## ssareo-10-18-appendix

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---

### Scope, timing, and coverage
- Data and projections presented in this Regional Economic Outlook are IMF staff estimates as of September 20, 2018, consistent with the projections underlying the October 2018 World Economic Outlook.
- The data and projections cover 45 sub-Saharan African countries in the IMF’s African Department.
- Data definitions follow established international statistical methodologies to the extent possible; in some cases, data limitations limit comparability across countries.
- Additional tables for historical and forecasts for key macroeconomic variables are noted to be available online in the Background Paper and Statistical Appendix.

### Country groupings and classification criteria
- Countries are aggregated into three non-overlapping groups:
  - Oil exporters: net oil exports make up 30 percent or more of total exports.
  - Other resource-intensive countries: non-renewable natural resources represent 25 percent or more of total exports.
  - Non-resource-intensive countries: not classified as either oil exporters or other resource-intensive countries.
- Countries are also aggregated into four (overlapping) groups: oil exporters, middle-income, low-income, and countries in fragile situations.
- Membership criteria for income and fragility groups:
  - Middle-income countries: per capita gross national income in the years 2015–17 of more than US$995.00 (World Bank, Atlas method).
  - Low-income countries: average per capita gross national income in the years 2015–17 equal to or lower than US$995.00 (World Bank, Atlas method).
  - Countries in fragile situations: average CPIA scores of 3.2 or less in the years 2015–17 and/or presence of a peacekeeping or peacebuilding mission within the last three years.
- Regional cooperation bodies membership shown (WAEMU, CEMAC, COMESA, EAC-5, ECOWAS, SADC, SACU). EAC-5 aggregates include data for Rwanda and Burundi, which joined the group only in 2007.

### Methods of aggregation
- Tables SA1 and SA5: country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. Source of PPP weights: World Economic Outlook (WEO) database.
- Table SA2: country group composites are calculated as the geometric average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. Source of PPP weights: WEO database.
- Tables SA3–SA4, and SA6–SA8: country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP in US dollars at market exchange rates as a share of total group GDP.

### Statistical Appendix structure and data notes
- List of Appendix Tables SA1—SA8:
  - SA1. Real GDP Growth
  - SA2. Consumer Prices, Average
  - SA3. Overall Fiscal Balance, Including Grants
  - SA4. Government Debt
  - SA5. Broad Money
  - SA6. External Current Account
  - SA7. External Debt, Official Debt, Debtor Based
  - SA8. Reserves
- Sources and footnotes (selected):
  - Table SA6: Source: IMF, World Economic Outlook database, October 2018. Footnotes: 1 Including grants. 2 Fiscal year data. 3 In constant 2009 US dollars. Note: “...” denotes data not available.
  - Table SA7: Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, October 2018. Footnotes include WAEMU and CEMAC reserve aggregation notes, fiscal year data, and constant 2009 US dollars definitions. Note: “...” denotes data not available.
  - Tables SA1, SA3–SA5, SA8: Source: IMF, Common Surveillance database and IMF, World Economic Outlook database, October 2018. Footnotes: fiscal year data; constant 2009 US dollars definition for Zimbabwe estimates. Note: “...” denotes data not available.
  - Table SA2: Sources: IMF, World Economic Outlook database, October 2018. Footnotes: constant 2009 US dollars definition for Zimbabwe estimates. Note: “...” denotes data not available.

### Country abbreviations excerpt
- AGO Angola; BDI Burundi; BEN Benin; BFA Burkina Faso; BWA Botswana; CAF Central African Rep.; CIV Côte d'Ivoire; CMR Cameroon; COD Congo, Dem. Rep. of; COG Congo, Rep. of; COM Comoros; CPV Cabo Verde; ERI Eritrea; ETH Ethiopia; GAB Gabon; GHA Ghana; GIN Guinea; GMB Gambia, The; GNB Guinea-Bissau; GNQ Equatorial Guinea; KEN Kenya; LBR Liberia; LSO Lesotho; MDG Madagascar; MLI Mali; MOZ Mozambique; MUS Mauritius; MWI Malawi; NER Niger; NGA Nigeria; RWA Rwanda; STP São Tomé & Príncipe; SEN Senegal; SLE Sierra Leone; SSD South Sudan; SWZ Eswatini; TCD Chad; TGO Togo; TZA Tanzania; UGA Uganda; ZAF South Africa; ZMB Zambia; ZWE Zimbabwe.

