Which Is The Richest Country In The Continent Of Africa

The GDP is shown here in International dollars according to the year 201213 and 14 data. Also it is the fifth Oil Producer in the world in the OPEC Organization of Petroleum Exporting Countries.

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Officially the Republic of Seychelles based on per capita income it is the wealthiest nation from Africa.

Which is the richest country in the continent of africa. Here is a summary of the top 15 states richest in natural resources on the African continent. When asked which is the richest continent in the world my first thought will go to North America Europe Asia Certainly not to Africa. Almost essential economy of the continent it is the leading producer and exporter of crude oil.

Seychelles ranks as the second richest country of Africa with a reported per capita GDP of 28172. Tourism is one of the biggest contributors to the countrys GDP. It is located in the Indian Ocean to the East of Africa.

South Africas total GDP value is around 555 billion dollars as of 2011 and it is the Richest Countries on the Continent of Africa. The total GDP of the Continent is about 32 trillion according to a survey of 2011 including 54 countries in Africa. With a properly diversified economy SA is one of the countries with the most developed economies on the continent.

Guinea clearly holds leadership in having bauxite deposits although it somehow falls behind Mozambique in terms of production of Aluminum. As of the end of 2019 Nigeria holds the position of the richest country in Africa with a GDP of almost 600B USD. Guinea is on of the richest countries in minerals in Africa the African country that is rich in bauxite the raw material from which aluminum is made.

Spanning 54 countries Africa is a powerhouse in the world of natural resources and innovation. SA was Africas largest economy until it was recently displaced by Nigeria. And that is where I would be mistaken as many of us according to Mallence Bart Williams whose TEDx talk is very inspiring.

That Africa is the richest continent on the globe and yet the poorest or poor in terms of the livelihood of its citizens is something not far from the truth. In my opinion this is based on many reasons but will dwell on two for now. 1 The greed and self-centeredness of its leaders and 2 The exploitation by the western world under the pretense of international development aid.

This country is made up of small 115 islands and its population is less than 01 million. And despite the social and political issues the continent faces theres no doubt that its on. South Africa boasts of developed tourism mining media and agricultural industries.

Its 160-million people have helped the country propel itself to be the largest consumer retailer in Africa along with its petroleum exports. South Africa Richest Countries In Africa. Although Equatorial Guinea has the highest GDP per capita in Africa there is great disparity in the distribution of income in the country.

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