Macroeconomic performance has continued to deteriorate because of the country’s fragile situation and continuing low worldwide oil prices while growth fell by 0.2% in 2015 and the fiscal and current account deficits have increased sharply.
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
Although rich in natural resources, the economy is centred on oil production and subsistence agriculture: almost all intermediate and consumer goods are imported. In the past year, oil production accounted for 99% of exports, 95% of government revenue and about one-half of GDP.
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.
About the work of the DAC International Network on Conflict and Fragility (INCAF) to support implementation of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
English, , 4,513kb
The second survey of the Principles for Good International Engagement in Fragile States and Situations provides evidence of the quality of international engagement in 13 countries. This chapter was drafted on the basis of a consultation held in Juba and complementary interviews.
The Development Centre's award-winning website keeping its finger on the economic pulse of Africa.