Data analysis
Africa's ten largest economies (2024)
African countries ranked by GDP (current US$), latest World Bank data.
The 2024 ranking of Africa's ten largest economies by nominal gross domestic product highlights a clear hierarchy, with a significant concentration of economic scale among the top four nations.
| 1 | South Africa | US$401.1 billion |
| 2 | Egypt | US$389.1 billion |
| 3 | Algeria | US$269.3 billion |
| 4 | Nigeria | US$252.3 billion |
| 5 | Morocco | US$160.6 billion |
| 6 | Ethiopia | US$149.7 billion |
| 7 | Kenya | US$120.3 billion |
| 8 | Angola | US$101.0 billion |
| 9 | Côte d'Ivoire | US$87.1 billion |
| 10 | Ghana | US$82.3 billion |
South Africa leads the continent with a GDP of US$401.1 billion, followed closely by Egypt at US$389.1 billion. A distinct second tier is formed by Algeria and Nigeria, with economies valued at US$269.3 billion and US$252.3 billion respectively. Nigeria's position at fourth reflects recent currency reforms that have impacted its valuation in US dollar terms.
The data reveals a considerable gap between the leading economies and the rest of the top ten. There is a sharp drop in scale from Nigeria to the fifth-largest economy, Morocco, at US$160.6 billion. The economic output of the continent's largest economy, South Africa, is nearly five times that of the tenth, Ghana, which has a GDP of US$82.3 billion, illustrating a steep gradient in economic size across Africa's leading markets.
Computed by LeadAfrik from World Bank and IMF data, latest year 2024. Every figure above is calculated directly from the source series, not estimated. Explore the full datasets in our Data catalogue.
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