south africa has the largest economy in africa.
what country has the largest economy in africa?
south africa
currently, no country in africa has a permanent seat on the security council. although no one nation from africa has formally been put forward as a candidate for membership on the security council, algeria, egypt, ethiopia, kenya, nigeria, and south africa are seen as the strongest choices. algeria has gained a great deal of respect for its neutrality over the years and its great commitment to african development; egypt has the second-largest economy in africa and the biggest military on the continent, was one of the founding members of the united nations, enjoys great influence in africa and in the arab world, and hosts the headquarters of the arab league; ethiopia was also one of the founding members of the united nations and holds the seat of the african union commission; south africa has the third-largest economy on the continent; and nigeria is the most populous country in africa, has the continent's largest economy, and is one of the largest contributors of military and civilian personnel to un peacekeeping missions.
reform of the united nations security council
goldman sachs includes the country in its list of the "next eleven" economies but china and india have emerged as major economic competitors. goldman sachs estimates that by the year 2050, it will be the 20th largest economy in the world. hsbc also projects the philippine economy to become the 16th largest economy in the world, 5th largest economy in asia and the largest economy in the south east asian region by 2050. the philippines is a member of the world bank, the international monetary fund, the world trade organization (wto), the asian development bank which is headquartered in mandaluyong, the colombo plan, the g-77 and the g-24 among other groups and institutions.
philippines