Richest African Countries

Map

Table

Introduction

When it comes to wealth, some countries in Africa are richer than others, as shown by their Gross National Income (GNI) per capita. GNI is a measure of a country’s income, including income from abroad. It is an essential indicator of a country’s wealth and its ability to provide its citizens with a good standard of living.

The richest African countries are located in the Eastern and Southern regions of Africa. Seychelles, Mauritius, and Equatorial Guinea are consistently ranked as the top three richest countries in Africa in terms of GNI per capita. These countries have experienced significant economic growth over the past few decades, driven by various factors including natural resources, tourism, and foreign investment. However, it is worth noting that despite being among the richest countries in Africa, they also face challenges such as income inequality and poverty, which continue to affect the lives of their citizens.

African Countries by Wealth

#CountryGNI per capitaGDP per capita (Current USD)GDP (Current USD)
1Seychelles$14,540$14,653$1,454,460,000
2Mauritius$9,920$9,106$11,529,040,000
3Libya$8,700$6,357$42,817,470,000
4South Africa$6,530$7,055$419,015,000,000
5Gabon$6,440$8,635$20,216,840,000
6Botswana$6,430$6,805$17,614,790,000
7Equatorial Guinea$5,150$7,507$12,269,390,000
8Namibia$4,650$4,866$12,310,600,000
9Algeria$3,660$3,691$163,044,400,000
10Eswatini$3,650$3,978$4,743,340,000
11Morocco$3,620$3,795$142,866,300,000
12Tunisia$3,540$3,807$46,686,740,000
13Egypt$3,350$3,699$404,142,800,000
14Cape Verde$3,190$3,293$1,936,170,000
15Djibouti$3,080$3,150$3,482,990,000
16Ivory Coast$2,420$2,549$70,043,190,000
17Ghana$2,280$2,363$77,594,280,000
18São Tomé and Príncipe$2,260$2,361$526,650,000
19Kenya$2,080$2,082$110,347,100,000
20Nigeria$2,080$2,066$440,833,600,000
21Republic of the Congo$1,970$2,290$13,366,230,000
22Mauritania$1,950$2,166$9,996,250,000
23Angola$1,710$1,954$67,404,290,000
24Cameroon$1,590$1,667$45,338,280,000
25Comoros$1,580$1,578$1,296,090,000
26Senegal$1,570$1,637$27,625,390,000
27Zimbabwe$1,530$1,774$28,371,240,000
28Benin$1,350$1,319$17,144,920,000
29Lesotho$1,210$1,094$2,496,130,000
30Tanzania$1,100$1,099$67,841,050,000
31South Sudan$1,040$1,072$11,997,800,000
32Zambia$1,030$1,137$22,147,630,000
33Guinea$1,020$1,189$16,091,820,000
34Togo$960$973$8,413,200,000
35Ethiopia$940$925$111,271,100,000
36Rwanda$840$822$11,070,360,000
37Burkina Faso$830$893$19,737,620,000
38Mali$820$874$19,140,460,000
39Guinea-Bissau$760$795$1,638,520,000
40Uganda$760$884$40,529,790,000
41The Gambia$740$772$2,038,420,000
42Sudan$650$752$34,326,060,000
43Chad$640$686$11,779,980,000
44Liberia$630$676$3,509,000,000
45Malawi$620$635$12,626,720,000
46Eritrea$610$644$2,065,000,000
47Niger$590$591$14,915,000,000
48Democratic Republic of the Congo$550$577$55,350,970,000
49Sierra Leone$500$480$4,042,240,000
50Madagascar$490$501$14,472,600,000
51Central African Republic$480$461$2,516,500,000
52Mozambique$480$492$15,776,760,000
53Somalia$430$447$7,628,000,000
54Burundi$220$222$2,779,810,000
55Western Sahara$56

Richest Countries in Africa

The ten richest African countries are Seychelles, Mauritius, Libya, South Africa, Gabon, Botswana, Equatorial Guinea, Namibia, Algeria, and Eswatini. Seychelles is the richest country in Africa, with a GNI per capita of $14,540. Mauritius follows closely with a GNI per capita of $9,920, while Libya is the third richest country in Africa with a GNI per capita of $8,700. South Africa is the fourth richest country in Africa with a GNI per capita of $6,530. Gabon is the fifth richest country in Africa with a GNI per capita of $6,440 while Botswana comes in sixth position with a GNI per capita of $6,430. Equatorial Guinea is the seventh richest country in Africa with a GNI per capita of $5,150. Namibia is the eighth richest country in Africa with a GNI per capita of $4,650. Algeria comes in ninth place, with a GNI per capita of $3,660. Finally, Eswatini is the tenth richest country in Africa with a GNI per capita of $3,650.

