Browsing: Gross Domestic Product

• The IMF has identified South Sudan, Burundi, and the DRC as East African Community member states poised for significant economic growth in the 2024–2025 period.
• GDP growth in Burundi is projected to increase from 4.3 to 5.4 percent and in the DRC from 4.7 to 5.7%.
• Kenya leads regionally with a projected GDP of $104 billion, ranking 7th overall among the continent’s largest economies.

The economic outlook for East African Community member states South Sudan, Burundi, and the Democratic Republic of the Congo (DRC) is poised for significant economic growth in the 2024–2025 period. This prognosis by the International Monetary Fund (IMF) comes despite these nations grappling with conflicts, marking them as among the most fragile in the region.

In its latest regional economic outlook report for Sub-Saharan Africa, the IMF forecasts a noteworthy 1.2 percent gross domestic product (GDP) growth for South Sudan, from 5.6 to 6.8 percent, despite …

Agribusinesses in the EAC member states are expected to benefit from greater business opportunities in both the East African and European markets.…

Many people have lost their jobs and means of sustenance while industrial production and wholesale-retail sales have plummeted in some sectors.…