Facts, Popular

Top 20 Largest Economies in Africa

With an area of about 30.2 million square kilometers, Africa is world’s second largest continent. It is also world’s second most populous continent. 1.111 billion people (2013) live in Africa.

Algeria is the largest country (by area) in Africa; and Nigeria is the largest country by population. In early 2014 Nigeria surpassed South Africa as Africa’s largest economy.

Here is a brief overview of the largest economies in Africa:

20. Equatorial Guinea – GDP: $15.396 billion

Oil and gas contribute significantly to Equatorial Guinea’s economy. The economy of Equatorial Guinea was affected by recession in 2013. It was due to fall in revenue from oil and lower oil and gas output. It experienced negative GDP growth of -1.4 percent after positive 5.3 percent growth in 2012. Experts estimate negative growth in 2014 (-1.8 percent) and 2015 (-8.5 percent).

Equatorial Guinea

19. Gabon – GDP: $20.664 Billion

Vigorous public investment, revenue from forestry, rising oil prices, revenue from mining, membership of the franc zone and private investment have contributed to Gabon’s macroeconomic stability. The country’s GDP grew by 5.5 percent in 2013.

Libreville Gabon

18. Zambia – GDP: $22.416 Billion

Zambia’s growth in real terms decreased to 6.5 percent in 2013. This was mainly due to a reduction in agricultural output. Copper contributes about 70 percent to the nation’s export earnings.

Zambia

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12 Comments

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  2. 2

    Great work. But, why is Egypt described as “trans-continental” when it is 100% on the African tectonic plate (African continent)?

    • 3

      Sinai represents Egypt’s Asian part, as the border between Africa and Asia is drawn along the Suez Canal. Sinai borders to Israel and Palestine to the northeast. To the north lies the Mediterranean Sea, to the west the Gulf of Suez, to the east Gulf of Aqba

  3. 4

    South Africa regained the number one spot again in November 2016,,Guess the Nigerians didnt pay their bribe in 2017, how did it feel to be number 1 for a few months lol

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    • 10

      Really??? I think you need to come to Nigeria and See for yourself; some cites in Nigeria have larger GDP than most countries in Africa. For instance, Lagos alone is the 4th Largest economy in Africa if Lagos was to be a country, so be informed, don’t just open your mouth and rant!

  6. 11

    where is Ghana? useless state, a highly corrupt state called Ghana, from the president to his ministers down to the basic school pupil all are corrupt. Aimless state with useless constitution, you call it a nation?

  7. 12

    yes Lagos is the 4th largest economy in Africa, check the difference gap Nigeria and you will notice the differnce

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