Economy

Russell Sanford

@russelljsanford

Information about the economy--currency, gross domestic product (GDP) and development programs and challenges--of each African country and the economy of the continent as a whole.

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Russell Sanford

@russelljsanford

Information about the economy--currency, gross domestic product (GDP) and development programs and challenges--of each African country and the economy of the continent as a whole.

Where's the Growth? Africa - Bloomberg View

Investors thrill to population-fueled GDP growth and reduced inflation.
http://www.bloombergview.com/articles/2015-11-10/sub-saharan-africa-thrills-investors-with-economic-growth
Southern Africa: Among the Worst Economic Performers in the Region - allAfrica

South Africa will be among the worst economic performers in sub-Saharan Africa as higher tariff barriers, protection for inefficient industries and deeper state intervention are set to draw back growth this year, according to analysts.
http://allafrica.com/stories/201601271322.html
Economy Statistics South Africa

The diverse structure of the South African economy is a critical aspect of its historical and current growth performance. The manufacturing sector continues to occupy a significant share of the South Africa economy, despite its relative importance declining from 19 percent in 1993 to about 17 percent in 2012 in real terms.
http://www.statssa.gov.za/?page_id=735
Africa is in Grave Danger from the Global Economic Slowdown - Telegraph

Governance is essential for full economic development, and Africa's potential is currently being thwarted, writes Roger Bootle.
http://www.telegraph.co.uk/finance/comment/11953924/Africa-is-in-grave-danger-from-the-global-economic-slowdown.html
The Sun Shines Bright - Economist

The sun shines bright - Africa's hopeful economies
http://www.economist.com/node/21541008
How Nigeria Became Africa's Largest Economy Overnight

Does the continent's most-populous country deserve its new title?
http://www.theatlantic.com/international/archive/2014/04/how-nigeria-became-africas-largest-economy-overnight/360288/
Africa's Economic Boom - Foreign Affairs

Sub-Saharan Africa's GDP has grown five percent a year since 2000 and is expected to grow even faster in the future. Although pessimists are quick to point out that this growth has followed increases in commodities prices, the success of recent political reforms and the increased openness of African societies give the region a good chance of sustaining its boom for years to come.
https://www.foreignaffairs.com/articles/west-africa/2013-04-03/africas-economic-boom
African Economic Outlook - AFDB

African Economic Outlook - African Development Bank
http://www.afdb.org/en/knowledge/publications/african-economic-outlook/
BBC NEWS - Africa's Economy

Poverty is at the heart of Africa's problems. This is an overview of some of the economic challenges facing the continent.
http://news.bbc.co.uk/2/shared/spl/hi/africa/05/africa_economy/html/poverty.stm
African Economies to Grow 4.5% on Average in 2015 - WSJ

African economies will gather pace this year and next year, in their fitful and uneven economic ascent, three prominent organizations said in a joint report released Monday.
http://www.wsj.com/articles/african-economies-to-grow-4-5-on-average-in-2015-1432544482
African Economy - The Economist

African Economy information from The Economist.
http://www.economist.com/topics/african-economy
African Economic Outlook

African Economic Outlook - Measuring the pulse of Africa
http://www.africaneconomicoutlook.org/en/
Economy of Africa - Wikipedia, the Free Encyclopedia

The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent.
https://en.wikipedia.org/wiki/Economy_of_Africa

Comments

Economy of Africa
Statistics
Lagos is the largest city in Africa.
Currency	List of currencies in Africa
Fiscal year	Calendar year
Trade organisations	AU, AfCFTA, WTO, UN
Country group	Emerging markets Developing economies Least Developed Countries in certain regions
Population	1.47 billion (2024 estimate)^[1]
GDP	$2.83 trillion (nominal; 2025)^[2] $10.83 trillion (PPP; 2025)^[2]
GDP growth	4.3% (2022)^[2] 3.3% (2023)^[2] 3.2% (2024f)^[2] 3.9% (2025f)^[2]
GDP per capita	$1,930 (nominal; 2025)^[2] $7,370 (PPP; 2025)^[2]
GDP by sector	Agriculture: 20% Industry: 25% Services: 55% (2023 estimate)^[3]
Inflation ( CPI)	12.8% (2023)^[4] 10.5% (2024f)^[5]
Population below poverty line	Over 33% living below $1.90/day (2024 estimate)^[6]
Gini coefficient	40.0 (2023 estimate; moderate inequality)^[7]
Human Development Index	0.546 (medium; 2021)^[8]
Labour force	500 million (2023)^[9]
Unemployment	7.8% (2023)^[10]
Main industries	Mining Oil and gas Agribusiness Tourism Textiles Construction Telecommunications Manufacturing
External
Exports	$720 billion (2023 estimate)^[11]
Export goods	crude oil, gold, diamonds, agricultural products, minerals
Main export partners	China 15% European Union 10% United States 8% India 7% UAE 5% (2023 estimate)^[12]
Imports	$800 billion (2023 estimate)^[13]
Import goods	machinery, electronics, vehicles, food, medical supplies
Main import partners	China 18% European Union 14% India 8% United States 6% Turkey 4% (2023 estimate)^[14]
All values, unless otherwise stated, are in US dollars.

