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 (14.4%)
   Egypt (13.6%)
   Algeria (9.3%)
   Nigeria (7.1%)
   Morocco (5.6%)
   Ethiopia (5.2%)
   Kenya (4.2%)
   Angola (4.1%)
   Côte d'Ivoire (3.1%)
   Tanzania (2.9%)
  Other Countries (30.5%)
RankCountry Nominal GDP
(Billion US$) [1] 		Per Capita
(US$) [1]
1Flag of South Africa.svg  South Africa 403.0456,377.068
2Flag of Egypt.svg  Egypt 380.0443,541.750
3Flag of Algeria.svg  Algeria 260.1345,579.128
4Flag of Nigeria.svg  Nigeria 199.721877.073
5Flag of Morocco.svg  Morocco 157.0874,203.553
6Flag of Ethiopia.svg  Ethiopia 145.0311,350.401
7Flag of Kenya.svg  Kenya 116.3212,218.025
8Flag of Angola.svg  Angola 113.2862,961.340
9Flag of Cote d'Ivoire.svg  Côte d'Ivoire 86.9932,719.971
10Flag of Tanzania.svg  Tanzania 79.8671,224.368
11Flag of Ghana.svg  Ghana 75.3072,231.793
12Flag of the Democratic Republic of the Congo.svg  Democratic Republic of the Congo 72.483702.373
13Flag of Uganda.svg  Uganda 55.5871,186.529
14Flag of Cameroon.svg  Cameroon 53.3911,821.317
15Flag of Tunisia.svg  Tunisia 52.6364,266.985
16Flag of Libya.svg  Libya 44.8126,482.099
17Flag of Zimbabwe.svg  Zimbabwe 35.9192,113.811
18Flag of Senegal.svg  Senegal 33.6851,805.139
19Flag of Sudan.svg  Sudan 29.793606.289
20Flag of Zambia.svg  Zambia 25.9131,226.095
21Flag of Guinea.svg  Guinea 25.4741,652.312
22Flag of Mozambique.svg  Mozambique 22.495645.329
23Flag of Burkina Faso.svg  Burkina Faso 21.858908.372
24Flag of Mali.svg  Mali 21.653898.460
25Flag of Benin.svg  Benin 21.3221,510.188
26Flag of Gabon.svg  Gabon 20.8979,256.657
27Flag of Botswana.svg  Botswana 19.9667,341.129
28Flag of Niger.svg  Niger 19.599697.974
29Flag of Chad.svg  Chad 18.6701,012.651
30Flag of Madagascar.svg  Madagascar 17.212562.585
31Flag of Mauritius.svg  Mauritius 15.89012,601.486
32Flag of the Republic of the Congo.svg  Republic of Congo 15.0442,384.399
33Flag of Rwanda.svg  Rwanda 13.663985.990
34Flag of Namibia.svg  Namibia 13.1854,409.957
35Flag of Equatorial Guinea.svg  Equatorial Guinea 12.8848,101.698
36Flag of Somalia.svg  Somalia 12.729771.447
37Flag of Malawi.svg  Malawi 10.844463.733
38Flag of Mauritania.svg  Mauritania 10.7612,376.285
39Flag of Togo (3-2).svg  Togo 9.7661,051.216
40Flag of Sierra Leone.svg  Sierra Leone 7.411856.315
41Flag of South Sudan.svg  South Sudan 5.268340.986
42Flag of Eswatini.svg  Eswatini 5.1454,375.286
43Flag of Liberia.svg  Liberia 4.756855.186
44Flag of Djibouti.svg  Djibouti 4.3344,154.792
45Flag of Burundi.svg  Burundi 4.285320.636
46Flag of the Central African Republic.svg  Central African Republic 2.823529.492
47Flag of Cape Verde.svg  Cabo Verde 2.7565,388.164
48Flag of The Gambia.svg  The Gambia 2.693988.881
49Flag of Lesotho.svg  Lesotho 2.2971,061.813
50Flag of Guinea-Bissau.svg  Guinea-Bissau 2.1881,106.242
51Flag of Seychelles.svg  Seychelles 2.14421,289.801
52Flag of Eritrea.svg  Eritrea 1.982 (2019)566.731 (2019)
53Flag of the Comoros.svg  Comoros 1.4501,629.863
54Flag of Sao Tome and Principe.svg  São Tomé and Príncipe 0.8123,424.836
--Total2,795.3111,924.024

See also

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References

  1. 1 2 3 4 5 "Report for Selected Countries and Subjects". IMF. Retrieved 24 October 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.
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