### Selected reported aggregates and sample table excerpts

- Table SA1. Real GDP Growth (Percent)
  - Sub-Saharan Africa5.11.42.73.13.8
  - Median5.03.83.93.94.5
  - Excluding Nigeria and South Africa    5.83.54.44.65.4
  - Oil-exporting countries5.3–1.70.21.62.4
  - Oil-importing countries4.93.64.44.04.6
  - Middle-income countries4.60.41.82.33.0
  - Low-income countries6.54.45.85.46.0
  - Countries in fragile situations5.12.73.84.54.7
  - CFA franc zone4.63.53.94.45.0
  - WAEMU5.26.56.66.46.3
  - EAC-56.15.45.35.96.3

- Table SA2. Consumer Prices (Annual average, percent change)
  - Sub-Saharan Africa7.711.211.08.68.5
  - Median4.95.55.34.05.3
  - Excluding Nigeria and South Africa    7.2   10.6   10.28.07.0
  - Oil-exporting countries9.417.617.112.612.7
  - Oil-importing countries6.56.97.06.15.8
  - Middle-income countries7.611.511.08.58.7
  - Low-income countries8.110.311.08.97.7
  - Countries in fragile situations5.713.213.69.88.5
  - CFA franc zone2.00.60.91.61.8
  - WAEMU1.50.11.01.81.8
  - EAC-58.05.76.54.25.0

- Table SA3. Overall Fiscal Balance, Including Grants (Percent of GDP)
  - Sub-Saharan Africa: 1.7, –4.5, –4.8, –4.2, –3.9
  - Median: –0.7, –4.9, –3.8, –3.5, –3.0
  - Excluding Nigeria and South Africa: 1.1, –5.0, –4.7, –3.6, –3.5
  - Oil-exporting countries: 5.3, –4.6, –5.2, –3.3, –3.0
    - Excluding Nigeria: 6.6, –6.0, –5.0, 0.1, 0.3
  - Oil-importing countries: –0.5, –4.5, –4.6, –4.7, –4.5
  - Excluding South Africa: –1.2, –4.7, –4.6, –4.8, –4.5
  - Middle-income countries: 2.2, –4.8, –5.1, –4.4, –3.9
    - Excluding Nigeria and South Africa: 2.6, –6.1, –5.4, –3.6, –3.0
  - Low-income countries: –1.3, –3.7, –3.7, –3.7, –4.0
    - Excluding low-income countries in fragile situations: –1.6, –3.2, –3.4, –4.0, –4.1
  - Countries in fragile situations: 0.4, –4.9, –4.3, –2.6, –2.9
  - CFA franc zone: 4.7, –5.6, –3.9, –2.1, –1.4
  - CEMAC: 9.3, –7.3, –3.6, 0.5, 0.9
  - WAEMU: –0.1, –4.3, –4.2, –4.0, –3.0
  - COMESA (SSA members): –1.7, –4.8, –5.4, –5.2, –5.1
  - EAC-5: –1.9, –5.5, –5.0, –5.0, –5.1
  - ECOWAS: 2.9, –4.3, –5.0, –4.9, –4.1
  - SACU: 0.3, –4.1, –4.5, –4.7, –4.6
  - SADC: 0.3, –4.0, –4.6, –4.0, –4.1

- Table SA4. Government Debt (Percent of GDP)
  - Sub-Saharan Africa: 31.0, 43.8, 45.4, 48.5, 48.2
  - Median: 35.8, 51.6, 52.9, 50.4, 53.2
  - Excluding Nigeria and South Africa: 37.3, 54.0, 53.1, 56.2, 54.8
  - Oil-exporting countries: 19.0, 33.8, 35.7, 39.3, 37.7
    - Excluding Nigeria: 32.5, 65.9, 60.6, 66.7, 60.9
  - Oil-importing countries: 40.8, 50.6, 51.4, 53.9, 54.5
  - Excluding South Africa: 39.7, 50.1, 50.5, 52.8, 53.0
  - Middle-income countries: 29.8, 42.5, 44.7, 47.9, 47.4
    - Excluding Nigeria and South Africa: 38.2, 58.9, 56.8, 60.7, 57.8
  - Low-income countries: 36.0, 47.9, 48.1, 50.4, 50.9
    - Excluding low-income countries in fragile situations: 35.9, 49.2, 49.2, 52.9, 53.9
  - Countries in fragile situations: 40.5, 50.0, 50.6, 50.1, 49.1
  - CFA franc zone: 33.0, 49.1, 49.5, 49.2, 47.6
  - CEMAC: 27.4, 52.6, 53.7, 50.4, 48.3
  - WAEMU: 39.1, 46.4, 46.5, 48.3, 47.1
  - COMESA (SSA members): 39.5, 49.5, 51.2, 53.9, 54.2
  - EAC-5: 36.2, 45.0, 46.0, 47.9, 48.3
  - ECOWAS: 20.3, 29.6, 32.2, 35.0, 35.7
  - SACU: 40.6, 49.0, 50.5, 53.2, 54.9
  - SADC: 39.0, 53.3, 52.5, 56.7, 56.3

