List Of Richest Countries In Africa 2020

This is a list of richest countries in Africa as of 2020 by GDP (PPP) per capita according to the latest research by the 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.

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 2020.

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