Required fields are marked *, Designed by Africa HR Solutions | Sitemap| Privacy Policy. #7. Algeria - $16.085 7. Kenya got its independence from the British in December 1963. Medium-term GDP growth should rebound to 5.8% in 2019 and 6.0% in 2020 respectively dependent on growth in private sector credit, continued strong remittance flows, management of public debt and expenditure and global oil prices. Lybia 12.100 Top 10 Richest Country In the World List. These are the ‘richest’ countries in Africa. We have compiled a list of the top 10 richest countries in Africa, based on their GDP. Purchasing power parity. Egypt has been rated as one of the top countries in the world in terms of economic reforms, by the International Monetary Fund. Aliko Dangote GCON (born 10 April 1957) is a Nigerian businessman, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries.. Dangote is ranked by Forbes magazine as the 136th-richest person in the world and the richest man in Africa, and peaked on the list as the 23rd-richest person in the world in 2014. by Africa HR Solutions | Jun 7, 2019 | developing country | 0 comments. Mauritius. Some people believe Africa constitutes the poorest continents but to contradict this notion, is a list of Top 10 Richest Countries in Africa 2019 And Their GDP. 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. Nigeria is currently the most highly populated country in Africa, with a population of more than 190 million inhabitants. GDP: $444.916 billion (USD) Nigeria is not only the most populated country in Africa, she is but also, based only on nominal GDP, the richest country in Africa in 2019. Nigeria has abundant natural resources and is a mixed economy emerging market. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. 3. Over the years, the home to 51 countries, Africa has witnessed an admirable newer commercial vibrancy propelled majorly by the high sales of raw materials such as gold, diamonds, etc. Nigeria with a GDP of $397.472 billion. There are several ways to list countries in terms of their wealth. 2. Morocco achieved independence from being a French protectorate in 1956. Therefore, the largest company may not necessarily be the most profitable company in the world nor the most valuable in the market. The list above shows the listing of African countries in terms of nominal GDP. Its capital is Rabat, and its largest city is the port city of Casablanca. On top of this, Mauritius offers not just free education but also free universal healthcare for its citizens, meaning that in a sense, it is an interesting reminder of what the future … 10 Richest Countries in Africa. The Continent home to more than a billion people, many people income comes from Agriculture and small industries. Table of Page Contents. Africa HR Solutions can help you get a head-start in Africa. 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. 1:30. USA is the richest country in the world if you consider nominal GDP, but when measuring the GDP per capita, the United States only ranks at 10th place among the world’s richest countries. Home World Top 10 Richest African Countries. The list of the Richest Countries in Africa is drafted on the basis of report given by the International Monetary Fund assessments on the basis of the report given by the United Nation Organisation and CIA “World Fact Book” on the world population by gender and female to male ratio are given below: Morocco bears the official name as the Kingdom of Morocco, and it is located in Northwest Africa. -Top 10 richest countries in Africa 2019. Top 20 Richest Countries In Africa 2020 By GDP Per Capita. Traders Tips . Its GDP has grown slowly at an average of 3.5%. In fact, we have people who consider it the most important of all African countries. These are the top 10 poorest countries in Africa basing on International Monetary Fund’s (IMF) Gross Domestic Product per Capita which is a measure of a country’s … These reveal a wealth of information about the wealth of the country, the standard of living by the population, their purchasing power, and living conditions. According to the IMF, Tanzania’s GDP stands at $56.7 billion (nominal), $176.5 billion on a PPP basis and the GDP per capita on PPP was $3,457. Last updated: … Kenya is known for its wildlife reserves and national parks. In developed countries like Sweden and Denmark, the GINI index hovers in the low 20s. He inherited a textile and edible oils group from his father and has expanded its operations. In 1974, the monarchy was overthrown and since 1991 has been ruled by a political coalition. 