4 countries (Algeria, Egypt, Nigeria, South Africa) account for about 60% of the entire economy of Africa. (country, pros)

[Daywalk]

Can't believe that just these 4 countries make up the majority of the continent's economic activities.

[Nema98]

Those four countries have the largest economies in Africa and are economic engines.

[scobby]

Originally Posted by Daywalk

Can't believe that just these 4 countries make up the majority of the continent's economic activities.

Why not ? why are you surprised ? It makes sense ,there are good reasons for that !

The US economy make up more than half of the America's economies ( North, Latin, South and the Caribbean combined)

Same thing in Asia, China, Japan and India make up more than 75% of Asian economies

[scobby]

If California was a country ,its economy would be larger than the whole African continent economy and the 8th or 9th economy in the world

[prospectheightsresident]

Originally Posted by scobby

Why not ? why are you surprised ? It makes sense ,there are good reasons for that !

The US economy make up more than half of the America's economies ( North, Latin, South and the Caribbean combined)

Same thing in Asia, China, Japan and India make up more than 75% of Asian economies

Great point.

[scobby]

Originally Posted by prospectheightsresident

Great point.

Thanx

[Greysholic]

Originally Posted by Daywalk

Can't believe that just these 4 countries make up the majority of the continent's economic activities.

And Germany, France, and the UK make up about half of the economy of the EU, Australia probably makes up 90% of the economy of Oceania. It's the same in every continent, nothing surprising.

[Maghribi]

Originally Posted by Nema98

Those four countries have the largest economies in Africa and are economic engines.

I honestly doubt that algeria is an "economic engine" This country only exports oil and natural gas and totally unindustrialized apart from those. The other three on the other hand have a much more diverse economy aimed into exports and a larger population, so big domestic markets.

[Striffed]

same thing in asia, americas, europe. some countries will always be outsized in their region due to differences in industrialization, resources, population etc. i expect this ranking to change in africa though. south africa's share of africa's gdp has reduced from 30% in the 1990s to less than 15% now and could get worse if stagnation persists. egypt and nigeria have diversified economies and more headroom for growth compared to algeria.

[waffleiron1968]

Bigger populations, bigger markets and all that.