[img]http://4.bp..com/-kPnC29cWp8E/VGpomc9-PbI/AAAAAAAAAJw/2WKHtL_FzFY/s1600/Richest-Countries-In-Africa-e1401594107601.png[/img]
Soucrce; www.naijacruz.com
Africa is one of the largest continents in the world and the home to 54 sovereign states. Although regarded as the poorest continent, there are some progressing economies in Africa which are quite wealthy.

This list reflects the GDP per capita. This is the gross domestic product, or total market value of goods and services produced by the national economy during the last year, in regards to each person in the country.
Here’s the top 10 Richest Countries in Africa as of 2014 ranked by GDP per capita:

10) Algeria – $7,500 (GDP per capita)
Algeria is the second largest oil producer in Africa, and this accounts for the majority of the country’s economy generating 70% of total budget receipts. In addition to this the country has an enormous supply in a number of minerals, including iron, lead, copper, zinc and mercury.

9) Namibia – $8,200 (GDP per capita)
Whilst Namibia is one of the richest countries in Africa income is not evenly distributed with half of the country’s population living below the poverty line. The economy is dominated by the production of minerals with Namibia being one of the richest places in Africa for strategic minerals. This is shown by their position as one of the world’s highest quality producers of diamonds.

Tunisia – $9,900 (GDP per capita)
The Tunisian economy is dominated by mining, manufacturing and tourism, which portrays the diverse economic market within the country. The recent rise in tourism owes much to the country’s position on the Mediterranean cost and the cheap cost in comparison to European countries that border the Mediterranean. Another factor is the different cultural experience which has seen an influx of Western tourists who want to experience a vibrant, yet different, culture..

7) Libya – $11,497 (GDP per capita)
Libya’s position as one of Africa’s most prosperous countries owes much to two defining factors. Firstly, the country has huge oil revenues which, coupled with a small population in comparison to its rivals, means it has a high GDP per person in comparison to the rest of Africa. Similarly to South Africa, Libya is also defined as an upper-middle economy by South Africa.

6) South Africa – $11,914 (GDP per capita)
South Africa is a dual economy with one of the world’s highest inequality rates, owing much to the history of exclusion within the country. The South African economy is the second largest in Africa and the 28th-largest in the world, leading to the World Bank to rank it as an upper-middle income economy. This is however contrary to the fact that at least a quarter of the country’s population is unemployed and living on less than US$1.25 per day.

5) Mauritius – $16,100 (GDP per capita)
Mauritius place on this list owes very much to the attitude of its government. Since the country’s independence in 1968, successions of governments have implemented free-market economics which have in turn created a highly competitive market. With no natural resources to exploit Mauritius economy has relied heavily on tourism, information technology and financial services. A booming economy has seen the country also attract lots of foreign investors, seeing the World Bank rank it as a middle income economy.

4) Botswana – $17,101 (GDP per capita)
Since gaining independence in 1966, Botswana has had one of the world’s highest economic growth rates. This has seen Botswana transformed from one of the poorest countries in the world to a competent middle income economy, owing to stringent fiscal discipline and management by the country’s government. Whilst the economy is dominated by diamond mining, there are also strong farming, tourism and financial service sectors. Although the country is in rude financial health; there is still has a long way to go to deal with HIV/AIDS within Botswana, with the country having the second highest adult prevalence rate in the world.

3) Gabon – $20,612 (GDP per capita)
Although Gabon has declining oil production, it is still the fifth largest oil producer in Sub—Saharan Africa. An over reliance on the oil sector for the past 40 years has seen the country attempt to develop a more diverse economy, to little success so far. The high oil production within the country has helped them to develop and advance the education system within the country. Although with oil reserves running low maintenance of the school system is beginning to suffer with no alternative funding yet found.

2) Equatorial Guinea – $23,370 (GDP per capita)
Equatorial Guinea owes its high position on this list to a small population of just 736,296, which has also helped it to 32nd in the world in terms of gross domestic product per capita. Whilst the country has a relatively low population it has enormous oil reserves and is one of the largest oil producers in Africa. Whilst many would believe this to be reflected in the country’s living conditions, inequality is rife within the country with the government and officials renowned for corrupt behavior. This means that whilst the country may rank highly on this list the majority of the population actually live under the poverty line.

