The Republic of Djibouti is a country located in the higher part of east Africa, called the Horn of Africa. Agreed. It comes in first place with a GDP per capita of $34,865. Nigeria: 1,900,000 barrels/day; Nigeria is, beyond a reasonable doubt, one of the most important countries in Africa. On 1 July 1962, the nation declared independence, changing its name legally from Rwanda-Urundi to Burundi. The Sahara and the Libyan Desert are two major desert regions in Egypt, covering most parts of the county. South Sudan’s capital city is Juba and the country has a population of about 12.58 million people. And Mohammad Morsi was elected President after wide public support. When he was just six years old, he became the king of Egypt. The South African economy is the second largest in Africa and the 28 th-largest in the world, leading to the World Bank to rank it as an upper-middle income … However, in recent years, the economy has diversified. Its wealth grew 195%. It was one of the victims of Arab Spring and President Hosni Mubarak who succeeded Anwar Saadat was deposed. During elections, people cast their votes in The Gambia by dropping stones in holes. If you've ever felt like there must be more to life, this site is for you. Mozambique is the largest of its kind. The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. Here are the top 10 countries of Africa which are thriving: 10. Metals and gemstones are vital to the economy of Botswana. It’s truly an awesome post, I have got a much clearer idea concerning Africa and its riches from this. The economy of Gabon revolves around oil. Agriculture, human resources and industry are the major pillars of the African economy. Crude oil accounts for more than 85% of all foreign exchange and revenue generation is tied to fluctuations in the price of oil. Mauritius’s economy deeply centers on tourism. South Africa is enlisted among the top 10 countries in the world for income inequality. The other top 10 countries all have per capita wealth of under $10,000. It was one of the victims of Arab Spring and President Hosni Mubarak who succeeded Anwar Saadat was deposed. Africa oh Africa wake up from your slumber, This is true. The cost of living is comparatively high. Top 10 Richest Oil Countries In Africa 2020. Along the way, I share my journey and strategies on Travel, Art and Life. In eastern Central Africa, Rwanda is a landscaped republic located south of Equator. Thanks for all the research. Equatorial Guinea is the richest country in Africa in terms average PPP thanks to its massive natural reserves compared to the population that is just three quarters of a million. Egyptian men and ladies wore make-up. Djibouti GDP per Capita: $5,855. It is safe to say Equatorial Guinea tops the list in the Richest Countries in Africa 2020. The criteria used is the country’s GDP and the Purchasing Power Parity (PPP). Seychelles ($25,600) 3. Sheikh Professor Doctor President is the official title of the Gambian president. Mayotte is an Indian Ocean archipelago between Madagascar and Mozambique’s coast. The South African economy is the second largest in Africa and the 28 th-largest in the world, leading to the World Bank to rank it as an upper-middle income economy. Let’s roll! Top 10 Richest Countries In Minerals In Africa 2020. Thanks for letting me know. The continent boasts a wide range of natural resources. Djibouti GDP per Capita: $5,855. NIGERIA. It has also large portion of arable land. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. It is located in the Horn of Africa. Ethiopia. God bless u. West Africa simply is not a country because it has no military or political system in its own right or similar to that of other countries. There is a common perception that Africa is rich in resources but has failed to use them to fund the creation of prosperous societies. Here is a list of the top 10 Richest men in Africa. Other than beers being kept in Tombs in Ancient Egypt, toilets were also found. Namibia - $11,528 Aerial View of Namibia's Capital Windhoek. Based only on GDP, Nigeria is the richest country in Africa in 2019. It ranks as the second richest country of Africa, with a reported GDP Per Capita of $34,865. Funny thing is that most of Africa doesn’t know it either. The Wealth Record. It has therefore a big potential of being top five in Africa. Here we discuss the 10 wealthiest countries in Africa 2020 and the nature of their economies. Welcome to Africa—the second largest continent in the world. These reveal a wealth of information about the wealth of the country… However, the country’s politicians are known to be corrupt and the wealth is not distributed fairly. See which country has the best economy in Africa and which factors contribute to their success! Either each list is using different ways of measuring or their is inconsistent data somewhere. 