Chapter

Statistical Appendix

Author(s):
International Monetary Fund. African Dept.
Published Date:
May 2018
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Unless noted otherwise, data and projections presented in this Regional Economic Outlook are IMF staff estimates as of March 30, 2018, consistent with the projections underlying the April 2018 World Economic Outlook (WEO).

The data and projections cover 45 sub-Saharan African countries followed by the IMF’s African Department. Data definitions follow established international statistical methodologies to the extent possible. However, in some cases, data limitations limit comparability across countries.

Country Groupings

Countries are aggregated into three (non-overlapping) groups: oil exporters, other resource-intensive countries, and non-resource-intensive countries (see table on page 90 for the country groupings).

  • The oil exporters are countries where net oil exports make up 30 percent or more of total exports.

  • The other resource-intensive countries are those where nonrenewable natural resources represent 25 percent or more of total exports.

  • The non-resource-intensive countries refer to those that are not classified as either oil exporters or other resource-intensive countries.

Countries are also aggregated into four (overlapping) groups: oil exporters countries, middle-income countries, low-income countries, and countries in fragile situations (see page 90 for the country groupings table).

Classification into these groups reflects the most recent data on per capita gross national income (averaged over three years) and the World Bank, Country Policy and Institutional Assessment (CPIA) score, (averaged over three years).

  • The middle-income countries had per capita gross national income in the years 2014–16 of more than US$1,005.00 (World Bank, using the Atlas method).

  • The low-income countries had average per capita gross national income in the years 2014–16 equal to or lower than US$1,005.00 (World Bank, Atlas method).

  • The countries in fragile situations had average CPIA scores of 3.2 or less in the years 2014–16 and/or had the presence of a peace-keeping or peace-building mission within the last three years.

  • The membership of sub-Saharan African countries in the major regional cooperation bodies is shown on page 90: CFA franc zone, comprising the West African Economic and Monetary Union (WAEMU) and CEMAC; the Common Market for Eastern and Southern Africa (COMESA); the East Africa Community (EAC-5); the Economic Community of West African States (ECOWAS); the Southern African Development Community (SADC); and the Southern Africa Customs Union (SACU). EAC-5 aggregates include data for Rwanda and Burundi, which joined the group only in 2007.

Methods of Aggregation

In Tables SA1SA3, SA6SA7, SA13, SA15SA16, and SA22SA23, country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. The source of purchasing power parity weights is the World Economic Outlook database.

In Tables SA8SA12, SA17SA21, and SA24SA26, country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP in US dollars at market exchange rates as a share of total group GDP.

In Tables SA4SA5 and SA14, country group composites are calculated as the geometric average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. The source of purchasing power parity weights is the World Economic Outlook database.

In Tables SA27SA28, country group composites are calculated as the unweighted arithmetic average of data for individual countries.

Sub-Saharan Africa: Member Countries of Groupings
Oil exportersOther resource-

intensive countries
Non-resource-

intensive countries
Middle-income

countries
Low-incomeCountriesCountries in fragile

situations
AngolaBotswanaBeninAngolaBeninMalawiBurundi
CameroonBurkina FasoBurundiBotswanaBurkina FasoMaliCentral African Rep.
ChadCentral African Rep.Cabo VerdeCabo VerdeBurundiMozambiqueChad
Congo, Republic ofCongo, Dem. Rep. ofComorosCameroonCentral African Rep.NigerComoros
Equatorial GuineaGhanaCôte d’IvoireCongo, Republic ofChadRwandaCongo, Dem. Rep. of
GabonGuineaEritreaCôte d’IvoireComorosSierra LeoneCongo, Republic of
NigeriaLiberiaEthiopiaEquatorial GuineaCongo, Dem. Rep. ofSouth SudanCôte d’Ivoire
South SudanMaliGambia, TheGabonEritreaTanzaniaEritrea
NamibiaGuinea-BissauGhanaEthiopiaTogoGambia, The
NigerKenyaKenyaGambia, TheUgandaGuinea
Sierra LeoneLesothoLesothoGuineaZimbabweGuinea-Bissau
South AfricaMadagascarMauritiusGuinea-BissauLiberia
TanzaniaMalawiNamibiaLiberiaMadagascar
ZambiaMauritiusNigeriaMadagascarMalawi
ZimbabweMozambiqueSenegalMali
RwandaSeychellesSão Tomé & Príncipe
São Tomé & PríncipeSão Tomé & PríncipeSierra Leone
SenegalSouth AfricaSouth Sudan
SeychellesSwazilandTogo
SwazilandZambiaZimbabwe
Togo
Uganda
Sub-Saharan Africa: Member Countries of Regional Groupings
The West African Economic and Monetary Union (WAEMU)Economic and Monetary Community of Central African States (CEMAC)Common Market for Eastern and Southern Africa (COMESA)East Africa Community (EAC-5)Southern African Development Community (SADC)Southern Africa Customs Union (SACU)Economic Community of West African States (ECOWAS)
BeninCameroonBurundiBurundiAngolaBotswanaBenin
Burkina FasoCentral African Rep.ComorosKenyaBotswanaLesothoBurkina Faso
Côte d’IvoireChadCongo, Dem. Rep. ofRwandaCongo, Dem. Rep. ofNamibiaCabo Verde
Guinea-BissauCongo, Republic ofEritreaTanzaniaLesothoSouth AfricaCôte d’Ivoire
MaliEquatorial GuineaEthiopiaUgandaMadagascarSwazilandGambia, The
NigerGabonKenyaMalawiGhana
SenegalMadagascarMauritiusGuinea
TogoMalawiMozambiqueGuinea-Bissau
MauritiusNamibiaLiberia
RwandaSeychellesMali
SeychellesSouth AfricaNiger
SwazilandSwazilandNigeria
UgandaTanzaniaSenegal
ZambiaZambiaSierra Leone
ZimbabweZimbabweTogo

List of Country Abbreviations:

AGOAngolaETHEthiopiaMLIMaliSWZSwaziland
BDIBurundiGABGabonMOZMozambiqueSYCSeychelles
BENBeninGHAGhanaMUSMauritiusTCDChad
BFABurkina FasoGINGuineaMWIMalawiTGOTogo
BWABotswanaGMBGambia, TheNAMNamibiaTHATanzania
CAFCentral African RepublicGNBGuinea-BissauNERNigerTZATanzania
CIVCôte d’IvoireGNQEquatorial GuineaNGANigeriaUGAUganda
CMRCameroonIDNIndonesiaPHLPhilippinesVNMVitenam
CODCongo, Dem. Rep. ofKENKenyaPRYParaguayZAFSouth Africa
COGCongo, Rep. ofLBRLiberiaRWARwandaZMBZambia
COMComorosLKASri LankaSENSenegalZWEZimbabwe
CPVCabo VerdeLSOLesothoSLESierra Leone
EGYEgyptMARMoroccoSSDSouth Sudan
ERIEritreaMDGMadagascarSTPSão Tomé & Príncipe

List of Tables:

