I am pretty sure your perception about Africa as probably poor will change after reading this piece. The economy here is mixed and has a relatively high GDP compared to other African countries. Modified date: January 7, 2021. The country has a blended financial system. The most common statistics are those relating to Gross Domestic Product GDP. A country with a population of more than 200 million citizens, Nigeria is an essential part of Africa’s economy. Farming accounts for almost one-quarter of Uganda’s GDP. Other than Cairo, Giza and Alexandria are also major cities in Egypt. During elections, people cast their votes in The Gambia by dropping stones in holes. Top 10 Richest Countries in Africa 2020 by Gross Domestic Product(GDP) per capita Forbes. The … Uganda is a landlocked country in East Africa whose diverse ecosystems include the snowcapped Rwenzori Mountains and the massive Victoria Lake. However. 10. Equatorial Guinea is the Richest Country by GDP per Capital. Top 20 Richest Countries In Africa By GDP Per Capita. The list of the Richest Countries in Africa is drafted on the basis of report given by the International Monetary Fund assessments on the basis of the report given by the United Nation Organisation and CIA “World Fact Book” on the world population by gender and female to male ratio are given below: 10. Seychelles. Awesome! The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. Rwanda has a population of about 12 million people. Tanzania is the most endowed in mineral resources I in Africa. Based only on GDP, Nigeria is the richest country in Africa in 2019. Located in the Northern part of the continent is a country that goes by the name Algeria. However, South Africa is enlisted among the top 10 countries in the world for income inequality. 6) South Africa – $11,914 (GDP per capita) South Africa is a dual economy with one of the world’s highest inequality rates, owing much to the history of exclusion within the country. In spite of the plentiful natural resources and proximity to the sea, huge population, desertification and diminishing water levels of the Nile are the foremost factors intimidating the economy of this nation. The country’s neighbors are Somalia, Ethiopia, Eritrea, and the Red Sea. How well Do you know the new Safaricom CEO? There are five regions in total in Africa: Southern Africa, East Africa, West Africa, Equatorial Africa, and the African Transition Zone. A Rai of Light copyright © 2020. The mountain interior is made up of National Park Black River Gorges, with rainforests, cascades and animals like the flying fox. All Rights Reserved. It ranks as the second richest country of Africa, with a reported GDP Per Capita of $34,865. In this article, we shall list the top 10 richest countries in Africa from 2020 to 2021. There is a common perception that Africa is rich in resources but has failed to use them to fund the creation of prosperous societies. Mogadishu being its capital city the country has a population of about 15 million people. Officially known as the Republic of Tanzania and has a total population of 57.31 million led by John Magufulli as the president. Cairo is the hub of Egypt’s economy. Yes,I’m surprised Egypt isn’t #1 my next candidate for #1 was South Africa or Morocco, oh,my my my beautiful Ethiopia . Thanks a lot hey! South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. Seychelles – Richest Country In Africa. The capital and also the largest city in Comoros is Moroni. Nigeria is poor,we are sufferings,u lair, south African is the richest not Nigeria, useless politician and leadership,are killing us you people should come to our rescue, Yeah we are not poor, we are very rich self it’s just that our politicians are greedy and corrupt, Nice piece of information. Conversely, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. Seychelles is the richest country in Africa 2021, with a GDP of 31.80 thousand per capita. They paying us peanuts for our resources, then we buy it back at exorbitant prices. Crude oil accounts for more than 85% of all foreign exchange and revenue generation is tied to fluctuations in the price of oil. “Les Eléphants” (the elephants) is the nickname given to the Ivory Coast National Football team. Equatorial Guinea is one of the African countries with small land areas and meagre population estimates. 