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Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Figures are given in international dollars according to the International Monetary Fund.
Economic growth in the early 2020s 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. Estimates of Real Gross Domestic Product (GDP) growth rate in 2023 show that most ...
On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. The following lists summarise the GDP (nominal) of each continent by adding GDP (nominal) of each nation as per the seven-continent model, sorted by USD. The first list includes 2024 data estimates n1 for members of the International Monetary Fund.
The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. Non-sovereign entities (the world, continents, and some dependent territories ) and states with limited recognition (such as Kosovo , Palestine and Taiwan) are included in the list in cases in ...
The U.S.’s soft landing post-COVID has also helped: While the U.K. and many of Europe’s largest economies have stagnated, and growth in China is slowing, the U.S. economy has continued to ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
Advanced economies: 1.5 Emerging and Developing Asia: 5.2 Emerging and Developing Europe: 2.4 Emerging market and developing economies: 4.0 Euro area: 0.7 European Union: 0.7 Latin America and the Caribbean: 3.4 Major advanced economies (G7) 1.5 Middle East and Central Asia: 2.0 Other advanced economies: 1.8 Sub-Saharan Africa: 3.3 World 3.0