Ethiopia. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. Gabon. It’s the 3rd richest country in the world in 2021. Kenya remains in the bottom group of the Human Development Index and is an emerging market. More quiz info >> First submitted: April 21, 2017: Times taken: 19,900: Rating: 4.87: Quiz and answer stats >> Start Quiz . With constant growth, it is estimated that the African economy will reach a GDP of $29 trillion by the year 2050. Nominal GDP in billion dollars = 51.62. With the GDP … There are so many plants and flowers that the city can be called Eden. Angola is an OPEC member and subject to its direction regarding oil production levels. What are the richest countries in Asia based on GDP per capita? Quizzes . A major world power for a long time that has helped shape the world into what it is today. Kenya got its independence from the British in December 1963. By. And the United States had the largest economy, ranked by total GDP. Facebook. Good to know: all GDP figures come from the International Monetary Fund (IMF) World Economic Outlook. ... Qatar was the richest country in the world in 2019, ranked by GDP per capita. 1. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges Full List: The World's Highest-Paid Actors And Actresses 2017 Meet The Richest Self-Made Women On Wall Street 2017 The data has been collated from several sources including that from the IMF. by Mandla on. By Uzonna Anele. Angola has a population of 25.8 million, and it is a multiethnic country. It is surprising to note that when you query Google for the “top 10 richest countries in the world 2019”, you will be presented with the list which has a small country like Qatar on top, Luxembourg as second, Singapore as third, and so on. South Africa is in the list of the top 10 countries that have the highest income inequality. According to the World Bank, Nigeria is an emerging market. For a long time, South African cities have dominated the top 10 list of Africa’s richest cities. Seychelles – Richest Country In Africa. Swahili is the national language. The Federal Democratic Republic of Ethiopia, which is how Ethiopia is known officially, is a country located in the Horn of Africa and has its borders with Djibouti and Somalia to the east, Sudan, and South Sudan to the west, and Kenya to the south. This is the Forbes list of 10 largest companies in Africa 2019. He inherited a textile and edible oils group from his father and has expanded its operations. Over half of GDP comes from the service sector and a quarter from the mining, construction and manufacturing industries. Richest countries in Africa: Equatorial Guinea is a country located in Central Africa. Save my name, email, and website in this browser for the next time I comment. Angola gained independence in 1975 but was engulfed in civil war. What are the richest countries in Africa based on GDP per capita? In 1974, the monarchy was overthrown and since 1991 has been ruled by a political coalition. Purchasing power parity. The list below shows the top 20 richest countries in Africa alongside with their GDP (in billions) as at the expiration of December 2017. Nigeria is the richest country in Africa based on GDP in 2019. 10 10 Libya GDP (PPP): $76.52 billion. Its largest trading partners for exports were South Africa, Switzerland, and China. Sadly, he dropped from number 2 from the top 10 richest men in Africa 2019 to land at number 3 this year. For most, the standard of living remains is very low, and life expectancy is among the lowest while infant mortality is among the highest in the world. South Africa . Using Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP), Equatorial Guinea ranks as the richest country in Africa as of 2019 with a GDP (PPP) per capita of $34,865 while the Central African Republic is the poorest with a GDP (PPP) per capita of $681. We look forward to your active participation. Top 10 RICHEST PRESIDENTS IN AFRICA; Top 50 Richest Musicians in Nigeria; Top 10 Poorest States in Nigeria; Tags: Top 10 Poorest Countries in Africa 2020, which country is the poorest in Africa, African Most poorest countries. The United States is Nigeria’s largest foreign investor, and the International Monetary Fund (IMF) projects an economic growth rate of 8-11 %. TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. Kumasi (Ghana) Kumasi is the capital of the Ashanti region in the Republic of Ghana. May 9, 2019 May 9, 2019 Admin Africa / Top 10. The country has a GDP of about $11,528. However, due to its huge population, the GDP per capita is one of the lowest in the world. Top 20 richest countries in Africa: what is Nigeria's ranking? 