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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]
Kuwait was the world's biggest exporter of sulfonated, nitrated and nitrosated hydrocarbons in 2019. [121] Kuwait was ranked 63rd out of 157 countries in the 2019 Economic Complexity Index (ECI). [121] Iraq was Kuwait's leading export market in 2019 and food/agricultural products accounted for 94.2% of total export commodities. [122]
Country GDP (PPP) per capita (2022, 2022 US$) [1] [failed verification] Algeria 13,715 Angola 7,360 Benin 3,767 Botswana 19,287 Burkina Faso 2,461 Burundi 791 Cape Verde
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.
Middle Africa: Lower middle income 42.2 2021 46.64 2014 Democratic Republic of the Congo: Middle Africa: Low income 44.7 2020 Republic of the Congo: Middle Africa: Lower middle income 48.9 2011 48.94 2012 Colombia: South America: Upper middle income 54.8 2022 52.90 2021 Comoros: Eastern Africa: Lower middle income 45.3 2014 45.33 2014
Sub-Saharan Africa Low income 78.9%: 92.1%: 97.7% 2020 Republic of the Congo: Sub-Saharan Africa Lower middle income N/A Colombia: Latin America & Caribbean Upper middle income 6.0%: 14.0%: 34.8% 2022 Comoros: Sub-Saharan Africa Lower middle income N/A Cape Verde: Sub-Saharan Africa Lower middle income N/A Costa Rica
East Africa's central business hub and Kenya's capital, Nairobi. Cape Peninsula of Cape Town, Africa's southernmost city and the second largest one in South Africa, also its legislative capital. Kampala is the hub of Uganda. View of Algiers: Algeria's metropolis is one of the most important economic and traditional centres in North Africa.
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [19] were living in 53 countries in Africa. Africa is a resource-rich continent. [20] [21] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [22]