View text source at Wikipedia

List of African countries by GDP growth

Economic growth in the early 2020s

[edit]

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

[edit]

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

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

See also

[edit]

References

[edit]
  1. ^ "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.
  2. ^ "Real Gross Domestic Product (GDP) growth rate in African countries in 2023". Statista.com. Retrieved 2024-05-06.
  3. ^ "GDP growth (annual %) - Sub-Saharan Africa". World Bank. Retrieved 2024-05-06.
  4. ^ ""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.