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Africa’s Economic Growth: Indicators and Investment Opportunities

In: Islamic Finance and Africa's Economic Resurgence

Author

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  • Muhammad Al Bashir Muhammad Al Amine

    (Bank Alkhair)

Abstract

Over the past decade and half, Sub-Saharan Africa’s real GDP growth rate has jumped to an annual average of 5.7 %, with forecasts that Africa’s economy will grow at an average annual rate of 7 % over the next 20 years—slightly faster than China. Few people know that from 2000 to 2010, the fastest growing country in the world was Angola, with far stronger growth than China. The Economist noted that over the 10 years from 2000 to 2010, six of the world’s ten fastest growing economies were in Sub-Saharan Africa while the IMF forecasts that Africa will grab seven of the top ten places. The trend is continuing and Africa was home to eight of the world’s 15 fastest growing economies between 2000 and 2013.

Suggested Citation

  • Muhammad Al Bashir Muhammad Al Amine, 2016. "Africa’s Economic Growth: Indicators and Investment Opportunities," Palgrave Studies in Islamic Banking, Finance and Economics, in: Islamic Finance and Africa's Economic Resurgence, chapter 0, pages 121-161, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-3-319-28835-2_4
    DOI: 10.1007/978-3-319-28835-2_4
    as

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