muhammadimankhan/africa-inflation-crisis-analysis

# 📉 Africa Economic & Inflation Crisis Analysis ## 📌 Project Overview This project analyzes **1,059 records** of economic, banking, and inflation crisis data across **13 African countries** spanning **154 years (1860–2014)**. The analysis uncovers the relationships between inflation, banking crises, currency crises, and sovereign debt defaults across Africa's economic history. --- ## 📂 Dataset - **Source:** Kaggle — Africa Economic, Banking and Systemic Crisis Data - **File:** `african_crises.csv` - **Size:** 1,059 records × 14 columns - **Content:** Country, year, systemic crisis, exchange rate, domestic debt default, sovereign debt default, GDP weighted default, annual inflation CPI, independence, currency crises, inflation crises, banking crisis --- ## 🧹 Data Cleaning Steps | Step | Action | |------|--------| | 1 | Removed duplicate records | | 2 | Capped extreme inflation outliers at 200% for visualization | | 3 | Created readable labels for binary crisis columns | | 4 | Extracted decade feature for trend analysis | --- ## 📊 Analysis & Visualizations | Chart | Description | |-------|-------------| | Inflation Trend by Country | 154-year inflation trend for all 13 countries | | Average Inflation by Country | Historical average inflation ranking | | Banking Crisis Frequency | Number of banking crisis years per country | | Inflation vs Banking Crisis | Boxplot comparing inflation during crisis vs stable periods | | Crisis Heatmap by Decade | Systemic crisis frequency by country and decade | | Currency Crisis Over Time | Countries experiencing currency crisis per year | | Correlation Matrix | Relationships between all economic crisis factors | --- ## 💡 Key Insights - **Total Records Analyzed:** 1,059 - **Countries Covered:** 13 African nations - **Year Range:** 1860 – 2014 - **Zimbabwe** recorded the highest average inflation at **245,105.6%** - **Central African Republic** experienced the most banking crisis years (19) - **82 total systemic crisis re …