1. In this article, you'll discover the top 10 most beautiful & developed countries in Africa. ... Aliko Dangote has donated over $100 Billion to solve poverty, education and health problems in his … Ethiopia is where the remains of the first human existence in the world have been found. Related Posts. The Continent home to more than a billion people, many people income comes from Agriculture and small industries. The economy of Egypt rests on agriculture, petroleum, natural gas, and tourism which include revenues from the Suez Canal. Nigeria, also known officially as the Federal Republic of Nigeria, is a country situated in West Africa. Namibia sits in Southern Africa. Top 10 richest countries in Africa 2019. South Africa - $14.042 8. It is considered as a middle-income country and Services account for 50% of the GDP, followed by manufacturing at around 25%. Mohammed Dewji of Tanzania is the youngest billionaire in Africa, at just age 43. … Mohammed VI of Morocco is the richest president in Africa with an estimated net worth of about $5.8 billion. Its capital is Cairo. #6. 20. Egypt’s economic growth has been robust, averaging 5.3% in 2017/18; a rate that was sustained through 2019. Seychelles. Ghana has a diversified ecology and geography ranging from coastal savannahs to tropical rain forests. Since the second century BC, Ethiopia has had a system of monarchy. The country is sparsely populated with a total population of roughly two million. During the … 10. It also ranks high as a safest tax haven due to its tax-friendly policies. Top 10 richest countries in Africa (Updated 2019) 1. GDP of Nigeria: $397.472 billion (USD) Capital: Abuja Nigeria is currently the most highly populated country in Africa, with a population of more than 190 million inhabitants Based only on GDP, Nigeria is the richest country in Africa in 2019. Here we discuss the 10 wealthiest countries in Africa 2020 and the nature of their economies. Morocco is a member of the African Union and Arab League. Professional Employer Organization (PEO) in Africa, Administrative Service Organisation / Management Company, hire people without having a registered entity, 4 Tips to Manage your Workforce in Africa, 5 signs you should outsource your HR operations in Africa, Always available for your queries and reports, Full compliance with local legislation’s – expert across Africa, Team dedicated to quality and flexibility to meet your requirements, Up to date statutory changes through multiple sources, Professional indemnity and employer liability. Billionaire president: List of Donald Trump's luxurious houses worth millions of dollars (photos) Nigeria ($375.771) South Africa ($349.419) Egypt ($235.369) Algeria ($170.371) Angola ($124.209) Sudan ($ 117.488) Morocco … Agriculture accounts for 15% of the GDP and employs about 40% of the population. Related Article: How To Start Palm Oil Business In Nigeria. Nigeria is currently the most highly populated country in Africa, with a population of more than 190 million inhabitants. Egypt - $14.028 9. Purchasing power parity. Figures are given in international dollars according to the International Monetary Fund.. There is a constitutional monarchy with an elected parliament in Morocco, and the predominant religion is Islam Morocco has a mountainous interior, deserts and a long coastline along the Atlantic Ocean and the Mediterranean Sea. GDP per capita: $237.44 . 20 Richest Countries in Africa and the GDP. Some people believe Africa constitutes the poorest continents but to contradict this notion, is a list of Top 10 Richest Countries in Africa 2019 And Their GDP. Rest of the population comprises of Whites and Europeans, Indians, and multi-racial. At the same time, it has a wide gap between the poor and the rich. The largest drivers of the African economy include agriculture, natural resources, and trade. Therefore, the largest company may not necessarily be the most profitable company in the world nor the most valuable in the market. Top 10 Richest People in Africa – 2019. ... Top 10 richest countries in Africa according to GDP per capita 10. These are publicly traded companies only and appear in the list of top 2000 largest companies in the world. Angola had human civilization since the earliest time and was ruled by the Portuguese from the 17th century. Top 10 most developed states in Nigeria in 2019. Traders Tips . Seychelles. Zambia – rich in copper, emerald, and cobalt . Sadly, he dropped from number 2 from the top 10 richest men in Africa 2019 to land at number 3 this year. Equatorial Guinea; 3. South... 3. Tunisia; 8. Kenya is known for its wildlife reserves and national parks. The Democratic Republic of Congo should be the richest country not just in Africa but in the entire world. This continent is not just huge, but a home for 54 states. Table of Page Contents. It completely surrounds Lesotho. Top 10 Richest Presidents in Africa – 2019 Infographic Here is an Infographic list of the top 10 Richest Presidents in Africa (2019) with reference to Forbes, People With Money magazine, CelebrityNetWorth: Click To Tweet. Its population is 102 million, and it is the most populous landlocked country in the world and the ranks second in population in Africa. Egypt’s economy is large and diversified. Algeria possesses the 16th largest oil reserves in the world and the second largest in Africa. Top 10 Richest Countries in Africa . 