Top 20 Richest Countries In Africa, 2021

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Top 20 Richest Countries In Africa, 2021

The list below compiles the top 20 richest countries in Africa according to their GDP per capita.

**GDP per capita is a measure of a country’s economic output that accounts for population. It divides the country’s gross domestic product by its total population. That makes it the best measurement of a country’s standard of living. It tells you how prosperous a country feels to each of its citizens.

20. Congo, Rep. – $1,972

Top 10 Richest Country In Africa, 2021

The Republic of the Congo is a country located in the western coast of Central Africa.

The economy is a mixture of village agriculture and handicrafts, an industrial sector based mainly on petroleum.

The GDP of the Republic of the Congo decreased by 2.66% in 2020 and is expected to grow by 1.2% in 2021. It is the 20th richest country in Africa with a GDP per capita of $1,972.

19. Nigeria – $2,097

Nigeria: Richest Country In Africa, 2021

Nigeria is a lower-middle-income economy country in West Africa that borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is Africa’s largest economy by nominal GDP surpassing Egypt and South Africa, it is also the 19th richest country in Africa with a GDP per capita of $2,097.

18. Sao Tome and Principe – $2,157

Sao Tomé and Príncipe : Richest Country In Africa, 2021

Sao Tome and Principe is acountry in central Africa, located on the Equator in the Gulf of Guinea. The country’s economy has historically been dependent on agriculture, and much of the total agricultural area of the two islands belongs to the state. It is the 18th richest country in Africa with a GDP per capita of $2,157.

17. Cote d’Ivoire – $2,325

Richest Country In Africa, 2021

Côte d’Ivoire also known as Ivory Coast is a country located on the south coast of West Africa.

Cote d’Ivoire is the largest economy in the West African Economic and Monetary Union, constituting over 40% of the monetary union’s total GDP. The country is the world’s largest exporter of cocoa beans, and the fourth-largest exporter of goods in sub-Saharan Africa. It is the 17th richest country in Africa with a GDP per capita of $2,325.

16. Ghana – $2,328

Richest Country In Africa, 2021

Ghana is a country in West Africa. Ghana is the second-most populous country in West Africa, after Nigeria.

Since 1993, it has maintained one of the freest and most stable governments on the continent, and performs relatively well in metrics of healthcare, economic growth, and human development.

Ghana is classified as a middle income country. Services, followed by manufacturing, extractive industries, and taxes account for the country’s GDP. It is the 16th richest country in Africa with a GDP per capita of $2,328.

15. Morrocco – $3,009

Richest Country In Africa, 2021

Morocco, officially the Kingdom of Morocco, is the northwestern most country in the Maghreb region of North Africa. It is the 15th richest country in Africa with a GDP per capita of $3,009.

14. Cabo Verde – $3,064

Top 10 Richest Countries In Africa, 2021

Cabo Verde, also called Cape Verde, country comprising a group of islands that lie off the west coast of Africa. The country has a per capita GDP of $3,064, and is the fourteenth richest country in Africa.

Since the early 1990s, Cape Verde has been a stable representative democracy, and has remained one of the most developed and democratic countries in Africa. The economy of Cape Verde is service-oriented, with commerce, transport, and public services accounting for more than 70% of GDP. In 2008 the country graduated from Least Developed Country to Middle Income Country status.

13. Algeria – $3,310

Algeria: Richest Country In Africa, 2021

Algeria, the largest country in Africa, is located in the Northern part of the continent. It is the 6th richest country in Africa with a GDP per capita of $3,310. The country has a population of over 40 million. Like many countries on this list, it is considered by the World Bank to be an upper middle country.

12. Tunisia – $3,319

Tunisia: Richest Country In Africa, 2021

Tunisia is a North African country bordering the Mediterranean Sea and Sahara Desert. The country has a per capita GDP of $3,319. it is the twelfth richest country in Africa.

11. Djibouti – $3,425

Djibouti: Richest Country In Africa, 2021

Djibouti, is a mostly French and Arabic speaking country located in the Horn of Africa.

Djibouti’s economy is largely concentrated in the service sector. Commercial activities revolve around the country’s free trade policies and strategic location as a Red Sea transit point. The GDP (purchasing power parity) in 2019 was estimated at $3.325 billion. Per capita income is around $3,425.

