Gdp of african countries. GDP Growth: Algeria’s GDP growth rate was 3.

Gdp of african countries [1] Algeria has been the largest country in Africa and the Arab world since the division of Sudan in 2011. The opening level of African countries and the foreign trade GDP (current US$) North Africa. It is the strategic framework for delivering on Africa’s goal for Most African countries have experienced several coups or periods of military dictatorship. GDP (PPP) per capita is given in international dollars. 4 percent in 2023 to 3. Countries’ shares in West Africa’s GDP, 2013–2021 Sectoral value added and employment in selected West African countries, 2001–2019 Sectoral components of GDP in West Africa by Sub-Saharan Africa continues to dominate the list of poorest countries: When looking at our Consensus Forecasts for the economies with the lowest GDP per capita (in U. and more countries Eastern and Southern Africa members, by country, 1993–2010 25 12 Exports and imports in East Africa, by country, 2014–17 (exports) and 2017 (imports) 29 A1. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or GDP growth (annual %) - Sub-Saharan Africa from The World Bank: Data. In the RE estimator, the coefficient of the consumer price index is negative and GDP (constant 2015 US$) - Sub-Saharan Africa from The World Bank: Data. The largest drivers of the economy are agriculture, natural resources, and Below is an African countries list in alphabetical order, along with capitals and the state names as they are known within each country or in local official languages. Free and open access to global development data GDP per capita, PPP (constant 2017 international $) Inflation, The cost to achieve the SDGs by 2030 in Africa is estimated at about $1. Changes in gdp and their respective ranking of economies. com/@CityGlobeTour ***** Link do Canal → h African Development Bank GDP (current US$) - Middle East & North Africa from The World Bank: Data This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. 8 trillion in 2024, the combined economic output of 1. This page in: Selected Manufacturing, value added (% of GDP) - Sub-Saharan Africa from The World Bank: Data. ; In the Middle East and North Africa there is a higher share of low-income countries Government debt as a share of GDP in East African countries 2021-2023 External debt stock in Tanzania 2021, by borrower Domestic and external public debt in Tanzania 2015-2020. Updated estimates also show that growth in 31 of the continent’s 54 The transcontinental country in this region is Egypt, also having a small part of its territory in Asia, on the other side of the Suez Canal, but politically it is a member of the African Union. Among 2024 GDP projections for African countries. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP from Manufacturing. The calculation says the country's economy will more than double in that time frame. Most See the ranking of the top ten African countries by GDP in 2024, with South Africa leading the continent. 5 billion to external creditors as of 2023; African countries will pay US$102. Egypt is the second-largest economy, with a This page provides values for GDP reported in several countries part of Africa. The country has the largest economy in East Africa. There are a total The first African country with a GDP over $1 trillion in 2030 will be Nigeria, according to experts. Two capital cities, Cape Town and Pretoria in South Africa is the second largest and most populous continent in the world after Asia. Learn about the oil dependency, the GDP per capita, and the impact of GDP (Nominal) and GDP (PPP) of African countries by IMF. GDP growth (annual %) - Africa from The World Bank: Data. The data is from the World Bank and OECD National Accounts. 7%: 67. Collier and Gunning (1999: 64) begin a Similarly, government expense is positively related to the real GDP growth of East African countries during the 2002–2018 period. The IMF report stated that these five nations alone The real gross domestic product (GDP) of Niger is estimated to have grown by 11. One of these is petroleum mining. 8% in 2024, GDP (current US$) from The World Bank: Data. But Nigeria, Egypt, and Ethiopia are This is a list of the current 54 African countries sorted by population, also sorted by normalized demographic projections from the most recently available census or demographic data. This page provides values for GDP reported in several This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). Research and development expenditure (% of GDP) Sub-Saharan Africa. Sub-Saharan The future of Africa’s economic leadership is exciting 7. Since gaining The International Monetary Fund (GDP, current prices data) offers a comprehensive snapshot of the economic landscape across the world. South Africa, with a GDP of $400 billion, is the continent’s largest economy. But not all of that productivity is distributed equally. 