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 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.

In 2025, Ethiopia's GDP was forecast to reach almost 121 billion U.S. dollars, the highest in East Africa. Kenya followed, with an expected GDP of around 117 billion U.S. dollars. Comoros, on the other hand, had some of the lowest GDPs, at just over 1.5 billion U.S. dollars.

This study examines the determinants influencing the likelihood of Sub-Saharan African (SSA) countries seeking assistance from the International Monetary Fund (IMF). The IMF, as a global institution, aims to promote sustainable growth and prosperity among its member countries by supporting economic strategies that foster financial stability and collaboration in monetary affairs. Utilising panel-probit regression, this study analyses data from thirty-nine SSA countries spanning from 2000 to 2022, focusing on twelve factors: Current Account Balance (CAB), inflation, corruption, General Government Net Lending and Borrowing (GGNLB), General Government Gross Debt (GGGD), Gross Domestic Product Growth (GDPG), United Nations Security Council (UNSC) involvement, regime types (Closed Autocracy, Electoral Democracy, Electoral Autocracy, Liberal Democracy) and China Loan. The results indicate that corruption and GDP growth rate have the most significant influence on the likelihood of SSA countries seeking IMF assistance. Conversely, factors such as CAB, UNSC involvement, LD and inflation show inconsequential effects. Notable, countries like Sudan, Burundi, and Guinea consistently rank high in seeking IMF assistance over various time frames within the observed period. Sudan emerges with a probability of more than 44% in seeking IMF assistance, holding the highest ranking. Study emphasises the importance of understanding SSA region rankings and the variability of variables for policymakers, investors, and international organisations to effectively address economic challenges and provide financial assistance.

According to the International Monetary Fund (IMF) data, the total GDP of Africa in 2015 was 1.9764 trillion US dollars, with countries south of the Sahara achieving an economic growth rate of 3.8%. It is estimated to reach 4.3% in 2016, making it one of the fastest-growing regions in the global economy. The African market has strong consumer potential, but there is relatively little awareness of the African market and economic integration domestically. To help people and businesses better understand the economic integration of the African region, information on regional organizations and member countries in Africa has been collected and compiled. This data set includes information such as the names of regional organizations, establishment time, and member countries.

This study examines the determinants influencing the likelihood of Sub-Saharan African (SSA) countries seeking assistance from the International Monetary Fund (IMF). The IMF, as a global institution, aims to promote sustainable growth and prosperity among its member countries by supporting economic strategies that foster financial stability and collaboration in monetary affairs. Utilising panel-probit regression, this study analyses data from thirty-nine SSA countries spanning from 2000 to 2022, focusing on twelve factors: Current Account Balance (CAB), inflation, corruption, General Government Net Lending and Borrowing (GGNLB), General Government Gross Debt (GGGD), Gross Domestic Product Growth (GDPG), United Nations Security Council (UNSC) involvement, regime types (Closed Autocracy, Electoral Democracy, Electoral Autocracy, Liberal Democracy) and China Loan. The results indicate that corruption and GDP growth rate have the most significant influence on the likelihood of SSA countries seeking IMF assistance. Conversely, factors such as CAB, UNSC involvement, LD and inflation show inconsequential effects. Notable, countries like Sudan, Burundi, and Guinea consistently rank high in seeking IMF assistance over various time frames within the observed period. Sudan emerges with a probability of more than 44% in seeking IMF assistance, holding the highest ranking. Study emphasises the importance of understanding SSA region rankings and the variability of variables for policymakers, investors, and international organisations to effectively address economic challenges and provide financial assistance.

The statistic shows the growth in real GDP in Sub-Saharan Africa from 2020 to 2024, with projections up until 2030. Sub-Saharan Africa is the area of the African continent south of the Sahara and includes almost all African countries located there. In 2024, real gross domestic product in Sub-Saharan Africa grew by around 3.99 percent compared to the previous year.

The Gross Domestic Product per capita (gross domestic product divided by mid-year population converted to international dollars, using purchasing power parity rates) has been identified as an important determinant of susceptibility and vulnerability by different authors and used in the Disaster Risk Index 2004 (Peduzzi et al. 2009, Schneiderbauer 2007, UNDP 2004) and is commonly used as an indicator for a country's economic development (e.g. Human Development Index). Despite some criticisms (Brooks et al. 2005) it is still considered useful to estimate a population's susceptibility to harm, as limited monetary resources are seen as an important factor of vulnerability. However, collection of data on economic variables, especially sub-national income levels, is problematic, due to various shortcomings in the data collection process. Additionally, the informal economy is often excluded from official statistics. Night time lights satellite imagery of NOAA grid provides an alternative means for measuring economic activity. NOAA scientists developed a model for creating a world map of estimated total (formal plus informal) economic activity. Regression models were developed to calibrate the sum of lights to official measures of economic activity at the sub-national level for some target Country and at the national level for other countries of the world, and subsequently regression coefficients were derived. Multiplying the regression coefficients with the sum of lights provided estimates of total economic activity, which were spatially distributed to generate a 30 arc-second map of total economic activity (see Ghosh, T., Powell, R., Elvidge, C. D., Baugh, K. E., Sutton, P. C., & Anderson, S. (2010).Shedding light on the global distribution of economic activity. The Open Geography Journal (3), 148-161). We adjusted the GDP to the total national GDPppp amount as recorded by IMF (International Monetary Fund) for 2010 and we divided it by the population layer from Worldpop Project. Further, we ran a focal statistics analysis to determine mean values within 10 cell (5 arc-minute, about 10 Km) of each grid cell. This had a smoothing effect and represents some of the extended influence of intense economic activity for local people. Finally we apply a mask to remove the area with population below 1 people per square Km.

