Africa: Nigeria Takes 4th Position As South Africa Leads in Tradability Index - Report

South Africa has the highest Tradability Index in Africa while Angola has the lowest, according to the Africa Trade Barometer 2023 Issue three report.

Nigeria's improvement in the Trade Barometer ranking is due to advances in the Quantitative Trade Barometer and Survey Trade Barometer rankings.

This achievement is attributed to significant improvements in business confidence scores, ease of access to credit and government support for trading activities. The index rankings are based on seven thematic categories, including trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance economy, and trade financial behaviour. Changes in a country's ranking are driven by changes in their aggregate score and relative ranking against other countries. Rankings are relative to the ten countries in the index and pegged on a scale of 0 -100.

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