In 2024, Niger's real GDP is estimated to grow by 10.4 percent compared to the previous year. During 2023, the GDP is estimated to have increased by only 1.4 percent, nevertheless a positive trend. The country's real GDP is forecast to continue growing but at a slower pace. Between 2025 and 2029, it is expected to grow annually by roughly six percent. Furthermore, the GDPs of Senegal, Libya, and Rwanda might increase by around 8.3 percent, 7.8 percent, and 6.9 percent during 2024, respectively. Niger: A dependence on agriculture A large portion of Niger's economy comes from agriculture. In 2022, agriculture accounted for almost 40 percent of the GDP. Niger is not the only country in Africa where agriculture plays a crucial role. For example, agriculture made up nearly 60 percent of Sierra Leone’s GDP in 2022. Such dependence could mean that any disruptions in the agricultural products market could have significant effects on the country's GDP. Sub-Saharan Africa's economy will be among the fastest-growing regions worldwide Three African countries have significantly larger economies, namely, Nigeria, South Africa, and Egypt. As of 2022, these countries' GDP stood at nearly 477.4 billion, 475.2 billion, and 405.7 billion U.S. dollars. Furthermore, it is anticipated that Sub-Saharan Africa's GDP growth in 2026 will rank as the second-fastest growing economic region in the world after the ASEAN-5 countries, with a growth rate of approximately four percent. In contrast, economic areas such as the European Union are forecast to grow at only about 1.5 percent in the same year.

This dataset provides values for GDP ANNUAL GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The real gross domestic product (GDP) of Niger is estimated to have grown by **** percent in 2022, which is the highest estimated growth rate across all African countries. In comparison, Libya's economy is estimated to have contracted by *** percent.

Kenya's Gross Domestic Product (GDP) was estimated to grow by *** percent in 2021. The country has the largest economy in East Africa. Tanzania, which is the secondmain economy in the region, might expand by **** percent in the same year. In its turn, the economic growth in Ethiopia was estimated at *** percent.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

As of 2023, the GDP of Africa was estimated at roughly 3.1 trillion U.S. dollars. This was the highest value since 2010 when the continent's GDP amounted to approximately 2.1 trillion U.S. dollars. The GDP value in Africa generally followed an upward trend in recent years and was estimated to exceed 4.2 trillion U.S. dollars by 2027.

Leading the charge: the three leading African economies

Among the African countries, in 2021, Nigeria had the highest GDP with approximately 442 billion U.S. dollars. South Africa and Egypt followed. These three countries have the largest economies for various reasons. The most notable factors are their population size, natural resources, and level of economic development. Furthermore, Africa was projected to have a real GDP growth rate of 3.9 percent in 2023. Libya was the economy experiencing the highest growth rate in that year.

The Sub-Saharan African economy on the rise

A global comparison showed that Sub-Saharan Africa had the smallest GDP among all world regions in 2021, amounting to 1.87 trillion U.S. dollars. A closer look revealed that Sub-Saharan Africa had a GDP per capita of 1,626.3 U.S. dollars in 2021, again the lowest worldwide. However, the region's economy was forecast to experience continued growth in the following years, with the real GDP increasing by 3.7 percent in 2023.

Ethiopia export data: Discover the rising African powerhouse, leading in coffee, textile, and oilseed trade. Be part of its growth story!

This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2024. In 2024, Guyana ranked 1st with an estimated GDP growth of approximately 43.57 percent compared to the previous year. GDP around the world Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2016, the United States is the nation in the world with the highest GDP with more than 18.56 trillion U.S. dollars, which makes up more than 15.7 percent of the global GDP. The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2016 was South Sudan, followed by Malawi, and Burundi. However, several economically struggling African and Asian countries such as Myanmar, Côte d'Ivoire, Bhutan, and India reported the highest growth of the gross domestic product in 2016. Also in the top 20 nations with the highest growth of the GDP is China. In 2016, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by 6 percent. Based on this estimate, GDP in China will be at around 14.6 trillion U.S. dollars by 2019.

