UNCTAD's annual Economic Development in Africa Report analyses major aspects of the continent's development problems and policy issues of interest to countries in the region.
It makes policy recommendations for action by African countries themselves and by the international community to overcome the development challenges that the continent faces.
Explore the key messages online
“Economic Development in Africa Report 2022 serves Africa’s effective integration into high-end global value chains, a key objective for its long-term sustainable development.
The African Continental Free Trade Area, which this report analyses in depth, can help foster the growth of a highly competitive, technology-intensive services sector in Africa and thereby drive export diversification.
In addition, our report shows how, by addressing barriers to trade in services, boosting relevant skills and improving access to innovative alternative financing, the region’s manufacturing productivity can be enhanced, driving Africa’s economic growth and structural transformation for many years to come.”
Ms. Rebeca Grynspan
Secretary-General of UNCTAD
“As African countries work to rebuild their economies post COVID-19, Economic Development in Africa Report 2022 brings a new perspective on how the services sector contributes to export diversification and promotes structural change.
The report shows how efficient, cost-effective supply of services, including financial services, can be decisive in the overall diversification process that African countries should prioritize to promote productivity, export growth and sustainable development, and increase greater resilience against future shocks.
The implementation of the African Continental Free Trade Area Agreement is key to unlocking new opportunities for industrialization and export development.”
Mr. Benedict O. Oramah
President and Chair, Board of Directors,
African Export–Import Bank
