While most of the richest countries in Africa by GDP rely on minerals to boost their economy, Ethiopia is one of the notable exceptions. The oldest independent country in Africa draws half of its GDP from agriculture. The agricultural activity in the country is divided into three categories. Fi...
AFRICA-DEVELOPMENT: HIGHEST GDP GROWTH SINCE 1989Lewis Machipisa
Beyond internally generated revenues (IGR) and Gross Domestic Products (GDP) of countries in Africa, the strength of economies can be evaluated by the stability of their currencies. Money drives every economy in the world and that’s a given. Importation and exportation are also integral parts ...
However, countries with existing low levels of GDP per capita, such as nations in Africa, and rapidly increasing populations combined with little GDP growth can experience a steady erosion of living standards.5 GDP and Population Growth Both GDP and population are factors in the per capita equatio...
South Africa recorded the worst wealth inequality in 2023, as measured by the Gini index. Which other countries made the top 10?
Furthermore, Switzerland is a high-tech economic country. Although the country has a notorious banking system, it is one of the biggest exporters in the world and has the most competitive economy. 9. Euro (EUR) Twenty (20) countries use the Euro in the European continent. Next to the U...
The countries with the highest unemployment rates include Eswatini, South Africa, and Djibouti. Impact of COVID-19 and Inflation Unemployment in the United States, the largest economy as measured bygross domestic product (GDP), was 3.5% at the end of February 2020—the lowest rate in half a...
From a regional perspective, average wealth in 2023 breaks down as follows: Europe, the Middle East, and Africa: $166,000 per adult Asia Pacific: $156,000 per adult Americas: $146,000 per adult This graphic shows the top 10 countries by average and median wealth, based on data from ...
In 2023, Eswatini had the highest unemployment rate in the world, at 37.6 percent. Of the 10 countries with the highest unemployment rates, nine were in Sub-Saharan Africa. What exactly is unemployment? The unemployment rate is the number of people in the workforce currently looking for jobs...
Tanzania is among the top 10 countries in Africa with the best paying jobs. This East African country has enjoyed relative political stability that has enabled positive economic growth. If you’re keen to work in Tanzania, some of the careers that pay the highest salaries include: lawyers, med...