Economy: South Africa At Top Of wealth List For Africa, Ethiopia At Very Bottom January 8, 2014
Posted by OromianEconomist in Africa, Aid to Africa, Colonizing Structure, Corruption, Development, Dictatorship, Domestic Workers, Economics, Economics: Development Theory and Policy applications, Knowledge and the Colonizing Structure., Oromummaa, Self determination, The Colonizing Structure & The Development Problems of Oromia, Tyranny, Uncategorized, Warlords.Tags: Africa, African Studies, Developing country, Development, Development and Change, Economic, Economic and Social Freedom, Economic development, Economic growth, economics, Ethiopia, Genocide, Genocide against the Oromo, Governance issues, Horn of Africa, Human rights, National Self Determination, Oromia, Oromo, Oromo people, Oromummaa, Social Sciences, South Africa, Sub-Saharan Africa, Tanzania, Uganda, Universal Declaration of Human Rights
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Ethiopian is among the poorest in Africa, while South Africa tops the continent’s list of wealth per capita, a new survey released on Tuesday showed.
South Africa’s wealth per person last year was $11,310, according to research by consultancy New World Wealth, which has offices in the UK and South Africa. South Africa’s wealth per person grew 169% from $4,200 in 2000. Ethiopia’s wealth per capita last year stood at $260.
This was very far lower than that of Zimbabwe ($570), Tanzania ($450), Mozambique ($430) and Uganda ($360).
Wealth per capita is a measure of the net assets held by individuals including real estate, shares, business interests and intangibles, while excluding primary residences, according to the research released on Tuesday.
Libya ($11,040 wealth per capita), Tunisia ($8,400), Algeria ($6,250), Morocco ($5,780) and Egypt ($4,350) rank high on the list. Namibia, with per capita wealth of $10,500, and Botswana at $6,580 were among the top-ranked countries in Africa last year. This was, however, well below the global average of $27,600 and a fraction of that of the top-ranked countries such as Switzerland and Australia with wealth per capita of more than $250,000. When it comes to fastest-growing countries by economic growth per capita from 2000 to 2012, Angola tops the continental list, followed by Ghana and Zambia.
http://www.bdlive.co.za/economy/2014/01/08/sa-at-top-of-wealth-list-for-africa-zimbabwe-near-bottom
http://issuu.com/world.bank.publications/docs/9780821396162
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