Gross Domestic Product — Value US$ in Africa
Africa: Gross Domestic Product — Value US$ was 3.10 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Africa is 3.10 million million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 10.3% on the previous year and up 16.4% over ten years.
Over the whole period, gross domestic product — value us$ in Africa peaked at 3.10 million million USD in 2024 and was at its lowest, 116,685 million USD, in 1970.
That places Africa 17th out of 29 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.
Gross Domestic Product — Value US$ in Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 116,685 million USD | — |
| 1971 | 129,674 million USD | +11.1% |
| 1972 | 148,467 million USD | +14.5% |
| 1973 | 179,949 million USD | +21.2% |
| 1974 | 243,235 million USD | +35.2% |
| 1975 | 278,832 million USD | +14.6% |
| 1976 | 312,389 million USD | +12.0% |
| 1977 | 360,312 million USD | +15.3% |
| 1978 | 412,701 million USD | +14.5% |
| 1979 | 482,993 million USD | +17.0% |
| 1980 | 611,655 million USD | +26.6% |
| 1981 | 582,603 million USD | -4.7% |
| 1982 | 572,069 million USD | -1.8% |
| 1983 | 576,370 million USD | +0.8% |
| 1984 | 561,766 million USD | -2.5% |
| 1985 | 553,756 million USD | -1.4% |
| 1986 | 487,862 million USD | -11.9% |
| 1987 | 465,885 million USD | -4.5% |
| 1988 | 496,896 million USD | +6.7% |
| 1989 | 499,811 million USD | +0.6% |
| 1990 | 558,871 million USD | +11.8% |
| 1991 | 562,848 million USD | +0.7% |
| 1992 | 585,484 million USD | +4.0% |
| 1993 | 582,617 million USD | -0.5% |
| 1994 | 557,374 million USD | -4.3% |
| 1995 | 604,663 million USD | +8.5% |
| 1996 | 632,880 million USD | +4.7% |
| 1997 | 655,026 million USD | +3.5% |
| 1998 | 646,755 million USD | -1.3% |
| 1999 | 655,761 million USD | +1.4% |
| 2000 | 673,478 million USD | +2.7% |
| 2001 | 659,074 million USD | -2.1% |
| 2002 | 679,416 million USD | +3.1% |
| 2003 | 813,870 million USD | +19.8% |
| 2004 | 990,553 million USD | +21.7% |
| 2005 | 1.17 million million USD | +18.2% |
| 2006 | 1.36 million million USD | +15.7% |
| 2007 | 1.57 million million USD | +16.1% |
| 2008 | 1.83 million million USD | +16.3% |
| 2009 | 1.73 million million USD | -5.2% |
| 2010 | 2.05 million million USD | +17.9% |
| 2011 | 2.28 million million USD | +11.7% |
| 2012 | 2.46 million million USD | +7.5% |
| 2013 | 2.53 million million USD | +2.8% |
| 2014 | 2.66 million million USD | +5.4% |
| 2015 | 2.42 million million USD | -9.2% |
| 2016 | 2.27 million million USD | -6.1% |
| 2017 | 2.37 million million USD | +4.3% |
| 2018 | 2.50 million million USD | +5.5% |
| 2019 | 2.60 million million USD | +4.2% |
| 2020 | 2.48 million million USD | -4.6% |
| 2021 | 2.76 million million USD | +11.3% |
| 2022 | 2.91 million million USD | +5.3% |
| 2023 | 2.81 million million USD | -3.5% |
| 2024 | 3.10 million million USD | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 266,524 million USD | 116,685 million USD | 482,993 million USD | 10 |
| 1980s | 540,867 million USD | 465,885 million USD | 611,655 million USD | 10 |
| 1990s | 604,228 million USD | 557,374 million USD | 655,761 million USD | 10 |
| 2000s | 1.15 million million USD | 659,074 million USD | 1.83 million million USD | 10 |
| 2010s | 2.41 million million USD | 2.05 million million USD | 2.66 million million USD | 10 |
| 2020s | 2.81 million million USD | 2.48 million million USD | 3.10 million million USD | 5 |
Countries ranked near Africa
- 14 Australia 1.84 million million USD compare
- 15 Spain 1.72 million million USD compare
- 16 Indonesia 1.40 million million USD compare
- 17 Netherlands (Kingdom of the) 1.23 million million USD compare
- 18 Saudi Arabia 1.08 million million USD compare
- 19 Switzerland 936,564 million USD compare
- 20 Poland 911,037 million USD compare
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$ 10.34 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -6.42 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 19.18 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 668,776 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 594,014 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.5509 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.89 % (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 88.82 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Africa?
- Gross domestic product — value us$ in Africa was 3.10 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Africa?
- The highest recorded value was 3.10 million million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Africa?
- The lowest recorded value was 116,685 million USD in 1970.
- How does Africa rank for gross domestic product — value us$?
- Africa ranks 17th out of 29 groups with data for 2024.
- Is gross domestic product — value us$ rising or falling in Africa?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is volatile.
- Where does this Africa data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).