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] As of 2024 South Africa pioneers leading the way forward as the economic engine of Africa as is illustrated in the data below:

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 (5.3%)
   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 373.233 [1] 6,451
2Flag of Egypt.svg  Egypt 347.5943,225
3Flag of Algeria.svg  Algeria 266.7805,722
4Flag of Nigeria.svg  Nigeria 252.7381,110
5Flag of Ethiopia.svg  Ethiopia 205.1301,910
6Flag of Morocco.svg  Morocco 152.3774,078
7Flag of Kenya.svg  Kenya 104.0011,983
8Flag of Angola.svg  Angola 92.1232,432
9Flag of Cote d'Ivoire.svg  Côte d'Ivoire 86.9112,717
10Flag of Tanzania.svg  Tanzania 79.6051,220
11Flag of Ghana.svg  Ghana 75.2442,230
12Flag of the Democratic Republic of the Congo.svg  Democratic Republic of the Congo 73.761715
13Flag of Uganda.svg  Uganda 56.3101,202
14Flag of Tunisia.svg  Tunisia 54.7084,435
15Flag of Cameroon.svg  Cameroon 53.2051,815
16Flag of Libya.svg  Libya 48.2216,975
17Flag of Senegal.svg  Senegal 35.4501,900
18Flag of Zimbabwe.svg  Zimbabwe 34.4052,088
19Flag of Zambia.svg  Zambia 29.8721,413
20Flag of Sudan.svg  Sudan 26.865547
21Flag of Guinea.svg  Guinea 25.4471,651
22Flag of Somalia.svg  Somalia 24.776776
23Flag of Mozambique.svg  Mozambique 22.975659
24Flag of Burkina Faso.svg  Burkina Faso 21.902910
25Flag of Mali.svg  Mali 21.662899
26Flag of Botswana.svg  Botswana 21.4187,875
27Flag of Benin.svg  Benin 21.3711,512
28Flag of Gabon.svg  Gabon 21.0139,308
29Flag of Niger.svg  Niger 18.816670
30Flag of Chad.svg  Chad 18.6971,014
31Flag of Madagascar.svg  Madagascar 16.465538
32Flag of Mauritius.svg  Mauritius 16.35912,973
33Flag of the Republic of the Congo.svg  Republic of Congo 15.5012,457
34Flag of Rwanda.svg  Rwanda 13.701989
35Flag of Namibia.svg  Namibia 12.7654,745
36Flag of Malawi.svg  Malawi 11.241481
37Flag of Equatorial Guinea.svg  Equatorial Guinea 10.7086,733
38Flag of Mauritania.svg  Mauritania 10.6282,347
39Flag of Togo.svg  Togo 9.8321,058
40Flag of South Sudan.svg  South Sudan 6.517422
41Flag of Eswatini.svg  Eswatini 5.0854,324
42Flag of Liberia.svg  Liberia 4.754855
43Flag of Sierra Leone.svg  Sierra Leone 4.558527
44Flag of Djibouti.svg  Djibouti 4.3644,184
45Flag of Burundi.svg  Burundi 3.075230
46Flag of the Central African Republic.svg  Central African Republic 2.810538
47Flag of Cape Verde.svg  Cabo Verde 2.7184,656
48Flag of The Gambia.svg  The Gambia 2.694989
49Flag of Lesotho.svg  Lesotho 2.3951,107
50Flag of Seychelles.svg  Seychelles 2.20321,875
51Flag of Guinea-Bissau.svg  Guinea-Bissau 2.1511,087
52Flag of Eritrea.svg  Eritrea 1.982 (2019)567 (2019)
53Flag of the Comoros.svg  Comoros 1.4221,384
54Flag of Sao Tome and Principe.svg  São Tomé and Príncipe 0.7513,167
--Total2,819.3171,942.307

See also

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References

  1. 1 2 3 4 5 6 "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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