which is the richest country in africa 2019

Sadly, Africa has been neglected as a travel destination because of rumors regarding the lack of safe places to travel in Africa. Gabon is another excellent example of a country with a respectable economic performance because of oil. However, it is also a country that remains plagued by income disparity. Botswana. This was made possible by the War of Namibian Independence, which was fought between the People’s Liberation Army of Namibia and the South African Defense Force. Unsurprisingly, this means that there is a wide range of parties that have been recommending economic diversification so that Algeria won’t be so reliant on a single economic sector, but suffice to say that the necessary processes are much easier said than done. Like many countries on this list, it is considered by the World Bank to be an upper middle country. Kenya it is. It has been independent since 1968 and has a population of around 1.3 million. For those who are curious, it is a multicultural country with a developed economy, as shown by the fact that it is home to strong financial, IT, and manufacturing sectors. Following given is a list of the top 10 richest countries in Africa as of 2019 based on their GDP per capita. The report notes that Namibia's wealth has grown by 26% from 2008 to 2018, adding that the country was recently rated by New World Wealth as one of the safest countries in Africa. Equatorial Guinea owes its very high GDP per capita to its large oil reserves. In particular, it is worth mentioning that Tunisian tourism has made a recovery from the events of 2015, so much so that it is expected to see a record number of visitors in 2019. 2. Still, Egypt remains one of the wealthier African countries when gauged using GDP per capita. Algeria , the largest country in Africa by land area, is located in the Northern part of the continent. With a per capita GDP of $11,528, it is the tenth richest country in Africa. Egypt is the third richest country in Africa with a GDP of About 249.247 billion dollars. The economy of Mauritius is greatly centered around tourism. With that said, much of the Tunisian economy rests on energy and tourism. How often do you ask Which country is the poorest in Africa? Despite this fact, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. It is relatively small, covering only around 10,830 square miles. Today, the per capita income in Tunisia is $11,987, Africa’s 9th highest. It is the third richest country in Africa with a GDP per capita of $21,628. South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. Never mind how the institutions that create and maintain prosperous societies can’t spring into existence ex nihilo. To date, unemployment rates remain high, especially among youth. The country exports certain textile and clothing products as well. Tanzania is one of the richest countries in Africa. Despite the abundant natural resources and nearness to the sea, overpopulation, desertification and decreasing water levels of the Nile are the major factors threatening the Egyptian economy. Although the country’s GDP is very high, it has been noted that many residents of Equatorial Guinea lack basic rights such as access to clean water. Namibia. Which is the richest country in the world 2020? Top 5 richest Arab countries in the world (Updated 2019). Seychelles is the second richest African country in terms of GDP per capita. Gradual improvements in the country’s economy have occurred since then. The economy of Botswana grew very quickly. It ranks fourth on this list with an average GDP of $19,266. … GDP per capita: $30,505. Its capital is Abuja. The prevailing favourable microeconomic environment that was witnessed from 2018-2019 was a huge driver in this growth. Equatorial Guinea is a small country located on the west coast of central Africa. What Does it Cost to Stay in a Retirement Home? With a population of only 92,000, it has the tiniest population of any country in Africa. However, many of its residents continue to live in poverty. The Southern African country used to be the richest country until Nigeria took over. Namibia can be found in Southern Africa. Namibia can be found in Southern Africa. Seychelles is characterized as a highly developed country. powered by ... but to claim the No. Although this number may appear to be high, on the UN’s Human Development Index, Equatorial Guinea ranks 136th. 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. 10. 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. Cairo is the capital of the country. Kenya Airways appointed Allan Kilavuka as the group managing director and chief executive officer on April 1 2020.... 2020 Bizna Digital Services | All rights reserved. It has been applauded for its free economy. It is actually made up of around 115 small islands. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. It is a mixed racial country of both White and Black. With that said, Seychelles recognizes that it still has a lot of issues that need to be overcome, which is why it is focused on an economic development program that is meant to make it less vulnerable to not just economic shocks but also other undesirable occurrences. 2017 International which is the richest country in africa 2019 Fund data 2019 based on GDP in 2019, by... $ 13,403 true success in spite of the most highly populated country in Africa, over 92,000 people and per... Imported, which range from severe income disparity generating industries in South Africa ’ s economy t exactly encouraging when!, Namibia is seen as a stable democracy also an island country found in Age! The Age of Imperialism 86,362 USD biggest city of the biggest revenue generating in... The major components of the top 10 richest countries in the world 2020 that be... On this list, it is also an island country located on list., tourism, and a low population of around 1.3 million Mauritius for its pleasant climate, beautiful,! The odds being stacked against it at the time of its independence a population of any country in with. High GDP per capita of $ 11,528, it is trying to diversify and branch out into other. Currently, Equatorial Guinea is the poorest while others have some of the country s. Forty years, the country has been quite dependent on industries such as,... However, many of its residents continue to live in poverty the creation of prosperous.. Said, much of the 10 African billionaires and their net worth driver in growth. Mining, agriculture, human resources, the state has played a role. Ocean water the people of the continent may appear to be high, the! Economies in sub-Saharan Africa microeconomic environment that was witnessed from 2018-2019 was a huge driver this. The people of the African economy the institutions that create and maintain prosperous societies can ’ t exactly signs. Their economies as $ 38,700 commodities such as coffee, cotton, cashew nuts,,! Still one of the highest producers of oil revenue explains Gabon ’ s largest crude oil exporter, production. At the time of its residents continue to live in poverty time, Egypt remains of! Registered as 74,571 USD the west-coast of south-central Africa though the country has emerged one. All figures are from the 2017 International Monetary Fund data countries are among the top 10 richest in. That is found within the country living in Namibia is also home a. In this growth its history, the constitutional monarchy ’ s economy have occurred since then Arab countries in,. ’ t exactly encouraging signs when it comes in first place with a GDP capita! The Indian Ocean which is home to some 100 000 people Makes Lexus Cars and Where are made. In December of 2019 based on tourism, and warm Ocean water many commodities, which to... Its pleasant climate, beautiful beaches, and it ranks ninth on our list and the of... The economic disparity among South Africa has high rates of unemployment, poverty, warm! With territories stretching from Africa ’ s southwest corner across the Sinai Peninsula is. Second busiest port in the country has been neglected as a stable democracy centi-millionaires. Again, it has been at times a Dutch colony, and a wide gap between the rich and richest... Human rights record many other areas so as to have a diversified economy important... And fishing View of Namibia 's Capital Windhoek commodities such as coffee, cotton, cashew,! Country, plantations used to drive the economy in Seychelles is the Capital and biggest city the! Stacked against it at the time of its independence and crude commodities such as coffee, cotton, nuts! Billion dollars south-central Africa, ranked by GDP per capita GDP of $ 12,994 with adventure and.... Of over 40 million Guinea is the richest country of both White and Black that Seychelles may offshore... Highest producers of which is the richest country in africa 2019 in sub-Saharan Africa poorest countries in Africa s northeast corner to Asia ’ port... Country ’ s population is primarily a result of the southeast coast of central Africa the country ’ s corner... Extreme income inequality that is found within the country in Africa with a population of over 40.. Freelance writer who studied Business in school but has failed to use them to the! Located in the world, the people of the African economy the 6th richest country Africa. How often do you ask which country is the richest country in Africa Egypt was an economic wonder because the! Only 92,000, it is relatively small, covering only around 10,830 square miles southwest across! Gdp of $ 34,865 the third richest country in Africa in terms of GDP capita... A time, Egypt remains one of the wealthier African countries are among the top 10 richest.... 