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Business Insider
4 days ago
- Business
- Business Insider
Top 10 African countries with the highest leap in GDP growth rate in 2025
In 2025, many African countries are experiencing slower real GDP growth compared to 2024, primarily due to global trade uncertainties and domestic fiscal challenges. Business Insider Africa presents the top 10 African countries with the highest GDP growth in 2025 compared to last year. This list is courtesy of the Africa Pulse report by the World Bank. Sudan ranks number 1 on the list. Despite these hurdles, some African countries are expected to experience stronger real GDP growth in 2025 compared to the previous year, indicating resilience and potential benefits. Despite these hurdles, some African countries are expected to experience stronger real GDP growth in 2025 compared to the previous year, indicating resilience and potential benefits. These countries' better development paths provide several benefits. First, faster economic growth indicates resilience, particularly in a global climate characterized by inflation, monetary tightening, and trade disruptions. Such success boosts investor trust and has the potential to enhance foreign direct investment. A country that continues to thrive while others stagnate attracts global investment, which can be reinvested in essential areas such as energy, education, healthcare, and transportation. Higher GDP growth may boost foreign direct investment, create more job opportunities, and provide governments with more budgetary room to invest in social services and infrastructure. Furthermore, strong economic growth can boost investor confidence and promote regional stability. For example, Uganda's anticipated 7.5% growth rate in 2025, up from 5.9% in 2024, is likely to be driven by advances in agriculture, infrastructure development, and oil exploration investments. Additionally, as economic activity increases, governments have more funds to implement social programs, pay down debt, and enhance their resilience to future economic shocks. These nations can serve as anchors of stability and economic power in their respective areas, affecting trade patterns and regional integration. In a year when many economies are stalling, African countries with strong growth are distinguishing themselves by establishing the basis for long-term benefits, increased global importance, and higher quality of life for their people. With that said, here are the African countries with the largest leap of real GDP growth this year, from last year, as per the Africa Pulse Report by the World Bank. Top 10 African countries with the highest leap in GDP growth rate in 2025 Rank Country Real GDP growth rate 2025 Real GDP growth rate 2024 1. Sudan 5.0% -13.5% 2. Zimbabwe 6.0% 2.0% 3. Zambia 6.2% 4.0% 4. São Tomé and Príncipe 3.1% 0.9% 5. Senegal 7.9% 5.8% 6. Mozambique 3.0% 1.8% 7. Guinea 6.7% 5.7% 8. Mali 4.8% 4.0% 9. Seychelles 3.1% 2.4% 10. Central Africa Republic 2.1% 1.5%
Business Insider
09-05-2025
- Business
- Business Insider
Top 10 African countries with the lowest cost of goods and services in 2025
When the Consumer Price Index (CPI) sees a significant shift, notably an increase, it causes ripples throughout a country's economy. The CPI, which measures the average change in prices paid by consumers for goods and services over time, is an important measure of inflation. A higher CPI often indicates overall price rises, resulting in a higher cost of living. Rent, food, utilities, healthcare, and transportation are all becoming more costly, pushing families to reduce discretionary spending or tap into savings. Conversely, a low CPI change means that prices for everyday necessities like food, transportation, and housing are not rapidly rising, giving consumers some breathing room, especially for households with fixed or modest incomes. This helps maintain purchasing power and makes it easier to save money or pay down debt. Businesses gain from minimal CPI changes because they enable greater cost control and financial planning. When prices remain steady, businesses may set long-term pricing, wages, and investment plans without worry of unexpected cost increases. In an atmosphere of low and steady inflation, savers are less likely to see their money's value decrease over time. This boosts trust in financial institutions, makes long-term deposits more appealing, and encourages healthy capital accumulation in the economy. Furthermore, people on fixed incomes, such as seniors and retirees, benefit greatly from minimal CPI changes. When inflation is low, their income retains more of its real-world worth, allowing them to buy basics without having to constantly adjust. For export-dependent countries, a low and consistent CPI change helps keep manufacturing costs under control. This permits their products and services to stay competitive on the global market, promoting trade and economic stability. With that said, here are the African countries with the lowest consumer price index change in 2025, as seen in the Africa Pulse Report by the World Bank. Top 10 African countries with the lowest cost of goods and services in 2025 Rank Country Consumer Price Index 2025 1. Seychelles 1.0% 2. Benin 1.5% 3. Cabo Verde 1.8% 4. Senegal 2.0% 5. Mauritania 2.0% 6. Gabon 2.3% 7. Mali 2.6% 8. Togo 2.6% 9. Central Africa Republic 2.7% 10. Equatorial Guinea 2.9%