The burden of animal disease is widespread globally and is especially severe for developing countries dependent on livestock production. Ethiopia has the largest livestock population in Africa and the second-largest human population on the continent. Ethiopia is one of the fastest-growing economies in Africa; however, much of the population still lives in extreme poverty, and most households depend on agriculture. Animal disease negatively affects domestic livestock production and limits growth potential across the domestic agricultural supply chain. This research investigates the economic effects of livestock disease burden in Ethiopia by employing a computable general equilibrium model in tandem with animal health loss estimates from a compartmental livestock population model. Two scenarios for disease burden are simulated to understand the effects of improved animal health on domestic production, prices, trade, gross domestic product (GDP), and economic welfare in Ethiopia. Results show that improved animal health may increase Ethiopian GDP by up to 3.6%, which improves national welfare by approximately $US 2.5 billion. This research illustrates the economic effects of improved livestock health, which is critical for Ethiopian households and the national economy.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Africa is home to fast growing economies with a young, growing population and rapid rates of urbanization along with very low rates of motorization. By 2035, the continent is expected to have the largest labour force potential in the world. The automotive and logistics sector holds a key position due to its sustainable value creation in supplier networks, assembly plants, distribution structures and pan-African trade relations and offers great potential for innovation, growth and jobs. The digital economy and sustainable mobility have particularly high development potential. Thus, the automotive sector is striving to become an engine for innovation, growth and jobs. The level of motorization in Africa is just 42 vehicles per 1,000 inhabitants, which is significantly below the global average of 182 per 1,000.

South Africa's GDP amounted to just over 418 billion U.S. dollars in 2025, the highest in Southern Africa. Zimbabwe ranked second, with a GDP worth around 37 billion U.S. dollars. Lesotho, on the other hand, ranked the lowest with a GDP of over 2.4 billion U.S. dollars.

Nighttime Lights Economic Indicators Market Outlook

According to our latest research, the Global Nighttime Lights Economic Indicators market size was valued at $2.1 billion in 2024 and is projected to reach $7.8 billion by 2033, expanding at a robust CAGR of 15.2% during 2024–2033. One of the primary drivers fueling this remarkable growth is the increasing reliance on real-time, objective data for economic analysis and urban development, especially as satellite and remote sensing technologies become more accessible and sophisticated. Nighttime lights data, derived from satellite and aerial imagery, has emerged as a crucial proxy for economic activity, infrastructure development, and disaster response, empowering governments, financial institutions, and urban planners to make more informed decisions in an ever-evolving global landscape.

Regional Outlook

North America currently holds the largest share of the Nighttime Lights Economic Indicators market, accounting for approximately 38% of the global value in 2024. This dominance is attributed to the region’s mature technological infrastructure, strong investment in satellite and remote sensing capabilities, and a well-established ecosystem of data analytics firms. The United States, in particular, benefits from robust federal and state-level initiatives supporting geospatial data utilization for urban planning, economic forecasting, and disaster management. The presence of major space agencies and private satellite operators further enhances data availability and quality, enabling a wide spectrum of end-users, from government agencies to financial institutions, to leverage nighttime lights as a reliable economic indicator. Additionally, North America's advanced regulatory frameworks and public-private partnerships have fostered a climate ripe for innovation and early adoption of cutting-edge geospatial analytics solutions.

The Asia Pacific region is anticipated to be the fastest-growing market for Nighttime Lights Economic Indicators, with a projected CAGR of 18.7% from 2024 to 2033. This acceleration is driven by rapid urbanization, burgeoning smart city initiatives, and significant investments in satellite and remote sensing technologies across countries such as China, India, and Japan. Governments and urban planners in the region are increasingly leveraging nighttime lights data to address challenges related to infrastructure development, population migration, and environmental monitoring. The proliferation of low-cost satellite launches and the expansion of national space programs have democratized access to high-resolution imagery, while regional collaborations and public-private partnerships are catalyzing the integration of geospatial analytics into mainstream economic planning. Furthermore, the Asia Pacific’s growing research community and technology startups are contributing to the development of innovative applications, further propelling market growth.

