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.

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.

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

In 2024, Niger's real GDP is estimated to grow by 10.4 percent compared to the previous year. During 2023, the GDP is estimated to have increased by only 1.4 percent, nevertheless a positive trend. The country's real GDP is forecast to continue growing but at a slower pace. Between 2025 and 2029, it is expected to grow annually by roughly six percent. Furthermore, the GDPs of Senegal, Libya, and Rwanda might increase by around 8.3 percent, 7.8 percent, and 6.9 percent during 2024, respectively. Niger: A dependence on agriculture A large portion of Niger's economy comes from agriculture. In 2022, agriculture accounted for almost 40 percent of the GDP. Niger is not the only country in Africa where agriculture plays a crucial role. For example, agriculture made up nearly 60 percent of Sierra Leone’s GDP in 2022. Such dependence could mean that any disruptions in the agricultural products market could have significant effects on the country's GDP. Sub-Saharan Africa's economy will be among the fastest-growing regions worldwide Three African countries have significantly larger economies, namely, Nigeria, South Africa, and Egypt. As of 2022, these countries' GDP stood at nearly 477.4 billion, 475.2 billion, and 405.7 billion U.S. dollars. Furthermore, it is anticipated that Sub-Saharan Africa's GDP growth in 2026 will rank as the second-fastest growing economic region in the world after the ASEAN-5 countries, with a growth rate of approximately four percent. In contrast, economic areas such as the European Union are forecast to grow at only about 1.5 percent in the same year.

The average for 2025 based on 51 countries was 53 index points. The highest value was in Mauritius: 75 index points and the lowest value was in Sudan: 35 index points. The indicator is available from 1995 to 2025. Below is a chart for all countries where data are available.

This dataset provides values for GDP ANNUAL GROWTH RATE 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.

The average for 2024 based on 52 countries was 6829 U.S. dollars. The highest value was in the Seychelles: 29242 U.S. dollars and the lowest value was in Burundi: 836 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

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.

The real gross domestic product (GDP) of Niger is estimated to have grown by **** percent in 2022, which is the highest estimated growth rate across all African countries. In comparison, Libya's economy is estimated to have contracted by *** percent.

The average for 2025 based on 53 countries was 38 points. The highest value was in Mauritius: 86 points and the lowest value was in Somalia: 0 points. The indicator is available from 1995 to 2025. Below is a chart for all countries where data are available.

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

Details of the dataset

The African Economic Outlook dataset is a comprehensive resource that provides detailed economic analysis at both the country and regional level.

The dataset is provided by the African Development Bank Group, and it’s part of their broader effort to examine recent macroeconomic developments and the outlook in Africa. The report focuses on the implications of external imbalances for growth and the financial and monetary challenges of integration.

The dataset includes various metrics such as Real GDP growth in Africa, Energy subsidies as a share of nominal GDP, and Contribution to GDP growth in Africa, by region. These metrics can provide valuable insights into the economic conditions and trends in different African countries and regions.

The dataset is available in CSV format, which can be easily imported into most data analysis and visualization tools. This makes it a valuable resource for policy makers, investors, researchers, NGOs, and journalists who are interested in African economic trends and developments.

Key usages

This dataset can be used to make informed decisions in several ways: - Policy Making: Governments and policy makers can use this data to understand the economic conditions of different African countries and regions, and formulate policies accordingly. - Investment Decisions: Investors and businesses can use this data to identify potential investment opportunities in different sectors and regions. - Academic Research: Researchers and students can use this data for various economic studies and research projects. - Non-profit Organizations: NGOs and humanitarian organizations can use this data to identify regions that need economic aid or development projects. - Journalism: Journalists and media outlets can use this data to report on economic trends and developments in Africa.

