Pulse logo
Pulse Region
ADVERTISEMENT

Top 10 Africa’s fastest-growing economies according to IMF

IMF has unveiled Africa’s top 10 fastest-growing economies, spotlighting nations showing impressive progress through innovation, investments, and resource development.

The International Monetary Fund (IMF) has unveiled Africa’s fastest-growing economies for 2025, highlighting a mix of countries that are leveraging their oil-rich natural endowment, focusing on agriculture, and making smart investment decisions to take charge of their futures.

From South Sudan’s oil recovery and Rwanda’s tech-driven progress to Guinea’s exploitation of its mineral resources (bauxite, iron ore, and large deposits of gold, uranium, and diamonds), these African nations continue to prove that growth isn’t limited to just natural resources, but also about resilience, innovation, and visionary leadership.

They are showing that the continent’s economic power is rising, despite global issues and challenges such as inflation, debt pressures, and political instability.

RELATED: 7 Untapped career potentials in Nigeria’s emerging green economy

Recommended For You

Though a few of these economies are rebounding from earlier downturns, others are sustaining impressive growth through strong agricultural production, trade expansion, infrastructure investment, and better fiscal management. 

ADVERTISEMENT

So, here’s a list of the countries leading the pack as fastest-growing economies in Africa 2025.

1) South Sudan 

Top 10 Africa’s fastest-growing economies according to IMF

South Sudan, the world's youngest nation after breaking away from Sudan in 2011, leads the pack with a massive 24.3% growth rate. After years of conflict and instability, the country’s oil production has skyrocketed, bringing in revenue that’s revitalising its economy.

2) Guinea

ADVERTISEMENT
Top 10 Africa’s fastest-growing economies according to IMF

Guinea's economy is blooming, thanks to increased investment and booming mining exports, especially in bauxite. Both private and public investments have also played a role in driving steady growth and job creation.

RELATED: Did you know Africa’s largest market is in Nigeria?

3) Ethiopia

Top 10 Africa’s fastest-growing economies according to IMF
ADVERTISEMENT

Ethiopia steadily makes waves in East Africa with growth powered by manufacturing, telecom liberalisation, and infrastructure developments. 

4) Rwanda

Top 10 Africa’s fastest-growing economies according to IMF

Rwanda continues to be one of Africa’s top reform-driven economies. Its innovation, strong governance, and booming tourism industry are behind its strong economic rise.

RELATED: Lagos becomes Africa's 2nd-largest city economy as GDP hits $259 billion

ADVERTISEMENT

5) Republic of Benin

Top 10 Africa’s fastest-growing economies according to IMF

Benin's economic success story is tied to expanded trade corridors, port modernisation, and strong cotton exports. 

6) Niger Republic

Top 10 Africa’s fastest-growing economies according to IMF
ADVERTISEMENT

Despite the country’s security challenges, Niger is growing in mining, agriculture, and improved cross-border trade. The government’s push for better infrastructure and regional partnerships has also strengthened its economic outlook.

RELATED: How gender inclusion has become Nigeria’s $229bn untapped resource

7) Uganda

Top 10 Africa’s fastest-growing economies according to IMF

Significant investments in infrastructure, energy, and export diversification drive Uganda’s economic growth. 

ADVERTISEMENT

8) Côte d’Ivoire

Top 10 Africa’s fastest-growing economies according to IMF

Côte d’Ivoire is driving high on rising cocoa prices and a wave of structural reforms. Additionally, its stable business environment and expanding agriculture sector continue to make it one of West Africa’s strongest economies.

RELATED: New AI tools to enable Nigerians, other Africans to monitor legislation, influence policy

9) The Gambia

ADVERTISEMENT
Top 10 Africa’s fastest-growing economies according to IMF

The Gambia’s growth is being fueled by its service sector, tourism and construction. There is also a recovery in both public and private investment. The country’s infrastructure development is bringing in more visitors and investors.

 10) Senegal

Top 10 Africa’s fastest-growing economies according to IMF

Senegal rounds off the list, powered by new oil and gas projects and strong infrastructure investments. The country is quickly emerging as a key energy player in West Africa, with bright economic potential ahead.

ADVERTISEMENT

RELATED: Nigeria launches Africa’s 1st AI tool to track carbon emissions

S/N

African Countries 

GDP Growth Projection 2025

Reason for Growth

1

South Sudan

24.3

Oil production skyrocketed after years of disruption and conflict. This resulted in their economic growth.

2

Guinea

7.2

The country’s growth spiked due to a surge in private and public investment, as well as increased exports from the mining industry, particularly bauxite. 

3

Ethiopia

7.2

Investment in manufacturing, telecoms liberalisation, and infrastructure projects is crucial.

4

Rwanda

7.1

The steady growth was driven by innovation, good governance and tourism.

5

Benin

7.0

The expansion of trade corridors, port modernisation, and booming cotton exports resulted in an increase in their economic growth

6

Niger

6.6

Growth in mining, agriculture, and improved cross-border trade.

7

Uganda

6.4

Growing investments in infrastructure, energy, and export diversification.

8

Cote d’Ivoire

6.4

The rising international cocoa prices are steadily boosting producers' incomes, plus structural reforms and a favourable business environment contributed to the growth.

9

The Gambia

6.0

Their growth is primarily driven by its service sector, including tourism and construction, as well as a recovery in private and public investment.

10

Senegal

6.0

The boost in growth came from new oil and gas projects, plus strong infrastructure development.

What this means for Africa

These growth projections show that Africa is one of the most dynamic regions in the world, with a strong potential to attract investors and entrepreneurs.

However, challenges like rising debt, currency pressures, inflation and climate-related risks remain major hurdles. Notwithstanding, the story is clear: Africa isn’t waiting for the world to save it; the continent is rolling up its sleeves to rebuild, reinvent, and recharge for greater growth.

ADVERTISEMENT

RELATED: GRF, RPI unveil 100 Most Reputable Africans 2025

Subscribe to receive daily news updates.