List of African countries by GDP growth

YouTube Encyclopedic

1/5
Views:
304 689
93 020
21 630
702 285
2 337

Transcription

Economic growth in the early 2020s

According to 2024 estimates by the African Development Bank Group, African countries are projected to account for more than half of the world fastest growing economies; in particular, Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year.^[1]

Estimates of Real Gross Domestic Product (GDP) growth rate in 2023 show that most African countries were at the 5% growth mark.^[2] 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 different picture, with Niger leading economic growth at 11.5%, South Sudan receding at a rate of -10.8% and the continent as a whole seeing an average of 4.2% growth.^[3]

2017 growth figures

This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in African states for 2017 recorded in the CIA World Factbook. Only fully recognised sovereign states with United Nations membership are included on this list.

List

Real GDP Growth Rates in Africa (2017)^[4]

Rank	Country	GDP growth rate (%)	Year
1	Libya	55.1	2017 est.
2	Ethiopia	8.5	2017 est.
3	Ivory Coast	7.6	2017 est.
4	Djibouti	7	2017 est.
5	Senegal	6.8	2017 est.
6	Guinea	6.7	2017 est.
7	Tanzania	6.5	2017 est.
8	Burkina Faso	6.4	2017 est.
9	Rwanda	6.2	2017 est.
10	Sierra Leone	6	2017 est.
11	Ghana	5.9	2017 est.
12	Benin	5.4	2017 est.
13	Mali	5.3	2017 est.
14	Kenya	5	2017 est.
14	Togo	5	2017 est.
14	Guinea-Bissau	5	2017 est.
14	São Tomé and Príncipe	5	2017 est.
18	Morocco	4.8	2017 est.
19	Central African Republic	4.7	2017 est.
19	Mozambique	4.7	2017 est.
21	Lesotho	4.6	2017 est.
22	Botswana	4.5	2017 est.
22	Malawi	4.5	2017 est.
24	Uganda	4.4	2017 est.
25	Madagascar	4.3	2017 est.
26	Niger	4.2	2017 est.
27	Seychelles	4.1	2017 est.
27	Egypt	4.1	2017 est.
29	Cameroon	4	2017 est.
29	Cape Verde	4	2017 est.
29	Zambia	4	2017 est.
32	Mauritius	3.9	2017 est.
33	Mauritania	3.8	2017 est.
34	Sudan	3.7	2017 est.
35	Eritrea	3.3	2017 est.
35	Comoros	3.3	2017 est.
37	Gambia	3	2017 est.
38	Democratic Republic of the Congo	2.8	2017 est.
38	Zimbabwe	2.8	2017 est.
40	Liberia	2.6	2017 est.
41	Somalia	2.4	2017 est.
42	Tunisia	2.3	2017 est.
43	Algeria	1.5	2017 est.
43	Angola	1.5	2017 est.
45	Gabon	1	2017 est.
46	Namibia	0.8	2017 est.
46	Nigeria	0.8	2017 est.
48	South Africa	0.7	2017 est.
49	Chad	0.6	2017 est.
50	Eswatini	0.3	2017 est.
51	Burundi		2017 est.
52	Republic of the Congo	3.6	2017 est.
53	South Sudan	6.3	2017 est.
54	Equatorial Guinea	7.4	2017 est.

References

^ "Africa dominates list of the world's 20 fastest-growing economies in 2024 - African Development Bank says in macroeconomic report". African Development Bank Group. Retrieved 2024-05-06.
^ "Real Gross Domestic Product (GDP) growth rate in African countries in 2023". Statista.com. Retrieved 2024-05-06.
^ "GDP growth (annual %) - Sub-Saharan Africa". World Bank. Retrieved 2024-05-06.
^ ""Country Comparison : GDP - Real Growth Rate", CIA World Factbook, accessed 28 July 2017". Cia.gov. Archived from the original on June 13, 2007. Retrieved 2017-07-28.

v t e Lists of countries by GDP rankings
Nominal	Per capita Past and projected per capita Sector composition
Purchasing power parity (PPP)	Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically
Growth rate	African countries Asian states European Union member states European countries Latin American and Caribbean countries Oceanian countries Per capita 1980–2010 growth Industrial growth
Gross national income (GNI)	PPP per capita Nominal per capita
Countries by region	Africa PPP nominal Commonwealth of Nations PPP nominal Latin America & Caribbean PPP nominal North America PPP nominal nominal per capita South America PPP Arab League nominal and per capita PPP and per capita ASEAN subdivision Asia Asia & Pacific nominal PPP Former Soviet Republics Europe PPP PPP per capita nominal nominal per capita Oceania GDP
Subnational divisions	Albania Argentina Australia Austria Baltic States Belarus Belgium Brazil Bulgaria Canada cities Chile per capita China per capita cities prefectures Colombia Croatia Czech Republic Egypt Finland France per capita Georgia Germany per capita cities Greece Hungary India PPP per capita Indonesia per capita cities regencies Italy nominal per capita Japan per capita Kazakhstan Kenya Malaysia Mexico per capita Mongolia Netherlands Nigeria Nepal Norway Pakistan Peru Philippines Poland Portugal Romania Russia per capita Saudi Arabia Serbia Slovakia South Africa per capita South Korea Spain Sweden Switzerland Ukraine United Kingdom per capita United States counties cities Taiwan Tanzania Thailand Turkey Vietnam OECD Top country subdivisions by GDP Top country metropolitan by GDP
Lists of countries by financial rankings List of international rankings Lists by country

Economic classification of countries

Three-World Model

Gross domestic product (GDP)

Nominal	By country past and projected per capita per capita
Purchasing power parity (PPP)	By country future estimates per capita per capita per person employed