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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):
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.
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 the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Figures are given in international dollars according to the International Monetary Fund. [1]
The following lists show the latest figures for GDP and GDP per capita. Most figures are 2017 data from the International Monetary Fund; figures for dependent territories (both GDP [1] [2] and GDP per capita [3]) are 2016 data from the United Nations. Figures from other sources and years are noted as such.
September 5, 2024 at 5:32 AM. By Duncan Miriri. NAIROBI (Reuters) - The impact of global warming is costing African nations up to 5% of their economic output, the United Nations climate chief said ...
This article includes a list of continents of the world sorted by their gross domestic product (GDP), the market value of all final goods and services from a continent in a given year. The GDP dollar estimates presented here 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 ...