Africa – Post Pandemic

Sub Saharan Africa

  • World’s largest free trade area – $1.2 billion individuals
  • GDP growth (2021) – 2% (IMF)
  • GDP growth (2021) – 4.7% (IMF)
  • GDP growth projected (2022) – 3.6% – global inflation/worldwide slowdown/Russia-Ukraine war
  • GDP growth (2023) – 3.9% – (The World Bank)
  • GDP growth (2024) – 4.2% (The World Bank)
  • Debt distress – moderate or high
  • Countries with high risk of debt distress – 52.6% to 60.5%

East and Southern African Sub Region

  • GDP growth (2021) – 4.1% (The World Bank)
  • GDP growth (2022) – 3.1% (The World Bank)
  • GDP growth (2024) – 3.8% (The World Bank)

Western and Central  African Sub Region

  • GDP growth (2022) – 4.2% (The World Bank)
  • GDP growth (2023) – 4.6% (The World Bank)

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