Tuesday, July 22, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Top 10 African countries with the highest GDP per capita in 2025

Simon Osuji by Simon Osuji
February 10, 2025
in Business
0
Top 10 African countries with the highest GDP per capita in 2025
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

GDP per capita measures how much money, on average, each person in a country would have if the nation’s total income was shared equally. It’s calculated by taking the country’s total economic output (GDP) and dividing it by the population.

In Africa, this figure varies significantly, reflecting the continent’s vast economic disparities, structural challenges, and growth opportunities.

Africa has some of the fastest-growing economies in the world, but also some of the poorest. In some areas, GDP per capita is relatively high, especially where industries, trade, and natural resources like oil or minerals drive wealth.

Many African economies are heavily dependent on natural resources such as oil, gas, minerals, and agriculture. In resource-rich areas, GDP per capita can be relatively high, especially where revenue is efficiently managed.

However, relying too much on natural resources like oil, gold, and minerals can be a risky game. When global prices go up, economies boom. But when they crash, things can go south fast.

At the same time, not all parts of Africa are growing at the same pace. In many areas, conflict, bad leadership, and economic instability keep incomes low. Big cities and industrial centres tend to have higher incomes, while rural communities—where most people depend on farming—often struggle to keep up.

Another big factor is Africa’s rapidly growing population. More people means more demand for jobs, food, and services. Even though some economies are growing, if the population grows even faster, the average income per person can stall or even drop, making it harder for people to improve their quality of life.

According to the IMF, Seychelles has the highest GDP per capita in Africa at $22,000, making it the continent’s leader in average income per person. Mauritius comes next with $13,100, while Gabon follows with $9,000.

Related posts

Top 10 countries with the highest reserves of foreign exchange and gold 2025

Top 10 countries with the highest reserves of foreign exchange and gold 2025

July 21, 2025
DeVoe: Record-breaking RIA M&A run led by private equity’s consolidator comeback

DeVoe: Record-breaking RIA M&A run led by private equity’s consolidator comeback

July 21, 2025

Below are the top 10 African countries with the highest GDP per capita in 2025:

Rank Country GDP per capita GDP

1

Seychelles

$22,000

3.9%

2

Mauritius

$13,100

4%

3

Gabon

$9,000

2.6%

4

Botswana

$8,000

5.2%

5

Equatorial Guinea

$7,890

4.8%

6

Libya

$6,870

13.7%

7

South Africa

$6,520

1.5%

8

Algeria

$5,590

3%

9

Cabo Verde

$5,710

4.7%

10

Namibia

$4,710

4.2%

Source link

Previous Post

Can a stronger defence sector pivot SA’s economy to prosperity?

Next Post

Libya’s Culture Clampdown Targets Popular Rap Music and Free Expression

Next Post
Libya’s Culture Clampdown Targets Popular Rap Music and Free Expression

Libya's Culture Clampdown Targets Popular Rap Music and Free Expression

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Mitigating the rising elephant-farmer conflict in Cross River – EnviroNews

Mitigating the rising elephant-farmer conflict in Cross River – EnviroNews

4 months ago
Lesego Chombo, 27, Appointed Botswana’s Youngest Minister Ever!

Lesego Chombo, 27, Appointed Botswana’s Youngest Minister Ever!

2 months ago
NBK marks milestone with $800mln additional Tier 1 Bond listing on the London Stock Exchange

NBK marks milestone with $800mln additional Tier 1 Bond listing on the London Stock Exchange

2 days ago
Election Night on The Yard at Howard University

Election Night on The Yard at Howard University

9 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.