Richest country in Africa

Answer 1

Below is the list of the top 10 according to CIA world factbook.

Country GDP - per capita:

1 Equatorial Guinea $ 50,200

2 Mauritius $ 13,500

3 South Africa $ 13,000

4 Libya $12,700

5 Botswana $11,400

6 Tunisia $8,600

7 Seychelles $7,800

8 Algeria $ 7,700

9 Namibia $ 7,400

10 Gabon $ 7,200

South Africa is the richest country in Africa. It has the biggest economy in Africa, followed by Egypt and then Nigeria, meaning South Africa the richest country in terms of GDP.

(http://www.clickafrique.com/Magazine/ST014/CP0000002788.aspx)

SA might not be the richest country in terms of GDP per capita but that is not a measurement of a its total wealth. Mauritius is the richest country in Africa only in terms of GDP per capita, but it has a very small economy and no meaningful natural reserves.

Finally, although Nigeria is very rich in Natural Resources, such as oil, it does not come close to the resource wealth of South Africa. Don't forget its huge reserves of gold and platinum. South Africa is sitting on nearly 40% of the worlds platinum reserves.

In fact, according to Citigroup, South Africa is the richest countryin the world in terms of natural reserves, with 2.5 trillion dollars worth of resources, followed by Russia and then Australia.

(http://www.4castresearch.com/economy/economy/1572-sa-richest-country-in-the-world.html)

It is safe to say that South Africa is the richest country in Africa.

South Africa is the richest country in Africa. It has the biggest economy in Africa, followed by Egypt and then Nigeria, meaning South Africa the richest country in terms of GDP.

(http://www.clickafrique.com/Magazine/ST014/CP0000002788.aspx)

SA might not be the richest country in terms of GDP per capita but that is not a measurement of a its total wealth. Mauritius is the richest country in Africa only in terms of GDP per capita, but it has a very small economy and no meaningful natural reserves.

Finally, although Nigeria is very rich in natural resources, such as oil, it does not come close to the resource wealth of South Africa. Don't forget its huge reserves of gold and platinum. South Africa is sitting on nearly 40% of the worlds platinum reserves.

In fact, according to Citigroup, South Africa is the richest countryin the world in terms of natural reserves, with 2.5 trillion dollars worth of resources, followed by Russia and then Australia.

(http://www.4castresearch.com/economy/economy/1572-sa-richest-country-in-the-world.html)

It is safe to say that South Africa is the richest country in Africa.

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The richest countries based on GDP, a country's productivity.The GDP is a measure of if all the goods and services of country where divided it people what is the average dollar amount of goods and services they produce. According to this metric Equatorial Guinea is #1, the people produce an average of $50,200 of goods per person.