Emerging economies in Latin America, the Middle East, and Africa are gradually embracing Nighttime Lights Economic Indicators, although adoption is tempered by challenges such as limited technical expertise, data accessibility issues, and inconsistent regulatory support. Nevertheless, there is a growing recognition of the value that satellite-derived economic indicators can bring to addressing localized challenges such as informal settlements, disaster response, and resource allocation. In Africa, for instance, nighttime lights data is increasingly used to monitor electrification progress and urban expansion. Latin American countries are leveraging such indicators for disaster management and urban planning, particularly in regions prone to natural calamities. While these regions currently account for a smaller share of the global market, targeted policy reforms, international collaborations, and investments in capacity building are expected to accelerate adoption, bridging the gap between developed and developing markets.

Report Scope

The population in Africa was forecast to expand annually by an average of **** percent between 2020 and 2025. Over 20 countries might grow above this rate, with Niger leading by an annual population change of *** percent in the mentioned period. Angola was expected to follow, with an average population growth of **** percent annually. Overall, Africa has recorded a faster population growth compared to other world regions. The continent's population almost doubled in the last 25 years.

Ethiopia has one of the fastest growing economies in the world, and by 2025 Ethiopia aims to become the manufacturing hub of Africa. To maintain growth, the Ethiopian government heavily supports industrial development in different industry sectors. However, Ethiopia is still a developing, low-income country that has to overcome several barriers in order to attract foreign companies to become a middle-income country. Therefore, efficient intermodal transport is seen as one of the key contributors to facilitating export-led growth. This study seeks to map the current state of intermodal transport in Ethiopia by synthesizing a holistic picture of current challenges and to propose strategies for dealing with them. A moderated nominal group technique (NGT) exercise was applied among 38 experts from local manufacturing industries, domestic and international logistics services, academia, and associations as well as governmental and non-governmental institutions. Through the NGT process, the study condenses 19 challenges for intermodal transport in Ethiopia that are grouped into eight different clusters and assesses the importance of resolving those challenges in order to facilitate logistics performance. Moreover, strategies are proposed to improve the current state of intermodal transport and assessed according to their effectiveness and complexity. Consequently, recommendations and implications for four stakeholder groups are given: (1) governmental institutions; (2) non-governmental institutions; (3) foreign investors/manufacturers and local manufacturers; as well as (4) local and international logistics service providers.

Floating LNG Market Outlook

According to our latest research, the Global Floating LNG market size was valued at $18.7 billion in 2024 and is projected to reach $46.2 billion by 2033, expanding at a robust CAGR of 10.6% during the forecast period of 2025–2033. The primary driver for this impressive growth trajectory is the increasing demand for flexible and cost-effective LNG infrastructure, particularly in regions with limited access to traditional pipeline networks. Floating LNG (FLNG) solutions, which encompass both liquefaction and regasification technologies, are revolutionizing the way natural gas is processed, stored, and transported, enabling rapid deployment and minimizing the environmental footprint compared to onshore facilities. The market is further propelled by the global transition towards cleaner energy sources and the growing need for energy security, especially in emerging economies and island nations.

Regional Outlook

Asia Pacific currently commands the largest share of the Global Floating LNG market, accounting for over 40% of total market value in 2024. This dominance is underpinned by the region’s rapidly expanding energy demand, particularly in countries such as China, Japan, South Korea, and India. These nations are actively investing in FLNG projects to diversify energy sources, reduce reliance on coal, and meet stringent emission targets. The mature LNG import infrastructure, supportive government policies, and the presence of key industry players further strengthen Asia Pacific’s leadership. Notable projects such as the Prelude FLNG in Australia and several FSRU deployments in Southeast Asia exemplify the region’s commitment to leveraging floating LNG technologies for both offshore and onshore applications.

The Middle East & Africa region is projected to be the fastest-growing market for Floating LNG, with a forecasted CAGR exceeding 13% between 2025 and 2033. This rapid expansion is fueled by significant investments in gas monetization initiatives, particularly in countries like Qatar, Nigeria, and Mozambique. The abundance of stranded gas reserves, combined with a strategic push to develop export-oriented FLNG projects, is attracting substantial foreign direct investment and partnerships with leading global energy companies. The region’s focus on enhancing energy export capabilities and tapping into new markets is expected to drive sustained demand for both liquefaction and regasification vessels, positioning the Middle East & Africa as a key growth engine for the global market.

