The International Monetary Fund each year releases the Gross domestic product (GDP) information of countries around the world. GDP is the market value of all final goods and services from a nation in a given year. The GDP is calculated as the population times market value of the goods and services produced per person in the country. Therefore, some countries with relatively wealthy citizens but with low populations may appear to have a small GDP. According to the report, Nigeria is Africa’s largest economy with a GDP of $397.5 billion followed closely by South Africa at $376.7 billion.
Here is a list of the biggest economies in Africa.