Although Nigeria failed to qualify for World cup 2022 after losing 1–1 on away goals to Ghana, still retained the top spot in terms of Gross domestic product (GDP) in Africa.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund. The figures presented do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country’s currency. Such fluctuations may change a country’s ranking from one year to the next, even though they often make little or no difference to the standard of living of its population.
The Economy of Nigeria is ranked as the 27th-largest economy in the world in terms of nominal GDP and number one in Africa.
While Ghana with GDP 74.26 ranked as the 75th in the world and 10th in Africa.
Nigeria has the largest economy in Africa. The country’s re-emergent manufacturing sector became the largest on the continent and it produces a large proportion of goods and services for the region of West Africa.
