The Macroeconomic Impact of COVID-19 on Africa

This briefing tracks some of the major macroeconomic impacts that COVID-19 has had on African economies and how the pandemic has exacerbated historical structural economic deficiencies across the continent.

Benin

The Republic of Benin is situated in West Africa. It has a GDP of $14.4 billion (2019) and is classified as a lower-middle income economy. Cotton, cashews and gold are the top exports and account for over 70% of exports (2018). Benin was chosen to be part of this project because of its relatively low […]

Senegal

The Republic of Senegal is a lower-middle income economy located in West Africa. Its GDP was more than $23.5 billion in 2019 and major exports include gold, petroleum and phosphoric acid. Senegal was included in the project because of the relatively high GDP/capita ($1522, 2018).

Uganda

The Republic of Uganda is a landlocked country located in East Africa. It’s a low-income economy with a GDP of $34.4 billion (2019). Uganda’s main exports (2018) include tourism (22%) and gold (17%). The land-locked nature of Uganda combined with its membership of the East African Community make it a useful case study in this […]

Tanzania

The United Republic of Tanzania is a lower-middle income economy located in East Africa. Its GDP is $63 billion (2019) and it relies greatly on exports of gold, agricultural goods and metals. Tanzania was selected as a case study due to the relatively large size of its population (56 million) and its location within different […]

South Africa

The Republic of South Africa is an upper-middle-income country with a GDP of more than $350 billion (2019). It has a diversified export portfolio consisting of minerals, precious stones, services, agriculture and manufactured goods. The relative sophistication of the economy and macroeconomic environment makes it an ideal country to be included as a case study.

Nigeria

The Federal Republic of Nigeria is the largest economy in Africa with a GDP totalling nearly $450 billion. It is a lower-middle income economy of which nearly 90% of exports are oil and gas. Nigeria was selected as a case study because of the significance of its economy in Africa, and its large reliance on […]