The top 10 richest African countries are:

1. Seychelles – $14,540
2. Mauritius – $9,920
3. Libya – $8,700
4. South Africa – $6,530
5. Gabon – $6,440
6. Botswana – $6,430
7. Equatorial Guinea – $5,150
8. Namibia – $4,650
9. Algeria – $3,660
10. Eswatini – $3,650

Richest Country in Africa

Seychelles is the richest country in Africa, with a GNI per capita of $14,540. This small island nation has a population of fewer than 100,000 people and the country’s economy is largely driven by tourism, which contributes to around 70% of its GDP. Seychelles’ high-income status is also attributed to its strong fisheries industry. Despite being a small island nation with a population of just over 97,000 people, Seychelles boasts a well-developed infrastructure and a high standard of living. The country has invested heavily in education and healthcare, with free primary and secondary education, and a public healthcare system that provides universal access to medical services. Additionally, Seychelles has a stable political environment, which has attracted foreign investment and boosted economic growth.

Wealth by Country

Algeria

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GNI per capita

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$3,660

Ranked in the World

#9

GDP per capita (Current USD)

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$3,691

Ranked in the World

#13

GDP (Current USD)

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$163,044,400,000

Ranked in the World

#4

Algeria is the ninth richest country in Africa with a GNI per capita of $3,660. Its GDP per capita is $3,691, and its GDP is $163,044,400,000. Algeria is a member of the Organization of the Petroleum Exporting Countries (OPEC), and its economy is heavily dependent on its oil and gas sector, which accounts for more than 95% of its export revenue. It also has a well-developed agriculture sector, which contributes to its economy. Despite its wealth, Algeria faces economic challenges such as high youth unemployment and a need for diversification of its economy.

Angola

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GNI per capita

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$1,710

Ranked in the World

#23

GDP per capita (Current USD)

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$1,954

Ranked in the World

#23

GDP (Current USD)

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$67,404,290,000

Ranked in the World

#11

Benin

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GNI per capita

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$1,350

Ranked in the World

#28

GDP per capita (Current USD)

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$1,319

Ranked in the World

#28

GDP (Current USD)

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$17,144,920,000

Ranked in the World

#25

Botswana

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GNI per capita

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$6,430

Ranked in the World

#6

GDP per capita (Current USD)

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$6,805

Ranked in the World

#6

GDP (Current USD)

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$17,614,790,000

Ranked in the World

#24

Botswana is the sixth richest country in Africa, with a GNI per capita of $6,430. Botswana has a GDP per capita of $6,805 and a GDP of $17,614,790,000. Botswana's diamond industry has been a major contributor to the country's economic growth over the years, while its well-established infrastructure and stable political environment have made it an attractive destination for foreign investment. Additionally, the government has implemented policies to promote economic diversification, with a particular focus on the tourism sector.

Burkina Faso

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GNI per capita

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$830

Ranked in the World

#37

GDP per capita (Current USD)

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$893

Ranked in the World

#36

GDP (Current USD)

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$19,737,620,000

Ranked in the World

#22

Burundi

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GNI per capita

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$220

Ranked in the World

#54

GDP per capita (Current USD)

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$222

Ranked in the World

#54

GDP (Current USD)

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$2,779,810,000

Ranked in the World

#45

Cameroon

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GNI per capita

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$1,590

Ranked in the World

#24

GDP per capita (Current USD)

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$1,667

Ranked in the World

#25

GDP (Current USD)

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$45,338,280,000

Ranked in the World

#14

Cape Verde

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GNI per capita

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$3,190

Ranked in the World

#14

GDP per capita (Current USD)

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$3,293

Ranked in the World

#14

GDP (Current USD)

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$1,936,170,000

Ranked in the World

#50

Central African Republic

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GNI per capita

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$480

Ranked in the World

#51

GDP per capita (Current USD)

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$461

Ranked in the World

#52

GDP (Current USD)

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$2,516,500,000

Ranked in the World

#46

Chad

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GNI per capita

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$640

Ranked in the World

#43

GDP per capita (Current USD)

