59 datasets found
  1. GDP of African countries 2025, by country

    • statista.com
    Updated Apr 15, 2025
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    Statista (2025). GDP of African countries 2025, by country [Dataset]. https://www.statista.com/statistics/1120999/gdp-of-african-countries-by-country/
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    Dataset updated
    Apr 15, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Africa
    Description

    As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

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    GDP by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 27, 2017
    + more versions
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    TRADING ECONOMICS (2017). GDP by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp?continent=africa
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    xml, json, csv, excelAvailable download formats
    Dataset updated
    May 27, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Africa
    Description

    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.

  3. GDP per capita of African countries 2025

    • statista.com
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    Statista, GDP per capita of African countries 2025 [Dataset]. https://www.statista.com/statistics/1121014/gdp-per-capita-of-african-countries/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Africa
    Description

    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.

  4. Gross Domestic Product (GDP) in Africa 2010-2027

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Gross Domestic Product (GDP) in Africa 2010-2027 [Dataset]. https://www.statista.com/statistics/1300858/total-gdp-value-in-africa/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Africa
    Description

    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.

  5. T

    GDP ANNUAL GROWTH RATE by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Nov 14, 2025
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    TRADING ECONOMICS (2025). GDP ANNUAL GROWTH RATE by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp-annual-growth-rate?continent=africa
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    xml, json, csv, excelAvailable download formats
    Dataset updated
    Nov 14, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Africa
    Description

    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.

  6. Real GDP growth in Africa 2024, by country

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Real GDP growth in Africa 2024, by country [Dataset]. https://www.statista.com/statistics/1121013/gdp-growth-rate-of-african-countries-by-country/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Africa
    Description

    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.

  7. T

    South Africa GDP

    • tradingeconomics.com
    • ar.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, South Africa GDP [Dataset]. https://tradingeconomics.com/south-africa/gdp
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    xml, excel, json, csvAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    South Africa
    Description

    The Gross Domestic Product (GDP) in South Africa was worth 400.26 billion US dollars in 2024, according to official data from the World Bank. The GDP value of South Africa represents 0.38 percent of the world economy. This dataset provides the latest reported value for - South Africa GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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    GDP PER CAPITA PPP by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Sep 9, 2025
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    TRADING ECONOMICS (2025). GDP PER CAPITA PPP by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gdp-per-capita-ppp?continent=africa
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    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    Sep 9, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Africa
    Description

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

  9. GDP of Southern African countries 2025, by country

    • statista.com
    Updated Feb 17, 2025
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    Statista (2025). GDP of Southern African countries 2025, by country [Dataset]. https://www.statista.com/statistics/1558478/gdp-in-southern-africa-by-country/
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    Dataset updated
    Feb 17, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Africa
    Description

    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.

  10. Real GDP growth forecast in Africa 2022-2028, by country

    • statista.com
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    Statista, Real GDP growth forecast in Africa 2022-2028, by country [Dataset]. https://www.statista.com/statistics/1340727/gdp-growth-forecast-africa-by-country/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2022
    Area covered
    Africa
    Description

    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.

  11. Gross domestic product of the MENA countries in 2024

    • statista.com
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    Statista, Gross domestic product of the MENA countries in 2024 [Dataset]. https://www.statista.com/statistics/804761/gdp-of-the-mena-countries/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Middle East and North Africa, MENA
    Description

    This statistic shows gross domestic product (GDP) of the MENA countries in 2024. The MENA region in North Africa and the Middle East comprises the countries Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, and Yemen. In 2024, the GDP of Saudi Arabia amounted to approximately 1.085 trillion U.S. dollars.

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    South Africa Leading Business Cycle Indicator MoM

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 23, 2025
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    TRADING ECONOMICS (2025). South Africa Leading Business Cycle Indicator MoM [Dataset]. https://tradingeconomics.com/south-africa/leading-economic-index
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    csv, xml, excel, jsonAvailable download formats
    Dataset updated
    Sep 23, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 29, 1960 - Sep 30, 2025
    Area covered
    South Africa
    Description

    Leading Economic Index South Africa decreased 1.20 percent in September of 2025 over the same month in the previous year. This dataset provides the latest reported value for - South Africa Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  13. Countries with the largest gross domestic product (GDP) per capita 2025

    • statista.com
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    Statista, Countries with the largest gross domestic product (GDP) per capita 2025 [Dataset]. https://www.statista.com/statistics/270180/countries-with-the-largest-gross-domestic-product-gdp-per-capita/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Worldwide
    Description

    In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

  14. T

    South Africa GDP Annual Growth Rate

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, South Africa GDP Annual Growth Rate [Dataset]. https://tradingeconomics.com/south-africa/gdp-growth-annual
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    excel, xml, csv, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1994 - Sep 30, 2025
    Area covered
    South Africa
    Description

    The Gross Domestic Product (GDP) in South Africa expanded 2.10 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - South Africa GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  15. Gross domestic product of the BRICS countries 2000-2030

