GDP is a reliable gauge of a nation's economic well-being
Real GDP growth is frequently a highly reliable gauge of a nation's economic well-being.
For some African countries, this index indicates a growing prospect, while others can't necessarily boast of the same. Simply put, the real GDP index oftentimes precisely illustrates the difficulties that many African nations experience.
According to the World Bank's latest Africa Pulse report for 2024, released in October, some African countries are projected to thrive this year and the next, while the growth prospects for the next couple of years for others seem bleak.
The report notes that economic issues such as political instability, inadequate infrastructure, and a reliance on commodity exports, have deteriorated growth prospects for a good number of countries on the continent.
Over half of Sub-Saharan African nations' growth predictions for 2024 have been revised downward (23 out of 47), owing to continued wars, economic mismanagement, and global economic headwinds.
The report highlights the violent conflict in Sudan as a significant factor weighing on regional growth.
Sudan, in particular, is projected to see a massive collapse in economic activity, with an estimated contraction of 15% in 2024 following a 20% drop in 2023 due to the conflict.
With that said, here are the top 10 countries on the continent with the slowest GDP growth.
Top 10 African countries with the smallest GDP growth in 2024
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