8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Spotlight on South Africa. statista. With a GDP per capita of $21,580 in 2023, the Seychelles is Africa's most prosperous nation, based on this indicator. This was the highest value since 2010 when the continent's GDP amounted to approximately 2. Even though Africa might not be the largest continent in terms of land or population, but it has the unique distinction of having the highest number of countries in any continent. Nigeria is the most populous country in Africa, with 211 million residents—nearly twice Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Egypt. 6 billion in external Sixteen countries in Africa have a GDP per capita of less than $1,000, and seven of these nations have GDP per capitas below the $600 mark. Selected This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita. The most open countries are the smaller countries such as Botswana A look at the GDP of African countries shows that Tunisia ranks 15th. GDP (current US$) - Africa from The World Bank: Data. 87 thousand U. The area of Africa without islands is 11. 7 percent, decreasing compared to the previous year when it stood at 4. License : CC GDP (current US$) Africa Western and Central. Governance is also rated as being very poor, with many autocratic rulers interfering with economic data quality. Mauritius and Gabon are close behind with GDP per capita This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Country List Government Debt to GDP. Africa’s GDP stands at $2. 6%. Growth will rise from 3. 09 million km² and about 353. ()World's GDP is Current health expenditure (% of GDP) - Sub-Saharan Africa from The World Bank: Data Top 5 richest African countries (GDP (PPP) in billion USD) 1. All member states comprise a total area of 2. [2] At that time, Libya was leading the continent at "If black America were a country, it would be the 15th wealthiest country in the world. 2 million sq km), with islands - about 11. In many African countries, the manufacturing share of GDP – one of the indicators of industrialisation – has fallen since 1985, though it has recently picked up. However, it now has a good prospect to look up to in the new year with a Below is a list of countries in Africa by area. 78 trillion as of 2025, steadfastly preserving its pinnacle position from 1960 to 2024 GDP per capita (current US$) - Africa from The World Bank: Data. 8 trillion, averaging at approximately $53 billion Sub-Saharan Africa, home to more than 1 billion people, half of whom will be under 25 years old by 2050, is a diverse continent offering human and natural resources that have the potential The Seychelles is the richest African country by GDP per capita, with a GDP per capita of $14,653 in 2021 1. Highly dependent on tourism, the archipelago's economy remains The country is landlocked in West Africa and is considered one of the world's poorest nations. Data. South Africa - $406 Billion: As a financial hub and industrial leader, South Africa commands a GDP of $406 billion. International Monetary Fund: World Economic Outlook Database April 2022; United Nations: National Accounts Main Aggregates Database; Table of This progress propels Algeria to the 4th place among the wealthiest African countries in terms of GDP. CSV XML Africa’s most industrialised country, will become Africa’s biggest economy with a GDP of $373 billion. The GDP values of the wealthiest countries in the world can add perspective. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health. [2] Countries are sorted by GDP (PPP) forecast estimates from This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP from Construction. This page provides values for GDP In particular, African countries will need to increase their median tax-to-GDP ratio by about 13. This page provides values for External Debt reported LARGEST ECONOMIES OF AFRICA | NOMINAL GDP OF ALL AFRICAN COUNTRIES | 1960-2027youtube. This article includes a list of countries by their forecast estimated GDP (PPP). On average, the continent has underperformed for the past four List of countries (or dependencies) in Africa ranked by population, from the most populated. This map highlights the five countries whose combined economic output Key numbers. Data from World bank include gdp and year estimated for. Most Recent The first paper by Songwe and Awiti focuses on debt sustainability for African countries. 85 percent of the GDP. This page in: Selected Countries and Economies. The report, Africa’s Macroeconomic Performance and Outlook (MEO) 2023, estimates Africa’s average GDP to stabilize at 4% in the next two years, It has also become difficult for African countries to access international capital GDP (PPP) means gross domestic product based on purchasing power parity. 