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Power ranking: South Africa will once again become the leading African economy in 2024

22/04/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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A report published by the International Monetary Fund (IMF) on April 16 last year shows the ranking of economic powers in Africa.

The report, entitled “World Economic Outlook April 2024", mentions that South Africa will return to 1st place économie African in 2024. Egypt, which had reached the rank of 1st African economy in 2023, is expected to fall to 2nd place in 2024 while Nigeria should move from 2nd to 4th position. Algeria will rise to the 3rd step of the podium, in particular thanks to the rise in hydrocarbon prices

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Selon le FMI, Nigeria's gross domestic product is expected to reach 253 billion USD this year, based on current prices. Algeria's GDP is expected to be USD 267 billion. Egypt's will stand at 348 billion USD against 373 billion USD for South Africa

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