.83.412.712.217.3
Cameroon–2.9–6.4–2.6–3.6–1.9–0.40.2
Chad–18.0–102.3–50.1–7.9–1.1–1.2–1.0
Congo, Rep. of–9.90.40.82.011.519.117.8
Côte d’Ivoire–2.36.51.91.70.10.11.3
Equatorial Guinea–43.9–14.2–44.4–24.7–13.0–5.29.3
Gabon6.77.510.211.616.522.923.9
Nigeria0.9–11.5–2.64.914.620.525.5
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
Botswana5.6–0.32.1–2.410.28.37.9
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–3.22.2–0.6–2.7–2.2–4.1–5.8
Lesotho–39.1–34.6–25.7–21.5–20.7–28.2–28.1
Liberian.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–0.65.71.90.4–3.6–4.8–4.5
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–17.6–18.14.93.5–15.8–4.7–4.3
Sierra Leone–13.1–12.1–14.1–11.6–14.1–12.5–12.1
South Africa–0.11.1–0.8–2.7–3.5–4.7–4.0
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–3.5–4.4–3.8–3.0–1.0–0.21.9
Excluding Nigeria and South Africa–7.7–6.0–6.8–5.8–3.7–2.7–0.5
CFA franc zone–5.7–6.8–6.6–4.6–2.6–0.61.1
WAEMU–6.9–3.1–5.5–5.9–6.8–7.0–6.2
CEMAC–4.3–11.3–7.9–3.21.65.47.9
SADC–2.8–1.6–2.6–3.3–2.7–3.1–1.2
COMESA–7.9–4.4–6.5–5.5–3.1–2.11.1
Resource intensive countries–2.7–8.0–4.01.18.211.215.0
Oil–2.2–8.2–3.82.39.713.317.6
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–5.3–4.6–5.6–4.8–2.6–0.60.5
Floating exchange rate regime–3.0–4.3–3.3–2.5–0.50.02.3
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA20.Official Grants(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries0.20.20.20.10.00.2
Angola1.20.30.70.00.10.1
Cameroon0.21.30.60.20.50.4
Chad2.01.92.73.12.01.2
Congo, Rep. of0.30.20.20.20.10.1
Côte d’Ivoire0.50.20.3–0.1–0.11.7
Equatorial Guinea1.70.70.60.40.30.2
Gabon0.3–0.6–0.7–0.7–0.6–0.5
Nigeria–0.10.0–0.1–0.1–0.1–0.1
Oil-importing countries1.21.41.51.41.41.3
Benin2.63.63.23.22.22.4
Botswana4.03.63.55.45.26.4
Burkina Faso3.12.64.23.03.02.7
Burundi5.313.916.517.423.820.4
Cape Verde7.55.76.05.74.77.5
Central African Republic3.32.40.92.13.73.7
Comoros3.34.12.21.42.13.5
Congo, Dem. Rep. of3.87.98.97.16.310.4
Eritrea11.59.918.816.99.87.6
Ethiopia3.55.97.65.86.75.2
Gambia, The7.410.68.59.96.35.7
Ghana3.23.65.26.15.34.8
Guinea1.11.40.70.30.70.8
Guinea-Bissau12.58.09.214.77.99.0
Kenya0.30.00.40.00.00.3
Lesotho16.816.615.018.819.124.8
Liberian.a.7.84.841.154.145.6
Madagascar1.00.22.63.81.31.2
Malawi7.012.29.311.213.713.7
Mali1.91.32.62.02.11.7
Mauritius0.10.00.50.40.20.3
Mozambique6.53.74.95.55.66.5
Namibia11.68.49.811.311.211.0
Niger2.52.93.33.33.51.3
Rwanda9.29.811.415.216.310.6
São Tomé and Príncipe33.930.434.435.731.930.6
Senegal2.11.81.81.71.41.3
Seychelles2.01.81.51.81.41.3
Sierra Leone4.07.46.56.66.95.5
South Africa–0.6–0.5–0.5–0.7–0.7–0.7
Swaziland8.98.47.69.110.19.1
Tanzania5.02.53.53.64.63.7
Togo3.40.70.60.90.70.8
Uganda6.48.37.710.29.07.0
Zambia1.82.51.50.41.80.8
Zimbabwe1.00.10.40.50.60.7
Sub-Saharan Africa1.01.11.11.01.00.9
Excluding Nigeria and South Africa2.72.32.93.02.92.7
