This list below comprises the richest country in Africa by overall GDP, GDP per Capita & GNI.
This list is on the basis of a report given by the International Monetary Fund (IMF) and World Bank.
The African economy is expected to arrive at a GDP of $29 trillion by 2050, controlled by its farming, trade, and abundant natural resources.
Africa has an energetic and extending labor force, with 20 million new job searchers a year in sub-Saharan Africa alone.
The Richest Country in Africa by Overall GDP (INT$ at PPP — International Monetary Fund)
While there are multiple ways of measuring different countries’ wealth, one of the most amazing techniques is to assess every nation’s GDP.
This is the worth of all labor and services produced by a country in a given year.
- Egypt – $1.38 trillion
- Nigeria – $1.14 trillion
- South Africa – $861.93 billion
- Algeria – $532.57 billion
- Morocco – $302.77 billion
- Ethiopia – $298.57 billion
- Kenya – $269.29 billion
- Angola – $217.97 billion
- Ghana – $193.63 billion
- Sudan – $189.87 billion
Also Read: Top 10 African Country with Gold Reserve 2022
The Richest Country in Africa: Gross domestic product per capita
Despite the fact that GDP is a very important measurement, it dismisses the number of residents adding to a nation’s GDP, and that implies a country with an immense, but less effective labor force can post a higher GDP than a country with a more effective labor force.
The Richest Country in Africa: Seychelles – $30,898
Seychelles is the richest country in Africa by GDP per Capita.
Seychelles has a noteworthy GDP for each capita chiefly as a result of its hearty travel industry, contributing fundamentally to its GDP.
The travel industry represents around 40% of public GDP and generally 70% of unfamiliar money profit.
The Richest Country in Africa: Mauritius – $23,841
Mauritius is an island country off the bank of Africa in the Indian Ocean and one of the richest country in Africa.
They constructed the economy of Mauritius on sugarcane ranches, yet today it has broadened into materials, the travel industry, and banking.
80% of its travelers are from other African nations, France, and the United Kingdom.
Mauritius likewise has a free port system, important there are no charges or levies on products created in Mauritius bound for send out.
The Richest Country in Africa: Tropical Guinea – $18,625
Tropical Guinea is a nation situated in Central Africa. It is moderately little, covering something like 10,830 square miles.
The populace measures at around 1,222,245 It comes in the third spot with a GDP for every capita of $6,696 making it one of the richest countries in Africa.
Botswana – $18,507
Botswana is a landlocked country in Southern Africa. It is one of the richest country in Africa per capita on the continent.
The economy of Botswana has forever been founded on creature farming and has gone through a few changes throughout the long term.
The nation’s jewel and meat trades have significantly assisted Botswana with fostering its economy.
Botswana is one of Africa’s biggest makers of diamond, giving it the third most critical divide in dollar esteem between African countries after South Africa and Angola. Jewels represent around half of the nation’s products.
Digging represents around 12% of GDP, and jewels represent 80%.
One in each four families in Botswana has somewhere around one precious stone ring, hoop, or pendant.
Nonetheless, mining organizations have started enhancing into different regions, like copper and nickel, to assist with supporting the economy as of late.
Gabon – $15,582
Gabon is situated on the west bank of Africa in focal Africa, lined by Equatorial Guinea, Cameroon, the Republic of Congo, and the Gulf of Guinea. It is one of the richest country in Africa per capita.
Gabon has a lot of assets, including oil, wood, manganese mining, and uranium mineral, making it perhaps of Africa’s richest country.
South Africa – $13,010
The countries economy for the most part depends on transport gear, handled minerals, synthetic compounds, materials, and food items, which represent about a portion of its GDP.
South African mines produce different minerals like gold, precious stones, coal, vanadium, manganese, iron mineral, copper, and tin which the country one of the richest country in Africa per capita.
Egypt – $12,261
Egypt is a country in North Africa lined by the Mediterranean Sea toward the north, Israel and the Gaza Strip.
It is one of the richest countries in Africa per capita.
Egypt basically depends on agribusiness, media creation, development, the travel industry, and transportation. Around half of Egyptians are utilized in farming.
Algeria – $11,997
Algeria is one of the richest country in Africa per capita.
The country essentially impacts African undertakings in spite of having a moderately little populace of around 44.9 million individuals.
Algeria’s economy for the most part depends on hydrocarbons and assembling, which represent around 60% of the GDP.
Tunisia – $11,096
Notwithstanding having a generally little populace of around 12 million individuals.
Tunisia likewise fundamentally impacts the African economy making It is one of the richest countries in Africa per capita.
Tunisian products fundamentally incorporate attire and materials, synthetic substances, semi-completed merchandise, electrical hardware, and transportation gear.
