Why is South Africa called the Africa's wealthiest nation?

Answer 1

The wealth of a country is measured in GDP (Gross Domestic Product) South Africa does have the highest GDP in Africa. The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and input for a given country's economy. This information is slightly old but will give a good indication where South Africa sits on a top 15 in Africa. Richest African Countries 2006: GDP Per Country # South Africa … $606.4 billion in international$ (up 8% from 2005) # Algeria ... $262.2 billion (up 8.5%) # Nigeria … $181.8 billion (up 10.2%) # Morocco … $150.8 billion (up 4.8%) # Sudan … $98.8 billion (up 11.2%) # Tunisia … $91.4 billion (up 7.4%) # Ethiopia … $78.4 billion (up 12%) # Ghana … $59.4 billion (up 9.1%) # Angola … $53.9 billion (up 24.3%) # Democratic Republic of Congo … $50.4 billion (up 9.7%) # Uganda … $48.5 billion (up 9.2%) # Kenya … $45.6 billion (up 8.9%) # Cameroon … $40.3 billion (up 5.7%) # Côte d'Ivoire … $31.4 billion (up 4.9%) # Tanzania … $30.6 billion (up 10%) Source : http://gross-national-product.suite101.com