The global economy is a complex and interconnected system, with different countries playing different roles and contributing varying levels of wealth and economic activity. One way to measure a country’s economic strength is by looking at its Gross Domestic Product (GDP), which is the total value of goods and services produced within a country’s borders in a given period.
In addition, GDP also takes into consideration the output of services provided by the government, such as money spent on defense, healthcare, or education. Generally speaking, when GDP is increasing in a country, it is a sign of greater economic activity that benefits workers and businesses (while the reverse is true for a decline).
Here are the top 10 largest economies in Africa.
Rank | Country | GDP |
1. | South Africa | $401 billion |
2. | Nigeria | $395 billion |
3. | Egypt | $358 billion |
4. | Algeria | $239 billion |
5. | Ethiopia | $192 billion |
6. | Morocco | $157 billion |
7. | Kenya | $115 billion |
8. | Angola | $93 billion |
9. | Ivory Coast | $87 billion |
10. | Tanzania | $86 billion |