Table SA1.Real GDP Growth(Percent)
2004-0820092010201120122013201420152016201720182019
Angola17.42.43.53.95.26.84.73.0−0.80.72.22.4
Benin4.22.32.13.04.87.26.42.14.05.66.06.3
Botswana6.0−7.78.66.04.511.34.1−1.74.32.24.64.5
Burkina Faso5.93.08.46.66.55.84.33.95.96.46.06.0
Burundi4.43.85.14.04.45.94.5−4.0−1.00.00.10.4
Cabo Verde7.1−1.31.54.01.10.80.61.03.84.04.34.0
Cameroon4.12.23.44.14.55.45.95.74.53.24.04.5
Central African Rep.3.31.73.03.34.1−36.71.04.84.54.04.04.0
Chad9.84.113.60.18.85.86.91.8−6.4−3.13.52.8
Comoros1.31.82.12.23.03.52.01.02.22.53.03.0
Congo, Dem. Rep. of6.12.97.16.97.18.59.56.92.43.43.84.0
Congo, Rep. of4.37.88.73.43.83.36.82.6−2.8−4.60.74.6
Côte d’Ivoire1.83.32.0−4.210.19.38.88.88.37.87.47.1
Equatorial Guinea15.51.3−8.96.58.3−4.1−0.7−9.1−9.7−4.4−8.5−2.8
Eritrea−2.13.92.28.77.04.62.92.61.95.04.23.8
Ethiopia111.810.010.611.48.79.910.310.48.010.98.58.3
Gabon1.3−2.36.37.15.35.54.43.92.10.82.73.7
Gambia, The3.36.46.5−4.35.64.80.94.32.23.55.45.2
Ghana6.24.87.914.09.37.34.03.83.78.46.37.6
Guinea3.7−1.54.25.65.93.93.73.56.66.75.85.9
Guinea-Bissau5.13.44.68.1−1.73.31.06.15.85.55.55.5
Kenya4.63.38.46.14.65.95.45.75.84.85.56.0
Lesotho4.13.16.36.74.92.23.02.53.13.11.72.6
Liberia27.55.26.47.78.48.80.70.0−1.62.53.24.7
Madagascar5.8−4.70.31.53.02.33.33.14.24.15.15.6
Malawi6.18.36.94.91.95.25.72.92.34.03.54.5
Mali4.24.75.43.2−0.82.37.06.05.85.35.04.7
Mauritius4.33.04.13.93.23.23.63.53.93.93.94.0
Mozambique8.16.46.77.17.27.17.46.63.82.93.02.5
Namibia4.30.36.05.15.15.66.46.01.1−1.21.23.3
Niger5.2−0.78.42.211.85.37.54.05.05.25.15.4
Nigeria7.78.411.34.94.35.46.32.7−1.60.82.11.9
Rwanda9.06.37.37.88.84.77.68.96.06.17.27.8
São Tomé & Príncipe5.74.04.54.84.54.34.14.04.14.05.05.5
Senegal4.52.44.31.94.53.64.16.56.77.27.07.0
Seychelles4.8−1.15.95.43.76.04.55.04.54.23.33.3
Sierra Leone5.83.25.36.315.220.74.6−20.56.33.53.55.6
South Africa4.8−1.53.03.32.22.51.81.30.61.31.51.7
South Sudan−52.429.32.9−0.2−13.8−11.1−3.8−2.6
Swaziland4.24.53.52.03.54.83.61.1−0.00.2−0.90.2
Tanzania6.55.46.47.95.17.37.07.07.06.06.46.6
Togo−0.05.56.16.46.56.15.95.75.14.44.95.2
Uganda8.38.17.76.82.24.74.65.72.34.55.25.8
Zambia7.79.210.35.67.65.04.72.93.73.64.04.5
Zimbabwe3−7.47.415.416.313.65.32.81.40.73.02.44.2
Sub-Saharan Africa6.63.97.05.14.45.35.13.41.42.83.43.7
Median4.93.36.15.24.95.34.53.53.83.94.04.5
Excluding Nigeria and South Africa6.93.96.16.15.46.65.74.73.64.64.85.4
Oil-exporting countries8.76.79.24.73.95.75.82.6−1.50.52.02.1
Excluding Nigeria11.12.43.54.22.86.44.62.3−1.3−0.31.72.6
Oil-importing countries5.32.05.45.44.85.14.64.03.54.44.34.7
Excluding South Africa5.64.47.06.76.36.66.15.55.15.95.76.1
Middle-income countries6.73.66.94.54.34.74.62.70.51.92.72.9
Excluding Nigeria and South Africa7.42.85.15.36.15.94.93.93.03.64.14.9
Low-income countries6.35.17.47.14.77.36.75.64.35.55.65.9
Excluding low-income countries in fragile situations8.16.77.88.16.37.37.57.46.17.26.76.8
Countries in fragile situations3.53.36.03.73.87.46.13.92.53.34.34.8
CFA franc zone5.02.74.02.96.14.55.74.23.43.64.45.0
CEMAC6.62.33.64.45.92.84.72.0−0.5−0.11.73.3
WAEMU3.53.04.51.36.36.16.76.26.66.66.46.3
COMESA (SSA members)6.25.78.17.46.16.36.46.04.75.95.66.0
EAC-56.25.27.46.94.56.15.96.15.45.25.86.2
ECOWAS6.87.09.75.05.15.86.13.20.42.63.33.4
SACU4.8−1.63.43.52.43.02.11.30.81.31.61.9
SADC6.20.54.34.43.84.43.62.71.72.22.63.0
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA2.Real Non-Oil GDP Growth(Percent)
2004-0820092010201120122013201420152016201720182019
Angola17.98.17.69.55.610.88.01.6−0.41.22.03.5
Benin4.22.32.13.04.87.26.42.14.05.66.06.3
Botswana6.0−7.78.66.04.511.34.1−1.74.32.24.64.5
Burkina Faso5.93.08.46.66.55.84.33.95.96.46.06.0
Burundi4.43.85.14.04.45.94.5−4.0−1.00.00.10.4
Cabo Verde7.1−1.31.54.01.10.80.61.03.84.04.34.0
Cameroon4.23.14.44.94.65.25.44.45.14.44.24.9
Central African Rep.3.31.73.03.34.1−36.71.04.84.54.04.04.0
Chad6.36.317.30.211.58.17.1−2.9−6.0−0.51.42.5
Comoros1.31.82.12.23.03.52.01.02.22.53.03.0
Congo, Dem. Rep. of5.92.87.27.07.28.69.57.12.43.73.63.9
Congo, Rep. of5.73.96.47.59.78.27.95.3−3.2−9.2−6.31.6
Côte d’Ivoire1.82.12.6−4.812.59.09.48.47.98.37.47.1
Equatorial Guinea29.018.2−10.215.96.81.5−2.3−10.1−5.9−2.5−5.3−0.4
Eritrea−2.13.92.28.77.04.62.92.61.95.04.23.8
Ethiopia111.810.010.611.48.79.910.310.48.010.98.58.3
Gabon5.0−3.313.110.57.17.75.13.83.31.73.04.5
Gambia, The3.36.46.5−4.35.64.80.94.32.23.55.45.2
Ghana6.24.87.68.68.66.74.04.05.04.05.06.0
Guinea3.7−1.54.25.65.93.93.73.56.66.75.85.9
Guinea-Bissau5.13.44.68.1−1.73.31.06.15.85.55.55.5
Kenya4.63.38.46.14.65.95.45.75.84.85.56.0
Lesotho4.13.16.36.74.92.23.02.53.13.11.72.6
Liberia27.55.26.47.78.48.80.70.0−1.62.53.24.7
Madagascar5.80.31.53.02.33.33.14.24.15.15.6
Malawi6.18.36.94.91.95.25.72.92.34.03.54.5
Mali4.24.75.43.2−0.82.37.06.05.85.35.04.7
Mauritius4.33.04.13.93.23.23.63.53.93.93.94.0
Mozambique8.16.46.77.17.27.17.46.63.82.93.02.5
Namibia4.30.36.05.15.15.66.46.01.1−1.21.23.3
Niger5.2−0.78.41.34.23.28.95.34.64.95.25.5
Nigeria10.810.012.45.35.98.37.33.6−0.30.51.31.5
Rwanda9.06.37.37.88.84.77.68.96.06.17.27.8
São Tomé & Príncipe5.74.04.54.84.54.34.14.04.14.05.05.5
Senegal4.52.44.31.94.53.64.16.56.77.27.07.0
Seychelles4.8−1.15.95.43.76.04.55.04.54.23.33.3
Sierra Leone5.83.25.36.315.220.74.6−20.56.33.53.55.6
South Africa4.8−1.53.03.32.22.51.81.30.61.31.51.7
South Sudan−0.84.1−17.5−1.2−7.0−18.8−7.0−6.6
Swaziland4.24.53.52.03.54.83.61.1−0.00.2−0.90.2
Tanzania6.55.46.47.95.17.37.07.07.06.06.46.6
Togo−0.05.56.16.46.56.15.95.75.14.44.95.2
Uganda8.38.17.76.82.24.74.65.72.34.55.25.8
Zambia7.79.210.35.67.65.04.72.93.73.64.04.5
Zimbabwe3−7.47.415.416.313.65.32.81.40.73.02.44.2
Sub-Saharan Africa7.74.97.75.55.26.35.43.52.02.63.13.5
Median5.23.66.25.65.15.24.53.83.84.04.04.5
Excluding Nigeria and South Africa7.45.06.86.86.26.85.84.43.94.34.65.3
Oil-exporting countries11.59.110.76.25.98.26.62.9−0.30.31.31.9
Excluding Nigeria5.17.06.28.66.17.94.81.1−0.3−0.01.13.0
Oil-importing countries5.21.95.45.14.75.04.64.03.64.14.24.6
Excluding South Africa5.64.37.06.26.36.56.25.55.25.65.65.9
Middle-income countries8.14.87.75.15.06.35.22.91.21.72.22.8
Excluding Nigeria and South Africa8.44.86.26.56.57.15.63.53.43.33.84.9
Low-income countries6.15.27.67.16.06.66.15.54.55.55.55.8
Excluding low-income countries in fragile situations8.16.77.88.16.07.37.67.46.17.26.76.8
Countries in fragile situations3.32.96.23.97.46.45.13.72.83.03.64.5
CFA franc zone6.54.34.84.36.85.55.83.83.74.04.15.1
CEMAC9.75.94.97.67.15.14.51.10.50.51.03.4
WAEMU3.52.64.61.16.55.97.06.26.46.76.46.3
COMESA (SSA members)6.15.78.17.46.16.46.46.14.75.95.66.0
EAC-56.25.27.46.94.56.15.96.15.45.25.86.2
ECOWAS9.08.110.64.96.37.86.83.81.52.02.73.0
SACU4.8−1.63.43.52.43.02.11.30.81.31.61.9
SADC6.31.24.95.13.94.94.02.51.72.32.63.1
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA3.Real Per Capita GDP Growth(Percent)
2004-0820092010201120122013201420152016201720182019
Angola14.0−0.60.40.82.13.71.7−0.0−3.7−2.2−0.8−0.6
Benin1.2−0.5−0.70.11.94.33.5−0.61.22.83.33.6