10. Zimbabwe is an East African landlocked country known for its stunning scenery and abundant wildlife, many in parks, reserves and safari regions. | Africa's Richest, Pingback: How Big is Africa? Nigeria comes first among the richest countries in Africa with the most recent GDP figure standing at $504.57 billion. Here are the top 10 countries of Africa which are thriving: 10. Its wealth grew 195%. Sad thing is that corruption that is rampant in African nations has nothing to do with Africans. Uganda is widely seen as a peaceful country with low rates of crime. The Wealth Record. If the can finance research and technology and help the youth, subsidize on farm inputs in 8 years Kenya will be top 3 ! […] Much of the economy here depends on industries like oil, tourism, and automobile parts. It is bordered on the west by Ethiopia, the north by the Aden Gulf, the east by the Guardafui Channel and the southwest by the Somali Sea. He owns Conoil filling station and over 5 oil blocks in the country's oil-rich Niger Delta region. A per capita of $15,000 means the nation is doing relatively well economically. am very informed now of our lovely continent’s (Africa) wealth. GDP: $444.916 billion (USD) Nigeria is not only the most populated country in Africa, she is but also, based only on nominal GDP, the richest country in Africa in 2019. Here are some facts about West African Countries: Here is a map of West Africa that clearly shows the countries in West Africa. They exports gold, coffee beans, and some other products. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. The data for these charts are from New World Wealth and are in the Africa Wealth Report 2018. … Equatorial Guinea tops the list of African nations in terms of GDP per capita. Today, we’ll take a quick glance at the top 10 richest countries in Africa (2016); let it be safe to say that the criteria to come by this list is the country’s GDP and the Purchasing Power Parity (PPP). It is well thought-out to be a middle-income country. Top 10 Richest African Countries. This country is an exception in Africa. Top 10 Richest African Countries. List Of The Top 10 Richest Countries In Africa 2020 Per Capita: 1. List Of The Top 10 Richest Countries In Africa 2020 Per Capita: 1. Only an inch per year of rain in Egypt falls on average. There are five regions in total in Africa: Southern Africa, The last ship of slaves departed from Benin(then known as Dahomey) for. Tunisia is located in North Africa. The 10 Richest Countries in Africa. All figures are from the 2017 International Monetary Fund data. Gitega is the capital city to the landlocked country Burundi with a total population of 10.86 million people. Ancient Egyptians invented so much, like paper, pens, locks and keys and toothpaste, that still remains useful to us today. The GDP figures highlighted below were been extracted from the International Monetary Fund (IMF) World Economic Outlook in the fourth (4th) quarter of 2018 and projections made by the World Bank for 2019. Djibouti has quite a developed … We’ve compiled a list of these top 10 richest African countries based on their current economic performances and their GDP per capita1. Brewer models were even kept in graves to ensure that the deceased had a lot of beer in the world to come. Metals and gemstones are vital to the economy of Botswana. The existence of hundreds of thousands of land mines has left Eritrea facing environmental issues such as continuous deforesting, desertification, soil erosion, overgrazing, and major land losses. Overspending on the part of the government has been cited as a major challenge. French is the official language in Guinea. The Nigerian market is seen as one of Africa’s largest markets, but this is more of a consumer market that buys more than it sells. Soccer is Guinea-Bissau’s most popular sport. Kenyans are known for being great long-distance runners. Equatorial Guinea is the richest country in Africa in terms average PPP thanks to its massive natural reserves compared to the population that is just three quarters of a million. Djibouti GDP per Capita: $5,855. South Africa ($12,400) 8. The Wealth Record. Mansour gained an engineering degree from North Carolina State University in 1968, once worked as a busboy in … If you are going to ask “which is the richest country in Africa?” then this article presents the name of top 10 richest countries in Africa along with their per capita income i.e. It has a population of about 29.67 million and its capital city is Maputo (which was once known as “Lourenço Marques” from 1876 to 1976). How many countries are there in the world? Among African countries, Mauritius also experienced the highest growth in wealth over the decade 2007-2017 (see middle chart). Ooooooh. Mayotte is an Indian Ocean archipelago between Madagascar and Mozambique’s coast. I learnt a lot from this article. Mauritius is an island nation sitting on the Indian Ocean. Let’s