Initiatives emanating from the African Continental Free Trade Area (AfCFTA) agreement are expected to affect unskilled labor wages in Africa. For instance, unskilled labor wages in East Africa are expected to increase by 0.83 percent in 2035, compared to 2020. This would be the highest impact on the continent, followed by Central and Southern Africa with 0.78 percent and 0.63 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 unskilled labor wages in Africa in 2035 compared to 2020, by region
Characteristic
Growth rate
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
World Bank. (July 27, 2020). Effect of African Continental Free Trade Area (AfCFTA) implementations on unskilled labor wages in Africa in 2035 compared to 2020, by region [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1332605/effect-of-afcfta-on-unskilled-labor-wages-in-africa-by-region/
World Bank. "Effect of African Continental Free Trade Area (AfCFTA) implementations on unskilled 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/1332605/effect-of-afcfta-on-unskilled-labor-wages-in-africa-by-region/
World Bank. (2020). Effect of African Continental Free Trade Area (AfCFTA) implementations on unskilled labor wages in Africa in 2035 compared to 2020, by region. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1332605/effect-of-afcfta-on-unskilled-labor-wages-in-africa-by-region/
World Bank. "Effect of African Continental Free Trade Area (Afcfta) Implementations on Unskilled Labor Wages in Africa in 2035 Compared to 2020, by Region." Statista, Statista Inc., 27 Jul 2020, https://www.statista.com/statistics/1332605/effect-of-afcfta-on-unskilled-labor-wages-in-africa-by-region/
World Bank, Effect of African Continental Free Trade Area (AfCFTA) implementations on unskilled labor wages in Africa in 2035 compared to 2020, by region Statista, https://www.statista.com/statistics/1332605/effect-of-afcfta-on-unskilled-labor-wages-in-africa-by-region/ (last visited August 24, 2024)
Effect of African Continental Free Trade Area (AfCFTA) implementations on unskilled labor wages in Africa in 2035 compared to 2020, by region [Graph], World Bank, July 27, 2020. [Online]. Available: https://www.statista.com/statistics/1332605/effect-of-afcfta-on-unskilled-labor-wages-in-africa-by-region/