List of African countries by GDP (nominal)

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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 by nominal GDP estimates based on 2013 data from the World Economic Outlook by 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] Therefore these figures should be used with caution.

Some countries/regions may have citizens which 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.[4]

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]

List[edit]

Region
Rank
World
Rank
Country
2013 GDP (nominal)
millions of International dollars
Africa 2,263,744
1 26  Nigeria 522,470
2 34  South Africa 350,779
3 41  Egypt 271,427
4 50  Algeria 211,906
5 60  Angola 121,704
6 61  Morocco 105,101
7 67  Sudan 70,127
8 68  Libya 67,622
9 79  Ethiopia 48,145
10 81  Tunisia 47,439
11 85  Kenya 45,082
12 83  Ghana 44,223
13 94  Tanzania 34,238
13 94  Democratic Republic of the Congo 30,639
14 98  Cameroon 27,957
15 97  Ivory Coast 28,288
16 102  Uganda 23,053
17 103  Zambia 22,416
18 107  Gabon 19,228
19 114  Equatorial Guinea 15,574
20 115  Mozambique 15,329
21 116  Senegal 15,154
22 117  Botswana 14,837
23 120  Republic of the Congo 13,781
24 122  Chad 13,411
25 123  Zimbabwe 12,951
26 125  Namibia 12,318
27 126  Burkina Faso 12,247
28 127  Mauritius 11,930
29 130  Madagascar 11,210
30 131  Mali 11,070
31 139  Benin 8,310
32 141  Rwanda 7,431
33 142  Niger 7,359
34 145  Guinea 6,282
35 150  Togo 4,360
36 154  Malawi 3,814
37 152  Mauritania 4,187
38 155  Swaziland 3,620
39 156  Eritrea 3,444
40 158  Burundi 2,723
41 159  Lesotho 2,276
42 162  Liberia 1,933
43 163  Cape Verde 1,920
44 166  Central African Republic 1,538
45 167  Djibouti 1,457
46 168  Seychelles 1,398
47 172  The Gambia 850
48 173  Guinea-Bissau 845
49 179  Comoros 652
50 183  São Tomé and Príncipe 308

See also[edit]

References[edit]

  1. ^ "Report for Selected Countries and Subjects". World Economic Outlook. International Monetary Fund. April 2014. Retrieved 31 May 2014. 
  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". Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 1 June 2014. 
  4. ^ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 30 May 2014. 
  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.