richest country in africa 2020

It has a population of around 2.1 million and a land area of around 224,610 square mile. In fact, the continent holds around 30% of the world’s known mineral reserves. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. Furthermore, its the richest country in Africa per capita gdp in 2020. By Abbasco | Opera News Nigeria. Africa is known to have great Areas of fascination like natural habitations, great atmosphere, Good soils for Agricultural activities and all the more so it's improving in technological and Scientific research. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. Seychelles. When he was 21, Dangote borrowed $3,000 from his uncle to start his business of importing and selling agricultural goods in Nigeria. Published 29 days ago - 36 views. This is a list of richest countries in Africa as of 2020 by GDP (PPP) per capita according to the latest research by the International Monetary Fund (IMF). 10. For proof, these are the 10 richest countries in Africa listed by World Atlas, which in turn, is using data on GDP per capita from the International Monetary Fund for 2017: 10. At the first position is Seychelles which is an archipelago in the Indian Ocean with a population of 99,847 citizens. Sadly, this does not reflect the state of Africa’s economy. The country is home to a highly sophisticated banking system and a low level of foreign debt. Patrice Motsepe was estimated to be worth $2.8 billion as of January 2021, and was ranked as the youngest billionaire in South Africa and the tenth richest in Africa on the Forbes Rich List for 2020. Africa is a natural resource-rich continent. Its 160-million people have helped the country propel itself to be the largest consumer retailer in Africa, along with its petroleum exports. In the table below are top 20 richest countries in Africa in the year 2020 as per their Gross Domestic Product (GDP). The country is Africa’s largest crude oil exporter, recording production about 1,6 million barrels a day in December of 2019. Related: Black Billionaires: Top 15 Richest Black People in the World (2021) As of the end of 2019, Nigeria holds the position of the richest country in Africa, with a GDP of almost $600B USD. Credit: Hussein Malla, AP Libya is one of the smallest countries in Africa, with a population of only 6.87 million people.It holds a GDP figure of $44.96 billion, which might not sound like a lot, but it places Libya as the 6th richest country in Africa, in terms of GDP per capita with a figure of $6835.62. Top 5 Richest Countries In Africa 2020. The GDP figures highlighted below were been extracted from the International Monetary Fund (IMF) World Economic Outlook in the fourth (4th) quarter of 2018 and projections made by the World Bank for 2019. Which is the richest country in Africa 2020? Seychelles is an archipelago in the Indian Ocean with an estimated population of 99,944 denizens. The richest man in Africa is Aliko Dangote, who has a net worth of $14.1 billion. Seychelles is a home and destination of tourists from all parts and corners of the world. All figures are from the 2017 International Monetary Fund data. 1) Nigeria – Richest Country in Africa. Seychelles is the richest country in Africa 2021, with a GDP of 31.80 thousand per capita. Namibia - $11,528 Aerial View of Namibia's Capital Windhoek. Unsurprisingly, four of the five countries with the highest GDPs in Africa are among the most developed countries in Africa. Botswana. Top 10 Richest Countries in Africa 2020 Forbes. Richest African Countries 2020: Top 10 Richest Countries in Africa (GDP Per Capita) 5. The Republic of Namibia came into existence in 1990. Namibia – $11,528. 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