What a fun idea! I might join you with it once I've got to grips with what my monthly income from crypto actually is. 😂
It's a bit of a telling picture isn't it when you look at Africa? I was surprised to see that Libya was blue along with South Africa. I wonder why that is?
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South Africa is much more developed than other African countries so we have a need for more imports and that demand sees a higher need for capital! Also we have a pretty awful monetary policy and aLot of US based debt so we need more currency moving around to pay back that debt
While the average wages seems fair it doesn’t paint the full picture sure peoole are living on more or less but I’d say anything less than $1700 isn’t a good quality of life
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Yeah. I understand why South Africa was blue on the map. I would have expected that. It was Libya that surprised me.
If you'd told me there were 2 blue countries in Africa I would have guessed South Africa as number 1 but I would probably have gone for Egypt next. Presumably Libya is there because of oil. But then a lot of African countries are rich in natural resources.
!Engage 20
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I have NO clue why Libya is up there as far as I know they have a civil war so I guess that does drive up the cost of living as it’s harder to get goods in and trading partners but I can’t be sure
I’ve been to egypt and I could see it being a power house it has potential but it’s been really poorly managed as most African countries are and it’s so run down in many places
You’d think a tourist and oil combination would have a country booming!
Not exactly an attractive proposition for retirement. 😂
Precisely!
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Their average annual income is actually pretty decent. Both Libya and South Africa are higher than some European countries.
Making this map really puts into perspective how dire life is to the general population in Africa. Bear in mind this is an average and rich people in Africa are REALLY RICH so most common people earn bellow the average I'm accounting for.
Yes. It is pretty dire as you say. I feel very fortunate to have been born and live in the UK.
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