Economic Outlook for Selected African Countries (2018-2022)

Similar African countries have been put up with detailed numbers highlighting their GDP, debt profile, exports, population and unemployment rate from the year 2018 to 2022 to show their growth and economic indices. The following countries were picked Nigeria, Kenya, Ghana, Senegal, Togo Cameroon, Madagascar, Ivory Coast, Niger Republic, Morocco, Algeria, Tunisia, Egypt and Libya to be analyzed. These countries were chosen because of the similarities they share in population culture independence amongst other factors.

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GDP Trends (2018-2022):


The following examines the difference these countries experienced in respect of increase or decrease in their gross domestic product from 2018 to 2022.

  • Nigeria: GDP increased from $421.71 billion in 2018 to $472.62 billion in 2022.
  • Kenya: GDP increased from $92.20 billion to $113.42 billion.
  • Ghana: Experienced a slight increase from $67.30 billion to $73.77 billion.
  • Senegal: GDP increased from $23.12 billion to $27.68 billion.
  • Togo: Experienced an increase from $7.03 billion to $8.44 billion.
  • Cameroon: GDP increased from $39.97 billion to $43.64 billion.
  • Madagascar: GDP increased from $13.76 billion to $15.30 billion.
  • Ivory Coast: Experienced an increase from $58.52 billion to $70.02 billion.
  • Niger Republic: Significant rise in GDP from $7.03 billion to $15.34 billion.
  • Morocco: GDP increased from $127.34 billion to $130.91 billion.
  • Algeria: GDP increased from $174.91 billion to $195.10 billion.
  • Tunisia: GDP increased from $43.69 billion to $46.30 billion.
  • Egypt: GDP increased from $262.59 billion to $476.75 billion.
  • Libya: GDP experienced a decreased from $76.69 billion to $46.30 billion.

Debt Profile Trends (2018-2022)

From 2018 to 2022 these selected countries also experienced similar trends in respect of their debt profile.

  • Nigeria: Debt increased from $66.57 billion in 2018 to $98.34 billion in 2022.
  • Kenya: Debt increased from $31.43 billion to $41.56 billion.
  • Ghana: Experienced an increase in debt from $35.58 billion to $44.84 billion.
  • Senegal: Debt increased from $19.89 billion to $32.13 billion.
  • Togo: Experienced an increase in debt from $1.70 billion to $3.12 billion.
  • Cameroon: Debt increased from $11.00 billion to $15.37 billion.
  • Madagascar: Experienced an increase in debt from $3.72 billion to $5.42 billion.
  • Ivory Coast: Experienced a significant increase in debt from $16.20 billion to $31.92 billion.
  • Niger Republic: Debt increased from $3.18 billion to $5.42 billion.
  • Morocco: Debt increased from $55.00 billion to $64.71 billion.
  • Algeria: Debt increased from $5.49 billion to $7.13 billion.
  • Tunisia: Debt experienced a slight increase from $39.44 billion to $39.65 billion.
  • Egypt: Debt increased from $114.91 billion to $163.10 billion.
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Export Trends (2018-2022)

These selected African countries export trends from 2018 to 2022 are as follows:

  • Nigeria: Exports increased from $68.09 billion in 2018 to $70.76 billion in 2022.
  • Kenya: Exports increased from $11.56 billion to $13.85 billion.
  • Ghana: Experienced an increase in exports from $22.51 billion to $25.74 billion.
  • Senegal: Exports increased from $5.31 billion to $7.46 billion.
  • Togo: Exports increased from $1.71 billion to $2.00 billion.
  • Cameroon: Exports increased from $7.49 billion to $8.42 billion.
  • Madagascar: Experienced a slight increase in exports from $4.34 billion to $4.68 billion.
  • Ivory Coast: Experienced a significant increase in exports from $13.28 billion to $17.80 billion.
  • Niger Republic: Exports decreased slightly from $1.45 billion to $1.34 billion.
  • Morocco: Exports increased from $43.98 billion to $59.34 billion.
  • Algeria: Exports increased exponentially from $45.54 billion to $69.86 billion.
  • Tunisia: Exports increased from $14.26 billion to $17.78 billion.
  • Egypt: Exports increased from $52.53 billion to $77.50 billion.

Population Trends

These countries population also experienced similar changes in their population growth from the period of 2019 to 2022.

  • Nigeria: the population increased from over 203 million to 218 million people.
  • Kenya: the population increased from over 50 million to 54 million people.
  • Ghana: the population increased from over 31 million to 33 million people.
  • Senegal: the population increased from over 16 million to 17 million people.
  • Togo: the population increased from over 8.2 million to 8.8 million people.
  • Cameroon: the population increased from over 25 million to 27 million people.
  • Madagascar: the population increased from over 27 million to 29 million people.
  • Ivory Coast: the population increased from over 26 million to 28 million people.
  • Niger: the population increased from over 23 million to 26 million people.
  • Morocco: the population increased from over 36 million to 37 million people.
  • Algeria: the population increased from over 42 million to 44 million people.
  • Tunisia: the population increased from over 12 million to 12.3 million people.
  • Egypt: the population increased from over 105 million to 110 million people.
  • Libya: the population increased from over 6.5 million to 6.8 million people.
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Unemployment trends

These countries also observed similar trends in their employment rate from 2019 to 2023

  • Nigeria: 5.1% of the labour force was unemployed in 2018 with 3.60% of the labour force experiencing unemployment in 2023 highlighting a significant rise in the employment rate.
  • Kenya: in 2018 4.3% of the labour force was unemployed in 2023 with 5.60% of the labour force experiencing unemployment.
  • Ghana: 3.3% of the labour force was unemployed in 2018 to 3.60% in 2023.
  • Senegal: in 2018 3.8% of the labour force was unemployed to 21.50% in 2023
  • Togo: 3.8% of the labour force was unemployed in 2018 to 3.7% of the labour force unemployed in 2023
  • Cameroon: 3.6% of the labour force was unemployed in 2018 to 3.7% of the labour force being unemployed in 2023
  • Madagascar: maintained a 1.8% unemployment rate from 2018 to 2023
  • Ivory Coast: in 2018 3.8% of the labour force was unemployed to 4.65% unemployment in 2023
  • Niger: 0.6% of the labour force was unemployed in 2018 to 0.5% unemployment in 2023
  • Morocco: 3.8% of the labour force was unemployed in 2018 and 11.8% in 2023.
  • Algeria: in 2018 Algeria had an 11.1% unemployment rate but 34.65% in 2023.
  • Tunisia: In 2018 3.8% of the labour force was unemployed and 16.1% in 2023.
  • Egypt: 3.8% of the labour force was unemployed in 2018 to 7.10% unemployment in 2023.
  • Libya: 18.8% of the labour force was unemployed to 18.50% in 2023.