Ghana misses out on top 10 African countries with highest GDP per capita
Ghana has missed out on a ranking that sought to collate the top 10 African countries with the highest Gross Domestic Product (GDP) per capita.
This is despite being the second biggest economy in West Africa – after Nigeria – and having one of the biggest GDP values – approximately $72bn – on the African Continent.
Per the ranking by TradingEconomics, Seychelles (1st) has the highest GDP per capita of $17,117 followed by Mauritius (2nd) and Libya (3rd) with GDP per capita of $10,545 and $8,151 respectively.
Egypt and Swaziland placed 9th and 10th positions with GDP per capita of $4,089 and $4,045 respectively.
Ghana’s GDP per capita currently stands at $2,071.
| Rank | Country | GDP per capita | GDP |
|---|---|---|---|
| 1. | Seychelles | $17117 | $1.24 billion |
| 2. | Mauritius | $10545 | $12.9 billion |
| 3. | Libya | $8151 | $45.75 billion |
| 4. | Botswana | $6657 | $20.35 billion |
| 5. | Gabon | $6642 | $21.07 billion |
| 6. | South Africa | $6019 | $406 billion |
| 7. | Equatorial Guinea | $5871 | $11.81 billion |
| 8. | Namibia | $4358 | $12.61 billion |
| 9. | Egypt | $4089 | $477 billion |
| 10. | Swaziland | $4045 | $4.85 billion |
Gross Domestic Product (GDP) per capita stands as a fundamental metric in the realm of economics, offering invaluable insights into the economic health and well-being of a nation’s population.
It serves as a tool for comparing living standards, gauging economic development, and assessing the distribution of wealth within a country.
GDP per capita is a calculation that divides a country’s total economic output, or GDP, by its population. The resulting figure offers an approximation of the average economic output per individual in the country.
This measure enables a more comprehensive evaluation of economic performance beyond the overall GDP, as it accounts for population size.
GDP per capita figures vary drastically among countries, and even with a continent, there can exist a massive disparity between one country’s GDP per capita and another.
