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Economic Indicators For: Sub Saharan African › Change country
Countries in this region: Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Congo, Republic of, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Somalia, South Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe

Overview: The global financial crisis has worsened significantly the economic outlook for sub-Saharan Africa. Demand for African exports and commodity export prices have fallen, and remittance flows may be weakening. Tighter global credit and investor risk aversion have led to a reversal of portfolio inflows, less favorable conditions for trade finance, and could lower foreign direct investment. As a result, growth has started to slow markedly and fiscal and balance of payments pressures are mounting. Risks remain high and the prospects for recovery remain uncertain.

Sources: International Monetary Fund (IMF)

GDP Growth (Constant Prices, National Currency) for Sub Saharan African in year 1998 is 2.37 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, US Dollars) for Sub Saharan African in year 1998 is US$ 314.845 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP (PPP), US Dollars for Sub Saharan African in year 1998 is US$ 767.688 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Sub Saharan African in year 1998 is US$ 1,329.70 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Sub Saharan African in year 1998 is 2.04 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Investment (% of GDP) for Sub Saharan African in year 1998 is 18.799 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for Sub Saharan African in year 1998 is 14.137 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation (Average Consumer Price Change %) for Sub Saharan African in year 1998 is 10.278 %. Data for inflation are averages for the year, not end-of-period data.

Inflation (End of Year Change %) for Sub Saharan African in year 1998 is 12.414 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Sub Saharan African in year 1998 is 5.087 %.

Import Volumes of Goods Only (Percent Change) for Sub Saharan African in year 1998 is 2.573 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Sub Saharan African in year 1998 is 2.515 %.

Export Volumes of Goods Only (Percent Change) for Sub Saharan African in year 1998 is 1.507 %.

Terms of Trade of All Items Including Services and Goods (Percent Change) for Sub Saharan African in year 1998 is -8.045 %.

Terms of Trade of Goods (Percent Change) for Sub Saharan African in year 1998 is -9.267 %.

General government revenue (% of GDP) for Sub Saharan African in year 1998 is n/a %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (% of GDP) for Sub Saharan African in year 1998 is n/a %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (% of GDP) for Sub Saharan African in year 1998 is n/a %.

Total Government Gross Debt (% of GDP) for Sub Saharan African in year 1998 is n/a %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Current Account Balance (US Dollars) for Sub Saharan African in year 1998 is US$ -15.516 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Sub Saharan African in year 1998 is -4.928 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Net Private Financial Flows (US Dollars) for Sub Saharan African in year 1998 is US$ 10.609 Billions. Net private financial flows comprises net private direct investment, net private portfolio flows, and net other private financial flows.

Direct Investment, Net (US Dollars) for Sub Saharan African in year 1998 is US$ 4.233 Billions.

Other Private Portfolio Flows, Net (US Dollars) for Sub Saharan African in year 1998 is US$ 3.142 Billions.

Private Financial Flows, Net (US Dollars) for Sub Saharan African in year 1998 is US$ 3.234 Billions. Net other private financial flows is the difference between net other investment and net other official investment.

Net Official Flows (US Dollars) for Sub Saharan African in year 1998 is US$ -0.816 Billions.

Change in National Reserves (US Dollars) for Sub Saharan African in year 1998 is US$ 1.86 Billions. Measured as flows. Comprises monetary gold, SDRs, reserve position in the Fund, foreign exchange assets, and other claims. Official holdings of gold are valued at SDR 35 an ounce. This convention results in a marked underestimation of reserves for countries that have substantial gold holdings. Securities not included are included in direct investment and portfolio investment. A minus sign indicates an increase.

Total External Debt in US Dollars (US$) for Sub Saharan African in year 1998 is US$ 205.464 Billions.

External Debt % GDP (External Debt as a Percentage of GDP) for Sub Saharan African in year 1998 is 65.259 .

External Debt % Exports of Goods and Services (External Debt as a Percentage of Exports of Goods and Services) for Sub Saharan African in year 1998 is 230.395 .

Total External Debt Service in US Dollars (US$) for Sub Saharan African in year 1998 is US$ 29.967 Billions.

Service of External Debt % GDP (External Debt Service as a Percentage of GDP) for Sub Saharan African in year 1998 is 9.518 .

External Debt Servicing as % Exports of Goods and Services (External Debt Service as a Percentage of Exports of Goods and Services) for Sub Saharan African in year 1998 is 33.603 .

Total External Debt Interest in US Dollars (US$) for Sub Saharan African in year 1998 is US$ 8.086 Billions.

Interest on External Debt % GDP (External Debt Interest as a Percentage of GDP) for Sub Saharan African in year 1998 is 2.568 .

Interest on External Debt % Exports of Goods and Services (External Debt Interest as a Percentage of Exports of Goods and Services) for Sub Saharan African in year 1998 is 9.068 .

Total External Debt Amortization in US Dollars (US$) for Sub Saharan African in year 1998 is US$ 21.88 Billions.

Amortization of External Debt % GDP (External Debt Amortization as a Percentage of GDP) for Sub Saharan African in year 1998 is 6.95 .

External Debt Amortized as % Exports of Goods and Services (External Debt Amortization as a Percentage of Exports of Goods and Services) for Sub Saharan African in year 1998 is 24.535 .