top 50 richest countries in africa

Today, almost every country in Africa utilizes its natural resources to the fullest. Abundant with natural resources like gold and internationally known as the 2nd largest producer of cocoa, Ghana’s economy has over time survive the attack the world economic forces are pulling on her due to her large area of investment, conducive environment for investors, reduction in the rate of corruption, Ghana was recorded to be one of the Africa countries that is less corrupt. With more than 28 million people living within its borders, Ghana is one of the most populated African nations. This country has a diverse stream of revenue, and this makes them one of the wealthiest countries in the continent. Due to the result of poor management and corrupt practices, Botswana GDP fell to the least and ranked them the poorest country some years back, as a result of change in government, less corrupt practices, deliberate use of manpower in a manner of generating more income, natural deposit of coal which serves as raw material for diamond, has placed this country at a focal point of the most rapid and fast-growing nation with a good practices. Follow me as I take you on a tour through the top 50 richest African countries, based on GDP per capita. Top 5 richest Arab countries in the world (Updated 2019) 2. Today, Morocco is the second non-oil nation to have made it to a top spot in the list of richest countries in Africa. With a predominantly white population, Egypt is located at the northeast corner of Africa. 10. Over the years, there seem to be some improvements. This country as small as it is, it is having the most stable, and best economy in the whole of Africa, this is own to her well-planned income from abroad, a well-structured and less corrupt countries, her citizen enjoy the benefit of good government and respect to that, they work more on fishing in which they are taking the advantages of Indian ocean close to the country, fish has been exported overtimes in which this is putting smile on their GDP on yearly basis. They also export other notable things like cargo ships and diamonds. Seychelles. Over the last decade, they have experienced significant growth in various sectors and industries. Population density which always served as a deterring factor to economic growth was totally absent in Namibia, production of raw material for nuclear equipment, explosive and other ammunition, in which most developed countries invest in preparation for III world war. On the fourth position in the list of richest nations in Africa, we have Algeria. Other sectors like mining, manufacturing, water supply, and natural gas supply make up the other part of their GDP. Once ranked among the poorest nations in the world, Botswana is now having one of the fastest growing economies on the planet. He is worth $1 billion. Following the fall of oil price in recent times, the economy of Algeria has been affected, but they still remain one of the richest countries in Africa. On the seventh spot in this list, we have Angola. Their telecommunications industry and their textile industry also brings in a lot of revenue for this nation. Amongst all the nations in this list, South Africa is the only one which generates revenues through diverse means in a balanced way. This has increased the GDP of this small country but in stature and economy well developed. Right from the days of Pharaoh, this nation has continued to remain a rich nation till date. 90% of Angola’s revenue in the sector of exportation comes from crude oil. Historically home to one of the very first civilizations, Egypt’s economy depends heavily on tourism as well as agriculture, media and natural gas. Equatorial Guinea is the third-largest oil producer in Sub-Saharan Africa, and it has capitalized on its rich oil reserves to achieve the top-ranked African GDP per capita: 28,712 Int$. JOHANN RUPERT – NW: $7.3 BILLION GDP per capita: $17,154.74. An extremely colourful place, full of wildlife and endowed with so many natural resources. From there, you can determine which states are wealthiest and then list the countries in descending order, from richest to poorest. With a few populations, Equatorial Guinea is a country leading other Africa country excluding Seychelles in term of economic stability and GDP per capita. Without wasting time, let us go through the list of the top 10 Richest countries in Africa. Notify me of follow-up comments by email. Top 50 Richest Countries In The World 2020 – New year started with most individual tagging it as their year of success but what most people fail to realize is a successful nation is a product of the people in it and vice versa, hence the reason why a country with a thriving economy is most likely to produce affluent individuals. Petroleum accounts for 50% of foreign exchange in Ghana. Richest People In Africa. With a current GDP that is just slightly below $450 Billion, Nigeria sits firmly as the richest country in the Africa. This ancient country is the place where coffee beans originated. With an energy industry contributing more than 90% of the GDP, especially from exports of fossil fuels, Algeria is the 9th richest country in Africa. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). With a significantly developed economy, World-class infrastructure, and a promising GDP, Algeria is indeed a country to visit in Africa. In second place in the list of richest countries in Africa, we have South Africa. His ... Johann Rupert – NW: $7.3 Billion. Required fields are marked *. The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. Africa is not entirely backward because of the presence of some countries. With so many technophiles, the technological sector of Nigeria is indeed experiencing some improvements over the recent times. He is the son of the former president of the county Omar Bongo. This huge GDP is actually a reality in Nigeria due to the abundance of natural gas and crude oil. By. Making them the third richest country in North Africa. ... Equatorial Guinea is a country in Central Africa. This country is a hub for national parks and reserves. Tanzania. SA was Africa’s largest economy until it was recently displaced by Nigeria. This makes Nigeria the largest exporter of oil in Africa as a whole. A detailed list of the current top 20 poorest countries in Africa. Ghana is a country that is filled with so many natural resources. But Africa is not so awesome in every other way, being home to some of the poorest people, races, and nations of the world. They are an oil exporting giant and owe their position on this list