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. 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]

Some countries may have citizens that are on average wealthy. These countries/regions could appear in this list as having a small GDP. This would be because the country/region listed has a small population, and therefore small total economy; the GDP is calculated as the population times market value of the goods and services produced per person in the country.[3][4]

These figures should therefore be used with caution.

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.[5] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.[6]

Map of Africa by 2020 nominal GDP (billions USD):
  >200
  100–200
  50–100
  20–50
  10–20
  5–10
  1–5
  <1
Map of Africa by 2020 nominal GDP per capita (USD)

The 2021 estimates are as follows:[7][8][9][10]

GDP (Nominal) of Africa 2021

  Nigeria (17.84%)
  Egypt (16.42%)
  South Africa (14.32%)
  Algeria (6.08%)
  Morocco (4.68%)
  Kenya (4.07%)
  Ethiopia (3.45%)
  Ghana (2.80%)
  Angola (2.61%)
  Tanzania (2.57%)
  Other Countries (25.76%)
Rank Country Nominal GDP
(billions US$) 		Nominal GDP

per capita (US$)

1  Nigeria 480.48 2,272.84
2  South Africa 415.32 6,102.17
3  Egypt 396.33 3,974.75
4  Algeria 163.81 3,638.33
5  Morocco 126.04 3,470.80
6  Kenya 109.49 2,198.59
7  Ethiopia 92.76 939.51
8  Ghana 75.49 2,413.10
9  Angola 70.34 2,200.68
10  Tanzania 69.24 1,159.19
11  Ivory Coast 68.84 2,489.10
12  Democratic Republic of the Congo 54.83 593.56
13  Cameroon 44.81 1,645.81
14  Uganda 43.24 1,018.44
15  Tunisia 42.73 3,555.59
16  Sudan 35.92 789.45
17  Senegal 27.58 1,602.90
18  Libya 27.30 4,068.61
19  Zimbabwe 25.79 1,664.76
20  Zambia 21.70 1,115.27
21  Burkina Faso 19.93 926.20
22  Mali 19.56 966.14
23  Gabon 18.29 8,569.22
24  Benin 18.07 1,446.83
25  Botswana 17.61 7,349.88
26  Guinea 16.72 1,168.18
27  Mozambique 15.83 429.27
28  Niger 15.64 622.23
29  Madagascar 14.10 498.68
30 Republic of the Congo Republic of Congo 12.74 2,655.72
31  Equatorial Guinea 12.53 8,625.76
32  Chad 12.35 729.84
33  Namibia 12.21 4,693.46
34  Malawi 12.15 565.80
35  Mauritius 11.00 8,681.61
36  Rwanda 10.40 802.26
37  Mauritania 9.16 2,161.28
38  Togo 8.49 1,000.44
39  Somalia 5.42 350.36
40  Eswatini 4.52 3,965.43
41  Sierra Leone 4.41 541.06
42  Djibouti 3.65 3,654.5
43  Liberia 3.38 703.41
44  South Sudan 3.26 230.13
45  Burundi 3.19 261.05
46  Central African Republic 2.59 525.91
47  Lesotho 2.48 1,187.51
48  Eritrea 2.25 625.97
49  The Gambia 2.04 746.33
50  Cape Verde 1.89 3,346.55
51  Guinea-Bissau 1.59 858.04
52  Seychelles 1.29 13,140.37
53  Comoros 1.28 1,390.06
54  São Tomé and Príncipe 0.53 2,392.89
-- Total 2,692.59 2,469.66

See also[]

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. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 30 May 2014.
  4. ^ "GDP rankings in Africa". visafrican. Visafrican.com. 23 July 2016. Retrieved 23 July 2016.
  5. ^ Callen, Tim (28 March 2012). "Purchasing Power Parity: Weights Matter". Finance & Development. International Monetary Fund. Retrieved 30 May 2014.
  6. ^ Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Retrieved 31 May 2014.
  7. ^ IMF World Economic Outlook (WEO),October 2021
  8. ^ "IMF World Economic Outlook (WEO), October 2016".
  9. ^ "Egypt—IMF Executive Board Completes Fourth Review under the Extended Fund Facility (EFF), February 2019".
  10. ^ International Monetary Fund (2021-10-12). "World Economic Outlook Database, October 2021". www.imf.org. Retrieved 2021-10-15.
Retrieved from ""