10. Ethiopia – GDP: $51 Billion
Ethiopia’s economy grew by 9.7 percent in 2012/13. Growth has been robust during the last decade.
9. Kenya – GDP: $56.3 Billion
Kenya’s growth in the first three quarters of 2013 (5.2 percent, 4.3 percent and 4.6 percent) was driven by tourism, financial intermediation, agriculture and construction. The nation is recovering from the slowdown it went through in 2011.
8. Sudan – GDP: $63 Billion
The nation’s real GDP grew by 3.6 percent in 2013. The growth was driven by mining and agriculture; and the inflows from oil transit fees and the transitional financial arrangement (TFA) with South Sudan.
7. Libya – GDP: $67,622 Billion
Officially the State of Libya, this country had the highest HDI in Africa in 2009. The civil war and NATO led military intervention in 2011 affected the economy negatively. According to the Libyan Ministry of Economy, GDP declined sharply in 2013 due to oil blockades. It is expected to rebound during 2014/15. The nation’s economy depends upon revenue from the oil sector, which accounts for 80 percent of GDP.