According to 2024 estimates by the African Development Bank Group, African countries are projected to account for more than half of the world fastest growing economies; in particular, Niger, Senegal, Libya and Rwanda are expected to grow at the fastest rate of over 7% per year.[1]
Estimates of Real Gross Domestic Product (GDP) growth rate in 2023 show that most African countries were at the 5% growth mark.[2] At that time, Libya was leading the continent at 17.5%, with Senegal following at 8.3%. DRC, Côte d'Ivoire and Rwanda also made the top five performing countries. At the bottom of the list, South Africa had a growth rate of 0.1% while Equatorial Guinea's economy had receded with a rate of -1.8%.
World Bank estimates for 2022 presented a different picture, with Niger leading economic growth at 11.5%, South Sudan receding at a rate of -10.8% and the continent as a whole seeing an average of 4.2% growth.[3]
This is a list of estimates of thereal gross domestic productgrowth rate (not rebased GDP) inAfrican states for 2023 recorded in theCIA World Factbook. Onlyfully recognisedsovereign states withUnited Nations membership are included on this list.
| Real GDP Growth Rates in Africa (2023)[4] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Economic classification of countries | |||||
|---|---|---|---|---|---|
| Three/Four-World Model | |||||
| Gross domestic product (GDP) |
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| Gross national income andIncome | |||||
| Wages andsalary | |||||
| Wealth | |||||
| Othernational accounts | |||||
| Human development | |||||
| Digital divide | |||||
| Net international investment position (NIIP) | |||||
