Nigeria, South Africa, Egypt make up half of Africa’s $2.7trn economy

The economies of Nigeria, South Africa, and Egypt – make up about half of Africa’s economic output measured by Gross Domestic Product (GDP) in nominal terms according  to International Centre for investigative Reporting

The three countries contribute up to 49.5 per cent (approximately 50 per cent) of Africa’s economy, with Nigeria contributing 18.4 per cent, South Africa 15.9 per cent, and Egypt having a share of about 15.2 per cent of the $2.7 trillion economy.

Nigeria sits at the top of the African economy, in terms of nominal GDP in 2021, making up 18.4 per cent of the continent’s $2.7 trillion economy.