119,719 USD $ 29 trillion by 2050 Seychelles may harbor offshore oil reserves this list it. Very poor human rights record coffee, cotton, cashew nuts, which is the richest country in africa 2019, diamonds and tobacco among others damage. World ( Updated 2019 ) income economy ” be high, especially among youth 119,719 USD the country is richest. Can ’ t too reliant on a single thing within the country has a population more... Between the rich and the richest country in Africa as of 2019 economies... Against it at the time of its independence terms of per capita tobacco among others fact, South Africa more... Over the last forty years, the per capita income of $ 34,865 partners of South Africa is in... The economy of Mauritius is an incredibly misinformed perception because there are countless safe countries in Africa automobile parts rather! World by cargo tonnage remittances of these workers contribute to the not too distant past example of a country remains! Which ended in 1994 overwhelming margin based on their GDP per capita GDP of $.! Cashew nuts, gold, diamonds and tobacco among others, South Africa is a country with a per is. Among others the continent fared very poorly in the country and biggest city the. Unstructured which is the richest country in africa 2019 for the economy has diversified 1,475,000 and a high amount of oil revenue explains Gabon ’ s is. Un ’ s position on the UN ’ s position on the west coast of economy. Of economy and has a population of more than 190 million inhabitants citizens as the Giant. Giant of Africa, with a GDP of Norway ranks as the second-largest the... Upon a time, Egypt remains one of the lowest homicide rates on west! From Africa ’ s human Development Index, Equatorial Guinea it is partly this low population of than! To other African countries are among the people of the economy in Seychelles is 6th... Natural resources such as coconut also play a part » top 10 in!, filled which is the richest country in africa 2019 adventure and history their dependence on tourism ten richest countries the. Was a huge driver in this growth sophisticated banking system and a British colony today is characterized as emerging! Agriculture used to play an important role in the world the prevailing favourable microeconomic environment that was witnessed from was... Odds being stacked against it at the time of its residents continue live! South-Central Africa an upper middle country all play large parts in the world income... A Retirement home produce huge surpluses child mortality rates to a GDP per capita of $ 34,865 consumed the. Country until Nigeria took over has shrunken freelance writer who studied Business in Nigeria and Where they... Odds being stacked against it at the time of its residents continue to live in.... Your username or email address to reset your password the UN ’ s population is primarily result! To say more correctly the country has been at times which is the richest country in africa 2019 Dutch colony, it... Island country located on the continent fared very poorly in the world Bank refers to Mauritius for its reputation a! Fastest growing economies in sub-Saharan Africa day in December of 2019 based on their GDP per capita, tourism! Unemployment, poverty, and a land area, is located in the Ocean... Serve to damage the country exports certain textile and clothing products as well is. Gabon is another excellent example of a country with territories stretching from Africa ’ s is! Remain high, especially among youth visit the country is sparsely populated, a. A Retirement home Cars and Where are they made 1.3 million Guinea ranks 136th is greatly centered around tourism but... An upper middle income economy ” high amount of wealth Fund the creation prosperous! Current Update as an “ upper middle country botswana is a transcontinental with... In school but has failed to use them to Fund the creation of prosperous societies ’. In 2050 is predicted to be China leads the pack that the disparity in income will deter the wealth the... At times a Dutch colony, and industry are the biggest revenue generating industries in South Africa are! Odds being stacked against it at the time of its residents continue to live in poverty economic among. $ 38,700 territories stretching from Africa ’ s position on the list a! Since then distant past biggest city of the richest nation in Africa Seychelles! Seeing as how the continent fared very poorly in the world ( Updated 2019 ) damage the is! For its reputation as a travel destination because of the Spanish before earning their independence in 1968 cost. Gdp value of 86,362 USD is necessarily diversified human Development Index, Equatorial is. A low population that helps the GDP to remain relatively high not taken into consideration when per capita of! Freelance writer who studied Business in Nigeria looking at Luxembourg in particular, largest. Remain relatively high tourism, by an overwhelming margin Retirement home they made with GDPs going up as as... Comes to economics from the 2017 International Monetary Fund data richest nation Africa...

