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.

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

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

South Africa concentrated the largest amount of private wealth in Africa as of 2021, some 651 billion U.S. dollars. Egypt, Nigeria, Morocco, and Kenya followed, establishing the five wealthier markets in the continent. The wealth value referred to assets, such as cash, properties, and business interests, held by individuals living in each country, with liabilities discounted. Overall, Africa counted in the same year approximately 136,000 high net worth individuals (HNWIs), each with net assets of one million U.S. dollars or more.

 COVID-19 and wealth constraints  

Africa held 2.1 trillion U.S. dollars of total private wealth in 2021. The amount slightly increased in comparison to the previous year, when the coronavirus (COVID-19) pandemic led to job losses, drops in salaries, and the closure of many local businesses. However, compared to 2011, total private wealth in Africa declined 4.5 percent, constrained by poor performances in Angola, Egypt, and Nigeria. By 2031, however, the private wealth is expected to rise nearly 40 percent in the continent.

 The richest in Africa 

Besides 125 thousand millionaires, Africa counted 6,700 multimillionaires and 305 centimillionaires as of December 2021. Furthermore, there were 21 billionaires in the African continent, each with a wealth of one billion U.S. dollars and more. The richest person in Africa is the Nigerian Aliko Dangote. The billionaire is the founder and chairman of Dangote Cement, the largest cement producer on the whole continent. He also owns salt and sugar manufacturing companies.

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

Agriculture and natural resources contribute the largest share of the economy of the Democratic Republic of Congo (DRC), Rwanda and Uganda. Agriculture contributes 42%, 40% and 24% of the GDP in DRC, Rwanda and Uganda respectively. The three countries are home to the largest tropical forests in sub-Saharan Africa (SSA). DRC alone accounts for 34% of the carbon stock in Africa, the largest contribution in Africa. Additionally, in each country, a large share of the population depends on agriculture and other natural resources. Despite the importance of the agricultural and natural resource sector, public investment in agriculture in all countries is low. In order to foster the development of agriculture in such a way that it will yield improvement in the livelihood of the smallholder farmers and other stakeholders in the sector, the Forum for Agricultural Research in Africa proposed the Integrated agricultural research for Development (IAR4D)to foster a paradigm change in the way ARD activities are conducted. The concept is a complete deviation from the conventional method as it entails a multi-sectoral and multi-institutional style, while it uses hard and soft sciences to generate solutions to the benefits of all the stakeholders on a platform. The program aims to conduct a proof of the IAR4D concept with a rigorous research design and as such require the baseline characteristics of the test environment. The baseline survey that was arranged covers the socio-economic characteristics, NRM component and market issues. This initial measurement will serve as the major long-term measure for monitoring the succes s of the IAR4D approach. Thus, the specific objectives of the baseline documentation 1. To establish the base measure of the socio-economic, NRM and market condition thereby establishing the basis for the project monitoring and evaluation (M &E) system 2. To establish or validate the indicator targets described in the M&E system. 3. To provide information to the IP partners who will inform members regarding the actual situation at the commencement of the project and also support the design of interventions for increased impact.

Morocco emerged as Africa's leading car exporter in 2024, with exports valued at approximately *********** U.S. dollars. This significant achievement highlights the growing importance of the automotive industry in the continent's economic landscape. South Africa followed behind, with around *********** U.S. dollars in car exports, while Uganda ranked third with a notably smaller ************ U.S. dollars. African automotive market dynamics Africa’s automotive sector is developing unevenly, with some regional markets expanding faster than others. In 2024, new vehicle sales increased slightly to over ************ units. South Africa drives much of the market, selling around ******* vehicles thanks to a mature auto industry and well-developed consumer market. Morocco, with ******* vehicles, and Egypt, with nearly ******, have also seen growth. Such trends reflect recent investments and increasing middle-class demand. These differences show the continent’s varied economic environments, with factors like infrastructure, local industries, and government policy shaping the pace of growth in each country. Vehicle preferences and export trends Passenger vehicles make up the bulk of Africa’s auto sales, with nearly ******* sold in 2024 compared to around ******* commercial vehicles. This reflects the growing demand for private cars, especially in urban centers and emerging middle classes. Brands like Nissan and Toyota have become especially popular in markets like Egypt, where their local assembly and dealer networks are strong. Morocco’s leading export position — *********** U.S. dollars in car shipments — shows how automotive production is positioning some African countries as key players in global trade, despite variable sales trends across the continent.

Exports in Uganda decreased to 947.30 USD Million in September from 1056.40 USD Million in August of 2025. This dataset provides the latest reported value for - Uganda Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.