In the United States, the median income for Black households in 2024 was 56,020 U.S. dollars. This represented a significant drop from the previous year. Since 1990, the median income of African American households grew from 40,820 U.S. dollars (adjusted to 2024 values).

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.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Economy. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2013 and 2023, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Economy, the median household income for the households where the householder is White increased by $8,247(22.83%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $36,128 in 2013 and $44,375 in 2023.
• Black or African American: As per the U.S. Census Bureau population data, in Economy, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Economy.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• 2023: 2023 median household income
• Please note: All incomes have been adjusted for inflation and are presented in 2023-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income by race. You can refer the same here

About this dataset

Context

The dataset tabulates the population of Economy by race. It includes the population of Economy across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to understand the population distribution of Economy across relevant racial categories.

Key observations

The percent distribution of Economy population by race (across all racial categories recognized by the U.S. Census Bureau): 97.60% are white and 2.40% are multiracial.

https://i.neilsberg.com/ch/economy-in-population-by-race.jpeg" alt="Economy population by race">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race: This column displays the racial categories (excluding ethnicity) for the Economy
• Population: The population of the racial category (excluding ethnicity) in the Economy is shown in this column.
• % of Total Population: This column displays the percentage distribution of each race as a proportion of Economy total population. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy Population by Race & Ethnicity. You can refer the same here

Africa Gdp Growth Annual Percentage Dataset

  Overview

This dataset contains gdp growth (annual %) data for African countries from the World Bank Economy & Growth indicators.

  Data Details

Indicator Code: NY.GDP.MKTP.KD.ZG Description: GDP growth (annual %) Geographic Coverage: 54 African countries Time Period: 1960-2024 Data Points: 3,510 observations Coverage: 100.00% of possible country-year combinations

  File Formats





  Main Dataset… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/africa-gdp-growth-annual-percentage.

Actual value and historical data chart for Central African Republic GDP Us Dollar

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.

Africa Broad Money (% of GDP) Dataset

  Overview

This dataset contains broad money (% of gdp) data for African countries from the World Bank.

  Data Details

Indicator Code: FM.LBL.BMNY.GD.ZS Description: Broad Money (% of GDP) Geographic Coverage: 54 African countries Time Period: 1960-2024 Data Points: 2,797 observations Coverage: 79.69% of possible country-year combinations

  File Formats





  Main Dataset (fm_lbl_bmny_gd_zs_africa.csv)

Rows: 54… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/Africa-Broad-Money-percentage-of-GDP.

Speech by Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - Economic Equality Webinar - African American Chamber of Commerce of Western Pennsylvania - Pittsburgh, PA (via videoconference) - September 28, 2020

GDP per capita (constant 2015 US$) in Central African Republic was reported at 390 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Central African Republic - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

The average for 2024 based on 45 countries was 38.61 billion U.S. dollars. The highest value was in South Africa: 400.26 billion U.S. dollars and the lowest value was in Sao Tome and Principe: 0.76 billion U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Africa Gross Savings Percentage of Gdp Dataset

  Overview

This dataset contains gross savings (% of gdp) data for African countries from the World Bank Economy & Growth indicators.

  Data Details

Indicator Code: NY.GNS.ICTR.ZS Description: Gross savings (% of GDP) Geographic Coverage: 54 African countries Time Period: 1960-2024 Data Points: 3,120 observations Coverage: 88.89% of possible country-year combinations

  File Formats





  Main Dataset… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/africa-gross-savings-percentage-of-gdp.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Economy. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Economy, the median household income for the households where the householder is White increased by $16,824(43.62%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,573 in 2011 and $55,397 in 2021.
• Black or African American: As per the U.S. Census Bureau population data, in Economy, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

https://i.neilsberg.com/ch/economy-in-median-household-income-by-race-trends.jpeg" alt="Economy, IN median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Economy.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
• Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income by race. You can refer the same here

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.

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

GDP per capita (current US$) in Central African Republic was reported at 516 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Central African Republic - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Context

In this data, you will see economy of African countries from 1980 to 2022

Content

 `country`
  'Year', 
  'Real per Capita GDP Growth Rate (annual %)',
  'Real GDP growth (annual %)',
  'Gross domestic product, (constant prices US$)',
  'Gross domestic product, current prices (current US$)',
  'Final consumption expenditure (current US$)',
  'General government final consumption expenditure (current US$)',
  'Household final consumption expenditure (current US$)',
  'Gross capital formation (current US$)',
  'Gross capital formation, Private sector (current US$)',
  'Gross capital formation, Public sector (current US$)',
  'Exports of goods and services (current US$)',
  'Imports of goods and services (current US$)',
  'Final consumption expenditure (% of GDP)',
  'General government final consumption expenditure (% of GDP)',
  'Household final consumption expenditure (% of GDP)',
  'Gross capital formation (% of GDP)',
  'Gross capital formation, Private sector (% GDP)',
  'Gross capital formation, Public sector (% GDP)',
  'Exports of goods and services (% of GDP)',
  'Imports of goods and services (% of GDP)',
  'Central government, Fiscal Balance (Current US $)',
  'Central government, total revenue and grants (Current US $)',
  'Central government, total expenditure and net lending (Current US $)',
  'Central government, Fiscal Balance (% of GDP)',
  'Central government, total revenue and grants (% of GDP)',
  'Central government, total expenditure and net lending (% of GDP)',
  'Current account balance (Net, BoP, cur. US$)',
  'Current account balance (As % of GDP)',
  'Inflation, consumer prices (annual %)']

Acknowledgements

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Inspiration

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Africa Imports of Goods and Services Percentage of Gdp Dataset

  Overview

This dataset contains imports of goods and services (% of gdp) data for African countries from the World Bank Economy & Growth indicators.

