GDP Comparison of African Countries and South Korea, 1980-2023

This chart compares the Gross Domestic Product (GDP) of African countries with that of South Korea from 1980 to 2023. It allows for an assessment of each country's economic growth and development through their GDP figures. This data is helpful for comparing the economic size and growth trends of African countries with South Korea, and serves as a crucial indicator for understanding economic influence in the region.

Gross Domestic Product (GDP) is the total market value of all final goods and services produced within a country during a specific period. It is a key indicator of a country's economic size and the intensity of economic activities.

1980

  1. South Africa : $89B 412M ($89,412,000,000)
  2. Democratic Republic of the Congo : $68B 605M ($68,605,999,999)
  3. South Korea : $65B 367M ($65,367,999,999)
  4. Algeria : $42B 346M ($42,346,000,000)
  5. Libya : $40B 190M ($40,190,000,000)
  6. Ghana : $37B 350M ($37,350,000,000)
  7. Morocco : $23B 807M ($23,807,000,000)
  8. Egypt : $23B 523M ($23,523,000,000)
  9. Ivory Coast : $13B 877M ($13,877,000,000)
  10. Kenya : $13B 449M ($13,449,000,000)

2023

  1. South Korea : $1T 721B ($1,721,910,000,000)
  2. Nigeria : $506B 601M ($506,601,000,000)
  3. South Africa : $399B 15M ($399,015,000,000)
  4. Egypt : $387B 110M ($387,110,000,000)
  5. Algeria : $206B 7M ($206,007,000,000)
  6. Ethiopia : $156B 83M ($156,083,000,000)
  7. Morocco : $138B 781M ($138,781,000,000)
  8. Kenya : $118B 130M ($118,130,000,000)
  9. Angola : $117B 877M ($117,877,000,000)
  10. Tanzania : $85B 421M ($85,421,000,000)

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Comparison of Happiness Index Between the United States and African Countries, 2006-2024

Comparison of Happiness Index Between the United States and African Countries, 2006-2024

This chart compares the Happiness Index of the United States and various African countries from 2006 to 2024. While the Happiness Index in the US remains relatively stable, African countries show diverse trends. The variations in happiness levels by country highlight the impact of social and economic factors on overall well-being.

Comparison of GDP Between Africa and South Korea, 1980-2024

Comparison of GDP Between Africa and South Korea, 1980-2024

This chart compares the GDP of Africa and South Korea from 1980 to 2024. It visually presents the economic growth of South Korea and the economic development trends of African countries. The chart highlights the economic disparities between South Korea and African nations.<NEWLINE><NEWLINE>## 1980s<NEWLINE><NEWLINE>In 1980, the GDP of the Republic of Korea was $65.37 billion, while South Africa's GDP was $89.41 billion. South Korea experienced rapid economic growth starting in the early 1980s, primarily due to the expansion of manufacturing and exports. This period saw significant growth in high-value industries such as electronics and automobiles. In contrast, despite its abundant natural resources, South Africa's economic growth was limited due to political instability and the apartheid policy.<NEWLINE><NEWLINE>## 1990s<NEWLINE><NEWLINE>In 1990, the GDP of the Republic of Korea surged to $283.37 billion, while South Africa's GDP was $126.03 billion. South Korea continued its robust economic growth throughout the 1990s, driven by advancements in information and communication technology and its competitiveness in the global market. However, South Africa faced economic instability during the transition period as the apartheid regime ended.<NEWLINE><NEWLINE>## 2000s<NEWLINE><NEWLINE>In 2000, the GDP of the Republic of Korea was $576.48 billion, and South Africa's GDP was $151.86 billion. South Korea quickly recovered from the IMF financial crisis and saw significant developments in the information technology (IT) industry and service sectors. Post-democratization, South Africa's economy stabilized but still faced high unemployment and inequality, limiting its growth.<NEWLINE><NEWLINE>## 2010s<NEWLINE><NEWLINE>In 2010, the GDP of the Republic of Korea reached $1.143 trillion, while South Africa's GDP was $417.32 billion. South Korea established itself as a global economic power during this period, particularly excelling in the semiconductor and smartphone industries. South Africa achieved economic growth due to its resource industries, but political instability and corruption issues limited this growth.<NEWLINE><NEWLINE>## 2020s<NEWLINE><NEWLINE>In 2020, the GDP of the Republic of Korea was $1.644 trillion, and South Africa's GDP was $338.19 billion. Despite the COVID-19 pandemic, South Korea maintained relatively stable economic growth and identified new growth drivers such as the digital economy and bio-industry. South Africa's economic growth slowed significantly due to the pandemic, and the country continues to face high unemployment and economic inequality.<NEWLINE><NEWLINE>---<NEWLINE><NEWLINE>The Republic of Korea has consistently grown its economy through continuous industrial development and competitiveness in the global market. In contrast, African countries, despite their abundant natural resources, have shown limited growth due to political instability and economic structural weaknesses. Overcoming these challenges requires a more stable political environment and diversified economic structures.

