₦airaland Forum

higherpower:
The biggest economies in Africa
Africa growth

South Africa’s struggle to keep its spot as the second largest economy on the African continent (after Nigeria) has seemingly abated – but there’s a more worrying trend that shows up in the data when measuring GDP per capita.

With and estimated gross domestic product (GDP) of $350 billion in 2017, South Africa sits comfortably as Africa’s second largest economy – a position it lost briefly to Egypt in 2016, when the North African nation shot past our struggling economy with GDP output of $332 billion, versus our $295 billion.

According to the International Monetary Fund’s (IMF) latest World Economic Outlook report, however, Egypt’s estimated total for 2017 is at $237 billion, putting the risk of it taking second place to rest, at least for now.
This whole list is just pure trash ,its full of crap statistics.

Nigeria is Africa’s largest economy by some margin – with a growth projection so large that it is unlikely that South Africa will surpass it. But Nigeria’s advantage – its almost 200 million-odd population, which lends itself to such high GDP figures – is also its downfall.


The table below outlines the 10 biggest economies in Africa by GDP.

# Country GDP (2017, IMF)
1 Nigeria $376.3 billion
2 South Africa $349.3 billion
3 Egypt $237.1 billion
4 Algeria $178.3 billion
5 Angola $124.2 billion
6 Morocco $109.8 billion
7 Ethiopia $80.9 billion
8 Kenya $79.5 billion
9 Sudan $58.2 billion
10 Tanzania $51.7 billion


Measuring wealth by GDP per capita has always been more indicative of a country’s overall economic health.

In this measure, Nigeria slips significantly to 15th position on the list, just ahead of Egypt. Here, other African nations shine through – such as the business-friendly Mauritius, and the oil-rich Gabon, which produce billions of dollar’s worth of value, while holding relatively small population.

While South Africa has never been the biggest, it has always occupied a special place in being a high-GDP, high population country. However, this picture is slowly changing.



According to figures researched and released by the IMF, Botswana overtook South Africa in 2011, as the latter’s economic slowdown took full effect, hitting a full dip in 2016. Data for 2017 showed a swing upwards – with the IMF predicting slow growth through to 2020.

While all of the top 5 experienced similar, if mixed, trends in GDP per capita growth, the recoveries have been far stronger, with Botswana now extending its lead over South Africa, and Namibia on a trajectory to eventually surpass it.

Mauritius and Gabon are expected to continue onwards and upwards.

# Country GDP per capita (2017, IMF)
1 Mauritius $9 794
2 Gabon $7 971
3 Botswana $7 877
4 South Africa $6 179
5 Namibia $5 413
6 Libya $4 858
7 Angola $4 407
8 Algeria $4 292
9 Swaziland $3 914
10 Tunisia $3 496
Data presented by Human Progress – which depicts Gross National Income per capita – shows a similar picture, with Mauritius and Gabon far ahead with Namibia coming up at the bottom of the top.

Where the data differs, however, is in how close the race actually is between South Africa and Botswana on this measure.

According to Human Progress, Botswana’s challenge to South Africa has only occurred in the past four years, with the two countries alternating places since 2014. As it currently stands (as at 2016), Botswana has only just passed over South Africa, the data shows.

Human Progress’ graphs covers data up to 2016, while the IMF makes projections beyond current available data.


https://www.google.com/amp/s/businesstech.co.za/news/finance/257337/the-biggest-economies-in-africa/amp/

TotoNaRubber:
Even the guys are carrying playcards of Ist prize female, can't you differentiate male from female mtcewww

dadark:
Time registered: August 21, 2011
Time spent online: 23 days & 17 hours
Last seen: 10:29pm
View Bifwoli's posts (1801) | View Bifwoli's topics (4)

good,i never met a Zambian before....

welcome....

lets reason....

Kazikazi:
Are you a Zambian?

theenchanter:
and kenyans don't travel through dangerous journey to reach europe?

dadark:
you kenyan....??

dadark:
who cares....

you mean London that is been overpopulated by muslims now....??

theenchanter:
They were ranked partly cause of Boko haram insurgency that's not even closer to them.

jonraid2:
The Plan for our manufacturing sector under the MTP by The National Treasury(Medium Term Plan for duration 2018-2022)

We have made huge strides in The Ease Of Doing Business and in the Global Competitiveness Index rankings.

We are left with the remaining three.That's where the work is.With passion and the Legacy in mind,I can't see why the president will shoot himself in the foot and choose not to realise this. Matiang'i is hardheaded(in a good way),he will expect nothing but performance from the guys reporting to him.There might be some reprieve for our manufacturing capacity as a nation after all,I'm pumped up by the new development in our steel industry.Outside SA courtesy of Devki Group,we will have the only raw industrial steel plant which will be self powered by a 55.5 MW energy plant.Our steel import bill stands at around 0.8-1 billion USD. Devki wants to eat into this as they will be producing the steel from the scratch from our locally iron ore reserves. We have BMS,a Bangladeshi company which also wants to come in,it will partner with a Mauritian company and unnamed Kenyan Investor .The new Jumbo Steel Mills in Rabai,Kilifi has recently been opened.




You cannot industrilise without metals.We will soon have steel in cheap prices if everything falls into place.