CFA franc zone1.21.21.21.00.91.0
WAEMU1.71.51.81.51.41.8
CEMAC0.60.80.50.50.50.3
SADC0.70.70.70.60.60.6
COMESA2.92.53.63.73.52.8
Resource intensive countries1.00.80.80.80.80.8
Oil0.20.20.20.10.00.2
Non-oil4.64.14.15.05.24.8
Non-resource intensive countries1.01.21.31.11.11.0
Coastal0.30.20.30.20.10.0
Landlocked4.13.65.66.46.86.1
MDRI3.33.33.83.83.93.1
HIPC Initiative (completion point countries)3.33.33.83.83.93.1
Fixed exchange rate regime2.31.52.12.42.32.4
Floating exchange rate regime0.60.90.80.60.60.5
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA21.Real Effective Exchange Rates1(Index, 2000 = 100)
1997-20012002200320042005
Oil-exporting countries115.6110.8110.0114.5125.6
Angola100.4118.0117.4140.0158.4
Cameroon106.4107.1110.4110.6109.8
Chad109.4115.8119.1114.2121.3
Congo, Rep. of105.3104.9109.3112.9112.5
Cote d’Ivoire103.3107.6115.0116.6116.4
Equatorial Guinea106.4114.9134.4143.8149.9
Gabon105.6100.0104.8105.1102.6
Nigeria135.7111.0105.0107.8123.8
Oil-importing countries100.489.7101.4103.5105.3
Benin103.6106.2115.1117.9120.5
Botswana97.3109.3115.0110.2107.2
Burkina Faso105.6106.8112.1111.5114.8
Burundi107.381.963.664.271.1
Cape Verde102.798.299.997.094.5
Central African Republic102.5116.1123.3122.2120.2
Comoros106.9113.8116.8123.6126.0
Congo, Dem. Rep. of81.736.631.728.427.8
Eritrea95.988.794.983.5104.6
Ethiopia99.087.190.185.091.3
Gambia, The101.371.751.851.253.5
Ghana130.599.8100.599.4109.5
Guinea108.292.188.283.265.4
Guinea-Bissau101.5105.5107.1108.9106.7
Kenya100.2105.1106.5104.1116.1
Lesotho107.078.0112.2132.2132.8
Liberian.a.n.a.n.a.n.a.n.a.
Madagascar98.2119.6105.780.184.8
Malawi105.8109.380.373.375.2
Mali107.0108.6109.9106.6101.4
Mauritius96.196.594.391.987.0
Mozambique97.290.579.783.585.3
Namibia99.887.2104.6111.9112.7
Niger104.9106.0108.2108.8113.3
Rwanda105.386.572.669.675.4
São Tomé and Príncipe90.095.486.984.289.8
Senegal104.8104.0106.6106.7105.3
Seychelles96.7109.0100.994.292.2
Sierra Leone103.794.577.769.470.9
South Africa104.073.997.3107.6108.5
Swaziland97.988.3102.8113.2113.2
Tanzania98.890.875.067.765.7
Togo104.0105.8109.5110.9113.6
Uganda109.993.581.884.688.8
Zambia102.8110.9101.7107.8134.8
Zimbabwe99.9359.2197.969.463.4
Sub-Saharan Africa102.894.0103.4106.1109.8
Excluding Nigeria and South Africa98.6107.8103.999.9102.8
CFA franc zone105.2107.5112.9113.6114.4
WAEMU104.5106.5111.2111.5111.8
CEMAC106.3108.8115.2116.4117.6
SADC98.287.1103.5108.7109.7
COMESA92.8113.4103.896.5101.5
Resource intensive countries112.4108.5108.3111.8120.3
Oil115.6110.8110.0114.5125.6
Non-oil101.998.3100.499.497.1
Non-resource intensive countries100.389.2101.5103.8105.8
Coastal104.181.198.7105.2107.2
Landlocked92.5114.9103.392.093.7
MDRI105.898.595.493.397.5
HIPC Initiative (completion point countries)105.898.595.493.397.5
Fixed exchange rate regime102.1135.1135.4126.4125.6
Floating exchange rate regime103.084.795.399.9104.3

