AFRICA is one of the largest continent in the world with over fifty four(54) countries in the continent though most times in the world economy the will say that it is the poorest economy but they are countries in africa that can boast of a very good economy.
The following are the list of the richest county in Africa and their Ranking:
South Africa
- GDP: $595.7 billion
South Africa is is recognized by its mineral resources which include gold and diamond but the Gold Rush ceased back in the 19th century. There are more things to look forward to in South Africa besides its shiny jewels. Major cities like Johannesburg and Cape Town offer a unique experience that can take you from raving nights out in the town to calm mountain ranges by the ocean.
- Egypt
GDP: $551.4 billion
Egypt’s population lies on the banks of the famous Nile Valley. Egypt is known for their civilization with evidence of human technological advancement obvious from its numerous temples, Pyramids and famous monuments such as the Great Sphinx. Egypt has gathered wealth from as far back as 3200 BC and much of this can be seen in the major cities like Cairo.
- Nigeria
GDP: $478.5 billion
Nigeria is most populated in Africa is a key contender on this list, its industrial sector being the third largest in Africa while it contributes a considerable share of the world’s oil. Taking into account this country’s population of 170 million, Nigeria is aspiring to become one of the 20 largest economies in the world by 2020. This can be seen in cities like Lagos and port-harcourt where the city is mainly composed of buildings owned by big multinational corporations. - Algeria
GDP: $284.7 billion
Algeria is one of the country in the world that deals with exportation of oil and gas. Much of its wealth is gotten from oil deposits deep within the North African soil. Also rich in natural minerals, it is suggested that the ancient Romans collected stones and marbles from quarries in what is now known as Algeria. You can find onyx, red and white marbles, iron, lead, and zinc in large quantities. It’s capital city, Algiers offers rare beauty in the intricate architecture of its most famous buildings. - Morocco
GDP: $180 billion
Morocco was named the first most competitive economy in North Africa. Tourism, telecoms, textiles and agriculture are Morocco’s biggest cash cows. When next you visit Marrakech, Casablanca or Rabat, be sure to take desert rides, call your friends to buy them a pair of Babouches and tour the marketplace for something fresh and local. - Angola
GDP: $131.8 billion
Angola don't suppose to be in the list of the richest countries in Africa but surprisingly, it has a large deposit of oil and gas resources, diamonds, and bountiful agricultural land. Still recovering from the 27-year civil war that lasted from 1975-2002, Angola has made efforts to revive its economy with heavy oil and agricultural exports. Cities like Luanda are undergoing major reconstruction to make Angola a top African destination. - Ethiopia
GDP: $118.2 billion
Ethiopia is known as one of the fastest growing economies in the world, Ethiopia has had to contend with the rising number of able youths eager to work. The Ethiopian economy depends largely on agriculture so if you’ve got an Ethiopian cousin, he’s most likely learning the tools of the farming trade, although you wouldn’t find such people in the country’s capital, Addis Ababa. Most young people in Addis Ababa are into telecommunications and the financial industry, spending their free time shipping local coffee and touring the magnificent buildings. - Tunisia
GDP: $108.4 billion
Oil, tourism and car manufacturing parts are the things that have boasted economy of Tunisia. It is one of the wealthiest countries in Africa so you won’t wander too far into its cities like Tunis before finding a pleasant spot to relax. The city is covered with bits of opulence from as far back as the 12th century. Year-round sunshine and the affordable Tunisian lifestyle have drawn tourists here who now call this place home. - Ghana
GDP: $90.41 billion
Ghana can be recognised as one of the only nations on this list that depend on technological products to live up to its name. Economic industrialization has taken over in cities like Accra and Kumasi with major exports of manufacturing, construction, and digital products and services. It is one of the most economically sound countries in all of Africa, that’s why citizens of nearby countries come to Ghana for business - Sudan
GDP: $89.97 billion
sudan is among thecountries in africa that oil and gas as the main source of income for countries on this list. Sudan also falls into that category but in a more diverse way. It depends on oil but with a third of its GDP contributed by agriculture. Cotton and peanuts constitute its major agricultural exports. You may not notice a “Made in Sudan” tag on the shirt you buy in Khartoum but cotton from Sudan has fueled the textile industry in many parts of the world.
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