Extreme income inequality is found in the country. Much of Tunisia's economy is dependent on industries such as oil, tourism, and automobile parts. It has been independent since 1968 and has a population of around 1.3 million. There are currently 81 countries worldwide classified as high-income and only two are in Africa. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. Furthermore, there is a monopoly over many commodities, which also further escalates this cost. It is the 6th richest country in Africa with a GDP per capita of $15,000. Before tourists began to visit the country, plantations used to drive the economy of Seychelles. However, in recent years, the economy has diversified. Finally, low-income countries have GNI per capita of $1,025 per less. This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. All figures are from the 2017 International Monetary Fund data. South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. Although agriculture used to play an important role in the country's economy, its importance has decreased. The gross national income (GNI) is calculated by adding gross domestic product to factor incomes from foreign residents, then subtracting income earned by non-residents. This table may be more easily updated if the rank-order column (1,2,3) is. Traditionally, the state has played a large role in the economy of Algeria. This desert and oil-rich country in the Maghreb region in Africa is mostly known for four decades of rule by Muammar Gaddafi and the chaos that followed after his death. As of 2012, Africa had 1.07 billion people living in the 54 countries of the continent. GDP (PPP) Per Capita: $7,541.85. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - List of Countries by Personal Income Tax Rate. It is the third richest country in Africa with a GDP per capita of $21,628. Throughout its history, the country has been colonized by the Dutch, French, and British. Article: Cardiovascular Diseases in Sub-Saharan Africa Compared to High-Income Countries: An Epidemiological Perspective

Non-communicable diseases (NCDs) are the second common cause of death in sub-Saharan Africa (SSA) accounting for about 35% of all deaths, after a composite of communicable, maternal, neonatal, and nutritional diseases. In fact, approximately 62% of all maternal deaths worldwide occur there. With a population of only 92,000, it has the tiniest population of any country in Africa. Although Equatorial Guinea has the highest GDP per capita in Africa, there is great disparity in the distribution of income in the country. 761,826 0.695 8 92 12,994 Egypt: 11.9 33.1 55.7: 2017 est. Mauritius is the third richest country in Africa with a GDP per capita of $21,628. However, similar information is lacking for low- and middle-income countries. Cameroon. However, many of its residents continue to live in poverty. Equatorial Guinea is a country in Central Africa. Gabon is the fifth largest oil producer in Africa and has one of the highest urbanization rates … Algeria. Algeria - $15,000. The Gabonese government has been accused of overspending. 136,797 2.333 10 102 11,528 Namibia: 6.6 25.8 67.6: 2017 est. The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. 2019 in this case). Have you ever wondered how intelligent your country is compared to other African countries? United States. However, income inequality is also rampant. … South Africa: 2.8 29.7 74.2: 2017 est. Brazil. The economy of Mauritius is centered around tourism. The country has a mixed type of economy with a relatively high GDP compared to other African countries. This page provides values for Disposable Personal Income reported in several countries part of Africa. Tourism is one of the biggest revenue-generating industries in South Africa. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. However, some of these countries have the fastest-growing economies. The WB categorise economies across the world according to a four-tier ranking: high, upper-middle, lower-middle and low income. Gradual improvements in the South African economy have occurred since then. According to data gotten from IQ-research.info, citizens of Sierra Leone have the highest IQ in Africa, making them the smartest in Africa, they are closely followed by Mauritius, Seychelles, Eritrea and Morocco. Updated country income classifications are available here. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, The Richest And Poorest Provinces Of South Africa, The Richest Provinces and Territories of Canada, Types Of Crimes By Number Of Offenses In The US. Mining, agriculture, manufacturing, and tourism all play significant roles in the country's economy. Despite the abundant natural resources and nearness to the sea, overpopulation, desertification and decreasing water levels of the Nile are the major factors threatening the Egyptian economy. Although Africa has abundant natural resources, a large section of the continent's population is poverty-stricken. It ranks fourth on this list with an average GDP of $19,266. Higher-educated migrant workers in high-income countries are also less likely to attain jobs in higher occupational categories. It comes in first place with a GDP per capita of $34,865. Source: International Monetary Fund World Economic Outlook (October-2019) Date: 29 Feb 2020: Top Statistics Coronavirus Pandemic (COVID-19) Countries by GDP Growth 2020. GDP – $43.02 billion, GDP (PPP) Per Capita: $11,400, Population: 11,431,780Tunisia has one of the best run economies in the continent. Well, wonder no more. The smallest budget per capita exists in the Democratic Republic of the Congo. The rich oil and gas producing country runs on a diversified economy with some key exports being depended on such as phosphates, agri food products, chemicals, textiles among others. The World Bank refers to Mauritius as an "upper-middle-income economy". Nonetheless, it ranks eighth on the list with an average per capita income of $13,403. The groups are: low income, $1,035 or less; lower middle income, $1,036 - 4,045; upper middle income, $4,046 - 12,535; and high income, $12,536 or more. South Africa is among the top 10 countries in the world for income inequality. Dependent territories (not sovereign states) have their names in italics and are not ranked. Business Insider Sub-Saharan Africa by Pulse looks at 10 African countries with the highest annual personal income tax rates: 10 African countries with the highest personal income tax List of Countries by Personal Income Tax Rate - provides a table with the latest tax rate figures for several countries including actual values, forecasts, statistics and historical data. The gap in internet speeds is widening between low and high income countries. Egypt is a transcontinental country with territories stretching from Africa’s northeast corner to Asia’s southwest corner across the Sinai Peninsula. The economic disparity among South Africa’s population is primarily a result of the apartheid regime in the country which ended in 1994. It has been applauded for its free economy. The country that leads the list is Sierra Leone, an African nation, with a maternal mortality rate of 1,360 deaths per 100,000 births. However, among the 30 that are low income, 18 can be found on the African continent. In our comparison over 78 countries, the USA comes 9th with an average income of 65,760 USD. GDP – $183.687 Billion. Namibia is sparsely populated, with a population of around 2 million. 11,352 0.251 12 108 9,792 Libya: 1.3 63.8: 34.9 2017 est. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. The worldwide highest income is earned in Monaco. A country's level of development is now classified in a different way. It is considered to be a middle-income country. Burundi. The low population helps keep the GDP per capita relatively high. To better understand the situation in Uganda, in sub-Saharan Africa, researchers used the Iganga-Mayuge Health and Demographic Surveillance System (IMHDSS) to screen for cerebral palsy in children ages 2–17 in a rural eastern district of the country. Fishing and the processing of natural resources such as coconut also play an important role. Mauritius is an island country located in the Indian Ocean off the southeast coast of the African continent. Botswana is also home to a highly sophisticated banking system. The average income is calculated by gross national income and population. Currently, several African countries are among the poorest in the world. Libreville is the capital and biggest city of the country. Algeria, the largest country in Africa by land area, is located in the northern part of … Tunisia is a North African country. Tourism is one of the biggest contributors to the country's GDP. The country's economy is largely based on tourism. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. Seychelles ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. Equatorial Guinea ranks 136th on the UN's Human Development Index. It has a population of around 2.1 million, and a land area of around 224,610 square miles. Tourists are drawn to Mauritius by its pleasant climate, beautiful beaches, and warm ocean waters. Bosnia and Herzegovina. Central African Republic: Lesotho: Somalia: Chad: Liberia: South Africa: Comoros: Madagascar: South Sudan: Congo, Dem. In recent decades, the government has tried to come up with initiatives to reduce the dependence on tourism. Germany, US, Japan, and China are the biggest trade partners of South Africa outside of Africa. