Top 20 Richest Countries in Africa 2017 Based On GDP per Capita

Top 20 Richest Countries in Africa 2017 / 2018

African is blessed with vast amounts of mineral reserve. These include gold, cobalt, platinum, chromium, manganese, diamond, uranium and many more. Unfortunately, many African countries have been unable to harness these resources into great wealth { Top 20 Richest Countries In Africa 2017 / 2018 }.

However, there are still a handful of African countries that have done otherwise. We’ve compiled a list of these top 20 richest African countries based on their GDP per capita.

Top 20 Richest Countries in Africa 2017 Based On GDP per Capita

  • 1. Equatorial Guinea

richest countries in Africa 2017

Equatorial Guinea Among The Richest African Countries By GDP per capita 2017

Based on its GDP per capita of $36515, Equatorial Guinea is the richest country in Africa. Oil discovery in this nation in1996 was the event that turned the economy around.

  • 2. Gabon

Gabon ranks as the second richest country in Africa with a GDP per capita of $15960.

  • 3. Botswana

The government of Botswana has been able to channel the country’s revenue from diamonds into development. Botswana’s GDP per capita is $14753.

  • 4. Mauritius

Mauritius is the fastest growing wealth market in Africa. One of the major factors that have promoted growth is the favourable government policies. In fact, Mauritius is ranked number 1 in Africa in terms of ease of doing business.

  • 5. South Africa

One third of Africa’s 50 richest individuals are South Africans. The overall GDP of this country is $555, 000, 000, 000

  • 6. Libya

Crude oil accounts for a large portion of Libya’s revenue. Their GDP per capita stands at $10129 and the overall GDP is $66, 941, 000, 000

  • 7. Tunisia

The gross domestic value of Tunisia is over $100 billion dollars.

  • 8. Algeria

This is another Northern Africa country that ranks among the top richest with a GDP per capita of $8715.

  • 9. Namibia

Namibia is another country on the list with a GDP per capita $6826. 

  • 10. Egypt

With a gross domestic of over $500 billion, Egypt is one of the richest countries in Africa Although recent crises in Egypt has affected the economy of the country, their GDP per capita still stands at $6324

  • 11. Swaziland

The GDP per capita of Swaziland stands at $6099.

  • 12. Angola

Angola is one of the top oil-producing countries in Africa. Angola’s GDP per capita is $5930

  • 13. Morocco

With a gross domestic product of $162, 617, 000, 000; Morocco is one of the richest African countries.

  • 14. Democratic Republic of Congo (DRC)

DRC ranks among the top 20 richest countries in Africa based on its GDP per capita of $4429.

  • 15. Cape Verde

The GDP per capita of Cape Verde is $4123.

  • 16. Nigeria

This oil rich country of sub-Saharan Africa is the highest exporter of crude oil in Africa. Nigeria has a GDP per capita is $2, 532.

  • 17. Cameroun

The overall GDP of Cameroun is $47, 251, 000, 000 and their GDP per capita is $2383

  • 18. Djibouti

This country has investments from some of the world super powers. Djibouti’s GDP per capita $2231 and the overall GDP is $2, 231, 000, 000

  • 19. Sudan

This North African nation has a GDP per capita of $2141.

  • 20. Ghana

Richest African Countries By GDP per capita 2017

Ghana is blessed with agricultural and mining resources and it has a GDP per capita of $1884.

That’s all on Top 20 Richest Countries In Africa By GDP Per Capita 2017

Related: Top 10 Richest Man in Africa and Their Net Worth

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