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Thought for the day
Africa’s Data Quality Problem
Last updated: 5 April 2024
African GDP and Population data are both of very poor quality. Governance is also rated as being very poor, with many autocratic rulers interfering with economic data quality. Only 4% of African countries are rated as having A or B grade GDP data. The same percentage applies for Population data. Only 11% are rated as having A or B grade Governance. And eight of the top ten largest (by GDP) sub-Saharan countries are rated as having D or E grade data. In these circumstances World Economics believes pan-African GDP or Population size, or measures such as GDP per Capita or Debt per Capita that dependent on either GDP or Population data, should be treated with circumspection.
GDP Data Quality Ratings
Grade: A = as good as it gets -> E: extremely poor quality
Source: World Economics
In comparison 90% of European countries produce good quality GDP data while Asia and the Americas report 40% and 37% respectively.
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More perspectives using World Economics data
Which European Countries are Likely to Suffer First from Global Warming?
Climate change is likely to cause many different problems ranging from rising sea levels to more erratic and severe weather patterns. While impossible to be sure of the precise impact of global warming, it is reasonable to suppose that those countries with the highest average temperatures today will be first in line to suffer serious problems. The United Nations Climate Action Fast Facts documenta...
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Without US Involvement, NATO’s GDP Still Dwarfs Russia’s
It is said that God always favours the big battalions in war, meaning that whoever has the greatest resources is likely - sooner or later - to triumph. If this is the case, NATO (less the USA) should have no difficulty in pushing Russia out of Ukraine, should it ever get round to offering full blooded support, as the combined GDP of NATO affiliated states (less the USA) is almost 5 times the GDP of Ru...
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What Percent of Your Portfolio Should be Asian? Which Asian countries can be regarded as reasonably safe havens for investors?
As noted in our reviews of Asian Governance and GDP Data Quality , Asian GDP is bigger than that of Europe, the Americas and Africa combined. Asia accounts for well over half of global GDP. And Asian GDP growth has accounted for almost 70% of global growth over the past decade. So, one might assume Asia should comprise over half of a global investment portfolio, by value... This Thought, (the thi...
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