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On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5] As of 2024 South Africa pioneers leading the way forward as the economic engine of Africa as is illustrated in the data below: Map of Africa by 2020 nominal GDP (billions USD):
However, as of 2013, Africa was the world's fastest-growing continent at 5.6% a year, and GDP is expected to rise by an average of over 6% a year between 2013 and 2023. [ 12 ] [ 18 ] In 2017, the African Development Bank reported Africa to be the world's second-fastest growing economy, and estimates that average growth will rebound to 3.4% in ...
This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). GDP (PPP) per capita is given in international dollars. Note that the list excludes overseas departments Mayotte and Réunion (France), both west of Mauritius.
By measuring GDP by purchasing power parity (PPP), the African Union's economy totals US$3,553”Trillion, ranking it 11th after European Union. At the same time, they have a combined total debt of US$180” Billion. The AU has only 2% of the world's international trade. But a greater proportion of real commodity traded worldwide to include ...
Toggle the table of contents. List of African countries by GDP (PPP) 5 languages. ... GDP (PPP) GDP per capita Peak year Africa [2] 9,490.335: 5,921.88: 2024
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
At that time, Libya was leading the continent at 17.5%, with Senegal following at 8.3%. DRC, Côte d'Ivoire and Rwanda also made the top five performing countries. At the bottom of the list, South Africa had a growth rate of 0.1% while Equatorial Guinea’s economy had receded with a rate of -1.8%. World Bank estimates for 2022 presented a ...
World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.