Egypt and Nigeria led Africa’s industrial output in 2024, with $145.5bn and $89bn, respectively

  • Egypt led with an estimated $145.5 billion, accounting for about 25% of Africa's total industrial output among its top 15 economies.
  • Nigeria followed with $89 billion, while South Africa, Algeria, and Morocco made up the rest of the top five.
  • The top five economies accounted for more than 70% of Africa’s total industrial value added.
  • Notable mid-tier performers, Ethiopia and DR Congo, reflected rapid industrial investment.
  • Using constant 2015 USD reveals real production strength, not nominal currency shifts.

Egypt accounted for roughly one-fifth of the total industrial output among Africa’s top 15 economies, reflecting its strong base in construction, manufacturing, and energy. Nigeria ranked second with about $89 billion, followed by South Africa, Algeria, and Morocco.

The top five contributed well over half of the continent’s industrial value added, showing how production remains concentrated in a few large and diversified markets.

Meanwhile, there is industrial growth in countries like Ethiopia, DR Congo, and Kenya, pointing to a gradual widening of Africa’s productive landscape.

Source:

World Bank

Period:

2024
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