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 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]

List[edit]

Top 12 countries in Africa by nominal GDP, in 2017
Map of Africa by 2008 nominal GDP (billions USD):
  above 200
  100-200
  50-100
  20-50
  10-20
  5-10
  1-5
  below 1
Map of Africa by 2002 nominal GDP per capita (USD)

The 2017 estimates are as follows:[7][8]

2017 Rank Country Nominal GDP
($ billions)
Nominal GDP

per capita (US$)

Notes
1  Nigeria 376.284 1,994.235
2  South Africa 349.299 6,179.870
3  Egypt 237.037 2,500.772
4  Algeria 178.287 4,292.272
5  Angola 124.209 4,407.657
6  Sudan 119.00 1,428.000 [9]
7  Morocco 109.824 3,151.145
8  Ethiopia 87.303 972.39
9  Kenya 79.511 1,701.550 [10]
10  Tanzania 51.725 1,033.567
11  Ghana 47.032 1,663.190
12  Democratic Republic of the Congo 41.441 478.237
13  Ivory Coast 40.360 1,616.981
14  Tunisia 40.275 3,496.286
15  Cameroon 34.006 1,400.743
16  Libya 31.331 4,858.672
17  Uganda 26.349 699.410
18  Zambia 25.504 1,479.542
19  Zimbabwe 17.491 1,175.723
20  Botswana 17.168 7,876.997
21  Senegal 16.463 1,038.094
22  Mali 15.318 810.771
23  Gabon 15.206 7,971.589
24  Namibia 12.687 5,413.508
25  Mozambique 12.681 429.296
26  Burkina Faso 12.569 663.806
27  Mauritius 12.428 9,794.102
28  Madagascar 11.463 447.558
29  Equatorial Guinea 10.725 12,726.956
30  Chad 9.872 810.163
31  Guinea 9.721 749.463
32  Benin 9.238 830.404
33  Rwanda 9.137 771.702
34  Congo 8.513 1,958.174
35  Niger 8.253 439.997
36  Somalia 7.382 547.32
37  Malawi 6.206 323.740
38  Eritrea 5.813 979.692
39  Mauritania 5.116 1,317.938
40  Togo 4.767 611.133
41  Swaziland 4.491 3,914.821
42  Sierra Leone 3.641 491.448
43  Burundi 3.396 312.463
44  Liberia 3.285 729.292
45  South Sudan 2.870 228.034
46  Lesotho 2.768 1,425.310
47  Djibouti 2.029 1,988.765
48  Central African Republic 1.928 386.806
49  Cape Verde 1.741 3,237.597
50  Seychelles 1.482 15,685.955
51  Guinea-Bissau 1.350 794.107
52  The Gambia 1.009 480.040
53  Comoros 0.652 787.831
54  São Tomé and Príncipe 0.379 1,785.280
-- Total 2,191.104

See also[edit]

References[edit]

  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), April 2018 [1] [2]
  8. ^ "IMF World Economic Outlook (WEO), October 2016". 
  9. ^ "The World Factbook - Sudan". cia. May 5, 2018. 
  10. ^ "Kenya's economy increases by a quarter to join Africa's top 10". Reuters. 30 September 2014. Retrieved 23 December 2014.