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Africa’s oil exporters have diversified less than their international peers

Export engine Real exports per capita 2005 $

Malaysia

Size proportional to real GDP per capita

Indonesia Nigeria

Algeria

10,000

2004

1999

1992

1989

1,000

1982

2008

1962

2008

2004

1994 1988

1982

100

1969

1964

36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86

Economic diversification Manufacturing and service sector share of GDP %

SOURCE: World Bank World Development Indicators; McKinsey Global Institute

17

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