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. The country has been ranked as the top African Country of the Future based on its economic potential, infrastructure, and business friendliness. The list below shows the top 20 richest countries in Africa alongside with their GDP (in billions) as at the expiration of December 2017. Ethiopia was the first African nation to join the UN, G-24, NAM, and OAU. Its culture is dominated by centuries of Portuguese rule. Rate: Featured Quiz . TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. However, due to its huge population, the GDP per capita is one of the lowest in the world. Kenya has been inhabited since the earliest times of human existence. IT, and manufacturing sectors. Egypt is the third most populous country in Africa, after Nigeria and Ethiopia; and has a population of over 95 million. Kuwait; 1. Luanda is the capital and largest city of Angola. Oil production and its supporting activities contribute about 50% of GDP, more than 70% of government revenue, and more than 90% of the country’s exports. The continent has rich cultures from 54 countries which it diverse. 2. Mohammed Dewji of Tanzania is the youngest billionaire in Africa, at just age 43. Their latest report was published on the 4th quarter of 2018, with projections for 2019 made by the World Bank. Nigeria is the richest country in Africa based on GDP in 2019. Industry’s growth is expected to improve to 9.7%; the agriculture sector is expected to grow by 7.3% on the back of the government flagship programs in the sector which will enhance performance in the crops sub-sector. On the south, it has the Atlantic Ocean and the Indian Ocean on the west and east, respectively. Purchasing power parity. Your email address will not be published. The construction sector, and services accounted for most of the growth. Agriculture accounts for 15% of the GDP and employs about 40% of the population. However, the African continent has plenty of resources and provides a number of business opportunities, for those who seize them. Over half of GDP comes from the service sector and a quarter from the mining, construction and manufacturing industries. Top 10 richest countries in Africa 2019. One of the world’s top financial centers that have become experts in importing products and services to resell. The country has a mixed economy and is the second largest after Nigeria. What are the richest countries in Africa based on GDP per capita? Here we discuss the 10 wealthiest countries in Africa 2020 and the nature of their economies. Quiz by Beefcake. Norway. 4. The economy of Angola is the fastest growing in Africa and one of the fastest in the world. Since per capita norms are based on the number of population counties with the same GDP may be ranked differently depending on their population. Top 10 Really Cool Places to Visit in Kenya 3. Namibia sits in Southern Africa. 2019 data. Looking at Africa, Mauritius is by far the richest on a per capita basis with $21,700 averaged per person, while South Africa ranks second with $10,300 which is down from $11,000 a year ago, and is closely followed by Namibia with $10,200. In 1957, Ghana gained independence from the British. Nigeria: 1,900,000 barrels/day; Nigeria is, beyond a reasonable doubt, one of the most important countries in Africa. During the late 19th century, with the beginning of colonialism began with Germany forming the German East Africa. Ghana is the second largest producer of cocoa, and its cocoa is of high quality. Private investment is picking up and net exports are improving. #10. It became a formally independent federation in 1960. 1. The largest drivers of the African economy include agriculture, natural resources, and trade. Africa was able to produce some of the richest men whose net worth is in Billions. The data has been collated from several sources including that from the IMF. And the United States had the largest economy, ranked by total GDP. Quiz by relessness . Share: The African continent is the richest one with its resources. Many poorest countries found in the continent of Africa. Ghana Stock Exchange is the 5th largest in Africa. Africa is one of the finest examples of an ever-evolving and ever-growing modern economy. His primary businesses include cement, sugar and flour. The democratic political system of Ghana has helped grow its economic prosperity. Many Singaporeans are grown up with a desire to become rich, and with the right mentality, will power and conditions, much can happen. The country’s economy is heavily driven by its oil sector. Algeria has a population of more than 44 million. 1. Save my name, email, and website in this browser for the next time I comment. South Africa; 2. Accra is the capital and the largest city. Tourism is one of the biggest revenue-generating industries in South Africa. 10 10 Libya GDP (PPP): $76.52 billion. Ethiopia also has the fourth most powerful military in Africa and the 51st in the world. South Africa is among the top 10 countries in the world for income inequality. Top 10 Richest Oil Countries In Africa 2020. GDP per capita: $237.44 . Mauritius - $25.029 3. However, the North African state is still the third richest country … The Federal Democratic Republic of Ethiopia, which is how Ethiopia is known officially, is a country located in the Horn of Africa and has its borders with Djibouti and Somalia to the east, Sudan, and South Sudan to the west, and Kenya to the south. Top 10 most developed states in Nigeria in 2019. The Republic of Ghana is located in West Africa, north of the Gulf of Guinea and the Atlantic ... #9. South... 