Richest Countries in Africa

What are the richest countries in Africa 2020?

Africa in general is seen as the poorest continent in the world. Poverty in Africa is mostly attributed to unstable economies as a result of political instability, corruption, wars among others. There are, however, fast-growing economies in Africa.

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While there are many ways of assessing the countries in Africa, We relied on the purchasing Gross Domestic Product from 2019 to compile the wealthiest African countries in the year 2020.

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund.

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Richest Countries in Africa

This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Figures are given in international dollars according to the International Monetary Fund.

The list contains all the 54 countries in Africa. As Usual, Economic giants in Africa including; Egypt, Nigeria, South Africa, Algeria, Morocco, Ghana leads the way with highest GDP at Purchasing Power Parity.

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Take a look at the list Below;

Richest Countries in Africa

Region
Rank
CountryPeak value of GDP (PPP) as of 2019

TotalAfrica6,906.222
1 Egypt1,391.734
2 Nigeria1,275.027
3 South Africa813.100
4 Algeria684.649
5 Morocco332.358
6 Ethiopia240.168
7 Ghana226.127
8 Angola208.034
9 Kenya206.532
10 Libya187.796
11 Tanzania186.060
12 Sudan177.678
13 Tunisia150.834
14 Côte d’Ivoire143.012
15 Uganda104.893
16 Cameroon101.124
17 Democratic Republic of the Congo77.441
18 Zambia76.520
19 Senegal47.335
20 Mali44.028
21 Madagascar42.705
22 Botswana41.556
23 Burkina Faso38.794
24 Mozambique38.679
25 Gabon38.582
26 Equatorial Guinea37.689
27 Zimbabwe35.565
28 South Sudan35.254
29 Chad30.563
30 Republic of the Congo29.749
31 Mauritius29.187
32 Guinea28.637
33 Benin27.471
34 Namibia27.444
35 Rwanda26.997
36 Malawi23.682
37 Niger23.475
38 Somalia19.568
39 Mauritania18.119
40 Togo13.886
41 Sierra Leone12.619
42 Eswatini (Swaziland)11.496
43 Eritrea9.997
44 Burundi8.184
45 Lesotho7.231
46 Liberia6.440
47 Central African Republic4.293
48 Cape Verde3.983
49 Djibouti3.964
50 Gambia3.884
51 Guinea-Bissau3.385
52 Seychelles2.873
53 Comoros1.384
54 São Tomé and Príncipe0.726