Friday, July 25, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Top 10 African countries with the highest GDP growth rate in the last decade

Simon Osuji by Simon Osuji
May 7, 2025
in Business
0
Top 10 African countries with the highest GDP growth rate in the last decade
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The Gross Domestic Product of a country represents the entire value of all products and services produced within a certain period, offering a snapshot of a country’s economic performance.

However, the compound annual growth rate (CAGR) of GDP over time is a far more important indicator.

A high GDP CAGR suggests that an economy is developing not just consistently, but also sustainably and robustly.

A high CAGR indicates that a firm, investment, or economy is not just increasing, but also continuously. It eliminates the noise of single-year anomalies and provides stakeholders with confidence that development is a long-term trend rather than a one-time accomplishment.

Countries having high GDP CAGR are viewed to be attractive investment destinations.

Foreign direct investment (FDI) tends to flow into nations that display continuous economic growth because investors seek out areas where they expect a return on investment.

A high CAGR indicates a favorable business climate, infrastructural development, and an improving standard of living, all of which increase the potential for financial gains.

Top 10 African countries and their contribution to Africa’s GDP

Furthermore, sustained GDP growth frequently suggests a diverse and creative economy.

Countries with high CAGRs often invest in a variety of industries, including technology, manufacturing, agriculture, and services.

This diversity protects the economy from being dependent on one industry, making it more responsive to global trends and less prone to be sector-specific.

With that said, here are the African countries with the highest according to World Economics, which states that “Compound Annual Growth Rates (CAGR) are derived from GDP Data in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

The GDP Data has been developed by World Economics using World Bank PPP data, IMF growth rates, and World Economics research into base year uplifts and the informal economy size.”

Related posts

New EU regulation sparks bankruptcy fears in Africa’s largest cocoa-producing country

New EU regulation sparks bankruptcy fears in Africa’s largest cocoa-producing country

July 25, 2025
14-Year-Old Bitcoin Whale Moves $1.6 Billion BTC: Another Dip?

14-Year-Old Bitcoin Whale Moves $1.6 Billion BTC: Another Dip?

July 25, 2025

Top 10 African countries with the highest GDP growth rate in the last decade

Rank Country 10-Year CAGR
(2014-2024)

1.

Libya

27.5%

2.

Ethiopia

11.6%

3.

Rwanda

9.9%

4.

Cote d’Ivoire

9.4%

5.

Guinea

8.6%

6.

Niger

7.7%

7.

Kenya

7.4%

8.

Benin

7.3%

9.

Senegal

7.2%

10.

Tanzania

7.0%

Source link

Previous Post

Trump’s Gulf visit looms over new EU-UAE trade talks as president teases ‘very big’ announcement

Next Post

2012 Top KCSE Candidate’s Success Story in US

Next Post
2012 Top KCSE Candidate’s Success Story in US

2012 Top KCSE Candidate's Success Story in US

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Yen weakens after BOJ tweak, China stocks fall: Markets wrap

Yen weakens after BOJ tweak, China stocks fall: Markets wrap

2 years ago
Amazon Restricted Vaginal Health Products for Being ‘Potentially Embarrassing’

Amazon Restricted Vaginal Health Products for Being ‘Potentially Embarrassing’

5 months ago
Top 10 African countries with the most Canadian study permit applications in 2024

Top 10 African countries with the most Canadian study permit applications in 2024

8 months ago
Any Review of Labour Legislation Must Be Clear About Its Intentions, says Select Committee Chair

Any Review of Labour Legislation Must Be Clear About Its Intentions, says Select Committee Chair

4 weeks ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.