Data Pandas Logo

Richest African Countries

Richest African Countries

Wealth and Prosperity in Africa

Africa, the world's second-largest and second-most populous continent, encompasses a rich mosaic of cultures, ethnicities, languages, and climates. Alongside these vast diversities, there is a spectrum of economic disparities between its countries. This article focuses on understanding the economic standpoints of African nations, with a specific emphasis on the continent's wealthiest countries.

Our analysis took into consideration the Gross National Income (GNI) per capita, a measure that represents a country's total income divided by its population. It's an effective gauge of a country's economic wellbeing and people's living standards. 

Key findings from the data include:

  • Seychelles tops the list of Africa's richest countries by GNI per capita, at $15,874.5. This affluence is likely due to its booming tourism industry and relatively small population.
  • Mauritius comes in second with a GNI per capita of $10,216.3. The country's robust financial sector, firmly established tourism industry, and growing tech sector all contribute to its economic prosperity.
  • Gabon and Botswana take the next spots, with the GNI per capita of $8,820.3 and $7,737.7, respectively. Gabon's economy relies heavily on its oil production, whereas Botswana benefits from diamond mining and tourism.
  • More populous African countries such as South Africa, Egypt, and Algeria also make the list, with GNIs per capita ranging from $6,776.5 to $4,273.9.

These findings provide a snapshot into the economic strength of countries in Africa. While it's encouraging to see this wealth, it's important to bear in mind that overall economic prosperity doesn't necessarily mean wealth is equally distributed, as income inequality is an issue in many African nations. Unpacking these complex economic realities can guide effective policies to promote broad-based growth and reduce poverty.

10 Richest Countries in Africa

By Country

Full Data Set

To sort the data in the table, click on the column headers.

Frequently Asked Questions

Source

Year: 2022

Source: GNI per capita, Atlas - The World Bank

State Name

1.
Sample Content
Need Help?:
Need the full dataset or have any questions? Our team is happy to help. Contact us at: [email protected]