It was only last year since we looked at the GDP of countries around the world, but since we did, two years worth of GDP data have been released. So, for the sake of getting caught up, we're skipping 2005 altogether and going straight to 2006!
We'll beginning our annual series of GDP comparisons around the world in Africa, providing a dynamic ranking table to show each of the continent's countries' Gross Domestic Product (GDP) adjusted for Purchasing Power Parity (PPP), their population and GDP-PPP per Capita for 2006. This year however, we're going to go the extra mile and determine each country's annualized rate of growth of their GDP-PPP per capita since 2004.
But before we go further, we should note that all GDP-PPP and GDP-PPP per Capita data is presented in U.S. dollars and is not adjusted for inflation. For example, for those of you watching the deterioration of Zimbabwe's economy, you won't find the negative effects of the country's hyperinflation of its own currency in these figures from 2006.
As we noted, the table below is dynamic - clicking any of the column headings will sort the data in the table from low to high value or from high to low (by clicking a column heading a second time.) To restore the original order, you'll need to refresh the page in your web browser.
| Africa GDP-PPP in 2006 |
|---|
| Country | Population | GDP-PPP | GDP-PPP per Capita | Pop. Est. Date | GDP Est. Date | % Change GDP-PPP per Capita, Since 2004 |
|---|---|---|---|---|---|---|
| Algeria | 32,930,091 | 250,000,000,000 | 7,591.84 | July 2006 | 2006 | 7.2% |
| Angola | 12,127,071 | 53,060,000,000 | 4,375.34 | July 2006 | 2006 | 44.0% |
| Benin | 7,862,944 | 8,989,000,000 | 1,143.21 | July 2006 | 2006 | -0.3% |
| Botswana | 1,639,833 | 17,940,000,000 | 10,940.14 | July 2006 | 2006 | 6.6% |
| Burkina Faso | 13,902,972 | 18,760,000,000 | 1,349.35 | July 2006 | 2006 | 7.9% |
| Burundi | 8,090,068 | 5,781,000,000 | 714.58 | July 2006 | 2006 | 5.5% |
| Cameroon | 17,340,702 | 42,480,000,000 | 2,449.73 | July 2006 | 2006 | 14.2% |
| Cape Verde | 420,979 | 3,129,000,000 | 7,432.67 | July 2006 | 2006 | 126.8% |
| Central African Republic | 4,303,356 | 4,998,000,000 | 1,161.42 | July 2006 | 2006 | 1.2% |
| Chad | 9,944,201 | 14,980,000,000 | 1,506.41 | July 2006 | 2006 | -4.2% |
| Comoros | 690,948 | 441,000,000 | 638.25 | July 2006 | 2002 | -2.8% |
| Congo, Democratic Republic of the | 62,660,551 | 44,440,000,000 | 709.22 | July 2006 | 2006 | -1.6% |
| Congo, Republic of the | 3,702,314 | 5,099,000,000 | 1,377.25 | July 2006 | 2006 | 33.3% |
| Cote d'Ivoire | 17,654,843 | 29,050,000,000 | 1,645.44 | July 2006 | 2006 | 7.3% |
| Djibouti | 486,530 | 619,000,000 | 1,272.28 | July 2006 | 2002 | -2.0% |
| Egypt | 78,887,007 | 334,400,000,000 | 4,238.97 | July 2006 | 2006 | 1.0% |
| Equatorial Guinea | 540,109 | 25,690,000,000 | 47,564.47 | July 2006 | 2005 | 342.6% |
| Eritrea | 4,786,994 | 4,471,000,000 | 933.99 | July 2006 | 2005 | 0.0% |
| Ethiopia | 74,777,981 | 74,880,000,000 | 1,001.36 | July 2006 | 2006 | 11.3% |
| Gabon | 1,424,906 | 10,170,000,000 | 7,137.31 | July 2006 | 2006 | 10.2% |
| Gambia, The | 1,641,564 | 3,284,000,000 | 2,000.53 | July 2006 | 2006 | 5.2% |
| Ghana | 22,409,572 | 60,000,000,000 | 2,677.43 | July 2006 | 2006 | 7.3% |
| Guinea | 9,690,222 | 20,160,000,000 | 2,080.45 | July 2006 | 2006 | -0.7% |
| Guinea-Bissau | 1,442,029 | 1,249,000,000 | 866.14 | July 2006 | 2006 | 9.2% |
| Kenya | 34,707,817 | 41,360,000,000 | 1,191.66 | July 2006 | 2006 | 4.9% |
| Lesotho | 2,022,331 | 5,327,000,000 | 2,634.09 | July 2006 | 2006 | -8.7% |
| Liberia | 3,042,004 | 2,821,000,000 | 927.35 | July 2006 | 2006 | 4.1% |
