7. Angola
Nominal GDP: $81.497 billion
This country has all of the prospects to become Africa’s biggest oil producer, being one of the main reasons why its economy is developing so fast. However, even though the growth in the previous decade was estimated to be around 7%, it has reached only 5.1%. One of the reasons for that is the fact that its currency, the kwanza weakened, eventually bringing to inflation, followed by certain internal and external issues, including the instability of the government. Generally speaking, besides the oil production, some of the other aspects that contribute to economic development include non-oil energy, agriculture, manufacturing, fisheries, and construction.
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