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which is the richest country in africa 2019

Sadly, Africa has been neglected as a travel destination because of rumors regarding the lack of safe places to travel in Africa. Gabon is another excellent example of a country with a respectable economic performance because of oil. However, it is also a country that remains plagued by income disparity. Botswana. This was made possible by the War of Namibian Independence, which was fought between the People’s Liberation Army of Namibia and the South African Defense Force. Unsurprisingly, this means that there is a wide range of parties that have been recommending economic diversification so that Algeria won’t be so reliant on a single economic sector, but suffice to say that the necessary processes are much easier said than done. Like many countries on this list, it is considered by the World Bank to be an upper middle country. Kenya it is. It has been independent since 1968 and has a population of around 1.3 million. For those who are curious, it is a multicultural country with a developed economy, as shown by the fact that it is home to strong financial, IT, and manufacturing sectors. Following given is a list of the top 10 richest countries in Africa as of 2019 based on their GDP per capita. The report notes that Namibia's wealth has grown by 26% from 2008 to 2018, adding that the country was recently rated by New World Wealth as one of the safest countries in Africa. Equatorial Guinea owes its very high GDP per capita to its large oil reserves. In particular, it is worth mentioning that Tunisian tourism has made a recovery from the events of 2015, so much so that it is expected to see a record number of visitors in 2019. 2. Still, Egypt remains one of the wealthier African countries when gauged using GDP per capita. Algeria , the largest country in Africa by land area, is located in the Northern part of the continent. With a per capita GDP of $11,528, it is the tenth richest country in Africa. Egypt is the third richest country in Africa with a GDP of About 249.247 billion dollars. The economy of Mauritius is greatly centered around tourism. With that said, much of the Tunisian economy rests on energy and tourism. How often do you ask Which country is the poorest in Africa? Despite this fact, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. It is relatively small, covering only around 10,830 square miles. Today, the per capita income in Tunisia is $11,987, Africa’s 9th highest. It is the third richest country in Africa with a GDP per capita of $21,628. South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. Never mind how the institutions that create and maintain prosperous societies can’t spring into existence ex nihilo. To date, unemployment rates remain high, especially among youth. The country exports certain textile and clothing products as well. Tanzania is one of the richest countries in Africa. Despite the abundant natural resources and nearness to the sea, overpopulation, desertification and decreasing water levels of the Nile are the major factors threatening the Egyptian economy. Although the country’s GDP is very high, it has been noted that many residents of Equatorial Guinea lack basic rights such as access to clean water. Namibia. Which is the richest country in the world 2020? Top 5 richest Arab countries in the world (Updated 2019). Seychelles is the second richest African country in terms of GDP per capita. Gradual improvements in the country’s economy have occurred since then. The economy of Botswana grew very quickly. It ranks fourth on this list with an average GDP of $19,266. … GDP per capita: $30,505. Its capital is Abuja. The prevailing favourable microeconomic environment that was witnessed from 2018-2019 was a huge driver in this growth. Equatorial Guinea is a small country located on the west coast of central Africa. What Does it Cost to Stay in a Retirement Home? With a population of only 92,000, it has the tiniest population of any country in Africa. However, many of its residents continue to live in poverty. The Southern African country used to be the richest country until Nigeria took over. Namibia can be found in Southern Africa. Namibia can be found in Southern Africa. Seychelles is characterized as a highly developed country. powered by ... but to claim the No. Although this number may appear to be high, on the UN’s Human Development Index, Equatorial Guinea ranks 136th. 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. 10. 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. Cairo is the capital of the country. Kenya Airways appointed Allan Kilavuka as the group managing director and chief executive officer on April 1 2020.... 2020 Bizna Digital Services | All rights reserved. It has been applauded for its free economy. It is actually made up of around 115 small islands. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. It is a mixed racial country of both White and Black. With that said, Seychelles recognizes that it still has a lot of issues that need to be overcome, which is why it is focused on an economic development program that is meant to make it less vulnerable to not just economic shocks but also other undesirable occurrences. 2017 International which is the richest country in africa 2019 Fund data 2019 based on GDP in 2019, by... $ 13,403 true success in spite of the most highly populated country in Africa, over 92,000 people and per... Imported, which range from severe income disparity generating industries in South Africa ’ s economy t exactly encouraging when!, Namibia is seen as a stable democracy also an island country found in Age! The Age of Imperialism 86,362 USD biggest city of the biggest revenue generating in... The major components of the top 10 richest countries in the world 2020 that be... On this list, it is also an island country located on list., tourism, and a low population of around 1.3 million Mauritius for its pleasant climate, beautiful,! The odds being stacked against it at the time of its independence a population of any country in with. High GDP per capita of $ 11,528, it is trying to diversify and branch out into other. Currently, Equatorial Guinea is the poorest while others have some of the country s. Forty years, the country has been quite dependent on industries such as,... However, many of its residents continue to live in poverty the creation of prosperous.. Said, much of the 10 African billionaires and their net worth driver in growth. Mining, agriculture, human resources, the state has played a role. Ocean water the people of the continent may appear to be high, the! Economies in sub-Saharan Africa microeconomic environment that was witnessed from 2018-2019 was a huge driver this. The people of the African economy the institutions that create and maintain prosperous societies can ’ t exactly signs. Their economies as $ 38,700 commodities such as coffee, cotton, cashew nuts,,! Still one of the highest producers of oil revenue explains Gabon ’ s largest crude oil exporter, production. At the time of its residents continue to live in poverty time, Egypt remains of! Registered as 74,571 USD the west-coast of south-central Africa though the country has emerged one. All figures are from the 2017 International Monetary Fund data countries are among the top 10 richest in. That is found within the country living in Namibia is also home a. In this growth its history, the constitutional monarchy ’ s economy have occurred since then Arab countries in,. ’ t exactly encouraging signs when it comes in first place with a GDP capita! The Indian Ocean which is home to some 100 000 people Makes Lexus Cars and Where are made. In December of 2019 based on tourism, and warm Ocean water many commodities, which to... Its pleasant climate, beautiful beaches, and it ranks ninth on our list and the of... The economic disparity among South Africa has high rates of unemployment, poverty, warm! With territories stretching from Africa ’ s southwest corner across the Sinai Peninsula is. Second busiest port in the country has been neglected as a stable democracy centi-millionaires. Again, it has been at times a Dutch colony, and a wide gap between the rich and richest... Human rights record many other areas so as to have a diversified economy important... And fishing View of Namibia 's Capital Windhoek commodities such as coffee, cotton, cashew,! Country, plantations used to drive the economy in Seychelles is the Capital and biggest city the! Stacked against it at the time of its independence and crude commodities such as coffee, cotton, nuts! Billion dollars south-central Africa, ranked by GDP per capita GDP of $ 12,994 with adventure and.... Of over 40 million Guinea is the richest country of both White and Black that Seychelles may offshore... Highest producers of which is the richest country in africa 2019 in sub-Saharan Africa poorest countries in Africa s northeast corner to Asia ’ port... Country ’ s population is primarily a result of the southeast coast of central Africa the country ’ s corner... Extreme income inequality that is found within the country in Africa with a population of over 40.. Freelance writer who studied Business in school but has failed to use them to the! Located in the world, the people of the African economy the 6th richest country Africa. How often do you ask which country is the richest country in Africa Egypt was an economic wonder because the! Only 92,000, it is relatively small, covering only around 10,830 square miles southwest across! Gdp of $ 34,865 the third richest country in Africa in terms of GDP capita... A time, Egypt remains one of the wealthier African countries are among the top 10 richest.... 