Botswana4.6−8.97.24.83.210.02.9−2.83.11.03.33.3
Burkina Faso2.7−0.15.23.53.32.71.30.94.13.53.23.2
Burundi1.80.51.90.91.32.81.5−6.8−4.1−3.1−2.8−2.5
Cabo Verde6.4−1.51.13.3−2.0−0.4−0.6−0.22.62.73.02.7
Cameroon1.3−0.60.91.62.02.83.33.11.90.71.51.9
Central African Rep.1.5−0.21.11.32.1−37.9−0.92.82.52.02.02.0
Chad7.11.610.8−2.36.23.24.3−0.7−8.7−5.81.00.3
Comoros−1.2−0.8−0.5−0.50.30.8−0.7−1.6−0.5−0.20.30.3
Congo, Dem. Rep. of3.0−0.14.03.84.05.36.33.8−0.60.40.70.9
Congo, Rep. of1.75.26.10.91.30.84.20.1−5.2−6.9−1.72.1
Côte d’Ivoire−0.80.6−0.6−6.67.36.56.06.15.65.04.64.3
Equatorial Guinea12.1−1.5−11.53.65.3−6.8−3.4−11.6−12.1−6.9−10.8−5.2
Eritrea−4.71.3−0.36.24.52.30.70.4−0.23.02.21.9
Ethiopia19.18.38.99.67.08.28.68.76.39.16.86.6
Gabon−1.5−5.92.43.21.41.52.92.40.7−0.51.32.3
Gambia, The0.13.13.2−7.32.31.6−2.21.1−0.80.32.22.0
Ghana3.62.25.211.26.64.61.41.21.15.73.64.9
Guinea1.41.52.93.21.31.11.04.04.13.23.3
Guinea-Bissau2.81.13.85.8−3.81.0−1.23.83.53.23.23.2
Kenya1.80.56.13.41.53.12.42.82.91.92.63.2
Lesotho4.02.96.06.44.61.92.71.72.62.71.41.7
Liberia25.90.92.05.05.76.1−1.9−2.5−3.90.10.82.3
Madagascar2.8−7.4−2.5−1.40.2−0.60.50.31.31.32.32.7
Malawi3.55.33.91.9−1.02.32.70.1−0.61.10.61.6
Mali0.91.32.10.1−3.7−0.73.62.62.41.91.61.4
Mauritius3.82.83.93.72.93.03.43.43.83.53.53.6
Mozambique5.03.43.74.14.24.24.53.71.00.20.2−0.2
Namibia2.9−1.24.53.53.13.74.44.0−0.8−2.00.42.4
Niger1.55.1−0.98.52.14.30.81.92.02.02.2
Nigeria4.95.58.32.11.52.63.5−0.1−4.2−1.9−0.6−0.8
Rwanda6.84.14.15.75.72.45.06.33.43.54.65.2
São Tomé & Príncipe3.01.01.51.91.81.71.61.41.61.62.63.2
Senegal1.7−0.41.3−1.11.40.51.13.43.74.14.04.0
Seychelles3.7−1.53.08.22.74.12.93.03.83.52.22.3
Sierra Leone2.30.83.03.912.618.01.3−22.24.01.31.33.3
South Africa3.5−2.91.61.80.71.00.3−0.3−1.0−0.3−0.10.1
South Sudan−54.125.2−0.2−3.1−16.3−13.6−6.7−5.5
Swaziland3.23.42.40.82.23.62.4−0.1−1.2−1.1−2.1−1.1
Tanzania3.62.73.85.32.75.24.94.94.83.14.34.5
Togo−3.42.73.33.63.73.33.23.12.51.82.32.6
Uganda4.74.54.23.4−0.91.71.62.6−0.71.42.12.6
Zambia4.76.07.12.44.41.81.5−0.20.60.50.91.3
Zimbabwe3−8.16.414.415.28.42.40.2−1.1−1.90.4−0.21.5
Sub-Saharan Africa4.21.54.62.71.92.92.71.0−0.90.41.01.3
Median2.90.93.33.32.72.62.41.01.21.32.02.3
Excluding Nigeria and South Africa4.21.23.53.52.73.93.22.21.22.02.32.9
Oil-exporting countries5.83.86.21.91.02.83.0−0.2−4.2−2.2−0.7−0.6
Excluding Nigeria8.0−0.50.71.3−0.13.41.9−0.4−3.9−2.9−1.00.0
Oil-importing countries3.2−0.13.33.32.52.92.41.81.42.12.12.5
Excluding South Africa2.91.84.54.23.74.13.63.02.73.33.23.6
Middle-income countries4.41.24.52.21.92.32.20.3−1.8−0.40.30.6
Excluding Nigeria and South Africa4.70.22.62.63.33.22.31.30.51.11.62.3
Low-income countries3.52.54.74.52.04.84.13.11.92.93.23.4
Excluding low-income countries in fragile situations5.14.05.25.63.85.05.25.13.84.74.44.5
Countries in fragile situations0.90.63.31.10.94.53.21.2−0.20.51.52.0
CFA franc zone2.1−0.21.20.03.21.63.01.60.81.01.82.4
CEMAC3.7−0.50.81.63.0−0.02.3−0.3−2.8−2.4−0.60.9
WAEMU0.60.11.6−1.53.43.23.73.33.83.63.53.4
COMESA (SSA members)3.53.25.74.93.33.83.93.62.33.43.13.5
EAC-53.22.34.74.11.63.53.23.52.82.23.23.6
ECOWAS3.94.16.82.22.33.03.20.4−2.2−0.10.60.6
SACU3.5−2.92.02.01.01.50.6−0.2−0.8−0.30.10.3
SADC4.4−1.32.42.51.82.41.60.6−0.30.10.60.9
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA4.Consumer Prices(Annual average, percent change)
2004-0820092010201120122013201420152016201720182019
Angola20.913.714.513.510.38.87.310.332.431.727.917.0
Benin3.90.42.22.76.71.0−1.10.3−0.80.12.92.9
Botswana9.48.16.98.57.55.94.43.12.83.33.73.8
Burkina Faso3.80.9−0.62.83.80.5−0.30.9−0.20.42.02.0
Burundi11.410.66.59.618.27.94.45.65.516.612.722.1
Cabo Verde2.91.02.14.52.51.5−0.20.1−1.40.81.01.5
Cameroon2.73.01.32.92.42.11.92.70.90.61.11.3
Central African Rep.3.53.51.51.25.96.611.64.54.63.83.53.2
Chad1.510.1−2.11.97.70.21.76.8−1.1−0.92.12.6
Comoros4.04.83.92.25.91.61.32.01.81.02.02.0
Congo, Dem. Rep. of14.646.123.514.90.90.91.21.018.241.525.813.7
Congo, Rep. of3.74.30.41.85.04.60.93.23.20.51.51.6
Côte d’Ivoire3.21.01.44.91.32.60.41.20.70.81.72.0
Equatorial Guinea4.45.75.34.83.43.24.31.71.40.70.62.8
Eritrea16.433.011.23.96.06.510.09.09.09.09.09.0
Ethiopia18.08.58.133.224.18.17.410.17.39.911.28.6
Gabon0.91.91.41.32.70.54.5−0.12.13.02.82.5
Gambia, The6.24.65.04.84.65.26.36.87.28.05.85.0
Ghana13.313.16.77.77.111.715.517.217.512.48.78.0
Guinea25.04.715.521.415.211.99.78.28.28.98.28.0
Guinea-Bissau4.2−1.61.15.12.10.8−1.01.51.51.12.02.2
Kenya8.310.64.314.09.45.76.96.66.38.04.85.0
Lesotho6.95.83.36.05.55.04.64.36.25.65.55.5
Liberia9.87.47.38.56.87.69.97.78.812.411.710.5
Madagascar12.59.09.29.55.75.86.17.46.78.17.86.8
Malawi11.58.47.47.621.328.323.821.921.711.510.47.6
Mali3.12.21.33.15.3−0.60.91.4−1.81.81.41.7
Mauritius7.42.52.96.53.93.53.21.31.03.75.14.5
Mozambique10.23.312.710.42.14.22.32.419.215.36.75.7
Namibia5.49.54.95.06.75.65.33.46.76.15.85.8
Niger4.04.3−2.82.90.52.3−0.91.00.22.43.92.0
Nigeria11.612.513.710.812.28.58.09.015.716.514.014.8
Rwanda10.910.32.35.76.34.21.82.55.74.82.85.0
São Tomé & Príncipe20.817.013.314.310.68.17.05.34.65.55.44.7
Senegal3.3−2.21.23.41.40.7−1.10.10.91.41.51.5
Seychelles9.031.8−2.42.67.14.31.44.0−1.02.93.83.0
Sierra Leone12.59.217.818.513.89.88.39.011.518.013.911.2
South Africa5.57.14.35.05.65.86.14.66.35.35.35.3
South Sudan45.1−0.01.752.8379.8187.9104.1108.2
Swaziland6.27.44.56.18.95.65.75.08.06.35.45.4
Tanzania6.612.17.212.716.07.96.15.65.25.34.85.0
Togo3.83.71.43.62.61.80.21.80.9−0.70.41.2
Uganda7.513.03.715.012.74.93.15.45.55.63.64.3
Zambia13.713.48.58.76.67.07.810.117.96.68.28.0
Zimbabwe139.96.23.03.53.71.6−0.2−2.4−1.61.35.26.3
Sub-Saharan Africa8.89.88.19.49.26.66.37.011.311.09.58.9
Median7.27.34.35.46.04.94.44.35.55.35.15.0
Excluding Nigeria and South Africa9.29.46.510.69.15.75.36.710.710.38.77.1
Oil-exporting countries10.911.412.09.911.17.57.18.817.717.214.613.9
Excluding Nigeria9.08.67.37.58.34.84.68.423.219.116.111.6
Oil-importing countries7.78.65.49.07.95.95.75.66.97.16.35.7
Excluding South Africa9.39.76.211.69.36.05.56.17.28.06.85.9
Middle-income countries8.69.58.58.38.46.96.87.111.611.19.79.3
Excluding Nigeria and South Africa8.88.36.18.36.45.96.06.711.19.88.46.6
Low-income countries9.810.86.913.412.25.44.56.610.310.98.97.6
Excluding low-income countries in fragile situations9.48.95.816.614.46.04.65.96.06.86.55.8
Countries in fragile situations8.310.46.77.47.44.23.46.213.313.310.18.4
CFA franc zone3.02.71.13.23.31.71.21.80.60.91.71.9
CEMAC2.74.51.52.73.82.22.72.71.30.91.61.9
WAEMU3.40.90.83.62.81.3−0.11.00.11.01.91.9
COMESA (SSA members)11.513.07.315.411.36.15.86.78.410.38.87.3
EAC-57.811.65.113.212.36.35.55.75.76.54.65.1
ECOWAS10.310.311.19.610.37.67.38.212.813.111.111.4
SACU5.77.24.45.15.85.86.04.56.25.25.25.3
SADC7.99.86.97.67.16.36.05.510.410.19.07.2
Sources: IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA5.Consumer Prices(End of period, percent change)
2004-0820092010201120122013201420152016201720182019
Angola17.314.015.311.49.07.77.514.341.926.324.615.0
