GDP per capita: $ 52,924.37; Sweden is another Nordic country with a GDP per capita among the highest in the world. Moreover, the Angolan economy is majorly based on the revenue generated from oil exports. You might also want to read about: The Largest Cities in Africa 2019. 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. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. In population, Cote d’Ivoire is occupied by 23 million inhabitants, making it one of the fairly-populated African countries. The Central African Republic . In population, Ghana is fairly occupied by about 30 million inhabitants. Leave a comment below! Djibouti GDP per Capita: $5,855. Richest in Africa is a very low bar to clear, Libya is still far more developed than your average sub-Saharan African country (and more peaceful than quite a few), and they still have their oil. The country is made up of one-hundred and sixteen small islands with a population of just 92,000 (as of 2012). Sitting in the seventeenth position among Africa’s richest countries, the country [Sudan] maintains the GDP per capita of $4,232. Like Seychelles, the territory of Mauritius is an island surrounded by the Indian Ocean. Alternatively known as Congo-Brazzaville, the Republic of Congo is one of the African countries with fairly low population estimates. Most importantly, its government generates revenue through vibrant sectors like public services, transportation, commerce, and tourism. GDP per capita: $7,331.46. With this information, Egypt is undoubtedly one of the most developed nations across the African continent. And it is often said that most of Isabel’s wealth is attributed to her country’s enormous mineral potentials. The territory of Seychelles is an island surrounded by the Indian Ocean adjoining the Eastern region of Africa. Oil is obviously the mainstay of the Angolan economy but the country still benefits significantly from several other sectors including mining and agriculture. As regards its GDP (PPP) per capita, Zambia maintains a total of $4,104. Morocco is another significant economy in the Northern region of Africa. Precisely, many of its dollar billionaires have invested immensely in facilitating the growth of IT and technology at large. Regardless, while Africa is still struggling with a wide range of issues, there are some African countries that have managed better economic performances in recent decades than others. The government of Gabon makes the largest part of its revenue from oil production, making Gabon one of the biggest oil producers in Africa. Seychelles is the richest country in Africa 2021, with a GDP of 31.80 thousand per capita. Like many countries on this list, it is considered by the World Bank to be an upper middle country. In fact, it is regarded as the biggest exporter cum producer of cocoa beans in the world. In previous times, Botswana was ranked as part of the world’s poorest nations, but today, it constitutes the fastest-growing economies across the globe. With a population of only 92,000, it has the tiniest population of any country in Africa. The island nation has become quite famous as a honeymoon destination, and there are several luxurious resorts attracting tourists from all over the world. With a total of 15.5 million inhabitants, Zambia is one of the fairly-populated African countries and over the past few years, it has achieved a remarkable level of economic growth. Cape Verde maintains a GDP per capita of $7,316, giving it an edge among the top 20 richest African countries. Africa is the world's second largest continent, home to 54 independent countries. With a current GDP that is just slightly below $450 Billion, Nigeria sits firmly as the richest country in the Africa. In economic analysis, it is important to clarify […] It is located in the Indian Ocean to the East of Africa. GDP (Nominal) and GDP (PPP) per capita of African countries by IMF. Qatar’s wealth comes from oil and natural gas, which has made some people very wealthy. At $32,700 its more than double South Africa and Namibia where it is between $12 and $13,000. Top 10 Richest Countries In East Africa 1. Also, the state has a small population, which combined with the oil revenues gives Libya a place in the rating of the richest countries in Africa according to the GDP per capita. SA was Africa’s largest economy until it was recently displaced by Nigeria. Its population is estimated below 1 million inhabitants and as an East African territory, it borders upon Gabon and Cameroon. Through its GDP (PPP) per capita of $13,366, Egypt dominates the third position among the richest North African countries. This country is made up of small 115 islands and its population is less than 0.1 million. The Central African Republic is one of the African countries that has been through tough times with years of war. But the vast majority of the people who live in the country are very poorly paid immigrants and live in terrible conditions. Cote d’Ivoire –also known as Ivory Coast –is a West African country that depends heavily on agriculture. Richest countries in Africa: Seychelles is also an island country found in the Indian Ocean. Meanwhile, Mauritius maintains a high standard of living under the influence of a properly-diversified economy concerned with the production of apparel, textile manufacturing, tourism, and sugar production. Its oil reserves account for almost all of the country's exports, and make up the fast majority of the country's GDP as well. GDP (PPP) Per Capita: $6,594.00. That can be attributed to how the country is dependent on its energy sector, producing large amounts of fossil fuels. This is generally due to the incredible income inequality in the country. 