The continent of Africa is characterized by varying levels of development and geopolitical influence. Some countries have made great strides towards prosperity. Throughout history, high labor productivity has been a key driver behind the economic prosperity of many countries.
Africa, with its large and growing human resource base, represents a unique case in the global productivity landscape. The continent boasts a young and dynamic labor force with enormous potential.
According to the International Labor Organization (ILO), labor productivity is the total volume of output (measured by GDP, Gross Domestic Product) produced per unit of labor (measured by the number of people employed or hours worked) during a given reference time period.
Increased productivity allows firms to produce more goods and services with the same amount of labor, leading to higher profits, investments in new technologies, and higher wages for workers. Economies with high labor productivity can provide better social services, infrastructure, and living conditions for their populations.
Many African countries, however, suffer from low labor productivity compared to other developed economies. Poor infrastructure, economic mismanagement, and poor education and skills development are some of the main reasons for this.
Rank | Country | GDP per hour worked $ |
---|---|---|
1 | Libya | 30$ |
2 | Gabon | 26$ |
3 | Mauritius | 26$ |
4 | Botswana | 21$ |
5 | South Africa | 21$ |
6 | Egypt | 20$ |
7 | Equatorial Guinea | 20$ |
8 | Djibouti | 20$ |
9 | Algeria | 19$ |
10 | Tunisia | 16$ |
In Africa, Libya ranks first in terms of productivity with a GDP per hour worked of US$30 according to Ilostat data. Gabon and Mauritius follow closely behind with US$26.
Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016.…
Family members struggling after one week after of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness…
The United Arab Emirates has launched its orphanage project in Ethiopia's Oromia region on the orders of President Sheikh Mohamed…
In just four months, 100 women have been killed, the majority by males they knew including spouses. Prime Cabinet Secretary…
The Ghanaian entertainment industry is in deep mourning following the sudden death of Bright Owusu, better known as C Confion.…
Since the beginning of December more than five hundred people have lost their lives on the nation's highways. Barbara Creecy,…
This website uses cookies.