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SSA economic overview

Although SSA recently saw a temporary dip in economic growth on account of commodity price adjustments and external
headwinds, it is still expected to be the second-fastest global growing region for the period 2019-23.

GDP per capita (US$)

Sub-Saharan Africa 1,526
Commodity price recovery
East Africa 1,028
• The modest recovery in commodity prices has somewhat aided the recovery of resource-driven
economies within the SSA region.
West Africa 1,610
• Commodity prices are set for some uncertainty and are not expected to reach pre-crisis highs in the
short to medium-term.
• Real GDP in the SSA region during the commodity super-cycle* averaged around 5.9% per annum. Southern Africa 3,421
• The economic effects of recent oil price slumps have highlighted the need for regional economies,
especially Nigeria, to diversify away from an overbearing reliance on commodities.

• Elsewhere in the region, Côte d’Ivoire and Senegal (both with recent investments in the power
sector) are expected to outperform their peers over the next few years. US 62,518

India 2,016

China 9,633

0 20,000 40,000 60,000

*The commodity super-cycle was a continuous period of commodity price increases in the early 2000’s, mostly as a result of an increase in
demand from emerging markets.
Sources: Calculations based on IMF, October 2018, Deloitte Private Equity Survey.
Africa PE Outlook| January 2020 2020. For information, contact Deloitte Touche Tohmatsu United 6