Tunisia’s territory assets are restricted as a result of the aridity of the Sahara desert.
Also Read: Top African Safari Wildlife Park And Its Thrilling Scenery
The Richest Country in Africa: Gross public pay (GNI) of African Economies
The last measurement frequently utilized by economists to look at the wealth of various nations is gross national income or GNI.
While GDP estimates the worth of the labor and products a nation makes, GNI estimates the total income gotten through those labor and products.
GNI likewise tracks cash that enters or leaves a country’s economy.
- Seychelles – $12,720
- Mauritius – $10,230
- Gabon – $6,970
- Botswana – $6,640
- Central Guinea – $5,810
- South Africa – $5,410
- Libya – $4,850
- Namibia – $4,520
- Eswatini – $3,580
- Algeria – $3,550
Also Read: Top Most Corrupt Countries in the World and in Africa 2022
The Richest Country in Africa, Top 10
Nigeria ($514.05 Bn)
Egypt ($394.28 Bn)
South Africa ($329.53 Bn)
Algeria ($151.46 Bn)
Morocco ($124.00 Bn)
Kenya ($106.04 Bn)
Ethiopia ($93.97 Bn)
Ghana ($74.26 Bn)
Ivory Coast ($70.99 Bn)
Angola ($66.49 Bn)
The Richest Country in Africa: Nigeria
Nigeria: Richest Country In Africa, 2021
The country is a lower-center pay economy country in West Africa that borders Niger in the north, Chad in the upper east, Cameroon in the east, and Benin in the west.
Nigeria is Africa’s biggest economy by ostensible GDP outperforming Egypt and South Africa, it is likewise the nineteenth richest country in Africa per capita
Algeria
Algeria: Richest Country In Africa, 2022
It is the biggest country in Africa, and is situated in the Northern piece of the mainland.
It is the twelfth richest country in Africa per capita with a GDP for each capita of $3,255.
The nation has a populace of more than 40 million. In the same way as other nations on this rundown, it is viewed by the World Bank to be an upper center country.
Morocco
The Kingdom of Morocco is the northwesternmost country in the Maghreb area of North Africa. It is the thirteenth richest country in Africa with a GDP for every capita of $3,037.
Kenya.
Rich nations in Africa 2022
Kenya’s economy has seen a lot of development, because of solid execution in the travel industry, advanced education, and broadcast communications.
The nation is at present positioned twentieth among the richest Countries in Africa.
Also Read: Top Gas and Oil Exploration Companies in Africa
Egypt
Egypt: Richest Country In Africa, 2022
It is a cross country with regions extending from Africa’s upper east corner to Asia’s southwest corner across the Sinai Peninsula.
The country imparts its boundaries to the Gaza Strip with Israel, the Red Sea, Gulf of Aqaba, Red Sea, Sudan, and Libya.
Cairo is the capital of the country. It positions 10th on this rundown of richest African country in Africa.
The economy of Egypt relies upon agribusiness, the travel industry, flammable gas, and petrol imports, as well as incomes from the Suez Canal.
Countless Egyptians additionally work abroad.
The settlements of these specialists add to the abundance of the country.
South Africa
South Africa is the sixth Richest Country In Africa, 2022
It is the southernmost country on the African landmass, is lined by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique.
The nation has a blended sort of economy and has a somewhat high GDP contrasted with other African nations. The nation positions 6th on the rundown of the richest country in Africa per capita of $5,520.
Ghana
Most extravagant Country In Africa, 2021
Ghana is a country in West Africa. Ghana is the second-most crowded country in West Africa, after Nigeria.
Beginning around 1993, it has kept one of the freest and most stable legislatures on the mainland, and performs somewhat well in measurements of medical care, financial development, and human turn of events.
It is the seventeenth richest country in Africa per capita with a GDP for every capita of $2,114.
Cote d’Ivoire
Most extravagant Country In Africa, 2021
Côte d’Ivoire otherwise called Ivory Coast is a nation situated on the south shore of West Africa.
Cote d’Ivoire is the world’s biggest exporter of cocoa beans, and the fourth-biggest exporter of products in sub-Saharan Africa.
It is the sixteenth richest country in Africa per capita.
Angola
Angola is one of the biggest oil makers in Africa since it has bountiful mineral assets, which are viewed as a fundamental supporter of its economy.
The fundamental commodities from Angola are precious stones, oil-based goods, and cocoa.
Angola’s economy predominantly depends on oil extraction, agribusiness, development, and assembling, representing around 70% of the GDP.
Most Angolans are utilized in horticultural exercises, adding to around 40% of the nation’s GDP.