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Egypt Ranks Second in Africa in Terms of GDP

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In its latest World Economic Outlook in April, the IMF revised Egypt’s real GDP growth forecast upward by around 0.2 percentage points for both 2024 and 2025, and now expects it to grow by 2.4% in 2024, with further acceleration anticipated in the following years—3.8% in 2025 and 4.3% in 2026.

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According to IMF figures cited by Business Insider Africa, South Africa is projected to retain its position as the continent’s largest economy, with a GDP of USD 410.34 billion.

Egypt ranked second among African nations in terms of GDP in 2025, according to a recent report from the International Monetary Fund (IMF), which has revealed the top ten African countries by Gross Domestic Product (GDP) for 2025.

According to IMF figures cited by Business Insider Africa, South Africa is projected to retain its position as the continent’s largest economy, with a GDP of USD 410.34 billion.

In its latest World Economic Outlook in April, the IMF revised Egypt’s real GDP growth forecast upward by around 0.2 percentage points for both 2024 and 2025, and now expects it to grow by 2.4% in 2024, with further acceleration anticipated in the following years—3.8% in 2025 and 4.3% in 2026.

GDP represents the total value of all goods and services produced within a country over a year. A higher GDP reflects not just greater economic activity but also broader economic strength, industrial capacity, and global influence. For this reason, GDP rankings are closely monitored by governments, investors, and businesses worldwide.

Africa’s 54 countries showcase significant economic diversity. While some nations drive much of the continent’s GDP, others face challenges such as political instability, limited infrastructure, or heavy reliance on single industries.

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 Egypt, which briefly overtook South Africa in 2023 and accounted for 13.63% of Africa’s total GDP at the time, is now projected to have a GDP of USD 347.34 billion in 2025, securing second place. Meanwhile, Nigeria, once Africa’s largest economy, has fallen to fourth position despite its large population, with a projected GDP of USD 188.27 billion.