Africa is home to some of the richest countries in the world, in part due to its oil-rich soil and human capital. With GDPs going up as high as $594.257 Billion.

According to statistics provided by the International Monetary Fund (IMF), these are currently, according to the figures provided at the time, the Top 10 richest countries in Africa.

1. Nigeria: GDP – $594.257 billion
The most populous country in Africa is a major contender on this list, its manufacturing sector being the third largest in Africa while it contributes a considerable share of the world’s oil. Taking into account this country’s population of 170 million, Nigeria is on track to becoming one of the 20 largest economies in the world by 2020.

2. South Africa: GDP – $341.216 billion
South Africa is popularly known for its mineral resources such as gold and diamond but the Gold Rush ended back in the 19th century. There are more things to look forward to in South Africa besides its jewels. Major cities like Johannesburg and Cape Town offer a unique experiences that can offer scenic routes to mountain ranges by the ocean.

3. Egypt: GDP – $284.860 billion
Egypt has one of the longest histories of any modern country, arising in the tenth millennium BCE as one of the world’s first nation states.

4. Algeria: GDP – $227.802 billion
Oil and gas exports have placed Algeria on this list. Much of its wealth is received from oil deposits deep within the North African soil. Also rich in natural minerals, it is suggested that the ancient Romans collected stones and marbles from quarries in what is now known as Algeria. You can find onyx, red and white marbles, iron, lead, and zinc in large quantities. It’s capital city, Algiers offers rare beauty in the intricate architecture of its most famous buildings.

5. Morocco: GDP – $112.552 billion
Morocco was named the first most competitive economy in North Africa. Tourism, telecoms, textiles and agriculture are Morocco’s biggest biggest money pullers.

6. Sudan: GDP – $112.552 billion
More than once, we have mentioned oil and gas as the main source of income for countries on this list. Sudan also falls into that category but in a more diverse way. It depends on oil but with a third of its GDP contributed by agriculture. Cotton and peanuts constitute its major agricultural exports. You may not notice a “Made in Sudan” tag on the shirt you buy in Khartoum but cotton from Sudan has fueled the textile industry in many parts of the world.

7. Kenya: GDP – $53.40 billion
The capital, Nairobi, is a regional commercial hub. The economy of Kenya is the largest by GDP in Southeast and Central Africa. Agriculture is a major employer; the country traditionally exports tea and coffee and has more recently begun to export fresh flowers to Europe. The service industry is also a major economic driver. Kenya is a member of the East African Community. Compared to other African countries, Kenya enjoys relatively high political and social stability.

8. Angola: GDP – $49.857 billion
Angola has a large deposit of oil and gas resources, diamonds, and bountiful agricultural land. Still recovering from the 27-year civil war that lasted from 1975-2002, Angola has made efforts to revive its economy with heavy oil and agricultural exports. Cities like Luanda are undergoing major reconstruction to make Angola a top African destination.

9. Libya: GDP – $49.341 billion
The Libyan economy depends primarily upon revenues from the oil sector, which accounts for 80% of GDP and 97% of exports. Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of light, sweet crude.Apart from petroleum, the other natural resources are natural gas and gypsum.The International Monetary Fund estimated Libya’s real GDP growth at 122% in 2012 and 16.7% in 2013, after a 60% plunge in 2011.

10. Tunisia: GDP – $49.122 billion
Oil, tourism and car manufacturing parts are the name of the game in Tunisia. It is one of the wealthiest countries in Africa so you won’t wander too far into its cities like Tunis before finding a pleasant spot to relax. The city is covered with bits of opulence from as far back as the 12th century. Year-round sunshine and the affordable Tunisian lifestyle have drawn tourists here who now call this place home.

huhh?Nigeria?

ADEWUMIMichael:
huhh?

The thing weak me sef

Nigerians must be very rich despite of their allegations about recession..


The GDP is talking billions of US dollars..


WAWU

ohhhh... ...

omo....look kenya...ooooohhhh.. ......

we know all these already, yeah we are rich but still the poorest because of our population.

pls is this rating current? cos with what is happening now in Nigeria i don't think she still maintain that position.

Top ten richest in Africa or Top ten most Populated in Africa?

Big fish in small pond

ritababe:
we know all these already, yeah we are rich but still the poorest because of our population.

bro don't u think that our population also contributed to our richness, if we're few, who'll pay tax, who'll d government generate revenue from?

I weep for Libya

How does it affect the lives of its citizens

Even the unborn babies know how rich this country is otherwise it would have collapse with the huge amount of stealing funds which did not kill the country economy!!!

But all Nigeria's GDP is inside the pocket of our politicians.

9 countries among them have stable light except one. NIGERIA. yeye government

Nigeria z really endowed with natural and human resources.
But corruption,mismanagement and overpopulation z our problem.
If only d govt can empower local industries or better still partner with them and build new ones. make law to control the high birth rate.
Be Sincere in the implementation of the economic policies, not this one that they will tell us that #ChangeBeginsWithMe, but they will be doing otherwise.
We hv foreign missions in most advanced countries like China, Japan, US, S Korea etc, the govt should partner them for technology transfers and before u know it, we will become the technological hub of Africa.
Send our 1st Class and , 2:1 graduates to get the practical skills and knowledge and create positive impacts in our local industries, not celebrating paper certificates with no technological significant.

Nigeria is richer in gdp yes, but divide the gdp by the population to get the per capita income you will see that the other countries are better off.

We should not be blinded by those figures... Nigeria is rich just on paper. A middle class family in countries like South Africa, Egypt, Angola etc has a better standard of living than their Nigerian counterparts.

In these countries, money is evenly circulated among its citizen while in Nigerian money is been controlled by a few.

Let's take for example... A family of 6 has 25kg of rice to eat in a month, another family of 4 has 20kg to eat in the same period. Which family do you think feeds better? Of course it's the family of 4!!

We still have a long way to go in this country. Let's stop deceiving ourselves with these figures.

GDP per capita is the mean yardstick to determine wealth, Nigeria is poorer than those countries if you judge by GDP per capita ( its population dependent)

am listening

*nods head*

Odiegwu!...