|**Growth acceleration**<br>**Growth deceleration**|**During**<br>**Otherwise**<br>**t-test**<br>**During**<br>**Otherwise**<br>**t-test**<br>Savings (% GDP)<br>15.2 (.77)<br>10.2 (.43)<br>*<br>7.46 (.61)<br>12.7 (.45)<br>*<br>Investments (% GDP)<br>23.7 (.71)<br>19.4 (.32)<br>*<br>15.9 (.43)<br>21.9 (.36)<br>*<br>Private sector investment (% GDP)<br>13.71 (.66)<br>11.22 (.29)<br>*<br>9.20 (.42)<br>12.8 (.34)<br>*<br>Foreign direct investments net flow (% GDP)<br>4.12 (.63)<br>1.97 (.17)<br>*<br>.77 (.15)<br>3.05 (.26)<br>*<br>Consumption (% GDP)<br>88.5 (.99)<br>92.3 (.59)<br>*<br>89.4 (.74)<br>91.9 (.62)<br>*<br>Agriculture value added (%GDP)<br>28.6 (.91)<br>30.4 (.49)<br>*<br>31.9 (.89)<br>29.4 (.46)<br>*<br>Industry value added (% GDP)<br>26.9 (.82)<br>24.0 (.43)<br>*<br>24.6 (.75)<br>25.8 (.44)<br>Service value added (% GDP)<br>44.3 (.83)<br>44.5 (.37)<br>43.5 (.64)<br>44.7 (.40)<br>Trade (% GDP)<br>75.4 (2.29)<br>70.1 (1.26)<br>*<br>58.8 (1.6)<br>75.1 (1.3)<br>*<br>Exports (% GDP)<br>31.6 (1.15)<br>29.0 (.63)<br>*<br>26.7 (.88)<br>30.4 (.66)<br>*<br>Imports (% GDP)<br>43.1 (1.4)<br>40.9 (.77)<br>*<br>32.1 (.83)<br>44.5 (.82)<br>*<br>Real effective exchange rate (2000=100)<br>114.4 (3.05)<br>155 (10.3)<br>*<br>183.1 (21.5)<br>124.6 (3.21)<br>*<br>Terms of trade (2000=100)<br>102.5 (1.3)<br>110.9 (1.4)<br>*<br>114.4 (2.6)<br>107.3 (1.19)<br>*<br>Current account (% GDP)<br>-5.7 (.84)<br>-5.9 (.32)<br>-5.9 (.39)<br>-5.8 (.49)<br>ODA (% GDP)<br>13.6 (.79)<br>13.6 (.51)<br>11.9 (.69)<br>14.11 (.52)<br>*<br>ODA per capita (US$)<br>68.3 (4.4)<br>53.2 (2.04)<br>*<br>41.5 (1.9)<br>61.2 (2.3)<br>*<br>Consumer price index (%)<br>15.1 (1.6)<br>75.2 (32.9)<br>177 (101)<br>23.2 (5.4)<br>*<br>GDP deflator (%)<br>16.6 (1.80)<br>69.5 (30.26)<br>168.1 (98.6)<br>23.7 (5.81)<br>*<br>Public debt (% GNI)<br>112.0 (6.72)<br>95.5 (2.84)<br>*<br>115.3 (5.3)<br>95.2 (3.15)<br>*<br>Government consumption (% GDP)<br>15.9 (.47)<br>16.7 (.28)<br>15.1 (.37)<br>16.8 (.29)<br>*<br>Life expectancy (years)<br>51.3 (.80)<br>50.1 (.41)<br>48.1 (.68)<br>51.0 (.42)<br>*<br>Dependency ratio<br>.91 (.00)<br>.93 (.00)<br>*<br>.93 (.00)<br>.92 (.00)<br>*<br>Under 5 mortality (per 1,000)<br>145.8 (8.33)<br>161.9 (4.93)<br>187.1 (8.99)<br>148.8 (4.68)<br>*<br>Infant mortality (per 1,000 live births)<br>84.3 (4.58)<br>93.9 (2.92)<br>113.2 (4.96)<br>85.5 (2,71)<br>*<br>Primary completion rate (% of relevant age group)<br>52.5 (2.14)<br>49.9 (1.41)<br>41.4 (2.05)<br>52.9 (1.34)<br>*<br>Country Policy and Institutional Assessment (scale 1=low to 6=high)<br>3.19 (.04)<br>3.10 (.04)<br>2.77 (.06)<br>3.18 (.03)<br>*<br>Voice and accountability (-2.5 to +2.5, low to high)<br>-.46 (.71)<br>-.72 (.74)<br>*<br>-1.07 (.39)<br>-.56 (.75)<br>*<br>Political stability (-2.5 to +2.5)<br>-.46 (.84)<br>-.56 (.97)<br>-1.06 (.70)<br>-.46 (.92)<br>*<br>Government effectiveness (-2.5 to +2.5)<br>-.59 (.58)<br>-.71 (.59)<br>-1.01 (.38)<br>-.62 (.60)<br>*<br>Regulatory quality (-2.5 to +2.5)<br>-.46 (.65)<br>-.67 (.66)<br>*<br>-.94 (.74)<br>-.56 (.64)<br>*<br>Rule of law (-2.5 to +2.5)<br>-.66 (.62)<br>-.71 (.67)<br>-1.11 (.52)<br>-.64 (.64)<br>*<br>Control of corruption (-2.5 to +2.5)<br>-.57 (.57)<br>-.61 (.61)<br>-1.11 (.52)<br>-.64 (.65)<br>*<br>Minor conflict (frequency)<br>.08 (.01)<br>.11 (.01)<br>.15 (.02)<br>.09 (.00)<br>*<br>Major conflict (frequency)<br>.05 (.01)<br>.10 (.01)<br>*<br>.07 (.01)<br>.09 (.00)<br>|Notes:<br>(*) t-test that means are not equal significant at the 5% level.<br>Standard error in parentheses.|
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