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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]
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 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.
In 2019, the country was the world's 3rd largest producer of platinum [62] and the 6th largest world producer of lithium. [63] In the production of gold , in 2017 the country produced 23.9 tons. [ 64 ]
Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat. Products with more evenly distributed production see more frequent changes in the ranking of the top producers.
Here are more answers to questions about money and currency in the world today. Which currency is the most valuable in the world? The most valuable currency in the world is the Kuwaiti Dinar (KWD ...
The government then initiated investments in infrastructure. By 2005, the Kenyan public debt had reduced from highs of 80% of GDP in 2002 to 27% of GDP in 2005. The financial sector greatly improved, and Equity Bank Kenya became one of the largest banks in East Africa. Economic growth improved from 2% in 2003 to 7% in 2007. [49]
20.8 million tons of cassava (4th largest producer in the world, second only to Nigeria, Thailand and Congo); 7.8 million tonnes of yam (2nd largest producer in the world, second only to Nigeria); 4.1 million tons of plantain (2nd largest producer in the world, just behind Congo); 2.6 million tons of palm oil (8th largest producer in the world);