Let’s say that the global coffee industry generates $460 billion in revenue in a year.

  1. How much of it goes to Africa (the whole continent)?
  2. How much of it goes to Starbucks?
answer

I found this transcription of a talk between Russian and Ugandan delegations. The Ugandan president, Yoweri Kaguta Museveni, says that:

the global business for coffee is worth $460 billion. […] But of those $460 billion the coffee producing countries of the whole world share only $25 billion and Africa shares only $2.4 billion out of $460 billion. […] Germany earns more from coffee than the whole of Africa. Germany earns $6.85 billion from coffee […]

I am not sure how I can verify these claims. I found the coffee industry stats on Statista but their graphs vs. the text summaries show different numbers:

Whichever numbers are correct the bigger picture remains the same.

Starbucks revenue for the twelve months ending June 30, 2023 was $35.016B, a 9.48% increase year-over-year.

  • Anarcho-Bolshevik
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    1 year ago

    I guessed

    1. $1 billion
    2. $459 billion

    I checked the answer and I was really close.