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Laboratoire de la finance africaine


Preview 2018
Projected Real GDP Growth (% Change) : 1.5
GDP (current, USD Bn) : 1.20
Projected Consumer Prices (% Change) : 2.0
Country Population : 0.897 million
Economic performance and outlook

Real GDP growth for 2019 was 1.5%, half that in 2018, explained by cyclone Kenneth in April 2019, which caused destruction (power plants, roads, and production capacity) equivalent to 12.5% of GDP. Growth has been driven primarily by electricity and transport on the supply side, and by public investment on the demand side. For 2019, inflation is estimated at 2%, the fiscal deficit at 2.6% of GDP (financed by statutory advances from the central bank to the treasury, loans, and external aid), the current account deficit at 8.9% of GDP, and external debt at 32.4%, up slightly from 2017 (29.3%).

The IMF’s latest debt sustainability analysis rated the risk of debt distress as moderate.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)