7 Largest Economies In East Africa 2024
Вставка
- Опубліковано 13 лип 2024
- Ethiopia, Kenya, Tanzania, Uganda, Rwanda, DRC, and Burundi Top the List of the strongest Economies in the East African Region.
In today's, Video we explore the vibrant economic landscape of the East African Region where a dynamic Interplay of factors has propelled some countries to the forefront of economic prowess in terms of GDP. These figures have been obtained from a report released by the International Monetary Fund. Without further ado, let's look at the 7 strongest economies in the East African Region.
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Time stamps
00:00 - Intro
1:20 - Burundi
2:17 - Rwanda
3:12 - Uganda
4:09 - DR. Congo
5:20 - Tanzania
6:26 - Kenya
7:28 - Ethiopia
Wrong information...... in 2024 GDP of Ethiopia 🇪🇹 is $205 billion.💪💪💪.... Kenya's GDP is $104 billion..so naw Ethiopia's🇪🇹 economy is double of that of kenyan economy
You're right!.
The actual Gdp is actually lower The lmf base the Gdp depending on local currency rate against the dollar The bir is over valued the actual value is half reported value vs the dollar which mean the actual Gdp of Ethiopia is half of the reported . In the black market Bir is half the OFFICIAL You can double the Gdp in one year without actual production value There are talks to devalue the Bir. ETHIOPIA DEFAULTED ON DEBT REPAYMENT OBLIGATION.
@@pinchesmbuche4354 are you saying IMF is laying 🤣🤣🤣🤣🤣.... do you even go to school.... Ethiopian 🇪🇹 economy has skyrocketed to $205 billion.... kenyan economy shrink to $104 billion...Ethiopia 🇪🇹 is naw the new economic King of Africa
That's true
@@pinchesmbuche4354why don't you say the truth that kenya fakes its GDP and population
Keep going your doing a good job
That's absolutely truth no doubting
Please use the reliable source of information before bring to us ur information is wrong by 2024 Kenya has 104 bn and Ethiopia 205 bn bro sorry I am going to unsubscribe you because it's not only for the first time ( wrong information ) if you can correct it 👎
This information is 2022 infomations
I will un subscribe you are false informer Ethiopia GDP 205B
Tanzania 's GDP is 85 Billion dollars according to imf 2024.
86 bil
Joachim ❤🇷🇼💪🏻💪🏻💪🏻🇧🇮
Timely update necessary!
HI the owner of African Informant; -
We thank you for giving us the facts of East Africa economy based on IMF 2022 not based on your own opinion survey. It is a fact that Ethiopia's economy was $118.9 billion according to the IMF in 2022 but the current situation Ethiopia's economy is $205 billion according to the IMF in 2024. According to the IMF 2024, Ethiopia's economy is still one of Africa's top economy with 205 billion dollar not only East Africa's top economy.
I have read a person who criticizes the IMF because the IMF compares the countries with bank valuta instead of black-market. He criticizes the IMF that the IMF must compare Ethiopia's economy with black-market and Kenya economy with bank valuta kkk. There are no such comparisons in the world. How can you compare the countries with black market? Black market is illegal and bank currency is legal and standard. I think his opinion is joking. One country cannot raise or lower their money likes black market. Each country has its own banking standards that are known globally.
Ethiopia's money is stronger than east African countries, for example one dollar is about 57 birr in Ethiopia compared to other countries such as Kenya's money. In Kenya, one dollar is more than 125 shillings, while in other countries in East Africa, one dollar is between 3000 and 5000 shillings.
Bir is over valued the black market is going half the value most economist believe the same too ...there is pressure to devalue it even from lmf
@@pinchesmbuche4354 All black market is over bank currency in the world including in Kenya. There is no country in the world that has the same black market and bank currency. If black market and bank currency the same in a country, it means black market disappears. It is impossibility to make illegal black market and bank currency same in the world and therefore diaspora send money to their relatives illegally with black market.
The IMF wants to devalue when a country wants to borrow money from the IMF. Many African countries devalue their money to borrow money from the IMF. Those countries that devalued money became poorer and poorer and one dollar became about 5000 shillings. The IMF indirectly colonizes those Africa countries that they cannot develop in their own way.
Ethiopia have not been under collony and do not accept that type of loan and therefore Ethiopia's economy develops and becomes stronger all the time compared to other Africa countries that borrow money from the IMF in this way.
If you see Ethiopia's economy was one of the poorest country in Africa 35 years ago like south koria 50 years ago but now Ethiopia's economy is one of the largest economy in Africa with 205 billion dollars. One can predict that Ethiopia can become one of the attractive countries in the world with in 3-5 years not only in Africa.
You can see on UA-cam the construction in Addis Ababa and other cities in Ethiopia. Those constructions are due to high economy development in all areas of Ethiopia including Addis Ababa. The development is due to Ethiopia economy rise from time to time. It's a fact even if you deny it. Watch on UA-cam those cities including Addis Ababa and judge whether Ethiopia's economy is strong rather than speculate with out watching on youtube or other sources like IMF and world bank.
Wow. I just realized that there are three corporations in India (Tata group, Reliance Industries and Adani Group) that have more market value than entire GDP of any single East African nation. And this is despite the Americans orchestrating an attack to crash stocks of Adani Group.
And many other Indian corporations like HDFC, ICICI, Airtel, Larsen & Toubro, Bajaj Group, Mahindra Group, Aditya Birla Group, etc would have been in the top 5 of this list. Crazy to think we already have corporations as powerful as entire nations.
The largest corporations in the world are Microsoft and Apple. And each one of those have a market value almost reaching entire India's GDP (which itself is the world's 5th largest GDP). Or a bit more than entire Africa's GDP. Totally nuts that the same world has corporations more powerful than an entire continent.
Don't forget that India is more populated than the entire Africa. The bigger population enables those corporations in india to enjoy larger market share
@@iskiji1240 My comment is about corporations that are as powerful as nations. It is something the whole world needs to introspect about. Read the last paragraph. USA has two corporations that almost have as much market cap as India's GDP. Even though USA only has a fraction of the population of India.
And all this is happening before we Humans start a deep space economy centered around exploitation of resources in the rest of the Solar System. Once that starts in a couple of decades, it will create corporations that are an order of magnitude more powerful than the most powerful corporations of today. See the problem?
TANZANIA is Best❤❤❤❤❤❤❤❤❤
Good, but update your information!
Joachim❤🇷🇼🇷🇼🇷🇼🇷🇼🇷🇼🇷🇼🇷🇼🇷🇼🇷🇼
🇪🇹 ETHIOPIA GDP IS 205 .1BN
Kenya Gdp stand at 104bill
Please be responsible for your information! The information you provided is based on 2022/2023 not 2024.
See the IMF 2024 April report
Tanzania GDP is 86$, kenya 104$ and Ethiopia 205$. Stop telling lies
Who estimated GDP? Tanzania is more developed now in agriculture, infrastructure, education, health,
Nooo uganda gdp is 58 billion dollars from imf and afdb 2024 report
🇪🇹 205 billion
This guys is always a lier most of his videos come with poor research
no uganda top 2 you guys
Stop being bias
South sudani is not located East Africa ?
Poor research Tanzania GDP was under estimated (gdp more $100b)
😅😅😅😅