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Home > Reports and Documents > East Africa Economic Outlook 2019 > East Africa Economic Outlook 2019

East Africa Economic Outlook 2019 [1]

In 2018, real GDP in East Africa grew by an estimated 5.7 percent, slightly less than the 5.9 percent in 2017 and the highest among African regions. Economic growth is projected to remain strong, at 5.9 percent in 2019 and 6.1 percent in 2020. The countries with the highest economic growth are Ethiopia, Rwanda, Tanzania, Kenya, and Djibouti. In both Ethiopia and Rwanda, real GDP growth has been driven by industry and services. The service sector has also been the main driver of growth in Tanzania and Kenya, followed by the agricultural sector, the main growth driver from the supply side. On the demand side, consumption has been the main driver of economic growth across East Africa.
[2]

Publication Date: 
04/04/2019
African Development Bank [3]
Tags:
Economy [4], Economic Development [5], Poverty [6], Africa [7], GDP [8]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/east-africa-economic-outlook-2019

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/east-africa-economic-outlook-2019
[2] http://www.indiaenvironmentportal.org.in/files/file/REO_2019_-_East_Africa.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/african-development-bank
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-development
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/poverty
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/africa
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gdp