Top 10 countries in Africa with largest economy

Africa, a continent rich in diversity and potential, is home to some of the world’s most rapidly expanding economies. As the continent faces new difficulties, certain countries have emerged as leaders in economic growth and development.

Let take a look at the top ten African countries with the largest economy by GDP, according to CEOworld. From Egypt to South Africa, Nigeria to Ethiopia, these countries are driving the continent’s growth, innovation, and advancement.

Below is a list:

Egypt

Egypt now has the greatest GDP in Africa, at $398.39 billion. Despite inflation, this is a big gain after GDP growth fell by 3.8% in 2022/23.

Nigeria

Nigeria has a GDP of $390 billion, making it Africa’s second-largest. The African Development Bank estimated that the GDP will expand by 3.4%.

South Africa

South Africa has the third-largest GDP in Africa. With a GDP of $380.9 billion, GDP growth has slowed to 0.6% since 2023, but is expected to rebound to 1.3% by the end of the year.

Algeria

The Peoples Democratic Republic of Algeria is ranked fourth among the countries with the largest economy. With a GDP of $224.1 billion, the economy advanced from 3.6% to 4.2% in 2023 and is expected to continue to grow.

Ethiopia

Ethiopia ranks fifth, with a GDP of $155.8 billion. The GDP had a growth rate of 7.1% and is anticipated to reach 6.7% by the end of the year.

Morocco

Morocco has a GDP of $147.34 billion, placing them seventh on the list. The country’s growth rebounded in 2023, thanks to a resurrection in agricultural operations and services, as well as a minor recovery in domestic demand.

Kenya

Kenya is Africa’s seventh-largest economy. The GDP is recorded at $112.74 billion. The country’s GDP expanded by 5.2% as agriculture revived and service expansion moderated.

Angola

Angola has a GDP of $93.79 billion. The country is one of Africa’s oil-dependent countries, yet its GDP increased by an estimated 0.9%.

Tanzania

Tanzania now has a GDP of $84.03 billion. The Real GDP recorded a growth rate increase of 5.3% and is anticipated to continue at 5.7% by the end of the year.