Benin4.1−0.54.01.86.8−1.8−0.82.3−2.73.02.83.0
Botswana9.95.87.49.27.44.13.83.13.02.93.53.7
Burkina Faso4.1−1.8−0.35.11.70.1−0.11.3−1.62.12.02.0
Burundi12.54.64.114.911.89.03.77.19.510.518.924.7
Cabo Verde3.5−0.43.43.64.10.1−0.4−0.5−0.30.31.01.5
Cameroon3.10.92.62.72.51.72.61.50.30.81.11.3
Central African Rep.4.7−1.22.34.35.95.99.74.84.73.63.63.4
Chad3.34.7−2.210.72.10.93.74.1−4.97.2−2.35.4
Comoros4.42.26.74.91.03.50.02.00.82.93.52.0
Congo, Dem. Rep. of17.253.49.88.72.81.11.00.923.655.029.515.8
Congo, Rep. of6.0−1.82.61.87.52.10.54.1−0.01.81.81.9
Côte d’Ivoire3.9−1.75.12.03.40.40.91.4−0.21.12.02.0
Equatorial Guinea4.35.05.44.92.64.92.61.62.0−0.21.34.0
Eritrea17.522.214.212.32.99.510.09.09.09.09.09.0
Ethiopia19.37.114.635.915.07.77.110.06.713.610.08.0
Gabon1.10.90.72.32.23.31.7−1.24.13.02.82.5
Gambia, The5.22.75.84.44.95.66.96.77.96.95.14.8
Ghana13.79.56.98.48.113.517.017.715.411.88.08.0
Guinea24.67.920.819.012.810.59.07.38.79.58.08.0
Guinea-Bissau4.9−6.45.73.41.6−0.1−0.12.41.6−1.32.02.3
Kenya9.08.05.818.93.27.16.08.06.34.55.15.0
Lesotho7.23.53.67.25.05.52.07.54.46.05.55.5
Liberia9.59.76.611.47.78.57.78.012.513.911.010.0
Madagascar13.68.010.26.95.86.36.07.67.08.17.96.2
Malawi11.67.66.39.834.623.524.224.920.07.19.07.5
Mali3.71.71.95.32.40.01.21.0−0.81.11.61.7
Mauritius7.31.56.14.93.24.10.21.32.34.25.94.7
Mozambique9.24.216.65.52.23.01.111.121.17.26.55.5
Namibia6.17.93.17.46.44.94.63.77.35.25.75.8
Niger5.3−3.11.41.40.71.1−0.62.2−2.24.81.92.1
Nigeria10.313.911.810.312.08.08.09.618.515.414.516.6
Rwanda11.45.70.28.33.93.62.14.57.30.75.05.0
São Tomé & Príncipe21.916.112.911.910.47.16.44.05.15.85.04.5
Senegal3.84.32.71.1−0.1−0.80.42.10.31.51.5
Seychelles16.1−2.50.45.55.83.40.53.2−0.23.53.83.3
Sierra Leone12.410.818.416.912.08.59.810.117.413.813.09.9
South Africa6.46.33.56.25.75.45.35.36.74.75.65.3
South Sudan25.2−8.89.9109.9479.7117.796.4125.1
Swaziland7.74.54.57.88.34.46.24.99.04.76.04.9
Tanzania7.112.25.619.812.15.64.86.85.04.05.05.0
Togo4.90.63.81.52.8−0.41.81.60.5−1.62.40.2
Uganda8.410.91.523.74.35.52.18.45.73.34.04.5
Zambia13.49.97.97.27.37.17.921.17.56.18.08.0
Zimbabwe1−7.73.24.92.90.3−0.8−2.5−0.93.57.94.9
Sub-Saharan Africa8.99.17.710.08.26.16.18.112.510.39.69.3
Median7.34.75.37.05.04.43.74.55.14.75.14.9
Excluding Nigeria and South Africa9.67.67.111.86.95.25.28.511.39.68.47.0
Oil-exporting countries9.812.010.89.510.56.87.110.121.015.614.415.1
Excluding Nigeria8.47.38.07.36.64.05.011.627.816.114.311.4
Oil-importing countries8.47.15.510.46.55.55.36.76.86.86.55.7
Excluding South Africa10.07.76.813.37.05.65.27.56.97.96.95.9
Middle-income countries8.59.17.88.58.16.66.68.012.910.09.89.8
Excluding Nigeria and South Africa8.86.27.28.45.55.95.98.411.68.27.96.3
Low-income countries10.79.37.115.98.54.44.48.611.011.28.97.7
Excluding low-income countries in fragile situations10.17.57.120.69.15.03.97.55.76.96.25.6
Countries in fragile situations9.38.26.47.06.92.94.18.114.714.010.49.0
CFA franc zone3.70.12.83.52.91.21.31.6−0.11.71.62.1
CEMAC3.41.92.24.03.22.52.41.90.52.01.12.5
WAEMU4.0−1.63.33.02.70.00.31.3−0.51.42.01.9
COMESA (SSA members)12.510.77.517.67.46.35.38.57.910.89.17.2
EAC-58.49.94.419.66.66.14.57.55.94.05.05.2
ECOWAS9.610.710.29.110.27.17.48.714.612.311.312.6
SACU6.56.33.66.35.85.35.25.16.64.75.55.2
SADC8.49.06.18.26.95.65.37.211.59.39.07.0
Sources: IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA6.Total Investment(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola27.742.828.226.426.726.127.534.526.926.524.926.5
Benin20.721.923.124.122.627.828.625.624.628.428.326.3
Botswana30.037.338.138.638.832.727.932.028.628.129.930.6
Burkina Faso18.517.918.015.414.918.721.513.815.817.716.717.0
Burundi14.614.215.114.714.315.415.911.09.07.06.05.0
Cabo Verde40.843.847.647.537.231.637.038.837.438.436.037.8
Cameroon20.929.128.028.027.928.329.327.727.526.226.226.4
Central African Rep.10.113.214.312.215.08.710.213.913.713.214.014.6
Chad22.530.134.428.431.427.430.426.916.721.222.824.0
Comoros10.712.415.414.916.820.418.518.421.021.221.221.1
Congo, Dem. Rep. of11.013.913.710.114.216.822.820.211.812.012.213.2
Congo, Rep. of24.427.922.225.731.033.048.047.246.323.719.218.7
Côte d’Ivoire10.08.713.44.016.120.719.720.120.721.122.624.0
Equatorial Guinea29.539.438.132.041.130.329.521.710.47.07.522.8
Eritrea15.99.39.310.09.59.38.58.18.17.87.27.0
Ethiopia122.724.725.532.137.134.138.039.438.039.037.738.6
Gabon25.429.126.123.829.133.335.934.834.231.530.931.8
Gambia, The21.119.621.318.927.820.020.919.718.727.730.527.3
Ghana22.221.425.912.817.013.318.816.714.513.614.215.3
Guinea12.06.35.59.114.711.66.47.325.222.317.913.8
Guinea-Bissau11.010.810.89.96.77.211.48.28.08.811.611.8
Kenya18.919.320.721.721.520.122.417.714.917.018.119.1
Lesotho22.627.926.825.231.430.230.728.727.932.337.135.4
Liberia2
Madagascar29.735.623.417.617.615.915.613.115.315.917.419.8
Malawi19.424.422.812.412.012.712.012.210.813.713.412.9
Mali22.422.024.019.717.217.820.418.418.618.919.619.5
Mauritius25.621.323.726.024.825.223.021.220.420.520.620.7
Mozambique15.114.618.325.747.454.555.445.342.744.054.786.3
Namibia23.724.722.918.925.621.234.832.925.622.723.523.7
Niger23.232.149.543.939.540.239.342.537.036.638.338.9
Nigeria16.519.417.316.214.914.915.815.512.612.913.213.4
Rwanda18.123.423.023.525.826.525.326.525.923.424.925.9
São Tomé & Príncipe41.638.955.944.635.628.225.232.127.732.222.322.7
Senegal26.322.122.125.629.327.524.525.226.926.327.627.6
Seychelles28.627.336.635.438.138.537.733.830.230.729.930.9
Sierra Leone10.210.031.141.927.912.713.113.812.319.118.417.8
South Africa20.220.719.519.720.021.220.521.019.418.618.718.8
South Sudan5.510.712.820.614.517.38.46.36.7
Swaziland16.615.214.312.812.112.712.912.111.711.712.011.6
Tanzania26.325.127.333.228.530.330.127.224.627.930.030.8
Togo21.321.121.625.723.329.627.932.231.123.427.726.2
Uganda29.327.126.728.728.427.425.724.824.425.027.630.7
Zambia33.230.329.933.631.834.034.042.841.841.943.142.5
Zimbabwe314.722.420.312.011.511.912.615.619.618.818.2
Sub-Saharan Africa20.322.621.320.521.121.122.122.019.819.920.421.4
Median21.722.023.023.625.223.223.821.520.821.821.722.7
Excluding Nigeria and South Africa22.625.624.823.725.725.126.926.524.424.525.126.7
Oil-exporting countries19.124.320.418.718.718.419.719.916.415.916.016.7
Excluding Nigeria25.536.629.025.028.527.330.031.426.624.123.325.2
Oil-importing countries21.121.421.921.822.923.223.923.522.222.623.324.4
Excluding South Africa21.721.923.423.224.724.425.925.023.724.625.627.0
Middle-income countries19.922.620.619.519.819.820.620.818.317.918.218.7
Excluding Nigeria and South Africa23.328.125.623.325.724.626.627.123.923.023.224.3
Low-income countries21.822.623.824.125.725.727.325.924.826.227.129.1
Excluding low-income countries in fragile situations23.724.226.030.031.431.933.131.630.131.733.035.7
Countries in fragile situations17.318.519.314.717.818.220.719.518.917.817.918.3
CFA franc zone20.824.225.222.626.126.628.126.224.723.123.624.8
CEMAC23.730.929.427.531.429.732.930.427.023.223.125.4
