Respuesta :
The manufacturing, financial, service, communications, technology, and entertainment industries are all growing in Nigeria's diverse, middle-income economy, which is also an emerging market.
Describe the about the economy of Nigeria, Kenya ,South Africa ?
- In terms of nominal GDP, it is the 27th-largest economy in the world, and in terms of purchasing power parity, it is the 24th-largest.The greatest economy in Africa is that of Nigeria.
- In 2013, the nation's resurgent manufacturing sector surpassed all others on the continent in size and produced a sizable share of the goods and services required by West Africa.
- Additionally, as of 2019, the debt-to-GDP ratio was 16.075%.Although estimates of the size of the informal sector (which is not included in official calculations) place the true numbers closer to $630 billion, the Nigerian GDP at purchasing power parity (PPP) has almost tripled from $170 billion in 2000 to $451 billion in 2012[30].
- After then, the GDP per capita doubled, rising from $1400 in 2000 to an estimated $2,800 in 2012.Again, it is estimated that the GDP per capita is almost $3,900 per person when the informal sector is taken into account.
- By 2010, there were 160 million people living in the nation, up from 120 million in 2000.When measures were to be reassessed following the rebasing of its economy in, the GDP statistics were to be revised upward by as much as 80% (percent). Kenya's economy is market-based, has a small number of state firms, is an emerging market, and is averagely industrialized relative to its East African counterparts.
- Kenya, a country with a moderate income, aspires to become a newly industrialized country in 2030.Agriculture, forestry, fishing, mining, manufacturing, energy, tourism, and financial services are examples of major industries.After South Africa and Nigeria, Kenya had the third-largest economy in Sub-Saharan Africa as of 2020.
- The Kenyan government has implemented many regulatory reforms, including the establishment of an export processing zone, to make it easier for both domestic and foreign investors.
- Remittances from non-resident Kenyans who work in the United States make up an increasing amount of Kenya's foreign financial inflows. Europe, the Middle East, and Asia
- Economic prospects were favorable as of September 2018, with an estimated GDP growth rate of over 6%
- The expansions in the transportation, building, and telecommunications industries, as well as the resurgence of the agricultural sector and the rise of small enterprises, were heavily credited for this boom.
- A sizable pool of highly educated professional workers supports these advancements.
- Particularly among young Kenyans, there is a high level of IT innovation and literacy Kenya rose from 61st place in 2019 to 56th place in 2020 in the World Bank's ranking of the ease of doing business (of 190 countries)
- Kenya has a well developed social and physical infrastructure when compared South Africa's economy is the second largest in Africa[23], and it is also the continent's most industrialized, technologically advanced, and diverse.One of just eight countries in Africa with an upper-middle-income economy is South Africa.
- After more than twelve years of international sanctions ended in 1996, South Africa's nominal Gross Domestic Product (GDP) than tripled to reach its all-time high of US$416 billion in 2011.
- Within two decades of the end of apartheid, foreign exchange reserves rose from US$3 billion to approximately US$50 billion within the same time period, resulting in a diversified economy with a significant and expanding middle class.
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