Fashion - Intelpoint

Key takeaways:

China led global gold production with 378.16 tonnes, representing approximately 10.4% of global output.
The top five producers (China, Russia, Australia, Canada, and the United States) collectively produced 37% of the world’s gold.
African nations showed remarkable strength, with four countries in the top 15 (Ghana, Mali, South Africa, and Burkina Faso).
Ghana led Africa in gold production and ranked 6th globally, producing 135.11 tonnes in 2023.
China, Australia, and Russia together produced nearly 1,000 tonnes of gold, accounting for 27.3% of total world production.

The Nigerian naira depreciated by a record-breaking 129.23% in 2024, the highest drop in the last decade.
From 2015 to 2022, the naira's depreciation was relatively controlled, rarely exceeding 20% year-on-year.
The exchange rate remained nearly flat from 2017 to 2019, showing signs of stability.
In 2023, the naira lost over half its value (51.46%), marking the beginning of the current volatility wave.
The exchange rate crossed the ₦1,000/$ threshold in 2024 for the first time in history.

Somalia’s currency has depreciated by 26.4% between 2015 and 2024.
The sharpest yearly depreciation was in 2019, at 4.64%.
From 2020 to 2021, the SOS saw its smallest year-on-year shift at 1.08%.
Despite fluctuations, every year from 2015 to 2024 recorded a net increase in SOS per US$.
2017 recorded near-stable currency performance with just a 0.16% change from the previous year.

Key Takeaways:

Africa's gold production grew steadily from 621.78 tonnes in 2010 to 1,003.98 tonnes in 2023.
The continent experienced an overall increase of 61.5% in gold output over the 14 years.
The continent saw consistent year-on-year growth, with only minor declines in 2020 and 2022.
2023 marked the highest production level in more than a decade.
The average annual growth rate in gold mine production over the period was approximately 4%.

Key Takeaways:

Global gold production rose from 2,830.80 tonnes in 2010 to 3,646.07 tonnes in 2023.
The most significant year-over-year growth occurred between 2012 and 2013, with an increase of over 178 tonnes.
A temporary decline in production was recorded in 2019 and 2020, reflecting pandemic-related disruptions.
Production recovered quickly post-pandemic, reaching a record 3,646.07 tonnes by 2023.
Over the last fourteen years, gold mine output grew at an average annual rate of approximately 2%.
Growth from 2021 to 2023 was more moderate compared to earlier years.

Tunisia held the top spot with the strongest African currency, trading at 3.11 TND per USD in 2024.
Libya followed as the second-strongest, with an exchange rate of 4.83 LYD per USD.
Morocco maintained a strong regional position, with its dirham trading at 9.94 MAD per USD.
Botswana’s pula was relatively stable, exchanging at 13.56 per USD, highlighting Southern Africa’s economic steadiness.
Ghana and Seychelles had closely matched exchange rates, trading at 14.48 and 14.53 to the dollar, respectively.
South Africa, Lesotho, Namibia, and Eswatini all shared almost identical exchange rates of around 18.32–18.33 per USD, showing tight regional monetary coordination.

Eastern Africa is the continent's fastest-growing region in 2024 with a GDP growth rate of 5.39%, but it also faces the highest inflation at 17.76%.
Southern Africa has the lowest inflation (3.48%) but also the highest unemployment by far, at 28.64%.
Western Africa combines growth (3.57%) with low unemployment (4.53%), positioning it as a relatively stable economic zone.
Central Africa and Northern Africa both lag in GDP growth, at 1.40% and 2.90% respectively, with Central Africa also experiencing moderate inflation and interest rates.
Interest rates are highest in Western (10.84%) and Eastern Africa (10.12%), reflecting tighter monetary policies likely aimed at controlling inflation.
Northern Africa’s 11.15% unemployment rate suggests underlying labour market issues despite moderate inflation and interest rates.
Southern Africa's low interest rate (6.29%) hasn't translated into job creation, indicating that monetary easing alone isn't resolving unemployment challenges.

Key takeaways:

The United States holds the largest national gold reserves in 2024, totalling 8,133.46 tonnes.
Western European countries in the top ten list collectively hold 9,892.76 tonnes of gold reserves.
China, India, and Japan are the only Asian countries in the top 10, together holding 4,001.71 tonnes.
The Russian Federation is the leading gold reserve holder in Central and Eastern Europe, with 2,332.74 tonnes.
All countries in the top ten list maintain at least 600 tonnes of gold reserves.
The total gold reserve held by the top ten countries amounted to 24,360.67 tonnes.

Key takeaways:

China leads all nations with total reserves of $3.46 trillion while holding 5.53% of its share in gold reserves.
The top 15 countries collectively hold a total reserve of $10.78 trillion.
Despite being the global leader in gold reserves, the United States ranks third in total reserves.
The largest share of the United States' total reserves is from its gold reserve holdings of 74.97%.
Countries in the top fifteen list hold at least $236.9 billion each in total reserves.
The United States, France, and Italy have more than 70% of their total reserve holdings in gold.

Key Takeaways:

Ghana led the continent in gold production in 2023, producing 135.11 tonnes, 13.5% of Africa’s total.
Four countries (Ghana, Mali, South Africa, and Burkina Faso) each produced over 95 tonnes, together accounting for 443 tonnes or 44.1% of the continent’s output.
West African countries dominated the rankings, with eight nations from the region among the top 15 producers.
The West African countries in the top 15 combined contributed 525.55 tonnes, more than half (52.3%) of Africa's total gold production.
South Africa ranked third in Africa with 104.29 tonnes.
Burkina Faso ranked fourth while contributing almost 10% of Africa’s gold production.

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