WAEMU18.117.721.217.821.023.623.622.622.723.024.024.4
COMESA (SSA members)22.523.023.024.224.924.426.125.824.325.526.027.1
EAC-523.323.124.227.125.425.425.822.920.822.724.525.8
ECOWAS17.219.118.516.416.216.117.116.614.715.015.515.8
SACU20.721.420.320.420.921.621.221.819.919.219.419.6
SADC22.124.722.322.522.823.723.924.922.222.322.824.1
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA7.Gross National Savings(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola42.332.737.339.038.832.824.524.521.822.022.726.4
Benin14.013.614.916.815.120.420.016.615.219.019.818.4
Botswana40.425.234.741.440.341.543.240.240.238.938.238.1
Burkina Faso8.113.215.811.58.27.413.45.38.59.38.710.1
Burundi1.59.23.71.0−3.8−4.3−3.4−6.7−4.1−5.7−7.2−6.9
Cabo Verde31.329.235.231.224.626.827.935.634.729.626.527.8
Cameroon19.525.925.525.224.624.825.323.924.323.723.724.1
Central African Rep.4.64.14.14.610.45.74.64.94.64.43.85.8
Chad23.021.925.922.623.618.221.513.37.516.018.518.5
Comoros4.45.515.08.911.313.312.217.813.616.414.212.6
Congo, Dem. Rep. of7.08.412.58.06.211.818.216.58.711.512.512.3
Congo, Rep. of27.713.329.639.748.846.849.3−6.9−27.811.122.223.5
Côte d’Ivoire11.115.415.314.414.919.421.219.519.619.921.122.7
Equatorial Guinea36.029.717.826.440.027.825.24.0−1.56.56.69.4
Eritrea12.81.63.213.212.212.912.56.86.05.55.74.8
Ethiopia119.715.424.533.131.228.130.732.432.732.131.232.3
Gabon41.733.541.047.847.040.543.529.224.126.729.329.9
Gambia, The12.67.15.07.320.89.710.04.79.913.412.010.3
Ghana14.116.017.33.85.31.39.39.07.89.110.111.3
Guinea8.10.6−0.9−9.3−5.2−1.0−7.0−8.1−6.7−0.7−1.23.8
Guinea-Bissau7.55.02.58.7−1.72.612.010.59.38.98.49.2
Kenya16.314.914.812.513.111.312.010.99.810.612.013.5
Lesotho37.629.517.911.723.024.625.824.220.525.425.023.3
Liberia
Madagascar16.714.613.210.710.210.115.311.215.812.513.415.0
Malawi12.820.526.23.82.84.33.72.8−2.83.74.44.8
Mali15.615.613.314.715.014.915.713.011.412.712.713.1
Mauritius20.015.014.313.218.519.017.016.316.313.512.311.0
Mozambique9.44.48.14.414.911.517.25.03.427.937.841.7
Namibia30.423.219.415.919.917.224.120.311.521.319.918.6
Niger14.17.725.518.823.423.423.722.021.623.422.222.2
Nigeria30.624.120.818.818.718.616.012.313.215.313.813.9
Rwanda6.06.66.44.97.310.510.07.56.112.512.613.5
São Tomé & Príncipe14.314.233.016.913.714.53.319.521.819.311.012.8
Senegal16.715.417.717.618.417.015.518.221.316.919.720.1
Seychelles14.812.417.212.417.026.514.615.212.014.715.517.0
Sierra Leone4.5−1.79.6−16.9−4.0−4.8−7.2−5.9−6.4−0.81.8−2.8
South Africa16.018.018.017.514.815.315.216.616.116.315.815.8
South Sudan23.3−5.28.918.97.319.02.50.22.4
Swaziland15.26.43.29.116.919.620.117.528.426.327.426.6
Tanzania20.918.321.221.619.314.921.824.923.124.124.624.8
Togo13.215.915.817.915.716.417.921.221.515.219.919.8
Uganda26.621.418.818.821.720.217.918.121.020.420.821.2
Zambia32.136.237.438.337.133.436.138.937.338.640.540.6
Zimbabwe35.621.222.06.55.67.28.019.124.823.623.1
Sub-Saharan Africa22.620.320.519.619.118.318.216.115.917.617.518.2
Median15.415.017.315.315.415.917.115.814.415.715.716.4
Excluding Nigeria and South Africa21.619.121.621.121.319.420.918.417.519.420.321.4
Oil-exporting countries31.525.423.823.023.121.819.214.214.016.515.816.5
Excluding Nigeria33.828.931.733.434.530.027.519.016.119.621.223.4
Oil-importing countries16.916.718.117.016.115.717.417.617.318.318.719.2
Excluding South Africa17.615.818.216.816.915.918.718.217.919.420.120.9
Middle-income countries24.222.021.320.219.919.118.115.715.416.916.617.1
Excluding Nigeria and South Africa25.723.324.924.425.823.023.019.217.319.220.321.6
Low-income countries16.213.917.517.516.115.418.517.517.719.720.321.1
Excluding low-income countries in fragile situations18.615.619.721.621.719.522.622.522.624.825.326.1
Countries in fragile situations13.412.215.614.212.013.716.310.08.712.614.014.8
CFA franc zone20.019.621.122.624.523.124.315.914.117.719.320.1
CEMAC27.525.226.530.234.029.730.715.410.718.821.322.2
WAEMU12.914.316.015.315.116.818.316.417.016.917.918.6
COMESA (SSA members)18.216.419.019.418.818.019.719.619.820.621.021.8
EAC-519.116.917.216.316.414.016.316.816.417.318.018.8
ECOWAS25.521.319.416.416.616.515.312.313.014.713.914.3
SACU17.418.318.518.316.116.616.917.817.217.717.217.1
SADC20.219.821.420.919.318.518.819.318.319.619.920.4
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA8.Overall Fiscal Balance, Including Grants(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola4.6−7.43.48.74.6−0.3−6.6−3.3−4.8−5.6−1.7−2.2
Benin−0.6−3.1−0.4−1.3−0.3−1.9−2.3−7.6−5.9−5.8^.7−2.0
Botswana4.5−13.6−7.9−0.10.95.63.7−4.6−1.10.4−1.21.1
Burkina Faso−0.8−4.7−4.6−2.3−3.1−4.0−2.0−2.4−3.5−8.2−5.0−3.0
Burundi−8.2−5.1−3.6−3.5−3.8−1.8−3.6−5.3−6.2−8.4−9.3−9.6
Cabo Verde−3.4−5.8−10.5−7.7−10.3−9.3−7.6−4.6−3.1−3.0−3.2−5.9
Cameroon7.8−0.0−1.0−2.4−1.4−3.7−4.2−4.4−6.2−4.3−2.2−1.8
Central African Rep.0.5−0.6−1.5−2.4−0.0−6.53.0−0.61.6−1.41.50.3
Chad1.2−9.2−4.22.40.5−2.1−4.2−4.4−2.0−0.90.9−0.1
Comoros−1.70.67.01.43.317.8−0.54.3−7.3−3.1−2.8−3.6
Congo, Dem. Rep. of0.11.0−0.9−0.92.02.00.1−0.2−1.0−2.50.10.1
Congo, Rep. of14.64.915.515.47.5−5.0−16.7−27.2−22.6−7.23.95.0
Côte d’Ivoire−1.0−1.4−1.8−4.0−3.1−2.2−2.2−2.8−3.9−4.3−3.7−3.0
Equatorial Guinea16.3−6.5−4.50.8−7.2−4.4−7.6−16.3−12.0−2.9−1.1−0.4
Eritrea−17.9−14.7−16.9−16.1−15.7−15.5−14.8−14.8−14.7−14.5−13.2−12.9
Ethiopia1−3.4−0.9−1.3−1.6−1.2−1.9−2.6−1.9−2.3−3.3−2.5−2.4
Gabon8.56.82.71.76.2−3.16.0−1.1−4.7−1.80.81.0
Gambia, The−3.2−2.7−4.7−4.7−4.4−8.5−5.8−8.1−9.7−3.9−2.2−2.4
Ghana−5.2−7.2−10.1−7.4−11.3−12.0−10.9−5.4−8.9−5.0−5.0−3.6
Guinea−1.1−4.9−9.6−0.9−2.5−3.9−3.2−6.9−0.1−0.3−2.1−2.0
Guinea-Bissau−5.42.9−0.2−1.4−2.3−1.8−2.6−3.0−4.7−1.5−2.2−2.3
Kenya−1.9−4.3−4.4−4.1−5.0−5.7−7.4−8.1−8.3−8.5−7.5−6.2
Lesotho7.6−2.9−3.8−8.94.5−1.70.3−1.0−6.3−6.5−5.3−4.9
Liberia−1.1−11.2−6.9−4.2−2.9−5.9−3.1−4.4−3.7−4.5^.1−4.0
Madagascar−2.6−2.5−0.9−2.4−2.6−4.0−2.3−3.3−1.3−3.5−3.0−5.1
Malawi−2.3−3.61.8−4.1−1.8−6.4−4.8−6.2−7.3−6.8−2.8−3.7
Mali3.6−3.7−2.6−3.4−1.0−2.4−2.9−1.8−3.9−2.9−3.3−3.0
Mauritius−3.8−3.5−3.2−3.2−1.8−3.5−3.2−3.5−3.6−3.3−3.4−3.3
Mozambique−2.9−4.9−3.8−4.8−3.9−2.7−10.7−7.2−6.2−5.5−7.5−10.8
Namibia2.0−0.1−4.6−7.0−2.4−3.3−6.0−8.2−9.1−6.1−7.7−9.5
Niger7.1−5.3−2.4−1.5−1.1−2.6−8.0−9.1−6.1−5.1−6.1−5.8
Nigeria4.7−5.4−4.20.40.2−2.3−2.1−3.5−3.9−5.8^.8−4.6
Rwanda0.60.3−0.7−0.9−2.5−1.3−4.0−2.8−2.3−2.5−2.0−2.0
São Tomé & Príncipe30.7−19.3−11.7−12.5−11.21.9−5.3−6.3−2.7−2.6−2.4−2.8
Senegal−2.5−4.6−4.9−6.1−5.2−5.5−5.0−4.8−4.2−4.5−3.5−3.0
Seychelles−0.74.80.53.42.90.43.71.90.21.00.61.1
Sierra Leone2.2−2.3−5.0−4.5−5.2−2.4−3.6−4.5−8.5−9.2−8.2−6.5
South Africa0.1−5.2−5.0−4.1−4.4−4.3−4.3−4.8−4.1−4.5^.2−4.1
South Sudan4.6−14.8−3.5−9.2−20.3−21.3−2.9^.8−4.0
Swaziland1.3−2.9−9.0−3.83.50.8−1.1−4.5−10.4−7.9−7.4−6.0
Tanzania−2.5−4.5−4.8−3.6−4.1−3.9−3.0−3.3−2.2−2.7^.4−4.6
Togo−1.5−3.7−2.3−6.3−6.5−5.2−6.8−8.8−9.6−0.5−3.2−0.7
Uganda−0.8−2.1−5.7−2.7−3.0−4.0−4.7−4.6−4.9−3.2−5.3−6.5
Zambia2.1−2.1−2.4−1.8−2.8−6.2−5.7−9.3−5.8−7.3−7.8−7.4
Zimbabwe2−3.5−2.00.7−0.50.0−1.7−1.4−1.0−8.4−9.6−3.1−1.9
