Business in Africa: Top Countries In Africa For Business By GDP per capita
The GDP per capita PPP of each country in Africa will be used as a measure to determine the best countries to do business. It is generally acceptable that GDP growth rate is an important indicator of the economic performance of a country and the GDP per capita indicates how wealthy a nation is.
A country with good economic growth may not be wealthy if the population outweighs the economy growth rate and this will affect the GDP per capita of such nation. Therefore, countries with a good GDP per capita will be a good place for investors to do business.
According to investopedia, the gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy. And GDP per capital is the country’s gross domestic product divided by its total population.
List of countries in Africa for business 2018 according to their GDP per capita PPP (Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP)
The source of the data used: IMF data 2016 for Africa
Equatorial Guinea $38,700
South Africa $13,500
Republic of the Congo $6,800
Cape Verde $6,700
Côte d’Ivoire $3,600
São Tomé and Príncipe $3,300
Burkina Faso $1,800
South Sudan $1,700
The Gambia $1,700
Sierra Leone $1,700
Democratic Republic of the Congo $800
Central African Republic $700
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