Africas Largest Economies Top 20 Economies In Africa

Posted date: September 16, 2011 | 7 Comments

Africa is by far the worlds poorest inhabited continent. Though parts of the continent have made
significant gains over the last few years. The decolonization of Africa was fraught with instability
aggravated by cold war conflict. Since the mid-20th century, the Cold War and increased corruption and
despotism have also contributed to Africas poor economy. The biggest contrast in terms of development
has been between Africa and the economy of Europe. The African Economic Outlook report specifically
mentions that Africas trade with China has multiplied by 10 since 2001, reaching over USD 100 billion in
2008.
While no African nation has joined the ranks of the developed nations in the Organization for Economic
Co-operation and Development (OECD) yet, the entire continent is not utterly impoverished and there is
considerable variation in its wealth. North Africa has long been closely linked to the economies of Europe
and the Middle East. South Africa is by far the continents wealthiest state in total GDP, accounting for
30% of the continents GDP in nominal terms and 24% by PPP. The small but oil-rich states of Gabon and
Equatorial Guinea round out the list of the ten wealthiest states in Africa.
This entry below gives the gross domestic product (GDP) or value of all final goods and services
produced within a nation in a given year.
The top 20 Largest Economies In Africa as of January 1, 2011:

#1. South Africa

GDP- Purchasing Power Parity: US$524 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 30.8%
Contribution of Agricultural Sector in GDP: 2.5%
Contribution of Services Sector in GDP: 66.7% (As of 2010)
Population: 50,586,757 (As of 2011)
Unemployment Rate: 24.9% (As of 2010)

#2. Egypt
GDP- Purchasing Power Parity: US$497.8 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 37.5%
Contribution of Agricultural Sector in GDP: 14%
Contribution of Services Sector in GDP: 48.3% (As of 2010)

Population: 80,801,170 (As of 2011)

Unemployment Rate: 9.7% (As of 2010)

#3. Nigeria
GDP- Purchasing Power Parity: US$377.9 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 32%
Contribution of Agricultural Sector in GDP: 30%
Contribution of Services Sector in GDP: 38% (As of 2010)
Population: 155,215,573 (As of 2010)
Unemployment Rate: 4.9% (As of 2007)

#4. Algeria
GDP- Purchasing Power Parity: US$251.1 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 61.6%
Contribution of Agricultural Sector in GDP: 8.3%
Contribution of Services Sector in GDP: 30.1% (As of 2010)
Population: 36,423,000 (As of 2010)
Unemployment Rate: 10% (As of 2010)

#5. Morocco
GDP- Purchasing Power Parity: US$151.4 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 31.6%
Contribution of Agricultural Sector in GDP: 17.1%
Contribution of Services Sector in GDP: 51.4% (As of 2010)
Population: 32,208,557 (As of 2011)
Unemployment Rate: 9.1% (As of 2010)

#6. Angola
GDP- Purchasing Power Parity: US$107.3 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 65.8%
Contribution of Agricultural Sector in GDP: 9.6%
Contribution of Services Sector in GDP: 24.6% (As of 2008)
Population: 18,498,000 (As of 2009)
Unemployment Rate: NA%

#7. Sudan
GDP- Purchasing Power Parity: US$100 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 29.5%
Contribution of Agricultural Sector in GDP: 30.5%
Contribution of Services Sector in GDP: 39.9% (As of 2010)
Population: 30,894,000 (As of 2008)
Unemployment Rate: 18.7% (As of 2002)

#7. Tunisia
GDP- Purchasing Power Parity: US$100 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 34.6%
Contribution of Agricultural Sector in GDP: 10.6%
Contribution of Services Sector in GDP: 54.8% (As of 2010)
Population: 10,432,500 (As of April 2, 2011)
Unemployment Rate: 13% (As of 2010)

#9. Libya
GDP- Purchasing Power Parity: US$90.57 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 62.9%
Contribution of Agricultural Sector in GDP: 2.6%
Contribution of Services Sector in GDP: 34.6% (As of 2010)
Population: 6,420,000 (As of 2010)
Unemployment Rate: 30% (As of 2004)

#10. Ethiopia
GDP- Purchasing Power Parity: US$86.12 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 11%
Contribution of Agricultural Sector in GDP: 50%
Contribution of Services Sector in GDP: 39% (As of 2010)
Population: 82,101,998 (As of 2011)
Unemployment Rate: NA%

#11. Kenya
GDP- Purchasing Power Parity: US$66.03 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 16%
Contribution of Agricultural Sector in GDP: 22%
Contribution of Services Sector in GDP: 62% (As of 2010)
Population: 41,070,934 (As of 2011)
Unemployment Rate: 40% (As of 2008)

#12. Ghana
GDP- Purchasing Power Parity: US$61.97 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 18.6%
Contribution of Agricultural Sector in GDP: 29.9%
Contribution of Services Sector in GDP: 51.4% (As of 2010)
Population: 24,233,431 (As of 2010)
Unemployment Rate: 11% (As of 2000)

#13. Tanzania

GDP- Purchasing Power Parity: US$58.44 Billion (As of 2010)

Contribution of Industrial Sector in GDP: 24%
Contribution of Agricultural Sector in GDP: 28.4%
Contribution of Services Sector in GDP: 47.6% (As of 2010)
Population: 43,739,000 (As of 2009)
Unemployment Rate: NA%

#14. Cameroon
GDP- Purchasing Power Parity: US$44.33 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 31.4%
Contribution of Agricultural Sector in GDP: 19.7%
Contribution of Services Sector in GDP: 48.9% (As of 2010)
Population: 19,100,000 (As of 2009)
Unemployment Rate: 30% (As of 2001)

#15. Uganda
GDP- Purchasing Power Parity: US$42.15 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 24.5%
Contribution of Agricultural Sector in GDP: 23.6%
Contribution of Services Sector in GDP: 51.9% (As of 2010)
Population: 32,369,558 (As of 2009)
Unemployment Rate: NA%

#16. Cote dIvoire

GDP- Purchasing Power Parity: US$37.0 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 21.3%
Contribution of Agricultural Sector in GDP: 28%
Contribution of Services Sector in GDP: 50.7% (As of 2010)
Population: 20,617,068 (As of 2009)
Unemployment Rate: 40-50%

#17. Senegal
GDP- Purchasing Power Parity: US$23.88 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 21.7%
Contribution of Agricultural Sector in GDP: 15.9%
Contribution of Services Sector in GDP: 62.4% (As of 2010)
Population: 13,711,597 (As of 2009)
Unemployment Rate: 48% (As of 2001)

#18. Equatorial Guinea

GDP- Purchasing Power Parity: US$23.82 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 93.9%

Contribution of Agricultural Sector in GDP: 2.2%

Contribution of Services Sector in GDP: 3.8% (As of 2010)
Population: 676,000 (As of 2009)
Unemployment Rate: 22.3% (As of 2009)

#19. Democratic Republic of the Congo

GDP- Purchasing Power Parity: US$23.12 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 22.7%
Contribution of Agricultural Sector in GDP: 48.4%
Contribution of Services Sector in GDP: 29% (As of 2010)
Population: 71,712,867 (As of 2011)
Unemployment Rate: NA%

#20. Gabon
GDP- Purchasing Power Parity: US$22.48 Billion (As of 2010)
Contribution of Industrial Sector in GDP: 53.7%
Contribution of Agricultural Sector in GDP: 5.2%
Contribution of Services Sector in GDP: 41.1% (As of 2010)
Population: 1,475,000 (As of 2009)
Unemployment Rate: 21% (As of 2006)