The global competitiveness report 202014 world economic. Economic prospects for subsaharan africa remain strong, but. The global competitiveness report 20 2014 features a record number of 148 economies, and thus continues to be the most comprehensive assessment of its kind. The economy of africa consists of the trade, industry, agriculture, and human resources of the continent. Part 2 connecting africa s markets in a sustainable way. The africa competitiveness report 20 comes out at a time of growing international attention focused on africa as an investment destination and mounting talk of an african economic renaissance. United nations ilibrary economic report on africa 20. Economic development in africa report 201 vi chapter 2 patterns and trends of migration 39 2. These pages provide analysis of economic and policy developments affecting the financial performance of the global airline industry. Government budget deficits now appear lower at close to 1% of gdp in recent years. Report highlights areas requiring policy action and investment to ensure africa lays the foundation for inclusive and sustained growth.
Industrializing for growth, jobs and economic transformation 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. Macroeconomic gains from gender equity 4 international monetary fund executive summary women make up a little over half the worlds population, but their contribution to measured economic activity, growth, and wellbeing is far below its potential, with serious macroeconomic consequences. Violence, discrimination and barriers to health for migrants in south africa 2009 32. Africa development indicators was a primary world bank collection of development indicators on africa, compiled from officiallyrecognized international sources. The annual report is prepared by the executive directors of the international bank for reconstruction and development ibrd and the international development association idacollectively known as the world bankin accordance with the bylaws of the two institutions. The report identifies key actions that can be taken at national, regional and continental levels to overcome barriers to intraafrican mobility. The africa competitiveness report 20 is the result of collaboration among the world economic forum, the world bank, the african development bank, and the ministry of. The nigeria economic report represents a new world bank product intended to be produced on a biannual basis.
Employment and housing discrimination against lgbti. This report argues that the question is not whether africa can industrialize by ignoring its commodities, but rather how it can. Annual economic reports south african reserve bank. Economic report on africa 20 is on making the most of africas commodities. The africa competitiveness report 20 english abstract.
Economic inequity creates opportunity costs that are substantial and globalbecause research suggests that when a womans economic status improves, so does that of her household, her community and, potentially, her country. Jun 21, 2019 the kenya national bureau of statistics has released the 2019 economic survey report which highlights the countrys economic performance for the year 2018. We support the implementation of the african unions 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. Staff report for the 20 article iv consultation, prepared by a staff team of the imf for executive boards consideration on july 31, 20, following discussions that ended on june 4, 20, with the officials of south africa on economic developments and. When tourisms environmental, social, and economic and other constraints are addressed, tourism energizes economies. This is less than forecast in the april 20 world economic outlook weo, driven to a large extent by appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as a more protracted recession in the euro area.
Each report will provide an assessment of the current economic situation in the country and give special attention to selected topics of high. Fiscal policy fo financing sustainable development in africa. The 20 edition of the economic report on africa examines key constraints and opportunities for african countries to make the most of their commodities by adding value through linkage development. Africa, the following documents have been released and are included in this package.
Economic report on africa 20 6 africa s imperative to industrialize in todays global context t he global economy has, since the turn of the century, seen vast shifts in production and trade patterns alongside the emergence of new growth poles in the south. The catalyst for economic growth and stability in subsaharan africa. By focusing on commoditybased industrialization as an engine of growth for africa, the report argues that african countries have a real opportunity, individually and collectively, to promote economic transformation and to address poverty, inequality and youth. Accuracy of africas economic forecastsmorocco, 200920 31 tables table 1. Country reports on terrorism 20 is submitted in compliance with title 22 of the united states code, section 2656f the act, which requires the department of state to provide to congress a full and complete annual report on terrorism for those countries and groups meeting the criteria of the act. More recently, in a difficult economic context, several actions, in line with the national development plan, were taken to restart the economy. Labor market status and skills increasingly contribute to inequality 29. Management of the south african money and banking system. History, trends, challenges, implications for the united states congressional research service summary prior to the initiation of economic reforms and trade liberalization nearly 40 years ago, china maintained policies that kept the economy very poor, stagnant, centrally controlled, vastly. Terrorist financing in west africa october 20 and to extend the study to the central african region. Indeed, the continents economic outlook for 20 and 2014 is promising. African countries have a real opportunity to capitalize on their resource endowments and high international commodity prices, as well as on opportunities from.
May 02, 20 the africa competitiveness report highlights policy action and investment required to ensure africa lays a foundation for inclusive and sustained growth. Country economist, gmfdr under the guidance of lars christian moller lead economist and program leader, gmfdr. 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. Infographic of global air freight volumes key figures in 2019. Economic report on africa 20 united nations economic. Economic report on africa 20 6 africas imperative to industrialize in todays global context t he global economy has, since the turn of the century, seen vast shifts in production and trade patterns alongside the emergence of new growth poles in the south. Jun 25, 20 the 20 edition of the economic report on africa examines key constraints and opportunities for african countries to make the most of their commodities by adding value through linkage development. This theme is important because commoditybased industrialization can provide an engine of growth for the continent, reducing its marginalization in the global economy. The gsma mobile economy series provides the latest insights on the state of the mobile industry worldwide.
Thus, this report was pursued to identify the most promising strategies for maximizing investments in. Growth was depressed during the first half of the year mainly because of the low commodity prices that prevailed in the world market and mixed weather outturnacross. Only burundi, guinea bissau, the niger, the sudan and tunisia did not count south africa as a major import partner. Africa s sustainable economic and social transformation is a global priority.
