WEST AFRICA: Key Facts and Figures
West Africa is expected to continue its rapid growth with rates of 7.4% in 2014. It has become the fastest growing region of the continent. Growth in the region is not only driven by oil and mineral sectors but also by agriculture and services and on the demand side often by consumption and investment. Nigeria is expected to continue growing by 7.3% in 2014 respectively. In Ghana and Côte d’Ivoire average growth in 2013/14 is likely to exceed 8% and 9%respectively. In most countries of the region growth is expected to pick up in 2013/14, exceeding 5%. But in a few countries, such as Benin, Cape Verde and Guinea-Bissau, growth will remain more subdued.