Countries Dependent on Commodities Hit 20-Year High

0
471
Countries Dependent on Commodities Hit 20-Year High
Countries Dependent on Commodities Hit 20-Year High

The number of countries that depend on commodities has reached its highest level in 20 years, says a new UNCTAD report.

UNCTAD defines a country as dependent on commodities when these account for more than 60% of its total merchandise exports in value terms. The State of Commodity Dependence Report 2019 published today shows commodity-dependent countries increased from 92 between 1998 and 2002 to 102 between 2013 and 2017.

More than half of the world’s countries (102 out of 189) and two thirds of developing countries are dependent on commodities, the report indicates. Sub-Saharan is Africa hardest-hit, as 89% of countries there depend on commodities. It is followed by the Middle East and North Africa, where 65% of countries depend on commodities.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



Photo Source