List Of Richest Countries In Africa 2019

List Of Richest Countries In Africa 2019

List Of Richest Countries In Africa 2019,

 

This is a list of richest countries in Africa as of 2019 by GDP (PPP) per capita according to the latest research by International Monetary Fund (IMF). Africa is a natural resource-rich continent. In fact, the continent holds around 30% of the world’s known mineral reserves. Sadly, this does not reflect the state of Africa’s economy. Very few countries have been able to fully utilise these untapped resources. The main reason being political instability and lagging behind in terms of technology.

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Using  Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP),  Equatorial Guinea ranks as the richest country in Africa as of 2019 with a GDP (PPP) per capita of $34,865 while the Central African Republic is the poorest with a GDP (PPP) per capita of $681. GDP per capita is a measure of a country’s economic output divided by its total population while purchasing power parity (PPP) is a measure of price level differences across countries based on currency values.

Below is the full list of richest countries in Africa by GDP (PPP) per capita 2019.

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List Of Richest Countries In Africa 2019

Country

GDP per capita (PPP) in US Dollars

1

Equatorial Guinea

34,865

2

Seychelles

28,712

3

Mauritius

21,628

4

Gabon

19,266

5

Botswana

18,146

6

Algeria

15,150

7

South Africa

13,403

8

Egypt

12,994

9

Tunisia

11,987

10

Namibia

11,528

11

Swaziland

9,882

12

Libya

9,792

13

Morocco

8,612

14

Cape Verde

6,942

15

Angola

6,813

16

Republic of the Congo

6,707

17

Nigeria

5,927

18

Ghana

4,605

19

Sudan

4,580

20

Mauritania

4,474

21

Zambia

3,997

22

Lesotho

3,869

23

Ivory Coast

3,857

24

Djibouti

3,567

25

Kenya

3,496

26

Cameroon

3,359

27

Tanzania

3,283

28

São Tomé and Príncipe

3,208

29

Senegal

2,678

30

Chad

2,433

31

Uganda

2,352

32

Zimbabwe

2,277

33

Benin

2,219

34

Mali

2,169

35

Ethiopia

2,113

36

Rwanda

2,081

37

Guinea

2,039

38

Burkina Faso

1,884

39

Guinea-Bissau

1,806

40

Sierra Leone

1,791

41

Gambia

1,686

42

South Sudan

1,503

43

Togo

1,612

44

Comoros

1,560

45

Madagascar

1,554

46

Eritrea

1,434

47

Mozambique

1,266

48

Malawi

1,172

49

Niger

1,153

50

Liberia

867

51

Burundi

808

52

Democratic Republic of the Congo

785

53

Central African Republic

681

54

Somalia

N/A

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