South Africa VS Nigeria: Expected GDP Growth – 2010 to 2020
Nigeria is Africa’s best performing country in terms of GDP, but how does South Africa compare?
The graphical statistics below show the GDP in South Africa and Nigeria from 2010 to 2014, with a projection up until 2020. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country’s economic power.
In 2014, the GDP in South Africa ranged at approximately 350 billion U.S. dollars while Nigeria’s GDP amounted to around 574 billion U.S. dollars, an approximate variance of 224 billion U.S. dollars.