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Gross Domestic Product (GDP) in Africa

GDP of Africa, 1970-2015

During 1970-2015 GDP of Africa in current prices increased by 2 173.9 billion US dollars (in 21.1 times) to 2 281.9 billion US dollars; change occurred by 242.5 billion US dollars by increasing of people by 819.3 million, as well as by 1 931.4 billion US dollars by increasing of GDP per capita by 1 631.0 US dollars. The average annual growth of GDP of Africa was 48.3 billion US dollars or 7.0%. The average annual growth of GDP of Africa in constant prices was 3.5%. Share in the world fell by 0.10%. Minimal GDP was in 1970 (108.0 billion US dollars). Maximal GDP was in 2014 (2 514.6 billion US dollars).

During 1970-2015 GDP per capita in Africa increased by 1 631.0 US dollars (in 6.5 times) to 1 927.0 US dollars. The average annual growth of GDP per capita in current prices was 36.2 US dollars or 4.3%.

Change of GDP of Africa described by linear regression model: y=42.9x-84 690.8, where y - estimated value of GDP of Africa, x - year. Correlation rate = 0.855. Determination rate = 0.732.

GDP of Africa, 1970

GDP of Africa in 1970 was 108.0 billion US dollars. Share of Africa in the world GDP was 3.2%.

GDP per capita in Africa in 1970 was equal to 296.0 US dollars. GDP per capita in Africa was less than GDP per capita in the World (924.0 US dollars) by 628.0 US dollars.

GDP of Africa in 1970 consisted of GDP of Nigeria (22.1%), GDP of South Africa (17.3%), GDP of Egypt (7.5%), GDP of Algeria (4.8%), GDP of D.R. of the Congo (4.4%), and others (43.9%).

GDP of Africa, 2015

GDP of Africa in 2015 was equal to 2 281.9 billion US dollars. Share of Africa in the world GDP was 3.1%.

GDP per capita in Africa in 2015 was 1 927.0 US dollars. GDP per capita in Africa was less than GDP per capita in the World (10 098.0 US dollars) by 8 171.0 US dollars.

GDP of Africa in 2015 consisted of GDP of Nigeria (21.7%), GDP of Egypt (13.8%), GDP of South Africa (13.8%), GDP of Algeria (7.2%), GDP of Angola (5.2%), and others (38.3%).

Size of GDP in Africa

Gross Domestic Product (GDP) in Africa, bln. US dollars
Prices197019801990200020102015
current prices108.0556.8549.1650.01 941.52 281.9
constant prices1970108.0162.0203.2258.2431.4504.5
2005357.3535.7672.0854.01 426.81 668.7
Picture. Africa: GDP Picture. GDP: share of Africa in the world

Growth of GDP in Africa

Picture. Africa: GDP, growth Picture. Africa: GDP, growth

GDP per capita in Africa

Picture. Africa: GDP per capita Picture. Africa: GDP per capita

Structure of GDP in Africa

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197076.557.419.022.520.9-0.29
198071.548.822.726.724.72.5
199077.360.716.620.318.90.58
200076.962.614.317.816.84.0
201074.759.315.324.223.11.1
201582.967.815.123.022.0-6.3

Rating of GDP in Africa

Rating of GDP in Africa, 2015
#Areabln. US dollars%
Africa2 281.9100
subregions
1Northern Africa750.632.9
2Western Africa645.328.3
3Southern Africa346.615.2
4Eastern Africa306.813.4
5Middle Africa232.610.2
countries
1 Nigeria494.621.7
2 Egypt315.913.8
3 South Africa314.613.8
4 Algeria164.87.2
5 Angola118.65.2
6 Morocco100.44.4
7 Sudan93.94.1
8 Kenya63.42.8
9 Ethiopia59.92.6
10 Tanzania45.62.0
11 Tunisia41.21.8
12 D.R. of the Congo37.61.6
13 Ghana37.21.6
14 Libya34.51.5
15 Côte d'Ivoire32.11.4
16 Cameroon28.41.2
17 Uganda25.31.1
18 Zambia21.30.93
19 Mozambique14.80.65
20 Botswana14.40.63
21 Zimbabwe13.90.61
22 Equatorial Guinea13.80.61
23 Gabon13.70.60
24 Senegal13.60.60
25 South Sudan13.20.58
26 Mali13.10.57
27 Mauritius11.50.50
28 Namibia11.50.50
29 Burkina Faso11.10.48
30 Chad10.00.44
31 Madagascar9.70.43
32 Guinea8.90.39
33 Congo8.50.37
34 Benin8.50.37
35 Rwanda8.10.35
36 Niger7.10.31
37 Malawi6.40.28
38 Mauritania5.00.22
39 Eritrea4.80.21
40 Sierra Leone4.50.20
41 Togo4.10.18
42 Swaziland4.10.18
43 Burundi2.70.12
44 Liberia2.10.090
45 Lesotho2.00.088
46 Djibouti1.70.076
47 Central African Republic1.60.072
48 Cabo Verde1.60.070
49 Seychelles1.40.060
50 Somalia1.30.058
51 Guinea-Bissau0.980.043
52 Gambia0.940.041
53 Comoros0.560.024
54 Sao Tome and Principe0.330.015
Picture. Africa: structure of GDP by subregions, 2015, % Picture. Africa: structure of GDP by leaders, 2015, %

© Ivan Kushnir

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