Africa's Development: Annual real GDP growth rate Growth rate … 02 in Africa
Africa: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 4.26 Percent per annum in 2028. ▲ Rising
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Africa, 1990–2028
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2028, africa's development dynamics (afdd) table 02 - annual real gdp in Africa stood at 4.26 Percent per annum.
That represents a change of up 1.2% on the previous year and up 23.8% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Africa peaked at 6.05 Percent per annum in 2012 and was at its lowest, -1.75 Percent per annum, in 2020.
Africa ranks 9th of 28 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 39 years of available data.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Africa, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 1.63 Percent per annum | — |
| 1991 | 2.3 Percent per annum | +40.8% |
| 1992 | 0.118 Percent per annum | -94.9% |
| 1993 | 0.8212 Percent per annum | +596.0% |
| 1994 | 2.54 Percent per annum | +209.6% |
| 1995 | 2.55 Percent per annum | +0.2% |
| 1996 | 5.03 Percent per annum | +97.6% |
| 1997 | 3.16 Percent per annum | -37.3% |
| 1998 | 4.03 Percent per annum | +27.5% |
| 1999 | 3.07 Percent per annum | -23.7% |
| 2000 | 4.24 Percent per annum | +37.9% |
| 2001 | 4.51 Percent per annum | +6.5% |
| 2002 | 4.91 Percent per annum | +9.0% |
| 2003 | 5.44 Percent per annum | +10.7% |
| 2004 | 5.92 Percent per annum | +8.9% |
| 2005 | 5.85 Percent per annum | -1.3% |
| 2006 | 5.62 Percent per annum | -3.9% |
| 2007 | 6.02 Percent per annum | +7.2% |
| 2008 | 5.21 Percent per annum | -13.5% |
| 2009 | 2.97 Percent per annum | -43.0% |
| 2010 | 5.95 Percent per annum | +100.5% |
| 2011 | 2.68 Percent per annum | -55.0% |
| 2012 | 6.05 Percent per annum | +125.9% |
| 2013 | 3.65 Percent per annum | -39.7% |
| 2014 | 3.74 Percent per annum | +2.6% |
| 2015 | 3.38 Percent per annum | -9.7% |
| 2016 | 2.21 Percent per annum | -34.7% |
| 2017 | 3.82 Percent per annum | +73.2% |
| 2018 | 3.44 Percent per annum | -9.8% |
| 2019 | 2.94 Percent per annum | -14.7% |
| 2020 | -1.75 Percent per annum | -159.7% |
| 2021 | 4.86 Percent per annum | -377.0% |
| 2022 | 3.98 Percent per annum | -18.0% |
| 2023 | 3.17 Percent per annum | -20.3% |
| 2024 | 3.51 Percent per annum | +10.6% |
| 2025 | 4.04 Percent per annum | +15.2% |
| 2026 | 4.05 Percent per annum | +0.2% |
| 2027 | 4.22 Percent per annum | +4.2% |
| 2028 | 4.26 Percent per annum | +1.2% |
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +596.0% | 0.118 Percent per annum | 0.8212 Percent per annum |
| 2021 | +377.0% | -1.75 Percent per annum | 4.86 Percent per annum |
| 1994 | +209.6% | 0.8212 Percent per annum | 2.54 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.52 Percent per annum | 0.118 Percent per annum | 5.03 Percent per annum | 10 |
| 2000s | 5.07 Percent per annum | 2.97 Percent per annum | 6.02 Percent per annum | 10 |
| 2010s | 3.79 Percent per annum | 2.21 Percent per annum | 6.05 Percent per annum | 10 |
| 2020s | 3.37 Percent per annum | -1.75 Percent per annum | 4.86 Percent per annum | 9 |
Countries ranked near Africa
- 6 Tanzania 6.5 Percent per annum compare
- 7 India 6.5 Percent per annum compare
- 7 Cabo Verde 4.51 Percent per annum compare
- 8 Madagascar 4.5 Percent per annum compare
- 8 Philippines 6.4 Percent per annum compare
- 9 Liberia 6.15 Percent per annum compare
- 10 Benin 6.03 Percent per annum compare
- 11 Côte d’Ivoire 6 Percent per annum compare
- 12 Niger 5.97 Percent per annum compare
More economy & growth data for Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 10.08 million (2027)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 7.25 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -9.98 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 10.34 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.89 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -6.42 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 3.95 % change on previous year (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 3.95 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -6.42 % (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Africa?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Africa was 4.26 Percent per annum in 2028, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Africa?
- The highest recorded value was 6.05 Percent per annum in 2012.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Africa?
- The lowest recorded value was -1.75 Percent per annum in 2020.
- How does Africa rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Africa ranks 9th out of 28 groups with data for 2028.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Africa?
- Over the last ten years it is up 23.8%. The long-run trend across the full record is rising.
- Where does this Africa data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.