These Countries Have The Highest GDP Per Capita In Africa

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by Tyler Durden
Tuesday, May 28, 2024 - 08:15 AM

With a GDP per capita of $21,580 in 2023, the Seychelles is Africa's most prosperous nation, based on this indicator.

Highly dependent on tourism, Statista's Anna Fleck notes that the archipelago's economy remains highly vulnerable to global disruptions affecting the sector, as was the case during the 2008-2009 recession and the Covid pandemic (when GDP fell by almost 8 percent in 2009 and 2020).

Infographic: The Countries With the Highest GDP per Capita in Africa | Statista

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In second and third place are Mauritius and Gabon, with a GDP per capita of between $9,000 and $11,000 last year.

South Africa ranks sixth, with a GDP per capita of $6,140, behind Botswana ($7,640), Equatorial Guinea ($6,660) and Libya ($6,580).

In half of these countries (Gabon, Equatorial Guinea, Libya), the economy remains highly dependent on oil revenues.

Although economists use GDP per capita to compare the level of prosperity of populations worldwide, it does not take into account the income inequalities that can exist within a country.

Based on the Gini index, for example, some African countries are among the most unequal on the planet in terms of wealth redistribution.