AFRICAN ECONOMIC DEVELOPMENT: AN OVERVIEW By Prof. Augustin K. Fosu Visiting Professor of Economics,...
16
AFRICAN ECONOMIC DEVELOPMENT: AN OVERVIEW By Prof. Augustin K. Fosu Visiting Professor of Economics, Aalto University, Helsinki, FINLAND African Economic Development, Lecture 1 19 th May 2015
-
Upload
derek-mcdowell -
Category
Documents
-
view
213 -
download
0
Transcript of AFRICAN ECONOMIC DEVELOPMENT: AN OVERVIEW By Prof. Augustin K. Fosu Visiting Professor of Economics,...
AFRICAN ECONOMIC DEVELOPMENT: AN OVERVIEW
By Prof. Augustin K. FosuVisiting Professor of Economics,Aalto University,Helsinki, FINLAND
African Economic Development, Lecture 119th May 2015
GDP Annual Growth (%), Africa Vs. World (1961-2012)
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
SSA World
Data source: World Bank, 2013
GROWTH RECORD
P.C. GDP Growth Annual Growth, Africa vs. World (1961-2012)
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
SSA World
Data source: World Bank, 2013
GROWTH RECORD, CONT’D.
P.C. GDP, PPP (Constant 2005 US $), 1960-2012
0
200
400
600
800
1000
1200
1400
1600
1800
2000
SSA Mean
Data source: World Bank, 2013
DEVELOPMENT OUTCOME
P.C. GDP GROWTH AND LEVEL, PROGRESS BY COUNTRY
Country
Average P.C. GDP growth (1995-2013)
Quintile Rank
P.C. GDP, 2013 (constant 2005)
Quintile Rank
P.C. GDP, 2013 (PPP adjusted)
Quintile Rank
Angola 5.73 1 2738 1 7488 1Benin 1.28 3 583 3 1733 3Botswana 3.22 2 7027 1 15247 1Burkina Faso 3.37 2 522 3 1630 3Burundi -1.04 5 155 5 747 5Cabo Verde 5.92 1 2739 1 6210 1Cameroon 1.26 3 989 2 2739 2CAR -0.34 5 283 5 584 5Chad 3.70 1 744 3 2022 3Comoros 0.02 5 613 3 1400 4Congo, D. R. -0.04 5 288 5 783 5Congo, Rep. 1.09 4 1961 2 5680 2Cote d'Ivoire 0.52 4 1079 2 3107 2Eq. Guinea 20.90 1 12280 1 32685 1
Country
Average P.C. GDP growth (1995-2013)
Quintile Rank
P.C. GDP, 2013 (constant 2005)
Quintile Rank
P.C. GDP, 2013 (PPP adjusted )
Quintile Rank
Eritrea -0.94 5 197 5 1157 5Ethiopia 4.77 1 295 5 1336 4Gabon -0.05 5 6938 1 18646 1Gambia 0.51 4 450 4 1608 4Ghana 3.54 2 769 3 3864 2Guinea 0.79 4 307 5 1213 5Guinea-Bissau -0.50 5 433 4 1362 4Kenya 1.20 4 632 3 2705 3Lesotho 2.84 2 974 2 2494 3Liberia 11.49 1 299 5 850 5Madagascar -0.09 5 271 5 1369 4Malawi 2.14 3 264 5 755 5Mali 2.05 3 476 4 1589 4Mauritania 1.29 3 681 3 2945 2Mauritius 3.61 1 6879 1 17146 1Mozambique 4.48 1 433 4 1070 5Namibia 2.49 2 4565 1 9276 1
Country
Average P.C. GDP growth (1995-2013)
Quintile Rank
P.C. GDP, 2013 (constant 2005)
Quintile Rank
P.C. GDP, 2013 (PPP adjusted)
Quintile Rank