Sub-Saharan Africa1.7−4.6−3.6−1.2−1.8−3.2−3.8−4.5−4.6−5.0−4.0−3.9
Median−0.8−3.5−3.7−2.4−2.5−3.3−3.6−4.5−4.8−4.3−3.3−3.0
Excluding Nigeria and South Africa1.2−3.7−2.1−0.4−1.7−3.3−4.8−5.0−5.2−4.8−3.6−3.4
Oil-exporting countries5.5−5.0−2.22.20.7−2.2−3.3−4.3−4.7−5.4−3.6−3.6
Excluding Nigeria7.1−4.12.35.61.7−1.9−6.0−6.4−6.4−4.8−1.2−1.3
Oil-importing countries−0.6−4.3−4.5−3.8−3.8−4.0−4.3−4.6−4.5−4.7−4.3−4.1
Excluding South Africa−1.2−3.5−4.0−3.5−3.3−3.9−4.3−4.5−4.8−4.8−4.4−4.0
Middle-income countries2.3−4.9−3.7−1.1−1.7−3.3−3.8−4.6−4.9−5.3−4.2−4.0
Excluding Nigeria and South Africa2.7−4.1−1.50.6−1.1−3.7−5.7−5.8−6.4−5.4−3.8−3.3
Low-income countries−1.3−3.1−3.0−1.9−2.5−2.6−3.7−4.1−3.7−3.9−3.4−3.5
Excluding low-income countries in fragile situations−1.6−2.9−3.4−2.6−2.6−3.0−4.0−3.6−3.2−3.7−4.0−4.1
Countries in fragile situations0.4−2.3−0.7−0.1−1.7−2.4−4.0−5.4−5.0−4.4−2.5−2.3
CFA franc zone4.7−2.0−0.8−0.4−1.3−3.4−4.0−6.0−5.9−4.1−2.5−1.8
CEMAC9.2−0.81.02.40.1−3.8−4.7−8.1−7.6−3.5−0.3−0.1
WAEMU−0.1−3.2−2.7−3.7−2.9−3.1−3.4−4.1−4.5−4.6−4.0−3.0
COMESA (SSA members)−1.7−2.2−2.7−2.5−2.2−3.2−4.0−4.4−4.8−5.5−4.5−4.2
EAC-5−1.9−3.7−4.5−3.4−4.2−4.5−5.2−5.6−5.5−5.6−6.0−5.6
ECOWAS2.9−5.1−4.5−0.9−1.1−3.2−2.8−3.7−4.4−5.4−4.6−4.2
SACU0.4−5.3−5.1−4.0−4.0−3.8−3.9−4.8−4.2−4.4−4.2−4.1
SADC0.3−5.0−3.4−1.8−2.2−2.9−4.3−4.3−4.1−4.6−3.7−3.7
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA9.Overall Fiscal Balance, Excluding Grants(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola4.4−7.43.48.74.6−0.3−6.6−3.3−4.8−5.6−1.7−2.2
Benin−2.7−6.0−1.8−3.7−2.1−2.8−3.2−8.2−6.6−6.8−6.1−3.7
Botswana3.8−14.6−8.2−0.60.85.33.4−4.7−1.20.3−1.41.0
Burkina Faso−10.2−10.6−9.0−7.3−8.0−9.5−6.1−6.1−6.2−10.9−8.5−6.7
Burundi−24.2−24.0−26.3−25.3−21.9−19.2−17.3−14.9−9.1−11.2−12.0−12.3
Cabo Verde−9.1−11.4−17.3−10.6−13.1−11.9−9.4−7.0−5.8−6.5−5.1−7.2
Cameroon2.0−0.8−1.5−2.8−1.8−4.0−4.4−4.5−6.4−4.5−2.5−2.1
Central African Rep.−5.5−5.9−7.0−4.9−4.9−9.3−7.8−7.8−4.4−5.9−6.1−6.1
Chad−0.7−11.8−5.50.8−2.2−4.3−6.1−7.8−4.9−4.7−3.5−3.6
Comoros−7.8−9.1−7.8−6.0−6.0−9.7−9.8−10.8−16.1−17.0−15.9−14.6
Congo, Dem. Rep. of−1.0−1.9−4.4−2.8−0.10.2−4.2−3.4−3.5−4.4−1.8−1.8
Congo, Rep. of14.24.615.514.97.3−5.4−17.2−28.1−23.4−7.83.34.5
Côte d’Ivoire−2.1−1.9−2.3−4.3−3.7−3.5−3.9−4.3−5.2−5.4−4.9−4.6
Equatorial Guinea16.3−6.5−4.50.8−7.2−4.4−7.6−16.3−12.0−2.9−1.1−0.4
Eritrea−24.8−17.3−21.7−19.1−16.8−16.8−15.8−15.6−15.8−15.5−14.1−13.7
Ethiopia1−7.5−5.2−4.5−4.8−2.9−3.4−3.7−3.0−3.2−4.0−3.3−3.2
Gabon8.56.82.71.76.2−3.16.0−1.1−4.7−1.80.81.0
Gambia, The−4.8−6.9−8.7−9.9−13.4−10.8−9.5−10.0−11.4−15.0−14.9−12.5
Ghana−8.6−10.2−12.4−9.5−12.8−12.5−11.7−7.3−9.5−5.8−5.3−3.9
Guinea−1.7−5.1−9.9−3.5−4.6−5.0−6.3−8.1−1.4−1.9−4.2−3.5
Guinea-Bissau−14.2−13.0−9.8−8.1−4.7−5.2−12.1−9.5−8.7−6.1−6.8−7.2
Kenya−2.9−5.0−5.0−4.6−5.5−6.2−7.9−8.6−8.7−9.0−8.1−6.7
Lesotho6.1−5.6−10.4−15.8−3.0−5.8−1.4−4.0−8.9−8.6−7.4−6.9
Liberia−1.7−16.4−10.8−7.8−8.2−12.7−17.8−22.1−21.5−20.5−19.1−17.8
Madagascar−9.2−2.8−4.3−3.8−5.3−4.6−4.8−4.8−6.8−5.9−7.8
Malawi−12.3−11.1−8.2−7.7−10.6−13.1−8.0−9.9−10.3−10.5−7.0−6.2
Mali−6.2−7.8−5.1−6.6−1.2−5.2−5.1−4.5−5.5−4.5−4.5−4.5
Mauritius−4.1−5.0−3.9−3.9−2.5−3.9−3.4−3.6−4.2−4.8−4.9−4.8
Mozambique−9.7−13.3−12.0−12.3−8.9−7.9−15.0−10.2−8.3−7.0−8.8−12.0
Namibia1.9−0.4−4.7−7.1−2.5−3.5−6.1−8.3−9.1−6.2−7.7−9.6
Niger−7.6−9.7−7.0−5.2−7.2−10.6−13.5−14.5−12.2−12.3−13.0−13.4
Nigeria4.7−5.4−4.20.40.2−2.3−2.1−3.5−3.9−5.8−4.8−4.6
Rwanda−9.8−11.1−12.5−12.3−10.2−10.6−11.7−9.0−7.4−7.3−6.8−6.0
São Tomé & Príncipe−7.9−34.6−31.4−32.0−29.4−11.0−15.3−17.7−17.6−16.8−15.5−15.5
Senegal−4.5−7.6−7.4−8.3−8.0−8.1−8.4−7.7−7.0−7.3−6.2−5.6
Seychelles−1.80.8−0.30.9−1.9−3.90.51.1−1.1−0.9−1.3−0.3
Sierra Leone−7.5−8.4−10.3−10.1−9.0−5.0−7.8−9.9−11.5−11.7−10.4−8.4
South Africa0.1−5.2−5.0−4.1−4.4−4.3−4.3−4.8−4.1−4.5−4.2−4.1
South Sudan1.7−20.9−9.9−15.6−26.8−21.4−2.9−4.8−4.0
Swaziland0.8−3.4−9.0−3.83.40.3−2.8−5.1−11.2−8.6−8.1−6.6
Tanzania−7.2−8.1−8.2−6.9−7.0−6.3−4.7−4.1−2.9−3.6−5.4−5.6
Togo−2.5−5.1−4.2−9.3−8.9−8.6−9.2−11.1−12.4−3.0−7.1−4.6
Uganda−6.0−8.2−4.4−4.9−5.0−5.8−5.9−6.0−4.5−6.6−7.6
Zambia−5.7−4.5−3.9−2.4−4.5−7.6−6.5−9.5−6.0−7.6−8.7−8.0
Zimbabwe2−3.5−2.50.7−0.50.0−1.7−1.4−1.0−8.4−9.6−3.1−1.9
Sub-Saharan Africa0.4−5.6−4.4−2.0−2.5−3.9−4.5−5.1−5.2−5.5−4.7−4.4
Median−4.3−6.3−7.0−4.8−4.7−5.3−6.5−7.8−7.0−6.2−6.1−5.6
Excluding Nigeria and South Africa−1.9−5.9−4.0−2.1−3.3−4.8−6.4−6.4−6.3−5.9−4.8−4.5
Oil-exporting countries5.0−5.1−2.32.00.5−2.4−3.5−4.5−4.7−5.5−3.7−3.6
Excluding Nigeria5.7−4.52.15.21.2−2.5−6.6−7.0−6.7−5.0−1.5−1.6
Oil-importing countries−2.3−5.9−5.9−5.0−4.9−5.2−5.5−5.7−5.4−5.6−5.3−5.0
Excluding South Africa−5.0−6.5−6.7−5.9−5.4−5.8−6.3−6.2−6.2−6.2−5.8−5.4
Middle-income countries1.7−5.2−3.9−1.3−1.9−3.5−4.0−4.7−5.0−5.5−4.4−4.2
Excluding Nigeria and South Africa0.9−5.0−2.30.0−1.7−4.2−6.2−6.4−6.9−6.0−4.3−3.8
Low-income countries−6.4−7.2−6.8−5.3−5.5−5.6−6.6−6.5−5.5−5.8−5.4−5.3
Excluding low-income countries in fragile situations−7.4−7.5−7.5−6.6−5.7−5.9−6.2−5.4−4.7−5.2−5.6−5.7
Countries in fragile situations−2.8−4.9−3.2−2.3−4.0−4.9−7.2−8.3−7.3−6.5−4.6−4.4
CFA franc zone1.3−3.7−2.1−1.7−2.6−5.1−5.7−7.6−7.4−5.7−4.2−3.7
CEMAC6.8−1.50.51.9−0.5−4.2−5.3−8.8−8.4−4.2−1.2−0.8
WAEMU−4.6−6.0−4.9−6.0−5.0−6.0−6.1−6.6−6.7−6.7−6.3−5.6
COMESA (SSA members)−5.3−5.1−5.5−4.6−4.0−4.9−5.7−5.7−6.0−6.6−5.7−5.3
EAC-5−5.6−6.6−7.5−6.2−6.4−6.5−6.8−6.9−6.4−6.6−7.0−6.6
ECOWAS1.8−5.9−5.1−1.5−1.6−3.7−3.4−4.3−5.0−6.0−5.3−4.8
SACU0.3−5.4−5.2−4.1−4.1−3.8−4.0−4.9−4.2−4.5−4.3−4.1
SADC−0.5−5.8−4.1−2.4−2.7−3.5−4.8−4.7−4.5−5.0−4.1−4.1
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA10.Government Revenue, Excluding Grants(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola45.534.543.448.846.540.235.327.318.616.418.418.3
Benin16.617.217.516.417.417.616.316.714.717.617.517.4
Botswana41.536.833.935.836.637.438.131.131.932.530.430.3
Burkina Faso13.113.615.315.717.518.917.417.018.419.019.720.3
Burundi13.913.914.516.915.614.014.412.312.111.210.810.7
Cabo Verde22.722.121.822.721.621.921.124.424.224.927.926.8
Cameroon16.515.014.415.815.916.016.416.414.714.715.415.7
Central African Rep.9.410.811.610.811.55.64.97.18.28.38.99.2
Chad14.112.318.923.221.718.515.810.59.610.311.311.3
Comoros14.113.914.316.119.315.514.516.514.514.414.315.7
Congo, Dem. Rep. of8.610.712.111.814.412.914.313.69.28.59.39.3
Congo, Rep. of42.229.936.640.942.544.739.225.126.622.527.227.7
Côte d’Ivoire17.518.017.714.018.618.417.118.518.018.018.118.4
Equatorial Guinea33.733.426.628.328.024.924.428.818.719.818.917.8
Eritrea22.313.313.314.814.214.114.114.013.813.714.214.1
Ethiopia113.911.914.013.413.814.313.814.415.014.214.314.7
Gabon28.729.425.823.530.231.629.721.117.117.419.019.5
Gambia, The15.816.214.916.116.416.318.519.718.419.320.018.2
Ghana13.613.414.417.117.016.317.717.616.616.717.717.8
Guinea9.511.110.612.515.513.713.813.715.015.316.017.0
Guinea-Bissau9.49.110.810.19.18.012.613.812.212.714.315.0
Kenya18.718.119.219.018.719.219.318.718.418.218.418.4
Lesotho48.054.740.539.650.648.248.144.238.437.735.835.0
