Economy of East Africa

Economy of East Africa is characterized by diverse sectors, with agriculture playing a pivotal role, employing the majority of the population and contributing significantly to GDP. Key crops include coffee, tea, and horticultural products. East Africa is the fastest growing region in Africa. The region has also seen rapid growth in tourism with Tanzania and Kenya pioneering tourism due to safari parks. Nairobi and Addis Ababa are the main financial hubs in East Africa

Economy of East Africa Economy

Nairobi City, Main financial hub in East Africa
Currency	Kenyan Shilling, Ethiopian birr
Statistics
Population	424.26M
GDP	$548.26B (nominal) $1.584T (PPP)
GDP growth	4.8%
GDP per capita	$1,422 (nominal; 2023 est) $3,271 (PPP;est 2023)
Inflation (CPI)	20.66% (Average)
Public finances
Government debt	$856.3B
All values, unless otherwise stated, are in US dollars.

GDP PPP

#	Country	GDP (PPP) (Billions USD)
1	Ethiopia	431.69
2	Kenya	365.85
3	Tanzania	244.36
4	Sudan	169.19
5	Uganda	156.70
6	Madagascar	60.55
7	Rwanda	46.66
8	Mauritius	40.47
9	Somalia	34.03
10	Burundi	12.24
11	Djibouti	8.04
12	South Sudan	7.03
13	Seychelles	4.35
14	Comoros	3.63
15	Eritrea	No data
	Total	1,584.79B

Gross domestic product

Ethiopia and Kenya boasts the highest GDP in East Africa while the Seychelles and Mauritius has the highest gdp per Capita.The total combined GDP of East Africa Region is $603 billion.

East African Countries by GDP

No.	Country and Flag	GDP (in billions USD)
1	Ethiopia	205.13
2	Kenya	104.00
3	Tanzania	79.61
4	Uganda	56.31
5	Sudan	26.87
6	Madagascar	16.47
7	Mauritius	16.36
8	Rwanda	13.70
9	Somalia	12.80
10	South Sudan	6.52
11	Djibouti	4.36
12	Burundi	3.08
13	Seychelles	2.20
14	Comoros	1.2
15	Eritrea	No Data
#	East Africa TOTAL	603.49

Source:

Real GDP growth

East Africa is the fastest growing region in Africa Rwanda,Ethiopia, Djibouti boasts some of the fastest Economic growth in the region.

East African Countries by Real GDP Growth

No.	Country and Flag	Real GDP Growth (in billions USD)
1	Rwanda	6.9
2	Djibouti	6.5
3	Ethiopia	6.2
4	South Sudan	5.6
5	Uganda	5.6
6	Tanzania	5.5
7	Kenya	5.0
8	Mauritius	4.9
9	Burundi	4.3
10	Somalia	3.7
11	Comoros	3.5
12	Seychelles	3.2
13	Eritrea	No data
14	Sudan	-4.2

Source:

Per Capita PPP

GDP per Capita (PPP) by Country

No.	Country	Per Capita (PPP)
1	Seychelles	43,150
2	Mauritius	32,090
3	Djibouti	7,710
4	Kenya	6,980
5	Ethiopia	4,020
6	Tanzania	3,750
7	Sudan	3,440
8	Rwanda	3,370
9	Uganda	3,340
10	Comoros	3,530
11	Somalia	2,060
12	Madagascar	1,980
13	Burundi	915
14	South Sudan, Republic of	455
15	Eritrea	no data
16	Average	3,271

Gdp per Capita

Seychelles and Mauritius are the richest countries in East Africa by per capita, Followed by Djibouti and Kenya respectively.

#	Country	GDP Per Capita (USD)
1	Seychelles	21,880
2	Mauritius	12,970
3	Djibouti	4,180
4	Kenya	2,100
5	Ethiopia	1,910
6	Comoros	1,380
7	Tanzania	1,220
8	Uganda	1,200
9	Rwanda	988.74
10	Somalia	775.94
11	Sudan	546.71
12	South Sudan, Republic of	421.86
13	Burundi	230.04
14	Eritrea	No data
	Total	1,422.45

Government Debt

Country Data

No.	Country	Value
1	Sudan	280.3
2	Mauritius	81
3	Kenya	73
4	Burundi	72.7
5	Rwanda	69.9
6	Seychelles	58.3
7	Djibouti	56.5
8	Madagascar	56.1
9	Uganda	49.7
10	South Sudan, Republic of	48.3
11	Tanzania	46.1
12	Comoros	35.5
13	Ethiopia	30.5
14	Eritrea	no data
15	Somalia	no data
15	East Africa	$856.3

Economic Hubs of East Africa

East Africa is home to several key economic hubs that significantly contribute to the region's overall economic landscape. Below are five major economic centers in East Africa:

Nairobi, Kenya

Nairobi Skyline

Nairobi is the economic powerhouse of East Africa, serving as the region’s primary financial center and hosting major corporations and banks. Its robust infrastructure and growing technology sector significantly contribute to economic activities and innovations across the region.

Addis Ababa, Ethiopia

Addis Ababa CBD skyline

Addis Ababa plays a vital role in East Africa's economy as a hub for trade and commerce. Its central location and development initiatives make it a key player in fostering economic integration and facilitating investments within the region.

Dar es Salaam,Tanzania

Dar es salaam, Tanzania Skyline

Dar es Salaam is crucial to East Africa’s economy due to its status as the largest port city in Tanzania. It serves as a primary transit point for goods entering and leaving the region, supporting trade and boosting economic growth.

Kampala, Uganda

Kampala contributes to East Africa's economy through its vibrant market activities and diverse industries. Its growth in sectors like agriculture, manufacturing, and services enhances regional trade and investment opportunities.

Mombasa, Kenya

A view of Mombasa from the Tusks

Mombasa is essential to East Africa's economic landscape as a major port city facilitating maritime trade. Its economy is driven by shipping, tourism, and agriculture, significantly impacting trade flows within the East African Community. Its the largest port in East Africa

Inter-Country Trade Unions in East Africa

1. Common Market for Eastern and Southern Africa (COMESA) - COMESA is primarily an economic organization that facilitates cooperation among member states, including initiatives that address labor and trade issues.

2. East African Trade Union Confederation (EATUC) - EATUC represents trade unions from East African countries, advocating for workers' rights and promoting regional cooperation.

3. International Trade Union Confederation (ITUC) - ITUC is a global organization that includes many member unions from East Africa and addresses cross-border labor issues

Population

#	Country	Population (Millions)
1	Ethiopia	107.4
2	Tanzania	65.23
3	Kenya	52.44
4	Sudan	49.14
5	Uganda	46.85
6	Madagascar	30.59
7	Somalia	16.5
8	South Sudan	15.45
9	Rwanda	13.86
10	Burundi	13.37
11	Mauritius	1.26
12	Djibouti	1.04
13	Comoros	1.03
14	Seychelles	0.1
	Total:	424.26

Inflation rate

Sudan has the worst inflation due to ongoing Civil war ,While South Sudan is due to decline in oil revenues due to factors such as Currency depreciation

Inflation Data Table

No.	Country	Inflation Data
1	Sudan	145.5
2	South Sudan, Republic of	54.8
3	Ethiopia	25.6
4	Burundi	22
5	Madagascar	7.8
6	Kenya	6.6
7	Rwanda	5.8
8	Mauritius	4.9
9	Somalia	4.8
10	Tanzania	4
11	Uganda	3.8
12	Comoros	2
13	Djibouti	1.8
14	Seychelles	-0.2
15	Average	20.66