Economic outlook no 93 june 20 oecd annual projections. African countries have a real opportunity to capitalize on their resource endowments and high international commodity prices, as well as on opportunities from changes in the global economy to promote economic transformation through commoditybased industrialization and to address poverty, inequality and unemployment. Annual average human development index growth in africa, 198020 92. Nigerian foreign policy and economic development, 199920.
It contains a large selection of timely statistical indicators. For oecd countries, the economic outlook database includes data on expenditure, foreign trade, output, employment and unemployment, interest and exchange rates, balance of payments, outlays and revenues of government and of households, government debt. African economic outlook 2017 read online oecd ilibrary. The african development bank has published the 2019 african economic outlook. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. For the first time in a decade, investment accounted for more than half the continents growth, with private consumption accounting for less than. Oecd ilibrary is the online library of the organisation for economic cooperation and development oecd featuring its books, papers and statistics and is the gateway to oecds analysis and data. African economic outlook 20 this report is available freeofcharge on. This report, the twelfth edition of the aeo, features in part one an overview of africa. Economic report on africa 20 united nations economic.
The global economic growth outlook has improved, but is clouded by policy uncertainty as. As such, it also measures the income earned from that production, or the total amount spent on final goods and services less imports. Major works cited the 2014 index of economic freedom relies on data from multiple sources to provide a. Equatorial guinea african economic outlook 2015 several of equatorial guineas gas and oil fields matured in 20, and the subsequent decline in production, on which the country was highly dependent, pushed the economy into recession. Reliable information about the coronavirus covid19 is available from the world health organization current situation, international travel. The annual report highlights economic prospects and projections for the continent as a whole and for each of the 54 countries.
Nov 19, 20 oecd economic outlook november 20 the global economic outlook. The oecd economic outlook is the oecd s twiceyearly analysis of the major economic trends and prospects for the next two years. The african economic outlook aeo was prepared by a consortium of three teams from the african development bank afdb, the oecd development centre and the united nations. Gdp and spending gross domestic product gdp oecd data. Economic outlook detailed biannual forecast report of the south african economy for the coming 56 years. The transfer of power after one term of the incumbent appears to be a divergence from the. To buy hard copies, see links on the website above. Stronger growth ahead, but more risks paris, 19th november 20 11h00 paris time pier carlo padoan deputy secretarygeneral and chief economist oecd economic outlook. You can copy, download or print oecd content for your own use, and you can include excerpts from oecd publications.
The theme for this years report is integration for africas economic prosperity. Against this background, the economic development in africa report 20, subtitled intra african trade. Economic overview in brief the south african economy, which grew by an estimated 0. Almost all african countries are expected to register higher growth in 2010 than in 2009.
The african economic outlook aeo celebrates its 15th edition this year. African economic outlook is a reference website which focuses on the economics of most african countries. It offers short and mediumterm forecasts on the main socioeconomic factors, while. The impact of the covid19 outbreak on economic prospects is severe growth was weak but stabilising until the coronavirus covid19 hit. According to the official website, it presents comparative statistics that provide an overview of recent international economic. African economic outlook 20 structural transformation and. The ninth edition of the african economic outlook portrays a continent that is slowly emerging from the lingering effects of the worlds deepest and most widespread economic crisis in half a century. Basic statistics of south africa, 2011 the numbers in parentheses refer to the oecd average land, people and electoral cycle population 1 000. The focus of the 20 edition if structural transformation and natural resources in africa. Data are also available for two major country groupings.
Therefore, the outlook suggests, like last year, a policy driven twoway trade for united states ethanol. African economic outlook is an annual reference bookjournal which focuses on the economics. The oecd factbook, published yearly and available online, as an iphone app and in print. Economic outlook is a twiceyearly analysis available for online viewing, download, and in print published by the organisation for economic cooperation and development oecd with economic analysis and forecasts for future economic performance of oecd countries. This annual report examines africas performance in crucial areas. Africa s sustainable economic and social transformation is a global priority.
The oecd african economic outlook aeo is a highquality, independent tool for monitoring africas economic development on an ongoing basis. The oecd is the source of statistical material contained in. It then focuses on the need to develop africas infrastructure, and recommends new strategies and innovative financing instruments for countries to consider. Developing africas workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. The projections in this economic outlook offer the prospect that fiscal initiatives could catalyse private economic activity and push the global economy to the modestly higher growth rate of around 3. Pocket edition african african economic economic outlook 20. Nine years ago, when the african economic outlook project began, the world was in the midst of what seemed to be a robust growth path. Drawing on the expertise of both the african development bank and the oecd, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the millennium development goals, and governance and political issues. All the oecd countries had a negative growth rate in terms of gdp per capita in 2009. The report is published by the oecd development centre, the african development bank, the united nations development programme. The african economic outlook aeo was prepared by a consortium of three teams from the african development bank afdb, the oecd development centre and the united nations development programme.
