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[Updated] Top 20 Richest Countries in Africa by GDP 2021/2022

[Updated] Top 20 Richest Countries in Africa by GDP 2020/2021
Aerial View of Kenya's Nairobi CBD. Image Source: www.wanderlust.co.uk

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


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