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    120843

    Survey of economic and social conditions in Africa, 1991-1992.

    United Nations. Economic Commission for Africa

    Addis Ababa, Ethiopia, United Nations, 1994. xvi, 139, 63 p. (E/ECA/SERP/94/1)

    This 1991-92 survey report summarizes economic conditions in Africa. This report differs from the 1990-91 survey report in that it uses 1990 as the base year for constant prices. The topical structure of the survey has remained the same, with the exception of a new chapter on the construction industry. Chapter topics include an overview of the global economy in 1992, the economy of Africa in 1992, fiscal and price developments, external debt and new structural adjustment programs (SAPs), foreign trade, agriculture and forestry and fisheries, petroleum and natural gas, mining, manufacturing, construction, transportation and telecommunications and tourism, and a review of selected social issues. The economy of Africa is stagnating and in crisis. During the 1980s there was not a single African country that successfully industrialized or started to industrialize. The gross domestic product per capita in the region was lower than other regions, and the African share of the global economy and world trade declined. Even African commodities that were almost monopolies declined. The African economy grew by an average of 2% annually during 1980-90 and an estimated 1.3% in 1992. The African region has suffered from the effects of the Gulf War, drought in Southern Africa, and civil wars and conflicts in many countries. The growth rate of the world economy was 1.4% in 1992 and 2.0% in 1994. The growth rate of developing economies was 6.1% in 1992 and 5.7% in 1993. The growth rate in Africa was 2.0% in 1992 and 2.3% in 1993. The extent of outstanding debt in developing countries continued to rise. The African share of developing country debt was $292 billion out of $1478 billion in 1991. Economic conditions in Africa deteriorated sharply in 1992. The prospects for 1993 were not even for modest growth. The crisis in the social sector continued without stop into the 1990s. Women and children are the most seriously affected.
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