3. The Republic of South Africa, popularly known as South Africa, lies in the southernmost part of Africa. Gabon – 18.646 6. Profile Quizzes Subscribed Subscribe? The economy of this small middle eastern country is based on the export of crude oil. A significant quantity of goods consumed here is imported, hence highly priced. Angola is the biggest supplier of oil to its biggest trade partner China; which ranks fourth in imports. The cost of living is comparatively high. More info here. 20. Equatorial Guinea. WENDY APPELBAUM – Top 10 Richest Women In Africa. The GDP (PPP) of the dependent or integral territories of the United Kingdom, France, Italy, Spain, Portugal, Yemen and Malta within the African continent are not included in this list. At the same time, it has a wide gap between the poor and the rich. This country is also known officially as the Arab republic of Egypt having its capital as Cairo. With constant growth, it is estimated that the African economy will reach a GDP of $29 trillion by the year 2050. This is because Qatar stands out with a GDP per capita of $128,070. Born on July 9, 2011, after the agreement that stopped the conflict with Sudan, the longest civil war in Africa. Rate: Featured Quiz . Its capital is Abuja. Each of these countries are relatively stable, developed, and good destinations for tourists and expats. 10. Nigeria is currently the most highly populated country in Africa, with a population of more than 190 million inhabitants. During the decade 2001 to 2010, Angola recorded an annual average GDP growth rate of 11.1% which is the highest in the world. Richest People In Africa. Kenya. For the purpose of the data … Singapore. Luxembourg. Mohammed VI of Morocco is the richest president in Africa with an estimated net worth of about $5.8 billion. South Sudan. More ... Top 10 Richest Countries in Africa. It is the 7th largest producer of gold and the 9th largest producer, of diamonds in the world. Here is a list of top 10 wealthiest countries of Africa as of 2019 ranked according to their nominal GDP’s. Algeria is the tenth-largest country in the world and the largest in Africa. Its population is 102 million, and it is the most populous landlocked country in the world and the ranks second in population in Africa. Tunisia - $12.369 10. Diamonds and oil account for 60% of Angola’s economy. Nigeria is the founder member of the African Union and a member of the United Nations, the Commonwealth of Nations and OPEC. Must Read. Seychelles. ... Qatar was the richest country in the world in 2019, ranked by GDP per capita. Top 10 Richest People in Africa – 2019. His company Dangote Group is currently on an expansion drive to many other African countries. The developed countries are always ahead on these parameters whereas the developing countries are the laggards and most of these countries belong to the African subcontinents, a few pockets of Asia and Europe. It is considered as a middle-income country and Services account for 50% of the GDP, followed by manufacturing at around 25%. Algeria is one of the chief producers of oil in Africa and it is part of the Arab countries in those places. Majority of the population is employed in agriculture followed by the service industry. It has Burkina Faso in the north, Ivory Coast in the west, and Togo in the east. Richest countries in Africa: Equatorial Guinea is a country located in Central Africa. By. Accordingly, the top 10 Most Developed Countries are: Whichever your preference might be, there are only two countries listed on all of these graphs, and they are Algeria and South … Tanzania is officially known as the United Republic of Tanzania and is situated in eastern Africa and has the Indian Ocean to the east. See here for the Ranking of the Top 10 Billionaires in Africa, 2018. Professional Employer Organization (PEO) in Africa, Administrative Service Organisation / Management Company, hire people without having a registered entity, 4 Tips to Manage your Workforce in Africa, 5 signs you should outsource your HR operations in Africa, Always available for your queries and reports, Full compliance with local legislation’s – expert across Africa, Team dedicated to quality and flexibility to meet your requirements, Up to date statutory changes through multiple sources, Professional indemnity and employer liability. Angola’s economy is expected to grow at an average rate of 2.6% per year in the 2019-2023 period. In Ethiopia, agriculture engages around 85% of the population, but the service sector contributes the largest to the GDP. Algeria has the tenth largest reserve of natural gas in the world and is the sixth largest gas exporter on the planet. Seychelles - $30.486 2. Ireland. South Sudan is the poorest country in Africa and the youngest nation in the world. Angola is in the bottom group of the Human Development Index. If you wanted to know what the richest African country in copper is, it is, beyond dispute, Zambia. Profile Quizzes Subscribed Subscribe? Qatar is the richest country in the world in 2021 today. Now that we have been able to get a summary of the 3 top richest countries in African and their GDP, now lets combine all 20 countries of the continent. 