Facts in Q&A format

Senegal was West Africa's largest recipient of foreign direct investment (FDI) at $2.6 billion in 2022. Nigeria, previously West Africa's largest recipient, saw FDI flows turn negative to -$187 million in 2022 as a result of equity divestments. ...

Eritrea (146% of its GDP), Cabo Verde (120% of its GDP), Mozambique (102 % of its GDP) and Zimbabwe (102 % of its GDP) have the highest debt levels, according to the International Monetary Fund. ...

Nigeria and Egypt lead as Africa's largest economies, each with a GDP of $477 billion, followed by South Africa with a GDP of $406 billion in 2022. ...

Agriculture contributed 19.63% to nominal GDP in the first quarter of 2023. This figure was lower than the share recorded in the first quarter of 2022 and in the fourth quarter of 2022 which were 21.09% and 24.90% respectively. However, the sector contributed 21.66% of total GDP in real terms in the...

In the first quarter of 2023, young people aged 15-24 and 25-34 had the highest unemployment rates, at 62.1% and 40.7% respectively. Around 3.7 million (36,1%) out of 10.2 million young people aged 15-24 were not in employment, education or training (NEET). ...

Africa’s top five fastest growing economies, which are projected to grow by more than 5.5% on average in 2023-2024, are Rwanda (7.9%), Côte d'Ivoire (7.1%), Benin (6.4%), Ethiopia (6.0%), and Tanzania (5.6%). ...

In nominal terms, Nigeria's GDP in the second quarter of 2022 stood at N45 million. The oil sector contributed 6.3% (N2.85 million) to the total real GDP in the second quarter of 2022, down from the figures recorded in the corresponding period of 2021 and the preceding quarter, where it contributed ...

Sub-Saharan Africa’s public debt has increased steadily for more than a decade. Domestic government debt has increased from 15% of GDP in 2010 to 30% in 2020. In 2020, sub-Saharan Africa had a total external debt stock of US$702.4 billion, compared to US$380.9 billion in 2012. ...

Equatorial Guinea (8% of its GDP), the Democratic Republic of the Congo (10.6 % of its GDP) and Botswana (23.2 % of its GDP) have the lowest external debt, according to the latest statistics from the International Monetary Fund. ...