#YouAsked Economy What is South Africa’s Gini coefficient? Source The World Bank: Inequality in Southern Africa: An Assessment of the Southern African Customs Union Short answer What is South Africa’s Gini coefficient? The Gini coefficient is a globally used measure of inequality, among individuals or households within an economy. The coefficient ranges from 0 to 1, where 0 represents perfect equality (all individuals have the same income) and 1 indicates perfect inequality (where one person has all the income and... Back Full answer
#YouAsked Economy Did the Kenyan economy grow over the pandemic period? Source World Bank: Kenya’s Economy is Showing Resilience as Output Rises Above Pre-Pandemic Levels Driven by a Rebound in the Services Sector Short answer Did the Kenyan economy grow over the pandemic period? Kenya's economy has demonstrated resilience to the Covid-19 shock, with output in the first half of 2021 rising above pre-pandemic levels. In 2021 as a whole, gross domestic product (GDP) grew by 5%, one of the faster recoveries among Sub-Saharan African countries. ... Back Full answer
Economy What is the average household income in South Africa? Source StatsSA: Quarterly employment statistics (QES) June 2022 Short answer What is the average household income in South Africa? Statistics South Africa has published the latest Quarterly Employment Survey (QES) for the second quarter of 2022, showing what workers are getting paid across the various sectors in the country. These figures include the payment of bonuses and overtime. The formal non-agricultural sector saw a q... Back Full answer
Economy What is South Africa’s GDP per capita? Source The World Bank: GDP per capita (current US$) - South Africa Short answer What is South Africa’s GDP per capita? After two consecutive quarters of positive growth, real gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022. The country's GDP per capita (nominal gross domestic product divided by the mid-year population) was US$6,994 in 2021. ... Back Full answer
Economy What is Nigeria’s national debt? Source National Bureau of Statistics: Nigeria's Total Public Debt as at June 30, 2022 Short answer What is Nigeria’s national debt? Nigeria's Total Debt Stock (Foreign & Domestic), as of 30 June 2022 stood at N45.5billion (US$103.3 million). ... Back Full answer
Economy How much does Zimbabwe earn from tourism in a year? Source Tourism Trends & Statistics Report 2021 (Zimbabwe Tourism Authority) Short answer How much does Zimbabwe earn from tourism in a year? The tourism sector is estimated to have generated about US$397 million in 2021, a 10% rise from $360 million in 2020 and about $850 million less than the year 2019. ... Back Full answer
Economy How much money do non-residents of Zimbabwe send home in a year? Source Monetary Policy Statement – 18 February 2021 (Reserve Bank of Zimbabwe) Short answer How much money do non-residents of Zimbabwe send home in a year? In the year 2021, diaspora remittances – or funds sent home by Zimbabwe’s non-resident population – amounted to US$5.4 million, a 58% increase from the previous year of $6.3 million. The increase is mainly due to the liberalisation of the use of free funds in the country and improved channelli... Back Full answer
Economy What region receives the largest share of African Export Import Bank (Afreximbank) loans? Source African Export-Import Bank: Half Year 2022 Results Presentation Short answer What region receives the largest share of African Export Import Bank (Afreximbank) loans? West Africa accounted for 42.9% of Afreximbank loans in the first half of 2022. The major beneficiaries of this support were the financial services and oil and gas sectors. The bank has stepped in to fill the financing gap created in the oil and gas sector following the withdrawal of international b... Back Full answer
Economy How many small to medium enterprises (SMEs) are there in Nigeria? Source Africa Check FACTSHEET: What the numbers say about the fortunes of Nigeria’s women Short answer How many small to medium enterprises (SMEs) are there in Nigeria? In Nigeria, the official statistics agency regards small and medium enterprises as businesses that employ 10 to 199 people. A national survey in 2017 found that Nigeria had 73,081 such businesses. ... Back Full answer