Nigeria is rated as the best economy in Africa based on the Gross Domestic Product (GDP), according to a report by Economic Confidential.

Rated by the International Monetary Fund (IMF), Nigeria has emerged as the best country with GDP in Africa. The country also embarked the rank in the world's top 26 economies with an average of USD442,976 GDP, as per the report.

As per the reported ratings by IMF, the United States (US) stands first with USD20,807,269, followed by China in the second place with USD14,860,775, and Japan on the third USD4,910,580, Germany on fourth with USD3,780,553 followed the United Kingdom (UK) in the fifth place with USD2,638,296.While others are India USD2,592,583, France USD2,551,451, Italy USD1,848,222 and Canada USD1,600,264. Nigeria embarked the 26th place USD442,976 led by Belgium with USD503,416.

Reportedly, the countries as per the ratings are sorted by nominal GDP calculations from financial and statistical institutions calculated at government official exchange rates or market.

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