Economic Report on Africa 1995

Abstract

In 1994, the gross domestic product (GOP) of the African region grew by 2.4 per cent, compared to only 0.9 per cent in 1993 and -0.3 per cent in 1992. Despite the modest increase in growth in 1994, which was the fastest annual rate during 1990·1994, the African economy has continued to fall behind those of other developing regions,and GOP growth is yet to keep pace with population growth.