Africa’s biggest GDP players compared

In 2011, Africa’s contribution to the global GDP was approximately 3,5% – and despite showing relatively weak growth projections for the next few years, South Africa remains Africa’s biggest contributor to the continent’s GDP.

According the International Monetary Fund’s (IMF) 2011 report, the world’s Gross Domestic Product (GDP) is approximately $69,659.626 billion. Of that total, North Africa (and the Middle East) and Sub-Saharan Africa contribute $1,270 billion and $1,167 billion, reflecting 3,5% of the global GDP.

South Africa is currently Africa’s biggest contributor to the continent’s GDP, representing the continent’s largest economy despite showing relatively low ‘real’ growth year-on-year. In 2012, the IMF’s projections show South Africa having the lowest Real growth in Sub-Saharan Africa.

In 2011, Nigera overtook Egypt as Africa’s second biggest economy by GDP, while Ghana’s sharp spike in growth effectively pushed Kenya off of the top 10 list.

GDP Real growth (%) of top 10 African countries

Country 2011 2012* 2013*
South Africa 3.1 2.7 3.4
Nigeria 7.2 7.1 6.6
Egypt 1.8 1.5 3.3
Libya 4.0** 4.8** 3.7**
Algeria 2.5 3.1 3.4
Morocco 4.3 3.7 4.3
Angola 3.4 9.7 6.8
Sudan -3.9 -7.3 -1.5
Tunisia -0.8 2.2 3.5
Ghana 13.6 8.8 7.4

* Projected
** Calculated by regional average

Growth figures (2011, 2012, 2013) were calculated using the ‘real’ GDP growth as projected by the IMF, representing a GDP with inflation and other economical factors taken into account.

GDP of the top 10 African countries (measured in US$billion)

Country 2008 2009 2010 2011 2012* 2013*
South Africa 275.596 283.977 357.259 368.334 378.279 391.140
Nigeria 207.116 168.846 216.803 232.413 248.914 265.342
Egypt 162.435 188.608 218.466 222.398 225.734 233.183
Libya 170.228 139.763 160.270 166.681** 174.681** 181.144**
Algeria 128.879 151.374 143.482 147.069 151.628 156.783
Morocco 88.888 93.239 99.232 103.498 107.327 111.942
Angola 84.178 75.508 85.312 88.212 96.768 103.345
Sudan 58.028 55.802 68.441 65.772 60.971 60.057
Tunisia 44.878 43.523 44.290 43.936 44.902 46.474
Ghana 28.528 25.988 31.084 35.311 38.419 41.261

* Projected
** Calculated by regional average

Click to enlarge

Source: IMF (PDF), World Bank (PDF)

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Africa’s biggest GDP players compared