- Table SA5. Broad Money (Percent of GDP)
  - Sub-Saharan Africa: 36.2, 38.2, 37.7, 38.0, 38.3
  - Median: 27.5, 30.5, 31.1, 29.5, 29.1
  - Excluding Nigeria and South Africa: 29.5, 31.2, 30.3, 30.7, 31.5
  - Oil-exporting countries: 22.3, 27.8, 26.5, 26.6, 26.9
    - Excluding Nigeria: 27.3, 31.3, 26.0, 24.0, 24.6
  - Oil-importing countries: 46.4, 45.4, 45.2, 45.5, 45.6
  - Excluding South Africa: 30.3, 31.2, 31.5, 32.5, 33.3
  - Middle-income countries: 39.2, 41.6, 40.8, 41.0, 41.2
    - Excluding Nigeria and South Africa: 33.2, 34.8, 32.4, 32.4, 33.2
  - Low-income countries: 25.3, 27.3, 28.0, 29.0, 29.8
    - Excluding low-income countries in fragile situations: 25.8, 27.4, 28.1, 29.4, 30.3
  - Countries in fragile situations: 23.6, 25.5, 25.2, 26.0, 26.4
  - CFA franc zone: 23.7, 26.9, 26.2, 27.3, 28.7
  - CEMAC: 21.0, 24.0, 22.5, 22.2, 22.5
  - WAEMU: 26.1, 29.1, 28.9, 30.9, 33.1
  - COMESA (SSA members): 31.1, 31.8, 33.1, 34.6, 35.2
  - EAC-5: 29.6, 28.2, 27.3, 28.3, 28.6
  - ECOWAS: 22.4, 27.7, 27.7, 28.7, 29.3
  - SACU: 70.5, 69.6, 69.6, 69.6, 69.5
  - SADC: 53.9, 53.4, 52.4, 51.8, 51.6

- Table SA6. External Current Account (Percent of GDP)
  - Sub-Saharan Africa: –2.5, –3.9, –2.3, –2.8, –3.4
  - Median: –7.4, –5.9, –5.8, –6.2, –7.1
  - Excluding Nigeria and South Africa: –4.5, –6.8, –4.6, –4.8, –5.4
  - Oil-exporting countries: 1.8, –2.2, 0.8, 0.7, 0.2
    - Excluding Nigeria: 1.6, –8.5, –2.6, –2.0, –1.4
  - Oil-importing countries: –5.9, –5.0, –4.2, –4.8, –5.5
  - Excluding South Africa: –7.5, –6.2, –5.3, –5.8, –6.6
  - Middle-income countries: –0.9, –2.6, –1.1, –1.6, –1.9
    - Excluding Nigeria and South Africa: –1.1, –5.7, –3.3, –3.3, –3.2
  - Low-income countries: –9.6, –8.2, –6.3, –6.9, –8.2
    - Excluding low-income countries in fragile situations: –10.8, –9.3, –7.5, –7.5, –9.7
  - Countries in fragile situations: –5.5, –8.5, –4.8, –4.9, –4.7
  - CFA franc zone: –3.2, –8.9, –6.2, –5.0, –4.7
  - CEMAC: –1.7, –13.7, –5.1, –1.7, –1.2
  - WAEMU: –4.9, –5.3, –7.0, –7.5, –7.2
  - COMESA (SSA members): –6.2, –5.6, –5.2, –5.1, –5.4
  - EAC-5: –8.9, –5.4, –5.1, –5.7, –6.2
  - ECOWAS: –0.5, –1.6, –0.3, –1.3, –1.7
  - SACU: –3.6, –2.2, –1.6, –2.6, –3.0
  - SADC: –3.5, –3.8, –2.3, –3.2, –4.2

- Table SA7. External Debt, Official Debt, Debtor Based (Percent of GDP)
  - Sub-Saharan Africa: 13.9, 20.6, 22.2, 23.0, 23.1
  - Median: 21.7, 26.6, 27.9, 28.2, 28.7
  - Excluding Nigeria and South Africa: 22.0, 30.6, 30.0, 31.1, 31.6
  - Oil-exporting countries: 8.1, 13.7, 15.2, 17.3, 16.8
    - Excluding Nigeria: 19.2, 35.8, 31.4, 34.7, 36.3
  - Oil-importing countries: 18.6, 25.4, 26.5, 26.3, 26.8
  - Excluding South Africa: 23.3, 28.9, 29.5, 29.9, 30.2
  - Middle-income countries: 11.7, 18.1, 20.1, 21.0, 20.9
    - Excluding Nigeria and South Africa: 20.8, 31.6, 30.3, 32.3, 32.7
  - Low-income countries: 24.0, 29.4, 29.7, 29.5, 30.2
    - Excluding low-income countries in fragile situations: 23.9, 33.2, 33.6, 33.2, 34.2
  - Countries in fragile situations: 25.7, 25.6, 26.1, 26.5, 26.4
  - CFA franc zone: 20.6, 25.9, 28.4, 28.8, 29.5
  - CEMAC: 15.7, 25.0, 26.5, 25.4, 26.8
  - WAEMU: 25.8, 26.5, 29.8, 31.4, 31.5
  - COMESA (SSA members): 21.5, 27.2, 27.4, 27.4, 27.8
  - EAC-5: 20.8, 26.5, 27.3, 28.5, 29.5
  - ECOWAS: 8.8, 11.6, 14.6, 16.6, 16.1
  - SACU: 12.6, 18.4, 20.7, 19.4, 19.8
  - SADC: 16.8, 26.2, 25.7, 26.0, 26.6

