Structural transformation entails the rise of new, more productive activities and the movement of resources and labour from traditional activities to these newer ones, raising overall productivity. Without the first, there is little that propels the economy forward. Without the second, productivity gains are not diffused to the rest of the economy. In Africa, while overall productivity rose and labour moved to more productive activities over the last 10 years and reversed the previous trend of the 1990s, productivity growth was too slow and has not created enough jobs to lower poverty.
Theme analysis by
country and year
Unlock the potential of African entrepreneurs for accelerating Africa’s industrial transformation, says the African Economic Outlook 2017
AfricanEconomicOutlook.org offers comprehensive and comparable data and analysis of 54 African economies.