5 Fastest Growing Economies in Africa

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1. Libya

GDP growth in 2021 according to World Bank: 31.37%

The economic recovery of Libya is gaining traction thanks to a significant rise in oil production in 2021. After a crippling contraction of 23.93% in 2020 due to a number of shocks, including political unrest, a drop in oil prices, and the rapid spread of COVID-19, the GDP of Libya has increased by a staggering 31.37% in 2021.

You can also take a peek at Oil to $125: 10 Most Shorted Oil Stocks and Biggest Gold Mining Companies in the World.

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