Highest Paying countries in Africa: These African Countries Pay the Highest Salaries - Listwand

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Highest Paying countries in Africa: These African Countries Pay the Highest Salaries

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Thanks to growing economies and the improving political situation in many African countries, Africa now has plenty of job opportunities to explore.

Highest Paying countries in Africa: These African Countries pay the Highest Salaries

So, if you are planning for your next big career move and wish to know the countries that pay the Highest salaries then this article is for you

Numbeo, a body that provides timely information on world living conditions recently listed the countries in Africa with the highest paying jobs and salaries. And below are the top 10:

10. Algeria ($295.22)

Algeria is classified as an upper middle income country by the World Bank. Algeria, whose economy is reliant on petroleum, has been an OPEC member since 1969. Its crude oil production stands at around 1.1 million barrels/day, but it is also a major gas producer and exporter, with important links to Europe. Having one of the largest reserves of natural gas in the world, hydrocarbons have been the backbone of the economy, accounting for roughly 30% of GDP, and nearly 95% of export earnings. People in Algeria are paid an average of $295.22 a month.

Algeria’s unemployment rate stood at 11.7 percent in September 2018, unchanged from the same month in 2017, the government said on Monday.

But joblessness was up 0.6 percent compared with the 11.1 percent recorded in April 2018, according to data released by the National Statistics Bureau.

Unemployment among people aged 16 to 24 years rose to 29.1 percent from 26.4 percent in April 2018 and 28.3 percent in September 2017.

Construction employs 16.1 percent of the total workforce, followed by public administration at 15.8 percent and healthcare at 14.4 percent, the statistics bureau said.

9. Ghana ($313.00)

Ghana is an average natural resource enriched country possessing industrial minerals, hydrocarbons and precious metals . It is an emerging designated digital economy with mixed economy hybridisation and an emerging market with 8.7% GDP growth in 2012. It has an economic plan target known as the “Ghana Vision 2020”. This plan envisions Ghana as the first African country to become a developed country between 2020 and 2029 and a newly industrialised country between 2030 and 2039.

Ghana’s rich and diverse natural resources, as well as its stable political system and respect for press freedom and free speech, have contributed to the growth of its economy. Apart from the oil sector, its economy is driven by manufacturing, automotive, industrial minerals, ship construction, among others. The country has an average monthly salary of $313.00.

In 2018, the unemployment rate in Ghana was at approximately 6.71 percent of the total labor force which is above the worldwide unemployment rate, and compared to other Sub-Saharan African countries and other regions, Ghana has a relatively average rate of unemployment.

Highest Paying countries in Africa: These African Countries pay the Highest Salaries

8. Zimbabwe ($352.78)

Minerals, gold, and agriculture are the main foreign exports of Zimbabwe. Tourism also plays a key role in its economy.

Despite some of its economic and political shortfalls, the country has some of the best average wages. The average monthly salary after tax is $352.78.

In 2016, the total contribution of tourism to Zimbabwe was $1.1 billion (USD), or about 8.1% of Zimbabwe’s GDP. It is expected to rise 1.4% in 2017. Employment in travel and tourism, as well as industries travel and tourism indirectly supports, was 5.2% of national employment and is expected to rise by 1.4% in 2017.

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7. Morocco ($402.41)

Morocco’s economy is considered a relatively liberal economy governed by the law of supply and demand. Since 1993, the country has followed a policy of privatisation of certain economic sectors which used to be in the hands of the government. Morocco has become a major player in African economic affairs, and is the 5th African economy by GDP (PPP).

The average net salary in Morocco is $402.41 per month, and with a stabilizing economy, a lot of expats are mostly attracted to the country. If you want to make it big in the country, enter the well-paying job sectors; these are human resources, manufacturing, banking, business, and finance as well as tourism.

Morocco’s unemployment rate eased to 8.5% at the end of June from 9.1% percent a year earlier,

6. Tanzania ($321)

Industry and construction is a major and growing component of the Tanzanian economy, contributing 22.2 percent of GDP in 2013. This component includes mining and quarrying, manufacturing, electricity and natural gas, water supply, and construction. Mining contributed 3.3 percent of GDP in 2013. The vast majority of the country’s mineral export revenue comes from gold.

