Economy of Africa

The continent of Africa has a diversified developing economy across the second-largest continental land-mass in the world. It is the world's 5th-largest continental economy with 54 national economies and a large informal economy. With a population of 1.47 billion, the African economy generates $2.83 trillion in nominal gross domestic product (GDP) and over $10 trillion in purchasing power parity (PPP) GDP. It is home to many of the world's fastest-growing economies due to its abundant emerging markets. They are economically integrated within their supranational organization, the African Union (AU).