Niger 0.48 4 291 5 887 5Nigeria 3.70 1 1056 2 5423 2Rwanda 5.84 1 401 4 1426 4Sao Tome 2.28 3 988 2 2876 2Senegal 1.21 4 796 3 2170 3Seychelles 2.44 3 14875 1 23799 1Sierra Leone 1.70 3 410 4 1495 4South Africa 1.37 3 6090 1 12454 1Sudan 2.69 2 771 3 3265 2Swaziland 0.92 4 2430 2 6471 1Tanzania 3.00 2 487 4 2365 3Togo 0.96 4 424 4 1346 4Uganda 3.53 2 418 4 1621 3Zambia 3.20 2 1054 2 3800 2Zimbabwe -1.39 5 475 4 1773 3
Human Development Index (HDI), 1990-2010
Data source: UNDP, 2015
DEVELOPMENT OUTCOME
1980 1990 2000 20100.3
0.320.340.360.380.4
0.420.440.460.480.5
SSA
Progress on HDI by Country: Change in HDI (1990-2013)
Country HDI, change Quintile rankBenin 38.92 2Botswana 17.16 3Burundi 33.77 2Cameroon 14.71 4CAR 9.74 4Congo 2.06 5Congo D. R. 5.96 5Côte d'Ivoire 18.82 3Gambia 31.77 3Ghana 14.13 4Kenya 13.53 4Lesotho -1.35 5Malawi 46.19 1Mali 75.01 1Mauritania 32.80 3Mauritius 24.25 3
Progress on HDI by Country: Change in HDI (1990-2013), cont’d.
Country HDI, change Quintile rankMozambique 82.07 1Namibia 8.21 4Niger 54.58 1Rwanda 112.55 1Senegal 26.26 3Sierra Leone 42.23 2South Africa 6.20 5Sudan 38.20 2Swaziland -1.46 5Tanzania 37.98 2Togo 17.13 4Uganda 56.10 1Zambia 37.89 2Zimbabwe 0.83 5
SSA 25.79World 17.45
HDI Level and Quintile Rank by Country, 2013
Country HDI, 2013 Quintile RankAngola 0.53 2Benin 0.48 3Botswana 0.68 1Burkina Faso 0.39 5Burundi 0.39 5Cameroon 0.50 2Cape Verde 0.64 1CAR 0.34 5Chad 0.37 5Comoros 0.49 3Congo, R. 0.56 1Congo D. R. 0.34 5Côte d'Ivoire 0.45 4Eq. Guinea 0.56 2Eritrea 0.38 5Ethiopia 0.44 4
HDI Level and Quintile Rank by Country, 2013, Cont’d.
Country HDI, 2013 Quintile RankGambia 0.44 4Ghana 0.57 1Guinea 0.39 5Guinea-Bissau 0.40 4Kenya 0.54 2Lesotho 0.49 3Liberia 0.41 4Madagascar 0.50 2Malawi 0.41 4Mali 0.41 4Mauritania 0.49 3Mauritius 0.77 1Mozambique 0.39 4Namibia 0.62 1Niger 0.34 5Nigeria 0.50 2Rwanda 0.51 2
HDI Level and Quintile Rank by Country, 2013, Cont’d.
Country HDI, 2013 Quintile RankSao Tome 0.56 2Senegal 0.49 3Seychelles 0.76 1Sierra Leone 0.37 5South Africa 0.66 1Sudan 0.47 4Swaziland 0.53 2Tanzania 0.49 3Togo 0.47 3Uganda 0.48 3Zambia 0.56 1Zimbabwe 0.49 3
Average SSA 0.50Average World 0.70
Poverty Picture (US$1.25), 1981-2010
1981198419871990199319961999200220052008201045.00
47.00
49.00
51.00
53.00
55.00
57.00
59.00
61.00
Poverty Rate SSA
Data source: World Bank, 2013
DEVELOPMENT OUTCOME
Poverty Picture (US$2.00), 1981-2010
1981198419871990199319961999200220052008201064
66
68
70
72
74
76
78
80
Poverty rate SSA
Data source: World Bank, 2013
DEVELOPMENT OUTCOME
Thank you!
Prof. Augustin K. FOSUVisiting Professor of EconomicsAalto UniversityHelsinki, FINLAND
