Agriculture is one of the most important drivers of growth in the Ivorian economy in terms of revenues, employment and value-added activities. Contributing 22% to GDP, the sector accounts for at least 50% of exports and provides jobs to 60-70% of the population, according to the World Bank. Fertile land and favourable weather conditions enabled the country to become one of the most successful...
Africa Agriculture
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Chapter | Agriculture from The Report: Cote d'Ivoire 2015
A heavyweight within the West African Economic and Monetary Union, accounting for 35% of the eight-member region’s GDP, Côte d’Ivoire’s growth is a bellwether for Francophone West Africa. An ambitious government spending programme and a range of pro-business reforms are set to boost economic activity going forward.
Chapter | Agriculture from The Report: Algeria 2014
Although agriculture’s contribution to GDP had dipped slightly from 10% in 2012, domestic output is on the rise. The Ministry of Agriculture and Rural Development estimates that the value of agricultural production increased five-fold over the last 15 years, from €4.65bn in 2001 to €23.81bn in 2013. The government has made it a priority to boost domestic production to reduce its ever-rising...
In many ways, Algeria finds itself in an enviable economic position, particularly when compared with its regional neighbours. It holds the fourth-largest oil reserves and the second-largest natural gas reserves in Africa. Ample hydrocarbons revenue has allowed the government to channel capital into public expenditure programmes on infrastructure, health care, education, social housing and subsidies.
Chapter | Agriculture from The Report: South Africa 2014
Despite a decline in agricultural production as a percentage of GDP in the past decade, agriculture remains a key component of South Africa’s economy and one of the country’s largest employers. In 2013 the sector as a whole contributed $5.48bn to GDP, on the back of primary annual agricultural production of $17.78bn. Agricultural production by volume rose by 2.7% in 2013. This can be...
In April 2014 South Africans celebrated the 20th anniversary of both the end of apartheid and the creation of the modern Republic of South Africa. These two events highlight just how far South Africa has come in the past two decades, during which the nation’s numerous assets have contributed to its rise as one of Africa’s leading economic and diplomatic players.