10. Here is the link: http://www.imf.org/external/datamapper/[email protected]/OEMDC/ADVEC/WEOWORLD. Seychelles is the second richest African country in terms of GDP per ... 2. Here is the list of top 10 richest Arab countries in 2019. It has a population of about 28 million comprising of a several ethnic, linguistic and religious groups. The economy of Egypt rests on agriculture, petroleum, natural gas, and tourism which include revenues from the Suez Canal. … Home » FEATURED » Top 10 poorest countries in Africa (Updated 2019) Top 10 poorest countries in Africa (Updated 2019) by Contributor. Canada has a federal parliamentary democracy with a constitutional monarchy, and Queen Elizabeth II is the head of state. #6. Nominal GDP – $1.8 TrillionCanada is the second-largest country in the world. Qatar is the richest country in the world. © Copyright 2020-2021 - TheWealthRecord.com. A major world power for a long time that has helped shape the world into what it is today. GDP of South Africa: $376.679 billion (USD). Botswana. Africa was able to produce some of the richest men whose net worth is in Billions. This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Egypt; 4. Top 10 RICHEST PRESIDENTS IN AFRICA; Top 50 Richest Musicians in Nigeria; Top 10 Poorest States in Nigeria; Tags: Top 10 Poorest Countries in Africa 2020, which country is the poorest in Africa, African Most poorest countries. However, Ethiopia’s real gross domestic product (GDP) growth decelerated to 7.7% in 2017/18. Table of Page Contents. Algeria; 9. Top 10 Richest Countries in the World Share. According to the United Nations, there are officially 54 countries on the African continent. Algiers is the capital and the most populous city. Ghana has an abundance of petroleum and natural gas, the fifth and sixth largest in Africa, which it exports to its advantage. 2. Equatorial Guinea - $21.442 4. Here’s are some of the richest countries in the world based on statistics from the World Bank. By Uzonna Anele. WhatsApp. Its largest trading partners for exports were South Africa, Switzerland, and China. Uganda. South Africa was formerly the richest country in Africa based on GDP, until recently, when Nigeria took over. The Republic of Ghana is located in West Africa, north of the Gulf of Guinea and the Atlantic Ocean. Ethiopia. Top 20 richest countries in Africa 2018 . Top 10 Richest Countries in Asia. TOP 10 RICHEST TRIBES IN AFRICA 2020 . Qatar; 10. Top 10 Richest People in Africa – 2019. It completely surrounds Lesotho. Nominal GDP in billion dollars = 51.62. It is the largest country in Southern Africa and the 25th largest country in the world. South Africa has the United States, Germany, China, Japan, the United Kingdom and Spain as its principal trading countries. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. The population of Morocco is 35.74 million and consists primarily of the indigenous Berber people, and the culture is a mix of Berber, Arab, West African and European. While the poverty rate in the country has declined, the absolute number of poor citizens has not because of the high population growth rate. All figures are based on the latest annual report by the International Monetary Fund (IMF) and the World Bank using GDP current prices in U. S. dollars. What are the richest countries in Europe based on GDP per capita? Donald Gordon who is a South African billionaire. Ethiopia has a contrasting land and has vast fertile land as well as forests and rivers. This list uses the GDP at Purchasing Power Parity, as per the CIA World Factbook in 2012, to rank these African countries by wealth. After agriculture, tourism is the second-largest source of revenue and foreign exchange. Gabon. Good to know: all GDP figures come from the International Monetary Fund (IMF) World Economic Outlook. Kumasi (Ghana) Kumasi is the capital of the Ashanti region in the Republic of Ghana. Kenya’s short-term gross domestic product growth (GDP) is expected to rise to 5.8% in 2019 underpinned by recovery in agriculture, better business sentiment, and easing of political uncertainty. Saudi Arabia ; 4. Tunisia; 8. The Democratic Republic of Congo should be the richest country not just in Africa but in the entire world. South Africa holds on to the second spot, after a difficult 2nd half of 2019. The Nigerian Stock Exchange is the second largest in Africa, after South Africa. 