This piece of information may not appear very important, but, if the implication of statistics from such a research is broken down, only then, will the full import of the effects become apparent on our everyday lives.
Recent statistics, according to Infinite Potential Consulting (IPC), from the United Nations World Economic Situation and Prospects 2015 (WESP) report, has revealed that Sierra Leone and Gambia (among others) lead the world in real gross domestic product growth (GDP).
Out of the top 20 countries by annual growth rate of real GDP in 2014, 13 are from Sub-Saharan Africa (SSA), with Sierra Leone featuring 10.4% and Zambia at 8.3% –leading the world. Additionally, projections, according to the report, betray similar trends as 12 countries from SSA are poised to be in the top 20 echelon.
Statistics as revealed on IPC’s website: “At the regional level, SSA (5.4%) was the second fastest growing major world region by real GDP, second only to East and South Asia’s 6.1% and quadruple Europe’s 1.4%”.
This is a very insightful revelation, with the right economic policies, fiscal discipline and continued political stability (Page 112, Paragraph 3), Nigeria may also achieve such status. This, hopefully, will translate to better purchasing power for the citizens among other incentives for the economy generally.
Photo Credit: LendingMemo via Compfight cc