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Highest GDP In Africa (Nominal)
The business district in Johannesburg, South Africa
The business district in Johannesburg, South Africa image: Zakysant (license)

Africa is the poorest continent, by far, with only a few percent of the World's GDP created by it's 53 countries. The biggest economy on the continent belongs to South Africa, but on a global scale they only rank at number 32 in the rich-list of nations. In fact only the top four African economies mentioned below actually make it into the World's top 50 economies based on GDP. Even though South Africa is the continent's financial leader, by 2001 only 85% of homes in the country had access to clean water, 70% had electricity and just 50% had toilets which flush, and these statistics are presumed to have remained at a similar level to this day.

We have chose to include both the International Monetary Fund's (IMF) estimates along with those from the World Bank, and the variations in the two sets of figures can be explained by different testing criteria and techniques by the World's two 'most trusted' financial institutions. The figures below are listed by 'nominal' Gross Domestic Product (GDP), which measures the market value of all goods and services from an entire nation in a given year.

Country
International Monetary Fund (IMF) - $US [1]
World Bank - $US [2]
1
South Africa
276,764,000,000
276,764,000,000
2
Nigeria
207,116,000,000
212,080,000,000
3
Egypt
162,617,000,000
162,818,000,000
4
Algeria
159,669,000,000
173,882,000,000
5
Libya
89,916,000,000
99,926,000,000
6
Morocco
88,879,000,000
86,329,000,000
7
Angola
83,384,000,000
83,383,000,000
8
Sudan
57,911,000,000
58,443,000,000
9
Tunisia
40,348,000,000
40,180,000,000
10
Kenya
30,236,000,000
34,507,000,000
 
 
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References
[1] "World Economic Outlook Database, October 2009" These are the latest figures to be released by the International Monetary Fund (IMF) as of the 1st of October 2009, and are based on the total GDP for each country for the whole of 2008.
[2] "World Bank Gross Domestic Product Figures For 2008" These are the latest available figures which were released by the World Bank as of the 1st of October 2009, and are based on the total GDP for each country for the whole of 2008.
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