RaboResearch - Economic Research

Country Report

South Africa (Country report)

South Africa’s economy recovered, after a year-long recession in 2009. In 2010, the economy grew by 2.8%. Growth was largely demand driven, with an increase in both external and domestic demand fuelling growth in, among others, the manufacturing sector.

Country Report

Botswana (Country report)

Botswana’s economy is recovering from the global crisis that especially hit its export sector. In 2011, the economy is expected to grow by 6%, from 7.2% in 2010. In addition, the current account deficit will shrink to 0.1% of GDP in 2011 (from 2.4% of GDP in 2010), signalling an increase in external demand for Botswana’s diamond exports.

Country Report

Cameroon (Country Report)

Cameroon performs well on almost all macroeconomic indicators: inflation is low, the fiscal and current accounts are almost in balance and debt levels are sustainable. Nonetheless, GDP growth is low at 2.8% (2010).

Country Report

Nigeria (Country report)

In spite of a growing non-oil economy, Nigeria’s economic development is still very much dependent on developments in the oil sector. Since oil revenues account for 89% of total exports, the economy is extremely vulnerable to oil price shocks

Country Report

Angola (Country report)

Angola’s economic performance is almost completely determined by the global demand for oil. In fact, oil related taxes amount to 90% of total taxes. It is therefore not surprising that Angola’s economy took a hit when oil prices dropped dramatically as a result of the global recession

Country Report

Ghana (Country update)

The large macroeconomic imbalances with which Ghana entered the global financial crisis have narrowed recently. However, there are still sizeable vulnerabilities.

Country Report

Cameroon (Country report)

In the past, Cameroon benefited from being a small oil-exporting economy (10% of GDP, but 40% of exports and fiscal revenues in 2008). Oil exploitation created fluctuating trade and budget surpluses and attracted inward foreign investments.