Industry Overview
Digital & Trend reports
Overview and forecasts on trending topics
Industry & Market reports
Industry and market insights and forecasts
Companies & Products reports
Key figures and rankings about companies and products
Consumer & Brand reports
Consumer and brand insights and preferences in various industries
Politics & Society reports
Detailed information about political and social topics
Country & Region reports
All key figures about countries and regions
Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories
Insights on consumer attitudes and behavior worldwide
Business information on 100m+ public and private companies
Explore Company Insights
Detailed information for 39,000+ online stores and marketplaces
Directly accessible data for 170 industries from 150+ countries and over 1 Mio. facts.
Statista+ offers additional, data-driven services, tailored to your specific needs. As your partner for data-driven success, we combine expertise in research, strategy, and marketing communications to deliver comprehensive solutions. Contact us directly for your individual offer.
Full-service market research and analytics
Strategy and business building for the data-driven economy
Transforming data into content marketing and design
Statista R identifies and awards industry leaders, top providers, and exceptional brands through exclusive rankings and top lists in collaboration with renowned media brands worldwide. For more details, visit our website.
South Africa’s GDP amounted to just over 373 billion U.S. dollars in 2024, the highest in Africa. Egypt followed, with a GDP worth around 347.6 billion U.S. dollars and ranked as the second-highest on the continent. Algeria ranked third, with about 266.8 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide.
Dependency on oil
For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the second quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value.
The giants do not make the ranking
Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.
Use Ask Statista Research Service
June 2024
Africa
2024
Current prices.
The release date is the date of access.
International
Gross domestic product (GDP) in India 2029
Economy
Countries with the lowest estimated GDP per capita 2023
Economy
Countries with the largest gross domestic product (GDP) per capita 2023
Economy
Countries with the largest gross domestic product (GDP) 2024
* For commercial use only
Basic Account
Starter Account
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
Global and regional data
Country rankings
Country comparison
Industry comparison
Impact of the coronavirus (COVID-19) on global GDP
Forecasts
Further related statistics
* For commercial use only
Basic Account
Starter Account
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
About The Author
More Stories
Anatomy of a Scam
Climate and Environmental Sustainability Within the IETF and IRTF
From Commitments to Practice: Internet Society’s Priorities for WSIS+20 Implementation