{"id":41109,"date":"2025-01-15T12:48:00","date_gmt":"2025-01-15T17:48:00","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/posts-falsely-claim-ethiopia-overtook-nigeria-to-become-africas-fourth-largest-economy\/15\/01\/2025\/"},"modified":"2025-01-15T12:48:00","modified_gmt":"2025-01-15T17:48:00","slug":"posts-falsely-claim-ethiopia-overtook-nigeria-to-become-africas-fourth-largest-economy","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/posts-falsely-claim-ethiopia-overtook-nigeria-to-become-africas-fourth-largest-economy\/15\/01\/2025\/","title":{"rendered":"Posts falsely claim Ethiopia overtook Nigeria to become Africa\u2019s fourth-largest economy"},"content":{"rendered":"<p>\n<\/p>\n<div data-article-body=\"true\">\n<h3 class=\"mb-4 text-lg font-bold\"><strong>Nigeria\u2019s economy has struggled in recent years due to lower oil prices and tough economic reforms, resulting in a severe cost-of-living crisis. Posts circulating on social media claim this has caused Ethiopia to replace Nigeria as Africa\u2019s fourth-largest economy. This is false: the International Monetary Fund ranked Ethiopia\u2019s economy sixth and Nigeria\u2019s fourth in Africa at the end of 2024.<\/strong><\/h3>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cEthiopia has just displaced Nigeria to become the 4th largest economy in Africa as Nigeria now ranks 5th,\u201d reads the <a href=\"https:\/\/perma.cc\/MQ9N-MLCF\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:post;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">post<\/a>, which has been shared almost 3,000 times since it was published on January 5, 2024.<\/p>\n<figure class=\"relative mb-4\">\n<div class=\"relative\"><button aria-label=\"View larger image\" class=\"group absolute bottom-3 right-3 size-10 md:size-[50px] lg:inset-0 lg:size-full lg:bg-transparent\" data-ylk=\"elm:expand;itc:1;sec:image-lightbox;slk:lightbox-open;\"><span class=\"absolute bottom-0 right-0 rounded-full bg-white p-3 opacity-100 shadow-elevation-3 transition-opacity duration-300 group-hover:block group-hover:opacity-100 md:p-[17px] lg:bottom-6 lg:right-6 lg:bg-white\/90 lg:p-5 lg:opacity-0 lg:shadow-none\"><svg viewbox=\"0 0 22 22\" aria-hidden=\"true\" class=\"size-4 lg:size-6\" width=\"22\" height=\"22\"><path d=\"M12.372.92c0-.506.41-.916.915-.916L21 0l-.004 7.712a.917.917 0 0 1-1.832 0V3.183l-6.827 6.828-1.349-1.348 6.828-6.828h-4.529a.915.915 0 0 1-.915-.915M1.835 17.816l6.828-6.828 1.349 1.349-6.829 6.827h4.529a.915.915 0 0 1 0 1.831L0 21l.004-7.713a.916.916 0 0 1 1.831 0z\"\/><\/svg><\/span><\/button><dialog aria-label=\"Modal Dialog\" aria-modal=\"true\" class=\"fixed inset-0 z-[4] size-full max-h-none max-w-none bg-white hidden\"\/><\/div><figcaption class=\"relative text-sm mt-1 pr-2.5\">\n<p><span>Screenshot of the false X post, taken on January 13, 2025<\/span><\/p>\n<\/figcaption><\/figure>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">It also features an alleged quote attributed to someone named Okenyi Kenechi reading: \u201cFrom number one to 5 in just 10 years. The error of 2015 will take decades to correct.\u201d<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">In 2015, the Peoples Democratic Party <a href=\"https:\/\/www.straitstimes.com\/world\/africa\/nigeria-election-opposition-candidate-buhari-wins-by-257-million-votes-says-official\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:lost the election;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">lost the election<\/a> to the All Progressives Congress, which is still in power (archived\u00a0<a href=\"https:\/\/perma.cc\/F8DL-JS5A\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">here<\/a>).<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The claim also appeared on other social media platforms including <a href=\"https:\/\/mvau.lt\/media\/66a6ca28-cc1b-4f41-b93d-fa8432f0cfa0\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">here<\/a> and <a href=\"https:\/\/mvau.lt\/media\/c79da5b6-4e4b-48ab-87fe-aceca1e744e7\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">here<\/a> on Facebook and <a href=\"https:\/\/perma.cc\/WZ2A-NE6Q\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:on X;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">on X<\/a>.<\/p>\n<h3 class=\"mb-4 text-lg font-bold\"><strong>Africa\u2019s top economies<\/strong><\/h3>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Gross domestic product (GDP) is an indicator of an economy&#8217;s size. It <a href=\"https:\/\/www.rba.gov.au\/education\/resources\/explainers\/economic-growth.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:measures;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">measures<\/a> the value of goods and services produced in a country over a certain period (archived <a href=\"https:\/\/perma.cc\/PC2B-WBB9\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">here<\/a>).<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The International Monetary Fund (IMF), a global financial institution with 191 member countries, tracks and publishes economic data including GDP.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">South Africa, Egypt and Algeria were ranked as the top three economies in Africa, according to the IMF&#8217;s <a href=\"https:\/\/www.imf.org\/external\/datamapper\/NGDPD@WEO\/DZA\/ZAF\/MAR\/NGA\/EGY\/ETH\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:2024 GDP estimates;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">2024 GDP estimates<\/a> (archived\u00a0<a href=\"https:\/\/perma.cc\/4TH3-V3N4\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">here<\/a>).