Comparison of GDP Between Africa and Germany, 1980-2024

Comparison of GDP Between Africa and Germany, 1980-2024

This chart compares the GDP of Africa and Germany from 1980 to 2024. It visually presents the economic growth of Germany and the economic development trends of African countries. The chart highlights the economic disparities between Germany and African nations.<NEWLINE><NEWLINE>## 1980s<NEWLINE><NEWLINE>In the 1980s, both African countries and Germany experienced significant economic developments. In 1980, Germany's GDP was $853.7 billion. In comparison, South Africa's GDP was $89.4 billion, and the Democratic Republic of the Congo's GDP was $68.6 billion.<NEWLINE><NEWLINE>In 1981, Germany's GDP fell to $718.3 billion, reflecting the global economic recession and the slowdown in West Germany's economic growth. Meanwhile, South Africa's GDP increased to $93.2 billion, driven by rising prices of gold and diamonds and growth in the mining industry.<NEWLINE><NEWLINE>By the mid-1980s, Germany's GDP rose again, reaching $944.1 billion in 1986, thanks to West Germany's economic recovery and technological innovation. In contrast, the Democratic Republic of the Congo suffered from political instability and civil war, leading to poor economic growth.<NEWLINE><NEWLINE>## 1990s<NEWLINE><NEWLINE>In 1990, Germany's GDP surged to $1.6 trillion, largely due to the effects of German reunification and economic restructuring. In contrast, South Africa, ending its apartheid policy, saw economic reforms lead to a GDP of $126.0 billion.<NEWLINE><NEWLINE>In the late 1990s, Germany's GDP reached $2.2 trillion in 1997, boosted by European Union integration and a global economic boom. South Africa also experienced stable economic growth, with its GDP reaching $169.0 billion.<NEWLINE><NEWLINE>## 2000s<NEWLINE><NEWLINE>In 2000, Germany's GDP slightly decreased to $1.9 trillion due to a global economic slowdown. However, Nigeria emerged as a significant economic power in Africa, with its GDP reaching $67.8 billion due to increased oil exports.<NEWLINE><NEWLINE>In 2008, Germany's GDP climbed to $3.7 trillion, benefiting from the economic boom before the global financial crisis. During this period, Nigeria's GDP grew rapidly to $330.2 billion.<NEWLINE><NEWLINE>## 2010s<NEWLINE><NEWLINE>The 2010s saw continued economic growth for both Africa and Germany. In 2010, Germany's GDP was $3.4 trillion, reflecting steady growth. Nigeria's GDP reached $568.5 billion in 2014, thanks to the growth of the oil and natural gas industry.<NEWLINE><NEWLINE>In 2019, Germany maintained its growth with a GDP of $3.9 trillion, supported by the European Union's economic integration and Germany's industrial competitiveness. South Africa's GDP was $389.2 billion, maintaining its significant role in the African economy.<NEWLINE><NEWLINE>## 2020s<NEWLINE><NEWLINE>In 2020, Germany's GDP slightly declined to $3.9 trillion due to the global pandemic's impact. Meanwhile, Nigeria's GDP was $429.4 billion, affected by falling oil prices.<NEWLINE><NEWLINE>By 2022, Germany's GDP recovered to $4.1 trillion, driven by post-pandemic economic recovery. Nigeria's GDP also increased to $477.4 billion due to rising oil production and economic reforms.<NEWLINE><NEWLINE>In 2023, Germany's GDP continued its upward trend, reaching $4.5 trillion. South Africa's GDP, however, decreased slightly to $377.7 billion, influenced by political instability and economic policy uncertainties.<NEWLINE><NEWLINE>---<NEWLINE><NEWLINE>The GDP fluctuations of Germany and key African countries were significantly influenced by each country's political and economic conditions as well as the global economic environment. Germany achieved consistent growth through economic integration and technological innovation, while African countries grew through resource development and economic reforms. However, political instability and civil wars negatively impacted the economic growth of some African countries. This analysis underscores the importance of a stable political environment and sound economic policies for achieving sustained economic growth.

