List of African countries by GDP growth explained
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.[1]
Estimates of Real Gross Domestic Product (GDP) growth rate in 2023 show that most African countries were at the 5% growth mark.[2] At that time, Libya was leading the continent at 17.5%, with Senegal following at 8.3%. DRC, Côte d'Ivoire and Rwanda also made the top five performing countries. 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]
2017 growth figures
This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in African states for 2017 recorded in the CIA World Factbook. Only fully recognised sovereign states with United Nations membership are included on this list.
List
| Real GDP Growth Rates in Africa (2017)[4] |
| Rank | Country | GDP growth
rate (%) | Year |
|---|
| 1 | | 55.1 | 2017 est. | | 2 | | 8.5 | 2017 est. | | 3 | | 7.6 | 2017 est. | | 4 | | 7 | 2017 est. | | 5 | | 6.8 | 2017 est. | | 6 | | 6.7 | 2017 est. | | 7 | | 6.5 | 2017 est. | | 8 | | 6.4 | 2017 est. | | 9 | | 6.2 | 2017 est. | | 10 | | 6 | 2017 est. | | 11 | | 5.9 | 2017 est. | | 12 | | 5.4 | 2017 est. | | 13 | | 5.3 | 2017 est. | | 14 | | 5 | 2017 est. | | 14 | | 5 | 2017 est. | | 14 | | 5 | 2017 est. | | 14 | | 5 | 2017 est. | | 18 | | 4.8 | 2017 est. | | 19 | | 4.7 | 2017 est. | | 19 | | 4.7 | 2017 est. | | 21 | | 4.6 | 2017 est. | | 22 | | 4.5 | 2017 est. | | 22 | | 4.5 | 2017 est. | | 24 | | 4.4 | 2017 est. | | 25 | | 4.3 | 2017 est. | | 26 | | 4.2 | 2017 est. | | 27 | | 4.1 | 2017 est. | | 27 | | 4.1 | 2017 est. | | 29 | | 4 | 2017 est. | | 29 | | 4 | 2017 est. | | 29 | | 4 | 2017 est. | | 32 | | 3.9 | 2017 est. | | 33 | | 3.8 | 2017 est. | | 34 | | 3.7 | 2017 est. | | 35 | | 3.3 | 2017 est. | | 35 | | 3.3 | 2017 est. | | 37 | | 3 | 2017 est. | | 38 | | 2.8 | 2017 est. | | 38 | | 2.8 | 2017 est. | | 40 | | 2.6 | 2017 est. | | 41 | | 2.4 | 2017 est. | | 42 | | 2.3 | 2017 est. | | 43 | | 1.5 | 2017 est. | | 43 | | 1.5 | 2017 est. | | 45 | | 1 | 2017 est. | | 46 | | 0.8 | 2017 est. | | 46 | | 0.8 | 2017 est. | | 48 | | 0.7 | 2017 est. | | 49 | | 0.6 | 2017 est. | | 50 | | 0.3 | 2017 est. | | 51 | | | 2017 est. | | 52 | | 3.6 | 2017 est. | | 53 | | 6.3 | 2017 est. | | 54 | | 7.4 | 2017 est. | |
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See also
Notes and References
- Web site: Africa dominates list of the world’s 20 fastest-growing economies in 2024 - African Development Bank says in macroeconomic report. . African Development Bank Group . 2024-05-06.
- Web site: Real Gross Domestic Product (GDP) growth rate in African countries in 2023. . Statista.com . 2024-05-06.
- Web site: GDP growth (annual %) - Sub-Saharan Africa. . World Bank . 2024-05-06.
- Web site: "Country Comparison : GDP - Real Growth Rate", CIA World Factbook, accessed 28 July 2017 . https://web.archive.org/web/20070613004530/https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html . dead . June 13, 2007 . Cia.gov . 2017-07-28.
