Africa holds 17 percent of world population but only 3 percent of world GDP.
Evidence
In the approximately
150 trillion global market, the US accounts for about 22%, China 16%, followed by Japan with 6%. The EU counts for about 17%, with Germany counting for 5%, France about 4%, the UK about 4% and Belgium around 0.6%. Despite its vast mineral deposits the African continent, with 54 countries and about 1.3 billion people, has a combined GDP of about2.5 trillion. In other words, with about 17% of world population, Africa accounts for a mere 3% of the world economy, less than a single European country, such as France or the UK. — Frans Dokman, Beyond Bantu Philosophy_…, 745
Categorization
- SHARE: Africa’s economic underweighting relative to population is a striking stat for a specific person working on development/inequality.
- corroborated: 2 independent passages support this claim — Frans Dokman, Beyond Bantu Philosophy_…, 745