The African Economies and Agricultural Value-Added – Contribution to GDP. Top Economies of 20 Countries in Africa 2012

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Jun 28, 2012
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No. 7(56) (2012)
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Hemmali Nagmy
Faculty of Economics and Management, Slovak Agricultural University in Nitre
Patrik Rovny
Department of Marketing, Faculty of Economics and Management, Slovak Agricultural University in Nitre
https://orcid.org/0000-0001-9515-240X
Lucia Vilhanová
Department of Marketing, Faculty of Economics and Management, Slovak Agricultural University in Nitre

DOI: https://doi.org/10.22630/PEFIM.2012.7.56.7
Abstract
For national income accounting, policy decision-makers need information about state “country economy” of national economy. In this paper the economic fundamentals of African selected countries are explained in order to place these countries’ economies in perspective before continuing to examine the GDP settings of the countries in order to similarly place their agricultural sectors in perspective. Secondary economic data is sourced from different informal bodies as United Nations World Development Indicators, the Food and Agricultural Organization (FAO) and the Central Intelligence Agency (CIA) websites, with the most consistent recently available data used. Some examples on GDP are given, GDP is a crucial measure of the size and health of an economy and the economic measurements are defined. The difference between GDP and GNP as well as GDP components are explained. Differences between microeconomics and macroeconomics are also illustrated.

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How to Cite
Nagmy, H., Rovny, P., & Vilhanová, L. (2012). The African Economies and Agricultural Value-Added – Contribution to GDP. Top Economies of 20 Countries in Africa 2012. The Scientific Journal European Policies, Finance and Marketing, (7(56), 62–72. https://doi.org/10.22630/PEFIM.2012.7.56.7
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