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Economic growth in 2023: out of seven countries, West Africa covers five

20/10/2022
Categories: Economy/Forex

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The IMF's Regional Economic Outlook for Sub-Saharan Africa, released on October 14, mentioned that five countries out of seven that will have a rate with growth of more than 7% in 2023 are located in West Africa.

Senegal, Niger, Côte d'Ivoire, Benin and Togo are the five West African countries that will benefit from a higher growth rate ; to 7% in 2023. Outside the West African region, Rwanda (6.4%) and the Democratic Republic of Congo (6.7%) are in the top 7.

Indeed, for several years it has been observed that the highest growth rates are not in the countries with the most natural resources and raw materials. Nonetheless, they are found in countries with more diversified economies. When the 2023 draft budget was presented on October 5, Niger with an estimated growth of 7.3% in 2023, second only to Dakar, according to the IMF.

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