Search results
This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). GDP (PPP) per capita is given in international dollars. Note that the list excludes overseas departments Mayotte and Réunion (France), both west of Mauritius. List of African countries by GDP (PPP) per capita
Rank Country Nominal GDP (Billion US$) Per Capita (US$) 1 Egypt 398.397 3,770.133 2 Nigeria 390.002 1,755.326 3 South Africa 380.906 6,190.742 4 Algeria 224.107 4,874.706
RankCountryNominal Gdp (billion Us$) [6] [7]Per Capita (us$) [6] [7]1398.3973,770.1332390.0021,755.3263380.9066,190.7424224.1074,874.706People also ask
Which is the richest country in Africa?
Which country has the largest GDP per capita in Africa?
Which country has the highest GDP per capita?
What is the richest country in the world?
- Using Gross Domestic Product (GDP) to Measure The Wealth of African Countries
- Top 10 Richest African Countries by Overall GDP*
- Shortcomings of GDP and Strengths of GDP Per Capita and GNI Per Capita
- Richest African Countries by GDP Per Capita (Current US$ - World Bank)*
- Gross National Income (GNI) Per Capita of African Economies
While there are several ways to compare various nations' wealth, one of the best methods is to evaluate each country's gross domestic product, or GDP. This is the value of all the goods and services produced by a nation in a given year. GDP is typically expressed in one of two ways. The first is in current US dollars (USD or US$). The second method...
Ranked by GDP in current USD, Nigeria comes out as the richest country in Africa during the year 2021. Nigeria is the most populous country in Africa, with 211 million residents—nearly twice the population of Egypt—contributing to its GDP. Nigeria is a lower-middle-income, mixed economy focused upon petroleum and (to a lesser extent) agriculture. I...
Although GDP is an extremely valuable metric, it is also quite broad. For example, it disregards the number of citizens contributing to a country's GDP, which means a country with a vast, but less effective workforce can post a higher GDP than a country with a smaller, but more efficient workforce. GDP can also be distorted by the financial sector ...
Switching the measurement to GDP per capita has a significant impact on the list of Africa's richest countries. Seychellesis the richest country when using this metric. The Seychelles economy is primarily driven by fishing, tourism, boat building, processing coconuts and vanilla, and agriculture, especially cinnamon, sweet potatoes, tuna, and banan...
A final metric often used by economists to compare the wealth of different countries is gross national income, or GNI. While GDP measures the value of the goods and services a country creates, GNI measures the total income obtained through those goods and services. GNI also tracks money that enters or exits a country's economy as part of internatio...
Dec 15, 2023 · Dec 15, 2023. Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2022. The value amounted to 20.3 thousand U.S. dollars. Equatorial Guinea followed with 11.3 ...
GDP per capita (current US$) - Africa. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Also Show. Details. Label. 1960 - 2022.
Aug 31, 2023 · IMF. by. Anna Fleck , Aug 31, 2023. With a GDP per capita of $19,470 in 2022, Seychelles is Africa's most prosperous nation. Highly dependent on tourism, the archipelago's economy remains highly ...
GDP (PPP) GDP per capita Peak year Africa: 9,490.335: 5,921.88: ... List of African countries by GDP (nominal) List of African countries by Human Development Index;
