Visualizing the GDP of African Countries

What we’re showing

2024 GDP projections for African countries. These estimates come from the International Monetary Fund (IMF), and are as of Oct. 2023.

Spotlight on South Africa

In South Africa, the mining industry is a major contributor to GDP, accounting for nearly 60% of total exports in the first half of 2023. The country is one of the world's biggest producers of gold, diamonds, platinum, manganese, and other minerals.

Concerns regarding the sustainability of South Africa's mining industry have grown since the pandemic. According to a report by PwC, the country's gold industry may have less than 30 years left without renewed investment.

High inflation hampers Egypt

Africa's third-largest economy has suffered from extremely high inflation since the beginning of the Russia-Ukraine conflict. This is largely due to Egypt's reliance on food imports from those nations.

According to the IMF, core inflation in Egypt hit nearly 40% in 2023, while food inflation briefly surpassed 70%.