Economy Is Ghana one of the world’s heavily indebted poor countries? Source World Bank Heavily indebted poor countries (HIPC) Short answer Is Ghana one of the world’s heavily indebted poor countries? The International Monetary Fund and the World Bank’s Heavily Indebted Poor Countries (HIPC) initiative aims to ensure that “no poor country faces a debt burden it cannot manage”. Of the 42 countries on the list, 34 are in Africa – including Ghana. ... Back Full answer
Economy Which sector contributes most to Ghana’s GDP? Source Ghana Statistical Service (GSS): Newsletter - Quarterly Gross Domestic Product (QGDP) First Quarter 2023 Short answer Which sector contributes most to Ghana’s GDP? Services remained the largest sector of the Ghanaian economy in the first quarter of 2023, accounting for 47% of GDP at basic prices. Industry and agriculture accounted for32% and 21% of GDP respectively. ... Back Full answer
Economy What is Ghana’s inflation rate? Source Ghana Statistical Service (GSS): Consumer Price Index Bulletin October 2023 Short answer What is Ghana’s inflation rate? In October 2023, Ghana's annual inflation rate was recorded at 35.2%. This is a decline from the previous month's rate of 38.1%, and it is the lowest in 14 months. Despite the decline, Ghana’s inflation rate remains well above the central bank's target range of 6% to 10%. ... Back Full answer
Economy What is Ghana’s annual GDP growth rate? Source African Development Group: Ghana Economic Outlook Short answer What is Ghana’s annual GDP growth rate? Ghana’s real GDP growth - which accounts for inflation - slowed from 5.4% in 2021 to 3.3% in 2022 due to macroeconomic instability, global financial tightening and the spillover effects of Russia’s invasion of Ukraine. ... Back Full answer
Economy What is the unemployment rate in Ghana? Source World Bank: Unemployment, total (% of total labor force) (modeled ILO estimate) - Ghana Short answer What is the unemployment rate in Ghana? According to data from the World BankGhana's unemployment rate was 3.9% in 2022. ... Back Full answer
Economy How many people are employed in South Africa’s tourism sector? Source Minister Patricia De Lille notes tourism statistics (2023) Short answer How many people are employed in South Africa’s tourism sector? According to the latest available data, the tourism sector in South Africa directly employed 459,533 people in 2020. This was a significant decrease of 41.1% or 320,563 employees compared to 2019. ... Back Full answer
Economy What is South Africa’s unemployment rate? Source Stats SA Quarterly Labour Force Survey (QLFS) – Q2:2023 Short answer What is South Africa’s unemployment rate? According to Statistics South Africa, the official unemployment rate for South Africa in the first quarter of 2023 was recorded at 32.9%. The rate for the second quarter of 2023 was 32.6%. ... Back Full answer
Economy What is South Africa’s youth unemployment rate? Source Stats SA Quarterly Labour Force Survey (QLFS) – Q2:2023 Short answer What is South Africa’s youth unemployment rate? South Africa's youth unemployment rate for the 15-34 age group (NEET) in the second quarter of 2023 was reported to be 34.2%. ... Back Full answer
#YouAsked Economy What was South Africa’s gini coefficient in 2020? Source The World Bank: Inequality in Southern Africa: An Assessment of the Southern African Customs Union Short answer What was South Africa’s gini coefficient in 2020? The Gini coefficient is a globally used measure of inequality, between individuals or households within an economy. The coefficient ranges from 0 to 1, with 0 representing perfect equality (all individuals have the same income) and 1 representing perfect inequality (where one person has all the inco... Back Full answer