List of African countries by GDP

In nominal terms, Nigeria is the largest economy in Africa, followed by South Africa and Egypt. These three together account for almost half of the African economy. GDP of 3rd rank Egypt is more than double of 4th ranked Algeria. São Tomé and Príncipe is the smallest economy in Africa.

None of the African economies would have gdp above $500 billion, and six would have an economy of above $100 billion. In 2021, South Africa will overtake Egypt to become the 2nd largest economy in Africa. Angola will overtake Côte d'Ivoire and Tanzania to become the 9th largest economy. None of the African economies are in the list of the top twenty largest economies in the world, and only three economies are within the top 50 world gdp ranking.

Out of 54 economies, gdp (nominal) of 52 economies would increase, and two economies would decrease in 2021 compared to 2020. With $80 bn, South Africa will be the top contributor, accounting for one-third of the increase in the African economy. Nigeria ($51 bn) and Egypt ($33 bn) are other top contributors. The two decliners would be Ethiopia, and South Sudan.

In ppp data, Egypt is the largest economy in Africa, followed by Nigeria and South Africa. Two economies would have gdp above Int. $1 trillion in 2021 and 16 would have an economy of above Int. $100 billion. Ghana will surpass Sudan to become the 9th largest economy in Africa. The African rank of Libya will be up by nine positions from 24th in 2020 to 17th in 2021. None of the African economies are in the list of the top twenty largest economies globally, and only four economies are within the top 50 world gdp ranking.

None of the African economies would see a decrease in 2021 compared to 2020. Egypt (Int. $91 bn), South Africa (Int. 70 bn), Nigeria (Int. $68 bn), Libya (Int. $51bn), and Algeria (Int. $35 bn) would be the top gainers.