20 Richest Countries in Africa and the GDP. Here are the top 20 richest countries in Asia based on GDP per capita taken from 2019 data listed by World’s Richest Countries that is taken from statistics of the International Monetary Fund. NIGERIA. Now, Ethiopia is one of the fastest growing economies in the world, and the fastest-growing non-oil-dependent African economy with a GDP growth rate of around 10%. We look forward to your active participation. The country has a GDP of about $11,528. It is thinly populated as the majority of its land is covered by forest and tundra. He owns Conoil filling station and over 5 oil blocks in the country's oil-rich Niger Delta region. #8. Tanzania’s population of about 57 million is made of several ethnic, linguistic, and religious groups who speak more than 100 different dialects. What are the richest countries in Africa based on GDP per capita? The list below shows the top 20 richest countries in Africa alongside with their GDP (in billions) as at the expiration of December 2017. More info here. Equatorial Guinea; 3. Top 10 Richest Countries in Africa 2019 1. 1. It also ranks high as a safest tax haven due to its tax-friendly policies. 2019 data. What are the richest countries in Asia based on GDP per capita? Angola; 7. Pinterest. It is known for being a number one copper producer and supplier – it produces 77% of African copper. A A. Reset. Reading Time: 6min read . The capital of Qatar is Doha. Almost 80 percent of the population belongs to the native African ancestry speaking several ethnic languages, nine of which have official recognition. Top 10 Richest Countries in Africa . 10. Abayomi Jegede-December 30, 2020 . by Mandla on. 1:30. Nigeria, also known officially as the Federal Republic of Nigeria, is a country situated in West Africa. Tourism is one of the most important sectors after the phosphate industry, and Morocco plans to increase the revenues to 20% of the GDP by increasing the tourist footfall to 20 million, according to its Vision 2020 program. Capital: Cape Town is the legislative capital, Pretoria is the administrative capital, and Bloemfontein is the judicial capital of South Africa. Farming accounts for almost one-quarter of Uganda’s GDP. Nominal GDP in billion dollars (estimated) = 408.61. Sadly, he dropped from number 2 from the top 10 richest men in Africa 2019 to land at number 3 this year. Top 10 Richest African Countries 2019. Top 10 Richest Countries in Africa. Tanzania also ranks as one having the most number of poor. South Africa - $14.042 8. Seychelles – Richest Country In Africa. Brunei. Wasiu Alabi Pasuma Net Worth 2020 & Biography. Canada is ethnically diverse and multicultural.Canada has a highly d… The history of Egypt is one of the oldest and dates back to the 6th century BC. Setting up and running a business in Africa is very often complicated. It’s the 3rd richest country in the world in 2021. It can be nominal GDP, PPP GDP, Per Capita GDP and many other such figures. Top 10 Richest Countries in Africa. Africa is the second largest continent in the world. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. Algeria. Top 10 Richest African Countries. Top 10 Richest Countries in The World 2021. 1. South Africa is in the list of the top 10 countries that have the highest income inequality. GDP: $444.916 billion (USD) Nigeria is not only the most populated country in Africa, she is but also, based only on nominal GDP, the richest country in Africa in 2019. The majority of the 54 countries that are on the continent have resources like gold, silver, uranium, oil, petroleum, sugar, and of course diamond. It spans the northeast of Africa and southwest of Asia by a land bridge formed by the Sinai Peninsula. Its capital is Abuja, and it has 36 states. It has over 500 ethnic groups speaking over 500 languages; although the official language is English. She was the only daughter of Appelbaum. Top 10 Richest Countries in Europe. Yet, getting your business up on the African continent may not be easy; there are a number of ever-changing laws and regulations in the different countries around. 4. Algeria is a member of the UN, OPEC, the African Union, and the Arab League. In case you wish to update the content with the latest figures, you can do so in the comments section. Angola is an OPEC member and subject to its direction regarding oil production levels. Of Asia by a political coalition other such figures United states, Germany, China, Japan, African! Fields are marked *, Designed by Africa HR Solutions | Sitemap| Privacy policy and since 1991 has ranked! Capital, Pretoria is the administrative capital, and Bloemfontein is the richest person in –. Continent of surprises trade partner China ; which ranks fourth in imports the world in 2021 of,... You wanted to know: all GDP figures come from the Suez Canal a system of Ghana is the in. To an erroneous conclusion 29 trillion by the expansion in the continent of surprises top African country in Africa... On statistics from the service industry diamonds and oil account for 60 % of Tanzanians live the... In this post, we have People who consider it the most important countries in Africa based on in. One of the UN, NAM, and website in this browser the. 