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$686

Ranked in the World

#43

GDP (Current USD)

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$11,779,980,000

Ranked in the World

#35

Comoros

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GNI per capita

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$1,580

Ranked in the World

#25

GDP per capita (Current USD)

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$1,578

Ranked in the World

#27

GDP (Current USD)

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$1,296,090,000

Ranked in the World

#53

Democratic Republic of the Congo

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GNI per capita

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$550

Ranked in the World

#48

GDP per capita (Current USD)

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$577

Ranked in the World

#48

GDP (Current USD)

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$55,350,970,000

Ranked in the World

#12

Djibouti

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GNI per capita

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$3,080

Ranked in the World

#15

GDP per capita (Current USD)

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$3,150

Ranked in the World

#15

GDP (Current USD)

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$3,482,990,000

Ranked in the World

#44

Egypt

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GNI per capita

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$3,350

Ranked in the World

#13

GDP per capita (Current USD)

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$3,699

Ranked in the World

#12

GDP (Current USD)

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$404,142,800,000

Ranked in the World

#3

Egypt is the thirteenth richest country in Africa with a GNI per capita of $3,350. Its GDP per capita is $3,699 and its GDP is $404,142,800,000. Egypt's economy is the largest in North Africa and the Middle East and is driven by a mix of services, manufacturing, and agriculture. Despite recent economic and political challenges, Egypt has maintained a relatively stable economy in recent years, with moderate growth rates and low inflation. The country has also implemented a number of economic reforms aimed at improving the business climate and attracting foreign investment.

Equatorial Guinea

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GNI per capita

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$5,150

Ranked in the World

#7

GDP per capita (Current USD)

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$7,507

Ranked in the World

#4

GDP (Current USD)

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$12,269,390,000

Ranked in the World

#33

Equatorial Guinea is the seventh richest country in Africa, with a GNI per capita of $5,150. Equatorial Guinea has a GDP per capita of $7,507 and a GDP of $12,269,390,000. Equatorial Guinea is considered one of the richest African countries due to its significant oil and gas reserves, which account for the majority of the country's export earnings. However, despite its natural resource wealth, Equatorial Guinea faces significant challenges related to poverty and inequality, as well as political instability and corruption.

Eritrea

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GNI per capita

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$610

Ranked in the World

#46

GDP per capita (Current USD)

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$644

Ranked in the World

#45

GDP (Current USD)

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$2,065,000,000

Ranked in the World

#48

Eswatini

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GNI per capita

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$3,650

Ranked in the World

#10

GDP per capita (Current USD)

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$3,978

Ranked in the World

#9

GDP (Current USD)

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$4,743,340,000

Ranked in the World

#41

Eswatini is the tenth richest country in Africa with a GNI per capita of $3,650. Its GDP per capita is $3,978, and its GDP is $4,743,340,000. Eswatini, formerly known as Swaziland, is a small landlocked country in Southern Africa. Its economy is largely dependent on its agriculture sector, specifically sugar, and forestry. It also has a growing manufacturing sector, including textiles and food processing. Eswatini has attracted foreign investment in recent years, but it still faces challenges such as high poverty and HIV/AIDS rates.

Ethiopia

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GNI per capita

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$940

Ranked in the World

#35

GDP per capita (Current USD)

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$925

Ranked in the World

#35

GDP (Current USD)

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$111,271,100,000

Ranked in the World

#6

Ethiopia is the thirty-fifth richest country in Africa with a GNI per capita of $940. Its GDP per capita is $925 and its GDP is $111,271,100,000. Ethiopia has one of the fastest-growing economies in Africa and is projected to become a middle-income country by 2025. The country has a large agriculture sector, which employs most of the population, and has recently been diversifying into manufacturing and services. Additionally, Ethiopia has significant natural resources, including gold, coffee, and hydropower. However, Ethiopia also faces challenges such as political instability, ethnic tensions, and limited infrastructure.

Gabon

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GNI per capita

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$6,440

Ranked in the World

#5

GDP per capita (Current USD)

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$8,635

Ranked in the World

#3

GDP (Current USD)

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$20,216,840,000

Ranked in the World

#21

Gabon is the fifth richest country in Africa, with a GNI per capita of $6,440. Gabon has a GDP per capita of $8,635 and a GDP of $20,216,840,000. Gabon is considered one of the richest African countries due to its significant oil reserves, which account for the majority of the country's export earnings. Gabon has also pursued policies to promote economic diversification and has made significant investments in infrastructure and human capital development.