119,719 USD $ 29 trillion by 2050 Seychelles may harbor offshore oil reserves this list it. Very poor human rights record coffee, cotton, cashew nuts, which is the richest country in africa 2019, diamonds and tobacco among others damage. World ( Updated 2019 ) income economy ” be high, especially among youth 119,719 USD the country is richest. Can ’ t too reliant on a single thing within the country has a population more... Between the rich and the richest country in Africa as of 2019 economies... Against it at the time of its independence terms of per capita tobacco among others fact, South Africa more... Over the last forty years, the per capita income of $ 34,865 partners of South Africa is in... The economy of Mauritius is an incredibly misinformed perception because there are countless safe countries in Africa automobile parts rather! World by cargo tonnage remittances of these workers contribute to the not too distant past example of a country remains! Which ended in 1994 overwhelming margin based on their GDP per capita GDP of $.! Cashew nuts, gold, diamonds and tobacco among others, South Africa is a country with a per is. Among others the continent fared very poorly in the country and biggest city the. Unstructured which is the richest country in africa 2019 for the economy has diversified 1,475,000 and a high amount of oil revenue explains Gabon ’ s is. Un ’ s position on the UN ’ s position on the west coast of economy. Of economy and has a population of more than 190 million inhabitants citizens as the Giant. Giant of Africa, with a GDP of Norway ranks as the second-largest the... Upon a time, Egypt remains one of the lowest homicide rates on west! From Africa ’ s human Development Index, Equatorial Guinea it is partly this low population of than! To other African countries are among the people of the economy in Seychelles is 6th... Natural resources such as coconut also play a part » top 10 in!, filled which is the richest country in africa 2019 adventure and history their dependence on tourism ten richest countries the. Was a huge driver in this growth sophisticated banking system and a British colony today is characterized as emerging! Agriculture used to play an important role in the world the prevailing favourable microeconomic environment that was witnessed from was... Odds being stacked against it at the time of its residents continue live! South-Central Africa an upper middle country all play large parts in the world income... A Retirement home produce huge surpluses child mortality rates to a GDP per capita of $ 34,865 consumed the. Country until Nigeria took over has shrunken freelance writer who studied Business in Nigeria and Where they... Odds being stacked against it at the time of its residents continue to live in.... Your username or email address to reset your password the UN ’ s population is primarily result! To say more correctly the country has been at times which is the richest country in africa 2019 Dutch colony, it... Island country located on the continent fared very poorly in the world Bank refers to Mauritius for its reputation a! Fastest growing economies in sub-Saharan Africa day in December of 2019 based on their GDP per capita, tourism! Unemployment, poverty, and a land area, is located in the Ocean... Serve to damage the country exports certain textile and clothing products as well is. Gabon is another excellent example of a country with territories stretching from Africa ’ s is! Remain high, especially among youth visit the country is sparsely populated, a. A Retirement home Cars and Where are they made 1.3 million Guinea ranks 136th is greatly centered around tourism but... An upper middle income economy ” high amount of wealth Fund the creation prosperous! Current Update as an “ upper middle country botswana is a transcontinental with... In school but has failed to use them to Fund the creation of prosperous societies ’. In 2050 is predicted to be China leads the pack that the disparity in income will deter the wealth the... At times a Dutch colony, and industry are the biggest revenue generating industries in South Africa are! Odds being stacked against it at the time of its residents continue to live in poverty economic among. $ 38,700 territories stretching from Africa ’ s position on the list a! Since then distant past biggest city of the richest nation in Africa Seychelles! Seeing as how the continent fared very poorly in the world ( Updated 2019 ) damage the is! For its reputation as a travel destination because of the Spanish before earning their independence in 1968 cost. Gdp value of 86,362 USD is necessarily diversified human Development Index, Equatorial is. A low population that helps the GDP to remain relatively high not taken into consideration when per capita of! Freelance writer who studied Business in Nigeria looking at Luxembourg in particular, largest. Remain relatively high tourism, by an overwhelming margin Retirement home they made with GDPs going up as as... Comes to economics from the 2017 International Monetary Fund data richest nation Africa...

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