Top 5 african wealthiest countries by GDP per capita

Even though Africa is one the largest continents, it is also regarded as one of the poorest. Nevertheless, there are some economies which have been growing at very fast rates, attracting the attention of investors all over the world.

This is a list of African nations, ranked by the Gross Domestic Product per Capita. The GDP per capita is basically a monetary measure of the value of all goods and services produced in a period of time, divided by the number of inhabitants.

#5. Mauritius

One of the most prestigious destinations to tourists all around the world, Mauritius has accumulated an income per capita of US $16.100.

#4. Botswana

This country has had one of the highest economic growth rates in the world, averaging about 9% per year from 1966 to 1999. Botswana’s economic development has been led by their diamond mining industry, the tourism industry, and the exemplary fiscal policy present in the country.

Botswana has a GDP per capita of US $17.101

#3. Gabon

Gabon has a per capita income four times that of most nation of the sub-Saharan Africa. For a long time, this country’s economy developed on timber and manganese. Today, its economy is based on the production of oil.

The country is also the fifth largest oil producer in Africa, and it is currently having a GDP per capita of US $20.612

© Odilia Hebga/World Bank

#2. Equatorial Guinea

This country has a very small population, which has also facilitated its climb to the 32nd place in the world in terms of gross domestic product per capita. Equatorial Guinea has one the largest oil reserves and is one of the leading oil producers in the continent.

Equatorial Guinea has a GDP per capita of US $23.370.

#1. Seychelles

Seychelles is a country with a very diversified economy. Its economy is based on agriculture, tourism, fishing, beverages, and real state, ranking Seychelles at the first place as the wealthiest African country with a GDP per capita of US $25,229.

Source: Africa Ranking

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