{"id":12018,"date":"2012-05-11T00:30:15","date_gmt":"2012-05-10T22:30:15","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=12018"},"modified":"2012-05-11T10:49:20","modified_gmt":"2012-05-11T08:49:20","slug":"africas-biggest-gdp-players-compared","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/12018\/africas-biggest-gdp-players-compared\/","title":{"rendered":"Africa’s biggest GDP players compared"},"content":{"rendered":"

In 2011, Africa’s contribution to the global GDP<\/a> 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.<\/p>\n

According the International Monetary Fund’s (IMF)<\/a> 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

GDP Real growth (%) of top 10 African countries<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
Country<\/strong><\/td>\n2011<\/strong><\/td>\n2012*<\/strong><\/td>\n2013*<\/strong><\/td>\n<\/tr>\n
South Africa<\/td>\n3.1<\/td>\n2.7<\/td>\n3.4<\/td>\n<\/tr>\n
Nigeria<\/td>\n7.2<\/td>\n7.1<\/td>\n6.6<\/td>\n<\/tr>\n
Egypt<\/td>\n1.8<\/td>\n1.5<\/td>\n3.3<\/td>\n<\/tr>\n
Libya<\/td>\n4.0**<\/td>\n4.8**<\/td>\n3.7**<\/td>\n<\/tr>\n
Algeria<\/td>\n2.5<\/td>\n3.1<\/td>\n3.4<\/td>\n<\/tr>\n
Morocco<\/td>\n4.3<\/td>\n3.7<\/td>\n4.3<\/td>\n<\/tr>\n
Angola<\/td>\n3.4<\/td>\n9.7<\/td>\n6.8<\/td>\n<\/tr>\n
Sudan<\/td>\n-3.9<\/td>\n-7.3<\/td>\n-1.5<\/td>\n<\/tr>\n
Tunisia<\/td>\n-0.8<\/td>\n2.2<\/td>\n3.5<\/td>\n<\/tr>\n
Ghana<\/td>\n13.6<\/td>\n8.8<\/td>\n7.4<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

* Projected<\/small>
\n** Calculated by regional average<\/small><\/p>\n

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.<\/p>\n

GDP of the top 10 African countries (measured in US$billion)<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
Country<\/strong><\/td>\n2008<\/strong><\/td>\n2009<\/strong><\/td>\n2010<\/strong><\/td>\n2011<\/strong><\/td>\n2012*<\/strong><\/td>\n2013*<\/strong><\/td>\n<\/tr>\n
South Africa<\/td>\n275.596<\/td>\n283.977<\/td>\n357.259<\/td>\n368.334<\/td>\n378.279<\/td>\n391.140<\/td>\n<\/tr>\n
Nigeria<\/td>\n207.116<\/td>\n168.846<\/td>\n216.803<\/td>\n232.413<\/td>\n248.914<\/td>\n265.342<\/td>\n<\/tr>\n
Egypt<\/td>\n162.435<\/td>\n188.608<\/td>\n218.466<\/td>\n222.398<\/td>\n225.734<\/td>\n233.183<\/td>\n<\/tr>\n
Libya<\/td>\n170.228<\/td>\n139.763<\/td>\n160.270<\/td>\n166.681**<\/td>\n174.681**<\/td>\n181.144**<\/td>\n<\/tr>\n
Algeria<\/td>\n128.879<\/td>\n151.374<\/td>\n143.482<\/td>\n147.069<\/td>\n151.628<\/td>\n156.783<\/td>\n<\/tr>\n
Morocco<\/td>\n88.888<\/td>\n93.239<\/td>\n99.232<\/td>\n103.498<\/td>\n107.327<\/td>\n111.942<\/td>\n<\/tr>\n
Angola<\/td>\n84.178<\/td>\n75.508<\/td>\n85.312<\/td>\n88.212<\/td>\n96.768<\/td>\n103.345<\/td>\n<\/tr>\n
Sudan<\/td>\n58.028<\/td>\n55.802<\/td>\n68.441<\/td>\n65.772<\/td>\n60.971<\/td>\n60.057<\/td>\n<\/tr>\n
Tunisia<\/td>\n44.878<\/td>\n43.523<\/td>\n44.290<\/td>\n43.936<\/td>\n44.902<\/td>\n46.474<\/td>\n<\/tr>\n
Ghana<\/td>\n28.528<\/td>\n25.988<\/td>\n31.084<\/td>\n35.311<\/td>\n38.419<\/td>\n41.261<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

* Projected<\/small>
\n** Calculated by regional average<\/small><\/p>\n

\"\"<\/a>

Click to enlarge<\/p><\/div>\n

Source: IMF<\/a> (PDF), World Bank<\/a> (PDF)<\/p>\n

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In 2011, Africa’s contribution to the global GDP was approximately 3,5% – BusinessTech looks at the 10 biggest economies on the continent which contributed most to that number.<\/p>\n","protected":false},"author":14,"featured_media":12170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1174,2721,2720,26,2722],"class_list":["post-12018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-africa","tag-economics","tag-gdp","tag-headline","tag-imf"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/12018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=12018"}],"version-history":[{"count":18,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/12018\/revisions"}],"predecessor-version":[{"id":52504,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/12018\/revisions\/52504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/12170"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=12018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=12018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=12018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}