GDP

Nigeria's economy is continuing to grow, with fresh data from the National Bureau of Statistics showcasing a notable 3.84% year-on-year increase in real GDP terms in the fourth quarter of 2024. It's intriguing, isn't it? When considering economic growth, the numbers certainly speak volumes. Compared to the same period last year, there’s been a significant upward trajectory, makings it fascinating to question: what factors are fueling this economic dynamism? Let me walk you through these details. "Nigeria’s…

The health crisis hit South Africa's economy hard in 2020. According to the statistical agency StatSA, the country's GDP fell by 7% compared to 2019, its first recession in twelve years. The incarceration imposed at the end of March 2020 in South Africa to slow down the spread of Covid-19 was the most severe in the world.…