The 25 Largest African Economies In 2022 By GDP...
#africa #gdp #countries
In today's video, we'll take a look at the top 25 African economies in terms of GDP per capita. While there are multiple ways to compare various nations' wealth, one of the most effective is to calculate each country's GDP per capita. GDP is a very valuable indicator, but it is also pretty wide. For example, it ignores the number of citizens contributing to a country's GDP, which means that a country with a large but inefficient workforce can have a larger GDP than a country with a smaller but more efficient workforce. Economists frequently use GDP per capita to get a more granular look at this and other factors. GDP per capita divides the gross domestic product by the number of people in the country. The International Monetary Fund (IMF) data calculates GDP per capita. This data should give you a good indication of the relative economic stability and affluence of these countries. That is why we will rank them as the best African economies.
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