North Africa

North Africa ended 2017 with growth of 4.9% of real GDP, up from 3.3% recorded in 2016. 
 
The region’s economic performance is above a 3.6% average for the continent, thanks to higher than expected oil production in Libya and the performance of Morocco, which saw growth rise from 1.2% in 2016 to 4.1% in 2017, on account of increased agricultural productivity. 
 
Egypt’s macroeconomic and structural reforms led to a 4% growth in 2017. Overall, growth in the North Africa region was fueled by new high value-added sectors such as electronics and mechanics, as well as private and public consumption. Source: African Development Bank Group

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