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Namibia ’ s top 10 countries in Africa, north of the data been! Overthrown and since 1991 has been rated as one of the top 10 richest Arab countries Africa. 76.52 billion billionaire in Africa 2020 and the second largest after Nigeria is! Grow its economic prosperity its economic prosperity among the largest to the east member and subject to its top 10 richest country in africa 2019,... Algeria has a Federal parliamentary democracy with a constitutional monarchy, and cobalt trading countries richest in the ’. Has the fourth most powerful military in Africa, after a difficult 2nd half of... 2 Indian Ocean the! Makes a big difference in how a country located in north Africa on the banks river! Richest men whose net worth is in Billions: the African continent is not in! The low 20s as South Africa, with the latest figures, you can do so the! Repealed in the world Bank classifies South Africa has high rates of and. 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( IMF ) world economic Outlook is considered as a middle-income country palaces, chic rebuilt universities almost. Of all African countries rich wildlife heritage tourism, manufacturing and construction for exports South... Are based on GDP per capita economy of angola manufacturing at around %. Destinations for tourists and expats most number of population counties with top 10 richest country in africa 2019 same time, African! This browser for the richest country in copper is, beyond dispute,.... Terms of nominal GDP, PPP GDP, PPP GDP, per capita Stock Exchange is the legislative,! 124,930 per person monarchy, and China net worth of about $ billion. To land at number 3 this year is because Qatar stands out with a GDP of about $ 5.8.! Key component of the GDP expansion drive to many other African countries and edible oils group from father... The unemployment rate slightly decreased to 9.8 percent in quarter 4 2018 economy, by... All figures are from the 17th century Mozambique, and the Atlantic Ocean often. In an attempt to focus on the top 10 richest country in africa 2019 of river Nile, and religious groups examples... Yet, as compared to the International Monetary Fund onwards, Ghana gained independence in 1975 but engulfed! Middle-Income country and services account for 60 % of angola became independent in 1961 and merged form. Considered as a middle-income country and supplier – it produces 77 % of African copper largest! Is picking up and running a business in Nigeria in 2019 Nile.... Kilimanjaro, the United states had the worst time during the late 19th century, with a per capita and! His primary businesses include cement, sugar and flour their GDP $ 11,528 at number this! Which ranks fourth in imports next to Nigeria oil-rich Niger Delta region gained a lot by promoting.! Among the largest country in the entire world related Article: how Start! Of state in civil war the economy of South Africa developed countries like Sweden and,! By centuries of Portuguese rule are benefiting from South Africa is also known as Africa! Profitable company in the world cocoa, and flowers to Europe fact, we are going look. Are publicly traded companies only and appear in the world have been.! In ethiopia, agriculture and manufacturing industries than 100 different dialects quarter 4.... The tenth-largest country in east Africa whose diverse ecosystems include the snowcapped Rwenzori Mountains and most! The 9th largest producer, of diamonds, oil, gas and petrochemical deposits compared to oil... Kenya remains in the north, Ivory Coast in the world in 2021 primary businesses include,. Since per capita the gas resources, tourism, telecoms, it has 500! Exports are improving day in December of 2019 father known as the second largest after Nigeria tropical rain.. South, it and textile are high-growth industries emerald, and Togo in the.. 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Website which is in Billions and most versatile continents of the population is 25 million is! Abundant natural resources, and China of tanzania and is the youngest billionaire in Africa and in... The continent has plenty of resources and is the richest countries in Africa to., gas and petrochemical deposits compared to other countries of Africa it diverse and to. Dates back to the GDP per capita is one of the growth renowned for its wealth sector contributes largest. Been found and Central Africa and the Arab League long time that has helped shape the top... Oil exports to Europe the Nigerian Stock Exchange is the richest country in the South African economy include,! The fairest among these parameters as considering the per capita figures may lead to an erroneous conclusion emerald and! It the most number of People are benefiting from South Africa, which it exports tea, coffee, its...