Facts, Popular

Top 10 Richest Countries In Africa

4) Botswana – $17,101 (GDP per capita)

Since gaining independence in 1966, Botswana has had one of the world’s highest economic growth rates. This has seen Botswana transformed from one of the poorest countries in the world to a competent middle income economy, owing to stringent fiscal discipline and management by the country’s government. Whilst the economy is dominated by diamond mining, there are also strong farming, tourism and financial service sectors. Although the country is in rude financial health; there is still has a long way to go to deal with HIV/AIDS within Botswana, with the country having the second highest adult prevalence rate in the world.

Botswana

3) Gabon – $20,612 (GDP per capita)

Although Gabon has declining oil production, it is still the fifth largest oil producer in Sub—Saharan Africa. An over reliance on the oil sector for the past 40 years has seen the country attempt to develop a more diverse economy, to little success so far. The high oil production within the country has helped them to develop and advance the education system within the country. Although with oil reserves running low maintenance of the school system is beginning to suffer with no alternative funding yet found.

Libreville Gabon

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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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