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.

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.

Egypt was the largest economy in North Africa in 2022. In that year, its GDP amounted to 435.6 billion U.S. dollars, the second-highest in Africa after Nigeria. Algeria and Morocco followed, with the GDP totaling around 194 billion and 133 billion U.S. dollars, respectively.

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.

Sub-Saharan Africa GDP for 2023 was 2.033 trillion US dollars, a 1.38% decline from 2022.

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

<li>Sub-Saharan Africa GDP for 2022 was <strong>2.061 trillion US dollars</strong>, a <strong>6.64% increase</strong> from 2021.</li>
<li>Sub-Saharan Africa GDP for 2021 was <strong>1.933 trillion US dollars</strong>, a <strong>12.62% increase</strong> from 2020.</li>
<li>Sub-Saharan Africa GDP for 2020 was <strong>1.716 trillion US dollars</strong>, a <strong>6.24% decline</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.

Kenya's Gross Domestic Product (GDP) was estimated to grow by 5.6 percent in 2021. The country has the largest economy in East Africa. Tanzania, which is the secondmain economy in the region, might expand by four percent in the same year. In its turn, the economic growth in Ethiopia was estimated at two percent.

The Gross Domestic Product (GDP) in South Africa was worth 380.70 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Africa represents 0.36 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.

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.

The Gross Domestic Product (GDP) in South Africa expanded 0.10 percent in the first quarter of 2025 over the previous quarter. This dataset provides - South Africa GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

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

<li>Central African Republic GDP for 2022 was <strong>2.38 billion US dollars</strong>, a <strong>5.32% decline</strong> from 2021.</li>
<li>Central African Republic GDP for 2021 was <strong>2.52 billion US dollars</strong>, a <strong>8.16% increase</strong> from 2020.</li>
<li>Central African Republic GDP 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.

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

Key information about South Africa Public Consumption: % of GDP

• South Africa Public Consumption accounted for 19.1 % of its Nominal GDP in Dec 2024, compared with a share of 19.3 % in the previous quarter.
• South Africa Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1960 to Dec 2024, with an average number of 16.7 %.
• The data reached an all-time high of 22.7 % in Jun 2020 and a record low of 8.6 % in Jun 1963.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Statistics South Africa provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about South Africa Public Consumption: % of GDP

• In the latest reports, South Africa GDP expanded 0.2 % YoY in Mar 2023.
• South Africa Nominal GDP reached 95.9 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.6 % in Mar 2023.
• South Africa GDP Per Capita reached 6,667.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 13.7 % in Sep 2024.
• For Nominal GDP contributions, Investment accounted for 12.6 % in Dec 2024.
• Private Consumption accounted for 67.3 % in Dec 2024.

The average for 2021 based on 42 countries was 4.3 percent. The highest value was in Namibia: 10.39 percent and the lowest value was in Nigeria: 0.38 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.

Key information about South Africa GDP Deflator Growth

• South Africa GDP deflator (implicit price deflator) increased 5.6 % in Mar 2023, compared with an increase of 4.7 % in the previous quarter.
• South Africa GDP Deflator Growth data is updated quarterly, available from Mar 1961 to Mar 2023, with an average rate of 7.5 %.
• The data reached an all-time high of 24.9 % in Jun 1980 and a record low of -0.0 % in Dec 1962.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. South African Reserve Bank provides Nominal GDP in local currency. Statistics South Africa provides Real GDP in local currency, at 2015 prices. GDP Deflator Growth prior to Q1 1994 is calculated from Real GDP at 2010 prices.


Related information about South Africa GDP Deflator Growth

• In the latest reports, South Africa GDP expanded 0.2 % YoY in Mar 2023.
• Its Nominal GDP reached 95.9 USD bn in Mar 2023.
• South Africa GDP Per Capita reached 6,667.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 14.5 % in Mar 2023.

By 2050, Cape Verde and Burkina Faso are likely to have their entire GDPs exposed to losses due to physical climate risks such as wildfire, floods, sea level rise, or storms. Considering a moderate emissions scenario, Ethiopia's economy would also be at high risk, with 93 percent of the country's GDP exposed to losses. In general, the most affected African countries are located around the equator. Nations in the continent's south are less affected, especially those with a current stronger economy, like South Africa.

Key information about South Africa Nominal GDP Growth

• South Africa Nominal GDP Growth was reported at 4.279 % in Dec 2024.
• This records a decrease from the previous number of 4.471 % for Sep 2024.
• South Africa Nominal GDP Growth data is updated quarterly, averaging 11.455 % from Mar 1961 to Dec 2024, with 256 observations.
• The data reached an all-time high of 34.616 % in Sep 1980 and a record low of -13.481 % in Jun 2020.
• South Africa Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. South African Reserve Bank provides Nominal GDP in local currency.

Central African Republic gdp growth rate for 2023 was 0.87%, a 0.37% increase from 2022.

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

<li>Central African Republic gdp growth rate for 2022 was <strong>0.50%</strong>, a <strong>0.48% decline</strong> from 2021.</li>
<li>Central African Republic gdp growth rate for 2021 was <strong>0.98%</strong>, a <strong>0.08% increase</strong> from 2020.</li>
<li>Central African Republic gdp growth rate for 2020 was <strong>0.90%</strong>, a <strong>2.2% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP 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.

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.

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