Winkler: Where’s the Growth? Africa

A security detail with the East African Standby Brigade raise the flags of 13 East African Nations represented at the first ever EASBRIG Command Post Exercise during the events Flag Raising Ceremony on Nov. 24, 2008 Nairobi, Kenya. The East African Standby Brigade brings together 13 eastern African nations under the umbrella of the African Union. | Courtesy of US Army Africa/Flickr
Over the last decade, the GDP of the 11 largest countries in sub-Saharan Africa has increased at nearly four times the rate of the U.S. GDP. | Courtesy of US Army Africa/Flickr

Here’s a nice way to stump your companions: Ask them what part of the world has had the fastest economic growth over the last 10 years. And whose governments and countries have enjoyed the greatest investment returns among the world’s emerging markets.

Did anybody say sub-Saharan Africa? Buy her a drink!

During the past 10 years, the gross domestic product of the 11 largest sub-Saharan countries increased 51 percent, more than twice the world’s 23 percent and almost four times the 13 percent expansion of the U.S., the largest economy, according to data compiled by Bloomberg.

Read more from Bloomberg


Matthew Winkler | Courtesy of Matthew Winkler/Twitter

Matthew Winkler is the founding editor and editor-in-chief emeritus of Bloomberg News. He writes about markets.

You can follow Winkler on Twitter at @Matthew_Winkler or find his past work in his archive.

 


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