10 10 Libya GDP (PPP): $76.52 billion. Is Africa Big Compared to other Countries | African Hype, Pingback: Harmonize Kushoto Kulia Lyrics and Download | African Hype, Pingback: Top 10 Richest Presidents in Africa 2019 | African Hype, Pingback: Beautiful African Women Photos | Where to Find them? GDP: $62.224 Billion; GDP Per Capita: $1,105; Global Ranking: 74th; Population: 60 Million+; Category: Developing ; Currency: Tanzanian Shilling (Tsh) On the tenth spot in this list of the top ten richest countries in Africa, we have Tanzania. This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). In 2011, it achieved independence from the Republic of Sudan and is now widely recognized as the newest sovereign state. West Africa has a total of 16 countries with a total population of about 381 million people. This contributes to the highest GDP per capita in Africa … A significant quantity of goods consumed here is imported, hence highly priced. The economy of Botswana grew very rapidly. , would’ve been higher on this list if only extreme political corruption were eradicated…too many political loopholes rife with corrupt entities at both national & county levels. Top 10 Richest Countries In East Africa 1. Top 10 Richest Countries in Africa. These reveal a wealth of information about the wealth of the country, the standard … Nevertheless, the people of this region have continued to be exploited for decades and poverty has been a major calamity. The 10 Richest Countries in Africa. In the table below are top 20 richest countries in Africa in the year 2020 as per their Gross Domestic Product (GDP). Based on its GDP per capita of $36515, Equatorial Guinea is the richest country in Africa. Nigeria: 1,900,000 barrels/day; Nigeria is, beyond a reasonable doubt, one of the most important countries in Africa. Based on its GDP per capita of $36515, Equatorial Guinea is the richest country in Africa. Equatorial Guinea . Mauritius ($18,333) 5. Pharaoh Pepi II was allegedly sprinkled honey on the naked slaves, drawing flies from him. Their official languages include French, English, and Kirundi. A significant quantity of goods consumed here is imported, hence highly priced. Old Egyptians had so many gods that each city had its own favorite deity literally. You can find man-made sites in the Sahara desert such as the various monuments of the Samir Lama, abandoned WW2 trucks and landing strips, Every single Egyptian president was either arrested by the army or died in office, The Ancient Egyptians are thought to have been among the first to discover the first methods of contraception in this case women would use crocodile feces and honey as an efficient spermicide. We are the Pearl of africa, I used to sing it as: Nigeria comes first among the richest countries in Africa with the most recent GDP figure standing at $504.57 billion. Kenyans are known for being great long-distance runners. And Mohammad Morsi was elected President after wide public support. The Central African nation is relatively small, with a population of little more than 1.2 million people and a landmass covering 10,830 square miles. Top 10 Richest Countries In Africa by Onyitexx(m): 6:49am On Dec 15, 2020 Africa is the continent with the highest number of countries, it is also the second-largest in the world. The Suez Canal’s proceeds, gas, tourism and agriculture are fundamental pillars of this economy. Eritrea’s capital city is Asmara and its official language is Tigrinya. No, West Africa is not a country but it is the westernmost region of Africa. It is home to numerous beaches, coral reefs, natural parks, and rare animals, including the giant tortoises of Aldabra. It is therefore no surprise that uranium brings in the biggest chunk of Niger’s national income. Nigeria is abundantly blessed with many resources that make the country one of the richest countries in Africa. Proud to be an African thank you, Thank you very much for this article . Mozambique is a nation in East Africa whose long coastline has popular beaches, including Tofo and offshore marine parks. They invented clocks, too. Here are the top 10 richest African countries. Image credit: Nate Hovee/Shutterstock.com. Nigerian Flag. GDP has nothing to do with it. Rwanda’s capital city is Kigali and it is one of the cleanest capitals in Africa. This list of richest countries in Africa will reveal some of the best kept secrets of the enormous wealth that flows in this black continent. Tanzania’s capital city is Dodoma. The criteria used is the country’s GDP and the Purchasing Power Parity (PPP). All through its history, the country has been at times a Dutch colony, a French colony, and a British colony. Equatorial Guinea is located in Central Africa. Tanzania has so much resources which some of them are yet to be discovered. Thank you for a very informative article it’s eyes opener. SoulSonic Comes Out With a Powerful New Single ‘Rise’, Enjoy the Melodic Hook of Hip-Hop with “Shey You Know My Name” by Suave, Solomon Kee is The ‘Candy Man’ We All Love, AG Da Profit Finally Hts The International market, 4EvaKnockin Comes Out With new Single ‘Raw’, Copyright © 2020 AfricanHype.com. The topography of the highlands of Malawi, a landlocked country in the Southeast, is distinguished by the Great Rift Valley with its massive Lake Malawi. Question: How many countries are in East Africa? A Central African country, Gabon sits on the West African coast. In spite of the plentiful natural resources and proximity to the sea, huge population, desertification and diminishing water levels of the Nile are the foremost factors intimidating the economy of this nation. They exports gold, coffee beans, and some other products. Giraffe tail swatters have been a popular fashion item in ancient Egypt. TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. Niger Republic; Niger Republic is a West African country that is rich in uranium, coal, cement, and gold. Largest Countries in Africa by Population. Ethiopia is one of the oldest countries in the world and its territorial scope has varied throughout its thousands of years. In that mine uranium is extracted. Botswana ($15,000) 6. Zambia has a population of 17 million people with its capital city being Lusaka. !, Apart from minerals, Tanzania also has HELIUM (non renewable GAS), what happening, zambia as got a huge down fall in these past couple of years. Located in the Northern part of the continent is a country that goes by the name Algeria. Africa is the second largest continent in the world, and is the host continent to some pretty rich countries. Here are some pictures of countries in West Africa: What is West Africa Known for? Its wealth grew 195%. Libya has dominated our headlines worldwide for the past few years, with their civil war … Good job, great to hear this!!! The following list looks at countries with the highest GDP per capita rates on the continent. Tanzania is famous for having the highest mountain known as Mount Kilimanjaro and also for its wildlife-rich national parks such as the Serengeti Nation Park. Mike Adenuga had made a name for himself in the past in the oil sector and there were times he was the second on this list of richest Africans. All figures are from the 2017 International Monetary Fund data. We’ve compiled a list of these top 10 richest African countries based on their current economic performances and their GDP per capita1. The country has a population of over 40 million. List of Top 10 Richest Countries in Africa 2015. Cairo is the hub of Egypt’s economy. Yes,I’m surprised Egypt isn’t #1 my next candidate for #1 was South Africa or Morocco, oh,my my my beautiful Ethiopia . Zambia is a landscaped country in East Africa with rough terrain and wildlife, and numerous parks and safari areas. The 10 ‘richest’ countries in Africa 1. The Nigerian market is seen as one of Africa’s largest markets, but this is more of a consumer market that buys more than it sells. The country is sparsely populated with a total population of roughly two million. 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. It is the tenth richest country in Africa on this list of top 10. We need to use the resources and wealth wisely, and channel this to the rightful people so that everyone can enjoy. It is well thought-out to be a middle-income country. Wow.so good to see Nigeria as number 1,it sounds unbelievable tho I’m a Nigerian, can’t wait to visit other countries in Africa. Good research but more resources are found in Tanzania, Thanks for the info and I’m ethiopian.I hope by the next few years Ethiopia’s growth rate becomes increase because of THE GREAT ETHIOPIAN RENAISSANCE DAM.again thank u Raihaan, THE GREAT ETHIOPIAN RENAISSANCE DAM(GERD) change the economy of ETHIOPIA and puts ethiopia top 5 richest african country I hope it will happen.thank u for the info Raihaan. Yes, I was still under 10yrs old. The Central African country is the third largest oil producer in Africa. Join me as we x-ray the top 10 richest countries in Africa in 2016. Top 10 Richest African Countries. Nonetheless, over recent decades, oil production in Gabon has been declining. The existence of hundreds of thousands of land mines has left Eritrea facing environmental issues such as continuous deforesting, desertification, soil erosion, overgrazing, and major land losses. Yeah welcome Bongo Land.., Thank you very much may God bless you. Tunisia is located in North Africa. […] However, South Africa is enlisted among the top 10 countries in the world for income inequality. Madagascar has a population of about 25.57 million and the island is famously known for wildlife and culture. A low population of 1,475,000 and a high amount of oil revenue reveals the current position of the nation’s economy and a per capita of $ 19,266. Seychelles is characterized as a highly developed country. I am pretty sure your perception about Africa as probably poor will change after reading this piece. The country’s economy is chiefly based on tourism, by a vast margin. Sadly, he dropped from number 2 from the top 10 richest men in Africa 2019 to land at number 3 