The economic value of agriculture, already the largest sector of the economy, at 22 percent of GDP, could more than double, from $112 billion a year in 2013 to $263 billion by 2030. Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6%. Nigeria has the potential to expand its economy by roughly 7.1 percent per year through 2030, raising GDP to more than $1.6 trillion in 2030 (Exhibit E2). Johannesburg, November 29, 2017 – Nigeria has pledged to restore 4 million hectares of degraded land by 2030 as part of the AFR100 Initiative and Bonn Challenge, ... (FLR) is a major priority for Nigeria. Click through to find out which countries will have the largest economies on the continent in 15 years time. The title of Africa's second largest economy will still belong to South Africa in 15 years time according to experts who predict GDP will reach $810.6 billion -- nearly double current figures. TURKEY. Consumer spending By 2030 it is expected to climb up to 19th place just ahead of the Netherlands. Projections say Libya's GDP will reach $128.2 billion in 2030, but the turmoil the country is currently experiencing following the fall of dictator Moammar Gadhafi may affect the calculations. This forecast would change in the event of a deteriorating global economy. Austria now enjoys the same ranking, the centre said. Oil-rich Angola is expected to have a GDP of nearly $226 billion in 2030 which would make it the fifth largest economy on the continent. Turkey will rise from the ninth to fifth-largest economy in 2030, with its overall GDP rising … The first African country with a GDP over $1 trillion in 2030 will be Nigeria, according to experts. Egypt - nominal GDP per capita US$ 3,019.72. In sixth place comes Morocco, with a projected GDP of $184 billion in 2030. Gross domestic product (GDP) is the market value of all final goods and services from a … ... access to information and communications technology for … Kenya's GDP will be $107.5 billion in 2030, according to the projections. The first African country with a GDP over $1 trillion in 2030 will be Nigeria, according to experts. The title of Africa's second largest economy will still belong to South Africa in 15 years time according to experts who predict GDP will reach $810.6 billion -- nearly double current figures. Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. November 7, 2020. Here is some good news for India, as a think tank on Saturday stated that India would become the fifth largest economy in the world by 2025 and race to the third spot by 2030. Experts predict GDP of $330.7 billion. Data from the U.S. Department of Agriculture says Ghana's GDP will be valued at $101.4 billion in 2030, making it the 10th largest African economy. From Good to Great. Six out of the top 15 cities in terms of per capita income will be South African in 2030. Africa’s Largest Economy Eyes $10B in Blockchain Revenue by 2030. This could move Nigeria from being the 26th-largest economy today to a top-20 economy by 2030 and would potentially make it bigger than the Netherlands, Thailand, or Malaysia. Kelvin. Around 60% of Algeria's workforce is employed in the public sector, and this country is expected to be the fourth largest economy in Africa in 2030. ALGERIA (GDP: $172.781 Billion) GDP: $172.781 Billion (nominal, 2019 est.) Kenya's GDP will be $107.5 billion in 2030, according to the projections. Sean Gallup/Getty Images. The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the ladder – and by 2030, it estimates that seven of the world’s largest 10 economies by GDP (PPP) will be located in emerging markets. The country boasts Africa’s largest economy, though is facing widespread deforestation driven by rapid urban development and population growth. Today, with an annual GDP of around $500 billion, Africa’s largest economy is 27th in the world. The first African country with a GDP over $1 trillion in 2030 will be Nigeria, according to experts. Far-off destinations like Rio are easier to fly to and get around with the … By the year 2030, it is projected that China will eclipse the United States and have the largest gross domestic product (GDP) in the world, at 31.7 trillion U.S. The economic hub of South Africa is expected to be the 18th largest consumer market for cars by 2030, representing a value of $12.7 billion. Oil-rich Angola is expected to have a GDP of nearly $226 billion in 2030 which would make it the fifth largest economy on the continent. Ethiopia is slated to be Africa's eighth largest economy in 2030 with a GDP of $122.3 billion. Data from the U.S. Department of Agriculture says Ghana's GDP will be valued at $101.4 billion