Oclcs webjunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus. Africas poor growth performance during this period oecd, 2012. It contains forecast and analysis of the economic situation of the oecd member countries. The focus is on the expected mediumterm business cycle, while also analysing structural changes and emerging trends in the economy. Drawing on the expertise of both the african development bank and the oecd, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the millennium development goals, and governance and. It includes chapters on the experience of different labour market groups since 2007. The african economic outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework. African economic outlook green growth knowledge platform. The african economic outlook was prepared by a consortium of four teams from the african development bank afdb, the oecd development centre, the united nations development programme undp and the economic commission for africa eca. The united states exports will not necessarily all go to brazil, since canadian and european production is expected to be much smaller than. Central african republic african economic outlook 2015 after the fall in production recorded in 20, economic activity in the central african republic car picked up slightly in 2014. We support the implementation of the african union s strategic vision at continental, regional, national and local levels by coproducing cuttingedge data and analysis with our african member states and partners, and facilitating an open dialogue on policies to accelerate that transformation. Oecd main economic indicators, often simply called main economic indicators and abbreviated mei, is a monthly publication by the organisation for economic cooperation and development oecd of economic indicators worldwide with a focus on oecd countries. Oecd 2010, southeast asian economic outlook 2010, oecd publishing.
Africa itself wont pass that landmark until sometime in the 2030s, but when you look at the numbers rather than the percentages, you can see why this years african economic outlook from the oecd development centre, african development bank, and undp is focusing on sustainable cities and structural transformation. Because africa comprises many different, fastchanging countries, the report grasps the shortterm performance of individual economies in their regional context. Africas urbanisation and structural transformation oecd. Making the most of its natural resources oecd observer. Oecd economic outlook oecd economic outlook twice a year, the oecd economic outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Global growth should pick up if major risks do not materialise. Gross domestic product gdp is the standard measure of the value added created through the production of goods and services in a country during a certain period. Developments in major nonoecd economies are also evaluated. Numerous and frequentlyupdated resource results are available from this search. Since the previous economic update of september 2017, a number of important events have improved south africas economic. Africas economic outlook for 2015 how we made it in africa. This annual report examines africa s performance in crucial areas.
The annual african economic outlook aeo monitors the continents state of affairs. Basic statistics of south africa, 2011 the numbers in parentheses refer to the oecd average land, people and electoral cycle population 1 000 000. May 18, 2006 this factfilled reference book brings the reader the latest available economic information for most of the economies of africa. Population size of big cities and level of economic complexity, 20. This was due to the world economic crisis which led to macroeconomic imbalances in these economies oecd, 2009, p. The agricultural sector, which is the chief contributor to gross domestic product gdp, nonetheless continues to lose ground, in particular because of the. Oecd, its development centre or their member countries. African governments want to achieve their objective of boosting intra african trade, they have to create more space for the private sector to play an active role in the integration process. The full african economic outlook report which can be downloaded here, examines recent macroeconomic development and structural changes in africa, and outlines the 2018 prospects. The oecd employment outlook 20 looks at labour markets in the wake of the crisis. Oecd development centre this tenth edition of the african economic outlook finds that the continent is on the rebound and expects its growth performance in the next years to resume at precrisis levels. The assessments given of countries prospects do not necessarily correspond to those of the national authorities concerned. So, instead of putting natural resources aside, african countries should look to them for their strengths and the opportunities they offer to create a diversified economy. Dec 24, 2014 there will be more foreign investments and remittances from non oecd organisation for economic cooperation and development countries that will continue to underpin the positive trend.
Africas economic growth continues to strengthen, reaching an estimated 3. African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. The main version is in english, and it is also published in french and german. The organisation for economic cooperation and development oecd and the food and agriculture organization of the united nations fao have come together for the 14 th year to prepare the oecdfao agricultural outlook 20182027. Corrigenda to the african economic outlook may be found on line at. Africas sustainable economic and social transformation is a global priority.
There were bumps, of course, but the general trend was upwards and the interruptions. We support the implementation of the african unions strategic vision at continental. The outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances. The oecd economic outlook is published on the responsibility of the secretarygeneral of the oecd. Real gdp growth and world trade growth the arithmetic average of world merchandise import and export volumes are seasonally and workingday adjusted annualised rates. African economic outlook 2006 oecd, african development. Adapted from an article that first appeared on the oecd insights blog, 27 may 20, to mark the launch of the african economic outlook 20. The african economic outlook is the only annual report that monitors in detail the economic performance of 53.
Ghanas december 2016 elections led to the transfer of political power to the opposition political party, the new patriotic party, which won the presidential election with 53. African economic outlook 2010 oecd development centre. For instance, the cashrich japanese and south korean corporates will focus on acquisitions in africa. Restrictions on movement of people, goods and services, and containment measures such as factory closures have cut manufacturing and domestic demand sharply in china. For oecd countries, the economic outlook database includes data on expenditure, foreign trade, output, employment and unemployment, interest and exchange rates, balance of payments, outlays and revenues of government and of households, government debt, supply and fiscal indicators.
African economic outlook 20 read online oecd ilibrary. This years edition will for the first time cover eritrea and south sudan. The most affected country with the lowest growth rate was estonia in 2009. Economic outlook no 93 june 20 longterm baseline projections. This factfilled reference book brings the reader the latest available economic information for most of the economies of africa. Economic outlook no 93 june 20 oecd annual projections customise. Oecd ilibrary oecd economic outlook, volume 20 issue 1. The african economic outlook was prepared by a consortium of four teams from the african development bank afdb, the oecd development centre, the united nations development programme undp and the united nations economic commission for africa uneca.
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