Economic Development in Africa Report 2015
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Table 2. Growth in real gross domestic product and services and its components by region, 2001–2012 (Percentage)
Group
Gross domestic product
Services
Wholesale trade, Transport, retail trade, storage and restaurants communiand hotels cations
Other activities
2001– 2009– 2001– 2009– 2001– 2009– 2001– 2009– 2001– 2009– 2004 2012 2004 2012 2004 2012 2004 2012 2004 2012
World
2.72 1.79 2.68 1.99 2.90 1.94 3.73 1.88 2.43 2.04
Developing economies
4.94 5.25 4.97 5.40 4.59 5.83 6.62 5.59 4.75 5.15
Developed economies
1.99 0.44 2.15 1.04 2.27 0.40 2.81 0.37 2.02 1.33
Developing economies: Africa
5.08 3.41 4.76 4.60 4.30 5.02 7.32 5.75 4.26 3.95
Eastern Africa
4.01 7.02 4.26 7.94 3.19 7.48 6.33 9.38 4.28 7.69
Middle Africa
6.87 4.42 5.91 5.03 6.60 4.65 7.24 5.40 4.65 5.45
Northern Africa
4.72 1.63 4.89 3.29 3.17 2.86 7.39 3.95 4.91 3.22
Southern Africa
3.51 1.97 4.11 2.83 3.05 3.04 6.51 2.31 3.94 2.88
Western Africa
8.29 6.27 6.31 9.05 8.44 9.23 10.19 14.15 3.46 6.22
Developing economies: America
2.15 2.88 2.21 3.35 1.77 3.06 3.13 3.99 2.21 3.34
Developing economies: Asia
6.14 6.29 6.41 6.30 6.09 7.02 8.19 6.18 6.11 5.99
Source: UNCTAD secretariat calculations, based on data from UNCTADStat. Note: Figures relate to annual growth in value of GDP and services and its components at constant 2005 dollars, averaged over the given periods.
There has been vigorous growth in the telecommunications sector in Burundi, fuelled by FDI as a result of liberalization measures in the mobile telephony market introduced by the Government. Ethiopia has implemented a Promoting Basic Services Programme since 2012, to improve access to education, health, water and sanitation services by the poor and to improve its transport infrastructure to promote trade. The rebasing of Nigeria’s national accounts in 2014 highlighted the emergence of new services subsectors, notably the electricity, gas, steam and air conditioning supply sectors, as well as the sound recording, film and music production industries (Mail and Guardian, 2014). There has also been a dramatic increase in the number of cellular telephone subscribers in Nigeria, since the Government issued cellular telephone licenses in 2002, and resurgent growth in the banking sector since central bank reforms increased capital requirements for banks, which led to significant consolidation in the industry (Mail and Guardian, 2014).