5 Fastest Growing African Economies in 2024

In this article, we look at the 5 fastest growing African economies in 2024. If you want to read our detailed analysis, you can go directly to the 15 Fastest Growing African Economies in 2024.

5. Côte d’Ivoire

Real GDP Growth Rate 2024: 6.6%

Real Per Capita GDP Growth Rate 2024: 3.9%

Côte d’Ivoire is another West African country demonstrating a real GDP growth rate of 6.6% and a real GDP per capita growth rate of 3.9%. It ranks 5th on our list of 15 fastest growing African economies in 2024.

4. Rwanda

Real GDP Growth Rate 2024: 7%

Real Per Capita GDP Growth Rate 2024: 4.2%

Rwanda is the 4th fastest growing African economy on our list. It is an East African country with a real GDP growth rate of 7% and a real GDP per capita growth rate of 4.2%.

3. Libya

Real GDP Growth Rate 2024: 7.5%

Real Per Capita GDP Growth Rate 2024: N/A

Libya is a West African country bordering the Mediterranean Sea to the north. It ranks among our top 3 fastest growing African economies in 2024. Libya has a real GDP growth rate of 7.5%.

2. Senegal

Real GDP Growth Rate 2024: 8.8%

Real Per Capita GDP Growth Rate 2024: 5.9%

Senegal is the 2nd fastest growing African economy on our list. It is the westernmost country in the African continent and is situated on the coastline of the Atlantic Ocean. Senegal has a real GDP growth rate of 8.8% and a real GDP per capita growth rate of 5.9%.

1. Niger

Real GDP Growth Rate 2024: 11.1%

Real Per Capita GDP Growth Rate 2024: 7.1%

Niger is the fastest growing African economy in 2024, with a real GDP growth rate of 11.1% and a real GDP per capita growth rate of 7.1%. It is a West African country bordering Libya to the northeast. 

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