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)
Online (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)
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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
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- Upbendel at 21-02-2019 04:11 AM (5 years ago)
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this news is 2013 news
Posted: at 21-02-2019 04:11 AM (5 years ago) | Upcoming
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- Kola44 at 21-02-2019 10:53 AM (5 years ago)
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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
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