Picturing the Gross Domestic Product of African Nations
| Country | 2024e |
|---|---|
| Eritrea | No data |
| South Africa | 401 |
| Nigeria | 395 |
| Egypt | 358 |
| Algeria | 239 |
| Ethiopia | 192 |
| Morocco | 157 |
| Kenya | 115 |
| Angola | 93 |
| Cote d’Ivoire | 87 |
| Tanzania | 86 |
| Ghana | 76 |
| Congo, Dem. Rep. of the | 73 |
| Uganda | 58 |
| Tunisia | 53 |
| Cameroon | 53 |
| Zimbabwe | 47 |
| Libya | 44 |
| Senegal | 35 |
| Zambia | 31 |
| Sudan | 26 |
| Guinea | 25 |
| Mozambique | 24 |
| Mali | 23 |
| Burkina Faso | 23 |
| Botswana | 22 |
| Benin | 22 |
| Gabon | 20 |
| Niger | 20 |
| Madagascar | 17 |
| Mauritius | 16 |
| Congo, Republic of | 15 |
| Rwanda | 14 |
| Namibia | 14 |
| Chad | 13 |
| Somalia | 12 |
| Malawi | 11 |
| Mauritania | 11 |
| Equatorial Guinea | 10 |
| Togo | 10 |
| South Sudan, Republic of | 7 |
| Eswatini | 5 |
| Liberia | 5 |
| Djibouti | 4 |
| Sierra Leone | 4 |
| Burundi | 3 |
| Central African Republic | 3 |
| Cabo Verde | 3 |
| Gambia, The | 3 |
| Lesotho | 3 |
| Guinea-Bissau | 2 |
| Seychelles | 2 |
| Comoros | 1 |
| Sao Tome and Principe | 1 |
Summary
The presentation focuses on GDP forecasts for African countries for the year 2024, sourced from the International Monetary Fund (IMF) as of October 2023.
Focus on South Africa
Mining is a significant contributor to South Africa’s GDP, accounting for approximately 60% of the country’s total exports in the first half of 2023. South Africa is a leading global producer of various minerals, including gold, diamonds, platinum, manganese, and others.
However, concerns about the long-term viability of South Africa’s mining industry have emerged since the pandemic. A PwC report suggests that the country’s gold industry may only last for another 30 years without new investments.
Spotlight on Egypt
Egypt’s Inflation Challenges As Africa’s third-largest economy, Egypt has faced severe inflation issues since the onset of the Russia-Ukraine conflict. This is primarily due to Egypt’s dependence on food imports from these countries.
The IMF reports that Egypt’s core inflation reached nearly 40% in 2023, while food inflation peaked at over 70%.
Data sources
All figures are projections
-https://www.africanews.com/2023/10/05/sas-mining-is-the-countrys-main-exports-contributor-but-may-only-have-decades-left//
https://tradingeconomics.com/egypt/food-inflation https://www.imf.org/external/datamapper/datasets/WEO
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