2024 Top 10 Richest Countries In Africa By GDP Per Capital

The economic landscape is constantly shifting, with some countries experiencing significant growth and others facing challenges. As of 2024, the top 10 richest countries in Africa, based on GDP per capita, are as follows:

1. Mauritius – $13,306.7
2. Libya – $10,131.9
3. Botswana – $9,050.8
4. Gabon – $7,771.8
5. Equatorial Guinea – $7,742.6
6. Egypt – $5,133.3
7. South Africa – $5,113.7
8. Algeria – $4,356.9
9. Tunisia – $4,060.2
10. Morocco – $3,776.3

Mauritius – With a GDP per capita of $13,306.7, Mauritius tops the list as the wealthiest country in Africa. Its diversified economy, strong tourism industry, and strategic location have contributed to its success.

Libya – Despite recent political turmoil, Libya’s oil-rich economy places it second on the list, with a GDP per capita of $10,131.9. The country’s vast oil reserves and relatively small population have allowed it to maintain a high GDP per capita.

Botswana – Botswana’s stable democracy and prudent management of its diamond resources have led to a GDP per capita of $9,050.8, making it the third richest country in Africa.

Gabon – Gabon’s oil wealth has propelled it to the fourth spot, with a GDP per capita of $7,771.8. The country’s economy is heavily reliant on its oil exports, which account for a significant portion of its GDP.

Equatorial Guinea – Another oil-rich nation, Equatorial Guinea boasts a GDP per capita of $7,742.6, placing it fifth on the list. However, the country faces challenges in diversifying its economy and addressing income inequality.

Egypt – With a GDP per capita of $5,133.3, Egypt is the sixth richest country in Africa. Its economy is driven by a mix of tourism, agriculture, and industry, with the Suez Canal also playing a significant role in its economic success.

South Africa – The largest economy in Africa, South Africa has a GDP per capita of $5,113.7. The country’s diversified economy and abundant natural resources have helped it maintain its position as one of the continent’s wealthiest nations.

Algeria – Algeria’s oil and gas resources have allowed it to achieve a GDP per capita of $4,356.9, placing it eighth on the list. The country is working to diversify its economy and reduce its reliance on oil exports.

Tunisia – Tunisia’s GDP per capita of $4,060.2 places it ninth on the list. The country’s economy relies on tourism, agriculture, and manufacturing, and it is working to attract more foreign investment to drive growth.

Morocco – With a GDP per capita of $3,776.3, Morocco rounds out the top 10. The country’s economy is driven by agriculture, manufacturing, and tourism, and it is working to strengthen its infrastructure and attract more foreign investment.

These rankings are based on the most recent data and provide a snapshot of the economic landscape in Africa in 2024.