Table of Page Contents. Angola has a booming economy due to its oil revenues. Nelson Mandela, the former president, is synonymous with this country. TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS. #7. 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: Equatorial Guinea. #10. Morocco bears the official name as the Kingdom of Morocco, and it is located in Northwest Africa. 1. The country is currently facing high unemployment and housing shortage. If you wanted to know what the richest African country in copper is, it is, beyond dispute, Zambia. It also ranks high as a safest tax haven due to its tax-friendly policies. They have every natural resource you could ever want. Seychelles; 10. Qatar is the richest country in the world. 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. Angola had human civilization since the earliest time and was ruled by the Portuguese from the 17th century. South Sudan is the poorest country in Africa and the youngest nation in the world. Last updated: May 7, 2019. 20. He surpassed Saudi-Ethiopian … 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. Equatorial Guinea – $34,865. More info here. The data has been collated from several sources including that from the IMF. Top 10 Richest Countries in Africa. It is the world’s 20th largest economy with about $500 billion nominal GDP. Top 10 Richest Presidents in Africa – 2019 Infographic Here is an Infographic list of the top 10 Richest Presidents in Africa (2019) with reference to Forbes, People With Money magazine, CelebrityNetWorth: Click To Tweet. It is thinly populated as the majority of its land is covered by forest and tundra. Qatar is the richest country in the world. Kenya remains in the bottom group of the Human Development Index and is an emerging market. During the late 19th century, with the beginning of colonialism began with Germany forming the German East Africa. It is the largest country in Southern Africa and the 25th largest country in the world. In this post, we are going to look at the top 10 Richest countries in Africa. Egypt; 4. Its capital is Cairo. 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. 4. Top 10 Richest Countries in Africa. These are the ‘richest’ countries in Africa. He inherited a textile and edible oils group from his father and has expanded its operations. 10. Angola gained independence in 1975 but was engulfed in civil war. Luxembourg. One of the world’s top financial centers that have become experts in importing products and services to resell. Africa was able to produce some of the richest men whose net worth is in Billions. We look forward to your active participation. Angola; 7. Must Read. The history of Egypt is one of the oldest and dates back to the 6th century BC. In fact, we have people who consider it the most important of all African countries. ... Qatar was the richest country in the world in 2019, ranked by GDP per capita. South... 3. It has a population of about 28 million comprising of a several ethnic, linguistic and religious groups. 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. A A. Reset. There is a constitutional monarchy with an elected parliament in Morocco, and the predominant religion is Islam Morocco has a mountainous interior, deserts and a long coastline along the Atlantic Ocean and the Mediterranean Sea. It has a total GDP of approximately $124,930 per person. Aliko Dangote – NW: $21.6 billion ; Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Algeria - $16.085 7. The country has a GDP of about $11,528. Its capital is Abuja, and it has 36 states. It continues to be a member of the Commonwealth of Nations. Nigeria or the Federal Republic of Nigeria. Agriculture accounts for 15% of the GDP and employs about 40% of the population. Top 10 Richest African Countries 2019. Sadly, he dropped from number 2 from the top 10 richest men in Africa 2019 to land at number 3 this year. Although in terms of purchasing power parity, South Africa comes seventh in Africa, due its large population, unemployment which extends to a quarter of the population, and poverty. Mohammed Dewji (Networth:$1.9 Billion) Source Of Wealth: diversified Country: Tanzania Age: 43. It’s the 3rd richest country in the world in 2021. For the purpose of the data … 10. He owns Conoil filling station and over 5 oil blocks in the country's oil-rich Niger Delta region. Norway. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges Full List: The World's Highest-Paid Actors And Actresses 2017 Meet The Richest Self-Made Women On Wall Street 2017 Purchasing power parity. The country is sparsely populated with a total population of roughly two million. Algeria is a member of the UN, OPEC, the African Union, and the Arab League. Seychelles. Algeria has a population of more than 44 million. Ghana has an abundance of petroleum and natural gas, the fifth and sixth largest in Africa, which it exports to its advantage. Sadly, he dropped from number 2 from the top 10 richest men in Africa 2019 to land at number 3 this year. Kenya has been inhabited since the earliest times of human existence. #6. This highlights the fact that a relatively small number of people are benefiting from South Africa's wealth. 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. ... Aliko Dangote has donated over $100 Billion to solve poverty, education and health problems in his … Diamonds and oil account for 60% of Angola’s economy. South Africa is among the top 10 countries in the world for income inequality. 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. Qatar. Donald Gordon who is a South African billionaire. 2. Algeria gained independence from France in 1962. Gabon; 5. 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. 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. Ghana Stock Exchange is the 5th largest in Africa. Abayomi Jegede -January 2, 2019. Richest Countries in Africa 1. Overtaking South Africa in 2015, Nigeria became Africa’s largest economy. The majority of the 54 countries that are on the continent have resources like gold, silver, uranium, oil, petroleum, sugar, and of course diamond. Profile Quizzes Subscribed Subscribe? 2019 data. It exports tea, coffee, and flowers to Europe. Saudi Arabia ; 4. Since per capita norms are based on the number of population counties with the same GDP may be ranked differently depending on their population. Nigeria is the richest country in Africa based on GDP in 2019. