Publish in Special Reports - Monday, June 25, 2012
Libya, here represented by capital Tripoli, is expected to see Africa's best economic performance the next five years. (Photo: Jaw101ie)
Africa’s GDP growth winners and losers the next five years.
BY JOACHIM BAMRUD
Libya is set for the fastest economic growth in Africa the next five years, while Sudan will likely see the worst performance, according to an Eminvex analysis of forecasts from the International Monetary Fund (IMF).
Meanwhile, South Africa – by far the largest economy in Africa – will be among the laggards.
While Libya belongs to the fast-growing economies of North Africa, Sub-Sahara Africa will also do quite well. Its average growth rate of 5.5 percent will be the highest in the world outside of Asia during the next five years.
Keywords: Angola, Kenya, Libya, Mozambique, Nigeria, São Tomé and Príncipe, South Africa, Zambia
CHART: Africa's GDP Growth Champions 2011-16