Image Source : Clipart.co

The novel coronavirus pandemic has unsettled the political, economic and social structures of the world. Yet, in the context of global economies in recession, opportunities also abound for many countries, including in Africa, to pursue new directions in governance and management. For instance, the pandemic may be closing gaps between the so-called developed and the developing worlds, thereby giving African countries some geopolitical and economic leverage, both in terms of international alliances and managing fiscal challenges. This project, using the case of Sierra Leonne, focuses on how African countries can chart new paths is their management and governance of foreign aid. The project investigates how aid-funded projects are implemented in Africa using the yardstick of the World Bank’s International Good Governance Standard and, in the process, answers the question of how African countries can alternatively and efficiently administer and manage foreign aid-funded projects? This question is important because Sub-Saharan Africa is one of the world’s most aided regions. Aid as a percentage of Gross Domestic Product (GDP) in the region has averaged around 5% for much of the past two decades. Aid has reached nearly 10% at times and still equals nearly 6% of the region’s GDP. Yet, the growth records of nearly all African countries have thus far been unsatisfactory compared with the amount of aid funds received. The case of high aid flows into African economies, on one hand, and evidence of abysmal growth outcomes, on the other, have led to questions about the usefulness of foreign aid. At a time when Africa’s traditional donor countries are biting the dust, due to the pandemic, these questions become even more crucial. The project calls for a rethink of Africa’s economic management practices to meet the needs of present times.

TThe ERS International Macroeconomic Data Set provides historical and projected data for 181 countries that account for more than 99 percent of the world economy. These data and projections are assembled explicitly to serve as underlying assumptions for the annual USDA agricultural supply and demand projections, which provide a 10-year outlook on U.S. and global agriculture. The macroeconomic projections describe the long-term, 10-year scenario that is used as a benchmark for analyzing the impacts of alternative scenarios and macroeconomic shocks.

Explore the International Macroeconomic Data Set 2015 for annual growth rates, consumer price indices, real GDP per capita, exchange rates, and more. Get detailed projections and forecasts for countries worldwide.

Annual growth rates, Consumer price indices (CPI), Real GDP per capita, Real exchange rates, Population, GDP deflator, Real gross domestic product (GDP), Real GDP shares, GDP, projections, Forecast, Real Estate, Per capita, Deflator, share, Exchange Rates, CPI

Afghanistan, Albania, Algeria, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Côte d'Ivoire, Cabo Verde, Cambodia, Cameroon, Canada, Central African Republic, Chad, Chile, China, Colombia, Congo, Costa Rica, Croatia, Cuba, Cyprus, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Mauritania, Mauritius, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Samoa, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Sri Lanka, Sudan, Suriname, Sweden, Switzerland, Syria, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe, WORLD Follow data.kapsarc.org for timely data to advance energy economics research. Notes:

Developed countries/1 Australia, New Zealand, Japan, Other Western Europe, European Union 27, North America

Developed countries less USA/2 Australia, New Zealand, Japan, Other Western Europe, European Union 27, Canada

Developing countries/3 Africa, Middle East, Other Oceania, Asia less Japan, Latin America;

Low-income developing countries/4 Haiti, Afghanistan, Nepal, Benin, Burkina Faso, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, Liberia, Madagascar, Malawi, Mali, Mozambique, Niger, Rwanda, Senegal, Sierra Leone, Somalia, Tanzania, Togo, Uganda, Zimbabwe;

Emerging markets/5 Mexico, Brazil, Chile, Czech Republic, Hungary, Poland, Slovakia, Russia, China, India, Korea, Taiwan, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Singapore

BRIICs/5 Brazil, Russia, India, Indonesia, China; Former Centrally Planned Economies

Former centrally planned economies/7 Cyprus, Malta, Recently acceded countries, Other Central Europe, Former Soviet Union

USMCA/8 Canada, Mexico, United States

Europe and Central Asia/9 Europe, Former Soviet Union

Middle East and North Africa/10 Middle East and North Africa

Other Southeast Asia outlook/11 Malaysia, Philippines, Thailand, Vietnam

Other South America outlook/12 Chile, Colombia, Peru, Bolivia, Paraguay, Uruguay

Indicator Source

Real gross domestic product (GDP) World Bank World Development Indicators, IHS Global Insight, Oxford Economics Forecasting, as well as estimated and projected values developed by the Economic Research Service all converted to a 2015 base year.

Real GDP per capita U.S. Department of Agriculture, Economic Research Service, Macroeconomic Data Set, GDP table and Population table.

