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List of African countries by GDP (nominal)

From Wikipedia, the free encyclopedia

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
(Billion US$)[1]
Per Capita
(US$)[1]
1  South Africa 403.045 6,377.068
2  Egypt 380.044 3,541.750
3  Algeria 260.134 5,579.128
4  Nigeria 199.721 877.073
5  Morocco 157.087 4,203.553
6  Ethiopia 145.031 1,350.401
7  Kenya 116.321 2,218.025
8  Angola 113.286 2,961.340
9  Côte d'Ivoire 86.993 2,719.971
10  Tanzania 79.867 1,224.368
11  Ghana 75.307 2,231.793
12  Democratic Republic of the Congo 72.483 702.373
13  Uganda 55.587 1,186.529
14  Cameroon 53.391 1,821.317
15  Tunisia 52.636 4,266.985
16  Libya 44.812 6,482.099
17  Zimbabwe 35.919 2,113.811
18  Senegal 33.685 1,805.139
19  Sudan 29.793 606.289
20  Zambia 25.913 1,226.095
21  Guinea 25.474 1,652.312
22  Mozambique 22.495 645.329
23  Burkina Faso 21.858 908.372
24  Mali 21.653 898.460
25  Benin 21.322 1,510.188
26  Gabon 20.897 9,256.657
27  Botswana 19.966 7,341.129
28  Niger 19.599 697.974
29  Chad 18.670 1,012.651
30  Madagascar 17.212 562.585
31  Mauritius 15.890 12,601.486
32  Republic of Congo 15.044 2,384.399
33  Rwanda 13.663 985.990
34  Namibia 13.185 4,409.957
35  Equatorial Guinea 12.884 8,101.698
36  Somalia 12.729 771.447
37  Malawi 10.844 463.733
38  Mauritania 10.761 2,376.285
39  Togo 9.766 1,051.216
40  Sierra Leone 7.411 856.315
41  South Sudan 5.268 340.986
42  Eswatini 5.145 4,375.286
43  Liberia 4.756 855.186
44  Djibouti 4.334 4,154.792
45  Burundi 4.285 320.636
46  Central African Republic 2.823 529.492
47  Cabo Verde 2.756 5,388.164
48  The Gambia 2.693 988.881
49  Lesotho 2.297 1,061.813
50  Guinea-Bissau 2.188 1,106.242
51  Seychelles 2.144 21,289.801
52  Eritrea 1.982 (2019) 566.731 (2019)
53  Comoros 1.450 1,629.863
54  São Tomé and Príncipe 0.812 3,424.836
-- Total 2,795.311 1,924.024

See also

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References

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  1. ^ a b c d e "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.