Which is Africa’s fastest-growing economy?
Ethiopia’s real gross domestic product (GDP) growth has been, on average, 9.5% per year in the ten years from 2010 to 2019. This is not only the highest in Africa. It is the highest in the world, according to the International Monetary Fund’s World Economic Outlook database.
According to the World Bank’s World Development Indicators – a public database of 217 economies – Ethiopia’s average constant (real) GDP growth between 2009 and 2018 (the most recent data) was the second highest, at 9.8%. Nauru, an island country in the Pacific Ocean, had the highest growth.