GDP per Capita - Intelpoint

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South Africa’s GDP per capita rose from $440 in 2000 to an all-time high of $2,692 in 2024.
Growth was relatively steady in the 2000s, with notable jumps after 2006 and again in the post-pandemic years.
Despite dips in 2008 (global financial crisis) and 2020 (COVID-19 shock), the economy showed resilience with quick rebounds.
By 2024, South Africa achieved its strongest per capita GDP on record, cementing its role as one of Africa’s leading middle-income economies.
The country recorded growth in 21 of the past 24 years.

Algeria’s GDP per capita more than tripled in 25 years, rising from $1,772.9 in 2000 to $5,631.2 in 2024.
The 2000s boom saw rapid growth, peaking at $5,180.9 in 2008, fuelled by high oil and gas prices.
Between 2014 and 2016, GDP per capita fell from $6,094.7 to $4,425.0, reflecting oil price collapses and domestic fiscal strain.
After pandemic-era lows in 2020 ($3,743.5), Algeria rebounded to its second-highest level on record in 2024 ($5,631.2), regaining its regional standing.

Egypt’s GDP per capita grew from $1,366 in 2000 to $3,339 in 2024, a 144% increase over 25 years.
The economy peaked at $4,233 in 2022, marking the highest point in the series before a two-year decline.
Sustained growth was driven by the 2000s and 2010s, with resilience after the 2008 financial crisis and Arab Spring disruptions.
The dip after 2022 reflects external pressures, currency adjustments, and inflationary challenges, though per capita levels remain well above early 2000s baselines.

Burkina Faso's GDP per capita rose from $248.9 in 2000 to an estimated $987.3 in 2024, marking a nearly 297% increase over 25 years.
The country saw its largest single-year jump between 2007 and 2008, rising $104.7 from $514.7 to $619.4.
Economic downturns were visible in 2009 (-2.9%), 2015 (-17.6%), and 2022 (-6.6%), showing vulnerability to shocks.
Since 2020, GDP per capita has grown 19.6%, with 2024 recording the highest value in the dataset.

Nigeria’s GDP per capita stayed above the Sub-Saharan African average from 2002 to 2023.
In 2014, Nigeria peaked at $3,088.7, far ahead of the region’s $1,886.5.
The post-2014 oil crash triggered a prolonged economic slide for Nigeria.
By 2023, Nigeria ($1,596.6) and Sub-Saharan Africa ($1,580.8) were nearly identical.
In 2024, Nigeria fell sharply to $806.9, $710 below the regional average of $1,516.4, its widest gap in over two decades.

Between 2000 and 2008, Ghana’s GDP per capita rose from $253.7 to $1,182.7, more than quadrupling in just nine years.
It peaked in 2013 at $2,294.8 but declined sharply after 2014.
After a dip in 2022, it rebounded to $2,405.8 in 2024, nearly 10 times higher than the figure in 2000.
The declines seen in 2009, 2015, and 2022 mirror global and local crises, including the 2008 financial crash, commodity shocks, and post-COVID disruptions.