in 2030, making it the 10th largest African economy. Around 60% of Algeria's workforce is employed in the public sector, and this country is expected to be the fourth largest economy in Africa in 2030. More on South Africa. largest economy by 2030 while India should jump to No.3 ECONOMICS GLOBAL September 2018 By: Janet Henry and James Pomeroy ... Demographically, Africa stands out, with its working-age population set to grow by more than 2.5% per year for the next decade, versus a fall of 0.5% per year in Europe, so that by 2030, Africa will have more people of working age than China. By 2030, the GDP at local currency at constant prices will stand at Tk 21,893 billion ($594 billion) and by 2035 at Tk 29,995 billion ($855 billion). The GDP per capita is calculated by dividing a country’s GDP by its population. The economic outlook for Sub-Saharan Africa (SSA) is positive, with growth rising to 5.3% in 2012, and 5.6% in 2013, over the pre-crisis average level of 5%. It has said Bangladesh's economic ranking in 2021 will be identical--- 41st out of 193 countries--- to that of 2020. Ethiopia – GDP: $80.9 Billion. The calculation says the country's economy will more than double in that time frame. Nigeria could potentially expect a revenue stream of between $6 billion to 10 billion in the next decade thanks to Blockchain technology according to a key government official. India to be third largest economy by 2030: Arun Jaitley Currently, the size of the Indian economy is about USD 2.9 trillion, he said while addressing students of the Shri Ram College of Commerce here. The calculation says the country's economy will more than double in that time frame. Mr Bananda Aliyu, Director, Drought and … After… Ethiopia is slated to be Africa's eighth largest economy in 2030 with a GDP of $122.3 billion. Bangladesh ranked 59th in 2010 and 48th in 2015. Experts predict GDP of $330.7 billion. The first African country with a GDP over $1 trillion in 2030 will be Nigeria, according to experts. Egypt is one of the African countries that pride itself … In sixth place comes Morocco, with a projected GDP of $184 billion in 2030. Infrastructure. Ethiopia is slated to be Africa's eighth largest economy in 2030 with a GDP of $122.3 billion. Africa is one of the fastest-growing consumer markets in the world. The GDP at current prices of Bangladesh will stand at $338 billion in 2021, $488 in 2025, $760 billion in 2030 and $1.2 trillion in 2035. According to the report, South Africa is Africa’s second-largest economy with a GDP of $349.3 billion. Brazil — $4.439 trillion. Projections say Libya's GDP will reach $128.2 billion in 2030, but the turmoil the country is currently experiencing following the fall of dictator Moammar Gadhafi may affect the calculations. The calculation says the country's economy will more than double in that time frame. Nigeria —. Egypt's sweeping reform program aimed at addressing the budget deficit will be part of the reason the country's GDP grows to $471.5 billion by 2030, experts say. The American economy has enjoyed the top position for years, coming to prominence at the turn of the 20 century. The first position, nonetheless, will be occupied by Libreville, the capital of Gabon, in central Africa. The … Bangladesh’s economy will be 28th largest in 2030 and 25th largest in 2035 , the UK's Centre for Economics and Business Research (CEBR) has made the projection in a recent report. … While the sheer size of the Chinese economy is certainly an exclamation point, perhaps the more interesting … With the highest GDP in 2030, Johannesburg will see a rise in rich households (475,000) earning more than $70,000 per year. Egypt's sweeping reform program aimed at addressing the budget deficit will be part of the reason the country's GDP grows to $471.5 billion by 2030, experts say. The calculation says the country's economy will more than double in that time frame. Egypt’s estimated total for 2017 is at $237 billion. Global Ranking: 53rd. If the projections used in the above video prove to be accurate, the largest economy in 2030 will be China with $64.2 trillion in GDP after adjusting for purchasing power parity (PPP).. That’s nearly $20 trillion more than India, which will be the second largest by that time. Click through to find out which countries will have the largest economies on the continent in 15 years time. Improvements on several fronts could help raise both the volume and the value of Nigeria’s agricultural production in the next 15 years. Ethiopia is one of the most influential African countries particularly in …
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