A berth for the Dongo Kundu SEZ is already underway,the SEZ is modeled under Dubai's port of Jebel Ali,the world ninth busiest Port.Kengen are a brilliant Parastatal,the Naivasha Park is coming up.3.4 billion shillings for land has already been set aside.The SEZ in Athi River is set to receive cash in the budget year 2019-2020,we can at least be optimistic in our manufacturing! What we need is implementation of all mentioned in the Treasury's MTP 2018-2022.

https://www.businessdailyafrica.com/corporate/companies/Steel-firm-Jumbo-opens-Sh1bn-Kilifi-plant/4003102-4714294-aa8l6sz/index.html

https://www.nation.co.ke/business/Chinese-firm-inks-Sh26bn-energy-deal-with-Devki/996-4945154-13l86jb/index.html

https://www.businessdailyafrica.com/news/Bangladeshi-steel-maker-to-open/539546-4910048-l9sw4s/index.html

https://www.businessdailyafrica.com/news/MPs-allocate-Sh3-4bn-for-Naivasha-industry-park-land/539546-4536406-mqqfdu/index.htm

https://www.nation.co.ke/counties/All-set-for-Dongo-Kundu-free-port/1107872-4758344-wg6hdmz/index.html

samsobo24:
Kenyans are happy they can communicate with Nigerians

Measuring shithole Nairobi with lagos

NairobiWalker:
Kenya almost catching up with Angola. Why is Angola's GDP shrinking though?

edon21:
why won't Kenya s budget be sizeable when 45 percent of it is from borrowing

tungamaje:
Wao! I thought 'the giants of Africa" should be the first before South Africa

Odunayaw:
Now I get the irritation of one fellow here. Foreign media are always quick to glory-hunt.
https://thenewsrep.com/113034/kenya-terrorist-attack-update-the-accurate-story-behind-the-sas-operator/

It reminds me of a time in 2014 when Army SF were instrumental at Damboa and the next thing we started hearing how "Nigerian US trained SF are turning tides". Lo & behold, the fellows the US actually trained were 300km away cooling off in their barracks

BiafraBushBoy:
I don't have an instagram, twitter, nor snapchat account...

So I guess I am not among the Lagos big boys, even though I stay in Lagos.

Maybe I am not big yet, or is there a qualifying clause to be called that?

don4real18:
Show this to their brothers... May they rot in hell

Pavore9:
Vehicle they drove to the hotel has an owner and the has been picked. Where they lived before they attacked, established.

wetdick:
Nigerian men acting like genius just because of girls, come and bring ideas to solve economic problems, you see them running fast but to Bleep na only wetin dem know.

Dpharisee:
Nigerian guys rock, they know how to treat foreign women well.
The xenophobic attacks against Nigerians by fellow blacks in South Africa is simply because of their women dying for Nigerian men, so instead of fighting the white men who put them through apartheid they transfer aggression to Nigerians.
And also, Nigerian men are more endowed down there than Kenyan men and whenever the 'handuru' Kenyan ladies they keep asking for more
If only Nigerian girls know how much foreign ladies value us they would show us more respect and come out openly to say 'Thank you sirs' and not to be pretending to 'Fell Pregnant' without acknowledging how sweet our 'love machines' are

Yobeezy:
Kenya's currency is four times stronger than Nigeria's currency and the good thing is that our Central bank reserves has been increasing for the past two months due to high cash inflows from interested foreign investors and other remittances from Kenyans living abroad.
This means our currency will continue to appreciate against the US dollars while your useless,shit and one of the weakest currencies in Africa will still dwindle in the near ages to come.
Nigeria is a hell.

jrusky:
Bro it's so shameful and very embarrassing. 190 million heads still wallowing in less 5,000MW it's a big shame I'm sure all those apc slow pokes will blame Jonathan now.

I repeat I cursed the day apc was voted to power that day is the most horrible day in Nigeria history.

Yobeezy:
Nigerians keep on overrating their country at all cost claiming to be the best in Africa yet 26,000 of them are living and working in Kenya,some are even calling Kenya their second home,the likes of Obinna and Yemi Alade.
Now if they think their country is the best in Africa,why don't they stay in their own and enjoy all the massive opportunities that they think which other African nations doesn't have?

delugajackson:
Pictures of the leaking plane or we don't believe it.

Dulles25:
This is quite sad, and the Nigerian diplomats should have this discussion with the Kenyan government.
Police harassment to legal immigrants mostly from West Africa is quite rampant.

There are definitely few criminal ones(like some Nigerians recently found car jacking in Roysambu ), but a student who is in Kenya for studies should not go through this torture by the police. Someone must be held accountable.
A student at USIU is definitely one whose parents has really invested in his studies, and mostly financially stable to be doing monkey business in Kenya.
Police harassment of Nigerians should end!
Where is the Nigerian government when her citizens are buttered and killed? So sad.

wizzdy:
It's shameful! The kind of scrutiny I went through at busia boarder between Kenya and Uganda doesn't tell good about us in fact holding a Nigerian passport is such a disadvantage. Even with my permits here as a student I still get treated like a criminal.
It's unfortunate out government isn't doing anything. Yes we have some bad eggs among us but it doesn't justify the huge maltreatment we get in some of these African countries. I've been to all countries in east Africa non can I say is better than us even when u put them together! We have what it takes to be looked up to as a role model and not be seen as criminals. Not with Uganda looking like ariaria market in Aba I honestly blame our government!