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Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
The second list shows the World Bank's estimates, and the third list includes mostly 2024 estimates from the CIA World Factbook. In these lists, the sovereign states and dependent territories are classified according to the geoscheme created by the United Nations Statistics Division . [ 1 ]
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
Rank Region HDI (2022) Medium human development 1: Greater Accra: 0.670 2: Eastern: 0.622 3: Ashanti: 0.618 4: Western: 0.611 5: Volta Region: 0.603 5: Central Region
But the changes they generated – societally in 1968 in the US and functionally around the globe in 2020 — weren’t as complete and as multidimensional as what I expect for 2024.
The first people to arrive from the region then known as the Gold Coast were brought as slaves via the Atlantic slave trade.Several ethnic groups such as the Akan, the Ganga [4] or the Ga people were imported as well to the modern United States and the third of these groups appear to have an influence on the language of the Gullah people.
The table below presents the latest Human Development Index (HDI) for countries in Africa as included in the United Nations Development Programme's Human Development Report, released on 13 March 2024 and based on data collected in 2024. [1] As of 2024, all African UN member states are included in the report.