The Top 10 African Economies explained. The biggest African economies ranked by gross domestic product or GDP. To determine the richest countries in Africa, we look at the latest nominal GDP data (U.S. currency, 2018).
The Top 10 African countries with the largest economies include:
Algeria, Angola, Egpyt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, South Africa, Tanzania.
Algeria economy, Angola economy, Egypt economy, Ethiopia economy, Ghana economy, Kenya economy, Morocco economy, Nigeria economy, South Africa economy and Tanzania economy.
Test your knowledge:
Based on the 10 African countries presented:
a) Which country has the highest standard of living (GNI per capita)?
b) Which country has the highest proportion of labor employed in the agricultural sector?
c) Which country has the largest trade surplus?
d) Which country is exporting and importing the most goods in terms of monetary value?
e) What is the most indebted country (highest debt-to-GDP ratio)?
Sources
(also see the individual videos)
GDP Ranking
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?most_recent_value_desc=true
Population
https://www.worldometers.info/world-population
GNI per capita, Atlas method (2018, current US$)
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD
Labor Force (the labor force includes employed workers and unemployed workers that are actively seeking work) https://data.worldbank.org/indicator/SL.TLF.TOTL.IN
Unemployment Rate Kenya
https://tradingeconomics.com/kenya/indicators
Employment by sector (agriculture, industry and services)
Agriculture https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS
Kenya Exports, Imports, Trade balance - 2018 data derived from the ITC (International Trade Centre) https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c404%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1
Government Budget Kenya
https://tradingeconomics.com/kenya/government-budget Government
Debt-to-GDP ratio Kenya
https://tradingeconomics.com/kenya/government-debt-to-gdp
Economic Growth
International Monetary Fund - World Economic Outlook Oct 2019 https://www.imf.org/en/Publications/WEO/Issues/2019/10/01/world-economic-outlook-october-2019
The Top 10 African countries with the largest economies include:
Algeria, Angola, Egpyt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, South Africa, Tanzania.
Algeria economy, Angola economy, Egypt economy, Ethiopia economy, Ghana economy, Kenya economy, Morocco economy, Nigeria economy, South Africa economy and Tanzania economy.
Test your knowledge:
Based on the 10 African countries presented:
a) Which country has the highest standard of living (GNI per capita)?
b) Which country has the highest proportion of labor employed in the agricultural sector?
c) Which country has the largest trade surplus?
d) Which country is exporting and importing the most goods in terms of monetary value?
e) What is the most indebted country (highest debt-to-GDP ratio)?
Sources
(also see the individual videos)
GDP Ranking
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?most_recent_value_desc=true
Population
https://www.worldometers.info/world-population
GNI per capita, Atlas method (2018, current US$)
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD
Labor Force (the labor force includes employed workers and unemployed workers that are actively seeking work) https://data.worldbank.org/indicator/SL.TLF.TOTL.IN
Unemployment Rate Kenya
https://tradingeconomics.com/kenya/indicators
Employment by sector (agriculture, industry and services)
Agriculture https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS
Kenya Exports, Imports, Trade balance - 2018 data derived from the ITC (International Trade Centre) https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c404%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1
Government Budget Kenya
https://tradingeconomics.com/kenya/government-budget Government
Debt-to-GDP ratio Kenya
https://tradingeconomics.com/kenya/government-debt-to-gdp
Economic Growth
International Monetary Fund - World Economic Outlook Oct 2019 https://www.imf.org/en/Publications/WEO/Issues/2019/10/01/world-economic-outlook-october-2019
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