10. Eswatini – $3,415

Eswatini: Richest Country In Africa, 2021
Eswatini is a landlocked country in Southern Africa. Eswatini’s economy is very closely linked to the economy of South Africa, from which it receives over 90% of its imports and to which it sends about 70% of its exports. Eswatini’s economy is diverse, with agriculture, forestry and mining accounting for about 13% of GDP, manufacturing (textiles and sugar-related processing) representing 37% of GDP and services – with government services in the lead – constituting 50% of GDP. It ranks tenth on our list with a per capita GDP of $3,415.

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9. Egypt – $3,547

Egypt: Richest Country In Africa, 2021

Egypt is a transcontinental country with territories stretching from Africa’s northeast corner to Asia’s southwest corner across the Sinai Peninsula. Egypt shares its borders with the Gaza Strip and Israel, the Red Sea, Gulf of Aqaba, Red Sea, Sudan, and Libya. Cairo is the capital of the country. It ranks eighth on our list with a per capita GDP of $3,547.

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The economy of Egypt depends on agriculture, tourism, natural gas, and petroleum imports, as well as revenues from the Suez Canal. A large number of Egyptians also work abroad. The remittances of these workers contribute to the wealth of the nation.

8. Libya – $3,699

Libya is one the Richest Country In Africa, 2021

Libya is a country in the Maghreb region in North Africa. Libya is the fourth largest country in Africa and is the 16th largest country in the world. Libya has the 10th-largest proven oil reserves of any country in the world. In the early 1980s, Libya was one of the wealthiest countries in the world; its GDP per capita was higher than some developed countries. Currently the country is the eighth richest country in Africa with a GDP per capita of $3,699.

7. Namibia – $4,211

Namibia: Richest country in Africa

Namibia is located in Southern Africa. The country has a per capita GDP of $4,211, it is the seventh richest country in Africa. Mining, agriculture, manufacturing, and tourism all play large parts in the country’s economy. The country is sparsely populated, with a population of around 2 million.

6. South Africa – $5,090

South Africa is the 6th Richest Country In Africa, 2021

South Africa, the southernmost country on the African continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. The country has a mixed type of economy and has a relatively high GDP compared to other African countries. The country ranks sixth on the list with an average per capita income of $5,090.

5. Botswana – $6,711

Botswana is the 5th Richest Country In Africa, 2021

Botswana is located in southern Africa. The country is known for its reputation as a stable democracy. It is the 5th richest country in Africa with a GDP per capita of $6,711.

4. Gabon – $7,005

Gabon is the 4th Richest Country In Africa, 2021

A Central African country, Gabon is located on the west African coast and is bordered by Equatorial Guinea, Cameroon, and the Republic of the Congo. Libreville is the capital and biggest city of the country. It ranks fourth on this list with an average GDP per capita of $7,005.

3. Equatorial Guinea – $7,143

Top 10 Richest Countries In Africa, 2021

Equatorial Guinea is a country located in Central Africa. It is relatively small, covering only around 10,830 square miles. The population measures at around 1,222,245. It is partly this low population that helps the GDP to remain relatively high. It comes in third place with a GDP per capita of $7,143.

2. Mauritius – $8,622

Top 20 Richest Countries In Africa

Mauritius is an island country located in the Indian Ocean off of the southeast coast of the African continent. Throughout its history, the country has been at times a Dutch colony, a French colony, and a British colony. It has been independent since 1968 and has a population of around 1.5 million. It is the second richest country in Africa with a GDP per capita of $8,622.

1. Seychelles – $11,425

Top 20 Richest Countries In Africa, 2021

Seychelles is an island country found in the Indian Ocean. It is actually made up of around 115 small islands. With a population of less than 100,000, it has the tiniest population of any country in Africa. It ranks as the richest country in Africa, with a reported per capita GDP of $11,426.

 

Rank Country Name GDP Per Capita (International Dollar)
1 Seychelles $11,425
2 Mauritius $8,622
3 Equatorial Guinea $7,143
4 Gabon $7,005
5 Botswana $6,711
6 South Africa $5,090
7 Namibia $4,211
8 Libya $3,699
9 Egypt $3,547
10 Eswatini $3,415
11 Djibouti $3,425
12 Tunisia $3,319
13 Algeria $3,310
14 Cabo Verde $3,064
15 Morocco $3,009
16 Cote d’Ivoire $2,325
17 Ghana $2,328
18 Sao Tome & principe $2,157
19 Nigeria $2,097
20 Congo, Rep. $1,972


Source: World Bank World Bank National Accounts Database, 2021.



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