The population of Ghana in 2017 was 28,8 million people, with the majority living in rural areas. The economy of Ghana is largely based on services, industry, and agriculture, with a GDP of $52.3 billion and a relatively low per capita income. Ghana is a member of the United Nations, African Union (AU), World Trade…
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.
Gambia 2017
The population of Gambia in 2017 was 2,164,454 people, with the majority living in rural areas. The economy of Gambia is largely based on agriculture and services, with a GDP of $1.9 billion and a relatively low per capita income. Gambia is a member of the United Nations, African Union (AU), International Monetary Fund (IMF)…
Gabon 2017
The population of Gabon in 2017 was 2,222,741 people, with the majority living in urban areas. The economy of Gabon is largely based on oil and gas production, with a GDP of $22.6 billion and a relatively high per capita income. Gabon is a member of the United Nations, African Union (AU), International Monetary Fund…
Ethiopia 2017
The population of Ethiopia in 2017 was 108,732,817 people, with the majority living in rural areas. The economy of Ethiopia is largely based on agriculture and industry, with a GDP of $91.3 billion and a relatively low per capita income. Ethiopia is a member of the United Nations, African Union (AU), International Monetary Fund (IMF)…
Eswatini 2017
Swaziland is a small, landlocked monarchy located in southern Africa with a population of approximately 1.3 million people. In 2017, the country’s GDP was estimated at US$4.3 billion and its per capita GDP was US$3,700. The economy of Swaziland is highly dependent on its agricultural sector and remittances from its citizens living abroad. In terms…
Eritrea 2017
The population of Eritrea in 2017 was 5,862,963 people, with the majority living in urban areas. The economy of Eritrea is largely based on agriculture and industry, with a GDP of $7.4 billion and a relatively low per capita income. Eritrea is a member of the United Nations, African Union (AU), International Monetary Fund (IMF)…
Equatorial Guinea 2017
The population of Equatorial Guinea in 2017 was 1,222,245 people, with the majority living in urban areas. The economy of Equatorial Guinea is largely based on oil and gas, with a GDP of $17.4 billion and a relatively high per capita income. Equatorial Guinea is a member of the United Nations, African Union (AU), International…
Egypt 2017
The population of Egypt in 2017 was 95,688,993 people, with the majority living in urban areas. The economy of Egypt is largely based on services and industry, with a GDP of $315 billion and a relatively high per capita income. Egypt is a member of the United Nations, African Union (AU), International Monetary Fund (IMF)…
Djibouti 2017
The population of Djibouti in 2017 was 942,333 people, with the majority living in urban areas. The economy of Djibouti is largely based on services and industry, with a GDP of $2.4 billion and a relatively low per capita income. Djibouti is a member of the United Nations, African Union (AU), Arab League (AL), International…
Democratic Republic of the Congo 2017
The population of the Democratic Republic of the Congo in 2017 was 81.3 million people, with the majority living in rural areas. The economy of the Democratic Republic of the Congo is largely based on agriculture and mining, with a GDP of $41 billion and a relatively low per capita income. The Democratic Republic of…
Comoros 2017
The population of Comoros in 2017 was 842,000 people, with the majority living in rural areas. The economy of Comoros is largely based on agriculture, fishing and tourism, with a GDP of $2.3 billion and a relatively low per capita income. Comoros is a member of the United Nations, African Union (AU), Arab League and…
Chad 2017
The population of Chad in 2017 was 14.8 million people, with the majority living in rural areas. The economy of Chad is largely based on oil production, with a GDP of $13.9 billion and a relatively low per capita income. Chad is a member of the United Nations, African Union (AU), Economic Community of Central…
Central African Republic 2017
The population of Central African Republic in 2017 was 4.7 million people, with the majority living in rural areas. The economy of Central African Republic is largely based on agriculture, forestry and mining, with a GDP of $2.6 billion and a relatively low per capita income. Central African Republic is a member of the United…
Cameroon 2017
The population of Cameroon in 2017 was 24.3 million people, with the majority of the population living in rural areas. The economy of Cameroon is largely based on agriculture, with a GDP of $48 billion and a relatively low per capita income. Cameroon is a member of the United Nations, African Union (AU), Economic Community…
Cabo Verde 2017
The population of Cape Verde in 2017 was 551,000 people, with the majority of the population living in urban areas. The economy of Cape Verde is largely based on services, with a GDP of $2.3 billion and a relatively low per capita income. Cape Verde is a member of the United Nations, African Union (AU),…
Burundi 2017
The population of Burundi in 2017 was 11.3 million people, with the majority of the population living in rural areas. The economy of Burundi is largely based on agriculture, with a GDP of $4 billion and an extremely low per capita income. Burundi is a member of the United Nations, African Union (AU) and East…
Burkina Faso 2017
The population of Burkina Faso in 2017 was 19.3 million people, with the majority of the population living in rural areas. The economy of Burkina Faso is largely based on agriculture, with a GDP of $19 billion and a low per capita income. Burkina Faso is a member of the United Nations, African Union (AU),…
Botswana 2017
The population of Botswana in 2017 was 2.2 million people, with the majority of the population living in rural areas. The economy of Botswana is largely based on natural resources such as diamonds, copper and nickel, with a GDP of $22.2 billion and a moderate per capita income. Botswana is a member of the United…
Benin 2017
The population of Benin in 2017 was 11.5 million people, with the majority of the population living in rural areas. The economy of Benin is largely based on subsistence agriculture, with a GDP of $6.7 billion and a low per capita income. Benin is a member of the United Nations, African Union (AU), Economic Community…
Angola 2017
In 2017, Angola had a population of approximately 28.8 million people, with the majority of the population being of African descent. The economy of Angola is largely driven by oil and diamonds, with these two industries providing more than 50 percent of the country’s GDP. In terms of foreign relations, Angola has close ties to…
Algeria 2017
In 2017, the population of Algeria was estimated to be around 43 million people. The economy is largely based on oil and gas exports, with a GDP of $168 billion. Algeria has strong ties with other countries in the Middle East and North Africa region as well as with Russia and China. In terms of…
Geology of Africa
The African continent consists of five old bedrock areas, cratons, which are welded together with younger mountain chains. 57 percent of the continent has exposed Precambrian rocks to the surface, and the rest has younger deposits on this bedrock. Africa took its present form when South America, Antarctica and Australia disassociated themselves from the great…