Source : Wikipedia under CC-BY-SA license

Links
Media

Where's the Growth? Africa - Bloomberg View

Investors thrill to population-fueled GDP growth and reduced inflation.
http://www.bloombergview.com/articles/2015-11-10/sub-saharan-africa-thrills-investors-with-economic-growth
Southern Africa: Among the Worst Economic Performers in the Region - allAfrica

South Africa will be among the worst economic performers in sub-Saharan Africa as higher tariff barriers, protection for inefficient industries and deeper state intervention are set to draw back growth this year, according to analysts.
http://allafrica.com/stories/201601271322.html
Economy Statistics South Africa

The diverse structure of the South African economy is a critical aspect of its historical and current growth performance. The manufacturing sector continues to occupy a significant share of the South Africa economy, despite its relative importance declining from 19 percent in 1993 to about 17 percent in 2012 in real terms.
http://www.statssa.gov.za/?page_id=735
Africa is in Grave Danger from the Global Economic Slowdown - Telegraph

Governance is essential for full economic development, and Africa's potential is currently being thwarted, writes Roger Bootle.
http://www.telegraph.co.uk/finance/comment/11953924/Africa-is-in-grave-danger-from-the-global-economic-slowdown.html
The Sun Shines Bright - Economist

The sun shines bright - Africa's hopeful economies
http://www.economist.com/node/21541008
How Nigeria Became Africa's Largest Economy Overnight

Does the continent's most-populous country deserve its new title?
http://www.theatlantic.com/international/archive/2014/04/how-nigeria-became-africas-largest-economy-overnight/360288/
Africa's Economic Boom - Foreign Affairs

Sub-Saharan Africa's GDP has grown five percent a year since 2000 and is expected to grow even faster in the future. Although pessimists are quick to point out that this growth has followed increases in commodities prices, the success of recent political reforms and the increased openness of African societies give the region a good chance of sustaining its boom for years to come.
https://www.foreignaffairs.com/articles/west-africa/2013-04-03/africas-economic-boom
African Economic Outlook - AFDB

African Economic Outlook - African Development Bank
http://www.afdb.org/en/knowledge/publications/african-economic-outlook/
BBC NEWS - Africa's Economy

Poverty is at the heart of Africa's problems. This is an overview of some of the economic challenges facing the continent.
http://news.bbc.co.uk/2/shared/spl/hi/africa/05/africa_economy/html/poverty.stm
African Economies to Grow 4.5% on Average in 2015 - WSJ

African economies will gather pace this year and next year, in their fitful and uneven economic ascent, three prominent organizations said in a joint report released Monday.
http://www.wsj.com/articles/african-economies-to-grow-4-5-on-average-in-2015-1432544482
African Economy - The Economist

African Economy information from The Economist.
http://www.economist.com/topics/african-economy
African Economic Outlook

African Economic Outlook - Measuring the pulse of Africa
http://www.africaneconomicoutlook.org/en/
Economy of Africa - Wikipedia, the Free Encyclopedia

The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent.
https://en.wikipedia.org/wiki/Economy_of_Africa

Economy of Africa
Statistics
Lagos is the largest city in Africa.
Currency	List of currencies in Africa
Fiscal year	Calendar year
Trade organisations	AU, AfCFTA, WTO, UN
Country group	Emerging markets Developing economies Least Developed Countries in certain regions
Population	1.47 billion (2024 estimate)^[1]
GDP	$2.83 trillion (nominal; 2025)^[2] $10.83 trillion (PPP; 2025)^[2]
GDP growth	4.3% (2022)^[2] 3.3% (2023)^[2] 3.2% (2024f)^[2] 3.9% (2025f)^[2]
GDP per capita	$1,930 (nominal; 2025)^[2] $7,370 (PPP; 2025)^[2]
GDP by sector	Agriculture: 20% Industry: 25% Services: 55% (2023 estimate)^[3]
Inflation ( CPI)	12.8% (2023)^[4] 10.5% (2024f)^[5]
Population below poverty line	Over 33% living below $1.90/day (2024 estimate)^[6]
Gini coefficient	40.0 (2023 estimate; moderate inequality)^[7]
Human Development Index	0.546 (medium; 2021)^[8]
Labour force	500 million (2023)^[9]
Unemployment	7.8% (2023)^[10]
Main industries	Mining Oil and gas Agribusiness Tourism Textiles Construction Telecommunications Manufacturing
External
Exports	$720 billion (2023 estimate)^[11]
Export goods	crude oil, gold, diamonds, agricultural products, minerals
Main export partners	China 15% European Union 10% United States 8% India 7% UAE 5% (2023 estimate)^[12]
Imports	$800 billion (2023 estimate)^[13]
Import goods	machinery, electronics, vehicles, food, medical supplies
Main import partners	China 18% European Union 14% India 8% United States 6% Turkey 4% (2023 estimate)^[14]
All values, unless otherwise stated, are in US dollars.

Source : Wikipedia under CC-BY-SA license

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Economy

Information about the economy--currency, gross domestic product (GDP) and development programs and challenges--of each African country and the economy of the continent as a whole.

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