- Table SA8. Reserves (Months of imports of goods and services) and Reserve Coverage
  - Sub-Saharan Africa (months of imports): 13.9, 20.6, 22.2, 23.0, 23.1
  - Sub-Saharan Africa (reserve coverage percent): 5.0, 5.0, 5.2, 4.9, 4.8
  - Median (months): 21.7, 26.6, 27.9, 28.2, 28.7
  - Median (coverage): 3.5, 3.5, 3.4, 3.3, 3.3
  - Excluding Nigeria and South Africa (months): 22.0, 30.6, 30.0, 31.1, 31.6
  - Excluding Nigeria and South Africa (coverage): 4.3, 4.2, 3.6, 3.3, 3.4
  - Oil-exporting countries (months): 8.1, 13.7, 15.2, 17.3, 16.8
  - Oil-exporting countries (coverage): 6.0, 6.6, 6.3, 6.6, 6.6
    - Excluding Nigeria (months): 19.2, 35.8, 31.4, 34.7, 36.3
    - Excluding Nigeria (coverage): 6.3, 6.7, 4.6, 4.0, 4.6
  - Oil-importing countries (months): 18.6, 25.4, 26.5, 26.3, 26.8
  - Oil-importing countries (coverage): 4.1, 4.2, 4.1, 4.0, 3.8
  - Excluding South Africa (months): 23.3, 28.9, 29.5, 29.9, 30.2
  - Excluding South Africa (coverage): 3.4, 3.3, 3.2, 3.1, 3.1
  - Middle-income countries (months): 11.7, 18.1, 20.1, 21.0, 20.9
  - Middle-income countries (coverage): 5.5, 6.0, 5.6, 5.8, 5.7
  - Low-income countries (months): 24.0, 29.4, 29.7, 29.5, 30.2
  - Low-income countries (coverage): 2.7, 2.4, 2.4, 2.2, 2.2
    - Excluding low-income countries in fragile situations (months): 23.9, 33.2, 33.6, 33.2, 34.2
    - Excluding low-income countries in fragile situations (coverage): 3.1, 3.2, 3.3, 2.9, 2.8
  - Countries in fragile situations (months): 25.7, 25.6, 26.1, 26.5, 26.4
  - Countries in fragile situations (coverage): 2.9, 1.4, 1.4, 1.7, 1.8
  - CFA franc zone (months): 20.6, 25.9, 28.4, 28.8, 29.5
  - CFA franc zone (coverage): 5.2, 3.1, 3.2, 3.8, 4.0
  - CEMAC (months): 15.7, 25.0, 26.5, 25.4, 26.8
  - CEMAC (coverage): 5.2, 2.3, 2.4, 3.0, 3.6
  - WAEMU (months): 25.8, 26.5, 29.8, 31.4, 31.5
  - WAEMU (coverage): 5.3, 3.9, 3.9, 4.7, 4.5
  - COMESA (SSA members) (months): 21.5, 27.2, 27.4, 27.4, 27.8
  - COMESA (coverage): 3.0, 3.1, 2.9, 2.9, 2.9
  - EAC-5 (months): 20.8, 26.5, 27.3, 28.5, 29.5
  - EAC-5 (coverage): 4.2, 4.9, 4.6, 4.4, 4.4
  - ECOWAS (months): 8.8, 11.6, 14.6, 16.6, 16.1
  - ECOWAS (coverage): 5.1, 5.2, 5.6, 6.1, 5.8
  - SACU (months): 12.6, 18.4, 20.7, 19.4, 19.8
  - SACU (coverage): 5.3, 6.0, 5.7, 5.6, 5.3
  - SADC (months): 16.8, 26.2, 25.7, 26.0, 26.6
  - SADC (coverage): 5.2, 6.0, 5.2, 4.8, 4.6

*International Monetary Fund. Regional Economic Outlook: Sub‑Saharan Africa — Statistical Appendix (Section 1 and Section 2), as presented in the source document.*

### Section 1

### ssareo-10-18-appendix - Section 1

### Scope, timing, and coverage
- Data and projections presented in this Regional Economic Outlook are IMF staff estimates as of September 20, 2018, consistent with the projections underlying the October 2018 World Economic Outlook.
- The data and projections cover 45 sub-Saharan African countries in the IMF’s African Department.
- Data definitions follow established international statistical methodologies to the extent possible; in some cases, data limitations limit comparability across countries.
- Additional tables for historical and forecasts for key macroeconomic variables are noted to be available online in the Background Paper and Statistical Appendix.