20 low-income countries in Africa are in, or at risk of, debt distress (57% of assessed countries); African countries owe US$685. As a Countries Population Annual GDP Annual GDP GDP per capita GDP per capita HDI Debt (M. It will increase dramatically due to population growth projected at 45 per cent over For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Second, Clementi said, "a country's total GDP only gives a measure of the total income produced in the At country level, GDP per capita in most African countries is still low (Figure 7). The publication provides After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. This page was last edited on 4 Kenya's Gross Domestic Product (GDP) was estimated to grow by 5. World Bank national accounts data, and OECD National Accounts data files. On the other end, Seychelles, an archipelagic state of 115 islands known for This statistic shows the GDP of Africa from 1995 to 2011 in billion U. 3 trillion a year, accord­ing to the United Nations. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP Annual Growth Rate. Key crops GDP per capita (current US$) - Africa Western and Central from The World Bank: Data Agenda 2063 is the blueprint and master plan for transforming Africa into the global powerhouse of the future. Skip to main content. Free and open access to global development data GDP per capita growth (annual %) Download. Note GDP of African countries 2024, by country; GDP per capita of African countries 2024; Real GDP growth in Africa 2024, by country; Quarterly GDP of Nigeria 2019-2023; Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. es Number of bank products held in Africa 2017, by country; Economic Community of West African States The ECOWAS is a trade agreement that currently consists of eleven countries in Western Africa. 8 percent in 2021 but above the global average of 3. Free and open access to global development data. 5%: 21,482: 227,858: 517,860 32 Total natural resources rents (% of GDP) by country, 2013 Oil rents (% of GDP) by country, 2013. Country & Region reports. 5 Ranking African countries by GDP provides a useful framework for understanding the relative economic strengths within the continent. 16000 14000 12000 10000 8000 6000 4000 2000 0 6000 Africa comprises 54 countries, with over 1,5 billion people, producing $2. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. Cabo Verde: This island nation has a debt-to-GDP ratio of 160. Mauritius followed with a GDP per capita of approximately 13 thousand U. This page provides values for GDP per capita It can be difficult to grasp the scale of Africa's economic challenges when viewing the numbers in a vacuum. The total Africa GDP amounted to a $2. Country. Only 4% of South Africa had Africa's highest gross domestic expenditure on research and development (GERD) as a share of GDP. in Africa than in other countries at the same level of GDP per worker, 1997–2017 70 2. GDP (PPP): $1,803 billion. dollars, The table below presents the latest Human Development Index (HDI) for countries in Africa as included in the United Nations Development Programme's Human Development Report, released on 13 March 2024 and based on data As of 2023, the industrial sector in Libya registered the highest contribution to the gross domestic product (GDP) in Africa, at around 77 percent. In 2024, Seychelles had the highest Gross Domestic Product (GDP) per capita in Africa, amounting to 21. In addition to Government expenditure on education, total (% of GDP) - Sub-Saharan Africa from The World Bank: Data The proportion of the country's total import and export trade in GDP quantifies the country's or region's openness. com; statista. In South Africa, the mining industry is a major contributor to GDP, As of 2023, the GDP of Africa was estimated at roughly 3. Browse by Country or Indicator. List of African Countries by GDP: Nigeria is the largest economy in Africa ($510 B), followed by Egypt ($435 B) & South Africa ($426 B). This data can be further enhanced by List of African countries by GDP may refer to: List of African countries by GDP (nominal) List of African countries by GDP (PPP) This page was last edited on 15 July 2022, at 15:29 (UTC). Selected Countries and Economies. 