The Richest Countries In Africa

Africa is a continent full of natural resources and can be one of the wealthiest regions in the world. However, it is currently one of the poorest regions. This is primarily due to colonialism, exploitation by outside powers, and economic and political instability within many African countries. Despite these challenges, several countries in Africa are doing well economically.

Africa is a vast continent with over 1.2 billion people, making it the second-most populous continent globally. Yet, it is also one of the poorest and least developed. While many countries in Africa are plagued by poverty, famine, and disease, there are also several countries that are rich in natural resources and have thriving economies. In this article, we will look at the wealthiest countries in Africa.

The Richest Countries In Africa

 

10. Tanzania

Tanzania
Tanzania

According to a report by African Development Bank (AfDB), Tanzania is the richest country in Africa. Many natural resources, including diamonds, gold, and uranium. Its economy is also diversified, with sectors such as agriculture, mining, and tourism contributing significantly.

 

9. Sudan

Khartoum, Sudan
Khartoum, Sudan

Sudan is one of the wealthiest countries in Africa. Located in the northeast region of the continent, Sudan has over 41 million people and a GDP of over $124 billion. The country is rich in natural resources, including oil, gas, gold, and uranium. Sudan also has a robust agricultural sector, with fertile land to produce wheat, maize, and sorghum. Yet, despite its wealth, Sudan faces many challenges.

 

8. Kenya

Kenya safari
Kenya safari

Kenya has been listed as the wealthiest country in Africa. In March of 2019, the report ranks Kenya as the top country with a gross national income per capita of $1,680. However, the report also finds that, although Africa is a continent of great wealth, it is still home to some of the poorest countries in the world. Out of the 48 countries ranked, 35 are located in Sub-Saharan Africa.

 

7. Ethiopia

beautiful landscape In Ethiopia
beautiful landscape In Ethiopia

Ethiopia is the richest country in Africa regarding GDP per capita. The country has an annual GDP of $1,700. This is due in part to its large agricultural sector. Ethiopia is one of the poorest countries in Africa, but it is also one of the richest countries in terms of natural resources.

 

6. Morocco

Morocco
Morocco

Morocco is located in northwestern Africa and has over 33 million people. The country has over $107 billion and is classified as a high-income economy. Morocco’s main exports are clothing, phosphates, and vegetables. The country’s main imports are petroleum, cars, and wheat.

 

5. Angola

Angola
Angola

Angola is a country located in southern Africa. It is the seventh-largest country on the continent and has over 24 million people. Angola has a rich history and culture and is home to some of the richest countries in Africa. The economy of Angola is based mainly on oil and gas exports, which account for more than 95% of the country’s exports.

 

4. Algeria

Algeria
Algeria

Algeria is the largest country in Africa, and it’s also one of the richest. The country has a GDP of $284 billion, making it the seventh most prosperous nation on the continent. Much of this wealth comes from natural resources, including oil and gas reserves. Algeria also has a large agricultural sector, which contributes to its economy. However, Algeria faces many challenges despite its wealth, including high unemployment and poverty rates.

 

3. Egypt

Egypt
Egypt

Egypt is one of the richest countries in Africa. The country has a GDP per capita of $5,600 and $224.5 billion. The country’s economy is based on agriculture, industry, and services. Egypt’s main exports are oil and gas, cotton, and textiles. The country’s main imports are machinery, foodstuffs, and chemicals.

 

2. South Africa

South Africa
South Africa

Africa is a continent that is full of surprises. It is home to some of the poorest countries in the world, as well as some of the richest. South Africa is one of the richest countries in Africa. It has a GDP per capita of $11,521. This is much higher than the African average of $2,016. South Africa’s economy is based on mining and agriculture. The country also has a strong manufacturing sector.

 

1. Nigeria

Nigeria
Nigeria

Nigeria is a country located in Western Africa. It is the most populous country in Africa and the 7th most populous country in the world, and The Richest Countries In Africa; Nigeria is also the most economically diverse country on the continent, with vibrant agricultural, commercial, and industrial sectors. Despite its large population, Nigeria’s GDP per capita is high, making it one of the wealthiest countries in Africa.