Economics of the Motherland: Africa’s Top Ten Competitive Economies

5 comments
September 26, 2011 ‐ By TheEditor

Earlier this month The World Economic Forum released its Global Competitiveness Report for 2011-2012. While the United States continued its decline in the rankings, now holding steady in fifth place, South Africa moved up in the ranks.  But South Africa, which ranks 50 among the nations was only one of three African countries to cut through the top half of the rankings. 13 African nations were ranked among the lowest economically competitive.

What does competitive mean? According to the Forum, “a more competitive economy is one that is likely to grow faster over time” due to institutions and policies in place. Since we like to pay homage to the motherland here’s a list of the top ten economies on the continent of Africa:

 

10. Senegal

"senegal" "economies"
Coming in at number ten is Senegal. The Global Competitiveness report put them at 111 among all the nations and here’s why. The nation relies heavily on donor assistance, and when the global financial meltdown of 2009 came about Senegal suffered. Their GDP declined 2 percent. Since then the nation which since 2007 has battled an unemployment rate of roughly 48 percent has struggled to get its bearings. Industries and services only make up 22 percent of jobs, as Senegal is mostly committed to agricultural. The nation has also been hampered by protests against what many claim is a corrupt government.

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  • SonofBabylon

    Which fool wrote this article? Egypt, Ghana, Nigeria and Angola are not on the list? GTFOH and maybe you fools at Atlanta post should do some research next time before writing an article. Gambia has 1.7million people and Nigeria has 160 Million people and Gambia's economy is thriving better than Nigeria?

    Nigerians are the smartest black people in the world and the GDP of Nigeria is $300Billion (#44 in the world) . Go to CIA fact book and see for yourself. Bloody Morons.

  • Simon

    wow angola and mozambique didnt make the list

  • Ace

    where do you guys leave NIGERIA?????…..GHANA????

  • Nichole

    I agree. I am shocked that Ghana and Nigeria aren't on the list. Namibia? Seriously?

    • Linda

      Totally Nigeria not in the list? Angola not in the list? Come on!!