The Africa Country Benchmark Report (ACBR) of 2017, by Adams & Adams’ research and intelligence partner, In On Africa, evaluated the performance of all 54 African states across four distinct areas of focus, being business, economics, politics and society. Of particular interest to commercial stakeholders is the economic assessment, which is split into five complimentary economic-related ‘segments’ – employment, growth, inclusion, strength & diversity, and trade & investment.
Mauritius achieved top honours in this thorough economic evaluation of African countries, which drew data from 34 international indices and ranking systems. The results reinforce Mauritius’ position as a robust African commercial hub, with highly effective regulatory and trading structures. The success of the island nations was further emphasised by the inclusion of the Seychelles (4th) and Cape Verde (5th) in the top five results. Southern Africa’s top performers were Botswana (2nd) and South Africa (3rd).
The table below presents the results of the 20 best-performing countries on ACBR’s economic assessment. These results are based on data from indices such as the World Bank’s ‘Ease of Doing Business’ index, the WEF’s ‘Global Competitiveness Report’ and the Heritage Foundation’s ‘Index of Economic Freedom’.
The five segments of the economic evaluation are defined as follows:
- Employment – The capacity of the economic environment to provide chance for employment, including the ease with which someone can find a job and how efficiently the country can adopt new labour practices.
- Growth – The extent to which a country exhibits characteristics that encourage financial and infrastructural growth, including non-restrictive policies and initiatives that bolster entrepreneurship and market participation.
- Inclusion – A measure of a country’s ability to provide a level playing ground for all those who participate in market activities, including socio-economic barriers to entry.
- Strength & Diversity – The economic resilience of a nation, enhanced by the diversification of income and operations, and often reinforced by regulations and initiatives aimed at preventing collapse and encouraging core economic development.
- Trade & Investment – An indication of how well the country’s business sector interacts with global market participants, including their ability to invest internationally, and to be invested in by foreign interests.
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