Top 10 Richest Country in Africa
10.
Tanzania
Where
do we start this from? Okay, so this East African country is known for its vast
wilderness areas and of course the very famous, Mount Kilimanjaro!
So
obviously tourism plays a major role in the economy of the country that has
pulled up to about $52 billion on the GDP chart.
English
is reserved for foreign trade and mediums of English which might soon be
dropped! Another issue is that the economy is highly dependent on agriculture.
Tanzania is highly vulnerable to environmental shocks!
9.
Kenya
Kenya
is the world’s 48th largest country by total area but is the 27th most populous
country. You know what we are hinting at, right? Kenya is densely populated
which as you know can go either of the two ways- positive or negative! Going by
the GDP which is about $75 billion, Kenya isn’t doing too bad in the money
matters.
8.
Ethiopia
This
African country has one of the fastest-growing economies in the world and has
the second-largest population in Africa with about 102 million inhabitants!
Ethiopia is the most populous landlocked country in the world.
That
sounds interesting! So all the population has done something good for the
country and that is raising its GDP to almost $81 billion!
7.
Morocco
You
think of all the amazing mountains, mosques and markets when the word Morocco
is mentioned. But do you ever see this country as a leader in the matters of
GDP? Probably not!
But
we are here to change that because, with a GDP of $109 billion, Morocco is
among the richest African nations!
6.
Sudan
If
you’ve ever been to Sudan you would know that the country is amid an array of
problems ranging from poor infrastructure to political conflicts. When so much
is going wrong, how can there be wealth in the country?
Well,
even though Sudan’s GDP is $117 billion, a lot of Sudanese people stay at or
fall below the poverty line.
5.
Angola
You
are wondering what Angola is doing on this list, the picture that has been
portrayed in the country is of poverty, right?
Well,
you aren’t wrong! Even though Angola has reached $124 billion in GDP, it still
is fighting with the horrors of poverty.
4.
Algeria
The
largest country in Africa is also one of the richest sounds cool! But where is
the money coming from?
Algeria
has the 16th largest oil reserves in the world and the second-largest in
Africa, while it has the 9th largest reserves of natural gas. This explains the
$170 billion GDP of the country!
3.
Egypt
Egypt
is on this list and we are so happy! No, not because we are biased towards the
pyramids but because it has one of the longest histories of any country,
tracing its heritage back to the 6th–4th millennia BCE!
Anyway,
this Islamic country has over 97 million inhabitants who strive hard to take
their country ahead in the race of GDP.
2.
South Africa
Diversity
is the word that best describes South Africa! Whether it is their multiethnic
society or the languages are spoken there, South Africa celebrates diversity.
And
the southernmost country on the mainland of the Old World does not disappoint
with its GDP rocketing to $349 billion!
1.
Nigeria
The
“Giant of Africa” is the most populated country in Africa with a population of
196 million people.
Nigeria
has the third-largest youth population in the world, after India and China,
with more than 90 million of its population under age 18!
This
surely worked in the country’s favor, how else did their GDP reach a whopping
$376 billion? Okay, we do have to credit the vast reserves of cocoa, rubber and crud oil
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