Africa is one of the largest continents in the world and the home to 54 sovereign states. Although regarded as the poorest continent, there are some progressing economies in Africa which are quite wealthy.
This list reflects the GDP per capita. This is the gross domestic product, or total market value of goods and services produced by the national economy during the last year, in regards to each person in the country.
Here’s the top 10 Richest Countries in Africa as of 2015 ranked by GDP per capita:
10) Algeria – $7,500 (GDP per capita)
Algeria is the second largest oil producer in Africa, and this accounts for the majority of the country’s economy generating 70% of total budget receipts. In addition to this the country has an enormous supply in a number of minerals, including iron, lead, copper, zinc and mercury. Algeria is the biggest country by area in Africa.
9) Namibia – $8,200 (GDP per capita)
Whilst Namibia is one of the richest countries in Africa income is not evenly distributed with half of the country’s population living below the poverty line. The economy is dominated by the production of minerals with Namibia being one of the richest places in Africa for strategic minerals. This is shown by their position as one of the world’s highest quality producers of diamonds.
I don’t agree with this … especially on south Africa , it suppose to be the first or second
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.
South Africa supposed to be number one!!!
lol
they said richest countries and not most developed african countries
giving us some wrong update, where do you place Egypt and Nigeria?
Egypt and Nigeria are both just outside the top 10. Feel free to check the World Bank data: http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=DZ-EG-NG
wher is ghana and south africa
How does the weather effect health through all Africa?
Ghana is in west Africa while SA is to the southern part of Africa
It’s amazing:Algeria has enormous oil reserve despite the predominance of desert