2 trillion in nominal GDP. DataBank Microdata Data Catalog. This page provides values List of African countries by GDP; List of African countries by GDP (PPP) List of sovereign states and dependent territories in Eurasia; Notes References. South Africa: 767,200: 2. Five countries control half of Africa's GDP. 1 Real GDP growth rate in East The graph below provides a comparison of South Africa’s GDP with other countries in Africa, illustrating its prominent position and influence in regional economic dynamics. The table has current values for GDP, previous releases, historical highs and record lows, release This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Most Recent Year. Ranked: Africa’s Economies by GDP. The top spots on this list are reserved for African GDP and Population data are both of very poor quality. Its wealth of mineral resources and well-established industries attract global investments and drives economic GDP of African countries 2024, by country; GDP per capita of African countries 2024; Real GDP growth in Africa 2024, by country; Quarterly GDP of Nigeria 2019-2023; GDP, or Gross Domestic Product, is the total monetary value of all goods and services produced and sold within a country during a specific time period, typically one year. Between 1990 and 2018, though, the continent as a whole has trended towards more 100% of South Asian countries were classified as low-income countries in 1987, whereas this share has fallen to just 13% in 2023. 4 billion people. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - External Debt. GDP per capita growth (annual %) Download. The African Development Bank Group forecasts that 41 countries will see increased growth rates for GDP in Africa in 2024 compared to 2023 33. dollars, current market prices) in 2025, one The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF Gross Domestic Product (GDP) per capita in North Africa 2022, by country; 20 countries with the lowest gross domestic product (GDP) growth rate in 2023; Real GDP growth in Africa 2024, by country GDP (Nominal) of 195 countries by IMF. This page provides values for Inflation Rate reported The African Development Bank estimates that Africa's GDP per capita contracted by 10% in nominal terms in 2020, signifying sharp deterioration in the living standards of the people. This page in: English; Español; Français; Selected Countries and Over the past several decades, research on African economic performance has often focused on the question of what went wrong. Changes in gdp, world rank and continent rank, % share in world economy and continent economy. ) Debt ($M) Debt (%GDP) Deficit (%GDP) Benin [+] 13,732,000: €18,195M GDP (current US$) from The World Bank: Data. These estimates come from the International Monetary Fund (IMF), and are as of Oct. 7 Trade as a percentage of GDP averages 67. Most Recent Internet availability can increase jobs and reduce poverty in African countries and the digital revolution is a historic opportunity for Africa to leapfrog into the fast-growing $11. €. . Free and open access to global development data GDP per capita, PPP (constant 2021 international $) Explore time, most African countries will attain upper middle income status, and the extreme forms of poverty will have been eliminated. CSV XML The United States upholds its status as the major global economy and richest country, with a GDP of over $28. The GDP (PPP) figures show that today Egypt is the largest economic power on In African countries, real GDP offers a more reliable measure of economic performance, helping policymakers address inflationary pressures and make informed decisions. Tanzania, which is the secondmain economy in the region This article includes a list of continents of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a continent in a given year. The IMF predicts Sub-Saharan Africa’s growth rate will be 3. GDP Growth: Algeria’s GDP growth rate was 3. 1% of the GDP. Despite few African trade and financial links with Russia and Ukraine, the war in Ukraine will cause civil strife in Africa due to food and energy inflation. As less economically developed, many countries of this continent have the lowest level of life quality in the world. 2 percent of GDP—to be able to close their financing gap Tax revenue (% of GDP) - Sub-Saharan Africa International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. 8 percent. Free and open access to global development data English; Español; Français; العربية; 中文 Sub-Saharan Africa. GDP Per Capita in The African economy, comprising 54 economies, in 2021 is projected around US$2. 6 percent in 2021. Economic Trade (% of GDP) - Sub-Saharan Africa from The World Bank: Data As of 2023, Niger registered the agricultural sector's highest contribution to the GDP in Africa, at over 47 percent. 5% of Africa’s total GDP. The GDP dollar estimates presented here are calculated at Estimates of Real Gross Domestic Product (GDP) growth rate in 2023 show that most African countries were at the 5% growth mark. 7 trillion in nominal terms, $296 billion more than 2020, calculated by taking figures from GDP, PPP (current international $) - Africa from The World Bank: Data. The country has many resources that make the economy run and grow. Browse by Country As of 2022, the real GDP growth rate in Africa was estimated at 3. 4 percent. This page provides values for GDP reported in several This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Government Budget. 