Business Insider
06-05-2025
- Business
- Business Insider
Top 10 African countries with the highest cost of goods and services in 2025
When the Consumer Price Index (CPI) sees a significant shift, notably an increase, it causes ripples throughout a country's economy. For African countries, much like everywhere else, this inevitably affects the cost of goods and services. Business Insider Africa presents the top 10 African countries with the highest cost of goods and services in 2025. This list is courtesy of a report by the World Bank. South Sudan ranks number 1 on the list. A large increase in the CPI indicates that the cost of living is rising rapidly, a situation that has immediate and long-term implications for individuals, businesses, and governments. The most immediate result of a significant CPI shift is a loss of consumer buying power. As prices grow faster than wages, families may buy fewer products and services. This compression is especially difficult for low- and middle-income earners, who spend a bigger portion of their income on necessities such as food, shelter, and transportation. Because they spend a greater portion of their income on necessities like housing, food, and transportation, low- and middle-income workers are most affected by this strain. A greater cost of living is usually the result of price increases that are reflected in a higher CPI. Families are often forced to reduce discretionary spending or draw from savings as the cost of rent, food, utilities, healthcare, and transportation rises. In reaction to rising prices, workers frequently seek higher salaries to maintain their living standards. If employers approve these raises and pass the higher labor costs on to customers through higher prices, it can set off a wage-price cycle, maintaining and exacerbating inflation over time. Volatile or quickly rising CPI increases create uncertainty for businesses. Cost prediction and price setting become more complex, and as a result, businesses may delay investment choices or pass on inflationary pressures to customers. High inflation can also erode corporate confidence and stifle economic progress. Furthermore, inflation erodes the real worth of savings. If interest rates on savings accounts do not keep up with inflation, depositors will lose money in real terms. This is especially true for pensioners and those on fixed incomes, whose buying power slowly falls during times of high inflation. With that said, here are the African countries with the highest consumer price index change in 2025, as seen in the Africa Pulse Report by the World Bank. Top 10 African countries with the highest cost of goods and services in 2025 Rank Country Consumer Price Index 2025 1. South Sudan 179.8% 2. Sudan 89.4% 3. Zimbabwe 84.9% 4. Burundi 39.1% 5. Malawi 34.7% 6. Angola 25.0% 7. Nigeria 22.1% 8. Ethiopia 20.7% 9. Ghana 17.2% 10. Zambia 14.2%
Business Insider
28-04-2025
- Business
- Business Insider
Top 10 African countries with the highest GDP growth rate in 2025
The importance of a robust and positive GDP growth rate in African countries cannot be stressed enough. It is a key indicator of economic health, suggesting development, increased affluence, and more opportunities for residents. Business Insider Africa presents the top 10 African countries with the highest GDP growth rate in 2025. This list is courtesy of the Africa Pulse report by the World Bank. Senegal ranks number 1 on the list. The effects of a high GDP growth rate cannot be overstated. For starters, a positive GDP growth would typically lead to increased job possibilities for any given economy. Businesses frequently recruit more employees to accommodate increased demand for their goods and services. Economic expansion typically results in higher wages and better living standards. As businesses thrive and profits grow, workers often benefit through salary increases, bonuses, and improved working conditions. According to the recently released Africa Pulse report by the World Bank, economic activity in Sub-Saharan Africa is projected to increase from 3.3% in 2024 to 3.5% in 2025 and 4.2% in 2026. While the report shows growth, it also notes that this growth would not be able to mitigate some of the continent's most prevalent problems. 'Despite the baseline forecasts of growth acceleration in the region during 2025–27, risks to the outlook remain tilted to the downside. Sub-Saharan African economies will navigate an uncertain landscape amid greater policy uncertainty,' the report states. However, for countries with higher sustained positive growth rates, there is no denying that GDP growth may be a significant instrument for decreasing poverty and lowering income inequality. While development does not automatically eradicate inequality, it can give the resources and possibilities for more equitable wealth distribution when combined with good policy. Without consistent growth, any economic disruption can cause more severe and long-term damage. With that said, here are the 10 African countries with the highest GDP growth rate in 2025, according to Africa Pulse Report. Top 10 African countries with the highest GDP growth rate in 2025 Rank Country Real GDP growth, at constant market prices (%) 1. Senegal 7.9% 2. Benin 7.2% 3. Niger 7.1% 4. Rwanda 7.0% 5. Guinea 6.5% 6. Ethiopia 6.4% 7. Zambia 6.2% 8. Uganda 6.2% 9. Zimbabwe 6.0%