This dataset has been produced in the framework of the "Climate change predictions in Sub-Saharan Africa: impacts and adaptations (ClimAfrica)" project, Work Package 4 (WP4). More information on ClimAfrica project is provided in the Supplemental Information section of this metadata.

Data publication: 2014-06-01

Supplemental Information:

ClimAfrica was an international project funded by European Commission under the 7th Framework Programme (FP7) for the period 2010-2014. The ClimAfrica consortium was formed by 18 institutions, 9 from Europe, 8 from Africa, and the Food and Agriculture Organization of United Nations (FAO).

ClimAfrica was conceived to respond to the urgent international need for the most appropriate and up-to-date tools and methodologies to better understand and predict climate change, assess its impact on African ecosystems and population, and develop the correct adaptation strategies. Africa is probably the most vulnerable continent to climate change and climate variability and shows diverse range of agro-ecological and geographical features. Thus the impacts of climate change can be very high and can greatly differ across the continent, and even within countries.

The project focused on the following specific objectives:

1. Develop improved climate predictions on seasonal to decadal climatic scales, especially relevant to SSA;

2. Assess climate impacts in key sectors of SSA livelihood and economy, especially water resources and agriculture;

3. Evaluate the vulnerability of ecosystems and civil population to inter-annual variations and longer trends (10 years) in climate;

4. Suggest and analyse new suited adaptation strategies, focused on local needs;

5. Develop a new concept of 10 years monitoring and forecasting warning system, useful for food security, risk management and civil protection in SSA;

6. Analyse the economic impacts of climate change on agriculture and water resources in SSA and the cost-effectiveness of potential adaptation measures.

The work of ClimAfrica project was broken down into the following work packages (WPs) closely connected. All the activities described in WP1, WP2, WP3, WP4, WP5 consider the domain of the entire South Sahara Africa region. Only WP6 has a country specific (watershed) spatial scale where models validation and detailed processes analysis are carried out.

Contact points:

Metadata Contact: FAO-Data

Resource Contact: Selvaraju Ramasamy

Resource constraints:

copyright

Online resources:

GDP per capita

Project deliverable D4.1 - Scenarios of major production systems in Africa

Climafrica Website - Climate Change Predictions In Sub-Saharan Africa: Impacts And Adaptations

State fragility has received an increasing attention in recent decades as a result of the nexus between development and international stability. This study investigates the empirical drivers of state fragility in sub-Saharan Africa from 2007 to 2019. We shed light on the explanatory variables of government effectiveness, political stability, per-capita GDP, grow GDP%, International Monetary Fund (IMF loans), and Official Development Assistance (ODA). Using panel data analysis and a 39-country sample, our study finds that government efficiency and political stability, in contrast to foreign aid, has a significant effect on reducing fragility in sub-Saharan Africa. In light of these findings, the article proposes delivering foreign aid in ways that strengthen state capacity. Devlet kırılganlığı, kalkınma ve uluslararası istikrar arasındaki bağlantının bir sonucu olarak son yıllarda giderek artan bir ilgi görmektedir. Bu makale, 2007-2019 yılları arasında Sahra Altı Afrika'da devlet kırılganlığının ampirik belirleyicilerini araştırmaktadır. Çalışmada, hükümet etkinliği, siyasi istikrar, kişi başına GSYİH, büyüme, Uluslararası Para Fonu (IMF kredileri) ve Resmi Kalkınma Yardımı (ODA) gibi açıklayıcı değişkenlere odaklanılmaktadır. Panel veri analizi ve 39 ülke örneğini kullanan çalışma, hükümet etkinliğinin ve siyasi istikrarın, dış yardımın aksine, Sahra Altı Afrika'daki kırılganlığı azaltmada olumlu bir etkiye sahip olduğunu tespit etmiştir. Bu bulgular ışığında, makale, dış yardımın devlet kapasitesini güçlendirecek şekillerde sağlanmasını önermektedir.

Panel probit model estimated results with marginal effect.

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.

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.

19 of the 20 countries with the lowest estimated GDP per capita in the world in 2024 are located in Sub-Saharan Africa. South Sudan is believed to have a GDP per capita of just 351.02 U.S. dollars - for reference, Luxembourg has the highest GDP per capita in the world, at almost 130,000 U.S. dollars, which is around 400 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi's). Poverty in Sub-Saharan Africa Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population. Outside of Africa Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.