Growth Rate in Different

Countries of Africa
Angola

The Gross Domestic Product

(GDP) in Angola contracted 2.5
percent in 2017. GDP Growth
Rate in Angola averaged 8.68
percent from 2000 until 2017,
reaching an all time high of
23.20 percent in 2007 and a
record low of 0.10 percent in
2016.
Angola

Angola is Africa’s second largest oil producer. As such, oil production is the
main sector of the economy, accounting for about 47 percent of total GDP, 98
percent of export earnings and 75% of government revenues. Within the non-
oil sector, Wholesale and Retail Sales (21 percent of total output) and
Agriculture and Fishery (10 percent) are the biggest. Other sectors include:
Construction (7.7 percent), Other Sectors (7.2 percent ), Manufacturing (6
percent) and Diamonds (1 percent).
Egypt

The GDP in Egypt expanded

5.40 percent year-on-year in the
second quarter of 2018, the same
as in the previous period. GDP
Growth Rate in Egypt averaged
4.07 percent from 1992 until 2017,
reaching an all time high of 7.70
percent in the fourth quarter of
2007 and a record low of -3.80
percent in the first quarter of
2011.
 Egypt

Egypt has one of the most developed and diversified economies in

the Middle East. Until 2010, Egyptian economy was growing an
average 5 percent a quarter as a result of several economic reforms
attracting foreign investments. During that time, the economy and
the living standards for majority of population improved. Yet, living
conditions for the average Egyptian still remained poor and large
income disparities continued to grow, leading to the public
discontent. The 2011 revolution, which brought down President Hosni
Mubarak regime, have caused economic slowdown as political and
institutional uncertainty and rising insecurity continue to hurt
tourism, manufacturing, and construction.
Ethiopia

The Gross Domestic Product

(GDP) in Ethiopia expanded 10.20
percent in 2017 from the
previous year. GDP Annual
Growth Rate in Ethiopia averaged
5.85 percent from 1981 until
2017, reaching an all time high of
13.90 percent in 1986 and a
record low of -11.10 percent in
1984.
Ethiopia

Ethiopia is among the fastest growing non-oil economies in the world

as the government reforms undertaken in recent years have succeeded in
opening the economy to foreign direct investments and resulted in
expansion of commercial agriculture and manufacturing industry.
Ghana
Ghana

Ghana’s economy expanded 5.4 percent year-on-year in the second

quarter of 2018, the same pace as in the previous period. It remained
the weakest growth rate since the third quarter of 2016, mostly due to a
slowdown in the services sector. On a quarterly basis, the gross
domestic product grew 1.3 percent. The country rebased its nationals
accounts from 2006 prices to 2013. GDP Annual Growth Rate in Ghana
averaged 6.66 percent from 2000 until 2018, reaching an all time high of
25 percent in the first quarter of 2012 and a record low of -1.60 percent
in the third quarter of 2015.
Ghana

Services is the largest sector of the Ghanaian economy, accounting for 52

percent of the GDP. Within services, the most important sub-sectors are:
transport and storage (10 percent); information and communication (9.8
percent); trade, repair of vehicles and household goods (7 percent) and financial
and insurance activities; education and public administration & defense and
social security (4 percent each). Also, industry accounts for 26 percent of the
GDP with mining and quarrying (10 percent); construction (8 percent) and
manufacturing (7 percent). Agriculture accounts for 22 percent, mainly crops (17
percent). On the expenditure side, household consumption is the main
component of the GDP and accounts for 81 percent of its total use, followed by
gross fixed capital formation (11 percent); government expenditure (10 percent)
and changes in stocks (2 percent). Exports of goods and services account for 48
percent of GDP while imports for 52 percent, subtracting 4 percent of total GDP.
Kenya

The Gross Domestic

Product (GDP) in Kenya
expanded 1.50 percent in the
second quarter of 2018 over
the previous quarter. GDP
Growth Rate in Kenya
averaged 1.34 percent from
2005 until 2018, reaching an
all time high of 3.80 percent
in the third quarter of 2010
and a record low of -2.40
percent in the first quarter of
2008.
Kenya

Kenya is one the most developed countries in East Africa. Agriculture,

Forestry and Fishing (including coffee and tea cultivation) is the largest
sector of the economy and accounts for about 22 percent. Manufacturing
is the second largest sector and represents around 11 percent of the GDP.
Other major sectors include: Real Estate (about 8 percent of total GDP),
Wholesales and Retail Trade (around 7 percent), Transport and Storage
(around 7 percent) , Education (about 7 percent), Financial and Insurance
Activity (around 6 percent) and Construction (around 5 percent).
Remaining part of GDP is mostly allocated to Information and
Communication; Public Administration and Defense; Human Health and
Social Work Activities; Electricity Supply; Administrative and Support
Service Activities.
Nigeria
Nigeria

The economy of Nigeria grew 1.5 percent year-on-year in the second

quarter of 2018, slowing from a 1.9 percent expansion in the prior period. It
was the weakest growth rate since the third quarter of last year, as oil output
shrank while the non-oil sector continued to rise. On a quarterly basis, the
economy advanced 2.9 percent, after contracting 13.4 percent in the previous
quarter. GDP Annual Growth Rate in Nigeria averaged 3.87 percent from 1982
until 2018, reaching an all time high of 19.17 percent in the fourth quarter of
2004 and a record low of -7.81 percent in the fourth quarter of 1983.
Nigeria

Nigeria is the biggest economy in Africa. Services is the largest sector

of the economy, accounting for about 50 percent of total GDP. One of the
fastest growing segments in Services are Information and Communication,
which together account for about 10 percent of the total output.
Agriculture, which in the past was the biggest sector, now weights around
23 percent. Crude Petroleum and Natural Gas constitute only 11 percent
of total GDP, while being the main exports. Industry and Construction
account for the remaining 16 percent of GDP.
Ranking of Countries in GDP

1. Nigeria 375.77 USD Billion

2. Egypt 235.37 USD Billion
3. Angola 124.21 USD Billion
4. Ethiopia 80.56 USD Billion
5. Kenya 74.94 USD Billion
6. Ghana 47.33 USD Billion
Ranking of Countries in GDP Growth Rate

1. Ethiopia 10.20 percent

2. Kenya 6.30 percent
3. Ghana 5.40 percent
4. Egypt 5.40 percent
5. Nigeria 1.50 percent
6. Angola -7.40 percent