Mapped: Just Five Countries Make Up Half of Africa’s GDP

Pallavi Rao
2024-10-05 18:33:33
www.visualcapitalist.com

Just Five Countries Are Responsible for Half of Africa’s GDP

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Africa’s GDP stands at $2.8 trillion in 2024, the combined economic output of 1.4 billion people. But not all of that productivity is distributed equally.

This map highlights the five countries whose combined economic output equals that of the rest of the continent. Data is sourced from the International Monetary Fund, last updated April 2024. Figures for Western Sahara and Eritrea have not been included due to unavailability.

Dividing Africa in Two Economic Halves

The Big Five African economies—South Africa, Egypt, Algeria, Nigeria, and Ethiopia—have a combined GDP of $1.4 trillion. This bloc consists of 569 million people, or 44% of the continent’s population.

GDP Rank	African Country	GDP (2024, Billions)	Population (2023)
1	South Africa	$373.23	60.4M
2	Egypt	$347.59	112.7M
3	Algeria	$266.78	45.6M
4	Nigeria	$252.74	223.8M
5	Ethiopia	$205.13	126.5M
N/A	Big 5 Economies	$1,445	569M

Note: Figures rounded. Population data sourced from the World Bank.

Meanwhile, the rest of Africa, 48 countries in total, also has a combined GDP of $1.4 trillion.

GDP Rank	African Country	2024 GDP (Billions)	2023 Population
6	Morocco	$152.38	37.5M
7	Kenya	$104.00	55.1M
8	Angola	$92.12	36.7M
9	Côte d’Ivoire	$86.91	28.9M
10	Tanzania	$79.61	67.4M
11	Ghana	$75.24	34.1M
12	DRC	$73.76	102.2M
13	Uganda	$56.31	48.6M
14	Tunisia	$54.71	12.5M
15	Cameroon	$53.21	28.6M
16	Libya	$48.22	6.8M
17	Senegal	$35.45	17.7M
18	Zimbabwe	$34.41	16.7M
19	Zambia	$29.87	20.5M
20	Sudan	$26.87	48.1M
21	Guinea	$25.45	14.1M
22	Mozambique	$22.98	33.9M
23	Burkina Faso	$21.90	23.3M
24	Mali	$21.66	23.3M
25	Botswana	$21.42	2.7M
26	Benin	$21.37	13.7M
27	Gabon	$21.01	2.4M
28	Niger	$18.82	27.2M
29	Chad	$18.70	18.3M
30	Madagascar	$16.47	30.3M
31	Mauritius	$16.36	1.3M
32	Republic of Congo	$15.50	6.1M
33	Rwanda	$13.70	14.1M
34	Somalia	$12.80	18.1M
35	Namibia	$12.77	2.6M
36	Malawi	$11.24	20.9M
37	Equatorial Guinea	$10.71	1.7M
38	Mauritania	$10.63	4.8M
39	Togo	$9.83	9.1M
40	South Sudan	$6.52	11.1M
41	Eswatini	$5.09	1.2M
42	Liberia	$4.75	5.4M
43	Sierra Leone	$4.56	8.8M
44	Djibouti	$4.36	1.1M
45	Burundi	$3.08	13.2M
46	Central African Republic	$2.81	5.7M
47	Cabo Verde	$2.72	0.6M
48	The Gambia	$2.69	2.8M
49	Lesotho	$2.40	2.3M
50	Seychelles	$2.20	0.1M
51	Guinea-Bissau	$2.15	2.1M
52	Comoros	$1.42	0.9M
53	Sao Tome and Principe	$0.75	0.2M
N/A	Rest of Africa	$1,372	886M

Note: Figures rounded. Population data sourced from World Bank.

Of course, the Big Five differ economically from one another. South Africa’s financial and manufacturing sectors are robust, with its mining industry—focused on platinum group metals, gold, and chromium—contributing 8% to GDP.

Egypt benefits from its strategic control of the Suez Canal, generating significant revenue from this vital trade route. Tourism, driven by Egypt’s rich history and culture, also plays a major role in its economy.

Nigeria and Algeria both depend on the energy sector, though their focus varies. Algeria primarily exports natural gas, while Nigeria is a major crude oil exporter.

In contrast, Ethiopia relies heavily on agriculture, with coffee serving as a key economic and export driver.

Learn More on the Voronoi App

Interested in another dramatic map from a different part of the world? Check out Germany’s Economy Equals All These Countries Combined to see how the European economic juggernaut stacks up against the rest of the continent.

The post Mapped: Just Five Countries Make Up Half of Africa’s GDP appeared first on Visual Capitalist.

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