Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,230 members, 7,818,775 topics. Date: Monday, 06 May 2024 at 02:33 AM

Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) - Foreign Affairs - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) (2669 Views)

Botswana And Rwanda, 2 African Countries With Good Governance (Pics, Videos) / Isabel dos Santos, Africa’s Richest Woman & Wealthy UK Neighbours At Loggerheads / Billionaires: Donald Trump's Cabinet, The Richest In Modern History. (2) (3) (4)

(1) (Reply) (Go Down)

Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) by Ferruccio(m): 4:44pm On Feb 11, 2017
10. Tunisia

GDP – $43.02 billion, GDP (PPP) Per Capita: $11,400, Population: 11,431,780


Tunisia has one of the best run economies in the continent. The rich oil and gas producing country runs on a diversified economy with some key exports being depended on such as phosphates, agri food products, chemicals, textiles among others. Apart from oil export tourism has played a major role is skyrocketing the economy of the country and do not forget Tunisia is an auto manufacturing parts hub. On the world economic forum global competitive report of 2015-2016 Tunisia has taken the 92nd place.


9. Libya

GDP – $29.152 billion, GDP (PPP) Per Capita: $14,600, Population: 6, 278,438

81% of the total GDP of Libya economy is fueled by predominantly revenues from oil sector and almost 96% of its total export. Among all countries in Africa Libya has the largest certified oil reserve in the continent and among the planets suppliers of light sweet crude. The other exports that account a large percentage in the list of economic boosters of Libya are gas and gypsum. The World Bank has enlisted Libya among the few African countries with an upper middle economy.


8. Angola

GDP – $102.643 billion, GDP (PPP) Per Capita: $7,300 , Population 20,172,332


Angola’s economy has is overwhelmingly steered by the oil sector which account to 51% of the GDP and also more than 75% of government revenue and about 91% of the country’s total exports. The country oil and gas deposit has played a very key role in elevating the country economy no wonder the country has been reconstructed and its becoming a very popular destination among African countries.. Other exports that boosts the economy are diamonds which account to 5% of total exports. Although most of the countries food is imported the country population practices agriculture.


7. Botswana


GDP – $14.391 billion, GDP (PPP) Per Capita: $16,400, Population 2262445


To the south of Africa continent you will meet the landlocked country which has taken its place as one of the fastest growing economies in Africa a factor that can be attributed by mining, cattle and tourism sector. The standards of living in Botswana have been compared similar to countries such as turkey and Mexico. Its impressive economic boom can be pinpointed to the diamond mining, cautious foreign policy, prudent fiscal policies and low rate of corruption. This is one amongst the Top 10 Richest African Countries 2017.


6. Gabon

GDP – $14.34 billion, GDP (PPP) Per Capita: $18600, Population 1725292


Among the Africa’s oil producing nations Gabon has taken its place as one of the largest producer. It’s located in the west coast of central Africa bordering Cameroon, Congo and Guinea. In terms of square kilometres Gabon has 270,000. Its prosperous economy has been due to oil, manganese, uranium and timber, exports. The low population, foreign investment and political stability have also been a factor no wonder it has been ranked highest African country on Human Development index.


5. Egypt


GDP – $330.779 billion, GDP (PPP) Per Capita: $11,800, Population 91508084


Egypt is on the record for being one of the world’s first nation state dating back 10th millennium BC.it is considered as one of the nations that experienced civilization and developments such as writing, agriculture, government, religion among others. Among the Middle East countries Egypt economy is one of the largest and most diversified as well. The main exports are crude oil, petroleum products, chemicals, agricultural goods, metal products, cotton and textiles. Other factors that have contributed to the rise of Egypt are foreign investments and tourism as well.


4. Equatorial Guinea


GDP – $9.4 billion, GDP (PPP) Per Capita: $31800, Population 845,060


Equatorial Guinea is located in central Africa region and hails the fame for being the only African country where Spanish is the official language.it has an area of 28,000 square kilometres making it one of the smallest states in Africa even in terms of population. Among the economic boosters of the country is Oil has taken the position one as the country is third largest oil producer and others like farming, forestry and fishing following. The country also has some undeveloped resources such as uranium, iron ore, gold and titanium


3. South Africa


GDP – $312.798 billion, GDP (PPP) Per Capita: $13200, Population 54,956,920


One of the countries with high GDP than many countries in Africa and the 25th largest country by surface area in the world as well as 24th global rank in relation to being populous is South Africa. The World Bank and IMF has categorized South Africa as an upper middle income economy. Its economy has been boosted by exports such as gold, diamonds, platinum, other metals and minerals, machinery and equipment. We cannot forget that South Africa since hosting the world cup tourism has been a major source of revenue for the country as well and in addition foreign investment.


