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In this article we are going to delve deeper into the topic of List of African countries by GDP (nominal) and explore its various facets and applications. List of African countries by GDP (nominal) is a topic that has captured the interest of many people in recent years, and its relevance continues to constantly increase. From its origins to its impact on today's society, List of African countries by GDP (nominal) has been the subject of debate and analysis in different fields and disciplines. In this article, we will analyze the different aspects of List of African countries by GDP (nominal) and its influence in areas such as technology, culture, economics and politics. Additionally, we will examine how List of African countries by GDP (nominal) has evolved over time and its projection into the future.
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. 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.
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. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.
The 2024 estimates are as follows:
Rank | Country | Nominal GDP (Billion US$) |
Per Capita (US$) |
---|---|---|---|
1 | South Africa | 373.233 | 5,974.912 |
2 | Egypt | 347.594 | 3,224.868 |
3 | Algeria | 266.780 | 5,721.678 |
4 | Nigeria | 252.738 | 1,109.899 |
5 | Ethiopia | 205.130 | 1,909.984 |
6 | Morocco | 152.377 | 4,077.525 |
7 | Kenya | 104.001 | 1,983.099 |
8 | Angola | 92.123 | 2,431.580 |
9 | Côte d'Ivoire | 86.911 | 2,717.404 |
10 | Tanzania | 79.605 | 1,220.356 |
11 | Ghana | 75.244 | 2,229.904 |
12 | Democratic Republic of the Congo | 73.761 | 714.763 |
13 | Uganda | 56.310 | 1,201.968 |
14 | Tunisia | 54.708 | 4,435.001 |
15 | Cameroon | 53.205 | 1,814.944 |
16 | Libya | 48.221 | 6,975.330 |
17 | Senegal | 35.450 | 1,899.731 |
18 | Zimbabwe | 34.405 | 2,087.614 |
19 | Zambia | 29.872 | 1,413.421 |
20 | Sudan | 26.865 | 546.707 |
21 | Guinea | 25.447 | 1,650.556 |
22 | Mozambique | 22.975 | 659.095 |
23 | Burkina Faso | 21.902 | 910.210 |
24 | Mali | 21.662 | 898.817 |
25 | Botswana | 21.418 | 7,875.313 |
26 | Benin | 21.371 | 1,512.242 |
27 | Gabon | 21.013 | 9,307.875 |
28 | Niger | 18.816 | 670.104 |
29 | Chad | 18.697 | 1,014.082 |
30 | Madagascar | 16.465 | 538.176 |
31 | Mauritius | 16.359 | 12,973.298 |
32 | Republic of Congo | 15.501 | 2,456.868 |
33 | Rwanda | 13.701 | 988.740 |
34 | Somalia | 12.804 | 775.944 |
35 | Namibia | 12.765 | 4,745.256 |
36 | Malawi | 11.241 | 480.727 |
37 | Equatorial Guinea | 10.708 | 6,733.327 |
38 | Mauritania | 10.628 | 2,346.945 |
39 | Togo | 9.832 | 1,058.319 |
40 | South Sudan | 6.517 | 421.857 |
41 | Eswatini | 5.085 | 4,323.957 |
42 | Liberia | 4.754 | 854.852 |
43 | Sierra Leone | 4.558 | 526.587 |
44 | Djibouti | 4.364 | 4,183.970 |
45 | Burundi | 3.075 | 230.044 |
46 | Central African Republic | 2.810 | 537.601 |
47 | Cabo Verde | 2.718 | 4,655.649 |
48 | The Gambia | 2.694 | 989.170 |
49 | Lesotho | 2.395 | 1,107.084 |
50 | Seychelles | 2.203 | 21,875.075 |
51 | Guinea-Bissau | 2.151 | 1,087.487 |
52 | Eritrea | 1.982 (2019) | 566.731 (2019) |
53 | Comoros | 1.422 | 1,384.485 |
54 | São Tomé and Príncipe | 0.751 | 3,167.295 |
-- | Total | 2,819.317 | 1,942.307 |