More than half of businesses in over 80 countries experience regular power outages, significantly affecting economic growth. In nations where power grids are least reliable, losses can exceed 10% of sales. These outages are prevalent in many African countries, though even small nations globally face substantial disruptions. The World Bank's data highlights the critical impact of power reliability on productivity and economic flourishing, especially in developing regions grappling with climate change and rising energy demands.
In countries with the least reliable grids, the value lost due to electric outages amounts to more than 10% of sales. Businesses suffer significantly.
A functioning, reliable power grid is the backbone of a modern economy. When power fails, productivity drops, and economic growth slows, especially in developing regions.
More than half of all businesses experience regular power outages in over 80 countries, affecting economic activity and growth in significant ways.
The data shows that power outages are particularly detrimental in Africa and certain smaller nations, where businesses face frequent and serious disruptions.
Collection
[
|
...
]