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List Of Richest Countries In Africa 2019

by Victor Matara

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.

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.

 

 

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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