Assertion Supported AI assessment confidence: 90% certainty 4/5 debate potential 2/5

Smith: Africa consistently accounts for half of the world's fastest-growing economies

Colin Smith · Colin Smith and Farouk Miah - Empty Rooms: Investing in Africa (Capital Allocators, EP. 279) · Nov 7, 2022 · at 22:44

Colin Smith, partner at All Africa Partners, discusses macroeconomic growth drivers across African markets with host Ted Seides.

0:00 / 0:10exact quote · 10.6s

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“If you look at the top 10 or top 20 fastest growing economies in the world, Africa always makes up Half of those, and has done for many years, and is expected to continue to do so.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

African countries consistently account for half of the world's top 10 or top 20 fastest-growing economies.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Historical data from the International Monetary Fund (IMF) and the World Bank for the years preceding 2022 confirm that African economies consistently represented 50% to 60% (at least half) of the world's top 10 or top 20 fastest-growing national economies by real GDP growth. Specifically, between 2001 and 2010, 6 of the world's 10 fastest-growing economies were in Sub-Saharan Africa; in 2018, 6 of the top 10 were African nations; in 2019, African nations comprised 10 to 12 of the top 20; and in 2020, 5 to 6 of the top 10 were African economies. Multilateral analyses from the African Development Bank and the Brookings Institution corroborating multi-year trends substantiate the claim.

IMF multi-year datasets showed 6 of the world's 10 fastest-growing economies between 2001 and 2010 were in Sub-Saharan Africa.
World Bank and Brookings Institution 2018 data showed 6 of the top 10 fastest-growing economies globally were African nations (Ghana, Ethiopia, Côte d'Ivoire, Djibouti, Senegal, and Tanzania).
IMF and World Bank datasets for 2019 showed African nations comprised 10 to 12 of the top 20 fastest-growing economies globally.
African Development Bank reports consistently documented Africa accounting for 10 to 12 of the world's 20 fastest-growing economies across regular multi-year projection and performance cycles.

Checked against

[1] thecairoreview.com [2] qz.com [3] brookings.edu [4] developmentreimagined.com [5] greenpolicyplatform.org [6] afdb.org [7] statranker.org [8] punchng.com

fastest growing economies World Bank annual real GDP growth rankings Africa fastest growing economies IMF World Bank Africa top 10 top 20 2010 2019 2021 "fastest growing economies" 2018 "World Bank" OR "IMF" African "fastest-growing economies in the world" 2015 OR 2016 OR 2017 OR 2018 OR 2019 Africa "half of the world's" "fastest growing economies" Africa IMF World Bank "fastest growing economies" "top 20" Africa IMF World Bank 2015..2021 African Development Bank Africa fastest growing economies top 10 2018 2019 2020 2021 "fastest-growing economies" 2019 "World Bank" OR "IMF" African "fastest growing economies" "top 10" 2017 2018 2019 African

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Africa fastest growing economies

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Disclosure

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Assertion Not checkable as stated

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Assertion Not checkable as stated

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Smith: Africa consistently accounts for half of the world's fastest-growing economies

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