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Juma, Mary-Ann--Thesis

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Figure 2: Country shares of FDI flows to Sub-Saharan Africa (1980-2010)<br />

Source: UNCTAD (2012), author’s calculations.<br />

In summary, Africa has seen a considerable rise in FDI inflows over the past few<br />

decades. FDI inflows have increased from $400 million in 1980 to $60.2 billion in 2009,<br />

rising by a factor of fifteen. Over the past 30 years, real GDP across the continent has<br />

doubled, rising from about $505 billion in 1980 to $1,196 billion in 2009. This provides<br />

some a priori evidence that there is a positive correlation between GDP growth and FDI<br />

inflows.<br />

Others, 33.3%<br />

The Republic<br />

of Congo, 4.3%<br />

Sudan, 5.7%<br />

South Africa,<br />

13.0%<br />

Angola, 25.2%<br />

Nigeria, 18.5%<br />

8

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