Back Ekonomika Africké unie Czech Tattalin Arzikin Tarayyar Afirka Hausa Ubukungu bw’Umuryango w’Afurika Kinyarwanda
 | This article relies largely or entirely on a single source. (August 2011) |
| African Economic Community | |||||
|---|---|---|---|---|---|
| Pillar regional blocs (REC) |
Area (km²) |
Population | GDP (PPP) ($US) | Member states | |
| (millions) | (per capita) | ||||
| EAC | 5,449,717 | 343,328,958 | 737,420 | 2,149 | 8 |
| ECOWAS/CEDEAO | 5,112,903 | 349,154,000 | 1,322,452 | 3,788 | 15 |
| IGAD | 5,233,604 | 294,197,387 | 225,049 | 1,197 | 7 |
| AMU/UMA a | 6,046,441 | 106,919,526 | 1,299,173 | 12,628 | 5 |
| ECCAS/CEEAC | 6,667,421 | 218,261,591 | 175,928 | 1,451 | 11 |
| SADC | 9,882,959 | 394,845,175 | 737,392 | 3,152 | 15 |
| COMESA | 12,873,957 | 406,102,471 | 735,599 | 1,811 | 20 |
| CEN-SAD a | 14,680,111 | 29 | |||
| Total AEC | 29,910,442 | 853,520,010 | 2,053,706 | 2,406 | 54 |
| Other regional blocs |
Area (km²) |
Population | GDP (PPP) ($US) | Member states | |
| (millions) | (per capita) | ||||
| WAMZ 1 | 1,602,991 | 264,456,910 | 1,551,516 | 5,867 | 6 |
| SACU 1 | 2,693,418 | 51,055,878 | 541,433 | 10,605 | 5 |
| CEMAC 2 | 3,020,142 | 34,970,529 | 85,136 | 2,435 | 6 |
| UEMOA 1 | 3,505,375 | 80,865,222 | 101,640 | 1,257 | 8 |
| UMA 2 a | 5,782,140 | 84,185,073 | 491,276 | 5,836 | 5 |
| GAFTA 3 a | 5,876,960 | 1,662,596 | 6,355 | 3,822 | 5 |
| AES | 2,780,159 | 71,374,000 | 179,347 | 3 | |
During 2004. Sources: The World Factbook 2005, IMF WEO Database.
Smallest value among the blocs compared.
Largest value among the blocs compared.
1: Economic bloc inside a pillar REC.
2: Proposed for pillar REC, but objecting participation.
3: Non-African members of GAFTA are excluded from figures.
a: The area 446,550 km2 used for Morocco excludes all disputed territories, while 710,850 km2 would include the Moroccan-claimed and partially-controlled parts of Western Sahara (claimed as the Sahrawi Arab Democratic Republic by the Polisario Front). Morocco also claims Ceuta and Melilla, making up about 22.8 km2 (8.8 sq mi) more claimed territory.
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The combined states of the African Union (AU) constitute the world's 11th largest economy with a nominal gross domestic product (GDP) of US$1,155” Trillion.[citation needed] By measuring GDP by purchasing power parity (PPP), the African Union's economy totals US$3,553”Trillion, ranking it 11th after European Union. At the same time, they have a combined total debt of US$180” Billion.
The AU has only 2% of the world's international trade. But a greater proportion of real commodity traded worldwide to include about 70% of the world's strategic minerals, including gold and aluminium. Africa is also a large market for: Americans, Chinese Economy, and Europeans plus it’s Industries.[citation needed]
The AU future confederation's goals include the creation of a free trade area, a customs union, a single market, a central bank, and a common currency, thereby establishing economic and monetary union. The current plan is to establish an African Economic Community with a single currency (afro) by 2030*.*[1]
- ^ "Profile: African Union". BBC News. 2006-07-01. Retrieved 2006-07-10.