Eastern Africa has doubled its income per capita in a decade: ECA

Abstract

Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached 740 USD in 2016, double the figure ten years earlier. According to new ECA report entitled Macroeconomic and Social Developments in Eastern Africa 2018. Despite the marked improvements, growth in the region is still fragile. In particular, the development of the manufacturing sector in Eastern Africa has been lagging behind, limiting job creation and holding back technological progress. The report notes that other than in Ethiopia, which has implemented an ambitious programme of export-oriented industrial parks, government policies have not thus far managed to promote robust growth in the manufacturing sector.