Africa's race to $1,000,000,000,000

April 28, 2015 02:47

Nigeria is set to be the first African country with an economy larger than $1 trillion, according to the latest projections from the US Department of Agriculture.

Africa's most populous nation, which recently held peaceful elections, revamped its gross domestic product data in 2014 and pulled ahead of South Africa to become the continent's largest economy with a GDP of $469 billion.

Between now and 2030, experts predict annual growth rates as high as 7.92% resulting in a GDP of $1.05 trillion.

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