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Economies of Africa

63 articles

Economy of Mali

The economy of Mali is a low-income, largely informal Sahelian economy built on gold exports and rain-fed agriculture, with a GDP of about USD 20.2 billion in 2023.

Economy of Mauritania

The economy of Mauritania is a sparsely populated, highly open extractive economy in which iron ore, gold, and fisheries dominate exports, joined in 2025 by offshore liquefied natural gas.

Economy of Mauritius

The economy of Mauritius, also known as the Mauritian economy, is a diversified upper-middle-income island economy off Africa that turned from a sugar monocrop into a services-led economy.

Economy of Morocco

The economy of Morocco is a diversified North African economy with a 2024 GDP of US$154.6 billion, driven by services, industry, phosphates, automotive exports, and tourism.

Economy of Mozambique

The economy of Mozambique is an extractive-led economy whose currency is the metical. It grew 7.9% yearly from 2000 to 2015, then slowed after the 2016 hidden-debt scandal.

Economy of Namibia

The economy of Namibia, also known as the Namibian economy, is a small, resource-dependent economy in southwestern Africa with GDP of US$13.4 billion in 2024.

Economy of Niger

The economy of Niger is a landlocked Sahelian economy built on rain-fed subsistence agriculture, informal trade, and, since 2024, large-scale crude oil exports, with uranium and gold as traditional mineral exports.

Economy of Nigeria

The economy of Nigeria, also called the Nigerian economy, is Africa's fourth largest by nominal GDP in 2024, dominated by services and agriculture despite oil's fiscal importance.

Economy of North Africa

The economy of North Africa comprises the national economies of Egypt, Algeria, Morocco, Tunisia, Libya, Mauritania, and Sudan, with combined GDP of about $968.5 billion in 2024.

Economy of Rwanda

The economy of Rwanda, also known as the Rwandan economy, is a services-led African economy that has grown about 8 percent annually since the 1994 genocide.

Economy of Senegal

The economy of Senegal, also called the Senegalese economy, is a services-led, CFA franc–based economy of roughly USD 31–33 billion that entered a new oil and gas era in 2024.

Economy of Seychelles

The economy of Seychelles, also known as the Seychellois economy, is a small island economy of about 122,000 people, based on tourism and fisheries and Africa's highest income per person.

Economy of Sierra Leone

The economy of Sierra Leone is a low-income, resource-dependent West African economy, with GDP of about US$8.0 billion and more than half the population in poverty.

Economy of Somalia

The economy of Somalia, also known as the Somalian economy, produces about $13 billion a year, driven by livestock exports to the Gulf, diaspora remittances, and mobile money.

Economy of South Africa

The economy of South Africa is a service-dominated economy of about $427 billion in 2025, larger than Nigeria's, with unemployment above 30% and among the world's highest inequality.

Economy of South Sudan

The economy of South Sudan is a landlocked, oil-dependent economy that since independence in 2011 has drawn most exports and government revenue from crude oil exported through Sudan.

Economy of Southern Africa

The economy of Southern Africa is dominated by the Southern African Development Community, whose combined GDP reached US$845.8 billion in 2024, with South Africa alone accounting for 46.1%.

Economy of Sub-Saharan Africa

The economy of Sub-Saharan Africa is the combined economic activity of countries south of the Sahara, dominated by South Africa and Nigeria, with regional growth near 4 percent since 2024.

Economy of Sudan

The economy of Sudan, also known as the Sudanese economy, collapsed after civil war broke out in April 2023, with GDP falling roughly 29 percent.

Economy of Tanzania

The economy of Tanzania, also known as the Tanzanian economy, is a largely agrarian, lower-middle-income economy in East Africa, with agriculture employing about two-thirds of workers.

Economy of the Central African Republic

The economy of the Central African Republic is among the world's poorest, with agriculture over 40 percent of GDP and gold, diamonds, and timber the main exports.

Economy of the Democratic Republic of the Congo

The economy of the Democratic Republic of the Congo is a mining-dominated economy in central Africa, producing about 75% of the world's cobalt, with GDP of about $71.5 billion in 2024.

Economy of the Gambia

The economy of The Gambia is a small, service-heavy economy driven by tourism, remittances, groundnuts, and re-exports, growing about 5 to 6 percent a year since 2022.

Economy of the Republic of the Congo

The economy of the Republic of the Congo is a small, oil-dominated economy of about 6.3 million people, with oil providing roughly 65 percent of GDP and 92 percent of exports.

Economy of Togo

The economy of Togo is a West African economy dependent on cotton and phosphate exports, whose growth averaged 4.8% annually from 2020 to 2023 despite the COVID-19 pandemic.

Economy of Tunisia

The economy of Tunisia is a diversified North African economy of about US$58 billion that uses the Tunisian dinar and has grown slowly since the 2011 revolution.

Economy of Uganda

The economy of Uganda is a low-income, services-led East African economy of about US$62–66 billion in GDP, with a large agricultural base and a heavily informal labor market.

Economy of West Africa

The economy of West Africa is the combined economy of the ECOWAS states, dominated by Nigeria, split into two currency zones, and dependent on oil, gold, and cocoa exports.

Economy of Zambia

The economy of Zambia is a $29 billion southern African economy centered on copper mining, which defaulted on its debt in 2020 and restructured it by 2025.

Economy of Zimbabwe

The economy of Zimbabwe is a heavily dollarized economy in southern Africa, with GDP of roughly US$46–50 billion in 2024–2025 and recurrent currency collapse since 2000.