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Prepared by John Hooley and Monique Newiak.
WAEMU had a per capita income in 1990 of US$805 in PPP terms compared to $1401 in 2013. An SSA peer group consisting of Lesotho, Kenya, Rwanda, Ghana, Tanzania, Zambia, and Uganda had an average per capita income of $765 vs. $2003 in 2013. And an Asian peer group of India, Lao, Bangladesh, Vietnam and Cambodia had an average per capita income of $649 in 1990 vs. $2887 in 2013.
Doing Business indicators should be interpreted with caution because of the limited number of respondents, a limited geographical coverage, and standardized assumptions on business constraints and information availability.
The magnitude of these potential growth gains will vary across member economies, as a function of their different starting structures, productivity levels and extent of diversification.