Annual GDP growth in Africa
Africa: Annual GDP growth was 3.4% in 2024. ◆ Volatile
Annual GDP growth in Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Africa is 3.4%, measured in 2024.
That represents a change of up 7.5% on the previous year and down 4.8% over ten years.
Over the whole period, annual gdp growth in Africa peaked at 6.0% in 2006 and was at its lowest, -3.2%, in 2020.
That places Africa 13th out of 34 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 3.9% | -0.2% |
| 2002 | 5.2% | +33.0% |
| 2003 | 4.7% | -9.3% |
| 2004 | 5.9% | +26.5% |
| 2005 | 5.8% | -1.7% |
| 2006 | 6.0% | +2.5% |
| 2007 | 5.9% | -0.8% |
| 2008 | 5.0% | -15.6% |
| 2009 | 2.9% | -42.1% |
| 2010 | 5.6% | +93.6% |
| 2011 | 1.6% | -71.0% |
| 2012 | 4.8% | +194.0% |
| 2013 | 3.6% | -24.8% |
| 2014 | 3.5% | -1.9% |
| 2015 | 3.1% | -12.2% |
| 2016 | 1.8% | -42.4% |
| 2017 | 3.4% | +88.2% |
| 2018 | 3.2% | -5.2% |
| 2019 | 2.5% | -20.5% |
| 2020 | -3.2% | -228.0% |
| 2021 | 4.2% | -230.6% |
| 2022 | 4.0% | -4.4% |
| 2023 | 3.1% | -22.8% |
| 2024 | 3.4% | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | 2.9% | 6.0% | 10 |
| 2010s | 3.3% | 1.6% | 5.6% | 10 |
| 2020s | 2.3% | -3.2% | 4.2% | 5 |
Countries ranked near Africa
More economy & growth data for Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.26 Percent per annum (2028)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.89 % (2024)
- Gross Domestic Product — Annual growth US$ 10.34 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.5509 % (2024)
- Gross Fixed Capital Formation — Value US$ 594,014 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 668,776 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ -6.42 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.98 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 19.18 % (2024)
Frequently asked questions
- What is annual gdp growth in Africa?
- Annual gdp growth in Africa was 3.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Africa?
- The highest recorded value was 6.0% in 2006.
- What is the lowest annual gdp growth recorded in Africa?
- The lowest recorded value was -3.2% in 2020.
- How does Africa rank for annual gdp growth?
- Africa ranks 13th out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in Africa?
- Over the last ten years it is down 4.8%. The long-run trend across the full record is volatile.
- Where does this Africa data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).