Facts, Popular

Top 10 Richest Countries In Africa

6) South Africa – $11,914 (GDP per capita)

South Africa is a dual economy with one of the world’s highest inequality rates, owing much to the history of exclusion within the country. The South African economy is the second largest in Africa and the 28th-largest in the world, leading to the World Bank to rank it as an upper-middle income economy. This is however contrary to the fact that at least a quarter of the country’s population is unemployed and living on less than US$1.25 per day.

Central_Cape_Town-South-Africa

5) Mauritius – $16,100 (GDP per capita)

Mauritius place on this list owes very much to the attitude of its government. Since the country’s independence in 1968, successions of governments have implemented free-market economics which have in turn created a highly competitive market. With no natural resources to exploit Mauritius economy has relied heavily on tourism, information technology and financial services. A booming economy has seen the country also attract lots of foreign investors, seeing the World Bank rank it as a middle income economy. This is even more impressive when you know it is the 3rd smallest country in Africa.

Port Louis Mauritius Island

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11 Comments

  1. Pingback: Top 10 Most Developed Countries In Africa 2014 (HDI)
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      Blame it on the gap between the rich and the poor. It is income inequality that’s positioning SA badly. And please note that this article says, ‘GDP Per Capita.’ In terms of GDP alone, SA should be number 1 or 2. Egypt and Nigeria have huge GDPs as well.

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