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Gross domestic product of the BRICS countries 2000-2030 [Dataset]. https://www.statista.com/statistics/254281/gdp-of-the-bric-countries/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

  16. G

    Manufacturing value added in Africa | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated May 2, 2019
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    Globalen LLC (2019). Manufacturing value added in Africa | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/manufacturing_value_added/Africa/
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    xml, csv, excelAvailable download formats
    Dataset updated
    May 2, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    World
    Description

    The average for 2023 based on 40 countries was 8.11 billion U.S. dollars. The highest value was in Egypt: 59.64 billion U.S. dollars and the lowest value was in the Gambia: 0.04 billion U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

  17. Victoria 2 (the game) Economy Data

    • kaggle.com
    zip
    Updated Nov 18, 2023
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    Varol (2023). Victoria 2 (the game) Economy Data [Dataset]. https://www.kaggle.com/datasets/derrekdevon/victoria-2-the-game-economy-data
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    zip(322419 bytes)Available download formats
    Dataset updated
    Nov 18, 2023
    Authors
    Varol
    License

    MIT Licensehttps://opensource.org/licenses/MIT
    License information was derived automatically

    Description

    I have been a fan of Paradox Interactive's Victoria 2 for a while now. This dataset is based off my most recent campaign playing as the small nation of Biafra in Western Africa. Using a software I found on the web, I was able to extract much of the data however, I really wish I were able to get more data. That game has loads of interesting data trapped in it. Hopefully, in the nearest future, a software can be built to help me get that done.

    The data, I think, is fairly comprehensive. It maps out a 38 year period between 1993 and 2030, tracking each countries gdp, GDP per Capita, unemployment rate e.t.c.

    Note: Keen observers will notice that 4 of the largest economies in the world seem to nose dive around the year 2023-2024. This is because, within the game, India nukes The United States, France, and Great Britain in a great war. All three countries retaliate with their own nukes, thereby reducing all 4 countries to economic obscurity within a matter of 5 years. It was indeed a scary thing to watch. Nearly 700 million people lost their lives due to the fallout.

    Edit: You will find a lot of zero's in the gdp data. This is not because those countries gdp were actually 0. For the vast majority of countries with 0 as their GDP, they simply did not exist officially that year. For instance Ambazonia has many years of 0 GDP data. This is because Ambazonia did not exist as a country all those years. Also, within the game there was never any country with a population of 0. Therefore, any country with a population of 0 in our dataset did not exist.

  18. C

    Central African Republic CF: Population in Largest City

    • ceicdata.com
    Updated Mar 11, 2018
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    CEICdata.com (2018). Central African Republic CF: Population in Largest City [Dataset]. https://www.ceicdata.com/en/central-african-republic/population-and-urbanization-statistics/cf-population-in-largest-city
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    Dataset updated
    Mar 11, 2018
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Central African Republic
    Variables measured
    Population
    Description

    Central African Republic CF: Population in Largest City data was reported at 985,965.000 Person in 2024. This records an increase from the previous number of 958,335.000 Person for 2023. Central African Republic CF: Population in Largest City data is updated yearly, averaging 487,345.000 Person from Dec 1960 (Median) to 2024, with 65 observations. The data reached an all-time high of 985,965.000 Person in 2024 and a record low of 94,350.000 Person in 1960. Central African Republic CF: Population in Largest City data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Central African Republic – Table CF.World Bank.WDI: Population and Urbanization Statistics. Population in largest city is the urban population living in the country's largest metropolitan area.;United Nations, World Urbanization Prospects.;;

  19. F

    Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized...

    • fred.stlouisfed.org
    json
    Updated Nov 17, 2025
    + more versions
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    (2025). Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for South Africa [Dataset]. https://fred.stlouisfed.org/series/ZAFLOLITONOSTSAM
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    jsonAvailable download formats
    Dataset updated
    Nov 17, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    South Africa
    Description

    Graph and download economic data for Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for South Africa (ZAFLOLITONOSTSAM) from Jan 1975 to Jan 2024 about leading indicator and South Africa.

  20. G

    Diamond exports, million USD in Africa | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Mar 22, 2019
    + more versions
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    Globalen LLC (2019). Diamond exports, million USD in Africa | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/diamond_exports_USD/Africa/
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    excel, csv, xmlAvailable download formats
    Dataset updated
    Mar 22, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 2004 - Dec 31, 2024
    Area covered
    World
    Description

    The average for 2024 based on 22 countries was 340.99 million USD. The highest value was in Botswana: 2813.41 million USD and the lowest value was in Mali: 0 million USD. The indicator is available from 2004 to 2024. Below is a chart for all countries where data are available.

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Statista (2025). GDP of African countries 2025, by country [Dataset]. https://www.statista.com/statistics/1120999/gdp-of-african-countries-by-country/
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GDP of African countries 2025, by country

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101 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Apr 15, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2025
Area covered
Africa
Description

As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

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