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.