Africa Competitiveness Report
Africa Competitiveness Report 2017
Without urgent action to address stagnating levels of competitiveness, Africa’s economies will not create enough jobs for the young people entering the job market
Africa Competitiveness Report 2015
The fifth edition of The Africa Competitiveness Report (ACR), a joint biennial publication produced by the African Development Bank (AfDB), the Organisation for Economic Cooperation and Development (OECD), the World Bank (WB) and the World Economic Forum (WEF), was released in Cape Town, South Africa, during the World Economic Forum for Africa on Thursday, June 4, 2015.
The biennial report, themed “Transforming Africa’s Economies”, combines detailed data from the Forum’s Global Competitiveness Index (GCI) with studies on three key areas of economic activity; agricultural productivity, services sector growth and global and regional value chains. The data points to low and stagnating productivity across all sectors: agriculture, manufacturing and services, partly as a result of ongoing weakness in the basic drivers of competitiveness, such as institutions, infrastructure, health and education. This shortfall masks a better performance in other areas of the economy; specifically, better functioning of labour and goods markets.
For the last six years, the World Economic Forum, the African Development Bank (AfDB), and the World Bank (WB) have been involved in the joint biennial publication The Africa Competitiveness Report (ACR). As of 2011, the Africa Commission has joined as a partner. The fourth edition – ACR 2013 – under the theme, “Connecting Africa’s Markets in a Sustainable Way”, will be launched in Cape Town during the World Economic Forum for Africa on May 9, 2013. Dignitaries from around the continent, businessmen and women, top academics and civil society are expected to take part in this event.
The Report indicates that Africa’s growth should be complemented by gains in competitiveness since many African countries are ranked among the least competitive economies in the world. Although there are important disparities across the continent, low levels of regional integration and infrastructure deficit have been identified as the main barriers to improved productivity, economic diversification, private sector development and spatial inclusion. These challenges are particularly prominent in landlocked countries and should be prioritized by Africa’s policy-makers.
Africa Competitiveness Report 2011
The Africa Competitiveness Report 2011, a joint publication by the African Development Bank and World Bank, was launched during the World Economic Forum for Africa between 4 and 6 May 2011. Now in its third bi-annual edition, the Report comes out at a time when Africa’s recovery from the global economic crisis has been faster than in other parts of the world. In fact, Africa witnessed an economic resurgence between 2001 and 2010. Gross Domestic Product across the continent averaged 5.2% annually (a rate also forecast for 2011). That figure outstripped the global average of 4.2%. The Report focuses on harnessing Africa’s underutilized resources. These comprise skills; female entrepreneurship, and natural and cultural resources.
The publication of this year’s Africa Competitiveness Report comes against the backdrop of the most significant global economic crisis in generations. In Africa, where impressive growth rates and increasing levels of FDI supported an economic resurgence over the past decade, the recent global economic turmoil has raised questions about the sustainability of its growth performance over the medium run.
In this context, the goal of the Report is to highlight the areas most urgently requiring policy action and investment to ensure that Africa can best ride out this crisis and continue to grow sustainably into the future.