ABSTRACT

After stagnating for much of its post-colonial history, economic performance in sub-Saharan Africa (SSA) has markedly improved. Since 1995, mean economic growth has been close to 5 per cent per year. Countries with at least 4 per cent gross domestic product (GDP) growth now constitute about 70 per cent of the region’s total population and 80 per cent of its GDP. Per capita income grew by 1.6 per cent a year in the late 1990s and by 2-3 per cent in each year since 2000.