this year. Uganda is widely seen as a peaceful country with low rates of crime. Saint-Denis is the capital city of Reunion. There is 795 sq km of unclaimed land at the border between Egypt and Sudan. Equatorial Guinea tops the list of African nations in terms of GDP per capita. GDP of Nigeria: $397.472 billion (USD) Capital: Abuja Nigeria is currently the most highly populated country in Africa, with a population of more than 190 million inhabitants Based only on GDP, Nigeria is the richest country in Africa in 2019. My ultimate guide of insider tips to know BEFORE you go. However, there are some African nations that are ranked among the developed countries in the world presently. You may agree or disagree with this statement, but one thing no one can deny, is that this country is the richest oil country … Only an inch per year of rain in Egypt falls on average. Mayotte is the smallest country in East Africa and has a population of 270,372 people. There are five regions in total in Africa: Southern Africa, The last ship of slaves departed from Benin(then known as Dahomey) for. Many poorest countries found in the continent of Africa. Lebanon ($13,100) 7. Africa as a continent has all the resources, we need. The country’s economy relies greatly on gas and petroleum. Last modified January 4, 2021, No way Tanzania is ahead of DRC- Congo in term of natural resources, Oh Well hey they ain’t wrong An Egyptian father named his newborn daughter “Facebook” in commemoration of Facebook’s role in the Egyptian Revolution of 2011. Equatorial Guinea ($38,000) 2. Tanzania. Namibia – $11,528 . It has a population of about 29.67 million and its capital city is Maputo (which was once known as  “Lourenço Marques” from 1876 to 1976). Q : Which is the richest country in Africa and what is per capita income? Diamonds put Sierra Leone in this country on the map being the most mined mineral there. By. Mozambique, although a beautiful country and lots of tourist attractions, has ever been listed as the poorest country. Top 10 Richest Countries In Africa. It is a nice job about wealth in Africa. Officially known as the Republic of Tanzania and has a total population of 57.31 million led by John Magufulli as the president. Funny thing about Tanzanians is that they don’t know anything about GDP. Fantastic site! No, West Africa is not a country but it is the westernmost region of Africa. Nigerian Flag. Makeup in Ancient Egypt was thought to have healing powers and it also helped to protect the skin from the sun. Thanks so much. Gained a wealth of information. Aswan high dam is the largest dam in the world, which is designed to contain the rushing waters of the Nile. However, income inequality is also rampant. French is the official language in Guinea. God live us all together. Most of the country’s villages have no electricity or running water and there is not enough infrastructure for the country with just 10,000 kilometers of asphalt roads. There are five regions in total in Africa: Southern Africa, East Africa, West Africa, Equatorial Africa, and the African Transition Zone. It is located 2.000 km off the African continent’s south-east coast. Why you do this to me every-tim. A home for extraordinary people around the world. 10. Also located on the horn of Africa, Ethiopia is the largest country in East Africa and has a population of 106 million people. Me too. Although this figure may appear to be high, on the UN’s Human Development Index, Equatorial Guinea ranks 136th. This is a continent blessed with various mineral resources, which in return bring riches to the continent. | African hype, The Great Pyramid of Giza weighs about 6.5 million tons. Top 20 Richest Countries In Africa By GDP Per Capita. Its … Pingback: Who is the richest man in Africa? Average … Among African countries, Mauritius also experienced the highest growth in wealth over the decade 2007-2017 (see middle chart). However, income inequality is also rampant. The following is a description of the ten richest nations in Africa and the nature of their economies. The ancient Egyptian Mummy bandages could stretch for 1,6 km, unwrapped. Egyptians claimed their souls would live forever in the afterlife by preserving the body of one dead person, which they did in the process of mummification. Because of which it has over 15% of the people still living below the poverty line. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. Seychelles is characterized as a highly developed country. This is quite easy to believe because the country’s population is far below a million inhabitants while the GDP hovers around $2.4 billion. Top 10 Richest Oil Countries In Africa 2020. Out of a love for travel, writing, photography, sharing stories and a desire to inspire others, I created this space to connect with other like-minded individuals. It has the largest population in Middle-East and is the nation known for pyramids and the Great Sphinx. 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