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
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 Which are the three countries in Africa with the highest levels of debt? Source International Monetary Fund - Regional Economic Outlook: Sub-Saharan Africa: The Big Funding Squeeze Short answer Which are the three countries in Africa with the highest levels of debt? 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. ... Back Full answer
#YouAsked Economy Which countries have the largest economies in Africa? Source IMF: World Economic Outlook (2023) Short answer Which countries have the largest economies in Africa? 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. ... 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) 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. ... Back Full answer
Economy Agriculture How much does agriculture contribute to Nigeria’s GDP? Source Nigerian Gross Domestic Product Report Q1 2023 (Nigeria National Bureau of Statistics) Short answer How much does agriculture contribute to Nigeria’s GDP? 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... Back Full answer
#YouAsked Economy Which is Africa’s fastest-growing economy? Source African Development Bank biannual report: Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank biannual report Short answer Which is Africa’s fastest-growing economy? 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%). ... 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