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.


Source


m.jambonewspot.com/?url=http%3A%2F%2Fwww.jambonewspot.com%2F10-richest-countries-africa-2014-gdp-per-capita%2F

Will be bak

Liar

Kai! Chai!! Mogbe!!!

Nigeria just ordinary Africa Country no una b Ayaf tayad for dis kontri

if you sure say Seychelles get this kind money nah I m be say I dey pack my bag to that side, after all APC say all nah change.

Damn I blame JONATHAN And PDP 4 dis

Not surprised at all.
I'll love to visit all these low populated African countries soon. Life seem to be more enjoyable there.

were my naija dey

Did I miss Nigeria or you ommitted it to annoy me?

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Just talking per capital income distribution


The smaller the population of the country the higher the GDPper capital

Population of a country divided by the total resources =