28-July-2015
English
The economy expanded by 5.1% in 2014, slightly less than the previous year (5.6%) and below projections of 6.7% made at the start of the year. Prospects remain good, with growth projections of 4.6% in 2015 and 4.7% in 2016.
21-July-2015
English
The International Monetary Fund (IMF) ranks Ethiopia as among the five fastest growing economies in the world. After a decade of continuous expansion (during which real GDP growth averaged 10.8% per annum), in 2013/14 the economy grew for its 11th consecutive year posting 10.3% growth.
21-July-2015
English
Eritrea is aiming at creating a modern, private sector-led economy (Macro Policy 1994; National Indicative Development Plan 2014-2018). Attaining this objective is, however, compromised by an inadequately enabling investment and business environment, United Nations sanctions, and overall weak macroeconomic conditions.
21-July-2015
English
Several of Equatorial Guinea’s gas and oil fields matured in 2013, and the subsequent decline in production, on which the country was highly dependent, pushed the economy into recession. Although new fields opened, they did not fully offset the fall in the value of crude-oil production in a context of declining international prices.
21-July-2015
English
GDP growth in the fourth quarter of the 2013/14 Fiscal Year (FY) was 3.7% compared to 1.5% a year earlier. GDP is expected to grow by 3.8% in FY 2014/15 and 4.3% the following year, compared to 2.2% in 2013/14.
21-July-2015
English
With a growth rate of 5.9% in 2014 the country’s economy continued the acceleration witnessed in 2013 (5%).The investment programme, which aims to transform the country into a regional platform of commercial, logistical and financial services, reflects a radical change of direction for the national economy.
21-July-2015
English
The economy continued its robust two-year growth in 2014 at an estimated 8.3%, with similar expansion expected in 2015 and 2016, driven by internal and external demand. Public and private infrastructure investment and household consumption accounted for most internal demand, while external demand boosted commodity exports thanks to higher world prices.
21-July-2015
English
Growth reached 6.0% in 2014, compared with 3.3% in 2013, driven by the rebound in oil production (60% of gross domestic product [GDP]) and the strong performances in the non-oil sector, supported by continued public investment. Inflation declined from 4.6% in 2013 to 3.0% in 2014 as a result of falling food prices
20-July-2015
English
Economic growth of nearly 9% in 2014 was driven by the extractive and manufacturing industries, agriculture, commerce and construction, and benefited from fairly good external demand and quite high raw material prices.