Comparison of GDP Between Japan and African Countries, 1980-2024

Comparison of GDP Between Japan and African Countries, 1980-2024

This chart compares the GDP of Japan and African countries from 1980 to 2024. It visually presents the economic growth of Japan and the economic development trends of African nations. The chart highlights the economic disparities between Japan and African countries.<NEWLINE><NEWLINE>## 1980s<NEWLINE>In the 1980s, Japan's GDP showed a steady increase. In 1980, Japan's GDP was $1,129.38 billion, driven primarily by the electronics and automotive industries. In contrast, among African countries, South Africa had the highest GDP at $89.41 billion, relying on its mining industry for gold and diamonds.<NEWLINE><NEWLINE>In 1981, Japan's GDP increased to $1,245.24 billion, and South Africa's GDP slightly rose to $93.15 billion. During this period, Japan's economic growth was fueled by technological innovation and the growth of the manufacturing sector. Another significant African country was Algeria, with a GDP of $48.16 billion, driven by the oil and gas industry.<NEWLINE><NEWLINE>By 1983, Japan's GDP reached $1,270.86 billion, and South Africa's GDP was $96.21 billion. Algeria's GDP was $51.58 billion, still reliant on its resource-based economy. Libya, with a GDP of $32.99 billion in 1983, also depended heavily on oil exports.<NEWLINE><NEWLINE>## 1990s<NEWLINE>In 1990, Japan's GDP increased to $3,185.91 billion. During this time, Japan experienced a temporary economic boom due to its bubble economy, but this was followed by a prolonged economic downturn after the bubble burst. South Africa's GDP was $126.03 billion, undergoing economic restructuring due to the end of apartheid and political changes.<NEWLINE><NEWLINE>In 1995, Japan's GDP was $5,545.56 billion, and South Africa's GDP was $171.74 billion. Japan implemented various economic policies to recover from the bubble burst, while South Africa pursued economic reforms post-democratization. Nigeria also played a significant role during this period, with a GDP of $132.23 billion, primarily driven by the oil industry.<NEWLINE><NEWLINE>By 1999, Japan's GDP had declined to $4,635.98 billion, and South Africa's GDP was $151.43 billion. Japan struggled with a long-term recession, whereas South Africa's stable political environment facilitated economic growth. Egypt's GDP in this period was $95.04 billion, benefiting from tourism and Suez Canal revenues.<NEWLINE><NEWLINE>## 2000s<NEWLINE>In 2000, Japan's GDP was $4,968.36 billion, and South Africa's GDP was $151.86 billion. Japan sought to recover its economy through the growth of the information technology and service industries, while South Africa focused on expanding international trade and attracting foreign investment. Nigeria's GDP in 2000 was $67.82 billion, driven by oil exports.<NEWLINE><NEWLINE>By 2005, Japan's GDP was $4,831.47 billion, and South Africa's GDP had risen to $288.75 billion. Japan continued to face challenges in economic recovery, but South Africa benefited from large infrastructure investments in preparation for the 2010 World Cup. Algeria's GDP in 2005 was $107.05 billion, supported by the energy sector.<NEWLINE><NEWLINE>In 2008, Japan's GDP increased to $5,106.79 billion, and South Africa's GDP was $316.49 billion. Despite being impacted by the global financial crisis, Japan continued its growth, while South Africa maintained relatively stable economic growth. Angola had a GDP of $88.54 billion in 2008, heavily reliant on oil exports.<NEWLINE><NEWLINE>## 2010s<NEWLINE>In 2010, Japan's GDP was $5,759.07 billion, and South Africa's GDP was $417.31 billion. Japan attempted to recover through significant fiscal policies and economic reforms, while South Africa sustained economic growth through the resource sector and increased foreign investments. Egypt had a GDP of $230.24 billion in 2010, with tourism and Suez Canal revenues contributing to its growth.<NEWLINE><NEWLINE>By 2015, Japan's GDP was $4,444.93 billion, and South Africa's GDP was $346.66 billion. Japan aimed for economic growth through a weaker yen and increased exports, whereas South Africa maintained its economy despite political instability by continuing resource exports. Nigeria recorded a GDP of $492.44 billion in 2015, largely driven by the oil industry.<NEWLINE><NEWLINE>In 2019, Japan's GDP was $5,179.95 billion, and South Africa's GDP was $389.25 billion. Japan achieved stable economic growth, while South Africa focused on economic reforms and attracting foreign investment. Kenya had a GDP of $100.33 billion, with agriculture and service industries driving its economy.<NEWLINE><NEWLINE>## 2020s<NEWLINE>In 2020, Japan's GDP was $5,050.57 billion, and South Africa's GDP was $338.19 billion. Both countries were significantly impacted by the COVID-19 pandemic, which caused economic setbacks. Egypt's GDP in 2020 was $382.53 billion, maintaining growth despite the pandemic's impact on the tourism industry.<NEWLINE><NEWLINE>By 2023, Japan's GDP was $4,212.94 billion, and South Africa's GDP was $377.68 billion. Japan implemented various policies for economic recovery post-pandemic, and South Africa achieved economic growth through political stability and the recovery of the resource sector. Ethiopia had a GDP of $159.75 billion in 2023, with agriculture and manufacturing contributing to its economic development.<NEWLINE><NEWLINE>---<NEWLINE><NEWLINE>The GDP analysis of African countries and Japan reveals that economic changes were significantly influenced by industrial structures, political stability, international trade, and investment. Japan achieved economic growth through technological innovation and industrialization but faced long-term recessions due to the bubble economy. South Africa underwent economic restructuring due to political changes and resource-based industries. Other significant African countries, such as Egypt, Nigeria, Kenya, and Ethiopia, each pursued economic growth based on their unique industrial and political circumstances. Both regions have made various efforts to recover economically post-pandemic.