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Following 1996, at the end of over twelve years of international sanctions, South Africa's nominal gross domestic product (GDP) almost tripled to a peak of US$416 billion in 2011. In the same period, foreign exchange reserves increased from US$3 billion to nearly US$50 billion, creating a diversified economy with a growing and sizable middle ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund. [1]
Country GDP (PPP) GDP per capita Peak year Africa [2] 10,155.027: 5,921.88: 2024 Egypt 2,231.822: 14,927.59: 2024 Nigeria 1,489.832: 5,852.61: 2024 South Africa 993. ...
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.
Largest economies in the world by GDP (nominal) in 2024 ... is the market value of all final goods and services from a nation in a given year. [2] ... South Africa ...
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies ... South Africa: 993,750: 2024:
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]
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates.