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.

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 […]

Monetary and Fiscal Responses

Mapping and evaluating the effectiveness of macroeconomic measures by African countries to combat the impact of Covid-19

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).