Top 20 Richest Countries In Africa

Africa is a continent full of natural resources, vibrant economies, and growing industries. Some African countries are wealthier than others, mostly due to oil, minerals, technology, agriculture, and tourism. Here are the top 20 richest countries in Africa by GDP.

20. Zambia – $29.2 Billion

Zambia is rich in copper, which is its main export. The mining sector plays a big role in the country’s economy. It is also one of the most peaceful countries in Africa.

19. Botswana – $30.0 Billion

Known for its diamonds and political stability, Botswana has one of the most successful economies in Southern Africa.

18. Senegal – $31.6 Billion

Senegal’s economy is growing due to agriculture, tourism, and investments in infrastructure like ports and roads.

17. Madagascar – $32.2 Billion

Madagascar’s economy depends heavily on agriculture, especially vanilla, which it exports globally.

16. Ghana – $36.5 Billion

Ghana has a diversified economy, with gold, cocoa, and oil being major sources of income. It’s one of West Africa’s fastest-growing economies.

15. Ivory Coast (Côte d’Ivoire) – $38.4 Billion

Ivory Coast is the world’s largest exporter of cocoa beans and also has a strong presence in rubber and coffee production.

14. Tanzania – $40.5 Billion

Tourism, agriculture, and mining contribute to Tanzania’s economy. Mount Kilimanjaro also attracts visitors worldwide.

13. Libya – $45.3 Billion

Despite political instability, Libya remains rich in oil, which is its main economic driver.

12. Uganda – $50.3 Billion

Uganda’s economy is growing steadily, with agriculture, services, and now oil exploration leading the way.

11. Sudan – $58.7 Billion

Sudan has oil and agriculture as major contributors. Gold exports have also increased in recent years.

See>>> 20 Poorest Countries in Africa

Top 10 Wealthiest Countries in Africa

10. Tunisia – $62.4 Billion

Tunisia has a well-developed tourism sector and also produces textiles and electronics.

9. Democratic Republic of Congo (DRC) – $64.5 Billion

The DRC is incredibly rich in natural resources like cobalt and copper, which are essential for electric cars and electronics.

8. Angola – $74.9 Billion

Angola is one of Africa’s top oil producers. The country is rebuilding after years of civil war, and oil revenues are helping its economy grow.

7. Ethiopia – $111.3 Billion

Ethiopia has a rapidly growing economy based on agriculture, manufacturing, and construction. It’s also Africa’s second-most populous country.

6. Kenya – $120.6 Billion

Kenya is a tech and business hub in East Africa. Its economy is based on agriculture, services, and a fast-growing digital economy. Nairobi is sometimes called “Silicon Savannah.”

5. Morocco – $142.9 Billion

Morocco has a stable economy powered by tourism, agriculture, and industry. It’s also a gateway between Europe and Africa. Morocco is known for its vibrant cities like Marrakesh and Casablanca.

4. Algeria – $206.0 Billion

Algeria’s wealth comes mainly from oil and gas. It has one of the largest energy reserves in Africa. Government subsidies and infrastructure investments also support the economy.

3. South Africa – $399.0 Billion

South Africa has a diverse and modern economy. It’s rich in minerals like gold and platinum and has strong financial and manufacturing sectors. It’s home to Africa’s largest stock exchange in Johannesburg.

📌 Learn more: South African Economy – Britannica

2. Egypt – $387.1 Billion

Egypt has a strong economy supported by tourism, the Suez Canal, remittances, and a large manufacturing base. Cairo is a major economic and cultural centre in Africa.

📌 Related reading: World Bank – Egypt Overview

1. Nigeria – $477.4 Billion

Nigeria is the richest country in Africa by GDP. It is the continent’s most populous country and a major oil producer. Lagos, the commercial capital, is one of the fastest-growing cities in the world.

📌 Read more: IMF Nigeria GDP data

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Summary Table

Final Thoughts

While GDP doesn’t show how wealth is shared among people, it helps us understand how strong an economy is. Many African countries are growing rapidly, and some like Ethiopia, Kenya, and Ghana are set to become even bigger economic players in the future.

For more detailed and up-to-date economic statistics, you can visit:

• International Monetary Fund (IMF)

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• World Bank – Africa