Unexpectedly Intriguing!
August 16, 2007

Political Map of Africa, 2006 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:

Previously on Political Calculations

2004 Economic and Population Data

2002 Economic and Population Data

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