• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

10 largest economies in Africa and their inflation rates

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
70
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

10 largest economies in Africa and their inflation rates

One of the significant contributors to inflation in many African countries is the volatility of commodity prices, particularly those of essential goods such as food and fuel.

For instance, agricultural-dependent economies are susceptible to climate conditions and global market prices. Similarly, nations relying heavily on oil exports often face inflationary pressures when international oil prices surge.

So, it’s not just about what’s happening inside a country; it’s also about the twists and turns of the global market that keep inflation knocking on the door.

The depreciation of local currencies against major international currencies like the dollar has also exacerbated inflation in many African economies, regardless of their economic size.

Turns out, having large economies doesn’t necessarily translate to lower inflation rates, and vice versa. So, when it comes to inflation in Africa, it’s a wild ride influenced by a mix of these factors, and it’s anything but a straightforward equation.

Below are the 10 largest economies in Africa and their inflation rates:

RankCountryGDPInflation
1Nigeria$477 Billion28.2%
2Egypt$477 Billion34.6%
3South Africa$406 Billion5.5%
4Algeria$192 Billion8.2%
5Morocco$134 Billion4.3%
6Ethiopia$127 Billion28.3%
7Kenya$113 Billion6.8%
8Angola$107 Billion18.19%
9Tanzania$75.71 Billion3.2%
10Ghana$72.84 Billion26.4%
Continue Reading
Source: businessinsiderafrica
Via: norvanreports
Tags: 10 largest economies in Africa and their inflation rates

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.