The AfDB and its partners recently released the African Economic Outlook 2017 report, and it reveals some interesting facts about Africa’s economic performance in the last year.
Ready for a quick quiz? Let’s see how much you know…
Which are the only two African countries that export more than they import?
Which two countries on the continent have a combined GDP that is almost half the entire GDP of Africa?
Which is the fastest-growing economic region in Africa — West, East, North, Central, or South?
Which African country is the highest investor in other countries on the continent?
Which countries worldwide are the top 3 biggest investors in Africa? Tip: The US is in fourth place.
Furthermore, the AfDB report reveals that an increasingly higher proportion of FDI flows are targeting non-resource-rich countries and sectors.
“In 2013, the FDI-to-GDP ratio for non-resource-rich countries stood at 4.5%, twice the level of 2000. Meanwhile, the share of total FDI to resource-rich countries is gradually decreasing, sliding from 78% of total FDI flows in 2008 to an estimated 65% in 2013.”
Read the full article at: How We Made It In Africa