Economic growth of the region has exhibited resilience in the face of the global economic downturn, despite the many pertinent challenges facing Africa.  Notable progress within the COMESA region has been achieved through improved macroeconomic management, market-based reforms and continued structural progress in many countries.

In 2013, the combined gross domestic product (GDP) for COMESA stood at USD 638.6 billion from USD 553.9 billion in 2012 an impressive rate of 15% growth rate.
The average annual inflation rates in COMESA countries too were at varying levels. During 2013, countries such as Comoros, DR Congo, Djibouti, Mauritius, Rwanda and Seychelles, had average inflation rates of less than 5% , 8 other COMESA Member States have one digit inflation rate.


ECONOMY 1980-1990 1990-2000 1990-1995 1995-2000 2000-2005 2005-2006
Developing economies: Africa

2.6

2.4

0.8

3.3

4.7

5.5

Northern Africa excluding Sudan

2.6

2.8

1.9

3.5

4.9

5.2

Sub-Saharan Africa

2.5

2.2

0.2

3.2

4.5

5.7



AFRICAIN ECONOMIC GROUPING 1980-1990 1990-2000 1990-1995 1995-2000 2000-2005 2005-2006
CEPGL (3)

1.8

-3.5

-8.1

-0.3

4.3

4.8

COMESA (19)

4.0

3.1

2.0

3.7

4.4

7.8

ECCAS (11)

2.7

1.0

-3.0

3.4

6.0

6.4

ECOWAS (15)

3.6

2.0

-1.6

3.7

5.1

4.6

MRU (3)

1.3

2.6

0.2

4.4

3.7

4.1

SADC (14)

1.9

2.1

0.4

2.7

3.9

5.6

CEMAC (6)

2.9

2.6

0.4

3.6

5.3

3.0

UEMOA (8)

2.8

3.7

1.7

4.5

3.3

3.2

UMA (5)

1.6

2.2

1.1

3.0

5.1

4.6


REAL GROWTH IN GDP AMONGST AFRICAN ECONOMIC GROUPINGS

  • Source: UNCTAD secretariat computations based on UN/DESA/Statistics Division’s data
  • 2 Including Sudan (11) Figures in brackets are the number of countries in the REC