Africa GDP
The African economy, comprising 54 economies, in 2022 is projected around US$2.96 trillion in nominal terms, $200 billion more than 2021, calculated by taking figures from the IMF. This is $476 billion less than United Kingdom GDP, the 6th largest economy in the world. Africa accounts for 2.9% of the world GDP in nominal terms. Africa is the 2nd smallest continental economy in the world after Oceania. In ppp methods, It is 3rd smallest continental economy after Oceania and South America, accounting and 5.0% (8.04 trillion) of global wealth.
In PPP data, Egypt is the largest economy in Africa, followed by Nigeria and South Africa. Two economies would have GDP above Int. $1 trillion in 2022 and 17 would have an economy of above Int. $100 billion. Ghana will surpass Sudan to become the 9th largest economy in Africa. None of the African economies are in the list of the top twenty largest economies globally, and only four economies are within the top 50 world GDP ranking.
African Subregions by GDP 2022 (IMF)
No Data Found
Africa GDP (1995-2022)
| Year | GDP (Billion US$) | Share (%) |
|---|---|---|
| 2022 | 2,965,000 | 2.9 |
| 2021 | 2,692.597 | 2.8 |
| 2020 | 2,396.739 | 2.7 |
| 2019 | 2,460.600 | 2.81 |
| 2018 | 2,368.470 | 2.75 |
| 2017 | 2,244.980 | 2.77 |
| 2016 | 2,163.420 | 2.84 |
| 2015 | 2,314.900 | 3.09 |
| 2014 | 2,558.090 | 3.22 |
| 2013 | 2,452.630 | 3.17 |
| 2012 | 2,391.680 | 3.18 |
| 2011 | 2,201.500 | 2.99 |
| 2010 | 1,969.810 | 2.97 |
| 2009 | 1,686.630 | 2.79 |
| 2008 | 1,795.360 | 2.81 |
| 2007 | 1,523.680 | 2.62 |
| 2006 | 1,308.610 | 2.54 |
| 2005 | 1,128.070 | 2.37 |
| 2004 | 953.930 | 2.17 |
| 2003 | 784.850 | 2.01 |
| 2002 | 660.590 | 1.90 |
| 2001 | 642.430 | 1.92 |
| 2000 | 655.210 | 1.95 |
| 1999 | 638.480 | 1.95 |
| 1998 | 629.340 | 2.00 |
| 1997 | 637.220 | 2.01 |
| 1996 | 616.090 | 2.94 |
| 1995 | 586.930 | 1.88 |