2.11 AFRICA

2020-06-14
Africa’s economy gradually recovered in 2019, and the GDP growth rate accelerated to 3.5 from 2.8% in 2018. The middle class constitutes the majority of the air conditioner consumers. Most of the middle class in Africa live in North African countries and South Africa. Nigeria and South Africa contribute nearly half of Africa’s GDP. The proportion of the middle-class population in North African countries is relatively large, while in East Africa, less than a quarter of the population is in the middle class category.
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