₦airaland Forum

emmabasi:
2018 TOP 20 RICHEST COUNTRIES IN AFRICA BY GDP PER CAPITA

GDP per capita is the measurement of economics development as it facilitates a country’s standard of living.

In determining a country’s GDP per capita for a specified year, you have to divide the GDP for that year by the corresponding population.

Here is the GDP per capita of the top 20 richest African countries;

1. Equatorial Guinea

GDP per capita: $40,718.8

Equatorial Guinea Richest African Countries

Equatorial Guinea has an estimated population of below 1 million inhabitants.

It is an East African country that shares borders with Gabon and Cameroon.

However, Equatorial Guinea is one of the oil-rich African countries and is considered the richest in African in terms of GDP per capita.

Equatorial Guinea maintains the GDP (PPP) per capita of $40,718.8.

They enjoy favourable economic standards under the influence of low population and vast deposit of oil.

2. Seychelles

GDP per capita: $27,177.2

Seychelles Second Second Richest Countries In Africa

Seychelles is considered the second richest African country in terms of GDP per capita.

It has a population of below 1 million inhabitants with a surprised GDP of around $2.4 billion.

Seychelles is an island surrounded by the Indian Ocean adjoining the Eastern region of Africa.

However, this makes tourism and industrial fishing the major source of wealth for Seychellois citizens.

Also, Seychelles’ population is close to 100,000 inhabitants and this meager population gives the country high GDP per capita of $27,177.2.

3. Mauritius

GDP per capita: $20,085.2


Mauritius is an island that is surrounded by the Indian Ocean and however, is considered Africa’s third richest country.

It maintains a high standard of living under the influence of a properly-diversified economy concerned with the production of apparel, textile manufacturing, tourism, and also sugar production.

Mauritius benefits largely from vibrant financial services with GDP per capita of $20,085.2.

United Nations issued report which implies that Mauritius is Africa’s most developed country.

READ MORE HERE: http://naijacorrect.com/2018-african-richest-countries-gdp-per-capita