BREAKING: Nigeria Becomes Largest Economy In Africa With $1.121 Trillion GDP

Date: 20-02-2019 2:53 pm (5 years ago) | Author: CLARA JANCITA
- at 20-02-2019 02:53 PM (5 years ago)
(f)

Nigeria currently leads as the top economy on the continent with a 1.9 percent increase. Nigeria has the biggest economy in Africa according to PwC. PricewaterhouseCoopers has revealed the seven biggest economies in Africa right now.

The firm’s report, ‘Nigeria Economic Outlook - Top 10 themes for 2019,’ was released on February 18, 2019.

According to the data provided by the professional services firm, Nigeria has the biggest economy on the continent, followed by Egypt and South Africa.Nigeria Beats South Africa As Africa Biggest Economy Here are the 7 biggest economies in Africa right now, ranked in descending order of wealth:

Nigeria

Nigeria comes in at number one with a GDP of $1.121 trillion. Manufacturing, financial, service, communications, technology, entertainment, agriculture and oil sectors all contribute to the country’s economy.

More money is coming into the Nigerian economy More money is coming into the Nigerian economy More money is coming into the Nigerian economy.

Egypt

GDP – $1.13 trillion. Sectors like tourism, gas, telecom and construction play major roles in Egypt’s economy. The World Bank (WB) predicts that the country’s economy will increase by 5.7% in 2019.
South Africa

GDP – $765.5 billion. Tourism is a major revenue generating industry.

Algeria

GDP -$630.5 billion. The non-hydrocarbon sector (petroleum and natural gas) is the major contributor to the country’s economy.

Ethiopia

GDP -$199.3 billion. The services and agriculture sectors contribute heavily to the country’s economy.

Angola

GDP – $197.9 billion. The country’s economy relies heavily on the oil sector in addition to the manufacturing, agricultural, transport and fisheries sectors.

Angolan 500 Kwanza note Angolan 500 Kwanza note Angolan 500 Kwanza note
Still, Focus Economics, a major provider of economic analysis and forecasts for 130 countries, predicts a 1.3% increase in 2019.

Kenya

Last on the list is Kenya with a GDP of $163.3 billion. Major industries include financial, agriculture, tourism, mining and minerals.

Posted: at 20-02-2019 02:53 PM (5 years ago) | Hero
- Wazubia at 20-02-2019 02:57 PM (5 years ago)
(m)
SECOND TIME IN 5YEARS, NA TO HOLD ON WITH IT. IS THE PROBLEM.
Posted: at 20-02-2019 02:57 PM (5 years ago) | Gistmaniac
Reply
- manta23 at 20-02-2019 03:00 PM (5 years ago)
(m)
Election time!!
Posted: at 20-02-2019 03:00 PM (5 years ago) | Newbie
Reply
- zumata at 20-02-2019 03:41 PM (5 years ago)
(f)
SORRY MY DEAR WE NO BUY THE GAME
Posted: at 20-02-2019 03:41 PM (5 years ago) | Upcoming
Reply
- tunasco4u at 20-02-2019 04:53 PM (5 years ago)
(m)
Good news this is what I love to hear
Posted: at 20-02-2019 04:53 PM (5 years ago) | Upcoming
Reply
- james987 at 20-02-2019 05:40 PM (5 years ago)
(m)
Na now e dey clear say them always buy una during elections to feed us rubbish news. Na citizens dey feel the heat no be una outsiders. If e good,na citizens go talk. If e bad,na citizens know.
Posted: at 20-02-2019 05:40 PM (5 years ago) | Hero
Reply
- kacylee at 20-02-2019 08:09 PM (5 years ago)
Online (f)
only on the book value.. abi what is the implication on an average Nigerian in real life Huh? Huh? Huh?
Posted: at 20-02-2019 08:09 PM (5 years ago) | Addicted Hero
Reply
- tegonwa at 20-02-2019 08:31 PM (5 years ago)
(m)
When Ghana is currently deporting us for seeking greener pastures there?Dis is too childish and a desperate electoral stunt.
Posted: at 20-02-2019 08:31 PM (5 years ago) | Gistmaniac
Reply
- ejikeiyo at 21-02-2019 12:56 AM (5 years ago)
(m)
Wasted Generation
Posted: at 21-02-2019 12:56 AM (5 years ago) | Gistmaniac
Reply
- Upbendel at 21-02-2019 04:11 AM (5 years ago)
(m)
this news is 2013 news
Posted: at 21-02-2019 04:11 AM (5 years ago) | Upcoming
Reply
- Kola44 at 21-02-2019 10:53 AM (5 years ago)
(m)
A patient dog they say eats the fattest bone....... Nigerians needs to be patient we will soon be there.
Posted: at 21-02-2019 10:53 AM (5 years ago) | Newbie
Reply
ReplyFollow
Login To Post Reply

