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Economy of East Africa

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The economy of East Africa is characterized by diverse sectors, with agriculture playing a pivotal role, employing the majority of the population and contributing significantly to GDP. Key crops include coffee, tea, and horticultural products. East Africa is the fastest growing region in Africa.[1] The region has also seen rapid growth in tourism with Tanzania and Kenya pioneering tourism due to safari parks. Its industry levels are still growing.

Gross domestic product

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Ethiopia and Kenya boasts the highest GDP in East Africa while the Seychelles has the lowest. The total combined GDP of East Africa is $603 billion.

East African Countries by GDP
No. Country and Flag GDP (in billions USD)
1 Ethiopia 205.13
2 Kenya 104.00
3 Tanzania 79.61
4 Uganda 56.31
5 Zambia 29.87
6 Sudan 26.87
7 Mozambique 22.38
8 Madagascar 16.47
9 Mauritius 16.36
10 Rwanda 13.70
11 Somalia 12.80
12 Malawi 11.24
13 Zimbabwe 34.41
14 Djibouti 4.36
15 Burundi 3.08
16 Seychelles 2.20
17 South Sudan 6.52
18 Eritrea No Data
19 East Africa TOTAL 603.49

Source:[2]

Real GDP growth

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East African Countries by Real GDP Growth
No. Country and Flag Real GDP Growth (in billions USD)
1 Djibouti 6.5
2 Ethiopia 6.2
3 South Sudan 5.6
4 Uganda 5.6
5 Tanzania 5.5
6 Kenya 5.0
7 Mozambique 5.0
8 Mauritius 4.9
9 Madagascar 4.5
10 Burundi 4.3
11 Somalia 3.7
12 Comoros 3.5
13 Malawi 3.3
14 Seychelles 3.2
15 Eritrea No data
16 Sudan -4.2

Source:[3]

References

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  1. ^ "Fastest growing region in africa". 2024.
  2. ^ "East Africa by gdp". 2024.
  3. ^ "Real gdp growth". 2024.