Africa’s fastest-growing economies in 2022: Forecasts for Kenya, Nigeria, Ghana and more
The International Monetary Fund (IMF) recently released its World Economic Outlook Database for October 2021 that features the organisation’s projected gross domestic product (GDP) growth for countries across the world. Here is how African economies are expected to perform over the coming two years, ranked according to anticipated growth in 2022.
1. Seychelles 2022: 7.7%2023: 6.8%
2. Rwanda 2022: 7.0%2023: 8.1%
3. Mauritius 2022: 6.7%2023: 4.0%
4. Niger 2022: 6.6%2023: 10.4%
5. Benin 2022: 6.5%2023: 6.5%
6. Cabo Verde 2022: 6.5%2023: 6.1%
7. South Sudan 2022: 6.5%2023: 5.6%
8. Côte d’Ivoire 2022: 6.5%2023: 6.4%
9. Guinea 2022: 6.3%2023: 5.9%
10. Ghana 2022: 6.2%2023: 4.7%
11. Kenya 2022: 6.0%2023: 5.7%
12. The Gambia 2022: 6.0%2023: 6.5%
13. Togo 2022: 5.9%2023: 6.1%
14. Sierra Leone 2022: 5.9%2023: 4.4%
15. Burkina Faso 2022: 5.6%2023: 5.3%
16. Democratic Republic of the Congo 2022: 5.6%2023: 6.6%
17. Senegal 2022: 5.5%2023: 10.8%
18. Djibouti 2022: 5.5%2023: 6.0%
19. Mali 2022: 5.3%2023: 5.0%
20. Mozambique 2022: 5.3%2023: 12.6%
21. Libya 2022: 5.3%2023: 5.5%
22. Egypt 2022: 5.2%2023: 5.6%
23. Uganda 2022: 5.1%2023: 6.6%
24. Tanzania 2022: 5.1%2023: 5.5%
25. Mauritania 2022: 5.0%2023: 8.6%
26. Eritrea 2022: 4.8%2023: 3.8%
27. Madagascar 2022: 4.8%2023: 5.1%
28. Liberia 2022: 4.7%2023: 4.9%
29. Botswana 2022: 4.7%2023: 4.4%
30. Cameroon 2022: 4.6%2023: 4.9%
31. Burundi 2022: 4.2%2023: 4.7%
32. Central African Republic 2022: 4.0%2023: 5.0%
33. Guinea-Bissau 2022: 4.0%2023: 5.0%
34. Gabon 2022: 3.9%2023: 3.2%
35. Somalia 2022: 3.9%2023: 3.6%
36. Comoros 2022: 3.8%2023: 3.7%
37. Namibia 2022: 3.6%2023: 3.1%
38. Sudan 2022: 3.5%2023: 5.0%
39. Tunisia 2022: 3.3%2023: 2.5%
40. Morocco 2022: 3.1%2023: 3.7%
41. Zimbabwe 2022: 3.1%2023: 3.0%
42. Malawi 2022: 3.0%2023: 4.5%
43. São Tomé and Príncipe 2022: 2.9%2023: 3.3%
44. Nigeria 2022: 2.7%2023: 2.7%
45. Chad 2022: 2.4%2023: 2.5%
46. Angola 2022: 2.4%2023: 3.3%
47. Republic of Congo 2022: 2.3%2023: 3.0%
48. South Africa 2022: 2.2%2023: 1.4%
49. Algeria 2022: 1.9%2023: 1.7%
50. Eswatini 2022: 1.7%2023: 1.8%
51. Lesotho 2022: 1.6%2023: 1.6%
52. Zambia 2022: 1.1%2023: 1.3%
53. Equatorial Guinea 2022: -5.6%2023: -1.5%
54. Ethiopia 2022: N/A2023: N/A