An increase indicates appreciation.

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

An increase indicates appreciation.

Table SA22.Nominal Effective Exchange Rates1(Index, 2000 = 100)
1997-20012002200320042005
Oil-exporting countries131.483.173.769.869.1
Angola934.521.510.89.08.4
Cameroon103.8103.7108.6110.8110.1
Chad104.6102.2109.3113.2112.8
Congo, Rep. of104.5105.1112.8116.6116.2
Cote d’Ivoire102.5105.4112.2115.0113.6
Equatorial Guinea107.2102.3114.0119.8119.6
Gabon103.4101.6106.3108.5108.1
Nigeria141.787.074.267.968.0
Oil-importing countries111.575.081.883.381.4
Benin105.2103.1112.1117.0116.4
Botswana100.1108.5112.4105.199.0
Burkina Faso101.5106.8114.3117.7117.8
Burundi122.580.961.456.957.5
Cape Verde100.0100.5104.4105.9105.3
Central African Republic103.5102.0106.3108.1107.9
Comoros102.1110.4112.3113.3113.4
Congo, Dem. Rep. of525.04.63.63.22.6
Eritrea106.470.462.945.553.7
Ethiopia100.699.890.384.984.0
Gambia, The100.666.542.337.539.1
Ghana156.467.655.049.448.5
Guinea109.790.380.266.941.5
Guinea-Bissau104.2103.8112.0116.2115.0
Kenya105.5102.497.587.891.4
Lesotho113.667.292.0105.8106.4
Liberian.a.67.063.162.257.9
Madagascar106.7101.392.863.957.9
Malawi147.589.768.061.960.5
Mali103.0103.8109.2111.8111.2
Mauritius99.390.286.782.976.8
Mozambique101.077.562.659.358.2
Namibia105.277.389.693.995.0
Niger103.4104.5111.4114.7114.0
Rwanda104.386.069.561.363.0
São Tomé and Príncipe106.785.172.663.759.4
Senegal102.5103.7109.1111.5111.2
Seychelles98.1109.0100.592.792.5
Sierra Leone124.0100.178.462.758.3
South Africa107.468.489.8103.1105.3
Swaziland103.184.398.5109.5110.6
Tanzania104.689.673.865.863.0
Togo101.1106.5115.8120.5120.0
Uganda110.896.680.783.784.1
Zambia127.085.470.869.078.6
Zimbabwe152.192.518.11.00.3
Sub-Saharan Africa114.776.780.280.478.8
Excluding Nigeria and South Africa118.381.271.464.861.1
CFA franc zone103.2104.1110.8114.0113.4
WAEMU102.6104.9111.8115.0114.3
CEMAC104.2103.0109.5112.7112.2
SADC116.764.773.676.774.8
COMESA131.070.054.545.742.0
Resource intensive countries125.984.676.271.970.2
Oil131.483.173.769.869.1
Non-oil108.591.588.982.574.2
Non-resource intensive countries111.774.081.383.381.8
Coastal108.174.188.595.696.7
Landlocked124.073.959.450.445.1
MDRI108.792.784.881.280.4
HIPC Initiative (completion point countries)108.792.784.881.280.4
Fixed exchange rate regime108.099.996.187.681.0
Floating exchange rate regime116.771.376.177.977.4

An increase indicates appreciation.

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

An increase indicates appreciation.

