Gist: Which is the richest country in Africa
Establishing the richest country in Africa depends on the criteria used. The richest country in Africa can also be ranked based on monetary, natural resources, cultural, heritage etc. However, some of the most reliable indicators of a country’s wealth is Seychelles: the smallest country in Africa by population (90,000 individuals). The Republic of Seychelles is a 115-island country spanning an archipelago in the Indian Ocean, some 1,500 kilometres (932 mi) east of mainland Africa, northeast of the island of Madagascar.
Using the Gross domestic product based on purchasing-power-parity (PPP) per capita in the range of $25, 439.92. This is followed by Equatorial Guinea with GDP of $19,818.11\
Other rich African countries using this criteria would be:
Gabon: GDP: $17,053.47
Botswana: GDP: $16,578.59
Mauritius: GDP: $15,595.27
South Africa: GDP: $11,273.08 Note that GDP means is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. It includes all of private and public consumption, government outlays, investments and exports less the imports that occur within a defined territory and in all, GDP mostly serves as a measure of a nation’s productivity.
Other rich African countries using this criteria would be:
Gabon: GDP: $17,053.47
Botswana: GDP: $16,578.59
Mauritius: GDP: $15,595.27
South Africa: GDP: $11,273.08 Note that GDP means is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. It includes all of private and public consumption, government outlays, investments and exports less the imports that occur within a defined territory and in all, GDP mostly serves as a measure of a nation’s productivity.
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