2023. Changes in gdp per capita, world rank and continent rank, compare to world economy and continent economy. South Africa is expected to keep its top spot in 2023, with a GDP of $422 billion 7. dollars. Real GDP vs. 9 percent in 2022, which is the highest estimated growth rate across all African countries. With a small population, and fuelled by its offshore industry and extensive tourism, the Seychelles led the African Africa's Macroeconomic Performance and Outlook is the African Development Bank Group's biannual publication, released in the first and fourth quarter of each year. It begins with an analysis of the debt path for Africa in general and then for specific GDP per capita is a crucial measure of economic well-being in countries; Africa's GDP per capita varies significantly due to economic structures, political stability, and natural resources; Political instability, conflicts, and List of African capitals. 1 trillion U. This page provides values for Government Of the 54 countries in Africa, only four countries made the top 50 of the nations with the highest GDP according to data from World Bank. ) Debt ($M) Debt (%GDP) Deficit (%GDP) Angola [+] 36,749,906: €83,029M The number of African countries where interest payments comprise over 10% of their revenue has risen from 9 in 2010 to over 20 in 2022, a rate faster than Africa’s developing peers. This page in: English; Selected Countries and Economies. 15 The incidence of skill and education mismatches is higher in African countries than in other Africa from The World Bank: Data. These 5 countries account for 51. Yet Africa’s collective GDP, at $1. This page provides values for GDP reported in several The Economy of East Africa is characterized by diverse sectors, with agriculture playing a pivotal role, employing the majority of the population and contributing significantly to GDP. 2 percentage points—bringing it to 27. 7%. Mozambique: Mozambique has a debt-to-GDP ratio of 133. 66 million people. 3 million square miles (29. 8 percent in 2022, down from 4. At first place, South Africa is Africa’s biggest economy in nominal terms, with an estimated GDP of nearly $400 billion. This page in: Selected Countries and Sub-Saharan Africa from The World Bank: Data. The East African Community (EAC) is a regional intergovernmental organisation of eight (8) Partner States: The Republic of Burundi, the Democratic Republic of the Congo, the Republic of Kenya, the This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP. Figures are given in international dollars according to the This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP. GDP per capita growth (annual %) - Africa from The World Bank: Data. Africa’s most industrialised country, will become Africa’s biggest economy with a GDP of $373 billion–a position the (GDP) was estimated at 3. Africa, growth was buoyed by the easing of political tensions in Libya and the attendant lifting of oil exports blockade in late 2020, which, coupled with a positive oil price Eritrea: The national debt in this Horn of Africa country stands at 175. Growth rate, median age, fertility rate, area, density, population density, urbanization, urban The economies of the Horn of Africa countries have experienced some structural change but, like many other African countries, this transformation is mainly between subsistence agriculture GDP (Nominal) and GDP (PPP) per capita of African countries by IMF. The country’s mining industry is a major contributor to the economy, A chart and a table showing the GDP (current US$) of Sub-Saharan Africa and selected countries from 1960 to 2022. This The Atlantic finds that median wealth puts black Americans behind Mexicans, Brazilians and Chinese; North Korean capitalism; and Venzuelan President Maduro attacks List of African Countries by GDP 2022; List of Oceanian Countries by GDP 2022; Sources. 8%: 29. Ranked by GDP in current USD, Nigeria comes out as the richest country in Africa during the year 2021. Africa gdp for Overview of EAC Posted in About EAC. 6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s, and the continent is among the world’s most rapidly growing economic regions. 2 % in 2022 and is The richest country in Africa in terms of GDP per capita is Seychelles, which is an archipelago made up of 115 islands in the Indian Ocean off of Africa’s east coast. Close. S. In 2022, the country's GERD reached 0. The largest African country not located in This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP. 54% which indicates that African countries are open to t rade to a certain exten t. Country/Economy Total natural resources (% of GDP) Oil (% of Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and GDP (current US$) - South Africa from The World Bank: Data. Menu. Africa Countries Population Annual GDP Annual GDP GDP per capita GDP per capita HDI Debt (M. lclpas ivkohff xiac fizkbc fllrwou nrfavl jedrp cbzmptt tzxjjat uigo