This publication covers the economic and social conditions in Southern Africa in 2004 in Part 1 and the progress in and the prospects for the implementation of the Millennium Development Goals (MDGs) in Part 2.
Real GDP growth in the Southern African subregion picked up from 2.5 per cent in 2003 to 3.5 per cent in 2004 mainly as a result of steady growth in South Africa. Buoyant growth in Angola was a result of high oil prices and production. While good agricultural production in 2004 helped the economies of Mauritius and Mozambique, relatively poor performance in this sector in Lesotho, Malawi, Swaziland affected economic performance in these countries in 2004. The ongoing political crisis in Zimbabwe contributed to the contraction of the economy albeit at a slower pace than previous years. Growth was steady mainly in Botswana, Mauritius and Mozambique.