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 ().Middle income countries are home to 75% of the world’s population and 62% of the … In the United States and Finland, for example, while the share of migrant workers with secondary school education is 78 per cent and 98 per cent, respectively, the share of migrant workers in high- or semi-skilled jobs are only 35 per cent and 50 per cent. Despite this fact, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. With a per capita GDP of $11,528, it is the tenth richest country in Africa. Sierra Leone. Cabo Verde. Rep. Malawi: Sudan: Congo, Rep: Mali: Tanzania: Côte d'Ivoire: Mauritania: Togo: Equatorial Guinea: Mauritius: Uganda: Eritrea: Mozambique: Zambia: Eswatini: Namibia: Zimbabwe See Also: » African countries by GDP » Asian countries by GDP per capita The country is known for its reputation as a stable democracy. Seychelles is also an island country in the Indian Ocean. Looking at remittances as a share of GDP, Comoros has the largest share, followed by the Gambia , Lesotho, Cabo Verde, Liberia, Zimbabwe, Senegal, Togo, Ghana, and Nigeria. Although it has been suspected that Seychelles may harbor offshore oil reserves, to this date none have been found. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Disposable Personal Income. Cambodia. Metals and gemstones are important to the economy of Botswana and include resources such as uranium, gold, diamonds, and copper. For operational and analytical purposes, economies are divided among income groups according to 2019 gross national income (GNI) per capita, calculated using the World Bank Atlas method. Forecasts predict that the African economy will reach a GDP of $29 trillion by 2050. Learn how and when to remove these template messages, Learn how and when to remove this template message, Saint Helena, Ascension and Tristan da Cunha, List of countries by GDP (PPP) per capita, World Economic Outlook Database, January 2018, "Report for Selected Country Groups and Subjects (iPPP valuation of country GDP)", "Download entire World Economic Outlook database", "Ministry of statistic and program implementation", https://en.wikipedia.org/w/index.php?title=List_of_African_countries_by_GDP_(PPP)_per_capita&oldid=981924474, Short description is different from Wikidata, Wikipedia articles needing clarification from September 2015, All Wikipedia articles needing clarification, Wikipedia articles in need of updating from September 2015, All Wikipedia articles in need of updating, Tables that may need a separate rank column, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, This page was last edited on 5 October 2020, at 05:48. Algeria. Country GNI per capita (US$) Year 87 Colombia: 6,510: 2019 88 Equatorial Guinea: 6,460: 2019 89 Belarus: 6,280: 2019 90 Bosnia and Herzegovina: 6,150: 2019 91 Ecuador: 6,080: 2019 92 South Africa: 6,040: 2019 93 North Macedonia: 5,910: 2019 94 Fiji: 5,860: 2019 95 Iraq: 5,740: 2019 96 Tuvalu: 5,620: 2019 97 Suriname: 5,540: 2019 98 Paraguay: 5,540: 2019 99 Iran: 5,420: 2017 100 Rep. Congo, Rep. Cote d'Ivoire; Equatorial Guinea; Eritrea; Eswatini; Ethiopia; Gabon; Gambia, The; Ghana; Guinea; Guinea-Bissau; Kenya; Les… The United States, with its 326.7 million people, tops the list with a disposable … Please update this article to reflect recent events or newly available information. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. 1,199,013 4.1 9 100 11,987 Tunisia: 10 25.9 63.5: 2017 est. Algeria, the largest country in Africa by land area, is located in the northern part of the continent. Apart from oil export tourism has played a major role is skyrocketing the economy of the country and do not f… 27,451 0.792 11 106 9,882 Eswatini (Swaziland) 6.5 45 48.6: 2017 est. GDP (PPP) per capita and total GDP estimate values are given in international dollars. Botswana. 