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An economic rebound among some countries has been evident in recent years, however. [31] The dawn of the African economic boom (which is in place since the 2000s) has been compared to the Chinese economic boom that had emerged in Asia since late 1970s. [32] In 2013, Africa was home to seven of the world's fastest-growing economies. [33]
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Money transformed the entire idea of the barter system. A medium of exchange for centuries, it keeps the world in flow, enables countries to trade, store wealth and foster friendly relationships.
This is a list of cities in the world by nominal gross domestic product (GDP). The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Cities may be defined as the cities proper, by the extent of their urban area, or their metropolitan regions. [4]
This is a list of countries by research and development (R&D) spending in real terms, based on data published by World Bank, ... South Africa: 0.60%: 2020
This list is incomplete; you can help by adding missing items. ( March 2014 ) The following is a list of the most expensive video games ever developed, with a minimum total cost of US$ 50 million and sorted by the total cost adjusted for inflation .
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