Which country of Africa has the highest GDP?
Nigeria
Egypt’s GDP was worth 394 billion U.S. dollars and ranks as the second-highest on the continent….African countries with the highest Gross Domestic Product (GDP) in 2021 (in billion U.S. dollars)
Characteristic | GDP in billion U.S. dollars |
---|---|
Nigeria | 514.05 |
Egypt | 394.28 |
South Africa | 329.53 |
Algeria | 151.46 |
What country has the highest GDP in 2010?
United States
Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates….GDP (constant 2010 US$) – Country Ranking.
Rank | 1 |
---|---|
Country | United States |
Value | 19,294,500,000,000.00 |
Year | 2020 |
What three African countries have the highest GDP?
In nominal terms, Nigeria is the largest economy in Africa, followed by South Africa and Egypt. These three together account for almost half of the African economy.
What are the top 5 countries located in Africa according to GDP?
Top 10 Richest African Countries by Overall GDP (INT$ at PPP — International Monetary Fund 2021)
- Egypt – $1.38 trillion.
- Nigeria – $1.14 trillion.
- South Africa – $861.93 billion.
- Algeria – $532.57 billion.
- Morocco – $302.77 billion.
- Ethiopia – $298.57 billion.
- Kenya – $269.29 billion.
- Angola – $217.97 billion.
Which country has the best economy in Africa 2022?
Egypt wins out as the richest country in Africa for 2022. With 104 million people, Egypt is Africa’s third-most populous country. Egypt is also a mixed economy strong in tourism, agriculture, and fossil fuels, with an emerging information and communications technology sector.
Which countries were the richest from 2000 2010?
2000 – 2010 – Rise of Developing and Emerging Economies
Rank | Country | Share of Contribution to Global GDP Growth |
---|---|---|
— | World | 100.0% |
— | European Union | 25.0% |
1 | China | 14.9% |
2 | United States | 14.6% |
Which African country is fast developing?
Botswana. Botswana is one of fastest-growing economies in Africa and is set to continue making strides with expected economic growth of 9.7% in 2021. The government has further forecast 4.3% growth in GDP in 2022, according to its budget strategy document.
Why is Nigeria’s GDP so high?
Nigeria has the largest economy in Africa. The country’s re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the region of West Africa. In addition, the debt-to-GDP ratio was 16.075% as of 2019.
Which African economy is best?
List of African countries by GDP (nominal)
Rank | Country | Nominal GDP (Billion US$) |
---|---|---|
1 | Nigeria | 517.588 |
2 | Egypt | 435.621 |
3 | South Africa | 426.166 |
4 | Algeria | 193.601 |
What are the 5 fastest growing economies in Africa?
Africa’s fastest-growing economies in 2022: Forecasts for Kenya, Nigeria, Ghana and more
- Seychelles. 2022: 7.7% 2023: 6.8%
- Rwanda. 2022: 7.0% 2023: 8.1%
- Mauritius. 2022: 6.7% 2023: 4.0%
- Niger. 2022: 6.6% 2023: 10.4%
- Benin. 2022: 6.5% 2023: 6.5%
- Cabo Verde. 2022: 6.5% 2023: 6.1%
- South Sudan. 2022: 6.5%
- Côte d’Ivoire. 2022: 6.5%
What are Africa’s 6 fastest-growing economies?
Leading data and analytics company GlobalData notes that the fastest-growing economies in the region will be Morocco, Kenya, Ghana, Egypt and South Africa, which are all forecast to register above 4% real GDP growth in 2021.
What are the 3 lowest GDP countries?
In 2020, Burundi reported the lowest per-capita GDP ever, closely-followed by South Sudan and Somalia. All three countries struggle economically, because of poorly developed infrastructure and a low standard of living.