5 Fastest Growing Economies in Africa

In this article, we discuss 5 fastest growing economies in Africa. If you want to see more of the fastest growing economies in Africa, go directly to the 12 Fastest Growing Economies in Africa.

If you are interested in the US markets, you can check out one Wall Street analyst’s best stock pick ahead of a massive and surprising new transition that’s about to hit the US economy.

5. Eswatini

GDP growth in 2021 according to World Bank: 7.43%

Eswatini is in Southern Africa that shares its border with both South Africa and Mozambique. Because of its strong economic links to South Africa, Eswatini depends on that country for around 85% of its imports and 60% of its exports. Eswatini’s economy saw a robust recovery in 2021, with real GDP growth predicted to have increased to 7.4% from a 1.9% decline in 2020. Lockdown restrictions were relaxed in 2021, which aided export-oriented industries and a strong rebound in foreign demand in major export markets.