27,451 0.792 11 106 9,882 Eswatini (Swaziland) 6.5 45 48.6: 2017 est. Equatorial Guinea tops the list of African nations in terms of GDP per capita. However, these five countries, Botswana, Gabon, Mauritius, Equatorial Guinea and Seychelles – all have populations that are smaller than 2.5 million people. In economic analysis, it is important to clarify […] In Swaziland, subsistence agriculture is the major source of livelihood for the people and despite being a landlocked territory, the country harnesses its manpower in carving out a sustainable standard of living. The economy of Algeria is majorly dependent on the energy industry which produces massive amounts of fossil fuels. The second richest country in Africa in 2021 is Mauritius with a GDP of 25.07 thousand per capitaInIn third place is Egypt followed by Equatorial Guinea according to Forbes . Changes in gdp per capita, world rank and continent rank, compare to world economy and continent economy. In previous times, Botswana was ranked as part of the world’s poorest nations, but today, it constitutes the fastest-growing economies across the globe. Gabon’s economy today depends mostly on oil revenues and timber plantation, according to the CIA. GDP per capita: $418.41 . It has a total GDP of approximately $124,930 per person. Population: 53 millions (2013 Estimate). Meanwhile, the revolt has favoured Tunisia and categorized it among the efficient African economies. Meanwhile, the Namibian government earns the lion’s share of its revenue from mineral extraction and exportation. At 18,146 Int$, Botswana’s GDP per capita makes it the fifth richest country in Africa. Besides, the country’s low unemployment rate of just 1% indicates a favourable standard of living. the discovery of oil deposits in the 1990s virtually transformed the economy overnight and turned Equatorial Guinea into the richest Africa… In addition, it makes up 30% and 60% of the country’s GDP and budget earnings respectively. In terms of GDP per capita, Botswana maintains a total of $17,965. This page is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year. But now, Sudan experiences a lot of hardship ranging from political unrest to economic setbacks. Although South Africa is restricted to the seventh position on this list, the country has the highest number of African dollar billionaires. 4. Image credit: Nate Hovee/Shutterstock.com. Per Capita Income: $11,914. The Central African Republic is one of the African countries that has been through tough times with years of war. 5. A country rich in oil reserves, Libya ranks as the 7th richest country in Africa by per capita GDP. The country has been investing a lot in the hydrocarbons, research and alternative energy sources, labor market, tourism and transport. GDP (Nominal) and GDP (PPP) per capita of African countries by IMF. This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). Nonetheless, the civil war crashed the country’s economy. Equatorial Guinea: $34,865 per capita . Currently, Tunisia is regarded as one of the most vibrant economies in North Africa. Over and above that, Egypt has been favoured by industrial development and robust advance in technological innovations. Africa is one of the largest continents in the world and the home to 54 sovereign states. On per capita basis some of the countries in Africa have higher gross national income per capital than countries like India, Brazil or even china. Mozambique – $1,266 GDP/capita ; Next on the list is Mozambique. The sizeable GDP is mainly driven by finance, transport, infrastructure, tourism, … Equatorial Guinea owes its very high GDP per capita to its large oil reserves. On this list, Namibia is described as Africa’s tenth richest country. Leave the dictatorial and selfish excesses of Teodoro Obiang aside because this country is actually the richest in Africa according to the method of measurement mentioned above. Richest countries in Africa: Seychelles is also an island country found in the Indian Ocean. While the Namibian economy is heavily based on the exportation of minerals including diamond and uranium, the major factor that contributes to its high GDP (PPP) per capita of $11,229 is the country’s meager population of 2.5 million inhabitants. GDP per capita: 31.81 thous… Meanwhile, the country enjoys favourable economic standards under the influence of low population and vast deposit of oil. Mauritius has the highest per capita wealth of any country in Africa as shown in the left-most bar chart. Industry, service and the agriculture is some of the major factors which affect the Gross Domestic Product (GDP) of the country. Despite it, South Africa has high rates of poverty and unemployment. If the GDP per capita is high, this can often indicate the wealth and prosperity of the inhabitants in the country. Top 50 Richest Countries by GDP per Capita. The highest percentage composition of GDP from a sector of origin (agriculture, industry or services) is bolded. (adsbygoogle = window.adsbygoogle || []).push({}); Top 20 Richest Countries In Africa 2021 By GDP Per Capita, Africa is the world’s second-largest continent and it comprises over 50 independent States –alternatively regarded as countries. 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