Jul 01, 20 this event will launch the 20 joint uneca and african union commission auc economic report on africa. Recent economic developments in subsaharan africa economic activity remains strong in much of subsaharan africa, with the pace of gdp growth in the region projected to pick up in 20. The economic development in africa report 20 was prepared by a research team consisting of patrick osakwe team leader, janvier nkurunziza and bineswaree bolaky. June 26, 2017 consideration of the staff report that concluded the article iv consultation with south africa. With the full knowledge that tourism is a complex sector with tentacles into a myriad of other economic activities, all. Global growth is projected to remain subdued at slightly above 3 percent in 20, the same as in 2012. December 2019 september 2019 june 2019 march 2019 december 2018 september 2018 june 2018 march 2018 december 2017 september 2017 june 2017 march 2017 december 2016 september 2016 jun 2016 mar 2016. Economic report on africa 20 by united nations publications. Africa is at a crossroads, and decisions and actions taken. Recent growth has been due to growth in sales in commodities, services, and manufacturing. Growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Economic report on africa 20 making the most of africas commoditiesindustrializing for growth, jobs and economic transformation africas growth plummeted during its lost decades of the 1980s and 1990s while unemployment soared, and production and export bases became more concentrated. Migration for structural transformation examines how wellmanaged migration can help to address africas development challenges.
The creative economy is not only one of the most rapidly. The fiscal space also looks larger, with sovereign debt. Today, technology doesnt just replace jobs on the assembly line, but rather affects any job where work can be automated. The state of the kenyan economy current trends and. For the first time in a decade, investment accounted for more than. This report argues that the question is not whether africa can industrialize by ignoring its commodities, but rather how it can use them to add value, new services and tech nological capabilitiesalthough this may not apply to all african countries and should not be the only way african resourcerich countries industrialize. Accuracy of africas economic forecastskenya, 200920. This twelfth edition of the african economic outlook report coincides with the 50th anniversary. Advancing tvet for youth employability and sustainable. No further updates of this database are currently planned.
South africa s human opportunities, 2015 28 figure 2. It contains a detailed profile for each of the economies included in the study, as well as an extensive section of data tables with global rankings covering over 100 indicators. The discussion featured researchers from the kenya institute for public policy research and analysis kippra and served as the u. One unavoidable issue for reports on economic growth in africa is the accuracy of gdp. Produced by our renowned inhouse research team, gsma intelligence, these reports contain a range of technology, socio economic and financial datasets, including. Imf world economic outlook weo update growing pains. Safe and orderly migration, besides contributing to economic growth, can provide the impetus for structural transformation in africa, and unlock. The staff report prepared by a staff team of the imf for the executive boards consideration on june 26, 2017, following discussions that ended on may 16, 2017, with the officials of south africa on economic developments and policies.
Economic report on africa central,tie african economy maintained its previous yearsperformance, growing at an estimated rate of 3. This event will launch the 20 joint uneca and african union commission auc economic report on africa. Kenya economic survey 2019 kenya economic survey 2019. The focus of the 20 edition if structural transformation and natural resources in africa. Africa rising 20 11, time magazine, africa rising 2 012 and the financial times, africa calling 20.
The africa competitiveness report 20 world economic forum. The south africa i know, the home i understand 4 p a g e acknowledgements this 20 report which i submit to the executive arm of the republic and to the peoples of south africa is testimony of our resolve to create a better life for all as well as to the use of evidence as the basis for decision making. Managed sustainably, tourism is an effective development tool. The higher level of gdp in nigeria also changes the assessments of a number of other key economic indicators. The south africa i know, the home i understand 1 p a g e. Airline expectations for 2020 improve ahead of virus outbreak.
For the first time in a decade, investment accounted for more than half the continents growth. The economic outlook for the region is positive, although the region is. Women, work, and the economy international monetary fund. Basic statistics of south africa, 2011 the numbers in parentheses refer to the oecd average land, people and electoral cycle population 1 000 000.
The rapid rise of economic powers such as china, india and brazil. Moreover, domestic barriers to firms entering markets are still high, in particular for black entrepreneurs despite policies to foster black economic empowerment. The report uses knowledge and expertise of the african development bank, the world bank group, and the world economic forum to present a policy vision that can help africa connect its markets and communities through increased regional integration. The fiscal year 201819 marked our 30th year of operation as a catalyst for economic growth and stability in subsaharan africa. The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs analysis and projections of economic developments at the global level, in major country groups and in many individual countries. The global information technology report 20 features the latest results of the networked readiness index, offering an overview of the current state of ict readiness in the world. In 20, africa was the worlds fastestgrowing continent at 5. The africa competitiveness report 20 is the result of collaboration among the world economic forum, the world bank, the african development bank, and the ministry of foreign affairs of denmark. The africa competitiveness report 20 english world bank.
The report leverages the knowledge and expertise of the african development bank, the world bank group, and the world economic forum to present a policy vision that can help africa. Persistent low growth has led to the stagnation of gdp per capita compared to other fastgrowing emerging market economies figure 1. The africa competitiveness report 20 the world economic forum. Annual reports aerc african economic research consortium. Since the previous economic update of september 2017, a number of important events have improved south africas economic. The economic development in africa report 20 was prepared by a.
This years coverage includes a record number of 144 economies, accounting for over 98 percent of global gdp. Growth in world merchandise trade, by region, 2005 and 20 % 32. Infographic of global air passenger volumes key figures in 2019. This theme is important because commoditybased industrialization can provide an engine of growth for the continent, reducing its marginalization in the global economy and enhancing its resilience. The work was completed under the overall supervision of taffere tesfachew, director, division for africa, least developed countries and special programmes, unctad. Photos on the front cover and pages xiii, 1, 23, 107, courtesy of the world bank photo library. World scenario series the future role of civil society. The united nations creative economy report 20, special edition, builds on the 2008 and 2010 reports, widening contributions to unlock the huge untapped potential of the creative economy at the local level as a way to promote a new kind of development experience.