Egypt Among Most Important Countries Helping in Growth of African Economy

8 October 2024
Egypt State Information Service (Cairo)

Egypt is among the most important five African countries that help in the growth of the economy of Africa with Gross Domestic Product (GDP) 348 billion dollars due to its strategic position and the revenues of the Suez Canal, according to the data of Business Insider Africa.

The GDP of the Africa countries reached 2.8 trillion dollars in 2024 supported by the major five economies in Africa, the data showed.

The list also included South Africa with a GDP of 373.23 billion dollars due to the strong financial position of the country, the data said.

The GDP of Egypt, South Africa, Algeria, Nigeria and Ethiopia represent half the GDP of Africa, the data added.

MENA

Read the original article on Egypt Online.

Tagged:
Copyright © 2024 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.