GDP deflator World Bank World Development Indicators, IHS Global Insight, Oxford Economics Forecasting, as well as estimated and projected values developed by the Economic Research Service, all converted to a 2015 base year.

Real GDP shares U.S. Department of Agriculture, Economic Research Service, Macroeconomic Data Set, GDP table.

Real exchange rates U.S. Department of Agriculture, Economic Research Service, Macroeconomic Data Set, CPI table, and Nominal XR and Trade Weights tables developed by the Economic Research Service.

Consumer price indices (CPI) International Financial Statistics International Monetary Fund, IHS Global Insight, Oxford Economics Forecasting, as well as estimated and projected values developed by the Economic Research Service, all converted to a 2015 base year.

Population Department of Commerce, Bureau of the Census, U.S. Department of Agriculture, Economic Research Service, International Data Base.

East Africa's economic growth might rebound in 2021, according to estimates done in September that year. For 2020, the real Gross Domestic Product (GDP) in the region was estimated to expand by only *** percent, weakened due to the coronavirus (COVID-19) pandemic. Kenya might present the strongest growth among nations in the region, at *** percent, after the country's GDP shrunk by *** percent in 2020. On the other hand, Ethiopia's economy might register a **** percent growth, against an expansion of *** percent in 2020.

The average for 2022 based on 46 countries was -3.92 percent. The highest value was in Equatorial Guinea: 11.9 percent and the lowest value was in Ghana: -11.8 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average for 2021 based on 50 countries was 57.94 index points. The highest value was in Zimbabwe: 90.09 index points and the lowest value was in Egypt: 37.46 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

Explore the World Competitiveness Ranking dataset for 2016, including key indicators such as GDP per capita, fixed telephone tariffs, and pension funding. Discover insights on social cohesion, scientific research, and digital transformation in various countries.

Social cohesion, The image abroad of your country encourages business development, Scientific articles published by origin of author, International Telecommunication Union, World Telecommunication/ICT Indicators database, Data reproduced with the kind permission of ITU, National sources, Fixed telephone tariffs, GDP (PPP) per capita, Overall, Exports of goods - growth, Pension funding is adequately addressed for the future, Companies are very good at using big data and analytics to support decision-making, Gross fixed capital formation - real growth, Economic Performance, Scientific research legislation, Percentage of GDP, Health infrastructure meets the needs of society, Estimates based on preliminary data for the most recent year., Singapore: including re-exports., Value, Laws relating to scientific research do encourage innovation, % of GDP, Gross Domestic Product (GDP), Health Infrastructure, Digital transformation in companies is generally well understood, Industrial disputes, EE, Female / male ratio, State ownership of enterprises, Total expenditure on R&D (%), Score, Colombia, Estimates for the most recent year., Percentage change, based on US$ values, Number of listed domestic companies, Tax evasion is not a threat to your economy, Scientific articles, Tax evasion, % change, Use of big data and analytics, National sources, Disposable Income, Equal opportunity, Listed domestic companies, Government budget surplus/deficit (%), Pension funding, US$ per capita at purchasing power parity, Estimates; US$ per capita at purchasing power parity, Image abroad or branding, Equal opportunity legislation in your economy encourages economic development, Number, Article counts are from a selection of journals, books, and conference proceedings in S&E from Scopus. Articles are classified by their year of publication and are assigned to a region/country/economy on the basis of the institutional address(es) listed in the article. Articles are credited on a fractional-count basis. The sum of the countries/economies may not add to the world total because of rounding. Some publications have incomplete address information for coauthored publications in the Scopus database. The unassigned category count is the sum of fractional counts for publications that cannot be assigned to a country or economy. Hong Kong: research output items by the higher education institutions funded by the University Grants Committee only., State ownership of enterprises is not a threat to business activities, Protectionism does not impair the conduct of your business, Digital transformation in companies, Total final energy consumption per capita, Social cohesion is high, Rank, MTOE per capita, Percentage change, based on constant prices, US$ billions, National sources, World Trade Organization Statistics database, Rank, Score, Value, World Rankings

Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Mongolia, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Kingdom, Venezuela

Follow data.kapsarc.org for timely data to advance energy economics research.