Africa’s economies are only fair for a few countries on the African continent; Africa’s economies include trade, industry, and agriculture. The area is made up of 54 separate nations. According to GDP per capita Africa is the world’s poorest continent. The continent’s overall GDP is roughly 2.2 trillion US dollars, with per capita growth of about 5.16 percent from 2004 to 2006, and GDP per capita of 1,200 to 1,500 US dollars. Africa has 100,000 millionaires, accounting for approximately 0.01 percent of the global total. Agriculture, mining and drilling, and manufacturing are expanding sectors of the economy. South Africa has the world’s largest economy, with a GDP of over 555 billion US dollars, the per capita income is low.
The following list of 20 Largest Economy in African Continent referred from the different sources such as the World Bank, International Monetary Fund.
Rank | Countries | GDP (In US $ Billions) |
---|---|---|
1 | South Africa | 408.074 |
2 | Nigeria | 238.92 |
3 | Egypt | 235.719 |
4 | Algeria | 190.709 |
5 | Angola | 100.948 |
6 | Morocco | 99.241 |
7 | Sudan | 64.75 |
8 | Tunisia | 46.36 |
9 | Ghana | 37.158 |
10 | Libya | 36.874 |
11 | Kenya | 34.796 |
12 | Ethiopia | 31.256 |
13 | Cameroon | 25.759 |
14 | Ivory Coast | 24.096 |
15 | Tanzania | 23.333 |
16 | Equatorial Guinea | 19.805 |
17 | Zambia | 19.206 |
18 | Botswana | 17.57 |
19 | Uganda | 16.81 |
20 | Gabon | 16.176 |
21 | Democratic Republic of the Congo | 15.668 |
22 | Republic of the Congo | 14.769 |
23 | Senegal | 14.461 |
24 | Mozambique | 12.827 |
25 | Namibia | 12.461 |