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ECOWAS countries (525.55 tonnes) led Africa’s gold production in 2023, with more than half of the continent’s production
Key Takeaways:
  • Ghana led the continent in gold production in 2023, producing 135.11 tonnes, 13.5% of Africa’s total.
  • Four countries (Ghana, Mali, South Africa, and Burkina Faso) each produced over 95 tonnes, together accounting for 443 tonnes or 44.1% of the continent’s output.
  • West African countries dominated the rankings, with eight nations from the region among the top 15 producers.
  • The West African countries in the top 15 combined contributed 525.55 tonnes, more than half (52.3%) of Africa's total gold production.
  • South Africa ranked third in Africa with 104.29 tonnes.
  • Burkina Faso ranked fourth while contributing almost 10% of Africa’s gold production.

Egypt accounts for one-third of over SDR 26 billion owed by Africa’s top 10 IMF debtors
Key Takeaways:
  • Egypt leads African nations in IMF debt, with SDR 8.63 billion in outstanding credit.
  • The combined debt of these 10 countries represents 24% of the IMF’s total outstanding credit globally.
  • East African nations, Kenya and Ethiopia, hold a combined SDR 4.5 billion in IMF credit.
  • West Africa is strongly represented with Côte d'Ivoire, Ghana, Senegal, and Cameroon owing more than SDR 7.4 billion collectively.

Rwanda tops SSA for 3rd consecutive year in Rule of Law Index 2024; Nigeria Ranks 23rd of 34 countries
Rwanda is performing relatively well in terms of governance and rule of law, leading sub-Saharan Africa for the third consecutive year with a score of 0.63 in the 2024 Rule of Law Index. Namibia (0.61) and Mauritius (0.60) closely follow, showcasing relatively stronger legal frameworks. At the lower end, Nigeria, Congo, and Gabon score 0.40, highlighting persistent governance challenges. Globally, Denmark tops the list of 142 countries, with a score of 0.90, while Venezuela ranks last at 0.26, emphasising the gap between SSA's highest performers and global leaders. This mix of progress and struggles illustrates the varied state of governance across the region.

Morocco led Africa in phone exports, valued at $192 million in 2023
In 2023, Morocco led Africa’s phone export market with $192.2 million, making up 0.07% of the global total, followed by South Africa at $85.9 million, with a global share of 0.03%. Though Tunisia, Mauritius, and Kenya contributed smaller shares, Tunisia’s remarkable 5,456% growth stands out, positioning it for greater involvement in the global market. However, Mauritius and Kenya faced declines of -38% and -52%.

China, India, and Nigeria accounted for 61% of the global groundnut production between 1961 and 2022
From 1961 to 2022, Nigeria contributed about 7.3% to the global groundnut production, making it a key player in the sector. Alongside China and India, which also dominated production, these three countries accounted for 61% of the world’s groundnut supply.

Africa’s rice giants: Nigeria, Egypt, and Madagascar have led production since 1961
From 1961 to 2022, Nigeria, Egypt, and Madagascar led Africa in rice production, supporting local economies and food security. Nigeria peaked in 2017 with over 10 million tonnes, while Egypt and Madagascar also recorded strong years. Since 2014, Nigeria has held the title of Africa's largest rice producer.

Libya, Seychelles, Equatorial Guinea, and South Africa have dominated Africa’s GDP per capita rankings since 1960
Since 2015, Seychelles has topped Africa's GDP per capita rankings because of its strength in tourism and fishing. Libya, Equatorial Guinea, and South Africa have also occupied the top spot since 1960. Watch how the countries vied for the top ten spots over the years.

Nigeria and South Africa have been among Africa’s top three economies since 1960
Over the past six decades, African economies have experienced both rapid growth and severe contractions. Nigeria and South Africa, often considered the continent’s economic heavyweights, have consistently ranked among Africa's top three economies since 1960. North African Libya, Algeria and Egypt have also been in the top three in the period. As of 2023, Egypt led the continent's GDP rankings.

Nigeria, Egypt, and Morocco have consistently led Africa's remittance receipts since 2000
Nigeria, Egypt, and Morocco have consistently led Africa's diaspora remittance, contributing 67% of the continent's total inflows since 2000. In 2023, African nations received $94.78 billion, with Egypt, Nigeria, and Morocco leading. Here are the top ten countries since 2000.

Five African countries accounted for 61% of the continent's daily oil consumption in 2022
In 2022, Egypt, South Africa, Nigeria, Algeria, and Morocco collectively consumed an average of 2.712 million barrels of oil per day (Mb/d), 61% of the continent's daily oil consumption (4.478 Mb/d). African countries consumed 4.7% of the global usage (99.8 Mb/d). Egypt used the most (850.5 thousand barrels per day (Kb/d)), followed by South Africa (601.2 Kb/d) and Nigeria (514.5 Kb/d).

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