roll! The warm ocean water, beautiful beaches and pleasant climate are a crucial tourist attraction in Mauritius. With a population of about 47 million people, Kenya has Uhuru Kenyatta as their leader. More than 85% of the population is Roman Catholic and 95% of the population is Christian. There are several ways to list countries in terms of their wealth. In 2011, it achieved independence from the Republic of Sudan and is now widely recognized as the newest sovereign state. Although this figure may appear to be high, on the UN’s Human Development Index, Equatorial Guinea ranks 136th. There is 795 sq km of unclaimed land at the border between Egypt and Sudan. Thank you for a very informative article it’s eyes opener. A significant quantity of goods consumed here is imported, hence highly priced. However, income inequality is also rampant. Funny thing is that most of Africa doesn’t know it either. I love it. Who is the richest man in Africa? This contributes to the highest GDP per capita in Africa … There still a number of African countries that have done better than the others. Djibouti has a population of about 1 million people. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. After they cross the age limit, they can go acquire formal education. The continent boasts a wide range of natural resources. Africa remains the Undeveloped and poorest continent. The cost of living is comparatively high. Ethiopia is one of the oldest countries in the world and its territorial scope has varied throughout its thousands of years. Average … Kenya’s capital city is Nairobi which has a total population of 4 million people. However, the country’s politicians are known to be corrupt and the wealth is not distributed fairly. There are several ways to list countries in terms of their wealth. The most common statistics are those relating to Gross Domestic Product GDP. The GDP figures highlighted below were been extracted from the International Monetary Fund (IMF) World Economic Outlook in the fourth (4th) quarter of 2018 and projections made by the World Bank for 2019. Appreciate it. Gabon ($18,860) 4. Most of the country’s villages have no electricity or running water and there is not enough infrastructure for the country with just 10,000 kilometers of asphalt roads. South Sudan’s capital city is Juba and the country has a population of about 12.58 million people. Seychelles has a population of about 100,000 people. South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. Namibia sits in Southern Africa. With all this wealth, every single African person living in their country in Africa should be walking around wearing gold a jewels just like it’s another item of everyday clothing. This list of richest countries in Africa will reveal some of the best kept secrets of the enormous wealth that flows in this black continent. They include resources such as uranium, gold, diamonds, copper, and, to a lesser extent, gold. This is wonderfully made. Required fields are marked *. The other top 10 countries all have per capita wealth of under $10,000. GDP: $51 Billion. It’s such a pity that this wealth is not channelled properly and funnelled down to every African citizen, Your email address will not be published. The Official languages include French, Comorian, and Arabic. We lay a feature in the high, I have a vague memory of once seeing Equatorial Guinea listed as the richest country in Africa; and then later taking a quiz on this site where it was not listed in the top 5 or top 10 richest, and commenting on this fact; and now on this quiz they're listed again in the top 3. In ancient Egypt, men were able to take time off to take care of daughters and wives. The Central African nation is relatively small, with a population of little more than 1.2 million people and a landmass covering 10,830 square miles. The economy here is mixed and has a relatively high GDP compared to other African countries. This is rather unfair, seeing as how the continent fared very poorly in the Age of Imperialism. Niger Republic; Niger Republic is a West African country that is rich in uranium, coal, cement, and gold. Yes, I was still under 10yrs old. The other top 10 countries all have per capita wealth of under $10,000. Rich people wore wigs of human hair and poor people wore wigs of wool or fur. Namibia ($9,800) Equatorial Guinea ($38,000) Equatorial Guinea is the richest country in Africa … Nigeria: 1,900,000 barrels/day; Nigeria is, beyond a reasonable doubt, one of the most important countries in Africa. But growth slowed to 3.3%, or $69 billion, a year between 2010 and 2015. The country’s economy is largely based on tourism, by an overwhelming margin. Tanzania has so much resources which some of them are yet to be discovered. Many poorest countries found in the continent of Africa. 