Emerging economies in Latin America and select parts of Africa face unique challenges in FLNG adoption, including regulatory uncertainties, financing constraints, and limited technical expertise. However, localized demand for reliable power generation and industrial usage is prompting governments and private stakeholders to explore modular and small-scale FLNG solutions. Policy reforms aimed at liberalizing energy markets, coupled with international support for infrastructure development, are gradually improving the investment climate. While market penetration remains modest compared to developed regions, the long-term outlook is positive as these economies continue to address barriers and leverage FLNG as a catalyst for economic growth and energy diversification.

Report Scope

The fastest growing city in Africa is Bujumbura, in Burundi. In 2020, this city had an estimated population of about one million. By 2035, the population of Bujumbura could increase by 123 percent and reach roughly 2.3 million people. Zinder, in Niger, had about half million inhabitants in 2020 and, with a growth rate of 118 percent, is Africa's second fastest growing city. In 2035, Zinder could have over one million residents.

As of 2021, the largest city in whole Africa is Lagos, in Nigeria. Other highly populated cities in Africa are Kinshasa, in Congo, Cairo, and Alexandria, both located in Egypt.

The Middle East and Africa corrugated packaging market, valued at $8.83 billion in 2025, is projected to experience steady growth, driven by the burgeoning e-commerce sector, increasing consumer spending on packaged goods, and a rising demand for sustainable packaging solutions within the region. The 2.28% CAGR indicates a moderate but consistent expansion throughout the forecast period (2025-2033). Key segments driving growth include food and beverage packaging, fueled by a growing population and changing dietary habits. The electric goods and personal care segments are also expected to contribute significantly, as these industries prioritize attractive and protective packaging for their products. Growth is further facilitated by the increasing adoption of innovative packaging technologies, such as eco-friendly materials and improved printing techniques, allowing brands to enhance their product presentation and appeal to environmentally conscious consumers. However, fluctuating raw material prices and potential economic uncertainties pose challenges to consistent market expansion. Competition within the industry is robust, with numerous established players and emerging companies vying for market share. The diverse range of packaging types offered, including slotted containers, die-cut containers, and five-panel folder boxes, caters to a wide array of product needs and preferences. Significant opportunities exist for businesses specializing in sustainable and customized corrugated packaging solutions. Companies are increasingly focused on meeting the growing demand for eco-friendly options, such as recycled and biodegradable materials, which aligns with global sustainability initiatives. Furthermore, the trend towards personalized and branded packaging offers substantial potential for differentiation and increased market penetration. The regional distribution of the market is largely influenced by the economic development and industrial growth of individual countries within the Middle East and Africa. Saudi Arabia and the UAE are expected to remain dominant markets due to their robust economies and significant investments in manufacturing and retail sectors. However, other countries in the region are also witnessing increasing demand, offering growth opportunities for packaging companies seeking expansion into these developing markets. The projected market growth necessitates proactive strategies that effectively manage supply chain complexities, embrace technological advancements, and adapt to evolving consumer preferences. Recent developments include: August 2022 - International Trade Administration stated that the increasing e-commerce adoption in Kenya would aid the market's growth. Consumer demand for e-commerce was accelerated mainly during the COVID-19 pandemic. The government is pushing for 4G universal coverage, and smartphone ownership is accelerating, making Kenya one of the fastest-growing e-commerce markets., July 2022 - Pizza Hut restaurants were developed and run throughout Saudi Arabia, except for Jeddah city, by Americana Restaurants, the top restaurant platform in the MENA region, under a franchise agreement signed with Yum!, the largest restaurant company in the world, with headquarters in the United States.. Key drivers for this market are: Increased Demand from the E-commerce Sector, Growing Demand for Lightweight Materials and Scope for Growth in End-user Segments. Potential restraints include: Increased Demand from the E-commerce Sector, Growing Demand for Lightweight Materials and Scope for Growth in End-user Segments. Notable trends are: Increased Demand from the E-commerce Sector to Drive the Market.

2020 gross production value in Ethiopia and Africa (US$ 1,000).