07/03/2026
Half of Africa’s GDP comes from these five countries.
Africa’s economy is highly concentrated. In 2024, just five countries accounted for about half of the continent’s total GDP: Nigeria, South Africa, Egypt, Algeria and Ethiopia.
Nigeria had the largest economy, supported by oil exports and a large domestic market. South Africa and Egypt were the continent’s other major economic centres with large financial, industrial and service sectors.
Algeria’s economy relied heavily on oil and gas exports, while Ethiopia became one of Africa’s largest economies after two decades of rapid growth.
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