12% of the labor force in Egypt is contributed by tourism. This is quite easy to believe because the country’s population is far below a million inhabitants while the GDP hovers around $2.4 billion. In the long term, three powerful positive trends are likely to sustain Africa’s growth. A home for extraordinary people around the world. Nobody told me Doha looked like this , Oh Nepal ♥️ It comes in first place with a GDP per capita of $34,865. Seychelles is characterized as a highly developed country. They exports gold, coffee beans, and some other products. The Republic of Djibouti is a country located in the higher part of east Africa, called the Horn of Africa. Kenya has many tourist attractions and also know to be the only country with a national park in the city. Comoros is among the world’s least developed countries with 45 percent of the population living below the poverty line and ranked third from the last in the 2013 Global Hunger index. Mostly, the African countries economy are built on agriculture, human resources, industry, and trade. Here are the Richest countries in Africa. I spent 5 years in Tanzania as a young’un in the 80s and loved it. Lebanon ($13,100) 7. The topography of the highlands of Malawi, a landlocked country in the Southeast, is distinguished by the Great Rift Valley with its massive Lake Malawi. Along the way, I share my journey and strategies on Travel, Art and Life. It has a population of fewer than 1 million people and uses Euro as their national countries. Equatorial Guinea is the Richest Country by GDP per Capital. This is a List Containing The Richest Countries in Africa 2020. Seychelles; GDP per capita: $30,505. Africa as a continent has all the resources, we need. Seychelles are an archipelago of 115 islands off East Africa in the Indian Ocean. Is Africa Big Compared to other Countries | African Hype, Harmonize Kushoto Kulia Lyrics and Download | African Hype, Top 10 Richest Presidents in Africa 2019 | African Hype, Beautiful African Women Photos | Where to Find them? Ethiopia is also expected to be in the top 5 or even overtake Kenya if Kenya slumbers a bit. It is therefore no surprise that uranium brings in the biggest chunk of Niger’s national income. The Central African nation is relatively small, with a population of little more than 1.2 million people and a landmass covering 10,830 square miles. Here’s the top 10 Richest Countries in Africa as of 2015 ranked by GDP per capita: 10) Algeria – $7,500 (GDP per capita) Algeria is the second largest oil producer in Africa, and this accounts for the majority of the country’s economy generating 70% of total budget receipts. In that mine uranium is extracted. In the table below are top 20 richest countries in Africa in the year 2020 as per their Gross Domestic Product (GDP). Fantastic site! The Sahara and the Libyan Desert are two major desert regions in Egypt, covering most parts of the county. Zambia is a landscaped country in East Africa with rough terrain and wildlife, and numerous parks and safari areas. Conventionally, the state has played a pragmatic role in the economy of Algeria. Country: Capital City : Population (2019) Gross … It is the tenth richest country in Africa on this list of top 10. Seychelles. Its … Good research but more resources are found in Tanzania, Thanks for the info and I’m ethiopian.I hope by the next few years Ethiopia’s growth rate becomes increase because of THE GREAT ETHIOPIAN RENAISSANCE DAM.again thank u Raihaan, THE GREAT ETHIOPIAN RENAISSANCE DAM(GERD) change the economy of ETHIOPIA and puts ethiopia top 5 richest african country I hope it will happen.thank u for the info Raihaan. Pepi II was allegedly sprinkled honey on the naked slaves, drawing flies from him highest per! Income comes from agriculture and small industries malawi ’ s largest crude oil accounts for more than 85 of! Invented so much, like paper, pens, locks and keys and toothpaste, that remains... 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Africa whose long coastline has popular beaches, coral reefs, natural parks, and a of! Yeah welcome Bongo land.., thank you very much for this article among the top five many. Were often capsized by them economy has diversified and toothpaste, that still remains to..., we ’ ve compiled a list of the population is primarily due to rightful., how Big is Africa mauritius, one of the Gambian President 1,900,000 barrels/day ; nigeria is one the!
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