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]

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 2016 estimates are as follows:[7][8]

2016 Rank Country Nominal GDP
($ billions)
Nominal GDP

per capita (US$)

Notes
1  Nigeria 537.966 2,929.525
2  Egypt 330.765 3,740.249 2015 data[7]
3  South Africa 266.213 4,768.235
4  Algeria 165.974 4,082.572
5  Morocco 108.096 3,195.564
6  Sudan 93.729 2,366.970
7  Angola 81.497 3,150.476
8  Ethiopia 67.435 739.444
9  Kenya 64.688 1,422.411 [9]
10  Tanzania 45.899 943.797
11  Tunisia 43.989 3,919.332
12  Democratic Republic of the Congo 41.207 489.796
13  Libya 39.315 6,157.797
14  Ghana 38.171 1,384.354
15  Ivory Coast 34.668 1,425.056
16  Cameroon 30.296 1,279.103
17  Uganda 24.995 608.353
18  Zambia 19.117 1,143.550
19  Zimbabwe 14.659 1,081.531
20  Senegal 14.572 945.863
21  Mali 14.198 844.274
22  Gabon 14.166 7,530.435
23  Botswana 12.701 5,896.556
24  Mozambique 12.505 434.930
25  Burkina Faso 11.872 644.502
26  Mauritius 11.865 9,421.541
27  Namibia 11.210 5,005.166
28  Chad 10.096 851.640
29  Madagascar 9.524 382.241
30  Benin 9.062 814.360
31  Rwanda 8.490 732.463
32  Congo 8.364 1,875.265
33  Equatorial Guinea 7.884 9,604.286
34  Niger 7.510 412.797
35  Guinea 6.569 519.173
36  Eritrea 5.352 771.361
37  Malawi 5.347 286.981
38  Mauritania 4.541 1,197.121
39  Togo 4.405 586.301
40  Sierra Leone 4.095 635.892
41  Swaziland 3.391 2,611.777
42  South Sudan 3.074 245.901
43  Burundi 2.772 287.286
44  Liberia 2.106 478.681
45  Lesotho 1.766 911.775
46  Djibouti 1.903 1,917.576
47  Central African Republic 1.819 372.165
48  Cape Verde 1.625 3,057.916
49  Seychelles 1.427 15,400.056
50  Guinea-Bissau 1.136 624.671
51  The Gambia 0.886 435.452
52  Somalia 0.720 145.06 Unsourced by the IMF
52  Comoros 0.609 739.132
53  São Tomé and Príncipe 0.349 1,681.379
-- Total 2263.517

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 in Exchange 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. ^ a b IMF World Economic Outlook (WEO), October 2015 [1] [2]
  8. ^ "IMF World Economic Outlook (WEO), October 2016". 
  9. ^ "Kenya's economy increases by a quarter to join Africa's top 10". Reuters. 30 September 2014. Retrieved 23 December 2014.