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. Last year’s annual report by the International Monetary Fund (IMF) in October 2019 revealed the top-performing countries in Africa. Ghana Stock Exchange is the 5th largest in Africa. GDP growth slowed down in 2018 to an estimated 3 percent compared to 4.1 percent in 2017, owing to the decline of agricultural value-added growth, which was only partially compensated by otherwise good performance of non-agricultural activities. There are several ways to list countries in terms of their wealth. The continent has rich cultures from 54 countries which it diverse. 2. What are the richest countries in Africa based on GDP per capita? Twitter. Egypt, officially known as the Arab Republic of Egypt, is a transcontinental country. 2019 data. Oman; 5. It spans the northeast of Africa and southwest of Asia by a land bridge formed by the Sinai Peninsula. It has a higher GDP per capita, as compared to other countries of Africa, which stands at around $11,800. World Bank classifies Algeria as an upper middle-income country. USA is the richest country in the world if you consider nominal GDP, but when measuring the GDP per capita, the United States only ranks at 10th place among the world’s richest countries. Here is the link: http://www.imf.org/external/datamapper/[email protected]/OEMDC/ADVEC/WEOWORLD. Richest People In Africa. It is the largest country in Southern Africa and the 25th largest country in the world. Ghana is the second largest producer of cocoa, and its cocoa is of high quality. Top 10 Richest African Countries. More info here. It has also made its mark on the world athletic scene and rugby. Angola is in the bottom group of the Human Development Index. Its administrative capital is Pretoria. Tunisia - $12.369 10. 1:30. 0. Yet, as the wealth is concentrated in a few hands, its economy is uneven. Top 20 Richest Countries In Africa 2020 By GDP Per Capita. The economic disparity among South Africa’s population is primarily a result of the apartheid regime in the country which ended in 1994. 2019 data. GDP per capita: $30,505. Nigerian Flag. Profile Quizzes Subscribed Subscribe? You have entered an incorrect email address! Luxembourg. Ireland. However, the North African state is still the third richest country … 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. Accra is the capital and the largest city. The country’s economy is heavily driven by its oil sector. Quiz by Beefcake. Angola, officially known as the Republic of Angola, is situated in the southern part of Africa, is the seventh-largest country in Africa. Seychelles is the second richest African country in terms of GDP per ... 2. The country is Africa’s largest crude oil exporter, recording production about 1,6 million barrels a day in December of 2019. Oil production and its supporting activities contribute about 50% of GDP, more than 70% of government revenue, and more than 90% of the country’s exports. In this post, we are going to look at the top 10 Richest countries in Africa. Africa is the Second Largest and populous continent, It has many poorest countries, some good GDP countries. Mining activities contributed the most to growth apart from agriculture, mostly driven by phosphates production and exports. This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). In developed countries like Sweden and Denmark, the GINI index hovers in the low 20s. Saudi Arabia ; 4. Top 10 Richest Countries in Africa. Rate: Featured Quiz . Forbes: Top 10 Richest People in Africa, 2019. Overtaking South Africa in 2015, Nigeria became Africa’s largest economy. Country: South Africa. The cost of living is comparatively high. Nigeria; 1. Following given is a list of the top 10 richest countries in Africa as of 2019 based on their GDP per capita. Profile Quizzes Subscribed Subscribe? His primary businesses include cement, sugar and flour. It has the Atlantic Ocean on the west and shares its borders with Namibia in the south, Congo to the north, and Zambia to the east. Africa is among the largest and most versatile continents of the world. Economic performance in 2018 was mixed, while inflation remains low and stable. South Africa holds on to the second spot, after a difficult 2nd half of 2019. Africa, known as the cradle of mankind is a continent of surprises. A key component of the African economy, Nigeria has a population amounting to half of... 2. Ethiopia was the first African nation to join the UN, G-24, NAM, and OAU. The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. Required fields are marked *, Designed by Africa HR Solutions | Sitemap| Privacy Policy. Uganda. Its capital is Abuja. According to the United Nations, there are officially 54 countries on the African continent. Now that we have been able to get a summary of the 3 top richest countries in African and their GDP, now lets combine all 20 countries of the continent. Last updated: May 7, 2019. Another richest country in Africa that is considered as wealthy according to the GDP per capita is South Africa with $13,403. Tanzania 56.66. Donald Gordon who is a South African billionaire. His primary businesses include cement, sugar and flour. 