### Country groupings and classification criteria
- Countries are aggregated into three non-overlapping groups:
  - Oil exporters: net oil exports make up 30 percent or more of total exports.
  - Other resource-intensive countries: non-renewable natural resources represent 25 percent or more of total exports.
  - Non-resource-intensive countries: not classified as either oil exporters or other resource-intensive countries.
- Countries are also aggregated into four (overlapping) groups: oil exporters, middle-income, low-income, and countries in fragile situations.
- Membership criteria for income and fragility groups:
  - Middle-income countries: per capita gross national income in the years 2015–17 of more than US$995.00 (World Bank, Atlas method).
  - Low-income countries: average per capita gross national income in the years 2015–17 equal to or lower than US$995.00 (World Bank, Atlas method).
  - Countries in fragile situations: average CPIA scores of 3.2 or less in the years 2015–17 and/or presence of a peacekeeping or peacebuilding mission within the last three years.
- Regional cooperation bodies membership shown (WAEMU, CEMAC, COMESA, EAC-5, ECOWAS, SADC, SACU). EAC-5 aggregates include data for Rwanda and Burundi, which joined the group only in 2007.

### Methods of aggregation
- Tables SA1 and SA5: country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. Source of PPP weights: World Economic Outlook (WEO) database.
- Table SA2: country group composites are calculated as the geometric average of data for individual countries, weighted by GDP valued at purchasing power parity as a share of total group GDP. Source of PPP weights: WEO database.
- Tables SA3–SA4, and SA6–SA8: country group composites are calculated as the arithmetic average of data for individual countries, weighted by GDP in US dollars at market exchange rates as a share of total group GDP.

### Statistical Appendix structure and data notes
- List of Appendix Tables SA1—SA8:
  - SA1. Real GDP Growth
  - SA2. Consumer Prices, Average
  - SA3. Overall Fiscal Balance, Including Grants
  - SA4. Government Debt
  - SA5. Broad Money
  - SA6. External Current Account
  - SA7. External Debt, Official Debt, Debtor Based
  - SA8. Reserves
- Sources and footnotes (selected):
  - Table SA6: Source: IMF, World Economic Outlook database, October 2018. Footnotes: 1 Including grants. 2 Fiscal year data. 3 In constant 2009 US dollars. Note: “...” denotes data not available.
  - Table SA7: Sources: IMF, Common Surveillance database, and IMF, World Economic Outlook database, October 2018. Footnotes include WAEMU and CEMAC reserve aggregation notes, fiscal year data, and constant 2009 US dollars definitions. Note: “...” denotes data not available.
  - Tables SA1, SA3–SA5, SA8: Source: IMF, Common Surveillance database and IMF, World Economic Outlook database, October 2018. Footnotes: fiscal year data; constant 2009 US dollars definition for Zimbabwe estimates. Note: “...” denotes data not available.
  - Table SA2: Sources: IMF, World Economic Outlook database, October 2018. Footnotes: constant 2009 US dollars definition for Zimbabwe estimates. Note: “...” denotes data not available.

### Country abbreviations excerpt
- AGO Angola; BDI Burundi; BEN Benin; BFA Burkina Faso; BWA Botswana; CAF Central African Rep.; CIV Côte d'Ivoire; CMR Cameroon; COD Congo, Dem. Rep. of; COG Congo, Rep. of; COM Comoros; CPV Cabo Verde; ERI Eritrea; ETH Ethiopia; GAB Gabon; GHA Ghana; GIN Guinea; GMB Gambia, The; GNB Guinea-Bissau; GNQ Equatorial Guinea; KEN Kenya; LBR Liberia; LSO Lesotho; MDG Madagascar; MLI Mali; MOZ Mozambique; MUS Mauritius; MWI Malawi; NER Niger; NGA Nigeria; RWA Rwanda; STP São Tomé & Príncipe; SEN Senegal; SLE Sierra Leone; SSD South Sudan; SWZ Eswatini; TCD Chad; TGO Togo; TZA Tanzania; UGA Uganda; ZAF South Africa; ZMB Zambia; ZWE Zimbabwe.

