List of African countries by GDP

Source International Monetary Fund World Economic Outlook (October-2021)
Date05 Oct 2021

In nominal terms, Nigeria is the largest economy in Africa, followed by South Africa and Egypt. These three together account for almost half of the African economy. GDP of 3rd rank Egypt is more than double of 4th ranked Algeria. São Tomé and Príncipe is the smallest economy in Africa.

None of the African economies would have gdp above $500 billion, and six would have an economy of above $100 billion. In 2021, South Africa will overtake Egypt to become the 2nd largest economy in Africa. Angola will overtake Côte d'Ivoire and Tanzania to become the 9th largest economy. None of the African economies are in the list of the top twenty largest economies in the world, and only three economies are within the top 50 world gdp ranking.

Out of 54 economies, gdp (nominal) of 52 economies would increase, and two economies would decrease in 2021 compared to 2020. With $80 bn, South Africa will be the top contributor, accounting for one-third of the increase in the African economy. Nigeria ($51 bn) and Egypt ($33 bn) are other top contributors. The two decliners would be Ethiopia, and South Sudan.

In ppp data, Egypt is the largest economy in Africa, followed by Nigeria and South Africa. Two economies would have gdp above Int. $1 trillion in 2021 and 16 would have an economy of above Int. $100 billion. Ghana will surpass Sudan to become the 9th largest economy in Africa. The African rank of Libya will be up by nine positions from 24th in 2020 to 17th in 2021. None of the African economies are in the list of the top twenty largest economies globally, and only four economies are within the top 50 world gdp ranking.

None of the African economies would see a decrease in 2021 compared to 2020. Egypt (Int. $91 bn), South Africa (Int. 70 bn), Nigeria (Int. $68 bn), Libya (Int. $51bn), and Algeria (Int. $35 bn) would be the top gainers.

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GDP (Nominal)

Country/Economy GDP (billions of $) Share (%) Rank
20202021ChangeAfricaWorld AfricaWorld
Algeria147.600163.81216.2126.290.173458
Angola58.37670.33911.9632.700.0741973
Benin15.67418.0672.3930.6930.019024122
Botswana15.06417.6052.5410.6760.018525124
Burkina Faso17.37819.9322.5540.7650.021021117
Burundi3.0403.1930.1530.1230.0033645164
Cabo Verde1.7071.8860.1790.07240.0019950173
Cameroon39.93844.8064.8681.720.04721391
Central African Republic2.3872.5870.2000.09930.0027346167
Chad10.83612.3451.5090.4740.013032141
Comoros1.2161.2810.0650.04920.0013553181
Democratic Republic of the Congo48.70754.8326.1252.100.05781286
Republic of Congo10.32912.7442.4150.4890.013430138
Côte d'Ivoire61.23168.8457.6142.640.07251175
Djibouti3.4403.6540.2140.1400.0038542160
Egypt363.245396.32833.08315.20.417336
Equatorial Guinea10.03612.5282.4920.4810.013231139
Eritrea2.0842.2540.1700.08650.0023748170
Eswatini3.9814.5170.5360.1730.0047640158
Ethiopia96.61192.757-3.8543.560.0977765
Gabon15.33918.2932.9540.7020.019323121
The Gambia1.8622.0420.1800.07840.0021549171
Ghana68.49875.4876.9892.900.0795872
Guinea15.38816.7241.3360.6420.017626127
Guinea-Bissau1.4341.5920.1580.06110.0016851178
Kenya102.427109.4917.0644.200.115662
Lesotho1.9992.4780.4790.09510.0026147169
Liberia3.0373.3840.3470.1300.0035643161
Libya19.21027.3008.0901.050.028818104
Madagascar13.17914.1010.9220.5410.014929134
Malawi11.84712.1500.3030.4660.012834143
Mali17.49119.5632.0720.7510.020622118
Mauritania8.1109.1641.0540.3520.0096537147
Mauritius10.92110.9980.0770.4220.011635144
Morocco114.602126.03511.4334.840.133560
Mozambique14.02915.8331.8040.6080.016727129
Namibia10.71012.2131.5030.4690.012933142
Niger13.76115.6371.8760.6000.016528131
Nigeria429.423480.48251.05918.40.506129
Rwanda10.33210.3950.0630.3990.010936146
São Tomé and Príncipe0.4770.5340.0570.02050.0005654188
Senegal24.68127.5762.8951.060.029017103
Seychelles1.1381.2880.1500.04940.0013652180
Sierra Leone4.2024.4070.2050.1690.0046441159
Somalia4.9905.4240.4340.2080.0057139154
South Africa335.344415.31579.97115.90.437233
South Sudan4.4403.263-1.1770.1250.0034444162
Sudan34.39635.9191.5231.380.03781699
Tanzania64.40369.2384.8352.660.07291074
Togo7.5868.4930.9070.3260.0089538149
Tunisia39.21942.7333.5141.640.04501593
Uganda38.14143.2435.1021.660.04561492
Zambia19.31921.6992.3800.8330.022920111
Zimbabwe21.92425.7913.8670.9900.027219109
Africa 2,396.739 2,692.597 295.858 2.84
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GDP per capita (PPP)

Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20202021ChangeAfricaWorld AfricaWorld
Algeria497.091532.56735.4767.690.3684433.368
Angola211.775217.9706.1953.150.1518663.628
Benin42.49346.4513.9580.6700.0321221162.711
Botswana36.35041.1104.7600.5930.0284251222.413
Burkina Faso47.59252.5955.0030.7590.0364201132.739
Burundi9.0479.5260.4790.1370.00659431602.976
Cabo Verde3.5453.8200.2750.05510.00264511742.077
Cameroon97.878105.0817.2031.520.072716912.451
Central African Republic4.7764.8990.1230.07070.00339491682.001
Chad26.47627.6881.2120.4000.0191331422.443
Comoros2.7312.8750.1440.04150.00199521762.246
Democratic Republic of the Congo102.254111.0908.8361.600.076815902.099
Republic of Congo19.89420.5780.6840.2970.0142371491.926
Côte d'Ivoire144.210158.30614.0962.280.10912762.355
Djibouti5.7636.2690.5060.09050.00433461651.675
Egypt1,290.0201,381.06091.04019.90.9551213.551
Equatorial Guinea25.16827.1561.9880.3920.0188341432.508
Eritrea6.4556.8830.4280.09930.00476451643.097
Eswatini10.18910.7170.5280.1550.00741421582.559
Ethiopia282.569298.57416.0054.310.2066582.925
Gabon33.62035.3481.7280.5100.0244281322.192
The Gambia5.5025.9770.4750.08630.00413471662.955
Ghana178.482193.62715.1452.790.1349712.606
Guinea37.03040.3493.3190.5820.0279261232.406
Guinea-Bissau4.3044.6070.3030.06650.00319501693.001
Kenya246.140269.28623.1463.890.1867622.403
Lesotho5.4105.7620.3520.08320.00398481672.706
Liberia7.2767.8070.5310.1130.00540441632.396
Libya39.14790.51351.3661.310.062617962.038
Madagascar43.22746.0892.8620.6650.0319231173.280
Malawi30.47932.2721.7930.4660.0223301362.573
Mali47.37751.0593.6820.7370.0353211142.709
Mauritania25.06926.6811.6120.3850.0184351443.091
Mauritius25.98328.2652.2820.4080.0195321412.379
Morocco276.391302.76526.3744.370.2095572.412
Mozambique40.54843.0412.4930.6210.0298241212.890
Namibia23.83625.0221.1860.3610.0173361452.226
Niger31.19334.0492.8560.4910.0235291352.267
Nigeria1,069.0401,136.80067.76016.40.7862262.489
Rwanda28.67231.2212.5490.4510.0216311372.775
São Tomé and Príncipe0.9280.9820.0540.01420.00068541861.945
Senegal58.64663.6444.9980.9180.0440191052.376
Seychelles2.4842.7510.2670.03970.00190531772.183
Sierra Leone13.78014.7330.9530.2130.0102401533.279
Somalia14.02114.7590.7380.2130.0102391522.810
South Africa792.333861.92969.59612.40.5963322.363
South Sudan10.90211.8960.9940.1720.00822411562.455
Sudan181.629189.8678.2382.740.13110725.281
Tanzania169.689182.87613.1872.640.12611732.635
Togo18.40619.9801.5740.2880.0138381502.426
Tunisia120.718128.8418.1231.860.089113823.078
Uganda106.825115.8839.0581.670.080114872.801
Zambia63.40666.3512.9450.9570.0459181033.282
Zimbabwe34.24437.2993.0550.5380.0258271281.562
Africa 6,653.013 7,187.546 534.533 4.97 2.669