Some African countries are richest and are on the rise economically. Countries such as Nigeria, South Africa, Egypt, Algeria, Morocco and Angola are putting Africa as a continent on the map. Most countries that appear on this list are well-endowed with economic which creates employment, reduces over-dependency on other countries and grows economy as well.
Nigeria, the leading among richest countries Africa mostly depends on oil as her major economic recourse. In fact, the country is the leading in Africa in production of palm oil. Nigeria also has a good number of people who have made appearances on Forbes Magazine as the richest blacks in the world.
South Africa becomes second giant country in Africa economically. The country is one of the countries that were first to see civilization in Africa. Apart from matters economy, south Africa has also dominated in entertainment industry. Most renowned movie black stars whom we see on screens are south Africans by nationality. The country has been blessed with a variety of minerals and up-to-date know-how on how to exploit them.
In terms of infrastructure such as transport and communication systems, the country is several miles ahead of any other country in Africa, since decades ago.
Other countries that make it to our top 20 mostly depends on agricultural produce to boost their economy.
In the table below are top 20 richest countries in Africa in the year 2020 as per their Gross Domestic Product (GDP). The GDP figures highlighted below were been extracted from the International Monetary Fund (IMF) World Economic Outlook in the fourth (4th) quarter of 2018 and projections made by the World Bank for 2022.
|Country||Capital City||Population (2019)||Gross Domestic Product (GDP)|
|1||Nigeria||Abuja||200 million||$397.4 billion|
|2||South Africa||Pretoria||58.7 million||$376.7 billion|
|3||Egypt||Cairo||99.2 million||$249.5 billion|
|4||Algeria||Algiers||43.2 million||$188.3 billion|
|5||Morocco||Rabat||36.7 million||$118.2 billion|
|6||Angola||Luanda||31.8 million||$114.5 billion|
|7||Kenya||Nairobi||53.5 million||$89.6 billion|
|8||Ethiopia||Addis Ababa||112 million||$83.8 billion|
|9||Tanzania||Dodoma||59.4 million||$55.6 billion|
|10||Ghana||Accra||30.9 million||$51.8 billion|
|11||Cote D’Ivoire||Yamoussoukro||25.8 million||$45.9 billion|
|12||Libya||Tripoli||6.77 million||$43.2 billion|
|13||DRC Congo||Kinshasa||86.8 million||$42.7 billion|
|14||Tunisia||Tunis||11.7 million||$41.7 billion|
|15||Cameroon||Yaounde||25.9 million||$38.4 billion|
|16||Sudan||Khartoum||42.8 million||$33.2 billion|
|17||Uganda||Kampala||44.2 million||$27.9 billion|
|18||Zambia||Lusaka||17.8 million||$25.8 billion|
|19||Senegal||Dakar||16.2 million||$24.2 billion|
|20||Zimbabwe||Harare||14.6 million||$19.4 billion|