Africa – A Compromised Growth Story

  • 45 African economies – commodity dependent – so open to external economic shocks
  • Commodity dependent country – 60%+ merchandise exports of total  exports from the country
  • Primary commodities – oil/gas/minerals/agricultural products/
  • Commodity dependence – means low growth – means increased economic vulnerability (in case of an external economic shocks due to global events)
  • Merchandise items – Highest concentration of exports  
  • 2nd lowest share of exports (after Oceania) – merchandise items
  • Trade in services – abysmally low – with almost no high-intensive and technology enabling services
  • 50 million – micro and small-medium sized enterprises in Africa
  • $416 billion – the financial support these organizations need every year

(UNCTAD)

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