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Africa’s oil exporters should use their wealth to diversify their economy – a path Nigeria is taking

Real GDP growth by industry sector, 2002–07 %, 2000 $ billion

Resources Agriculture Manufacturing Services

100% =

Angola

86

8 1 5 12.2

Libya

63

24

31

11.0

Algeria

  • -

    5

44

7

54

18.3

Nigeria

35

27

1

37

24.0

SOURCE: World Bank World Development Indicators; McKinsey Global Institute

16

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