Facts in Q&A format

In the year 2020, diaspora remittances – or funds sent home by Zimbabwe’s non-resident population – amounted to US$1 billion, a 58% increase from the previous year of US$635.7 million. The increase is mainly due to the liberalisation of the use of free funds in the country and improved channelling…

The tourism sector is estimated to have generated about US$1.25 billion in tourism in 2019. This is a 10% fall from an estimated US$1.39 billion recorded in 2018 and is largely a result of the fall of international tourist arrivals and the depressed domestic arrivals due to the prevailing economic…

The official unemployment rate increased by 1.7% to 32.5% in the fourth quarter of 2020 compared to 30.8% in the third quarter of 2020. 

 

Related: Frequently asked questions about jobs in South Africa

In the fourth quarter of 2020, the official unemployment rate for young people (aged 15–24 years) was 63.2%, a 1.9% increase from 61.3% in the third quarter of 2020.

 

Related: Is youth unemployment in South Africa among the highest in the world?

The oil sector contributed 5.8% to Nigeria’s real GDP, which is adjusted for inflation, in the fourth quarter of 2020.

The country’s National Bureau of Statistics defines “youth” as people aged between 15 and 34. In the second quarter of 2020, the most recent data available, the unemployment rate among young people was 34.9%, up from 29.7% in the third quarter of 2018.

In the fourth quarter of 2020, the total value of Nigeria's exports was N3.19 trillion, while the total value of imports stood at N5.93 trillion. The country's trade balance was therefore N-2.73 trillion.

Nigeria's Total Debt Stock (Foreign & Domestic), as of 30th September 2020 stood at N32.22 trillion (US$84.57 billion), a 3.9% increase when compared with N31.01 trillion (US$85.9 billion) recorded in June 2020. Domestic debt stock includes federal government bonds, treasury bills and…