IMF projects 4.5% growth for Sub-Saharan Africa through 2027

IMF economic forecast Sub-Saharan Africa growth GDP projections resource-intensive economies African economic resilience

The International Monetary Fund (IMF) projects that Sub-Saharan Africa will maintain a steady annual economic growth rate of 4.5% through 2026 and 2027. While the regional outlook remains resilient, the IMF notes that growth is uneven, with resource-intensive economies showing more stability than non-resource-intensive ones.

Specific country forecasts vary. Sierra Leone is expected to grow by 4.8% in 2025, 4.0% in 2026, and 4.4% in 2027. In contrast, Lesotho’s growth is projected to slow significantly, falling to 0.8% by 2027. Zimbabwe is expected to see its GDP reach $65.92 billion by 2026, ranking it as the 14th largest economy in Africa.

Despite the positive regional average, several risks persist. The IMF and the Bank of Central African States (BEAC) highlight potential headwinds including geopolitical conflicts in the Middle East and Eastern Europe, climate vulnerability, high interest burdens, and global inflationary pressures. Experts suggest that economic stability will depend on fiscal adjustments, debt management, and the ability to transition from informal to formal employment.