10 African countries with the highest GDP per capita

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Business Insider Africa understands that GDP per capita is calculated by dividing a country’s gross domestic product (GDP) by the total number of people that make up the country’s population.

Some economists and development experts argue that GDP per capita is more important than GDP itself, as it reflects the share of a country’s overall wealth that actually affects everyone in the country.

GDP per capita is also “an important indicator of economic performance and a useful unit for making cross-country comparisons of average living standards and economic well-being”, according to Focus Economics.

That said, this article will focus on the 10 African countries with the highest GDP per capita. Interestingly, Nigeria, which has the highest GDP in Africa as of December 31, 2021, is not among the top ten countries highlighted here.

Before proceeding, it is important to note that African countries generally have one of the lowest GDP per capita in the world, compared to countries like Luxembourg, Switzerland and Norway, where GDP per capita reaches respectively $137,950, $98,770 and $84,120.

The statistics available on GDP per capita for Africa are as of December 2021 and are provided by Statista, the global market and consumer data company based in Hamburg, Germany.

10 African countries with the highest GDP per capita

  1. Seychelles: At $9,670, this island nation currently has the highest GDP per capita in Africa.
  2. Mauritius: The second position is occupied by another African island country, Mauritius. This country has a GDP per capita of $9,640.
  3. Gabon: This oil-rich country comes third with a GDP per capita of $8,600.
  4. Equatorial Guinea: This country has a GDP per capita of $8,000.
  5. Botswana: This Southern African country has a GDP per capita of $7,820.
  6. South Africa: This country is one of the leading economies in Africa. And it has a GDP per capita of $5,440.
  7. Namibia: Namibia has a GDP per capita of $4,370, according to Statista.
  8. Egypt: It is one of only two North African countries to make the top 10, and it has a GDP per capita of $3,830.
  9. Eswatini: Formerly known as Swaziland, this southern African country has a GDP per capita of $3,710.
  10. Tunisia: Finally, we have Tunisia which has a GDP per capita of $3,680.
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