### Selected reported aggregates and sample table excerpts (preserved verbatim from source)
- Table SA1. Real GDP Growth (Percent)
  - Sub-Saharan Africa5.11.42.73.13.8
  - Median5.03.83.93.94.5
  - Excluding Nigeria and South Africa    5.83.54.44.65.4
  - Oil-exporting countries5.3–1.70.21.62.4
  - Oil-importing countries4.93.64.44.04.6
  - Middle-income countries4.60.41.82.33.0
  - Low-income countries6.54.45.85.46.0
  - Countries in fragile situations5.12.73.84.54.7
  - CFA franc zone4.63.53.94.45.0
  - WAEMU5.26.56.66.46.3
  - EAC-56.15.45.35.96.3
- Table SA2. Consumer Prices (Annual average, percent change)
  - Sub-Saharan Africa7.711.211.08.68.5
  - Median4.95.55.34.05.3
  - Excluding Nigeria and South Africa    7.2   10.6   10.28.07.0
  - Oil-exporting countries9.417.617.112.612.7
  - Oil-importing countries6.56.97.06.15.8
  - Middle-income countries7.611.511.08.58.7
  - Low-income countries8.110.311.08.97.7
  - Countries in fragile situations5.713.213.69.88.5
  - CFA franc zone2.00.60.91.61.8
  - WAEMU1.50.11.01.81.8
  - EAC-58.05.76.54.25.0

*International Monetary Fund. Regional Economic Outlook: Sub‑Saharan Africa — Statistical Appendix (Section 1), as presented in the source document.*

### Section 2

### STATISTICAL APPENDIX — Section 2

### Table SA3. Overall Fiscal Balance, Including Grants (Percent of GDP)
- Sub-Saharan Africa: 1.7, –4.5, –4.8, –4.2, –3.9
- Median: –0.7, –4.9, –3.8, –3.5, –3.0
- Excluding Nigeria and South Africa: 1.1, –5.0, –4.7, –3.6, –3.5
- Oil-exporting countries: 5.3, –4.6, –5.2, –3.3, –3.0
  - Excluding Nigeria: 6.6, –6.0, –5.0, 0.1, 0.3
- Oil-importing countries: –0.5, –4.5, –4.6, –4.7, –4.5
- Excluding South Africa: –1.2, –4.7, –4.6, –4.8, –4.5
- Middle-income countries: 2.2, –4.8, –5.1, –4.4, –3.9
  - Excluding Nigeria and South Africa: 2.6, –6.1, –5.4, –3.6, –3.0
- Low-income countries: –1.3, –3.7, –3.7, –3.7, –4.0
  - Excluding low-income countries in fragile situations: –1.6, –3.2, –3.4, –4.0, –4.1
- Countries in fragile situations: 0.4, –4.9, –4.3, –2.6, –2.9
- CFA franc zone: 4.7, –5.6, –3.9, –2.1, –1.4
- CEMAC: 9.3, –7.3, –3.6, 0.5, 0.9
- WAEMU: –0.1, –4.3, –4.2, –4.0, –3.0
- COMESA (SSA members): –1.7, –4.8, –5.4, –5.2, –5.1
- EAC-5: –1.9, –5.5, –5.0, –5.0, –5.1
- ECOWAS: 2.9, –4.3, –5.0, –4.9, –4.1
- SACU: 0.3, –4.1, –4.5, –4.7, –4.6
- SADC: 0.3, –4.0, –4.6, –4.0, –4.1

### Table SA4. Government Debt (Percent of GDP)
- Sub-Saharan Africa: 31.0, 43.8, 45.4, 48.5, 48.2
- Median: 35.8, 51.6, 52.9, 50.4, 53.2
- Excluding Nigeria and South Africa: 37.3, 54.0, 53.1, 56.2, 54.8
- Oil-exporting countries: 19.0, 33.8, 35.7, 39.3, 37.7
  - Excluding Nigeria: 32.5, 65.9, 60.6, 66.7, 60.9
- Oil-importing countries: 40.8, 50.6, 51.4, 53.9, 54.5
- Excluding South Africa: 39.7, 50.1, 50.5, 52.8, 53.0
- Middle-income countries: 29.8, 42.5, 44.7, 47.9, 47.4
  - Excluding Nigeria and South Africa: 38.2, 58.9, 56.8, 60.7, 57.8
- Low-income countries: 36.0, 47.9, 48.1, 50.4, 50.9
  - Excluding low-income countries in fragile situations: 35.9, 49.2, 49.2, 52.9, 53.9
- Countries in fragile situations: 40.5, 50.0, 50.6, 50.1, 49.1
- CFA franc zone: 33.0, 49.1, 49.5, 49.2, 47.6
- CEMAC: 27.4, 52.6, 53.7, 50.4, 48.3
- WAEMU: 39.1, 46.4, 46.5, 48.3, 47.1
- COMESA (SSA members): 39.5, 49.5, 51.2, 53.9, 54.2
- EAC-5: 36.2, 45.0, 46.0, 47.9, 48.3
- ECOWAS: 20.3, 29.6, 32.2, 35.0, 35.7
- SACU: 40.6, 49.0, 50.5, 53.2, 54.9
- SADC: 39.0, 53.3, 52.5, 56.7, 56.3

