Gabon has topped worker productivity in Africa for 21 of 33 years; Nigeria stays outside top 20

  • Gabon led Africa in GDP per person employed for 21 years, the most of any country, thanks largely to its oil wealth and smaller labour force.
  • Equatorial Guinea was a close second, topping the list for 12 straight years, particularly during its oil boom.
  • Libya never came first but held second place in 18 different years, showing long-term stability in productivity.
  • Algeria and Egypt frequently ranked in the top three but never led.
  • Nigeria, despite being Africa’s most populous country and once its largest economy, never made it into the top 3 and has consistently ranked around 23rd to 26th.
  • The leading countries tend to share a pattern: resource-driven economies with relatively smaller workforces, while lower-ranked ones often struggle.

Over the past three decades, one African country kept coming out on top when it came to how much each worker adds to the economy, and that country was Gabon. Among over 50 nations tracked, Gabon led the continent for 21 different years in GDP per person, driven by its oil sector and a relatively small workforce.

Equatorial Guinea wasn’t far behind, taking the number one spot 12 times, particularly during its early 2000s oil surge. Libya, while never topping the list, claimed second place for 18 years, showing consistent strength before political instability disrupted its trajectory. Algeria and Egypt were also regulars in the top three. But then there’s Nigeria, Africa’s most populous country and now its fourth-largest economy. Despite its size, Nigeria never entered the top ranks for worker productivity. Year after year, it sat outside the top 20, reflecting the challenges of a large informal sector, underemployment, and slow structural reform.

In this data, the message is clear: size alone doesn’t drive productivity. The countries that led weren’t always the biggest, but they were the most efficient at turning work into economic value.

Source:

World Bank - World Development Indicators

Period:

1991-2023
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Over $3.2 billion was sent abroad from Nigeria from 2000 to 2023, with a $1 billion spike in 2015 standing out
  • Migrants living in Nigeria sent out over $3.2 billion in personal remittances between 2000 and 2023.
  • The year 2015 recorded a sharp and unusual outflow of $1.04 billion, the highest by far in the entire 24-year span.
  • After 2015, remittance outflows sharply declined, stabilising below $100 million from 2018 onward.
  • Prior to 2015, outflows were consistently under $110 million annually, indicating a major anomaly in that spike year.

Nigeria has received $430B in remittances since 2000, peaking at $24.3B in 2018
  • Nigeria received a total of approximately $430 billion in remittances between 2000 and 2023.
  • The highest amount recorded was in 2018, when remittances peaked at $24.31 billion.
  • In 2020, inflows dropped significantly to $17.21 billion due to the global COVID-19 crisis.
  • Between 2021 and 2023, remittances remained stable, averaging around $19.7 billion per year.

Burundi and Mozambique consistently rank lowest in African worker productivity since 1991
  • The same countries—Burundi, Malawi, DR Congo, Mozambique, Niger, Liberia, Madagascar, Central African Republic, Chad, and Ethiopia—consistently occupy the bottom ranks over the years.
  • These countries remain far below the continent's average, often with GDP per person employed under $5,000 even in recent years.
  • Progress is marginal: while some, like Ethiopia and Mozambique, show slow growth, many fluctuate or even regress across periods.
  • Structural economic weaknesses, conflict, and low industrialisation seem to persist across the bottom group.

Nigeria holds the third highest interest rate in Africa at 27.5%, as Zimbabwe leads with 35%
  • Zimbabwe has the highest benchmark interest rate in Africa at 35%, exceeding Ghana, the second highest, by 7% points.
  • Nigeria holds the third highest interest rate on the continent at 27.5%, just 0.5% points behind Ghana, signalling aggressive policy intervention.
  • Zimbabwe, Ghana, Nigeria, Malawi, and Egypt have interest rates above 25%, showing a regional pattern of tight monetary conditions.
  • There is a significant drop of over 5% points between Sierra Leone at 24.75% and Angola at 19.5%, marking a clear shift to lower-rate economies below the top tier.

Nigeria ranks 7th among Europe’s crude oil suppliers, peaking at 0.54 million barrels per day
  • The USA leads the suppliers with 1.40 million barrels/day, making it the largest single contributor to the EU’s crude oil imports in 2024.
  • Norway and Kazakhstan follow closely, delivering 1.10M and 1.05M b/d respectively, together accounting for over 24% of the EU’s total imports.
  • Nigeria ranks 7th, contributing 0.54M b/d, which is 5.9% of total EU crude oil imports, ahead of Brazil and the UK.
  • The top 6 suppliers (USA to Iraq) delivered 5.45 million b/d in total, representing nearly 60% of the EU’s crude oil demand.
  • The rest of the world, not listed among the top 10, contributed 2.24M b/d, underscoring the EU’s diversified sourcing strategy.

Netherlands, US, and Germany dominated cocoa imports from 1961 to 2023
  • Netherlands imported the most cocoa beans — 25.48 million tonnes (1961–2023)
  • US (21.1M) and Germany (16.8M) followed in total volume
  • These three countries dominated the top 5 nearly every year
  • Malaysia, UK, France, and Belgium also ranked high over time
  • USSR stayed in the top 10 despite dissolving in 1991
  • Global cocoa imports grew from 1M tonnes in 1961 to nearly 4M in 2023

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