Page 1

Norwegian-African Business Summit Introductory remarks Minister of Trade and Industry Trond Giske Oslo, 29. September 2011


GDP growth rates in 2015 – forecast Annual percent change

≥ 10 % 6 – 10 % 3–6% <3% no data

Source: IMF World Outlook


”When people talk about the global credit crisis, the BRIC countries talk about the North Atlantic credit crisis.”

Jim O’Neill - March 2010


Worldâ&#x20AC;&#x2122;s ten fastest-growing economies Average annual GDP growth, percent 2001- 2010 Angola China Burma Nigeria Ethiopia Kazakhstan Chad Mozambique Cambodia Rwanda

11.1 10.5 10.3 8.9 8.4 8.2 7.9 7.9 7.7 7.6

Source: IMF World Economic Outlook September 2011

2011- 2015 China India Ethiopia Mozambique Tanzania Vietnam Congo Ghana Zambia Nigeria

9.5 8.2 8.1 7.7 7.2 7.2 7.0 7.0 6.9 6.8


â&#x20AC;?In Africaâ&#x20AC;&#x2122;s case, the economic performance in the last decade gives the continent a unique opportunity to claim a more active role and a stronger bargaining position in the global arena.â&#x20AC;? Rwandan President Paul Kagame Speaking in Paris on 13 September 2011


Africa tomorrow

Africa today

$ 1.6 trillion

$ 2.6 trillion

collective GDP in 2008

collective GDP in 2020

$ 860 billion

$ 1.4 trillion

consumer spending in 2008

consumer spending in 2020

500 million

1.1 billion

people of working age

people of working age in 2040

Africa tomorrow

Source: McKinsey Global Institute, June 2010.


Norwayâ&#x20AC;&#x2122;s trade with the African continent 2000-2010 In millions of USD 3 000

2 500

2 000

Imports

1 500

Exports Total trade

1 000

500

0 2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010


Norwegian trade delegation to Africa â&#x20AC;&#x201C; November 2011 Offshore

Renewable energy

Trade

Ghana Angola

Investments

Mozambique


Norwegian-African Business Summit Introductory remarks Minister of Trade and Industry Trond Giske Oslo, 28. September 2011

Mr Trond Giske - (Slides)  

Minister of Trade and Industry, Trond Giske. Introductory remarks, Norwegian African Business Summit Oslo, 29. September 2011

Read more
Read more
Similar to
Popular now
Just for you