Frost Radar™ for Economic Development: Africa, 2021

Frost Radar™ for Economic Development: Africa, 2021

  • October 2021 •
  • 29 pages •
  • Report ID: 6186258 •
  • Format: PDF
The radar™ for Economic Development determines a region’s future growth and development potential measured by its ability to enhance quality of life (QOL) for its citizens.This report explores Africa’s key strengths and weaknesses through country-level assessments of growth and innovation initiatives and then benchmarks each country on these 2 indices.

Buoyed by strong growth in agriculture, commodity prices, and a partial rebound in tourism amid prevalent risks to growth, the African economy is on the road to recovery from the pandemic in 2021. The radar™ for Economic Development: Africa, 2021, diagnoses the significant challenges to the region’s growth environment, including protracted vaccine shortages, weak fiscal health, and high commodity dependence among others.

By measuring performance against the major sub-pillars of the Innovation in Education, Healthcare, Environment, Infrastructure, Human Rights, and Security, the radar™ offers broad-based insights into the regional economic pulse and identifies key drivers underpinning the growth momentum in the region, such as the Africa Continental Free Trade Area.In this research, Frost & Sullivan indexes the top 10 economies in the African region, South and West Africa, and sub-Saharan Africa to determine what makes them the regional leaders.

The radar™ is intended to empower governments, policy makers, investors, and businesses to identify strategic imperatives for future growth.