Labor income lost due to work hour losses in Africa 2020

Labor income lost due to working hour losses during the coronavirus (COVID-19) pandemic in Africa in the first three quarters of 2020 was projected to be 115 billion U.S dollars. Moreover, sub-Saharan Africa was estimated to lose 75 billion U.S. dollars, while for the northernmost region of the continent, the loss was at 40 billion U.S. dollars.

Labor income lost due to working hours lost in Africa during the coronavirus (COVID-19) pandemic from the 1st to the 3rd quarter of 2020 (in billion U.S. dollars), by sub-region

Characteristic	Labor income lost in billion U.S. dollars
Africa	115$
Northern Africa	40$
Sub-Saharan Africa	75$

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

September 2020

More information

Region

Africa

Survey time period

Q1 to Q3 2020

Special properties

Estimates as of September 23, 2020

Supplementary notes

The source estimated the values based on a model namely "nowcasting model".

Values were calculated taking employment levels of the fourth quarter of 2019 as the baseline.

Losses of labor income in billions are rounded up to the nearest 5 billion. Due to rounding some values for the sub-region may not add up to the corresponding region.

To demonstrate the magnitude of the predicted hours lost, the equivalent losses in full time jobs are introduced. They are calculated based on the assumption that decreases in working hours were borne entirely and comprehensively by a group of full-time workers, while the rest of the workers experienced no reduction in working hours.

Full-time equivalent (FTE) jobs data that is more than 50 million are rounded up to five million, while the values lower than the threshold are rounded to the closest million.

A benchmark of working hours before the pandemic was used to compute the FTEs of working hours percentage-drops.

Full-time jobs are considered as those with a workload of 48 hours per week.

According to the source, the figures should not be interpreted as number of jobs lost or actual increase in unemployment. The source also includes the following information: "Labor income losses in billion US dollars are rounded to the nearest 5 billion. The values for sub-regions may not quite add up to the total value for the corresponding region because of rounding".

Citation formats