Wednesday, May 23, 2012

Some of Africa is Growing Fast

Look at:

  • Angola with a reasonably high per capita GDP and a very high growth rate.
  • Morocco, Congo and Egypt with some $3000 per capita GDP and 5 percent growth rates.
  • Nigeria, Sudan, and Ghana with quite a large population among them and growth rates in the 6 to 7 percent range.
We worry about the countries grouped in the low income low growth corner of the graph, but that is not the whole story of Africa.

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