The coffee industry has been growing for decades. The fact is that over 2.5 billion cups of this caffeine drink are consumed in the world each day. You can hardly find a country where people don’t drink coffee at all. But which countries are the major exporters of coffee? How does coffee production influence the economic growth of third-world countries? Feel free to get all the answers below.
Where Are Most Popular Sorts Of Coffee Produced?
Over 90% of the coffee production is held in developing countries. In case you are looking for more specific information, this is South America. The countries of the continent can boast of having more than 25 million coffee producers. The beans and ground coffee are sold throughout the world, making South America the major exporter of this popular product globally. These developing countries offer top-quality coffee that amazes with its unique taste and aroma. By the way, if you explore the best coffee beans for cappuccino, you will find out that the most quality coffee is made in Brazil and some other countries in South America.
How Can Coffee Production Influence On The Economy?
There are tons of benefits of producing coffee for the economies of third-world countries. Let’s find out the list of the most impressive advantages.
Boost An Employment Rate
Third-world countries are very populated but often face high unemployment rates. Fortunately, the coffee industry allows the creation of extra jobs and helps millions of families earn money for living and survive. With improving the employment rate, the economy gets fewer people who live below the poverty line. Moreover, being employed allows people to save costs and open their businesses in the sphere of coffee production and distribution. As a result, the developing countries have a larger number of producers offering coffee of premium quality, while the customers in the industrialized countries get a wider choice of excellent sorts of coffee. To put it short, this is good for both selling and buying countries.
Increasing coffee production is good for those living in third-world countries. Why? When people can earn money, they are less prone to committing different crimes. Moreover, having enough money allows families to invest in their kids’ education, improving their entire quality of life. Another brilliant aspect of producing coffee in developing countries is that a stable economic situation remains far between social disturbances and revolutions. Consequently, the industrialized countries that buy coffee can arrange supplies in a convenient and reliable way. The processes of selling and buying coffee are held fast and without any bureaucratic procedures. This feature of completing deals stimulates international trade between different countries and continents.
Boost The Production Of Supporting Goods
Not only the production of coffee is an excellent business for companies from third-world countries, but it also stimulates the growth of supporting industries in other countries. For example, coffee machines continue to be one of the most popular supporting products for the coffee industry. Not to mention, in case you are looking for a new and reliable device, it might be a good idea to read an ultimate budget coffee makers review to pick up the best alternative.
What other industries can benefit from manufacturing coffee-related products? There are dozens of them! Just imagine how many people would like to buy a special cup for drinking caffeine drinks, towels with an emblem of coffee to use in the kitchen, coffee-related souvenirs, and other products. Therefore, all the companies that are somehow connected with the coffee industry can boost their sales and profits. This rule is working not only for third-world coffee producers but for many countries all over the world.
Support The Economy
Producing various sorts of coffee in high volumes helps the economy of third-world countries grow. People launch new businesses, export coffee, gain profits, pay taxes, rocket launching the economy of their countries. It is also important to note that coffee continues to be one of the major products for export in many third-world countries. Therefore, it is vital for the governments to support this niche to remain competitive in the global market. Coffee production gives millions of people jobs, inducing economics to grow rapidly. It also helps many families to earn money and survive in environments with a very limited number of industries and career opportunities.
However, producing coffee in third-world countries also causes a negative impact on their economies. Thus, the economies of many countries in South America have become mono-oriented. This means growing coffee beans and selling them abroad is now the only developing industry. The governments of these countries should pay more attention to supporting other spheres, too.
Nevertheless, the number of benefits of producing coffee in developing countries is higher than the disadvantages. We believe these countries will remain leaders in coffee production in the upcoming years.