List of African countries by GDP (nominal)

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Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. [3]

Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]

Map of Africa by 2020 nominal GDP (billions USD): .mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{} >200 100-200 50-100 20-50 10-20 5-10 1-5 <1 Africa GDP Map 2020 including Somaliland.svg
Map of Africa by 2020 nominal GDP (billions USD):
  >200
  100–200
  50–100
  20–50
  10–20
  5–10
  1–5
  <1

The 2024 estimates are as follows: [1]

GDP (Nominal) of Africa 2024 [1]

   South Africa (13.2%)
   Egypt (12.3%)
   Algeria (9.5%)
   Nigeria (9.0%)
   Ethiopia (7.3%)
   Morocco (5.4%)
   Kenya (3.7%)
   Angola (3.3%)
   Côte d'Ivoire (3.1%)
   Tanzania (2.8%)
  Other Countries (30.5%)
RankCountry Nominal GDP
(Billion US$) [1] 		Per Capita
(US$) [1]
1Flag of South Africa.svg  South Africa 373.2335,974.912
2Flag of Egypt.svg  Egypt 347.5943,224.868
3Flag of Algeria.svg  Algeria 266.7805,721.678
4Flag of Nigeria.svg  Nigeria 252.7381,109.899
5Flag of Ethiopia.svg  Ethiopia 205.1301,909.984
6Flag of Morocco.svg  Morocco 152.3774,077.525
7Flag of Kenya.svg  Kenya 104.0011,983.099
8Flag of Angola.svg  Angola 92.1232,431.580
9Flag of Cote d'Ivoire.svg  Côte d'Ivoire 86.9112,717.404
10Flag of Tanzania.svg  Tanzania 79.6051,220.356
11Flag of Ghana.svg  Ghana 75.2442,229.904
12Flag of the Democratic Republic of the Congo.svg  Democratic Republic of the Congo 73.761714.763
13Flag of Uganda.svg  Uganda 56.3101,201.968
14Flag of Tunisia.svg  Tunisia 54.7084,435.001
15Flag of Cameroon.svg  Cameroon 53.2051,814.944
16Flag of Libya.svg  Libya 48.2216,975.330
17Flag of Senegal.svg  Senegal 35.4501,899.731
18Flag of Zimbabwe.svg  Zimbabwe 34.4052,087.614
19Flag of Zambia.svg  Zambia 29.8721,413.421
20Flag of Sudan.svg  Sudan 26.865546.707
21Flag of Guinea.svg  Guinea 25.4471,650.556
22Flag of Mozambique.svg  Mozambique 22.975659.095
23Flag of Burkina Faso.svg  Burkina Faso 21.902910.210
24Flag of Mali.svg  Mali 21.662898.817
25Flag of Botswana.svg  Botswana 21.4187,875.313
26Flag of Benin.svg  Benin 21.3711,512.242
27Flag of Gabon.svg  Gabon 21.0139,307.875
28Flag of Niger.svg  Niger 18.816670.104
29Flag of Chad.svg  Chad 18.6971,014.082
30Flag of Madagascar.svg  Madagascar 16.465538.176
31Flag of Mauritius.svg  Mauritius 16.35912,973.298
32Flag of the Republic of the Congo.svg  Republic of Congo 15.5012,456.868
33Flag of Rwanda.svg  Rwanda 13.701988.740
34Flag of Somalia.svg  Somalia 12.804775.944
35Flag of Namibia.svg  Namibia 12.7654,745.256
36Flag of Malawi.svg  Malawi 11.241480.727
37Flag of Equatorial Guinea.svg  Equatorial Guinea 10.7086,733.327
38Flag of Mauritania.svg  Mauritania 10.6282,346.945
39Flag of Togo.svg  Togo 9.8321,058.319
40Flag of South Sudan.svg  South Sudan 6.517421.857
41Flag of Eswatini.svg  Eswatini 5.0854,323.957
42Flag of Liberia.svg  Liberia 4.754854.852
43Flag of Sierra Leone.svg  Sierra Leone 4.558526.587
44Flag of Djibouti.svg  Djibouti 4.3644,183.970
45Flag of Burundi.svg  Burundi 3.075230.044
46Flag of the Central African Republic.svg  Central African Republic 2.810537.601
47Flag of Cape Verde.svg  Cabo Verde 2.7184,655.649
48Flag of The Gambia.svg  The Gambia 2.694989.170
49Flag of Lesotho.svg  Lesotho 2.3951,107.084
50Flag of Seychelles.svg  Seychelles 2.20321,875.075
51Flag of Guinea-Bissau.svg  Guinea-Bissau 2.1511,087.487
52Flag of Eritrea.svg  Eritrea 1.982 (2019)566.731 (2019)
53Flag of the Comoros.svg  Comoros 1.4221,384.485
54Flag of Sao Tome and Principe.svg  São Tomé and Príncipe 0.7513,167.295
--Total2,819.3171,942.307

See also

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References

  1. 1 2 3 4 5 "Report for Selected Countries and Subjects". IMF. Retrieved 30 April 2024.
  2. ↑ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com . IAC/InterActiveCorp . Retrieved 31 May 2014.
  3. ↑ Ito, Takatoshi; et al. (January 1999). "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia" (PDF). Changes Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research . Retrieved 1 June 2014.
  4. ↑ Callen, Tim (28 March 2012). "Purchasing Power Parity: Weights Matter". Finance & Development . International Monetary Fund . Retrieved 30 May 2014.
  5. ↑ Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development . International Monetary Fund . Retrieved 31 May 2014.

[[Category:Economy of Africa

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