Lagos State, located in the southwestern region of Nigeria, is one of the most prosperous and vibrant cities on the African continent. With a population of over 20 million people, Lagos is the economic hub of Nigeria and one of the most important economic centers in Africa. The state has a diverse economy that includes industries such as banking, manufacturing, transportation, and entertainment. In this article, we will take a look at five African countries that Lagos State is richer than by GDP.
1. Kenya
Kenya is one of the fastest-growing economies in Africa, but it still lags behind Lagos State in terms of GDP. According to the World Bank, Lagos State’s GDP was $131 billion in 2019, while Kenya’s was $99 billion. Despite Kenya’s growing economy, Lagos State has a more diverse and developed economy, with a thriving financial services industry and a large manufacturing sector.
2. Tanzania
Tanzania is one of the largest economies in East Africa, but its GDP is still lower than Lagos State’s. In 2019, Tanzania’s GDP was $62 billion, less than half of Lagos State’s GDP. While Tanzania has a relatively diversified economy that includes mining, agriculture, and tourism, Lagos State has a much larger and more developed economy that includes a range of industries.
3. Uganda
Uganda is another East African country that Lagos State is richer than by GDP. In 2019, Uganda’s GDP was $34 billion, while Lagos State’s GDP was $131 billion. Uganda’s economy is heavily dependent on agriculture, which accounts for over 70% of its workforce. In contrast, Lagos State has a more diversified economy that includes banking, manufacturing, and the entertainment industry.
4. Zambia
Zambia is one of the largest economies in Southern Africa, but it still lags behind Lagos State in terms of GDP. In 2019, Zambia’s GDP was $27 billion, less than a fifth of Lagos State’s GDP. Zambia’s economy is heavily reliant on copper mining, which accounts for over 80% of its exports. Lagos State, on the other hand, has a more diverse economy that includes a range of industries.
5. Ghana
Ghana is one of the most prosperous countries in West Africa, but its GDP is still lower than Lagos State’s. In 2019, Ghana’s GDP was $67 billion, less than half of Lagos State’s GDP. Ghana’s economy is heavily reliant on the agricultural sector, which accounts for over 50% of its workforce. Lagos State, on the other hand, has a more diversified economy that includes a range of industries such as banking, manufacturing, and entertainment....See More
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