List of African countries by GDP (nominal)

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):

  >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%)

Rank	Country	Nominal GDP (Million US$) [1]	Population	Per Capita (US$) [1]
1	South Africa	403,045	63,212,384	6,376
2	Egypt	380,044	114,535,772	3,318
3	Algeria	260,134	46,164,219	5,635
4	Ethiopia	230,021	128,691,692	1,787
6	Morocco	157,087	37,712,505	4,165
5	Nigeria	199,721	227,882,945	876
7	Kenya	116,321	55,339,003	2,102
8	Angola	113,286	36,749,906	3,083
9	Côte d'Ivoire	86,993	31,165,654	2,791
10	Tanzania	79,867	66,617,606	1,199
11	Ghana	75,307	33,787,914	2,229
12	Democratic Republic of the Congo	72,483	105,789,731	685
13	Uganda	55,587	48,656,601	1,142
14	Cameroon	53,391	28,372,687	1,882
15	Tunisia	52,636	12,200,431	4,314
16	Libya	44,812	7,305,659	6,134
17	Zimbabwe	35,919	16,340,822	2,198
18	Senegal	33,685	18,077,573	1,863
19	Sudan	29,793	50,042,791	595
20	Zambia	25,913	20,723,965	1,250
21	Guinea	25,474	14,405,465	1,768
22	Mozambique	22,495	33,635,160	669
23	Burkina Faso	21,858	23,025,776	949
24	Mali	21,653	23,769,127	911
25	Benin	21,322	14,111,034	1,511
26	Gabon	20,897	2,484,789	8,410
27	Botswana	19,966	2,480,244	8,050
28	Niger	19,599	26,159,867	749
29	Chad	18,670	19,319,064	966
30	Madagascar	17,212	31,195,932	552
31	Mauritius	15,890	1,273,588	12,477
32	Republic of Congo	15,044	6,182,885	2,433
33	Rwanda	13,663	13,954,471	979
34	Namibia	13,185	2,963,095	4,450
35	Equatorial Guinea	12,884	1,847,549	6,974
36	Somalia	12,729	18,358,615	693
37	Malawi	10,844	21,104,482	514
38	Mauritania	10,761	5,022,441	2,143
39	Togo	9,766	9,304,337	1,050
40	Sierra Leone	7,411	8,460,512	876
41	South Sudan	5,268	11,483,374	459
42	Eswatini	5,145	1,230,506	4,181
43	Liberia	4,756	5,493,031	866
44	Djibouti	4,334	1,152,944	3,759
45	Burundi	4,285	13,689,450	313
46	Central African Republic	2,823	5,152,421	548
47	Cabo Verde	2,756	522,331	5,276
48	The Gambia	2,693	2,697,845	998
49	Lesotho	2,297	2,311,472	994
50	Guinea-Bissau	2,188	2,153,339	1,016
51	Seychelles	2,144	127,951	16,756
52	Eritrea	1,982	3,470,390	571
53	Comoros	1,450	850,387	1,705
54	São Tomé and Príncipe	812	230,871	3,517
--	Total	$ 2,880,301	1,480,770,525	$ 1,924

See also

• Africa portal

• List of African countries by GDP (PPP)
• List of African countries by Human Development Index
• Economy of Africa

References

1. "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.