Real gross domestic product (GDP) growth on the continent is expected to average 3.8% this year and 4.2% in 2025. These figures are higher than the global averages estimated at 2.9% and 3.2%, according to the report "Africa's Macroeconomic Performance and Outlook" published by the African Development Bank Group.
According to this report, Africa is expected to remain the second fastest-growing region after Asia.
Six countries in French-speaking sub-Saharan Africa (SSSA) are expected to perform strongly in 2024, significantly outperforming global averages estimated at 2.9% and 3.2%:
Niger (11.2%),
Senegal (8.2%),
Rwanda (7.2%),
Côte d'Ivoire (6.8%),
Benin (6.4%)
and Togo (6%)
More broadly, in 2024, Africa will account for eleven of the twenty countries with the strongest economic growth in the world, including these six AFSS countries.
- Central Africa – Growth is expected to slow to 3.5% in 2024, but the anticipated recovery in private consumption and increased mining investment and exports could help lift growth to 4.1% in 2025.
- West Africa – Growth is expected to accelerate to 4% in 2024 and 4.4% in 2025. Strong growth in most countries in the region should offset slowdowns in Nigeria and Ghana. The announced withdrawal of Burkina Faso, Mali, and Niger from the Economic Community of West African States (ECOWAS) casts a shadow over the sustainability of gains amid growing uncertainty.