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The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [19] were living in 53 countries in Africa. Africa is a resource-rich continent. [20] [21] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [22]
The data has been collected by the World Bank's International Comparison Program since the 1970s and has been available for almost all World Bank member states and some other territories since 1990. The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries.
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
Here are the average U.S. prices for popular groceries compared to what the rest of the world pays, (featuring some of the most and least expensive countries) shown here adjusted into U.S. dollars ...
World 2022 data (2024 report) Change in HDI value 2023-2024 [3] Very high human development 1 67 Seychelles: 0.802 0.007 High human development 2 72 Mauritius: 0.796 0.006 3 92 Libya: 0.746 4 93 Algeria: 0.745 0.005 5 101 Tunisia: 0.732 0.003 6 105 Egypt: 0.728 0.002 7 110 South Africa: 0.717 0.004 8 114 Botswana: 0.708 0.028
Earn more income: Easier said than done, of course, but earning more income is the obvious way to keep up with increases in the cost of living. If the cost of living rises by 5 percent and you get ...
Country GDP (PPP) per capita (2022, 2022 US$) [1] [failed verification] Algeria 13,715 Angola 7,360 Benin 3,767 Botswana 19,287 Burkina Faso 2,461 Burundi 791 Cape Verde
Figures are given in international dollars according to the International Monetary Fund. [1] The GDP (PPP) of the dependent or integral territories of France, Italy, Malta, Portugal, Spain, the United Kingdom and Yemen within the African continent are not included in this list.