Africa’s Economic Growth: Indicators and Investment Opportunities

Muhammad Al Bashir Muhammad Al Amine
Additional contact information
Muhammad Al Bashir Muhammad Al Amine: Bank Alkhair

Chapter Chapter 4 in Islamic Finance and Africa's Economic Resurgence, 2016, pp 121-161 from Palgrave Macmillan

Abstract: Abstract Over the past decade and half, Sub-Saharan Africa’s real GDP growth rate has jumped to an annual average of 5.7 %, with forecasts that Africa’s economy will grow at an average annual rate of 7 % over the next 20 years—slightly faster than China. Few people know that from 2000 to 2010, the fastest growing country in the world was Angola, with far stronger growth than China. The Economist noted that over the 10 years from 2000 to 2010, six of the world’s ten fastest growing economies were in Sub-Saharan Africa while the IMF forecasts that Africa will grab seven of the top ten places. The trend is continuing and Africa was home to eight of the world’s 15 fastest growing economies between 2000 and 2013.

Keywords: Foreign Direct Investment; Gross Domestic Product; Gross Domestic Product Growth; Real Gross Domestic Product; Capita Gross Domestic Product (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-3-319-28835-2_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319288352

DOI: 10.1007/978-3-319-28835-2_4

Access Statistics for this chapter

More chapters in Palgrave Studies in Islamic Banking, Finance and Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().