Ghana

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GNI per capita

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$2,280

Ranked in the World

#17

GDP per capita (Current USD)

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$2,363

Ranked in the World

#17

GDP (Current USD)

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$77,594,280,000

Ranked in the World

#8

Ghana is the seventeenth richest country in Africa with a GNI per capita of $2,280. Its GDP per capita is $2,363 and its GDP is $77,594,280,000. Ghana's economy is one of the fastest-growing in Africa, driven by a mix of services, manufacturing, and agriculture. The country has made significant progress in reducing poverty and improving human development indicators in recent years. Ghana has also implemented a number of economic reforms aimed at improving the business climate and attracting foreign investment.

Guinea

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GNI per capita

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$1,020

Ranked in the World

#33

GDP per capita (Current USD)

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$1,189

Ranked in the World

#29

GDP (Current USD)

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$16,091,820,000

Ranked in the World

#26

Guinea-Bissau

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GNI per capita

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$760

Ranked in the World

#39

GDP per capita (Current USD)

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$795

Ranked in the World

#40

GDP (Current USD)

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$1,638,520,000

Ranked in the World

#51

Ivory Coast

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GNI per capita

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$2,420

Ranked in the World

#16

GDP per capita (Current USD)

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$2,549

Ranked in the World

#16

GDP (Current USD)

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$70,043,190,000

Ranked in the World

#9

Kenya

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GNI per capita

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$2,080

Ranked in the World

#19

GDP per capita (Current USD)

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$2,082

Ranked in the World

#21

GDP (Current USD)

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$110,347,100,000

Ranked in the World

#7

Kenya is the nineteenth richest country in Africa with a GNI per capita of $2,080. Its GDP per capita is $2,082 and its GDP is $110,347,100,000. Kenya has a relatively diversified economy with agriculture, manufacturing, and services being its major sectors. The country is the leading tea and horticultural producer in the region and has a large tourism industry. Additionally, Kenya has a rapidly growing technology sector and is considered one of the top innovation hubs in Africa. However, despite its wealth, Kenya faces challenges such as high levels of unemployment, poverty, and inequality, as well as political instability and security threats.

Lesotho

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GNI per capita

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$1,210

Ranked in the World

#29

GDP per capita (Current USD)

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$1,094

Ranked in the World

#32

GDP (Current USD)

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$2,496,130,000

Ranked in the World

#47

Liberia

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GNI per capita

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$630

Ranked in the World

#44

GDP per capita (Current USD)

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$676

Ranked in the World

#44

GDP (Current USD)

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$3,509,000,000

Ranked in the World

#43

Libya

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GNI per capita

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$8,700

Ranked in the World

#3

GDP per capita (Current USD)

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$6,357

Ranked in the World

#7

GDP (Current USD)

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$42,817,470,000

Ranked in the World

#15

Libya is the third richest country in Africa, with a GNI per capita of $8,700. Libya has a GDP per capita of $6,357 and a GDP of $42,817,470,000. Libya's rich oil and gas reserves, coupled with its well-established infrastructure, have enabled it to develop a highly industrialized economy. Despite political instability and conflict in recent years, the country has maintained a significant level of economic activity and remains an important player in the global energy markets.

Madagascar

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GNI per capita

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$490

Ranked in the World

#50

GDP per capita (Current USD)

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$501

Ranked in the World

#49

GDP (Current USD)

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$14,472,600,000

Ranked in the World

#29

Malawi

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GNI per capita

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$620

Ranked in the World

#45

GDP per capita (Current USD)

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$635

Ranked in the World

#46

GDP (Current USD)

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$12,626,720,000

Ranked in the World

#31

Mali

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GNI per capita

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$820

Ranked in the World

#38

GDP per capita (Current USD)

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$874

Ranked in the World

#38

GDP (Current USD)

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$19,140,460,000

Ranked in the World

#23

Mauritania

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GNI per capita

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$1,950

Ranked in the World

#22

GDP per capita (Current USD)

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$2,166

Ranked in the World

#20

GDP (Current USD)

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$9,996,250,000

Ranked in the World

#38

Mauritius

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GNI per capita

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$9,920

Ranked in the World

#2

GDP per capita (Current USD)

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$9,106

Ranked in the World

#2

GDP (Current USD)

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$11,529,040,000

Ranked in the World

#36

Mauritius is the second richest country in Africa, with a GNI per capita of $9,920. Mauritius has a GDP per capita of $9,106 and a GDP of $11,529,040,000. The country is considered one of the richest African countries because of its highly diversified and thriving economy, supported by sectors such as financial services, tourism, and manufacturing. The country's government has pursued pro-business policies, and has implemented a range of initiatives to support entrepreneurship and innovation.

