10 African countries set to experience the highest leaps in economic growth
Economic growth is an effective antidote to poverty. As African nations pursue steady economic growth, they generate chances for job development, entrepreneurship, and higher income levels.
This has a direct influence on their people’s living conditions. Improved access to education, healthcare, and basic utilities becomes possible, establishing the groundwork for citizens to live better lives.
According to the World Economic Situation and Prospects 2024 by the United Nations, some African countries are set to have the largest economic growth in terms of actual figures.
However, regardless of the figures some African countries are set to experience a huge leap from their economic figures last year to their projected economic growth in 2024.
A higher economic projection enhances a nation’s chances to compete in the global marketplace. It signals to the international community that the country is ready to participate actively in the world economic stage.
While projections are just that projections, indexes such as this one collated by the United Nations are based on data and economic trends, and some African countries are simply on an upward trend that is hard to bet against, not to mention loads of data that suggest its impeding growth.
African nations with improved economic projections are in a better position to weather external economic shocks and solicit increased investments.
With that said, here are the 10 African countries set to experience the highest leaps in economic growth.
| Rank | Country | Economic forecast 2024 % | Economic growth 2023 % | Differential % |
|---|---|---|---|---|
| 1. | Mauritania | 6.7 | 4.2 | 2.5 |
| 2. | Senegal | 9.2 | 6.8 | 2.4 |
| 3. | South Sudan | 2.5 | 0.6 | 2.1 |
| 4. | Comoros | 3.6 | 2.2 | 1.4 |
| 5. | Uganda | 6.1 | 4.9 | 1.2 |
| 6. | Gambia | 5.2 | 4.2 | 1.0 |
| 7. | Mozambique | 5.2 | 4.2 | 1.0 |
| 8. | Sao Tome and Principe | 2.8 | 1.8 | 1.0 |
| 9. | Tanzania | 5.9 | 5.0 | 0.9 |
| 10. | Malawi | 2.0 | 1.1 | 0.9 |