1) Seychelles – $25,229 (GDP per capita)
Due to a respectable gross domestic product per capita the Seychelles is ranked as the richest country in Africa in our list. The country is made up of one-hundred and fifteen small islands with a population of less than one-hundred thousand. This owes much to the ample opportunity for shipments and fishing due to a plethora of coastline. Furthermore, the country has long been known as a getaway for the rich and famous meaning it contains numerous hotels and shopping resorts.
Check out thePOOREST COUNTRY in africa here;http://www.naijacruz.com/2014/11/10-poorest-countries-in-africa-2014.html

.

Packing my bags, leaving for Seychelles.

chachazzy:
Packing my bags, leaving for Seychelles.

guy sent you wan leave naija ni

oluwaveeboy:
guy sent you wan leave naija ni

u wan folo me? Abi u no see say naija no make d list ni, lol
naija fall my hand oo chai!!!

chachazzy:

u wan folo me? Abi u no see say naija no make d list ni, lol
naija fall my hand oo chai!!!

naija go still come top,I hope so.. av you check the poorest list also?

oluwaveeboy:

naija go still come top,I hope so.. av you check the poorest list also?

not necessary, can u give me direction to Seychelles? I tink av lost ma way oo

Dubai nko abi nah paper den get

chachazzy:

not necessary, can u give me direction to Seychelles? I tink av lost ma way oo

lolz,don't worry naija go still beta

chachazzy:
Packing my bags, leaving for Seychelles.

anywhere u dey go........ I go dey folo folo u

chachazzy:
Packing my bags, leaving for Seychelles.

Guy wait for me I dey come o. Seychelles there I go no time. Bro check if they re visa free .

story for the gods,does thier pastors have private jet ? Abi can dey buy the latest car ? or them dey lost $20b just like that? nija is number one all that list Na nonsense.our economy no good,dangote is Africa richest.tell dem to park well

I wonder where nigeria is

richest ko Seychelles ni

do they have 160million stubborn citizens

Kizmarty:
richest ko Seychelles ni

do they have 160million stubborn citizens

lolz

H

*run into my room to grab my bag*abeg me tell faleela say i don port ooo*seychelle here i come*

Kizmarty:
richest ko Seychelles ni

do they have 170million stubborn EVIL citizens

FIXED

chijoy7:
anywhere u dey go........ I go dey folo folo u

sure baby, lets get outta here, bonnie and clyde tins, lol

Rexnegro:

Guy wait for me I dey come o. Seychelles there I go no time. Bro check if they re visa free .

bro dem no gree gimme visa oo, so na trekking tins. I must make moni for dis life oo

Is this list based on per-capita income as in standard of living or on GDP itself? Because if it were the former Nigeria wouldn't be on the list as is the case but if it is the latter then Nigeria should be there. So which is it?

chachazzy:

bro dem no gree gimme visa oo, so na trekking tins. I must make moni for dis life oo

Continue dey trek no wahala by d time u spend like 6months for road u will meet me in my office ... Don't worry I go allow u stay in my crib till I show u d way to be like me. U don start d trekking ? No too carry load not to weigh u down...goodluck when u reach borno greet shekau,tell am to stop bombing o

Those countries have very small population compared to their resources. Take Libya for example their total population is not up to 10 million.
Any, Nigeria will soon get there.

Is dubai in Africa?

Where is naija na upon all the bragging,i'm porting to seychelles soon..

[quote author=killercute16 post=28122234]FIXED[/quote

evil you

I don't believe this list... Seychelles? who knows Seychelles? how is it the richest country in Africa and still yet they don't participate in football, u hardly hear of that country in any activity na juju de give them money ni?? what r they called sef? seychellesians or what?

EroticAngelina:
I don't believe this list... Seychelles? who knows Seychelles? how is it the richest country in Africa and still yet they don't participate in football, u hardly hear of that country in any activity na juju de give them money ni?? what r they called sef? seychellesians or what?

this list is complied by richestlifestyle and forbes