Half of Africa's GDP Comes From Just 5 Countries


Africa’s economic landscape is heavily influenced by five key nations: Nigeria, Egypt, South Africa, Algeria, and Ethiopia. According to the 2024 GDP forecast:

These five countries collectively contribute $1.4 trillion, accounting for half of Africa’s GDP.

The remaining 49 nations on the continent also contribute $1.4 trillion.


Key Highlights:

Nigeria remains Africa’s largest economy.

Egypt is expected to overtake South Africa as the continent’s second-largest economy by 2027.


This stark concentration of economic power underscores the varying levels of development across the continent.

Sources: International Monetary Fund (IMF), Bloomberg

What does this mean for Africa’s future growth? Share your thoughts below!


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