Latest Updates

Former Nollywood Star, Lola Alao Recounts Shocking Incident Of Assault While Working In Canada (Video)

Father Of Seven, Abdullahi Imman Arrested Over Sexual Exploitation Of Children In Niger

"They Know How To Genuinely Love & Have S*x" - Kenyan Woman Makes Bold Statement On Nigerian Men

Yobe State Police Apprehend Teenager For Kidnapping And Murder Of Neighbor's Son

"Govt Officials &Security Personnel Have Turned Banditry Into A Business" -Governor Dikko Radda

Nigerian Lady, Roseline Dies After Allegedly Being Pushed Into Boiling Pot By Friends In Delta

Ex-Lagos Gov. Babatunde Fashola Proudly Walks Daughter, Yewande, Down The Aisle In Grand Ceremony (Photos)

Sacked Eko Disco MD, Tinuade Sanda Dismissed Over Alleged Fabricated Credentials

Holy Spirit Always Gives Me Lotto Number Whenever We Don't Have Anything To Eat - Efotete Family

More Featured Topics

fire TRENDING GISTS fire

TODAY'S TOP

  1. Holy Spirit Always Gives Me Lotto Number Whenever We Don't Have Anything To Eat -Efotete Family

  2. Nigeria Man Narrates How His Dad Impregnated His Ex-girlfriend And Took Her Out Of The Country

  3. 70 Passengers Found Vomiting Bug During Flight From Mauritius To Frankfurt

  4. I'm Open To Dating WOMEN - Khloe Kardashian Announces

  5. “Something Foul Is Going On” – Very Dark Man Reveals Update On Nickie Dabarbie’s Whereabouts

  6. Nasboi Opens Up On Why He Thought Sydney Talker Was A Yahoo Boy

  7. "They Know How To Genuinely Love & Have S*x"- Kenyan Woman Makes Bold Statement On Nigerian Men

  8. Ex-Lagos Gov. Babatunde Fashola Proudly Walks Daughter, Yewande, Down The Aisle In Style

  9. Former Nollywood Star, Lola Alao Recounts Shocking Incident Of Assault While Working In Canada

  10. "Govt Officials &Security Personnel Have Turned Banditry Into A Business" -Governor Dikko Radda

  11. Nigerian Lady, Roseline Dies After Allegedly Being Pushed Into Boiling Pot By Friends In Delta

  12. Yobe Police Arrests Teenager, Mohammed Abdullahi For Kidnapping & Murder Of Neighbor's Son

  13. Sacked Eko Disco MD, Tinuade Sanda Dismissed Over Alleged Fabricated Credentials

  14. Arsenal v Bournemouth: English Premier League Match,Team News,Goal Scorers and Stats

  15. Father Of Seven, Abdullahi Imman Arrested Over Sexual Exploitation Of Children In Niger

  16. Manchester City v Wolves: English Premier League Match,Team News,Goal Scorers and Stats

THIS WEEK

  1. Stop Lagos-Calabar Highway Project - Obi Tells Tinubu As Demolition of Landmark Centre Begins

  2. "Stop Inciting Igbos Against Tinubu Govt" – Umahi Slams Peter Obi

  3. FRESH: Nollywood Lovers, IK Ogbonna & Ini Edo Reportedly Engaged

  4. MAY 1st; Peter Obi Celebrates Nigerian Workers, Sends Message

  5. “Wizkid Undergoing Mental Illness, No Longer Together With Jada – Isaac Fayose Reveals