Liberia15.116.921.921.422.020.214.414.014.014.615.315.5
Madagascar11.79.911.29.79.69.610.110.411.211.712.112.3
Malawi16.419.421.818.418.321.621.821.120.821.821.921.4
Mali15.015.115.214.014.414.514.916.416.718.519.418.7
Mauritius18.620.521.220.720.821.020.521.120.622.522.522.5
Mozambique12.715.617.919.821.926.227.525.024.025.122.122.0
Namibia29.331.528.431.232.533.134.534.931.833.632.430.5
Niger13.714.313.614.215.316.617.618.014.414.215.215.5
Nigeria21.210.112.417.714.311.010.57.65.66.07.67.3
Rwanda12.712.412.813.915.516.216.518.418.418.118.518.0
São Tomé & Príncipe32.117.418.520.216.820.615.116.514.516.315.115.3
Senegal20.819.019.620.520.520.021.522.224.021.322.822.6
Seychelles36.532.934.237.236.733.834.333.436.638.237.036.3
Sierra Leone8.89.19.911.411.310.79.810.811.912.613.613.6
South Africa27.526.526.426.826.927.327.628.128.628.429.029.3
South Sudan22.710.815.420.814.633.640.042.742.7
Swaziland29.629.020.820.630.429.129.527.623.325.823.422.2
Tanzania10.812.112.012.312.713.113.313.714.715.014.815.1
Togo15.114.916.716.217.818.118.319.518.818.219.819.5
Uganda12.210.810.612.811.611.612.313.513.914.414.815.5
Zambia15.213.314.217.117.016.218.118.618.017.517.917.8
Zimbabwe26.211.221.824.224.924.623.824.321.722.523.022.8
Sub-Saharan Africa23.319.020.422.921.720.019.117.416.417.017.817.5
Median15.515.017.117.117.518.117.618.018.017.618.418.0
Excluding Nigeria and South Africa21.519.821.723.723.722.521.619.417.417.217.817.9
Oil-exporting countries25.216.318.824.121.217.816.212.09.29.811.310.7
Excluding Nigeria33.728.833.436.235.832.429.423.317.916.718.418.3
Oil-importing countries22.220.821.622.022.121.821.821.821.321.521.721.8
Excluding South Africa16.415.916.717.217.917.818.017.917.317.417.717.7
Middle-income countries25.520.421.624.523.121.020.017.916.817.518.518.1
Excluding Nigeria and South Africa27.424.726.629.229.527.426.122.719.518.819.619.6
Low-income countries12.312.614.315.415.215.515.615.415.015.215.615.7
Excluding low-income countries in fragile situations12.712.713.514.114.615.415.315.515.615.715.716.0
Countries in fragile situations15.515.017.818.518.718.317.916.215.415.616.516.6
CFA franc zone20.819.619.920.521.921.520.418.717.317.318.218.3
CEMAC24.622.522.724.625.624.923.219.116.116.017.217.3
WAEMU16.716.616.915.617.617.817.518.418.218.318.919.0
COMESA (SSA members)15.014.315.816.216.516.416.716.716.015.916.216.3
EAC-514.514.314.715.215.215.515.816.116.416.516.616.8
ECOWAS19.511.613.317.315.012.512.09.98.99.711.110.8
SACU28.227.226.727.227.728.028.428.628.928.829.129.4
SADC27.225.426.728.228.427.526.925.323.623.223.924.0
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA11.Government Expenditure(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola41.141.940.040.241.840.541.930.623.422.020.120.4
Benin19.423.219.220.119.520.419.424.921.324.423.621.1
Botswana37.651.442.136.435.832.034.735.833.132.331.829.3
Burkina Faso23.324.224.423.025.528.423.523.124.529.928.127.0
Burundi38.138.040.842.237.533.231.827.221.222.422.823.0
Cabo Verde31.833.439.233.334.733.830.531.430.131.433.034.0
Cameroon14.515.716.018.617.820.020.820.921.219.217.917.8
Central African Rep.14.916.618.615.716.414.912.714.912.614.315.015.4
Chad14.824.124.422.423.922.822.018.314.515.014.714.9
Comoros21.923.022.122.125.325.224.327.330.631.530.230.3
Congo, Dem. Rep. of9.612.616.514.614.512.718.517.012.712.911.111.1
Congo, Rep. of28.025.321.126.135.250.156.453.250.030.323.823.2
Côte d’Ivoire19.619.920.018.222.321.921.022.823.323.423.123.0
Equatorial Guinea17.439.831.227.535.229.332.045.130.722.719.918.2
Eritrea47.130.635.133.931.030.830.029.629.629.228.327.9
Ethiopia121.517.118.518.216.617.817.517.318.218.217.617.9
Gabon20.222.623.121.723.934.723.822.321.819.218.218.5
Gambia, The20.623.123.626.029.827.028.029.729.834.334.930.7
Ghana22.123.626.826.629.828.729.425.026.122.523.021.7
Guinea11.216.220.516.020.018.620.221.816.417.120.220.5
Guinea-Bissau23.622.120.518.213.813.224.723.420.918.821.222.2
Kenya21.623.124.223.624.225.427.227.327.227.226.525.0
Lesotho41.960.451.055.453.654.049.548.247.346.343.241.9
Liberia15.933.332.629.230.333.032.336.135.535.134.533.4
Madagascar20.914.114.014.113.414.914.715.116.018.518.020.1
Malawi28.630.530.026.128.934.729.831.031.132.428.927.6
Mali21.222.820.320.615.519.720.020.922.223.023.923.3
Mauritius22.625.625.124.623.324.923.924.624.927.327.327.3
Mozambique22.528.929.932.230.834.142.535.232.432.130.934.0
Namibia27.431.933.138.435.036.640.643.240.939.840.140.0
Niger21.323.920.619.422.527.231.132.526.626.428.228.8
Nigeria16.515.516.617.414.113.412.711.19.511.712.411.9
Rwanda22.523.525.326.225.726.828.327.425.825.425.324.0
São Tomé & Príncipe40.051.949.952.246.231.530.534.332.133.130.630.9
Senegal25.326.627.028.828.528.129.829.931.028.629.028.2
Seychelles38.332.134.636.338.637.833.832.437.739.138.236.6
Sierra Leone16.417.520.221.520.315.717.620.723.324.324.022.0
South Africa27.431.731.430.931.431.631.932.932.732.933.233.4
South Sudan21.031.625.336.441.355.042.947.546.8
Swaziland28.832.429.824.427.028.832.232.734.534.431.528.8
Tanzania18.020.220.219.119.819.417.917.817.718.620.220.8
Togo17.720.020.925.526.726.727.530.731.221.227.024.1
Uganda18.115.318.817.216.616.718.219.419.919.021.423.0
Zambia21.017.818.119.521.523.824.628.124.025.226.625.8
Zimbabwe29.713.721.224.724.826.225.225.330.232.126.224.7
Sub-Saharan Africa22.924.524.824.924.223.823.622.521.522.522.522.0
Median21.523.623.924.425.526.827.527.326.125.426.224.1
Excluding Nigeria and South Africa23.425.725.825.826.927.228.025.823.823.122.622.4
Oil-exporting countries20.221.421.122.020.720.219.716.514.015.214.914.4
Excluding Nigeria28.033.331.331.034.634.936.030.424.521.719.819.8
Oil-importing countries24.526.727.427.027.027.027.327.426.827.027.026.8
Excluding South Africa21.422.423.423.123.323.624.324.123.523.623.523.2
Middle-income countries23.725.625.525.725.024.524.022.721.823.022.922.2
Excluding Nigeria and South Africa26.529.828.829.231.231.632.329.126.424.823.923.4
Low-income countries18.619.821.120.620.721.022.221.920.520.920.921.1
Excluding low-income countries in fragile situations20.120.220.920.620.321.321.520.920.320.821.321.7
Countries in fragile situations18.319.921.020.822.723.225.124.522.722.021.220.9
CFA franc zone19.523.422.022.224.526.526.026.324.723.022.422.0
CEMAC17.824.122.222.626.129.128.427.924.420.218.418.2
WAEMU21.322.621.821.722.623.823.525.024.825.025.224.6
COMESA (SSA members)20.319.421.320.820.621.322.422.522.022.521.921.6
EAC-520.220.922.321.421.622.022.623.022.923.123.723.3
ECOWAS17.717.418.318.816.616.215.314.313.915.716.415.7
SACU27.932.531.931.431.731.932.433.533.133.233.433.5
SADC27.731.230.830.631.131.031.730.028.028.228.028.1
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA12.Government Debt(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola27.822.744.333.829.932.940.764.679.865.373.071.6
Benin24.425.628.729.926.725.330.542.449.754.655.152.6
Botswana7.717.920.420.419.117.417.316.315.515.614.912.8
