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Going forward, Africa’s increasing ties to the global economy will bolster growth

Composition of African trade by trading partner, 1990–2008 %

Absolute, 2008 $ billion

100

5

5

6

Other

45

90

16

17

15

North America

108

80

70

60

51

50

40

30

2

20

11

10

13

28

Western

196

Europe

5

Latin America

33

6

Middle East

41

11

Intra-Africa

81

28

Asia

198

37

3 6

12

20

South- south trade: 50% of total trade

0

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08

SOURCE: International Monetary Fund Direction of Trade Statistics; McKinsey Global Institute

8

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