Africa Eastern and Southern | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Africa Eastern and Southern
Records
63
Source
Africa Eastern and Southern | GDP (current US$)
18478095142.178 1960
19366314294.088 1961
20506467177.87 1962
22242734491.041 1963
24294329779.904 1964
26619560806.504 1965
28732792825.156 1966
31592963095.075 1967
34216506003.772 1968
38498685902.32 1969
41938907715.592 1970
45920167032.339 1971
49440744172.338 1972
64933825429.426 1973
79888146173.009 1974
84955085378.787 1975
85050300129.217 1976
94566922081.613 1977
105623414443.52 1978
125656371097.88 1979
166475050971.98 1980
173673510912.35 1981
164114068718.6 1982
175108664048.27 1983
162752141155.35 1984
135795509169.57 1985
153368683414.31 1986
186594742538.67 1987
205635932770.81 1988
218577418670.3 1989
254673510115.59 1990
275622021261.09 1991
240210577721.91 1992
238353057845.69 1993
241158029890.41 1994
270813961389.26 1995
268992901985.37 1996
284065411886.66 1997
267286689939.3 1998
263674195227.71 1999
285403765401.25 2000
260218617002.67 2001
267142068310.11 2002
354907412306.55 2003
441359590323.39 2004
514927086452.79 2005
578633287253.35 2006
664099392606.4 2007
711800460143.43 2008
723512528253.91 2009
867040920627.22 2010
971667511047.11 2011
979996860991.41 2012
986342932619.11 2013
1006992481353.9 2014
932513471557.12 2015
890051427266 2016
1028394291260.6 2017
1012521425296.3 2018
1006191000190.5 2019
928880235176.59 2020
1086530704900.5 2021
1185137703651 2022

Africa Eastern and Southern | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Africa Eastern and Southern
Records
63
Source