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After an initial rebound from the 2009 world economic crisis, Africa's economy was undermined in the year 2011 by the Arab uprisings. The continent's growth fell back from 5% in 2010 to 3.4% in 2011. With the recovery of North African economies and sustained improvement in other regions, growth across the continent is expected to accelerate to ...
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]
One of the leading factors in driving down poverty was the expansion of the agricultural sector. [81] Poor farmers have been able to set higher food prices to increase their sales and revenue, but this expansion has come at a cost to the poorest citizens of the country, as they could not afford the higher priced food. [81]
Africa Rising is a term coined in 2011 to explain rapid economic growth across Sub-Saharan Africa to date since 2000 and the inevitability of its subsequent continuation. The Financial Times defines Africa Rising as a "narrative that improved governance means the continent is almost predestined to enjoy a long period of mid-to-high single-digit ...
As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, behind Nigeria and South Africa. Regionally, Kenya has had a stronger and more stable economy compared to its neighboring countries within East Africa. [17] By 2023, the country had become Africa's largest start-up hub by both funds invested and number of projects. [18]
The economy of South Sudan is $3.681 billion by gross domestic product as of 2019, being one of the most oil dependent economies in the world, with 98% of government's annual operating budget and 80% of its gross domestic product (GDP) derived from oil, [12] despite being endowed with adequate natural resources. It has a very fertile ...
It is an aspect of Tanzania that although obstructed by many internal and external factors, is continually worked on by outside forces and the nation itself. There are several contributors to food security, including economic growth, agricultural policy, environmental changes, climate change and governance. [ 2 ]
Along with environmental impacts, increasing drought periods affect agricultural incomes, diminishes public health and weakens political stability in the MENA region. [42] Syria experienced its most severe drought on record from 2007 to 2010, where restricted water supply degraded agricultural resources and increased economic pressures.