Morocco

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GNI per capita

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$3,620

Ranked in the World

#11

GDP per capita (Current USD)

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$3,795

Ranked in the World

#11

GDP (Current USD)

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$142,866,300,000

Ranked in the World

#5

Morocco is the eleventh richest country in Africa with a GNI per capita of $3,620. Its GDP per capita is $3,795 and its GDP is $142,866,300,000. Morocco's economy is diversified and relatively open to foreign trade and investment. Its major industries include agriculture, tourism, and manufacturing. Morocco has made significant progress in economic and social development in recent years, with poverty rates declining and human development indicators improving. The country has also implemented economic reforms aimed at attracting foreign investment and improving the business climate.

Mozambique

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GNI per capita

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$480

Ranked in the World

#52

GDP per capita (Current USD)

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$492

Ranked in the World

#50

GDP (Current USD)

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$15,776,760,000

Ranked in the World

#27

Namibia

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GNI per capita

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$4,650

Ranked in the World

#8

GDP per capita (Current USD)

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$4,866

Ranked in the World

#8

GDP (Current USD)

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$12,310,600,000

Ranked in the World

#32

Namibia is the eighth richest country in Africa with a GNI per capita of $4,650. Its GDP per capita is $4,866, and its GDP is $12,310,600,000. Namibia's economy is heavily dependent on its mining sector, specifically diamonds, uranium, and other minerals. It has a stable legal and political environment, making it an attractive destination for foreign investment.

Niger

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GNI per capita

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$590

Ranked in the World

#47

GDP per capita (Current USD)

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$591

Ranked in the World

#47

GDP (Current USD)

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$14,915,000,000

Ranked in the World

#28

Nigeria

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GNI per capita

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$2,080

Ranked in the World

#20

GDP per capita (Current USD)

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$2,066

Ranked in the World

#22

GDP (Current USD)

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$440,833,600,000

Ranked in the World

#1

Nigeria is the twentieth richest country in Africa with a GNI per capita of $2,080. Its GDP per capita is $2,066 and its GDP is $440,833,600,000. Nigeria has the largest economy in Africa and is heavily dependent on oil exports. Despite this, the country has made significant progress in diversifying its economy in recent years, with growth in non-oil sectors such as agriculture, manufacturing, and services. Nigeria also has a large and growing consumer market, with a young and increasingly urban population. However, the country also faces a number of economic challenges, including high levels of poverty and inequality, and an unstable business environment.

Republic of the Congo

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GNI per capita

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$1,970

Ranked in the World

#21

GDP per capita (Current USD)

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$2,290

Ranked in the World

#19

GDP (Current USD)

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$13,366,230,000

Ranked in the World

#30

Rwanda

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GNI per capita

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$840

Ranked in the World

#36

GDP per capita (Current USD)

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$822

Ranked in the World

#39

GDP (Current USD)

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$11,070,360,000

Ranked in the World

#37

São Tomé and Príncipe

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GNI per capita

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$2,260

Ranked in the World

#18

GDP per capita (Current USD)

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$2,361

Ranked in the World

#18

GDP (Current USD)

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$526,650,000

Ranked in the World

#54

Senegal

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GNI per capita

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$1,570

Ranked in the World

#26

GDP per capita (Current USD)

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$1,637

Ranked in the World

#26

GDP (Current USD)

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$27,625,390,000

Ranked in the World

#19

Seychelles

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GNI per capita

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$14,540

Ranked in the World

#1

GDP per capita (Current USD)

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$14,653

Ranked in the World

#1

GDP (Current USD)

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$1,454,460,000

Ranked in the World

#52

Seychelles is the richest country in Africa, with a GNI per capita of $14,540. It has a GDP per capita of $14,653 and a GDP of $1,454,460,000. Seychelles is considered one of the richest African countries due to its thriving tourism industry, as well as its strong financial sector and well-established infrastructure. The country's government has implemented policies to promote economic growth, resulting in a stable and prosperous economy.

