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Business News of Monday, 7 October 2024

    

Source: businessinsiderafrica

Top 10 African Countries and their Contribution to Africa’s GDP

Top 10 African Countries and their Contribution to Africa’s GDP Top 10 African Countries and their Contribution to Africa’s GDP

Gross Domestic Product (GDP) is the total monetary value of goods and services produced within a country, reflecting its economic health.

In Africa, Egypt holds the largest share of the continent's GDP at 13.63%, followed by South Africa (13.01%) and Nigeria (12.50%). Other key contributors include Algeria, Ethiopia, and Sudan.

According to the African Development Bank and IMF, 41 African countries are projected to experience stronger growth in 2024, with six Sub-Saharan African nations among the top 10 performing global economies.

Africa's economic landscape is diverse, with varying growth rates across its 54 nations.

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