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. 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. [1] 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. [2]

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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. [3] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [4]

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 2023 estimates are as follows: [5]

GDP (Nominal) of Africa 2023

   Ivory Coast (6.5%)
   Angola (6.1%)
   South Africa (4.9%)
   Kenya (4.2%)
   Ethiopia (6.2%)
   Morocco (3.5%)
   Kenya (4.2%)
   Angola (6.1%)
   Tanzania (5.6%)
   Ivory Coast (6.5%)
  Other Countries (%)
RankCountry Nominal GDP
(Billion US$) [6] [7] 		Per Capita
(US$) [6] [7]
1Flag of Egypt.svg  Egypt 398.3973,770.133
2Flag of Nigeria.svg  Nigeria 390.0021,755.326
3Flag of South Africa.svg  South Africa 380.9066,190.742
4Flag of Algeria.svg  Algeria 224.1074,874.706
5Flag of Ethiopia.svg  Ethiopia 155.8041,473.360
6Flag of Morocco.svg  Morocco 147.3433,979.871
7Flag of Kenya.svg  Kenya 112.7492,188.000
8Flag of Angola.svg  Angola 93.7962,550.001
9Flag of Tanzania.svg  Tanzania 84.0331,326.634
10Flag of Cote d'Ivoire.svg  Ivory Coast 79.4302,728.079
11Flag of Ghana.svg  Ghana 76.6282,328.970
12Flag of the Democratic Republic of the Congo.svg  Democratic Republic of the Congo 67.512675.477
13Flag of Uganda.svg  Uganda 52.3901,163.034
14Flag of Tunisia.svg  Tunisia 51.2714,190.603
15Flag of Cameroon.svg  Cameroon 49.2621,721.954
16Flag of Zimbabwe.svg  Zimbabwe 41.4242,005.875
17Flag of Libya.svg  Libya 40.1945,872.222
18Flag of Senegal.svg  Senegal 31.1411,714.653
19Flag of Zambia.svg  Zambia 29.5361,435.890
20Flag of Sudan.svg  Sudan 25.569533.845
21Flag of Guinea.svg  Guinea 23.2051,542.757
22Flag of Mozambique.svg  Mozambique 21.936647.135
23Flag of Mali.svg  Mali 21.309912.643
24Flag of Burkina Faso.svg  Burkina Faso 20.785888.029
25Flag of Botswana.svg  Botswana 20.7567,758.371
26Flag of Benin.svg  Benin 19.9401,449.112
27´Flag of Gabon.svg  Gabon 19.3198,831.823
28´Flag of Niger.svg  Niger 17.073630.800
29´Flag of Madagascar.svg  Madagascar 15.763529.560
30*Flag of Mauritius.svg  Mauritius 14.81911,751.506
31´ Flag of the Republic of the Congo.svg Republic of Congo 14.4072,857.614
32Flag of Rwanda.svg  Rwanda 13.9271,031.692
33Flag of Malawi.svg  Malawi 13.176579.701
34Flag of Namibia.svg  Namibia 12.6474,785.679
35Flag of Chad.svg  Chad 12.596702.845
36´Flag of Somalia.svg  Somalia 11.515717.406
37Flag of Mauritania.svg  Mauritania 10.3572,337.914
38’Flag of Equatorial Guinea.svg  Equatorial Guinea 10.0416,502.187
39´Flag of Togo.svg  Togo 9.1111,004.466
40´Flag of South Sudan.svg  South Sudan 6.267417.438
41Flag of Liberia.svg  Liberia 4.347800.213
42´Flag of Djibouti.svg  Djibouti 3.8733,761.241
43Flag of Sierra Leone.svg  Sierra Leone 3.519414.962
44*Flag of Burundi.svg  Burundi 3.190245.811
45´Flag of the Central African Republic.svg  Central African Republic 2.760539.240
45*Flag of Cape Verde.svg  Cape Verde 2.5984,502.784
46´Flag of The Gambia.svg  The Gambia 2.388903.293
47*Flag of Seychelles.svg  Seychelles 2.08520,889.545
48´Flag of Guinea-Bissau.svg  Guinea-Bissau 1.9911,028.223
49´Flag of Eritrea.svg  Eritrea 1.982 (2019) [8] 566.731 (2019) [8]
51*Flag of the Comoros.svg  Comoros 1.3641,377.022
--Total2,869.2352,029.242

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References

  1. ↑ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com . IAC/InterActiveCorp . Retrieved 31 May 2014.
  2. ↑ 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.
  3. ↑ Callen, Tim (28 March 2012). "Purchasing Power Parity: Weights Matter". Finance & Development . International Monetary Fund . Retrieved 30 May 2014.
  4. ↑ Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development . International Monetary Fund . Retrieved 31 May 2014.
  5. ↑ "Report for Selected Countries and Subjects". IMF. Retrieved 12 October 2023.
  6. 1 2 "World Economic Outlook database SSA: April 2022 Nominal GDP". imf.org.
  7. 1 2 "World Economic Outlook database NA: April 2022 Nominal GDP". imf.org.
  8. 1 2 "Report for Selected Countries and Subjects". IMF. Retrieved 12 October 2023.

See also

References

    See also

    References

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