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top 50 richest countries in africa

top 50 richest countries in africa

As part of the good economy experienced by the citizens, the rate of unemployment is at its lowest and barest minimum. South Africa is by far the continent’s wealthiest state in total GDP, accounting for 30% of the continent’s GDP in nominal terms and 24% by PPP. Without wasting time, let us go through the list of the top 10 Richest countries in Africa. Seychelles is a home and destination of tourists from all parts and corners of the world. It comes... 2. This country primarily depends on livestock and agriculture, which is why it reached the high place in our richest country in Africa rating. He is the son of the former president of the county Omar Bongo. Gone are the days when Africa knew not of the value of her mineral deposits. It was reported that between the period of 2000 to 2014, the GDP of Nigeria increased by 7%. 1996 saw the discovery of Equatorial Guinea’s massive oil reserves, and revenue from their extraction has been filling government coffers ever since. Petroleum accounts for 50% of foreign exchange in Ghana. Other areas are Agriculture, services, and tourism. If you actually found this article interesting or helpful, then feel free to drop a comment below. Namibia is the world’s largest producer of uranium. Nigeria is blessed with several natural resources like natural gas, crude oil, limestone, coal, zinc, iron ore and more. SA was Africa’s largest economy until it was recently displaced by Nigeria. As a country who has no seaport, where goods can be imported or exported by sea, this has placed them at the 10. position, as this country believes in economic diversification but due to natural phenomenon. Please enter your username or email address to reset your password. Arguably Africa’s most developed nation, Mauritius is the second richest African nation. Egypt has such a huge GDP as a result of their natural gas exports, Real estate, construction, Petroleum, and more. 20. Africa’s Top 10 wealthiest countries ranked by GDP. As we all know, Africa is naturally blessed with countries that are rich in natural minerals. Details of top 10 richest countries in Africa. 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. 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. Plagued with an ever-rising population, the Nigerian economy has failed to properly diversify from the influence of oil exploration and exportation. Aerial view on the coastline of the Seychelles Islands and luxury Eden Island from Victoria... 3. Most of the country's adults are employed in the field of agriculture, which is considered as the leading source of income. Without wasting time, let us go through the list of the top 10 Richest countries in Africa. Making them the third richest country in North Africa. With less than 2 million people, Eswatini is heavily dependent on subsistence farming. The top economies in the world can be ranked by many different metrics. With less than 2 million people, Eswatini is heavily dependent on subsistence farming. Also, predominantly a white population, Morocco is a north-eastern country known for its exports of fertilizer inputs. Namibia sits in Southern Africa. Tanzania. Known for their oil, Angola is the second largest oil producer on the continent. JOHANN RUPERT – NW: $7.3 BILLION Africa remains the Undeveloped and poorest continent. We are dedicated toward providing you with the best of life skills, with a focus on Idea, knowledge and many more. This has increased the GDP of this small country but in stature and economy well developed. Of course, the key indicator is the GDP per capita (a total value of goods and services produced by a nation during a year divided by its total population). With few practices of corruption, the GDP rises quarterly which denotes a well manage financial funds. Equatorial Guinea is the … Top 20 richest African countries. Angola also enjoys inputs from the agriculture and mining industries but has an economy that is predominantly based on oil exportation. 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. The industrial sector consists of iron ore, texti… 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. Follow me as I take you on a tour through the top 5. Once ranked among the poorest nations in the world, Botswana is now having one of the fastest growing economies on the planet. Mike Adenuga ($7.7 billion), Nicky Oppenheimer ($7.7 billion) and Johann Rupert ($6.6 billion) completes the top 5 richest in Africa.

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