Africa

The Tenth Largest Economy in the World

Vijay Mahajan

Africa is a continent full of surprises. If Africa were a single country, according to World Bank data, it would have had $978 billion total gross national income (GNI) in 2006. This places it ahead of India as a total market. Africa would show up as the tenth largest economy in the world (see Table 1). In fact, this places Africa ahead of every one of the vaunted BRIC economies (Brazil, Russia, India, and China) except for China. Of course, Africa is not one country, but it is richer than you think.

Table 1 Africa Is the Tenth Largest Economy in the World

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A Different Type of Oil and ...

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