About what percentage of GDP do the developing economies in Latin America and Africa spend on logistics-related costs?
A) 10 percent
B) 20 percent
C) 30 percent
D) 40 percent
E) 50 percent

Question

Quizplus · Accepted Answer

According to a report by the World Bank, logistics-related costs in developing economies in Latin America and Africa account for an average of around 30% of their GDP. This is significantly higher than the 9-10% average seen in developed economies, highlighting the inefficiencies and challenges faced by these regions in logistics and supply chain management.

About What Percentage of GDP Do the Developing Economies in Latin