A recent World Bank report said Tanzania’s economy has witnessed impressive annual growth averaging between 6 to 7 percent. Most people are dependent on agriculture, with insurance and financial services being the highest paying sectors. Numbeo estimates that the average net salary in Tanzania after taxation is $321.

Unemployment Rate in Tanzania is expected to be 9.7% as at 2018 percent. according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania Unemployment Rate is projected to trend around 9.30 percent in 2020.

Unemployment is higher for females than for males.

5. Mauritius ($666.66)

According to the World Bank, the country has an upper-middle income economy. Mauritius is ranked as the most competitive and one of the most developed economies in the African region. The country is a welfare state; the government provides free universal health care, free education up to tertiary level and free public transport for students, senior citizens, and the disabled.

Mauritius was ranked among the safest or most peaceful countries by the Global Peace Index 2019.

The region is also one of the best countries in Africa to do business with a stable political system, people in Mauritius are paid an average monthly salary of $666.66. Its highly paid sectors are finance, manufacturing, and tourism.

The unemployment rate in Mauritius declined to 6.6% in the second quarter of 2019 from 7.0% in the same quarter of the previous year. The number of unemployed persons decreased by 1,400 to 39,100 while employment rose by 12,300 to 553,800.

4. Namibia ($753)

Namibia’s economy is tied closely to South Africa’s due to their shared history. The largest economic sectors are mining (10.4% of the gross domestic product in 2009), agriculture (5.0%), manufacturing (13.5%), and tourism.

The cost of living in Namibia is relatively high because most goods, including cereals, need to be imported. Its capital city, Windhoek, is the 150th most expensive place in the world for expatriates to live.

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Having sufficient diamond deposits and being among the world’s top five producers of uranium, the average net salary in Namibia after taxation is $753 per month.

Unemployment Rate in Namibia decreased to 33.40 percent in 2018 from 34 percent in 2016.

3. South Africa ($1,188.89)

The World Bank classifies South Africa as an upper-middle-income economy, and a newly industrialised country. Its economy is the second-largest in Africa, and the 33rd-largest in the world . In terms of purchasing power parity, South Africa has the seventh-highest per capita income in Africa. However, poverty and inequality remain widespread, with about a quarter of the population unemployed and living on less than US$1.25 a day.

Having the highest number of wealthy persons in Africa, South Africa is also the continent’s mining, industrial, and financial hub. Most of its highest-paid professionals are software engineers, lawyers, IT managers, air traffic controllers, and architects. The average monthly net salary after tax is $1,188.89.

2. Zambia ($1,482.22)

Zambia is a landlocked country in southern Africa, with a tropical climate, and consists mostly of high plateaus with some hills and mountains, dissected by river valleys.

Presently, Zambia averages between $7.5 billion and $8 billion of exports annually. About 60.5% of Zambians live below the recognised national poverty line, with rural poverty rates standing at about 77.9% and urban rates at about 27.5%. Unemployment and underemployment in urban areas are serious problems. Most rural Zambians are subsistence farmers.

Data from Numbeo show that Zambia has an average monthly salary of $1,482.22 while the cost of living and rent is low compared to many African countries. The GDP per capita is $1,607.36, with its lucrative sectors being finance and banking, mining and telecommunication.

Unemployment Rate in Zambia decreased to 7.15 percent in 2019 from 7.21 percent in 2018.

1. Libya (Average Monthly Net Salary: $1,713.77)

The Libyan economy depends primarily upon revenues from the oil sector, which account for over half of GDP and 97% of exports. Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of crude oil.

Libya faces many structural problems including a lack of institutions, weak governance, and chronic structural unemployment. The economy displays a lack of economic diversification and significant reliance on immigrant labour.

Despite the mayhem that followed the death of ex-leader Muammar Gaddafi and the pockets of violence that are still in the country, Libya’s job market remains lucrative. The economy of the mostly desert and oil-rich country has been favourable, with statistics from Numbeo showing that the average monthly net salary after tax in Libya is $1,713.77.
Among the world’s ten richest oil-producing countries, some of the highest-paying jobs are in oil and mining, as well as, in banking and finance.


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