### Table SA5. Broad Money (Percent of GDP)
- Sub-Saharan Africa: 36.2, 38.2, 37.7, 38.0, 38.3
- Median: 27.5, 30.5, 31.1, 29.5, 29.1
- Excluding Nigeria and South Africa: 29.5, 31.2, 30.3, 30.7, 31.5
- Oil-exporting countries: 22.3, 27.8, 26.5, 26.6, 26.9
  - Excluding Nigeria: 27.3, 31.3, 26.0, 24.0, 24.6
- Oil-importing countries: 46.4, 45.4, 45.2, 45.5, 45.6
- Excluding South Africa: 30.3, 31.2, 31.5, 32.5, 33.3
- Middle-income countries: 39.2, 41.6, 40.8, 41.0, 41.2
  - Excluding Nigeria and South Africa: 33.2, 34.8, 32.4, 32.4, 33.2
- Low-income countries: 25.3, 27.3, 28.0, 29.0, 29.8
  - Excluding low-income countries in fragile situations: 25.8, 27.4, 28.1, 29.4, 30.3
- Countries in fragile situations: 23.6, 25.5, 25.2, 26.0, 26.4
- CFA franc zone: 23.7, 26.9, 26.2, 27.3, 28.7
- CEMAC: 21.0, 24.0, 22.5, 22.2, 22.5
- WAEMU: 26.1, 29.1, 28.9, 30.9, 33.1
- COMESA (SSA members): 31.1, 31.8, 33.1, 34.6, 35.2
- EAC-5: 29.6, 28.2, 27.3, 28.3, 28.6
- ECOWAS: 22.4, 27.7, 27.7, 28.7, 29.3
- SACU: 70.5, 69.6, 69.6, 69.6, 69.5
- SADC: 53.9, 53.4, 52.4, 51.8, 51.6

### Table SA6. External Current Account (Percent of GDP)
- Sub-Saharan Africa: –2.5, –3.9, –2.3, –2.8, –3.4
- Median: –7.4, –5.9, –5.8, –6.2, –7.1
- Excluding Nigeria and South Africa: –4.5, –6.8, –4.6, –4.8, –5.4
- Oil-exporting countries: 1.8, –2.2, 0.8, 0.7, 0.2
  - Excluding Nigeria: 1.6, –8.5, –2.6, –2.0, –1.4
- Oil-importing countries: –5.9, –5.0, –4.2, –4.8, –5.5
- Excluding South Africa: –7.5, –6.2, –5.3, –5.8, –6.6
- Middle-income countries: –0.9, –2.6, –1.1, –1.6, –1.9
  - Excluding Nigeria and South Africa: –1.1, –5.7, –3.3, –3.3, –3.2
- Low-income countries: –9.6, –8.2, –6.3, –6.9, –8.2
  - Excluding low-income countries in fragile situations: –10.8, –9.3, –7.5, –7.5, –9.7
- Countries in fragile situations: –5.5, –8.5, –4.8, –4.9, –4.7
- CFA franc zone: –3.2, –8.9, –6.2, –5.0, –4.7
- CEMAC: –1.7, –13.7, –5.1, –1.7, –1.2
- WAEMU: –4.9, –5.3, –7.0, –7.5, –7.2
- COMESA (SSA members): –6.2, –5.6, –5.2, –5.1, –5.4
- EAC-5: –8.9, –5.4, –5.1, –5.7, –6.2
- ECOWAS: –0.5, –1.6, –0.3, –1.3, –1.7
- SACU: –3.6, –2.2, –1.6, –2.6, –3.0
- SADC: –3.5, –3.8, –2.3, –3.2, –4.2

### Table SA7. External Debt, Official Debt, Debtor Based (Percent of GDP)
- Sub-Saharan Africa: 13.9, 20.6, 22.2, 23.0, 23.1
- Median: 21.7, 26.6, 27.9, 28.2, 28.7
- Excluding Nigeria and South Africa: 22.0, 30.6, 30.0, 31.1, 31.6
- Oil-exporting countries: 8.1, 13.7, 15.2, 17.3, 16.8
  - Excluding Nigeria: 19.2, 35.8, 31.4, 34.7, 36.3
- Oil-importing countries: 18.6, 25.4, 26.5, 26.3, 26.8
- Excluding South Africa: 23.3, 28.9, 29.5, 29.9, 30.2
- Middle-income countries: 11.7, 18.1, 20.1, 21.0, 20.9
  - Excluding Nigeria and South Africa: 20.8, 31.6, 30.3, 32.3, 32.7
- Low-income countries: 24.0, 29.4, 29.7, 29.5, 30.2
  - Excluding low-income countries in fragile situations: 23.9, 33.2, 33.6, 33.2, 34.2
- Countries in fragile situations: 25.7, 25.6, 26.1, 26.5, 26.4
- CFA franc zone: 20.6, 25.9, 28.4, 28.8, 29.5
- CEMAC: 15.7, 25.0, 26.5, 25.4, 26.8
- WAEMU: 25.8, 26.5, 29.8, 31.4, 31.5
- COMESA (SSA members): 21.5, 27.2, 27.4, 27.4, 27.8
- EAC-5: 20.8, 26.5, 27.3, 28.5, 29.5
- ECOWAS: 8.8, 11.6, 14.6, 16.6, 16.1
- SACU: 12.6, 18.4, 20.7, 19.4, 19.8
- SADC: 16.8, 26.2, 25.7, 26.0, 26.6

