African economies are experiencing a structural shift whereby the service sector is becoming an important driver of growth. In 2004, the service sector contributed 49 per cent of GDP growth compared to 36 per cent for industry (including mining and quarrying) and 15 per cent for agriculture. In 2004, all three sectors continued to grow, albeit at relatively low rates. The industrial sector had the highest growth rate at 9.05 per cent, although growth in the manufacturing sector fell by almost 3.8 per cent compared to 2003. Developments within each sector and for each subregion are discussed in more detail below.
The agriculture sector The contribution of agriculture to GDP ranges from a high of more than 33 per cent in East Africa to less than 8 per cent for Southern Africa. It employs some 70
per cent of the work force and generates on average 30 per cent of Africa’s GDP. The overall contribution of agriculture to GDP declined in 2004 due to the low performance of this sector in the North and West African subregions (table 2.5).
Africa is considered a net food-importing region, except for some countries such as South Africa. The largest share of imported products consists of food products (cereals, livestock, dairy products, and to a lesser extent, fruits and vegetables). However, exports of agricultural products represent an important source of foreign exchange earnings for several African countries. The share of agricultural products in total merchandise exports ranges from a high of more than 80 per cent for Sudan and Burundi to a low of less than 1 per cent for Gabon and Equatorial Guinea. Their leading export destination is the EU and the most important commodities exported are fish and crustaceans, fruits and nuts, cotton, and vegetables.
Table 2.6 shows that commodity production in Africa registered a 1.7 per cent increase in 2004 and a growth rate of 3.0 per cent over 1990-2004. Performance for the main agricultural products exhibits high variation across subregions (table 2.6).
The year 2004 was a particularly good one for many important exportable commodities such as cocoa beans, coffee and cottonseeds. In some countries, production continues to be influenced by drought conditions. In North Africa, droughts have adversely affected the production of strategic crops such as wheat, olive and citrus.
Southern African countries also continue to suffer from periodic droughts, especially Swaziland and Zambia.
To learn more about this author, visit United Nations Economic Commission for Africa's Website.
Like this article? Share it with your friends
 |
Related Businesses - Evan Elite Authors |
|
George Ludwig
George Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance.
Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson.
His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more.
George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
|
Dr. John Oda
John Oda Ph.D NLP is a business peak performance expert, an author, and speaker frequently called upon to provide corporate training, workshops and seminars for many companies in the United States. He is an expert in coaching sales and business professionals in overcoming the behaviors and obstacles that may impede their sales results and affect their bottom line. Since 1995, John has created a speaking bureau such topics, which include: time management, sales training, human diversity, leadership programs and etc. He provides companies with a strategic plan to increase their bottom line by over 25 percent yearly. - Visit Dr. John Oda's Website |
|
The Evan Elite Authors program is currently in beta phase. For details please contact us.
|
|
|
United Nations Economic Commission for Africa's
Complete
List Of
African-Accounts
Articles
|
|
If you enjoyed this article, get United Nations Economic Commission for Africa's Complete List of African-Accounts Articles For FREE!
|
|
|
|