Table SA23.External Debt to Official Creditors(Percent of GDP)
1997-200120022003200420052006
Oil-exporting countries70.061.856.451.028.114.4
Angola68.453.446.234.422.617.1
Cameroon68.447.544.742.034.72.8
Chad61.257.050.235.026.922.9
Congo, Rep. of186.3162.4170.6188.971.259.3
Côte d’Ivoire72.571.172.070.259.959.3
Equatorial Guinea45.710.210.16.23.62.7
Gabon69.864.858.339.629.323.0
Nigeria64.860.553.150.021.73.1
Oil-importing countries36.038.633.228.024.616.8
Benin69.066.354.449.747.723.9
Botswana10.27.55.34.54.03.7
Burkina Faso51.951.141.434.633.017.1
Burundi139.1179.9224.0207.3177.9152.7
Cape Verde52.860.962.958.049.849.5
Central African Republic82.387.089.589.288.083.4
Comoros100.791.491.181.672.071.1
Congo, Dem. Rep. of261.8192.4184.7164.3155.962.4
Eritrea36.277.192.894.363.961.5
Ethiopia57.971.770.762.559.253.0
Gambia, The107.8134.6145.5131.6117.6110.5
Ghana93.5116.797.385.071.670.7
Guinea97.394.992.782.599.095.7
Guinea-Bissau374.3417.6386.9378.7332.0317.2
Kenya38.035.131.729.525.621.5
Lesotho60.775.056.446.245.143.0
Liberian.a.100.4188.4163.5125.891.2
Madagascar114.698.683.577.670.729.9
Malawi137.2573.4635.6592.4547.1187.5
Mali99.190.263.866.863.523.5
Mauritius24.120.917.814.213.212.1
Mozambique101.788.183.073.869.670.9
Namibia2.84.55.45.35.56.1
Niger85.780.768.255.549.551.5
Rwanda67.385.393.491.770.715.1
São Tomé and Príncipe623.1495.2458.3439.1368.0348.8
Senegal66.365.154.446.840.116.7
Seychelles21.139.735.039.443.943.2
Sierra Leone112.137.550.348.449.646.6
South Africa3.44.53.02.32.12.0
Swaziland17.624.718.521.320.419.9
Tanzania83.451.655.350.746.343.6
Togo83.893.689.579.572.965.4
Uganda57.462.163.163.144.441.6
Zambia197.9182.4154.8114.356.84.4
Zimbabwe38.510.233.777.056.730.3
Sub-Saharan Africa44.244.939.534.425.616.0
Excluding Nigeria and South Africa75.465.567.161.249.032.0
CFA franc zone77.769.863.557.944.029.1
WAEMU75.473.765.260.653.839.8
CEMAC81.164.861.454.934.219.2
SADC25.727.823.419.216.210.2
COMESA74.262.572.667.152.028.1
Resource intensive countries70.162.355.849.628.614.6
Oil70.061.856.451.028.114.4
Non-oil70.865.352.842.332.015.8
Non-resource intensive countries33.536.631.626.824.016.9
Coastal21.624.218.314.713.211.0
Landlocked85.067.992.395.784.847.2
MDRI82.176.768.861.451.732.3
HIPC Initiative (completion point countries)82.176.768.861.451.732.3
Fixed exchange rate regime61.644.351.450.038.726.4
Floating exchange rate regime39.445.136.030.122.313.4
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA24.Terms of Trade(Index, 2000 = 100)
1997-200120022003200420052006
Oil-exporting countries85.196.798.2106.5136.2167.8
Angola70.186.391.6102.9136.1177.1
Cameroon89.699.899.097.7115.1128.6
Chad103.2109.3136.8128.6162.2216.8
Congo, Rep. of74.3103.7112.3118.5132.5153.5
Côte d’Ivoire118.6136.1124.899.994.591.5
Equatorial Guinea50.190.857.563.778.897.0
Gabon93.787.8109.8124.1135.1165.9
Nigeria74.589.191.3110.0151.8189.6
Oil-importing countries105.398.599.599.997.899.4
Benin111.994.297.4116.395.3128.9
Botswana103.081.576.474.165.154.6
Burkina Faso112.091.7102.7107.280.979.5
Burundi108.479.578.4100.4111.4107.7
Cape Verde83.588.685.793.4107.4112.7
Central African Republic100.983.485.672.272.272.6
Comoros79.5163.1284.3186.5103.695.0
Congo, Dem. Rep. of104.2107.8124.6129.1143.8151.3
Eritrea101.4100.081.574.467.666.0
Ethiopia136.187.181.672.081.477.0
Gambia, The115.770.7118.9113.395.9106.2
Ghana119.3102.2117.4108.094.790.7
Guinea109.8104.0102.484.574.573.0
Guinea-Bissau88.579.274.467.974.674.7
Kenya102.1101.784.078.372.367.9
Lesotho96.6107.9107.1107.2103.099.6
Liberian.a.n.a.n.a.n.a.n.a.n.a.
Madagascar100.6107.3118.099.766.161.5
Malawi108.482.679.177.264.864.0
