South Africa's GDP was estimated at just over 403 billion U.S. dollars in 2024, the highest in Africa. Egypt followed, with a GDP worth around 380 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with about 260 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.

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.

The Central African Republic: Gross Domestic Product, billions of U.S. dollars: The latest value from 2023 is 2.56 billion U.S. dollars, an increase from 2.38 billion U.S. dollars in 2022. In comparison, the world average is 569.16 billion U.S. dollars, based on data from 184 countries. Historically, the average for the Central African Republic from 1960 to 2023 is 1.1 billion U.S. dollars. The minimum value, 0.11 billion U.S. dollars, was reached in 1960 while the maximum of 2.56 billion U.S. dollars was recorded in 2023.

The Gross Domestic Product per capita in Central African Republic was last recorded at 1111.65 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Central African Republic, when adjusted by Purchasing Power Parity is equivalent to 6 percent of the world's average. This dataset provides - Central African Republic GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Central African Republic (PGD2USCFA621NUPN) from 1960 to 2010 about Central African Republic, PPP, per capita, and GDP.

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 July of 2025.

The Central African Republic: GDP per capita, Purchasing Power Parity: The latest value from 2024 is 1112 U.S. dollars, a decline from 1133 U.S. dollars in 2023. In comparison, the world average is 27291 U.S. dollars, based on data from 177 countries. Historically, the average for the Central African Republic from 1990 to 2024 is 1246 U.S. dollars. The minimum value, 997 U.S. dollars, was reached in 2013 while the maximum of 1578 U.S. dollars was recorded in 2012.

GDP (current US$) in Central African Republic was reported at 2751544520 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Central African Republic - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The Gross Domestic Product per capita in Central African Republic was last recorded at 390.09 US dollars in 2024. The GDP per Capita in Central African Republic is equivalent to 3 percent of the world's average. This dataset provides the latest reported value for - Central African Republic GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Central African Republic was worth 2.75 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Central African Republic represents 0 percent of the world economy. This dataset provides - Central African Republic GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) per capita in the Central African Republic was estimated at about 531.06 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 209.29 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 129.52 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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 rates and then divided by the total population. The gross domestic product 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).

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 %)']

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Central African Republic economic growth for 2023 was 2.56 billion US dollars, a 7.26% increase from 2022.

<ul style='margin-top:20px;'>

<li>Central African Republic economic growth for 2022 was <strong>2.38 billion US dollars</strong>, a <strong>5.32% decline</strong> from 2021.</li>
<li>Central African Republic economic growth for 2021 was <strong>2.52 billion US dollars</strong>, a <strong>8.16% increase</strong> from 2020.</li>
<li>Central African Republic economic growth for 2020 was <strong>2.33 billion US dollars</strong>, a <strong>4.75% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

GDP per capita, PPP (current international $) in Central African Republic was reported at 1264 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Central African Republic - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

This bar chart displays GDP (current US$) by currency using the aggregation sum in Central African Republic. The data is filtered where the date is 2021. The data is about countries per year.

The gross domestic product (GDP) in current prices in the Central African Republic was estimated at about 2.83 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 2.12 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 1.45 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

GDP per capita (current US$) in Central African Republic was reported at 496 USD in 2023, 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 July of 2025.

Central African Republic CF: GDP: USD: Gross National Income: Atlas Method data was reported at 2.711 USD bn in 2023. This records an increase from the previous number of 2.666 USD bn for 2022. Central African Republic CF: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 998.589 USD mn from Dec 1962 (Median) to 2023, with 62 observations. The data reached an all-time high of 2.711 USD bn in 2023 and a record low of 120.381 USD mn in 1962. Central African Republic CF: GDP: USD: Gross National Income: Atlas Method 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: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

This horizontal bar chart displays GDP (current US$) by continent using the aggregation sum in Central African Republic. The data is filtered where the date is 2021. The data is about countries per year.