  6. Peter Obi Reacts To The Deaths Of 35 Nigerians In Horrific Kogi, Enugu Road Clashes

  7. Watch As Lions Have S3x On Top Of Safari Truck Full Of People

  8. How A Nigerian Woman Loses Her Marketing Job For Failing to Meet N300m Monthly Target

  9. Lagos Gov Sanwo Olu Appoints Wasiu Ayinde's Daughter, Basirat As SSA To Gov On Tourism

  10. Kenya Gets First Female Air Force Commander, Major General Fatuma Gaiti Ahmed

TOP MEMBERS:
  • gogoman 195
  • fineboy77 124
  • felicilin 123
  • Lade200 105
  • Holopid 59
Read More

Featured Topics

.. Former Nollywood Star, Lola Alao Recounts Shocking Incident Of Assault While Working In Canada (Video)

. Father Of Seven, Abdullahi Imman Arrested Over Sexual Exploitation Of Children In Niger

. "They Know How To Genuinely Love & Have S*x" - Kenyan Woman Makes Bold Statement On Nigerian Men

. Yobe State Police Apprehend Teenager For Kidnapping And Murder Of Neighbor's Son

.. "Govt Officials &Security Personnel Have Turned Banditry Into A Business" -Governor Dikko Radda

.. Nigerian Lady, Roseline Dies After Allegedly Being Pushed Into Boiling Pot By Friends In Delta

.. Ex-Lagos Gov. Babatunde Fashola Proudly Walks Daughter, Yewande, Down The Aisle In Grand Ceremony (Photos)

. Sacked Eko Disco MD, Tinuade Sanda Dismissed Over Alleged Fabricated Credentials

.. Holy Spirit Always Gives Me Lotto Number Whenever We Don't Have Anything To Eat - Efotete Family

. Nasboi Opens Up On Why He Thought Sydney Talker Was A Yahoo Boy

. Manchester City v Wolves: English Premier League Match,Team News,Goal Scorers and Stats

. Arsenal v Bournemouth: English Premier League Match,Team News,Goal Scorers and Stats

. “Something Foul Is Going On” – Very Dark Man Reveals Update On Nickie Dabarbie’s Whereabouts

. 70 Passengers Found Vomiting Bug During Flight From Mauritius To Frankfurt

. Nigeria Man Narrates How His Dad Impregnated His Ex-girlfriend And Took Her Out Of The Country

. I'm Open To Dating WOMEN - Khloe Kardashian Announces

. Oba Elegushi & His Second Wife Celebrate 5th Wedding Anniversary

. Nigerians Drag Singer Teni For Disrespecting Ex Pres. Buhari But Prostrates Before Socialite

. Appeal Court Stops Yahaya Bello’s Contempt Proceedings Against EFCC

. Police Bust Factory Producing Fake Alcohol In Delta

. How Lagos Police Arrest 10 Suspected Ritualists

. Tiwa Savage Ex Husband, Teebliz Melts Hearts As He Gives Shout Out To His Babymamas

. “I Would Rather Work With Carter Efe Than Portable” - Young Duu

. Man, Idi Adamu Arrested In Adamawa For Assaulting Stepdaughter

. Nollywood Legend, Genevieve Nnaji Celebrates 45th Birthday Today

. Reactions as Teni Causes Stir Aboard a Flight After Spotting Socialite IBD Dende (Video)

. Last Video of Lady, Kandoon Louisa Before She Was Found Dead And Dumped at a Junction in Abuja

. Sad Story Of 16Yr Old Girl Born Through Rape Who ‘Took Her Own Life’

. Actress, Mercy Johnson-Okojie Reacts After Colleague, Angela Okorie Called Her Out (VID)

. About 9,000 Petrol Marketers to Lose Their Licences Over Current Fuel Scarcity in Nigeria

More Featured Topics