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14 years of sustained growthDespite any lingering scepticism, the evidence of thecontinent’s clear progress over the past decade isirrefutable. The reality is that a diverse range of Africancountries have now experienced consistent and robustgrowth for over a decade - certainly the longest periodof sustained growth since most countries attainedindependence in the early 1960s.In the period since 2000, the size of the sub-SaharanAfrican (SSA) economy has more than quadrupled.What makes this economic performance all the moreremarkable is that the period since 2007-2008 has beenmarked by a deeply troubled global economy. Althoughmany African economies have been negatively impactedby the situation in key trading partner countries in Europeand North America, most have remained remarkablyresilient. A diverse group, including the likes of Angola,Ghana, Ethiopia, Tanzania, Mozambique, Nigeria andZambia, have been among the fastest growing in theworld, with growth of 7% plus over a sustained period.GDP, current prices(US$b)53.385.368.03,030.92,593.01,060.12,091.42,196.71,929.32,033.9898.6725.71,488.1 614.9 689.9 697.71,337.13,030.9853.3 447.1523.32,593.01,060.11,970.8613.51,694.4285.31,314.4 2,091.4 1,344.02,196.7 1,393.7 1,471.0251.1889.9 1,929.32,033.9964.8898.6362.4568.0725.71,488.1 614.9 689.9 697.72000 1,337.1 2004 2007 2009 2011 2012 2013 2014* 2016* 2018*447.1523.31,970.81,694.41,314.4 1,344.0 1,393.7 1,471.0North Africa889.9 964.8SSASource: IMF World Economic Outlook Database, April 2014.004 2007 2009 2011 2012 2013 2014* 2016* 2018*NSAfrica 2030: Realizing the possibilities3

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