### Table SA8. Reserves (Months of imports of goods and services) and Reserve Coverage
- Sub-Saharan Africa (months of imports): 13.9, 20.6, 22.2, 23.0, 23.1
- Sub-Saharan Africa (reserve coverage percent): 5.0, 5.0, 5.2, 4.9, 4.8
- Median (months): 21.7, 26.6, 27.9, 28.2, 28.7
- Median (coverage): 3.5, 3.5, 3.4, 3.3, 3.3
- Excluding Nigeria and South Africa (months): 22.0, 30.6, 30.0, 31.1, 31.6
- Excluding Nigeria and South Africa (coverage): 4.3, 4.2, 3.6, 3.3, 3.4
- Oil-exporting countries (months): 8.1, 13.7, 15.2, 17.3, 16.8
- Oil-exporting countries (coverage): 6.0, 6.6, 6.3, 6.6, 6.6
  - Excluding Nigeria (months): 19.2, 35.8, 31.4, 34.7, 36.3
  - Excluding Nigeria (coverage): 6.3, 6.7, 4.6, 4.0, 4.6
- Oil-importing countries (months): 18.6, 25.4, 26.5, 26.3, 26.8
- Oil-importing countries (coverage): 4.1, 4.2, 4.1, 4.0, 3.8
- Excluding South Africa (months): 23.3, 28.9, 29.5, 29.9, 30.2
- Excluding South Africa (coverage): 3.4, 3.3, 3.2, 3.1, 3.1
- Middle-income countries (months): 11.7, 18.1, 20.1, 21.0, 20.9
- Middle-income countries (coverage): 5.5, 6.0, 5.6, 5.8, 5.7
- Low-income countries (months): 24.0, 29.4, 29.7, 29.5, 30.2
- Low-income countries (coverage): 2.7, 2.4, 2.4, 2.2, 2.2
  - Excluding low-income countries in fragile situations (months): 23.9, 33.2, 33.6, 33.2, 34.2
  - Excluding low-income countries in fragile situations (coverage): 3.1, 3.2, 3.3, 2.9, 2.8
- Countries in fragile situations (months): 25.7, 25.6, 26.1, 26.5, 26.4
- Countries in fragile situations (coverage): 2.9, 1.4, 1.4, 1.7, 1.8
- CFA franc zone (months): 20.6, 25.9, 28.4, 28.8, 29.5
- CFA franc zone (coverage): 5.2, 3.1, 3.2, 3.8, 4.0
- CEMAC (months): 15.7, 25.0, 26.5, 25.4, 26.8
- CEMAC (coverage): 5.2, 2.3, 2.4, 3.0, 3.6
- WAEMU (months): 25.8, 26.5, 29.8, 31.4, 31.5
- WAEMU (coverage): 5.3, 3.9, 3.9, 4.7, 4.5
- COMESA (SSA members) (months): 21.5, 27.2, 27.4, 27.4, 27.8
- COMESA (coverage): 3.0, 3.1, 2.9, 2.9, 2.9
- EAC-5 (months): 20.8, 26.5, 27.3, 28.5, 29.5
- EAC-5 (coverage): 4.2, 4.9, 4.6, 4.4, 4.4
- ECOWAS (months): 8.8, 11.6, 14.6, 16.6, 16.1
- ECOWAS (coverage): 5.1, 5.2, 5.6, 6.1, 5.8
- SACU (months): 12.6, 18.4, 20.7, 19.4, 19.8
- SACU (coverage): 5.3, 6.0, 5.7, 5.6, 5.3
- SADC (months): 16.8, 26.2, 25.7, 26.0, 26.6
- SADC (coverage): 5.2, 6.0, 5.2, 4.8, 4.6

*Extracted from the Statistical Appendix tables in the provided content.*

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_Source: https://www.imf.org/-/media/files/publications/reo/afr/2018/october/pdf/ssareo-10-18-appendix.pdf_
