According to the forecast, Africa's total population would reach nearly 2.5 billion by 2050. In 2023, the continent had around 1.36 billion inhabitants, with Nigeria, Ethiopia, and Egypt as the most populous countries. In the coming years, Africa will experience significant population growth and will close the gap significantly with the Asian population by 2100. Rapid population growth The population of Africa has been increasing annually in recent years, growing from around 818 million to over 1.39 billion between 2000 and 2021, respectively. In the same period, the annual growth rate of the population has been constantly set at roughly 2.5 percent, with a peak of 2.62 percent in 2014. The reasons behind this rapid growth are various. One factor is the high fertility rate registered in African countries. In 2021, a woman in Niger had an average of over 6.8 children in her reproductive years, the highest rate on the continent. High fertility resulted in a large young population and partly compensated for the high mortality rate in Africa, leading to fast-paced population growth. High poverty levels Africa’s population is concerned with widespread poverty. In 2024, over 429 million people on the continent are extremely poor and live with less than 2.15 U.S. dollars per day. Globally, Africa is the continent hosting the highest poverty rate. In 2024, the countries of Nigeria and the Democratic Republic of the Congo account for around 21 percent of the world's population living in extreme poverty. Nevertheless, poverty in Africa is forecast to decrease in the coming years.

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

The earliest point where scientists can make reasonable estimates for the population of global regions is around 10,000 years before the Common Era (or 12,000 years ago). Estimates suggest that Asia has consistently been the most populated continent, and the least populated continent has generally been Oceania (although it was more heavily populated than areas such as North America in very early years). Population growth was very slow, but an increase can be observed between most of the given time periods. There were, however, dips in population due to pandemics, the most notable of these being the impact of plague in Eurasia in the 14th century, and the impact of European contact with the indigenous populations of the Americas after 1492, where it took almost four centuries for the population of Latin America to return to its pre-1500 level. The world's population first reached one billion people in 1803, which also coincided with a spike in population growth, due to the onset of the demographic transition. This wave of growth first spread across the most industrially developed countries in the 19th century, and the correlation between demographic development and industrial or economic maturity continued until today, with Africa being the final major region to begin its transition in the late-1900s.

In 2025, nearly 11.7 percent of the world population in extreme poverty, with the poverty threshold at 2.15 U.S. dollars a day, lived in Nigeria. Moreover, the Democratic Republic of the Congo accounted for around 11.7 percent of the global population in extreme poverty. Other African nations with a large poor population were Tanzania, Mozambique, and Madagascar. Poverty levels remain high despite the forecast decline Poverty is a widespread issue across Africa. Around 429 million people on the continent were living below the extreme poverty line of 2.15 U.S. dollars a day in 2024. Since the continent had approximately 1.4 billion inhabitants, roughly a third of Africa’s population was in extreme poverty that year. Mozambique, Malawi, Central African Republic, and Niger had Africa’s highest extreme poverty rates based on the 2.15 U.S. dollars per day extreme poverty indicator (updated from 1.90 U.S. dollars in September 2022). Although the levels of poverty on the continent are forecast to decrease in the coming years, Africa will remain the poorest region compared to the rest of the world. Prevalence of poverty and malnutrition across Africa Multiple factors are linked to increased poverty. Regions with critical situations of employment, education, health, nutrition, war, and conflict usually have larger poor populations. Consequently, poverty tends to be more prevalent in least-developed and developing countries worldwide. For similar reasons, rural households also face higher poverty levels. In 2024, the extreme poverty rate in Africa stood at around 45 percent among the rural population, compared to seven percent in urban areas. Together with poverty, malnutrition is also widespread in Africa. Limited access to food leads to low health conditions, increasing the poverty risk. At the same time, poverty can determine inadequate nutrition. Almost 38.3 percent of the global undernourished population lived in Africa in 2022.

The gross domestic product (GDP) per capita in Ethiopia was forecast to continuously increase between 2024 and 2029 by in total 383.3 U.S. dollars (+28.38 percent). After the fourth consecutive increasing year, the GDP per capita is estimated to reach 1,733.72 U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Madagascar, Zambia, and Rwanda.