Category: Africa

In the calculation, the GDP is divided by the number of inhabitants in a country. In a comparison of the countries of the world, Africa brings up the rear with 55 US dollars per capita (as of 2004, according to wikipedia). It should be noted, however, that there are regional differences in GDP per capita in Africa. In some African countries, such as Angola, there is a good growth rate and another positive forecast is given. Overall, however, the low GDP in the two thirds of African countries determines the overall low GDP in Africa. Nevertheless, the political reforms of recent years and the high raw material prices made the African continent more attractive as an investment location. In 2007, Africa’s GDP growth was estimated at over 6 percent.

Currently, however, Africa is also caught in the wake of the global financial crisis and is only recording economic growth of two percent.

Agriculture
The economy of Africa is largely determined by agriculture, mainly because over 60 percent of all Africans work in this field. The majority of them operate on small farms. However, they only generate a very small surplus. At the same time, there are also large farms that grow coffee, cotton, cocoa and rubber. These farms extend over large areas and employ a large number of day laborers. This cultivation of special products for export to the world’s economic powers has often been criticized. Especially against the background that at the same time Africans are starving to death. In the EU countries in particular, their own farmers are so financially supported that, for example, there is an overproduction of milk. This overproduction depresses the world market price, which means that African farmers can no longer keep up. You can therefore only sell what is difficult to cultivate in the EU. That is why African agriculture focuses on a few exportable products, which means that, for example, in the event of a crop failure, there is no way to compensate for the crop failure.

Mainly wheat, oats, maize and barley are grown for the local market. There are also important tree fruits such as dates, olives and citrus fruits. In addition, there is livestock farming. Goats, sheep and camels are traditionally bred in Africa.

Despite everything, Africa cannot produce enough to meet its own needs. Of course, there are other reasons for this, such as the dry climate of the continent and the low level of mechanization in agriculture. Taken together, this has meant that agriculture has lagged behind population growth. For more information about the continent of Africa, please check neovideogames.com.