Home News African Countries with the Lowest Unemployment Rates in 2024: A Look at the Top Performers
News

African Countries with the Lowest Unemployment Rates in 2024: A Look at the Top Performers

373

Amidst the challenge of unemployment in Africa, governments have implemented various initiatives to address the issue, but their impact remains limited due to the continent’s growing population. Last year, African leaders convened in Dar es Salaam and adopted a seven-point declaration to address the severity of the problem.

Unemployment affects countries of all sizes across the continent. South Africa, with an unemployment rate of 32.1%, leads the list, followed by Djibouti at about 28% and Eswatini at 25%.

Despite these challenges, some African countries have made significant strides in reducing unemployment. Economic reforms, increased investments in key sectors, and the emergence of new opportunities have contributed to this positive shift.

Countries with low unemployment rates experience several economic benefits. Increased employment leads to higher consumer spending, improved confidence, and greater demand for goods and services, resulting in economic growth.

According to Statista, Niger leads with the lowest unemployment rate at 0.49%, followed by Chad at 0.98% and Benin at 1.28%. Other countries with low unemployment rates include Madagascar, Côte d’Ivoire, Tanzania, Mali, Senegal, and Liberia.

Read more: “Anikulapo” Netflix Series Premieres in Lagos Ahead of March Release

About The Author

Related Articles

Interior Minister, Tunji-Ojo
News

FG Declares December 25, 26, and January 1 as Public Holidays

The Federal Government of Nigeria has announced public holidays on Wednesday, December...

Mali suspends TV5 Monde
News

Mali Government Gains Control Over Key Agricultural and Development Bank

Malian government has acquired majority stake of the National Agricultural Development Bank...

Enugu 2025 Budget
FinanceNews

2025 Budget: Enugu Govt. Plans to Spend ₦10 Billion on CCTV Cameras, ₦5 Billion on Vehicles

The Enugu State Government has planned to spend ₦10 billion in 2025...