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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 (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%)
African Countries by GDP (Billion USD)
Rank Name GDP (Billion USD)
1 South Africa 403.05
2 Egypt 380.04
3 Algeria 260.13
4 Nigeria 199.72
5 Morocco 157.09
6 Ethiopia 145.03
7 Kenya 116.32
8 Angola 113.29
9 Côte d'Ivoire 86.99
10 Tanzania 79.87
11 Ghana 75.31
12 Congo, Dem. Rep. of the 72.48
13 Uganda 55.59
14 Cameroon 53.39
15 Tunisia 52.64
16 Libya 44.81
17 Zimbabwe 35.92
18 Senegal 33.69
19 Sudan 29.79
20 Zambia 25.91
21 Guinea 25.47
22 Mozambique 22.50
23 Burkina Faso 21.86
24 Mali 21.65
25 Benin 21.32
26 Gabon 20.90
27 Botswana 19.97
28 Niger 19.60
29 Chad 18.67
30 Madagascar 17.21
31 Mauritius 15.89
32 Congo, Republic of 15.04
33 Rwanda 13.66
34 Namibia 13.19
35 Equatorial Guinea 12.88
36 Somalia 12.73
37 Malawi 10.84
38 Mauritania 10.76
39 Togo 9.77
40 Sierra Leone 7.41
41 South Sudan, Republic of 5.27
42 Eswatini 5.15
43 Liberia 4.76
44 Djibouti 4.33
45 Burundi 4.29
46 Central African Republic 2.82
47 Cabo Verde 2.76
48 Gambia, The 2.69
49 Lesotho 2.30
50 Eritrea 2.25
51 Guinea-Bissau 2.19
52 Seychelles 2.14
53 Comoros 1.45
54 São Tomé and Príncipe 0.81

See also

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References

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  1. ^ a b c "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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