Facts, Popular

Top 10 Richest Countries In Africa

2) Equatorial Guinea – $23,370 (GDP per capita)

Equatorial Guinea owes its high position on this list to a small population of just 736,296, which has also helped it to 32nd in the world in terms of gross domestic product per capita. Whilst the country has a relatively low population it has enormous oil reserves and is one of the largest oil producers in Africa. Whilst many would believe this to be reflected in the country’s living conditions, inequality is rife within the country with the government and officials renowned for corrupt behavior. This means that whilst the country may rank highly on this list the majority of the population actually live under the poverty line.

Equatorial Guinea

1) Seychelles – $25,229 (GDP per capita)

With the highest gross domestic product per capita, the Seychelles is ranked as the richest country in Africa. The country is made up of one-hundred and sixteen small islands with a population of just 92,000 (as of 2012). The Seychelles is the smallest country in Africa.

This owes much to the ample opportunity for shipments and fishing due to a plethora of coastline.

Furthermore, the country has long been known as a getaway for the rich and famous meaning it contains numerous hotels and shopping resorts. Seychelles has the best beaches in Africa.

Seychelles

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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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