Facts, Popular

Top 20 Largest Economies in Africa

3. Egypt – GDP: $275.748 Billion

Officially the Arab Republic of Egypt, this transcontinental country entered political uncertainty after the ouster of president Mohamed Morsi in July 2013. Economic growth has been just above the 2 percent mark in the fiscal years 2011/12 and 2012/13. Egypt’s economy is one of the largest and most diversified in the Middle East. Tourism, agriculture, services and industry contribute to GDP growth significantly.

Cairo-City-Egypt

2. South Africa – GDP: $341.216 Billion

The slow pace of global economic growth continued to impact South Africa’s development negatively. With around 25 percent of the population without work, unemployment is the nation’s biggest social challenge. The growth reached 1.9 percent in 2013 compared to 2.5 percent in 2012.

Central_Cape_Town-South-Africa

1. Nigeria – GDP: $594.257 Billion

Nigeria is classified as a mixed economy emerging market. Its stock exchange is the second largest in Africa. This federal constitutional republic rebased its GDP from 1990 to 2010. This resulted in an 89 percent increase in the estimated size of the economy. Due to this Nigeria is the largest economy in Africa.

Abuja-city2

Oil and gas revenue have contributed significantly to the economy of many nations in Africa. However, there is immense scope for improvement in the living conditions of many people in this wonderful continent.

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14 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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    • 11

      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. 12

    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. 13

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

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