"Top 10 richest countries in Africa in 2024"

" Top 10 richest countries in Africa in 2024 \r\n\r\n \r\n \r\n \r\n\r\nFrom the financial hubs of Mauritius to the resource-rich states of Libya, this analysis delves into what makes these African countries stand out regarding riches and economic stability.\r\n\r\n \r\n \r\n \r\n \r\n\r\nWhen you think of the wealthiest countries in Africa, you are probably taking the GDP per capita by country into account. In this article, we list Africa's top 10 richest countries based on GDP per capita, as estimated by \u00a0the International Monetary Fund (IMF) .\r\n\r\n \r\n \r\n\r\nHowever, if you are watching out for the GDP per capita of Nigeria or the GDP per capita of Kenya, this list may surprise you since the countries that emerge on top are also some of the smallest countries in the continent.\r\n\r\n \r\n \r\n So what do we mean when we say a country is rich? \r\n\r\n \r\n \r\n\r\nGDP, or the gross domestic product, is a parameter for the value of all goods and services produced in a nation. Dividing this output by the number of full-time residents in a country is a better way of determining how rich or poor a country\u2019s general populace is.\r\n\r\n \r\n \r\n \r\n \r\n GDP, or the gross domestic product, is a parameter for the value of all goods and services produced in a nation \r\n However, only when taking into account inflation rates and the cost of local goods and services, can we get a more accurate picture of a nation\u2019s average standard of living. \r\n \r\n Considering both factors, the resulting figure is called PPP or purchasing power parity, often expressed in dollars to allow comparisons between countries. \r\n \r\n \r\n \r\n \r\n \r\n\r\nWhen you go by GDP per capita PPP, these 10 African countries come up as the richest as of January 24, 2024:\r\n\r\n \r\n \r\n \r\n \r\n \r\n Rank \r\n Global Rank \r\n Country\/Territory \r\n GDP-PPP per capita ($) \r\n \r\n \r\n \r\n \r\n 1 \r\n 66 \r\n \ud83c\uddf2\ud83c\uddfa Mauritius \r\n 29,349 \r\n \r\n \r\n 2 \r\n 75 \r\n \ud83c\uddf1\ud83c\uddfe Libya \r\n 24,382 \r\n \r\n \r\n 3 \r\n 89 \r\n \ud83c\udde7\ud83c\uddfc Botswana \r\n 19,394 \r\n \r\n \r\n 4 \r\n 90 \r\n \ud83c\uddec\ud83c\udde6 Gabon \r\n 19,165 \r\n \r\n \r\n 5 \r\n 94 \r\n \ud83c\uddec\ud83c\uddf6 Equatorial Guinea \r\n 18,363 \r\n \r\n \r\n 6 \r\n 97 \r\n \ud83c\uddea\ud83c\uddec Egypt \r\n 17,123 \r\n \r\n \r\n 7 \r\n 100 \r\n \ud83c\uddff\ud83c\udde6 South Africa \r\n 16,211 \r\n \r\n \r\n 8 \r\n 111 \r\n \ud83c\udde9\ud83c\uddff Algeria \r\n 13,682 \r\n \r\n \r\n 9 \r\n 113 \r\n \ud83c\uddf9\ud83c\uddf3 Tunisia \r\n 13,249 \r\n \r\n \r\n 10 \r\n 124 \r\n \ud83c\uddf2\ud83c\udde6 Morocco \r\n 10,408 \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n "

"Top 10 richest countries in Africa in 2024"

Ghana Shippers Authority Vows Enforcement of New BoG FX Guidelines for Shipping Lines AMP

Azumah Resources, E&P Mining Lease Dispute Nears Resolution – Lands MinisterAMP

$18 Trillion or Total Nonsense? The Oil Demand DivideAMP