Ethiopian Business Review

 In Africa, the number of internet users grew by 116 times since 2000. Currently, more people in Africa use the internet than in Latin America, North America, or the Middle East. At this moment, there are 525 million internet users in Africa, while 447 million people use internet in Latin America and the Caribbean. On the other hand, there are 328 million and 174 million internet users in North America in the Middle East, respectively.

Published in Statistics
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Africa’s Gross Domestic Product (GDP) constitutes four percent of the USD89 trillion global GDP in the past year, up from 2.1Pct in 2016. The GDP expansion is largely supported by the Sub-Saharan Africa growth, which the International monetary Fund (IMF) forecasted at 3.4Pct in 2019 and 3.6Pct for 2020. The GDP of sub-Saharan Africa reached USD2.371 trillion in 2018.

Published in Statistics
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Between 1997 and 2008, average non-tax revenue has been increasing in Africa largely driven by the global commodity price boom. Nevertheless, especially after 2012, non-tax revenue declined sharply due to dropping commodity prices. Despite this, the non-tax revenue collected by African countries reached a staggering USD133 billion in 2017, which is much higher than the USD100 billion the continent reportedly loses annually in the form of illicit financial flows.

Published in Statistics
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