10 African countries with the smallest labor force
10 African countries with the smallest labor force ©provided by Business Insider Africa
Large labor forces are closely associated with increased productivity and production in all economic sectors. In African nations, industries such as manufacturing, services, and agriculture contribute significantly to GDP due to their large labor force, which is needed for production, distribution, and innovation. This is why a small labor force can be detrimental to economies across Africa.
・Business Insider Africa presents 10 African countries with the smallest labor force.
・This list is courtesy of Global Fire Power.
・Gabon ranks number one on the list.
In Africa, socioeconomic disparities and development concerns persist, and addressing big problems like poverty, inequality, and unemployment may be greatly aided by a sizable labor force.
Without a large labor force, some of these problems could become very glaring, creating complications in any given African market.
The workforce’s potential through education, skill development, and employment opportunities, seems to be an advantage for Africa in a continent that boasts the world’s youngest population. The labor force has a great deal of potential to enable people to lift themselves out of poverty, improve their quality of life, and contribute to national development goals.
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Furthermore, a strong labor force boosts African countries’ global competitiveness by giving them a competitive edge in labor-intensive sectors, a trained workforce, and inventive skills.
African countries with a big and skilled labor population are better positioned to attract foreign investment, increase export markets, and participate in global value chains, resulting in economic development and greater integration into the global economy.
While Africa primarily has an enviable human capital, there exist some countries that don’t fit the bill due to the sheer lack of a sizable population in the country.
Here are 10 of these countries according to Global Firepower, regions with the smallest labor force in Africa.