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gdp
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.
World / 3 weeks ago
Half of global GDP comes from just 3.6% of the world — new data shows the imbalance
Only 3.6% of the world’s land area generates half of global GDP, a striking reminder of how unevenly economic power is distributed across the planet. Only 3.6% of the world’s land area generates half of global GDP, a striking reminder of how unevenly economic power is distributed across the planet. The regions highlighted, including parts of the United States, Western Europe, Japan, China’s major coastal hubs, and South Korea, represent the world’s most concentrated engines of productivity.
Business / 15 weeks ago
Germany’s $4.6 trillion economy rivals over 20 European nations combined
Germany’s economy remains a powerhouse — so large that its 2024 GDP equals the combined economic output of more than 20 European countries across Eastern and Northern Europe. With a nominal GDP of about $4.66 trillion, according to the World Bank and Trading Economics, Germany continues to dominate the European economic landscape despite recent headwinds.
Business / 21 weeks ago
Only a few countries boast bigger economies than California
The U.S. state of California, home to roughly 40 million people, towers over most sovereign nations in economic output. Recent data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA) show that the Golden State’s nominal gross domestic product (GDP) reached about $4.1 trillion in 2024.
Business / 22 weeks ago
Countries richer than the global average
Although the global average for GDP per capita at purchasing power parity (PPP) is estimated at roughly $24,250 in both 2024 and 2025, there are a few nations that surprisingly exceed the global average. According to the latest estimates from the International Monetary Fund (IMF) and the World Bank, countries exceeding the global PPP average span several regions.
Politics / 26 weeks ago
NATO defence spending soars: Poland and Estonia lead in 2024 military investment
NATO member states this week agreed to raise their defence investment target to 5% of GDP by 2035, replacing the longstanding 2% benchmark set in 2014. This landmark decision, confirmed during a joint summit and reported by Reuters, underscores the alliance’s heightened concern over geopolitical threats, particularly from Russia and China.
Business / 27 weeks ago
Poland’s economy surpasses combined output of 7 neighbouring nations
Poland’s economy has officially surged ahead of the combined GDP of seven of its eastern and southeastern neighbours, a striking indicator of the country’s rapid economic ascent and the deepening development divide across the region. According to IMF projections for 2025, Poland’s nominal GDP is set to hit $979 billion, outpacing the total economic output of Ukraine, Romania, Bulgaria, Belarus, Lithuania, Latvia, Estonia, and Moldova, which collectively reach $927 billion.
Business / 29 weeks ago
Top 10 African countries leading in diaspora remittances
In 2024, diaspora remittances surged to unprecedented levels, serving as a crucial element in Africa’s economic strength. Egypt received the highest amount of remittance inflows at $22.7 billion, followed by Nigeria with $19.8 billion and Morocco with $12 billion. Kenya ($4.8 billion) and Ghana ($4.6 billion) completed the top five rankings with strong annual growth rates.
Business / 30 weeks ago
The world's top 10 shadow economies
Despite a global decrease in informal economic activity, shadow economies still make up a significant portion of GDP in parts of Africa and South Asia. A new data from the Ernst & Young Global Shadow Economy Report 2025 reveals that Sierra Leone, Niger, and Nepal top this list, measured as a percentage of their national GDP. The global shadow economy, which comprises unreported and untaxed activities, now accounts for 11.8% of worldwide GDP, down from 17.7% in 2000.
