Extract A
Figure 1: Real GDP (US$ bn), selected East African nations, 2020–2023
| Country | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Ethiopia | 96.0 | 100.0 | 111.0 | 120.0 |
| Kenya | 101.0 | 110.0 | 114.0 | 112.0 |
| Rwanda | 10.2 | 11.3 | 12.3 | 13.5 |
| Tanzania | 62.0 | 65.0 | 69.0 | 74.0 |
| Uganda | 38.0 | 40.0 | 41.0 | 39.5 |
Source: World Bank data, 2024
Figure 2: Foreign direct investment (FDI) net inflows (US$ bn), selected East African nations, 2020–2023
| Country | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Ethiopia | 2.4 | 2.2 | 2.5 | 2.3 |
| Kenya | 0.8 | 1.2 | 1.1 | 0.7 |
| Rwanda | 0.35 | 0.41 | 0.48 | 0.55 |
| Tanzania | 1.0 | 1.1 | 1.3 | 1.5 |
| Uganda | 0.9 | 1.2 | 0.8 | 0.6 |
Source: World Bank data, 2024
Explain how the data in Extract A (Figures 1 and 2) show that nations with high and stable economic growth attract rising foreign direct investment (FDI) inflows.
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.