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. 1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $446.543 … The 56-year-old is a South African millionaire that became head of the real estate and insurance firm of her father known as Liberty Investors. Algeria is officially known as the People’s Democratic Republic of Algeria and is located in North Africa on the Mediterranean coast. Morocco achieved independence from being a French protectorate in 1956. GDP per capita: $237.44 . 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 … 1. Yet it stands very low in Human Development Index at 152. Libya; 6. Over half of GDP comes from the service sector and a quarter from the mining, construction and manufacturing industries. Richest People In Africa. Nigeria with a GDP of $397.472 billion. Angola is the biggest supplier of oil to its biggest trade partner China; which ranks fourth in imports. He used to be a cab driver in the US while studying for his master's … According to the United Nations, there are officially 54 countries on the African continent. Tunisia; 8. In 1974, the monarchy was overthrown and since 1991 has been ruled by a political coalition. Libya has dominated our headlines worldwide for the past few years, with their civil war and its aftermath, which … 1. A key component of the African economy, Nigeria has a population amounting to half of... 2. Economic performance in 2018 was mixed, while inflation remains low and stable. It has over 500 ethnic groups speaking over 500 languages; although the official language is English. One of the reasons for high industrialization of South Africa is its poor agricultural economy, which suffers from the aridity of the land and contributes only around 3% to the GDP. Africa is the Second Largest and populous continent, It has many poorest countries, some good GDP countries. Here we discuss the 10 wealthiest countries in Africa 2020 and the nature of their economies. Home » FEATURED » Top 10 poorest countries in Africa (Updated 2019) Top 10 poorest countries in Africa (Updated 2019) by Contributor. 0. On the north and north-east, it is bounded by Namibia, Botswana, Zimbabwe, Mozambique, and Swaziland. His company Dangote Group is currently on an expansion drive to many other African countries. Ethiopia was the first African nation to join the UN, G-24, NAM, and OAU. In financial analysis, it is significant to simplify that real Gross Domestic Product (GDP) is somewhat different from GDP per capita because of the previous measures economic growth while the latter (gross domestic product per capita) measures … South Africa ($358,839 Billion). Rest of the population comprises of Whites and Europeans, Indians, and multi-racial. The largest drivers of the African economy include agriculture, natural resources, and trade. Yet, as the wealth is concentrated in a few hands, its economy is uneven. From the 15th century onwards, Ghana has attracted colonial powers, and British took control of the British Gold Coast. Top 10 Richest Oil Countries In Africa 2020. In case you wish to update the content with the latest figures, you can do so in the comments section. Kenya. During the … Here is the list of top 10 richest Arab countries in 2019. Its GDP has grown slowly at an average of 3.5%. On the south, it has the Atlantic Ocean and the Indian Ocean on the west and east, respectively. 2019 data. 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 richest countries in Africa (Updated 2019) 1. Facebook. Top 10 most developed states in Nigeria in 2019. Egypt is a member of the UN, NAM, Arab League, African Union, and the Organization of Islamic Cooperation. Reading Time: 6min read . It completely surrounds Lesotho. There are several ways to list countries in terms of their wealth. The data for this listing has been taken from the International Monetary Fund (IMF) website which is in the public domain. By. World Bank classifies South Africa as an upper-middle-income economy and an industrialized country. Wasiu Alabi Pasuma Net Worth 2020 & Biography. It is the 7th largest producer of gold and the 9th largest producer, of diamonds in the world. Many poorest countries found in the continent of Africa. 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 … In 1957, Ghana gained independence from the British. Mohammed VI of Morocco is the richest president in Africa with an estimated net worth of about $5.8 billion. The Johannesburg Stock exchange is the largest in Africa. More info here. Egypt is the third most populous country in Africa, after Nigeria and Ethiopia; and has a population of over 95 million. Singapore. It has a population of over 35 million and more than 80% of its population reside in urban areas. Rate: Featured Quiz . This is because Qatar stands out with a GDP per capita of $128,070. By Uzonna Anele. 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. Ethiopia. The list below shows the top 20 richest countries in Africa alongside with their GDP (in billions) as at the expiration of December 2017. Purchasing power parity. Gabon. Top 10 Richest Countries in the World Angola is an OPEC member and subject to its direction regarding oil production levels. While the poverty rate in the country has declined, the absolute number of poor citizens has not because of the high population growth rate. Algeria; 9. Egypt - $14.028 9. Seychelles. 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. Top 20 Richest Countries In Africa 2020 By GDP Per Capita. Tanzania is officially known as the United Republic of Tanzania and is situated in eastern Africa and has the Indian Ocean to the east. Nominal GDP is the fairest among these parameters as considering the Per Capita figures may lead to an erroneous conclusion. 1. Share. 12th April 2019. in FEATURED. Algeria’s economy is dominated by its export trade in petroleum and natural gas, commodities that, despite fluctuations in world prices, annually contribute roughly one-third of the country’s gross domestic product (GDP). It is known for being a number one copper producer and supplier – it produces 77% of African copper. South Africa - $14.042 8. Quiz by Beefcake. The economy of this small middle eastern country is based on the export of crude oil. The economy of this small middle eastern country is based on the export of crude oil. Uganda. 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