to the abundance of this mineral. Africa is a very rich continent in landmass, natural resources and human resources. Tags: Top 50 Richest Countries In Africa Based On GDP Per Capita, Your email address will not be published. With a population of over 200 million people, Nigeria is the largest consumer retailer in Africa. This country is blessed with crude oil reserves and its economy relies solely on them. Ranges from Hollywood, music industry, textile industry, the production rate of raw material in top notch was recorded, this has added value to their gross domestic point and this places them in the top list of the richest Africa countries. Popularly known as the giant of Africa, Nigeria has the largest economy on the continent. This list uses the GDP at Purchasing Power Parity, as per the CIA World Factbook in 2012, to rank these African countries by wealth. The country has a GDP of about $11,528. In this post, we are going to look at the top 10 Richest countries in Africa. Interesting fact about Africa, in one of the countries in Africa we have the world 5th richest man, richest woman in the world, best players just to mention in few. Aside from this, South Africa is also blessed with gold, coal, diamond, iron ore, platinum, and a few other natural resources. The coastal waters of the nation are extremely rich in fish, even though the foreigners often exploit these waters and it threatens the rise of income for Mauritania. Located in the northern parts of the continent, Algeria has the second-best economy in the region. This country primarily depends on livestock and agriculture, which is why it reached the high place in our richest country in Africa rating. With a statistics of 54 known countries and a population of over 1.2 billion, it is regarded as the second largest continent in the world.After a thorough check of each country’s Gross Domestic Production (GDP), a list of 20 of the wealthiest countries in Africa was deduced. All figures are based on the latest annual report by the International Monetary Fund (IMF) and the World Bank using GDP current prices in U. S. dollars. This country has such a huge GDP as a result of a perfect combination of their mining, tourism, financial services, and manufacturing. It comes... 2. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. His ... JOHANN RUPERT – NW: $7.3 BILLION. Your email address will not be published. On the tenth spot in this list of the top ten richest countries in Africa, we have Tanzania. Today, they are one of the largest producers of phosphorus in the world. With less than 2 million people, Eswatini is heavily dependent on subsistence farming. . South Africa is one of the largest exporters of platinum and gold. As a matter of fact, crude oil and natural gas account for a whopping 70% of the total GDP of Algeria. The following are the richest countries in Africa based on GDP per capita. NICKY OPPENHEIMER – NW: $6.8 BILLION. Owing all its economic powers to the mining and exportation of diamonds, Botswana is the second largest diamond producer in the world. Dangote refineries are expected to come online in 2017. Despite going through several crises, corruption and troubles, Nigeria has managed to remain the richest country in Africa. As part of the good economy experienced by the citizens, the rate of unemployment is at its lowest and barest minimum. Seychelles is a home and destination of tourists from all parts and corners of the world. This is a list of the African nations ranked by Gross Domestic Product (GDP) at … This puts them at number four on this list of richest countries in Africa. 0 richest African countries, based on GDP per capita. If you are looking for the richest countries in Africa, then you are reading the right post. With an economy based heavily on mineral mining and exportation. Most of the country's adults are employed in the field of agriculture, which is considered as the leading source of income. In accordance with a report from OPEC, Nigeria records close to 2 million barrels of crude oil per day. With world class infrastructure, a developed economy, and a GDP of close to $360 Billion, South Africa is ranked as one of the fastest-growing countries in the world. He has been in power since 2009 October. Bata, Equatorial Guinea. This has increased the GDP of this small country but in stature and economy well developed. © 2020 ThingsToKnow Media Publishing™ - All Right Reserved. Aside from being the richest country in Africa, Nigeria is also the most populous African nation. South Africa boasts of developed tourism, mining, media and agricultural industries. Namibia sits in Southern Africa. Ali Bongo Ondimba ($1 billion) Ali Bongo Ondimba is the president of Gabon and among the top richest presidents in Africa. Finally, below are the top 20 richest African countries in terms of GDP per capita. This is actually one of the African countries with the biggest reserves of natural resources. With a current GDP that clocks over $90 Billion, Angola is ranked as the seventh richest country in Africa. Fossil fuels are adopted in biogas and as a result of different countries working tirelessly on how to generate power from fossil fuels and biogas, the demand for this has been high which pave way for the economic growth of the country. With an energy industry contributing more than 90% of the GDP, especially from exports of fossil fuels, Algeria is the 9. richest country in Africa. A Brand of Solorosco Web Service Solutions, (BN: 2741177). With a GDP that is already almost clocking $100 Billion, Kenya sits as the sixth richest nation in Africa. Today, they are well ranked as one of the richest countries in Africa. Ranking of the Richest Countries In Africa Based On GDP Per Capita. Nigeria is blessed with several natural resources like natural gas, crude oil, limestone, coal, zinc, iron ore and more. The 50 Richest Countries in the World. With a very vibrant economy making over $100 billion in gross domestic value, Tunisia is the 13. on this list of richest countries in Africa. Aerial view on the coastline of the Seychelles Islands and luxury Eden Island from Victoria... 3. Read on, for you will find both the answers to the above question and many other interesting facts about these rich African countries. 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Going to look at the number nine richest nation in Africa, makes! A few other products inputs from the agricultural sector, as well as a few other.. Africa and the only African on the coastline of the county Omar Bongo quarterly denotes...

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