2. Nigeria


GDP $594.257 billion, GDP (PPP) Per Capita $6003, population 173,600,000


The IMF has projected that Nigeria is set to take its place as the biggest African economy as of 2016 overtaking South Africa. Nigeria today holds the 21st position globally in relation to nominal GDP and 20th in relation to purchasing power parity and in 2013 the country was the 1st position in terms of re-emergent manufacturing sector which was the largest globally. Although the country is an oil producing country the oil only contributes 10% of the total GDP. Crude oil exports as of 2016 earned the country $74B, petroleum gas earned the country $13B, refined petro $4.23B, pyrophoric Alloys $1.9 B among others. The economy of Nigeria also flourishes under aircraft parts exports, vessels, cocoa, tobacco, processed food and spirits and vinegar exports

1. Seychelles


GDP – $1.438 billion, GDP (PPP) Per Capita: $26300, Population 92900


World Bank on 2015 elevated the status quo of Seychelles to top earning country this is due to its position as the highest nominal per capita GDP in Africa and also ranks as one of the countries in Africa with highest human development index. The country low population, offshore financial industry fishing industry and tourism sector has made the country to the richest country in Africa. You won’t believe it that the country has just 1% unemployment rate hence taking its place among the richest states in Africa.
Re: Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) by Nobody: 4:48pm On Feb 11, 2017
Wonderful lipsrsealed
Re: Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) by ciscoxx(m): 4:48pm On Feb 11, 2017
Wo no2 Nigeria EPP? I have to find mine way out to that no1 country.. Abeg I never hear that name b4... Y is senegal not found ah.
Re: Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) by seunny4lif(m): 4:53pm On Feb 11, 2017
This list is old jooor
Libya now import oil from Tunisia
Re: Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) by TheABOMINATION: 5:21pm On Feb 11, 2017
The proof that this list is fake is that Nigeria is in the top ten in this recession.

Unless some unseen hands are stealing our money everyday.
Re: Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) by LastProphet: 12:23pm On Sep 08, 2017
Nigeria is the only country where illiterates are louder than informed people. So Nigeria is the second richest country in Africa? So it is GDP that's used to calculate wealth of countries? Have you heard of GDP per capita? Google it first then go back to school before coming back to write rubbish like this. NIGERIA IS NOT EVEN IN THE FIRST 15 WEALTHIEST COUNTRIES IN AFRICA and due to our gullibility even Jonathan did not know it. That's why the state governments and politicians are stealing the country blind because they think Nigeria is a rich country. Nigeria is a very very very poor poor poor country EVEN WITHOUT STEALING FROM US. You youths better get your head straight otherwise you have no future in this hopeless country

4 Likes

Re: Top 10 Richest African Countries 2017(Nigeria Is Not Number 1) by Abbeybailey(m): 8:01pm On Sep 08, 2017
LastProphet:
Nigeria is the only country where illiterates are louder than informed people. So Nigeria is the second richest country in Africa? So it is GDP that's used to calculate wealth of countries? Have you heard of GDP per capita? Google it first then go back to school before coming back to write rubbish like this. NIGERIA IS NOT EVEN IN THE FIRST 15 WEALTHIEST COUNTRIES IN AFRICA and due to our gullibility even Jonathan did not know it. That's why the state governments and politicians are stealing the country blind because they think Nigeria is a rich country. Nigeria is a very very very poor poor poor country EVEN WITHOUT STEALING FROM US. You youths better get your head straight otherwise you have no future in this hopeless country
Gbam. Truth is bitter.

(1) (Reply)

See What Kazakhstan Does With Part 17% Of Its Oil Revenues / France Moves To Impose Ban On Burqa / Animals In Australia Emotional Due To Loss Of Homes (photos)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.