RICHEST COUNTRY IN AFRICA ACCORDING TO THEIR GDP

For those who don’t know, Gross domestic product (GDP) is the “Total market value of the goods and services produced by a nation’s economy during a specific period of time.

GDP is customarily reported on an annual basis (yearly). It is defined to include all final goods and services – that is, those that are produced by the economic resources located in that nation regardless of their ownership and are not resold in any form.

While ‘Per Capita’ is commonly and usually used in the field of statistics in place of saying “for each person” or “per person”.

Now to the list

1. Equatorial Guinea – GDP per capita: $30,200

The Republic of Equatorial Guinea is a country in Central Africa. Most people have never heard of it. This country flew into stardom after 1996 when large oil reserves were found in the nation of only 0,5 million people. While being one of the largest producers of oil in Africa, little has been made to improve the living conditions of the people. Corruption is widespread and ordinary people are mostly living in poverty. The gap between rich and poor is probably the largest in the world.

2. Botswana – GDP per capita: $15,800
3. Gabon – GDP per capita: $14,900
4. Libya – GDP per capita: $14,900
5. Mauritius – GDP per capita: $12,400
6. South Africa – GDP per capita: $10,400
7. Angola – GDP per capita: $9,100
8. Tunisia – GDP per capita: $8,000
9. Algeria – GDP per capita: $7,100
10. Egypt – GDP per capita: $5,500

For those wondering where Nigeria is on the list or why she is not on the top 10…. Well that’s because according to Wikipedia her GDP is $2500. In Naira that should be around #387500 (using #155 to $1)