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Table 1: Annualized Volatility (%) – Comparison of Key African and European Currencies (FX rate against the US$)
2010
2011
2012
2014
Ghana Cedi
5.8
6.6
6.6
7.4
Kenyan Shilling
6.7
11.6
5.7
4.4
Nigerian Naira
5.4
10.6
5.2
5.7
South African Rand
12.7
19.4
13.9
13.6
Euro
12.0
11.9
8.2
7.4
British Pound
10.1
8.4
6.3
7.5
Figure 3: Africa - FDI Inflows & Real GDP Growth 70 6.10 60 50
5.10
40 4.10
30 20
3.10 2005 2006
2007
2008 2009
2010
q Foreign direct investment, net inflows (Billion US$) q Real GDP Growth Rates (%) Left Scale
2011
2012
2013
Macro Data
for 2014
Source: IMF, Standard Chartered, NKC
GDP growth in %
GDP per head in USD
Fiscal Balance (% of GDP)
CPI in % year on year
Current Account balance in % GDP
Net FDI in % GDP
Months of Import Cover
Nigeria (please note this is pre Nigeria rebasing its GDP)
Total External Sovereign Debt in % GDP
7.365
1,831.348
-0.68
8.193
3.646
4.95
1.84
5.67
24.678
28.324
Angola
6.273
6,227.456
0.8
8.499
4.559
19.9
0.73
8.3
14.489
19.048
Turkey
3.47
11,011.252
-2.7
6.491
-7.224
47.7
1.4
4
20.104
12.88
South Africa
2.932
7,096.443
-4.7
5.499
-6.126
44.7
4.5
19.338
13.212
Gross Total National Investment Savings
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