Mali114.597.496.596.689.999.8
Mauritius104.5101.1100.197.193.090.9
Mozambique97.993.992.0103.8113.8144.6
Namibia89.5106.881.193.595.6107.7
Niger109.7111.6108.7115.4111.6106.3
Rwanda99.547.348.958.565.861.7
São Tomé and Príncipe62.452.850.637.135.029.8
Senegal101.4104.4101.4101.696.898.0
Seychelles123.4122.0149.7150.9113.6126.7
Sierra Leone110.9102.3100.495.7102.390.1
South Africa104.4103.4104.9105.7105.8106.9
Swaziland99.499.099.7111.2119.2123.3
Tanzania90.069.265.360.053.953.1
Togo115.5107.1113.697.294.293.2
Uganda115.883.075.572.050.650.7
Zambia107.392.996.7116.3122.4144.1
Zimbabwe98.296.392.186.582.484.8
Sub-Saharan Africa100.698.099.2101.7109.6121.4
Excluding Nigeria and South Africa103.597.096.695.399.1112.5
CFA franc zone103.3106.5106.4103.4107.1120.7
WAEMU113.2113.9110.1103.094.096.6
CEMAC89.197.1101.8103.8120.4143.1
SADC101.898.5100.3102.6106.0114.3
COMESA103.995.192.593.3100.9117.8
Resource intensive countries88.396.396.4103.9129.8158.2
Oil85.196.798.2106.5136.2167.8
Non-oil102.893.986.789.589.199.5
Non-resource intensive countries105.598.8100.5100.798.499.4
Coastal104.0100.9102.2102.2100.2101.4
Landlocked112.293.592.792.288.489.3
MDRI107.191.693.492.689.196.6
HIPC Initiative (completion point countries)107.191.693.492.689.196.6
Fixed exchange rate regime101.8101.8101.7100.1102.2112.2
Floating exchange rate regime100.396.598.4102.2111.5123.8
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.
Table SA25.Reserves(Months of imports of goods and services)
1997-200120022003200420052006
Oil-exporting countries3.93.32.64.76.39.4
Angola1.30.60.91.62.75.2
Cameroon0.52.72.42.53.03.2
Chad2.61.21.41.21.41.6
Congo, Rep. of0.70.70.20.60.50.3
Côte d’Ivoire2.45.83.33.32.82.4
Equatorial Guinea0.20.91.24.17.912.2
Gabon0.71.01.32.33.95.6
Nigeria6.84.63.67.610.115.4
Oil-importing countries3.64.13.83.94.04.0
Excluding South Africa4.85.65.55.14.84.6
Benin7.29.59.17.19.19.5
Botswana30.730.323.018.420.822.7
Burkina Faso5.25.19.86.94.44.3
Burundi4.95.04.93.52.92.4
Cape Verde1.02.32.02.63.63.7
Central African Republic7.06.97.67.47.87.1
Comoros7.312.411.010.59.38.7
Congo, Dem. Rep. of1.21.00.91.30.81.0
Eritrea1.50.80.50.80.80.8
Ethiopia3.15.24.95.74.12.2
Gambia, The5.86.43.63.73.43.2
Ghana1.41.83.83.73.23.1
Guinea2.82.21.91.41.92.1
Guinea-Bissau5.511.83.86.96.77.0
Kenya2.83.84.23.33.13.5
Lesotho7.05.64.94.35.05.3
Liberian.a.0.20.20.30.40.6
Madagascar2.64.22.82.92.92.9
Malawi3.82.21.71.71.82.6
Mali4.76.77.86.46.86.6
Mauritius3.35.66.45.94.74.0
Mozambique6.04.95.35.94.64.0
Namibia1.72.62.01.71.71.8
Niger1.73.14.63.63.54.3
Rwanda4.86.95.67.27.55.0
São Tomé and Príncipe3.74.65.74.29.88.9
Senegal2.83.75.05.24.74.1
Seychelles0.81.41.40.70.80.9
Sierra Leone3.03.02.03.73.73.0
South Africa2.12.31.92.73.33.5
Swaziland3.02.92.01.61.41.4
Tanzania4.68.310.19.37.96.7
Togo2.43.42.64.03.43.0
Uganda6.97.27.88.38.17.0
Zambia1.34.11.71.92.02.1
Zimbabwe0.90.50.50.90.40.4
Sub-Saharan Africa3.73.83.44.24.85.9
Excluding Nigeria and South Africa3.74.44.24.14.14.6
CFA franc zone2.23.53.43.63.94.3
WAEMU3.35.45.14.74.23.9
CEMAC0.91.61.52.33.64.7
SADC3.53.63.13.43.84.2
COMESA2.42.92.82.92.93.6
Resource intensive countries5.34.53.55.26.69.3
Oil3.93.32.64.76.39.4
Non-oil12.012.19.38.18.69.0
Non-resource intensive countries2.73.33.33.53.63.6
Coastal2.53.13.03.43.63.7
Landlocked3.53.94.24.03.73.2
MDRI3.24.75.35.14.64.1
HIPC Initiative (completion point countries)3.24.75.35.14.64.1
Fixed exchange rate regime4.85.34.74.44.85.3
Floating exchange rate regime3.33.32.94.14.86.1
Sources: IMF, African Department database, August 30, 2006; and WEO database, August 30, 2006.

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