Emerging Evidence on the Relative Importance of Sectoral Sources of Growth in Sub-Saharan Africa
Purposeful, well-targeted and successful transformation policies will be elusive for a country or region that does not understand the relative importance of its sectoral sources of growth. This study aims at eliciting our understanding in this respect by providing an assessment of the relative importance of the major sectors as sources of growth in sub-Saharan African (SSA) countries. Our findings reveal that, contrary to the general belief that agriculture is the most important contributor to economic growth in SSA countries, rather it is the service sector that leads, followed by agriculture and manufacturing. While not discounting policies aimed at strengthening all sectors, the service sector particularly needs to be better positioned to foster sustainable economic growth in SSA countries.
Ogunleye, E.K. Emerging Evidence on the Relative Importance of Sectoral Sources of Growth in Sub-Saharan Africa. UNU-WIDER, Helsinki, Finland (2011) 34 pp. ISBN 978-92-9230-428-7 [WIDER Working Paper No. 2011/61]