Initiatives emanating from the African Continental Free Trade Area (AfCFTA) agreement are expected to affect skilled labor wages in Africa. For instance, wages in North Africa are expected to increase by 0.93 percent in 2035 compared to 2020. This would be the highest impact on the continent, followed by Central and Eastern Africa with 0.71 percent and 0.67 percent, respectively.
According to the source, impacts on relative wages are usually due to changes in the makeup of output caused by policy reforms. In May 2019, the AfCFTA agreement officially entered into force after 22 African countries had ratified it. The agreement sought to boost inter-regional trade.
Effect of African Continental Free Trade Area (AfCFTA) implementations on skilled labor wages in Africa in 2035 compared to 2020, by region
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Growth rate
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World Bank. (July 27, 2020). Effect of African Continental Free Trade Area (AfCFTA) implementations on skilled labor wages in Africa in 2035 compared to 2020, by region [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1332572/effect-of-afcfta-on-skilled-labor-wages-in-africa-by-region/
World Bank. "Effect of African Continental Free Trade Area (AfCFTA) implementations on skilled labor wages in Africa in 2035 compared to 2020, by region." Chart. July 27, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1332572/effect-of-afcfta-on-skilled-labor-wages-in-africa-by-region/
World Bank. (2020). Effect of African Continental Free Trade Area (AfCFTA) implementations on skilled labor wages in Africa in 2035 compared to 2020, by region. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1332572/effect-of-afcfta-on-skilled-labor-wages-in-africa-by-region/
World Bank. "Effect of African Continental Free Trade Area (Afcfta) Implementations on Skilled Labor Wages in Africa in 2035 Compared to 2020, by Region." Statista, Statista Inc., 27 Jul 2020, https://www.statista.com/statistics/1332572/effect-of-afcfta-on-skilled-labor-wages-in-africa-by-region/
World Bank, Effect of African Continental Free Trade Area (AfCFTA) implementations on skilled labor wages in Africa in 2035 compared to 2020, by region Statista, https://www.statista.com/statistics/1332572/effect-of-afcfta-on-skilled-labor-wages-in-africa-by-region/ (last visited August 24, 2024)
Effect of African Continental Free Trade Area (AfCFTA) implementations on skilled labor wages in Africa in 2035 compared to 2020, by region [Graph], World Bank, July 27, 2020. [Online]. Available: https://www.statista.com/statistics/1332572/effect-of-afcfta-on-skilled-labor-wages-in-africa-by-region/