- Source: Economy of East Africa
The Economy of East Africa is characterized by diverse sectors, with agriculture playing a pivotal role, employing the majority of the population and contributing significantly to GDP. Key crops include coffee, tea, and horticultural products. East Africa is the fastest growing region in Africa. The region has also seen rapid growth in tourism with Tanzania and Kenya pioneering tourism due to safari parks. Nairobi and Addis Ababa are the main financial hubs in East Africa. Ethiopia and Kenya account for 55% of East Africa's GDP. East Africa accounts for 18% of Africa's GDP.
GDP PPP
= GDP Purchasing Power Parity
=Ethiopia and Kenya boast the highest GDP PPP in East Africa and boasts 46% of East African economy.
Gross domestic product
Ethiopia and Kenya boasts the highest GDP in East Africa while the Seychelles and Mauritius has the highest GDP per capita. The total combined GDP of East Africa is $603 billion.
Real GDP growth
East Africa is the fastest growing region in Africa. Rwanda, Ethiopia, Djibouti boast some of the fastest economic growth in the region.
Per Capita PPP
GDP per Capita
Seychelles and Mauritius are the richest countries in East Africa by per capita, followed by Djibouti and Kenya respectively. Burundi and South Sudan are the poorest in East Africa and in the world also. Only 6 of the 14 countries have a GDP per Capita less than $1,000.
Government Debt
Nearly all East African countries have government debt to GDP percentage of more than 50%. Sudan has the highest (344%), 4 times larger than the following second country. This is due to the ongoing civil war.
Current Account Balance
Djibouti and South Sudan have the highest account balance, while Kenya and Ethiopia have the least account balance.
Economic hubs of East Africa
East Africa is home to several key economic hubs that significantly contribute to the region's overall economic landscape. Below are five major economic centers in East Africa:
= Nairobi, Kenya
=Nairobi is the economic powerhouse of East Africa, serving as the region's primary financial center and hosting major corporations and banks. Its robust infrastructure and growing technology sector significantly contribute to economic activities and innovations across the region.
= Addis Ababa, Ethiopia
=Addis Ababa plays a vital role in East Africa's economy as a hub for trade and commerce. Its central location and development initiatives make it a key player in fostering economic integration and facilitating investments within the region.
= Dar es Salaam, Tanzania
=Dar es Salaam is crucial to East Africa's economy due to its status as the largest port city in Tanzania. It serves as a primary transit point for goods entering and leaving the region, supporting trade and boosting economic growth.
= Kampala, Uganda
=Kampala contributes to East Africa's economy through its vibrant market activities and diverse industries. Its growth in sectors like agriculture, manufacturing, and service industries enhances regional trade and investment opportunities.
= Mombasa, Kenya
=Mombasa is essential to East Africa's economic landscape as a major port city facilitating maritime trade. Its economy is driven by shipping, tourism, and agriculture, significantly impacting trade flows within the East African community. It has the largest port in East Africa.
Population
Inflation rate
Sudan has the worst inflation due to ongoing civil war, while South Sudan is due to decline in oil revenues due to factors such as currency depreciation. Although most countries in East Africa are recovering from inflation, Sudan and South Sudan are having hyperinflation.
Inter-country trade unions in East Africa
Common Market for Eastern and Southern Africa (COMESA) - COMESA is primarily an economic organization that facilitates cooperation among member states, including initiatives that address labor and trade issues.
East African Trade Union Confederation (EATUC) - EATUC represents trade unions from East African countries, advocating for workers' rights and promoting regional cooperation.
International Trade Union Confederation (ITUC) - ITUC is a global organization that includes many member unions from East Africa and addresses cross-border labor issues.
References
Kata Kunci Pencarian:
- Tanzania
- Hubungan Afrika dengan Tiongkok
- Indonesia
- Soekarno
- Pertanian berkelanjutan
- Apa Pant
- Kerajaan Ayutthaya
- Israel
- Perang Dunia II
- Giovanni Arrighi
- Economy of East Africa
- Economy of Africa
- Economy of the Middle East
- Economy of South Africa
- Economy of Kenya
- Economy of Tanzania
- Middle East and North Africa
- East Africa
- Demographics of the Middle East and North Africa
- Economy of East Asia
