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Sharing Africa's growth

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Frame of Image  GROWTH IN THE 2000S WAS STRONG
15% 13%
GDP GROWTH IN SSA, CHINA AND OTHER DEVELOPING COUNTRIES
Real GDP growth
11% 9% 7% 5% 3% 1% -1%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Rest of Developing (excl. China)
Ch i n a
Sub-Saharan Africa
AFRICA’S GDP GROWTH IN THE 2000S WAS STRONG, ALTHOUGH NOT AS IMPRESSIVE IN PER CAPITA TERMS …
15% 13%
GDP GROWTH IN SSA, CHINA AND OTHER DEVELOPING COUNTRIES
Real GDP growth
11% 9% 7% 5% 3% 1% -1%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Rest of Developing (excl. China)
15%
Ch i n a
Sub-Saharan Africa
Real GDP per capita growth
13% 11% 9% 7% 5% 3% 1% -1%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
GDP PER CAPITA GROWTH IN SSA, CHINA AND OTHER DEVELOPING COUNTRIES
Rest of Developing (excl. China)
Source: World Development Indicators
Ch i n a
Sub-Saharan Africa
AS A RESULT, AFRICA’S POVERTY INCIDENCE FELL. BUT NOT SPECTACULARLY…
In the last twenty years, extreme poverty fell by eight percentage points in Africa, as compared to 44 points in East Asia.
70
60
56.5
59.4
58.1
58.0 55.7 52.3 Sub-Saharan Africa 48.5
$1.25 a day headcount (%)
50
49.2
40 South Asia 31
30
20 East Asia and Pacific 12.5 10 LAC 5.5 MENA 2.4 ECA 0.6 2010
0 1990 1993 1996 1999 2002 2005 2008
Source: PovcalNet.
THIS “POVERTY REDUCTION – GROWTH GAP” REFLECTS THE REGION’S LOW GROWTH ELASTICITY OF POVERTY…
GROWTH ELASTICITY OF POVERTY REDUCTION, 2000-2010 Five most populous countries by region, exc


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Title Sharing Africa's growth
Similar Titles
Project Category Capacity Building Workshops
Material Type Proceedings
Author(English)

Ferreira, Francisco H. G.

Publisher

World Bank

Date 2014-04
Event

Frontiers in Development Policy

Project Capacity Building Workshops
Pages 33
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Government and Law < Governance
Holding KDI School of Public Policy and Management
Program Type Conference