Commodity Dependency in Africa

A country is commodity dependent if commodities make up more than three fifths of that country's physical exports. Fully 83 % of african countries meet that threshold, despite some efforts to diversify. Commodity prices tend to leap and fall quite dramatically, leading to booms and busts. That can make economies really difficult to manage for governments in the regions. And sadly, oil and minerals don't tend to create a lot of drops in suraly.