Top Ten Economies in Africa (Including Africa as a Whole)

Top Ten Economies in Africa (Including Africa as a Whole)

Africa (Total):

  • GDP: Approximately $2.6 trillion (as of 2022).
  • Growth Rate: Estimated at 3.4% in 2022.

Nigeria:

  • GDP: Around $514 billion (as of 2022).
  • Growth Rate: Approximately 2.5% in 2022.

South Africa:

  • GDP: Close to $415 billion (as of 2022).
  • Growth Rate: Estimated at 1.9% in 2022.

Egypt:

  • GDP: Roughly $394 billion (as of 2022).
  • Growth Rate: Around 3.3% in 2022.

Algeria:

  • GDP: About $163 billion (as of 2022).
  • Growth Rate: Estimated at 2.3% in 2022.

Morocco:

  • GDP: Approximately $124 billion (as of 2022).
  • Growth Rate: Around 3.1% in 2022.

Kenya:

  • GDP: Close to $110 billion (as of 2022).
  • Growth Rate: Estimated at 5.9% in 2022.

Ethiopia:

  • GDP: Roughly $96 billion (as of 2022).
  • Growth Rate: Around 6.3% in 2022, one of the fastest-growing.

Ghana:

  • GDP: About $74 billion (as of 2022).
  • Growth Rate: Estimated at 4.5% in 2022.

Ivory Coast (Côte d'Ivoire):

  • GDP: Approximately $70 billion (as of 2022).
  • Growth Rate: Around 6.0% in 2022.

Angola:

  • GDP: Close to $66 billion (as of 2022).
  • Growth Rate: Estimated at 0.7% in 2022.

Key Observations:

  • Diverse Growth Rates: The growth rates vary significantly, with countries like Ethiopia and Ivory Coast showing robust growth, while others like Angola exhibit more modest growth.
  • Economic Size vs. Growth: Nigeria, despite being the largest economy, doesn't have the highest growth rate, indicating that size doesn't always correlate with rapid economic expansion.
  • Sectoral Influence: The economic structures of these countries vary, with some relying heavily on natural resources (like Nigeria and Angola) and others on diversified sectors (like Kenya and Morocco).

This list provides a snapshot of the economic landscape in Africa, highlighting the diversity and dynamism of its economies. It's important to note that these figures are subject to change due to various factors, including global economic conditions, internal policies, and investment climates.