List of african countries by GDP ( nominal ) - wikipedia List of african countries by GDP ( nominal ) Gross domestic product ( GDP ) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund. The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country 's currency. Such fluctuations may change a country 's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. Some countries may have citizens that are on average wealthy. These countries / regions could appear in this list as having a small GDP. This would be because the country / region listed has a small population, and therefore small total economy ; the GDP is calculated as the population times market value of the goods and services produced per person in the country. These figures should therefore be used with caution. Comparisons of national wealth are also frequently made on the basis of purchasing power parity ( PPP ), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks ; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. List Map of Africa by 2008 nominal GDP ( billions USD ) : above 200 100 - 200 50 - 100 20 - 50 10 - 20 5 - 10 1 - 5 below 1 Map of Africa by 2017 nominal GDP per capita ( USD ) The 2017 estimates are as follows : GDP ( Nominal ) of Africa 2017 Nigeria ( 17.17 % ) South Africa ( 15.94 % ) Egypt ( 10.81 % ) Algeria ( 8.13 % ) Angola ( 5.66 % ) Sudan ( 5.43 % ) Morocco ( 5.01 % ) Ethiopia ( 3.69 % ) Kenya ( 3.62 % ) Tanzania ( 2.36 % ) Other Countries ( 22.18 % ) 2017 Rank Country Nominal GDP ( $ billions ) Nominal GDP per capita ( US $ ) Notes Nigeria 376.284 1,994.235 South Africa 349.299 6,179.870 Egypt 237.037 2,500.772 Algeria 178.287 4,292.272 Angola 124.209 4,407.657 6 Sudan 119.00 1,428.000 7 Morocco 109.824 3,151.145 8 Ethiopia 80.874 872.840 9 Kenya 79.511 1,701.550 10 Tanzania 51.725 1,033.567 11 Ghana 47.032 1,663.190 12 Democratic Republic of the Congo 41.441 478.237 13 Ivory Coast 40.360 1,616.981 14 Tunisia 40.275 3,496.286 15 Cameroon 34.006 1,400.743 16 Libya 31.331 4,858.672 17 Uganda 26.349 699.410 18 Zambia 25.504 1,479.542 19 Zimbabwe 17.491 1,175.723 20 Botswana 17.168 7,876.997 21 Senegal 16.463 1,038.094 22 Mali 15.318 810.771 23 Gabon 15.206 7,971.589 24 Namibia 12.687 5,413.508 25 Mozambique 12.681 429.296 26 Burkina Faso 12.569 663.806 27 Mauritius 12.428 9,794.102 28 Madagascar 11.463 447.558 29 Equatorial Guinea 10.725 12,726.956 30 Chad 9.872 810.163 31 Guinea 9.721 749.463 32 Benin 9.238 830.404 33 Rwanda 9.137 771.702 34 Congo 8.513 1,958.174 35 Niger 8.253 439.997 36 Somalia 7.382 547.32 37 Malawi 6.206 323.740 38 Eritrea 5.813 979.692 39 Mauritania 5.116 1,317.938 40 Togo 4.767 611.133 41 eSwatini ( Swaziland ) 4.491 3,914.821 42 Sierra Leone 3.641 491.448 43 Burundi 3.396 312.463 44 Liberia 3.285 729.292 45 South Sudan 2.870 228.034 46 Lesotho 2.768 1,425.310 47 Djibouti 2.029 1,988.765 48 Central African Republic 1.928 386.806 49 Cape Verde 1.741 3,237.597 50 Seychelles 1.482 15,685.955 51 Guinea - Bissau 1.350 794.107 52 The Gambia 1.009 480.040 53 Comoros 0.652 787.831 54 São Tomé and Príncipe 0.379 1,785.280 -- Total 2,191.104 See also Africa portal List of African countries by GDP ( PPP ) List of African countries by Human Development Index Economy of Africa References Jump up ^ Moffatt, Mike. `` A Beginner 's Guide to Purchasing Power Parity Theory ''. About.com. IAC / InterActiveCorp. Retrieved 31 May 2014. Jump up ^ Ito, Takatoshi et. al. ( January 1999 ). `` Economic Growth and Real Exchange Rate : An Overview of the Balassa - Samuelson Hypothesis in Asia '' ( PDF ). Changes Rates in Rapidly Development Countries : Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 1 June 2014. Jump up ^ `` What is GDP and why is it so important ? ''. Investopedia. IAC / InterActiveCorp. 26 February 2009. Retrieved 30 May 2014. Jump up ^ `` GDP rankings in Africa ''. visafrican. Visafrican.com. 23 July 2016. Retrieved 23 July 2016. Jump up ^ Callen, Tim ( 28 March 2012 ). `` Purchasing Power Parity : Weights Matter ''. Finance & Development. International Monetary Fund. Retrieved 30 May 2014. Jump up ^ Callen, Tim ( 28 March 2012 ). `` Gross Domestic Product : An Economy 's All ''. Finance & Development. International Monetary Fund. Retrieved 31 May 2014. Jump up ^ IMF World Economic Outlook ( WEO ), April 2018 ( 1 ) ( 2 ) Jump up ^ `` IMF World Economic Outlook ( WEO ), October 2016 ''. Jump up ^ `` The World Factbook - Sudan ''. cia. May 5, 2018. Jump up ^ `` Kenya 's economy increases by a quarter to join Africa 's top 10 ''. Reuters. 30 September 2014. Retrieved 23 December 2014. 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Question: the country that has the best economy in africa
Answer: Nigeria