| Libya | 5,900,754 | 72,680,000,000 | 12,317.07 | July 2006 | 2006 | 36.0% |
| Madagascar | 18,595,469 | 17,270,000,000 | 928.72 | July 2006 | 2006 | 5.7% |
| Malawi | 13,013,926 | 8,272,000,000 | 635.63 | July 2006 | 2006 | 1.1% |
| Mali | 11,716,829 | 14,770,000,000 | 1,260.58 | July 2006 | 2006 | 17.1% |
| Mauritania | 3,177,388 | 8,124,000,000 | 2,556.82 | July 2006 | 2006 | 17.7% |
| Mauritius | 1,240,827 | 17,000,000,000 | 13,700.54 | July 2006 | 2006 | 3.3% |
| Mayotte | 201,234 | 953,600,000 | 4,738.76 | July 2006 | 2005 | 37.4% |
| Morocco | 33,241,259 | 152,500,000,000 | 4,587.67 | July 2006 | 2006 | 4.8% |
| Mozambique | 19,686,505 | 29,170,000,000 | 1,481.73 | July 2006 | 2006 | 9.2% |
| Namibia | 2,044,147 | 15,440,000,000 | 7,553.27 | July 2006 | 2006 | 0.0% |
| Niger | 12,525,094 | 12,360,000,000 | 986.82 | July 2006 | 2006 | 7.4% |
| Nigeria | 131,859,731 | 191,400,000,000 | 1,451.54 | July 2006 | 2006 | 25.9% |
| Rwanda | 8,648,248 | 13,700,000,000 | 1,584.14 | July 2006 | 2006 | 9.9% |
| Sao Tome and Principe | 193,413 | 214,000,000 | 1,106.44 | July 2006 | 2003 | -3.1% |
| Senegal | 11,987,121 | 21,540,000,000 | 1,796.93 | July 2006 | 2006 | 3.1% |
| Sierra Leone | 6,005,250 | 5,452,000,000 | 907.87 | July 2006 | 2006 | 26.5% |
| Somalia | 8,863,338 | 5,259,000,000 | 593.34 | July 2006 | 2006 | 3.5% |
| South Africa | 44,187,637 | 587,500,000,000 | 13,295.57 | July 2006 | 2006 | 7.5% |
| Sudan | 41,236,378 | 97,470,000,000 | 2,363.69 | July 2006 | 2006 | 10.2% |
| Swaziland | 1,136,334 | 5,936,000,000 | 5,223.82 | July 2006 | 2006 | 0.7% |
| Tanzania | 37,445,392 | 29,620,000,000 | 791.02 | July 2006 | 2006 | 10.5% |
| Togo | 5,548,702 | 9,271,000,000 | 1,670.84 | July 2006 | 2006 | 3.4% |
| Tunisia | 10,175,014 | 89,740,000,000 | 8,819.64 | July 2006 | 2006 | 11.4% |
| Uganda | 28,195,754 | 52,930,000,000 | 1,877.23 | July 2006 | 2006 | 12.2% |
| Zambia | 11,502,010 | 11,640,000,000 | 1,012.00 | July 2006 | 2006 | 6.1% |
| Zimbabwe | 12,236,805 | 25,360,000,000 | 2,072.44 | July 2006 | 2006 | 3.8% |
| Africa (All) | 910,142,549 | 2,581,043,600,000 | 2,835.87 | July 2006 | 2006 | 8.8% |
The Most Amazing Story in Africa
In 2004, Equitorial Guinea was just a bit ahead of the middle of the pack in terms of economic output in Africa. By 2006, GDP-PPP per capita in the small nation had soared past all the other continents countries and even past the United States $43,994.82 GDP-PPP per capita figure, as the nation's economic output skyrocketed at a blistering 342% compound annualized rate of growth.
So, how did a nation that most Americans are likely unfamiliar achieve this feat? In one word: oil. With large untapped oil fields just discovered in 1996, the combination of greatly increased oil production within the country and significant increases in worldwide demand (and prices) for the resource has brought enormous wealth to the tiny country.
With much of this explosive growth so new, we believe that Equatorial Guinea will be very interesting to watch as its population begins absorbing this wealth and the country adjusts to its new condition of being, on paper, one of the wealthiest nations in the world.
Sources and Acknowledgements:
- 2006 GDP-PPP Data: The World Factbook, 2007
- July, 2006 Population Estimate: The World Factbook, 2006 via Bartleby.
- Table Sorting Function: The Daily Kryogenix.
Previously on Political Calculations
2004 Economic and Population Data
- Pacific Rim: 2004 GDP Rankings
- GDP Rankings in Muslim Nations
- 2004 GDP Rankings for Asia
- European Union 2004 GDP Rankings
- GDP in Africa: 2004
- GDP Rankings of the Americas: 2004 Edition
- EU vs US: Two Years of Economic Data Later....
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