  Data Details

Indicator Code: NE.IMP.GNFS.ZS Description: Imports of goods and services (% of GDP) Geographic Coverage: 54 African countries Time Period: 1960-2024 Data Points: 3,315 observations Coverage: 94.44% of possible country-year combinations… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/africa-imports-of-goods-and-services-percentage-of-gdp.

Explore annual GDP growth rates for various countries with this dataset. Analyze trends and patterns related to GDP growth to make informed decisions. Click here for more information!

GDP growth (annual %), GDP, Growth Rates

Kenya, Spain, Syrian Arab Republic, Bosnia and Herzegovina, El Salvador, Italy, Sint Maarten (Dutch part), Comoros, Kosovo, Argentina, Bulgaria, Guinea-Bissau, Slovenia, Guinea, Belize, Low income, Lower middle income, New Caledonia, St. Kitts and Nevis, Benin, World, Kyrgyz Republic, United Arab Emirates, Ethiopia, Burundi, Korea, Rep., Low & middle income, Euro area, Libya, Luxembourg, Namibia, Kiribati, India, Burkina Faso, East Asia & Pacific (excluding high income), Tajikistan, Lao PDR, Equatorial Guinea, Niger, Liechtenstein, Palau, Hong Kong SAR, China, Switzerland, Tonga, Qatar, Turkiye, Middle East & North Africa (excluding high income), Indonesia, Iraq, Fiji, Central Europe and the Baltics, Isle of Man, Costa Rica, Finland, Small states, Singapore, Slovak Republic, Netherlands, Turks and Caicos Islands, Europe & Central Asia (IDA & IBRD countries), Japan, Bhutan, Belgium, Australia, Denmark, Heavily indebted poor countries (HIPC), Middle East & North Africa (IDA & IBRD countries), Uzbekistan, Pacific island small states, Mongolia, Gabon, St. Vincent and the Grenadines, Ukraine, Venezuela, RB, Latvia, Macao SAR, China, Vietnam, Arab World, Myanmar, Latin America & Caribbean (excluding high income), Haiti, Micronesia, Fed. Sts., Nicaragua, Panama, San Marino, Gambia, The, Guatemala, IDA & IBRD total, Azerbaijan, Chad, Zimbabwe, Mali, Bolivia, Grenada, Mexico, East Asia & Pacific (IDA & IBRD countries), Timor-Leste, Dominica, Peru, Malawi, Trinidad and Tobago, Nauru, Monaco, Tuvalu, Egypt, Arab Rep., Virgin Islands (U.S.), Sao Tome and Principe, Cabo Verde, IDA only, Mozambique, Oman, Yemen, Rep., Albania, New Zealand, Latin America & Caribbean, Rwanda, Cameroon, Lesotho, Solomon Islands, Germany, Bangladesh, Papua New Guinea, Maldives, Moldova, Antigua and Barbuda, Congo, Dem. Rep., Romania, Portugal, Africa Western and Central, Mauritius, France, Uruguay, Tanzania, Colombia, South Asia (IDA & IBRD), Honduras, South Sudan, Sudan, Cuba, Least developed countries: UN classification, South Asia, Tunisia, Guyana, Nepal, Barbados, Brunei Darussalam, United States, Canada, Lebanon, Africa Eastern and Southern, Sub-Saharan Africa (excluding high income), Angola, Bahamas, The, Fragile and conflict affected situations, Malta, Middle East & North Africa, Turkmenistan, Cote d'Ivoire, Northern Mariana Islands, Thailand, Seychelles, North Macedonia, Afghanistan, Russian Federation, IBRD only, Iran, Islamic Rep., Malaysia, Djibouti, Europe & Central Asia (excluding high income), Norway, Dominican Republic, French Polynesia, Jordan, Nigeria, Lithuania, Estonia, Eswatini, Vanuatu, Late-demographic dividend, St. Lucia, Cambodia, Curacao, Kuwait, Belarus, American Samoa, Bahrain, Somalia, Pre-demographic dividend, Ghana, Sierra Leone, Jamaica, Ecuador, European Union, Post-demographic dividend, Brazil, Central African Republic, Chile, Puerto Rico, Pakistan, Uganda, United Kingdom, IDA total, Marshall Islands, Czechia, Channel Islands, Poland, Togo, Latin America & the Caribbean (IDA & IBRD countries), Sweden, Iceland, Armenia, Georgia, Montenegro, Europe & Central Asia, Hungary, IDA blend, Sub-Saharan Africa (IDA & IBRD countries), Paraguay, Zambia, Andorra, OECD members, Bermuda, Early-demographic dividend, Croatia, Upper middle income, Algeria, Samoa, Eritrea, Suriname, Mauritania, Guam, China, Sri Lanka, Congo, Rep., Liberia, Greece, Botswana, East Asia & Pacific, West Bank and Gaza, Philippines, Cayman Islands, Saudi Arabia, South Africa, High income, Serbia, Caribbean small states, Greenland, Cyprus, Aruba, Ireland, Israel, Kazakhstan, Morocco, Madagascar, Other small states, Sub-Saharan Africa, Senegal, Middle income, Austria, North America Follow data.kapsarc.org for timely data to advance energy economics research.

Africa Inflation Gdp Deflator Annual Percentage Dataset

  Overview

This dataset contains inflation, gdp deflator (annual %) data for African countries from the World Bank Economy & Growth indicators.

  Data Details

Indicator Code: NY.GDP.DEFL.KD.ZG Description: Inflation, GDP deflator (annual %) Geographic Coverage: 54 African countries Time Period: 1960-2024 Data Points: 3,510 observations Coverage: 100.00% of possible country-year combinations

  File… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/africa-inflation-gdp-deflator-annual-percentage.