There are 1.33 billion people living across Africa, in 54 different countries, that produces $2.2 trillion in nominal GDP thanks to trade, agriculture and harvesting various sources of energy (oil being the dominant one in certain countries).
Not too long ago, in 2013, Africa was the world’s fastest-growing continent at 5.6% a year. Nowadays, the African Development Bank predicts an increase of 4.3% in yearly growth across the continent.
World Bank expects most of the African countries to reach a GDP per capita of at least $1,000 (ranking those as “middle income”) by 2025.
All nominal data in this article are based on World Bank latest reports.
How would Nigeria’s oil export affect its ranking? Does the government domination on the economy in Kenya helps its rank? How do countries like Ghana and Zimbabwe rank in comparison to Zambia and Uganda? Does South Africa’s complex social history hurt its economic growth? Which other countries occupy the top and bottom of this list?