The answer to these questions and many more can be found in the study “Comparing the Real Size of African Economies: Highlights of the main findings of the 2011 round of the international comparison program in Africa”, published by The Statistics Department of the African Development Bank.
The report provides a reliable basis for comparing GDP expenditures across 50 African countries using Purchasing Power Parities (PPPs).Here are some of the key findings:
-Egypt is the largest economy in Africa accounting for 23 percent of the continent’s total real GDP, compared with 17 percent for second-place South Africa. Nigeria remains Africa’s third-largest economy representing 14 percent of continental GDP.
-Africa’s four economic giants are Egypt, South Africa, Nigeria and Algeria.
-The four countries with the highest per capita GDP are Equatorial Guinea, the Seychelles, Mauritius and Gabon.
-The countries with the highest price levels are Liberia and the Comoros Islands.
-Investment was particularly high in Equatorial Guinea, Seychelles, Botswana and Mauritius.
-Mauritius, the Seychelles and Egypt are the countries with the highest per capita Actual Individual Consumption (AIC) rates.
You can consult the full findings of Africa’s ICP 2011 here.