REVIEW OF THE ECONOMY 2013
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SUSTAINING GROWTH, SECURING PROSPERITY
SUB-SAHARAN AFRICA
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Sub-Saharan Africa is expected to experience
positive economic growth in 2013 despite the
challenges which the region faced in 2012 such
as the interruption of oil exports from South
Sudan and the Civil conflict in Mali and Guinea-
Bissau. Real GDP is anticipated to grow at 5.6
percent in 2013, up from 4.8 percent in 2012.
Positive growth can be attributed to investment
in infrastructure and productive capacity, robust
consumption and increased capacity in the
extractive sectors. Growth in South Africa is
expected to increase marginally to 2.8 percent
in 2013 from 2.5 percent in 2012. This can be
attributed mainly to sluggish mining production
and reduced demand from its main export
partners in the Euro Area.
The rate of growth of consumer prices in this
region is expected to fall from 9.1 percent in
2012 to 7.2 percent in 2013. This is mainly as a
result of tight monetary policy and lower food
prices associated with increased production in
Eastern Africa. The current account deficit for
this region is expected to further deteriorate
from 2.8 percent in 2012 to 3.5 percent of GDP
in 2013.
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Comprises Angola, Benin, Botswana, Burkina Faso, Burundi,
Cameroon, Cape Verde, Central African Republic, Chad,
Comoros, Democratic Republic of Congo, Republic of
Congo, Cote d’Ivoire, Equatorial Guinea, Eritrea, Ethiopia,
Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya,
Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritius,
Mozambique, Namibia, Nigeria, Rwanda, Sao Tome and
Principe, Senegal, Seychelles, Sierra Leone, South Africa,
south Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia
and Zimbabwe.
THE INTERNATIONAL ECONOMY
