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Minister of Trade and Industry, Trond Giske. Introductory remarks, Norwegian African Business Summit Oslo, 29. September 2011
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Norwegian-African Business SummitIntroductory remarks
Minister of Trade and Industry Trond GiskeOslo, 29. September 2011
GDP growth rates in 2015 – forecastAnnual percent change
≥ 10 %6 – 10 %3 – 6 %< 3 %no data
Source: IMF World Outlook
”When people talk about the global credit crisis, the BRIC countries talk about the North Atlantic credit crisis.”
Jim O’Neill - March 2010
2001- 2010AngolaChinaBurmaNigeriaEthiopiaKazakhstanChadMozambiqueCambodiaRwanda
11.110.510.38.98.48.27.97.97.77.6
2011- 2015ChinaIndiaEthiopiaMozambiqueTanzaniaVietnamCongoGhanaZambiaNigeria
9.58.28.17.77.27.27.07.06.96.8
Source: IMF World Economic Outlook September 2011
World’s ten fastest-growing economiesAverage annual GDP growth, percent
”In Africa’s case, the economic performance in the last decade gives the continent a unique opportunity to claim a more active role and a stronger bargaining position in the global arena.”
Rwandan President Paul KagameSpeaking in Paris on 13 September 2011
Africa tomorrow$ 1.6 trillion collective GDP in 2008
$ 860 billion consumer spending in 2008
500 million people of working age
Africa today Africa tomorrow
$ 2.6 trillion collective GDP in 2020
$ 1.4 trillion consumer spending in 2020
1.1 billion people of working age in 2040
Source: McKinsey Global Institute, June 2010.
0
500
1 000
1 500
2 000
2 500
3 000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Imports
Exports
Total trade
Norway’s trade with the African continent 2000-2010In millions of USD
Offshore
Renewable energy
Trade
InvestmentsAngola
Ghana
Mozambique
Norwegian trade delegation to Africa – November 2011
Norwegian-African Business SummitIntroductory remarks
Minister of Trade and Industry Trond GiskeOslo, 28. September 2011
