ShootSpeeders
Gold Member
- May 13, 2012
- 20,232
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- Banned
- #61
Africa is expected to host more than half of the world’s top 10 fastest growing economies of 2012 (Sierra Leone, Angola, Liberia, Cote d’Ivoire, Ghana, and Mozambique) according to the IMF. In fact, 10 of the African Union’s 54 states have a GDP per capita higher than China. Today, Africa’s collective GDP, at US$1.6 trillion, is equal to Brazil. Renaissance Capital, the investment bank, projects economic output could reach US$3.3 trillion by 2016, if the region as a whole grows by 10 per cent per annum. Citibank’s projections show that Africa’s share of the world’s output will rise from 4 per cent in 2010 to 7 per cent by 2030 and 12 per cent in 2050.
Fast growing economy is not the same as advanced economy. You say africa's GDP is $1.6 trillion . With a billion people that comes out to $,1600 per capita compared to america and yurp at $45,000!!! They are hopelessly behind.
Rhodesia used to be first world and still would be if whites were in power. But they renamed themselves zimbabwe and terrorized the whites into leaving and now their per capita GDP is $700.
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