Burkina Faso32.829.130.728.128.228.830.435.838.338.341.041.3
Burundi134.425.746.942.741.436.135.845.347.256.765.169.4
Cabo Verde73.865.272.478.891.1102.5115.9126.0129.5126.0124.7126.7
Cameroon29.912.014.715.715.418.221.530.931.533.834.334.1
Central African Rep.69.621.121.421.823.538.569.264.056.053.448.644.4
Chad25.831.630.130.628.830.541.543.852.452.548.145.4
Comoros65.153.650.745.742.617.822.625.931.728.428.428.5
Congo, Dem. Rep. of101.684.530.924.522.720.017.516.116.815.714.513.3
Congo, Rep. of119.163.322.223.828.634.247.697.1114.6119.1110.4105.0
Côte d’Ivoire76.664.263.069.245.043.444.847.347.046.448.046.9
Equatorial Guinea2.04.37.97.27.16.312.736.447.942.745.648.4
Eritrea158.4144.6143.8132.4128.3127.5128.7132.5132.8131.2129.4127.3
Ethiopia167.937.840.545.337.742.946.854.055.056.258.356.7
Gabon41.726.021.321.421.431.134.144.764.261.159.359.3
Gambia, The107.362.669.677.377.089.1104.9105.3118.5123.2111.4105.2
Ghana39.236.146.342.647.957.270.272.273.471.869.165.9
Guinea79.961.368.858.127.234.035.142.142.939.743.744.7
Guinea-Bissau197.5159.068.349.853.153.754.950.348.842.040.137.6
Kenya45.241.144.443.043.944.048.651.653.555.658.156.9
Lesotho48.235.331.433.235.337.236.841.235.434.739.541.7
Liberia357.1113.221.719.317.617.921.625.828.334.438.739.1
Madagascar56.633.731.732.233.033.934.735.538.437.337.238.0
Malawi62.935.629.630.643.959.355.261.160.359.357.857.6
Mali29.221.925.324.025.426.427.330.735.935.635.936.6
Mauritius47.350.852.052.251.553.957.560.260.160.259.959.1
Mozambique49.741.943.338.040.153.162.488.1118.8102.2110.1116.6
Namibia24.115.916.327.424.625.025.240.344.846.152.458.5
Niger43.327.724.327.826.926.332.041.045.146.546.247.5
Nigeria15.88.69.612.112.712.913.116.019.623.426.827.4
Rwanda45.219.520.019.920.026.729.133.437.340.641.343.1
São Tomé & Príncipe207.572.479.578.081.071.169.686.094.083.376.972.2
Senegal32.534.235.540.742.846.954.556.960.461.260.658.8
Seychelles155.7106.182.282.580.168.272.768.069.063.358.553.7
Sierra Leone94.148.146.844.836.830.535.045.354.958.463.764.0
South Africa30.530.134.738.241.044.147.049.351.652.754.955.7
South Sudan0.08.917.638.369.386.566.351.048.6
Swaziland14.110.213.714.214.815.314.318.424.829.236.241.0
Tanzania33.524.427.327.829.230.933.837.238.038.239.340.7
Togo92.780.646.747.247.255.760.472.281.678.675.670.6
Uganda39.419.222.423.424.627.730.833.537.239.041.544.5
Zambia54.420.518.920.825.427.136.162.360.762.265.568.0
Zimbabwe251.571.759.348.345.348.349.651.969.878.475.272.6
Sub-Saharan Africa33.326.327.928.528.530.132.438.944.045.948.147.6
Median49.034.831.532.229.933.936.845.351.653.452.452.6
Excluding Nigeria and South Africa47.034.835.732.832.035.040.050.254.753.555.254.7
Oil-exporting countries21.513.216.216.316.317.519.827.334.036.439.338.3
Excluding Nigeria33.622.431.224.223.827.335.356.567.760.263.462.1
Oil-importing countries40.835.536.237.838.240.944.148.450.951.753.453.5
Excluding South Africa52.440.137.737.335.838.642.247.850.551.252.552.4
Middle-income countries28.523.026.427.927.929.131.037.342.845.247.647.0
Excluding Nigeria and South Africa39.730.636.033.632.335.441.354.760.257.459.658.6
Low-income countries58.440.935.231.631.534.338.344.848.048.449.649.7
Excluding low-income countries in fragile situations43.629.331.132.231.135.039.146.849.850.252.352.7
Countries in fragile situations79.959.143.336.533.935.339.545.848.849.249.348.6
CFA franc zone44.833.029.429.826.829.334.544.649.649.849.949.0
CEMAC38.622.017.818.118.322.028.943.951.652.051.150.2
WAEMU51.644.242.143.736.537.240.445.348.148.249.048.1
COMESA (SSA members)59.442.336.936.236.037.941.246.749.351.253.052.8
EAC-542.129.833.232.833.935.539.142.845.047.049.249.7
ECOWAS27.518.618.420.119.220.220.724.429.833.536.135.7
SACU29.429.133.537.039.442.144.647.349.250.452.753.6
SADC34.031.334.935.536.438.742.149.353.652.254.955.3
Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, April 2018.Note: “...” denotes data not available.
Table SA13.Broad Money(Percent of GDP)
2004-0820092010201120122013201420152016201720182019
Angola21.942.535.337.635.436.541.046.441.831.025.125.8
Benin25.033.135.336.234.437.041.342.941.539.846.446.8
Botswana46.752.746.937.536.132.127.327.927.327.726.726.2
Burkina Faso20.425.927.427.528.430.532.138.039.141.543.746.0
Burundi22.324.327.525.725.423.523.022.521.820.723.522.8
Cabo Verde75.177.580.178.582.189.495.698.9104.1102.2102.5101.9
Cameroon17.720.021.221.920.721.321.822.522.723.323.523.5
Central African Rep.15.916.117.819.218.328.529.127.526.224.624.024.1
Chad8.911.011.412.012.413.315.615.915.816.316.617.0
Comoros26.030.434.134.938.336.938.243.545.845.845.845.8
Congo, Dem. Rep. of6.610.110.510.611.611.511.812.112.513.315.415.4
Congo, Rep. of17.123.323.327.233.133.537.746.142.739.138.137.0
Côte d’Ivoire11.314.115.718.715.314.915.015.615.217.219.721.1
Equatorial Guinea6.410.512.310.614.816.714.719.319.219.119.721.5
Eritrea130.2121.6123.2114.6111.8113.3113.596.1100.8101.4101.8101.7
Ethiopia134.624.827.027.625.327.128.128.528.931.731.431.4
Gabon17.020.319.520.523.224.824.425.424.723.924.826.2
Gambia, The39.048.749.955.754.556.658.652.355.058.758.657.9
Ghana22.828.029.930.430.028.832.533.933.932.332.332.7
Guinea13.618.426.425.122.222.623.826.925.524.524.524.5
Guinea-Bissau20.325.328.835.332.632.746.449.247.532.733.935.3
Kenya35.736.540.140.634.535.537.036.033.030.930.232.5
Lesotho28.635.536.332.231.634.130.831.331.131.229.427.2
Liberia13.020.222.726.823.322.222.222.320.519.919.919.9
Madagascar23.624.524.726.125.725.225.426.228.429.829.629.9
Malawi15.819.822.125.125.726.024.524.322.924.024.024.0
Mali25.624.724.524.427.028.227.828.928.829.031.632.2
Mauritius98.599.5100.498.8100.599.8102.9108.5110.6115.6115.6115.6
Mozambique17.024.224.727.730.633.438.542.137.034.334.134.1
Namibia40.863.262.664.057.256.753.655.553.454.154.154.1
Niger13.717.619.519.521.922.626.226.127.126.827.127.4
Nigeria16.024.320.818.821.319.320.920.922.820.720.320.5
Rwanda16.617.218.320.019.820.922.424.823.923.624.926.1
São Tomé & Príncipe33.437.138.738.039.038.338.840.334.632.432.432.4
Senegal34.736.939.740.039.942.646.048.950.850.851.351.3
Seychelles84.655.562.160.252.058.369.166.471.778.579.079.0
Sierra Leone16.722.623.523.121.919.821.724.025.125.225.825.5
South Africa72.577.775.874.672.971.070.873.572.672.672.672.6
South Sudan9.519.814.717.638.228.821.324.522.7
Swaziland19.325.125.324.824.726.225.026.429.529.029.232.5
Tanzania21.823.325.124.723.822.723.324.321.921.421.121.0
Togo30.036.839.843.444.147.746.751.554.256.056.056.0
Uganda18.517.921.719.819.819.921.020.921.922.523.424.3
Zambia18.017.818.419.119.620.520.925.820.620.823.224.1
Zimbabwe210.816.523.125.726.525.527.629.534.546.044.845.7
Sub-Saharan Africa34.739.037.336.236.135.035.837.237.035.935.635.9
Median21.124.625.826.826.528.227.828.928.929.829.429.9
Excluding Nigeria and South Africa24.528.429.129.128.428.830.232.231.030.230.130.6
Oil-exporting countries16.425.622.220.822.921.723.524.925.522.421.521.8
Excluding Nigeria17.428.826.025.626.927.730.235.132.427.0