Where Data Tells the Story
© Voronoi 2025. All rights reserved.
For its size, Africa doesn’t have as much influence on the world stage.
The second-most populous continent only contributes 2% to the global economy. For context, the region’s entire economic output equals that of France (roughly $3T).
An MIT paper (linked in the source) identified many historical shocks to the economy, including the slave trade and colonization, as well as the lack of institution building, to explain part of the region’s struggles.