0. The economy of this small middle eastern country is based on the export of crude oil. Here’s are some of the richest countries in the world based on statistics from the World Bank. This highlights the fact that a relatively small number of people are benefiting from South Africa's wealth. Top 10 Richest Oil Countries In Africa 2020. Algeria is the tenth-largest country in the world and the largest in Africa. While the poverty rate in the country has declined, the absolute number of poor citizens has not because of the high population growth rate. Many Singaporeans are grown up with a desire to become rich, and with the right mentality, will power and conditions, much can happen. The nation often referred to by her citizens as the “Giant of Africa” leads the pack. Africa is the second largest continent in the world. Nigeria has abundant natural resources and is a mixed economy emerging market. The only arable land is on the banks of river Nile, and half the population lives in urban areas in the Nile Delta. GDP of South Africa is 376.679 billion dollars. Uganda is a landlocked country in East Africa whose diverse ecosystems include the snowcapped Rwenzori Mountains and the massive Victoria Lake. Nominal GDP is the fairest among these parameters as considering the Per Capita figures may lead to an erroneous conclusion. Top 10 Richest Countries in Africa 2019 1. It can be nominal GDP, PPP GDP, Per Capita GDP and many other such figures. The list below shows the top 20 richest countries in Africa alongside with their GDP (in billions) as at the expiration of December 2017. We have compiled a list of the top 10 richest countries in Africa, based on their GDP. Tourism is one of the most important sectors after the phosphate industry, and Morocco plans to increase the revenues to 20% of the GDP by increasing the tourist footfall to 20 million, according to its Vision 2020 program. Aliko Dangote – NW: $21.6 billion ; Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. According to the IMF, Tanzania’s GDP stands at $56.7 billion (nominal), $176.5 billion on a PPP basis and the GDP per capita on PPP was $3,457. WENDY APPELBAUM – Top 10 Richest Women In Africa. Africa remains the Undeveloped and poorest continent. The country has a mixed economy and is the second largest after Nigeria. Ghana’s growth target for 2019 is 7.4% mainly to be driven by the industry sector, especially oil, gas and mining. Libya; 6. China – $19,520 . One of the world’s top financial centers that have become experts in importing products and services to resell. One of the reasons for high industrialization of South Africa is its poor agricultural economy, which suffers from the aridity of the land and contributes only around 3% to the GDP. The capital of Qatar is Doha. This list uses the GDP at Purchasing Power Parity, as per the CIA World Factbook in 2012, to rank these African countries by wealth. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. More quiz info >> First submitted: April 21, 2017: Times taken: 34,453: Rating: 4.84: Quiz and answer stats >> Start Quiz . Brunei. The country has been ranked as the top African Country of the Future based on its economic potential, infrastructure, and business friendliness. There is a beautiful museum of arts, palaces, chic rebuilt universities. Egypt is a member of the UN, NAM, Arab League, African Union, and the Organization of Islamic Cooperation. Egypt; 4. GDP of South Africa: $376.679 billion (USD). The country is currently facing high unemployment and housing shortage. The GDP (PPP) of the dependent or integral territories of the United Kingdom, France, Italy, Spain, Portugal, Yemen and Malta within the African continent are not included in this list. Africa’s Top 10 wealthiest countries ranked by GDP 1. Africa was able to produce some of the richest men whose net worth is in Billions. WhatsApp. Its population is 25 million and is the 24th most populous country in the world. Botswana; 6. -Top 10 richest countries in Africa 2019. 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. You may agree or disagree with this statement, but one thing no one can deny, is that this country is the richest oil country in the continent. Now, Ethiopia is one of the fastest growing economies in the world, and the fastest-growing non-oil-dependent African economy with a GDP growth rate of around 10%. 4. Share. Africa is one of the finest examples of an ever-evolving and ever-growing modern economy. Based only on GDP, Nigeria is the richest country in Africa in 2019. The Nigerian Stock Exchange is the second largest in Africa, after South Africa. The Johannesburg Stock exchange is the largest in Africa. 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