10 richest countries in Africa-Nchi 10 tajiri zaidi barani Afrika The continent of Africa is said to be the poorest in the world, while the poverty of the continent is compounded by the unstable economic situation, insecurity, corruption, civil war and terrorist acts in the continent.
The International Monetary Fund and the World Bank, in a joint report published at the end of 2021, have announced the 10 richest countries in Africa.
10 richest countries in Africa-Nchi 10 tajiri zaidi barani Afrika
1. Egypt
Egypt has become the first country in Africa to have high economic growth according to the report.
Egypt’s annual income is $1.38 trillion.
Egypt has a total of 102 million people, and the country depends on agriculture, mining and tourism.
2. Nigeria
Nigeria, which is the second richest in Africa, has a national income of 1.14 trillion dollars. Nigeria has a total of 206.1 million people, making it the most populous country in Africa. Nigeria’s economy is based on oil and agriculture.
3. South Africa
South Africa, which is the richest country in Africa, ranks third with a GDP of 861.93 billion dollars per year.
The country has 59,899,576 people, its economy depends on minerals, especially gold and other natural resources.
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4. Algeria
Algeria is the third richest country in Africa, with a GDP of 532.57 billion dollars.
The country has 44,911,520 people and its economy depends on oil and natural gas sold abroad.
5. Morocco
Morocco, which is located in North Africa and holds the fourth position among the 10 richest countries in Africa, with a GDP of 302.77 billion dollars.
The country has 37,462,423 inhabitants and its economy is based on agriculture, mining and tourism.
6. Ethiopia
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Ethiopia, which is located in East Africa and ranks sixth among the richest countries in Africa, has a GDP of $298.57 billion per year.
Ethiopia has 115 million inhabitants and its economy depends on Agriculture.
7. Kenya
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Kenya, which is located in the East African region and is ranked seventh among the ten richest in Africa, has an annual GDP of $269.29 billion.
Kenya has a population of 54,039,625, and its economy is based on agriculture, tourism and trade.
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8. Angola
Angola, which is located in the central region of Africa, is ranked eighth among the ten richest countries in Africa. It has an annual GDP of 217.97 billion US dollars.
Angola has a total population of 35,601,398, and its economy is based on oil and minerals.
9. Ghana
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Ghana, which is located in the west of Africa is ranked ninth among the 10 richest countries in the African continent with a total income of 193.63 billion dollars per year.
Ghana has a population of 33,483,283, and its economy relies on industrial production such as technology and transport.
10. Sudan
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Finally, Sudan, which is located in East Africa, ranks 10th among the richest countries in Africa, with a national income of 189.87 billion US dollars per year.
Sudan has 46,888,316 people, and its economy is based on oil and agriculture.
The report said that the African continent has a lot of natural resources, but countries in the continent are using these resources to create wars, corruption and political turmoil that have contributed to these issues.
SOURCE:BBC