<\/p>\n<figure class=\"relative mb-4\">\n<div class=\"relative\"><img alt=\"&lt;span&gt;Chart showing the GDP of Africa\u2019s biggest economies in 2024. Source: International Monetary Fund.&lt;\/span&gt;\" loading=\"lazy\" width=\"960\" height=\"370\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/wHzim0dNiL6c3ilh2x0nRw--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM3MA--\/https:\/\/media.zenfs.com\/en\/afp_factcheck_us_713\/02524f9e308f6d7c002c656ac754bd8e\"\/><button aria-label=\"View larger image\" class=\"group absolute bottom-3 right-3 size-10 md:size-[50px] lg:inset-0 lg:size-full lg:bg-transparent\" data-ylk=\"elm:expand;itc:1;sec:image-lightbox;slk:lightbox-open;\"><span class=\"absolute bottom-0 right-0 rounded-full bg-white p-3 opacity-100 shadow-elevation-3 transition-opacity duration-300 group-hover:block group-hover:opacity-100 md:p-[17px] lg:bottom-6 lg:right-6 lg:bg-white\/90 lg:p-5 lg:opacity-0 lg:shadow-none\"><svg viewbox=\"0 0 22 22\" aria-hidden=\"true\" class=\"size-4 lg:size-6\" width=\"22\" height=\"22\"><path d=\"M12.372.92c0-.506.41-.916.915-.916L21 0l-.004 7.712a.917.917 0 0 1-1.832 0V3.183l-6.827 6.828-1.349-1.348 6.828-6.828h-4.529a.915.915 0 0 1-.915-.915M1.835 17.816l6.828-6.828 1.349 1.349-6.829 6.827h4.529a.915.915 0 0 1 0 1.831L0 21l.004-7.713a.916.916 0 0 1 1.831 0z\"\/><\/svg><\/span><\/button><dialog aria-label=\"Modal Dialog\" aria-modal=\"true\" class=\"fixed inset-0 z-[4] size-full max-h-none max-w-none bg-white hidden\"\/><\/div><figcaption class=\"relative text-sm mt-1 pr-2.5\">\n<p><span>Chart showing the GDP of Africa\u2019s biggest economies in 2024. Source: International Monetary Fund.<\/span><\/p>\n<\/figcaption><\/figure>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Nigeria\u2019s economy placed fourth with a GDP of $199.72 billion, followed by Morocco and Ethiopia.<\/p>\n<h3 class=\"mb-4 text-lg font-bold\"><strong>Previously first<\/strong><\/h3>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Nigeria was Africa\u2019s biggest economic powerhouse between 2012 and 2016, based on IMF data.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">It dropped to second place in 2017 but returned to pole position the following year and maintained this spot until 2022.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Egypt overtook Nigeria to become Africa\u2019s largest economy in 2023.<\/p>\n<figure class=\"relative mb-4\">\n<div class=\"relative\"><img alt=\"&lt;span&gt;Chart showing GDP data of Africa\u2019s current top three economies. Source: International Monetary Fund&lt;\/span&gt;\" loading=\"lazy\" width=\"960\" height=\"384\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/Qy3w8BXzzHc.0PUSnukvsQ--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM4NA--\/https:\/\/media.zenfs.com\/en\/afp_factcheck_us_713\/a11dd1ff3b3d089fe1278386afc9fd12\"\/><button aria-label=\"View larger image\" class=\"group absolute bottom-3 right-3 size-10 md:size-[50px] lg:inset-0 lg:size-full lg:bg-transparent\" data-ylk=\"elm:expand;itc:1;sec:image-lightbox;slk:lightbox-open;\"><span class=\"absolute bottom-0 right-0 rounded-full bg-white p-3 opacity-100 shadow-elevation-3 transition-opacity duration-300 group-hover:block group-hover:opacity-100 md:p-[17px] lg:bottom-6 lg:right-6 lg:bg-white\/90 lg:p-5 lg:opacity-0 lg:shadow-none\"><svg viewbox=\"0 0 22 22\" aria-hidden=\"true\" class=\"size-4 lg:size-6\" width=\"22\" height=\"22\"><path d=\"M12.372.92c0-.506.41-.916.915-.916L21 0l-.004 7.712a.917.917 0 0 1-1.832 0V3.183l-6.827 6.828-1.349-1.348 6.828-6.828h-4.529a.915.915 0 0 1-.915-.915M1.835 17.816l6.828-6.828 1.349 1.349-6.829 6.827h4.529a.915.915 0 0 1 0 1.831L0 21l.004-7.713a.916.916 0 0 1 1.831 0z\"\/><\/svg><\/span><\/button><dialog aria-label=\"Modal Dialog\" aria-modal=\"true\" class=\"fixed inset-0 z-[4] size-full max-h-none max-w-none bg-white hidden\"\/><\/div><figcaption class=\"relative text-sm mt-1 pr-2.5\">\n<p><span>Chart showing GDP data of Africa\u2019s current top three economies. Source: International Monetary Fund<\/span><\/p>\n<\/figcaption><\/figure>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">This data negates the second part of the claim, which states that Nigeria went from being Africa\u2019s largest economy to the fifth largest in 10 years.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Instead, IMF data shows that Nigeria went from being the largest economy to the fourth largest in 10 years.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">You can find all of AFP Fact Check\u2019s debunks on claims from Africa <a href=\"https:\/\/factcheck.afp.com\/list\/regions\/Africa\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">here<\/a>.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.yahoo.com\/news\/posts-falsely-claim-ethiopia-overtook-165756950.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria&rsquo;s economy has struggled in recent years due to lower oil prices and tough economic reforms, resulting in a severe cost-of-living crisis.<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/posts-falsely-claim-ethiopia-overtook-nigeria-to-become-africas-fourth-largest-economy\/15\/01\/2025\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":41111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/41109"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=41109"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/41109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/41111"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=41109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=41109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=41109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}