Sierra Leone

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GNI per capita

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$500

Ranked in the World

#49

GDP per capita (Current USD)

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$480

Ranked in the World

#51

GDP (Current USD)

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$4,042,240,000

Ranked in the World

#42

Somalia

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GNI per capita

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$430

Ranked in the World

#53

GDP per capita (Current USD)

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$447

Ranked in the World

#53

GDP (Current USD)

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$7,628,000,000

Ranked in the World

#40

Somalia is the thirty-third richest country in Africa with a GNI per capita of $430. Its GDP per capita is $447 and its GDP is $7,628,000,000. Somalia is one of the poorest and most unstable countries in Africa, with a protracted conflict that has lasted for decades. The country has a large informal economy, with agriculture and livestock being the main sources of livelihood for most of the population. Additionally, Somalia has significant natural resources, including oil and gas, but has not been able to exploit them due to insecurity and lack of infrastructure. The country also faces challenges such as high levels of poverty, unemployment, and limited access to basic services such as healthcare and education.

South Africa

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GNI per capita

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$6,530

Ranked in the World

#4

GDP per capita (Current USD)

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$7,055

Ranked in the World

#5

GDP (Current USD)

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$419,015,000,000

Ranked in the World

#2

South Africa is the fourth richest country in Africa, with a GNI per capita of $6,530. South Africa has a GDP per capita of $7,055 and a GDP of $419,015,000,000. South Africa is considered one of the richest African countries due to its highly developed industrial and service sectors, supported by a well-established infrastructure and a large, skilled workforce. The country is also rich in mineral resources, including gold, diamonds, and platinum, which have helped to drive economic growth over the years.

South Sudan

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GNI per capita

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$1,040

Ranked in the World

#31

GDP per capita (Current USD)

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$1,072

Ranked in the World

#33

GDP (Current USD)

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$11,997,800,000

Ranked in the World

#34

Sudan

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GNI per capita

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$650

Ranked in the World

#42

GDP per capita (Current USD)

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$752

Ranked in the World

#42

GDP (Current USD)

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$34,326,060,000

Ranked in the World

#17

Tanzania

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GNI per capita

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$1,100

Ranked in the World

#30

GDP per capita (Current USD)

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$1,099

Ranked in the World

#31

GDP (Current USD)

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$67,841,050,000

Ranked in the World

#10

The Gambia

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GNI per capita

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$740

Ranked in the World

#41

GDP per capita (Current USD)

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$772

Ranked in the World

#41

GDP (Current USD)

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$2,038,420,000

Ranked in the World

#49

Togo

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GNI per capita

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$960

Ranked in the World

#34

GDP per capita (Current USD)

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$973

Ranked in the World

#34

GDP (Current USD)

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$8,413,200,000

Ranked in the World

#39

Tunisia

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GNI per capita

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$3,540

Ranked in the World

#12

GDP per capita (Current USD)

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$3,807

Ranked in the World

#10

GDP (Current USD)

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$46,686,740,000

Ranked in the World

#13

Uganda

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GNI per capita

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$760

Ranked in the World

#40

GDP per capita (Current USD)

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$884

Ranked in the World

#37

GDP (Current USD)

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$40,529,790,000

Ranked in the World

#16

Western Sahara

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GNI per capita

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$56

Ranked in the World

#55

Zambia

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GNI per capita

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$1,030

Ranked in the World

#32

GDP per capita (Current USD)

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$1,137

Ranked in the World

#30

GDP (Current USD)

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$22,147,630,000

Ranked in the World

#20

Zimbabwe

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GNI per capita

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$1,530

Ranked in the World

#27

GDP per capita (Current USD)

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$1,774

Ranked in the World

#24

GDP (Current USD)

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$28,371,240,000

Ranked in the World

#18

FAQs

What is the richest country in Africa ?

The richest country in Africa is Seychelles, with a GNI per capita of $14,540.

Is South Africa the richest country in Africa ?

No, South Africa is not the richest country in Africa. It is the fourth richest country in Africa, with a GNI per capita of $6,530.

Is Nigeria the richest country in Africa ?

No, Nigeria is not the richest country in Africa. It is the twentieth richest country in Africa based on its GNI per capita of $1,970. Based on GDP however, Nigeria is the richest country in Africa with a GDP of $440,833,600,000.