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Nigeria to Overtake Algeria as Africa’s Third-Largest Economy in 2026—IMF

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Nigeria to Overtake Algeria as Africa’s Third-Largest Economy in 2026—IMF

05 Feb, 2026

Nigeria is projected to move from being the become the third-largest economy in Africa in 2026 from the fourth position it clinched last year, according to data from the International Monetary Fund (IMF). In the IMF’s World Economic Outlook (October 2025 edition), accessed via its datamapper, it was indicated that Nigeria’s gross domestic product (GDP) at current prices stood at about $285 billion in 2025, placing it behind South Africa, Egypt and Algeria. South Africa topped the African ranking with a GDP of about $426 billion, followed by Egypt at $349 billion, and Algeria ranked third with $288 billion..........................READ MORE