Breaking News

Top Ten Richest Countries In Africa

Due abundance in oil, minerals, and agriculture, Africa holds some the richest countries in the world. Below are top ten richest countries in Africa according to IMF (International Momentary Fund).


1. Nigeria: GDP – $594.257 billion
    Capital — Abuja

Central Bank Of Nigeria Headquarters, Abuja.
Central Bank Of Nigeria Headquarters, Abuja.



Nigeria is the most populous country in Africa. It's manufacturing sector ranks third largest in Africa, while contributing a considerable part of the world's oil. Taking into account the population of 170 million in this country, Nigeria is on track to become one of the 20 largest economies in the world by 2020.


2. South Africa: GDP – $341.216 billion
   Capital:
   Pretoria (administrative),
   Cape Town (legislative),
  Bloemfontein (judicial)

South Africa is popularly known for their mineral resources as gold and Diamond, but Gold Rush finished in the nineteenth century. There are more things to expect in South Africa in addition to your jewelry. Major cities as Johannesburg and Cape town offer unique experiences that can provide routes scenic to Mountain ranges next to the Ocean.

Read also: Top Ten Richest Men In Africa— 2018

3. Egypt: GDP – $284.860 billion
    Capital — Cairo

Egypt has one of the longest the stories of any country presently, arising in the tenth Millennium B.C.E as one of the world's first nation-States.


4. Algeria: GDP – $227.802 billion
    Capital — Algiers

Gas and oil exports have placed Algeria in this list. Much of the country's wealth is received oil tanks deep within the North African floor. also, rich natural Minerals, it is suggested that the ancient Romans picked up stones and marbles quarries in what is now known as Algeria. you can find Onyx, Red and White marble, iron, lead, and zinc in large amounts. it's capital, Algiers offers rare beauty in the complex architecture of its more buildings famous.


5. Morocco: GDP – $112.552 billion
    Capital — Rabat

Morocco was named the first most competitive economy in northern Africa. tourism, telecommunications, textile and agriculture is Morocco's largest more money extractors.


6. Sudan: GDP – $112.552 billion
    Capital — Khartoum

More than once, have oil and gas been stated as the main source of income for countries this list. Sudan also falls in that category but in a more diverse way.  It draws revenue from oil, but with a third of GDP contributed by agriculture. Cotton and peanuts are their main agricultural exports. You might not come across a "Made in Sudan" label shirt to purchase in the country, but cotton produced in Sudan has is sold to big textile industries in many parts of the world.

Read also: Top Ten Richest Women In Africa —2018

7. Kenya: GDP – $53.40 billion
   Capital — Nairobi

The economy of Kenya is the biggest of GDP in South East and Central Africa.  Kenya main source of revenue is agriculture. The country traditionally exports tea and coffee and recently begun to export flowers to Europe. Service industry is also a major economic driver. Kenya is a member of the East African community. Compared to other countries in Africa, Kenya has relatively high political and social stability.



8. Angola: GDP - $ 49.857 million
    Capital — Luanda

 Angola has a great deposit of oil and gas resources, diamonds, and abundant agricultural land. Angola is still recovering from the civil war that lasted from 1975-2002. But the country's efforts revive its economy with heavy oil and agricultural exports is amazing. Cities as Luanda are undergo  reconstruction, trying to make Angola one of the best places to visit in Africa.

Read also: Top Ten Most Beautiful National Parks In Africa

9. Libya: GDP - $ 49.341 million
    Capital — Tripoli

 The Libyan economy depends mainly in revenue oil sector, which accounts 80% of GDP and 97% of exports. Libya has the largest tested oil reserves in Africa and an important contributor to the global supply of light, sweet crude .Apart from oil, the other natural resources are natural gas and gypsum. The international Monetary Fund estimated Libya's real GDP growth as 122% in 2012, 16.7% in 2013, after it fell by 60% in 2011.



10. Tunisia: GDP - $ 49.122 million
       Capital —Tunis
 Oil, tourism and cars manufacturing parts are the name of the game in Tunisia. This is one of the richest African countries, so you will not go too far into their cities before finding a nice comfortable relaxation spot. The city is covered with great wealth dating back to the 12th century. Due to the developed and affordable Tunisian lifestyle, tourists here now call this place home.

No comments