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Business / 1 week ago
These five countries are the propellers of Africa's GDP for 2025
Africa's total GDP comes from just five countries. These countries are Nigeria, South Africa, Egypt, Algeria and Ethiopia, whose combined output in 2024 is estimated at around $1.4 trillion, roughly equal to the GDP of the other 49 African countries combined. Africa's total GDP comes from just five countries. These countries are Nigeria, South Africa, Egypt, Algeria and Ethiopia, whose combined output in 2024 is estimated at around $1.4 trillion, roughly equal to the GDP of the other 49 African countries combined. According to data from the International Monetary Fund (IMF) and the World Bank, Africa’s total GDP in 2024 stands at just under $3 trillion, with these five economies accounting for close to 50% of that figure. Nigeria remains Africa’s largest economy, driven by population size, services and energy exports, while South Africa continues to dominate in financial services, manufacturing and capital markets.
Business / 1 year ago
Top 5 largest economies in Africa in 2024
The International Monetary Fund (IMF) has released its latest projections for the largest economies in Africa for 2024. These rankings are based on Gross Domestic Product (GDP) at current prices, reflecting the economic strength and growth potential of each country.