87,067 The economy of Egypt depends on agriculture, tourism, natural gas, and petroleum, as well as revenues from the Suez Canal. Considered the richest African country in terms of GDP per capita, Equatorial Guinea maintains the GDP (PPP) per capita of … Seychelles is characterized as a highly developed country. The country has a population of over 40 million. Botswana is located in southern Africa. The cost of living in Namibia is relatively expensive. A large number of Egyptians also work abroad. Namibia can be found in Southern Africa. ALGERIA (GDP: $172.781 Billion) GDP: $172.781 Billion (nominal, 2019 est.) Another Arab nation, Algeria is located in … To date, unemployment rates remain high, especially among youth. The upper-middle-income group has per capita incomes between $4,038 and $12,475. The infiltration of terrorist groups and internal rebellions also serve to damage the country’s economic stability. The highest percentage composition of GDP from a sector of origin (agriculture, industry or services) is bolded. And even with the current political chaos and deteriorating security, the average monthly net salary after tax in Libya is $1,713.77, far better than all other African countries, even those with stability. As of November 2020, 77 countries and territories are classified by the World Bank as high-income countries. The unemployment rate in Namibia is also high, at around 27.4%. A low population of 1,475,000 and a high amount of oil revenue explains Gabon's position on the list of richest countries. The high-income group has the highest income globally, with a GNI per capita of at least $12,476. Bolivia. Agriculture, trade, and natural resources are the major components of the African economy. The remittances of these workers contribute to the wealth of the nation. However, the oil production in Gabon is declining and might soon run out. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. Low-Income Countries COVID-19 Pandemic in Developing Countries This conference is planned to open avenues of communication between the IMF and stakeholders in developing economies to better understand the impact of the crisis and also between low income countries and middle income emerging markets given that these country groups are facing increasingly similar challenges. The economy of Gabon centers around oil. It has a low level of foreign debt. Updated country income classifications for the World Bank’s 2020 fiscal year are available here. The country is relatively small, covering only around 10,830 square miles. Developed countries are usually classified as high-income countries. By Oishimaya Sen Nag on September 14 2020 in Society. The population of the country is approximately 1,222,245. List of African countries by GDP per capita. Highest Maternal Mortality Rates. Like Seychelles, the economy of Mauritius is also centered around tourism. Cairo is the capital of the country. Burkina Faso. Algeria is second to none in terms of the … Remittances to Sub-Saharan Africa grew almost 10 percent to $46 billion in 2018, supported by strong economic conditions in high-income economies. “Of the Africa’s 54 countries, 48 are in sub-Saharan Africa and six in North Africa; 26 are middle-income countries, 34 LdCs, one is a high-income country, 16 are land-locked developing countries and six are Small Island developing states.” Reads the report. However, it is also estimated that the disparity in income will deter the wealth distribution among the people of the continent. Some of the highest mortality rates in the world are all countries on the African continent. Again, it is important to note that income inequality is not taken into consideration when the per capita GDP is reported. The economy of Botswana grew very quickly. Sub-Saharan Africa (excluding high income) Angola; Benin; Botswana; Burkina Faso; Burundi; Cabo Verde; Cameroon; Central African Republic; Chad; Comoros; Congo, Dem. It ranks ninth on this list with a per capita GDP of $12,994. Gabon. The country's economy relies greatly on hydrocarbons (petroleum and natural gas). Capital: Algiers. Despite the certainty that it experiences a high incidence of corruption, Equatorial Guinea is one of the oil-rich African countries that have made good use of their mineral potentials. A Central African country, Gabon is located on the West African coast and is bordered by Equatorial Guinea, Cameroon, and the Republic of the Congo. Today, the per capita income in Tunisia is $11,987, Africa's 9th highest. Many goods that are consumed within the country are imported, which contributes to their high costs. Global Ranking: 53rd. It is made up of around 115 small islands. Egypt borders the Gaza Strip, Israel, Red Sea, Gulf of Aqaba, Sudan, and Libya. Although the per capita GDP is very high, it has been noted that many residents of Equatorial Guinea lack basic rights such as access to clean water. Per Capita – $4,229.78. On dividing all annual incomes and profits by the amount of the countrie's population, it will … The 1970s saw a period of unstructured growth for the economy of the country. The lower-middle-income nations have GNI per capita of $1,026 to $4,035.

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