Economy Which three countries in Africa have the least debt? Source Regional Economic Outlook IMF Sub-Saharan Africa: A New Shock and Little Room to Maneuver Short answer Which three countries in Africa have the least debt? According to the International Monetary Fund, The Democratic Republic of Congo (11% of its GDP), Botswana (21% of its GDP), and Equatorial Guinea (26%) have the least debt. ... Back Full answer
Economy Which West African country receives the most foreign direct investment? Source UNCTAD: World Investment Report 2023 Short answer Which West African country receives the most foreign direct investment? Senegal was West Africa's largest recipient of foreign direct investment (FDI) in 2022 with $2.6 billion. Nigeria, previously West Africa's largest recipient, saw FDI flows turn negative to -$187 million in 2022 as a result of equity divestments. ... Back Full answer
#YouAsked Economy What countries have the largest economies in Africa? Source IMF: World Economic Outlook (2023) Short answer What countries have the largest economies in Africa? Nigeria and Egypt lead the way as Africa's biggest economies, each with a GDP of $477 billion, followed by South Africa with a GDP of $406 billion in 2022. ... Back Full answer
Economy Which are the three countries in Africa that are the most indebted? Source International Monetary Fund - Regional Economic Outlook: Sub-Saharan Africa: The Big Funding Squeeze Short answer Which are the three countries in Africa that are the most indebted? Eritrea (146% of its GDP), Cabo Verde (120% of its GDP), Mozambique and Zimbabwe (both 102% of their GDP) have the highest debt, according to the International Monetary Fund. ... Back Full answer
#YouAsked Economy Which is Africa’s fastest-growing economy? Source African Economic Outlook 2023 Short answer Which is Africa’s fastest-growing economy? Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Tanzania are among the world’s 10 fastest-growing economies in 2023-24. ... Back Full answer
Economy What is Africa’s unemployment rate? Source ILO: Mutually reinforcing crises have worsened the global employment divide Short answer What is Africa’s unemployment rate? The unemployment rate in 2023 is projected to be 11.2% in North Africa and 6.3% inSub-Saharan Africa. ... Back Full answer
Economy What is Africa’s total global debt? Source World Bank: International Debt Statistics 2022 Short answer What is Africa’s total global debt? In 2022, public debt in Africa reached USD 1.8 trillion. ... Back Full answer
Economy What is Nigeria’s public debt? Source National Bureau of Statistics: Nigerian Domestic & Foreign Debt (Q2 2023) Short answer What is Nigeria’s public debt? Nigeria's public debt stock, which includes external and domestic debt, stood at N87.38 trillion ($113.42 billion) in Q2 2023, up from N49.85 trillion ($108.30 billion) in Q1 2023, indicating a quarter-on-quarter growth of 75.27%. ... Back Full answer
#YouAsked Economy What is Nigeria’s balance of trade? Source National Bureau of Statistics: Foreign Trade in Goods Statistics (Q2 2023) Short answer What is Nigeria’s balance of trade? In the second quarter of 2023, Nigeria’s total trade balance was N12,741.96 billion. Total exports amounted to t N7,015.71 billion and total imports were N5,726.25 billion. ... Back Full answer