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gdp growth
Business / 1 week ago
These five countries are the propellers of Africa's GDP for 2025
Africa's total GDP comes from just five countries. These countries are Nigeria, South Africa, Egypt, Algeria and Ethiopia, whose combined output in 2024 is estimated at around $1.4 trillion, roughly equal to the GDP of the other 49 African countries combined. Africa's total GDP comes from just five countries. These countries are Nigeria, South Africa, Egypt, Algeria and Ethiopia, whose combined output in 2024 is estimated at around $1.4 trillion, roughly equal to the GDP of the other 49 African countries combined. According to data from the International Monetary Fund (IMF) and the World Bank, Africa’s total GDP in 2024 stands at just under $3 trillion, with these five economies accounting for close to 50% of that figure. Nigeria remains Africa’s largest economy, driven by population size, services and energy exports, while South Africa continues to dominate in financial services, manufacturing and capital markets.
Maps / 2 weeks ago
Countries with populations above 100 million
Only 14 countries have crossed the 100-million threshold, and together they represent more than half of the world’s 8.1 billion people, according to the United Nations Population Division. Only 14 countries have crossed the 100-million threshold, and together they represent more than half of the world’s 8.1 billion people, according to the United Nations Population Division. These nations include China, India, the United States, Indonesia, Pakistan, Nigeria, Brazil, Bangladesh, Russia, Mexico, Ethiopia, Japan, the Philippines, and Egypt, an eclectic mix of economic powerhouses, emerging markets, and developing nations that collectively influence global decisions on trade, climate, security, and migration.
World / 3 weeks ago
Half of global GDP comes from just 3.6% of the world — new data shows the imbalance
Only 3.6% of the world’s land area generates half of global GDP, a striking reminder of how unevenly economic power is distributed across the planet. Only 3.6% of the world’s land area generates half of global GDP, a striking reminder of how unevenly economic power is distributed across the planet. The regions highlighted, including parts of the United States, Western Europe, Japan, China’s major coastal hubs, and South Korea, represent the world’s most concentrated engines of productivity.
Business / 6 weeks ago
India’s economy now rivals whole continents: Here is how
India’s economy, which is projected at around US $4.1 trillion in 2025, is equivalent to the combined economies of a collection of its neighbouring and regional peers. India’s economy, which is projected at around US $4.1 trillion in 2025, is equivalent to the combined economies of a collection of its neighbouring and regional peers. According to the Asian Development Bank (ADB), India is expected to grow at 6.7% in the fiscal year ending March 2026, driven by robust domestic demand, rising rural incomes and a vibrant services sector.
Business / 35 weeks ago
Top 10 fastest growing African economies in 2025–2026: South Sudan, Senegal, and Uganda lead GDP surge
Africa's economic landscape is undergoing a seismic shift, with projections from the African Development Bank's Macroeconomic Performance and Outlook (AfDB MPO) report spotlighting rapid expansions across several countries. The top 10 fastest-growing African economies between 2025 and 2026 paint a picture of resilience, reform, and resource-driven resurgence. South Sudan leads the continent with a staggering 34.4% projected GDP growth, fueled by a rebound in oil production and renewed peace efforts. Years of political instability had suppressed output, but recent developments suggest stabilisation is unlocking long-dormant economic potential. This exceptional rate, however, also reflects a base effect—growth rebounding from a low starting point.
Business / 42 weeks ago
How economic conditions are impacting the average hourly wages in Europe
The European economy has experienced significant fluctuations in recent years, influenced by factors such as inflation, unemployment, and GDP growth. These economic conditions have a profound impact on average hourly wages across Europe. According to data from Eurostat, the statistical office of the European Union, we can gain valuable insights into the relationship between economic conditions and average hourly wages. Inflation plays a crucial role in determining average hourly wages. When inflation rises, the purchasing power of consumers decreases, and employers may need to adjust wages to maintain employees' standard of living. Eurostat data reveals that countries with high inflation rates, such as Hungary and Poland, have experienced significant growth in average hourly wages (€12.8 and €11.9 respectively) between 2023 and 2024.
