Top Countries In Africa For Business 2018 By GDP per capita
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
Seychelles $28,000
Mauritius $20,500
Gabon $19,300
Botswana $16,900
Algeria $15,000
Libya $14,200
South Africa $13,500
Egypt $12,100
Namibia $11,800
Tunisia $11,700
Swaziland $9,800
Morocco $8,400
Angola $6,800
Republic of the Congo $6,800
Cape Verde $6,700
Nigeria $5,900
Sudan $4,500
Ghana $4,400
Mauritania $4,400
Zambia $3,900
Côte d’Ivoire $3,600
Djibouti $3,400
Kenya $3,400
Cameroon $3,300
São Tomé and Príncipe $3,300
Lesotho $3,100
Tanzania $3,100
Senegal $2,600
Chad $2,600
Mali $2,300
Benin $2,200
Uganda $2,100
Rwanda $1,900
Ethiopia $1,900
Burkina Faso $1,800
South Sudan $1,700
Zimbabwe $1,700
The Gambia $1,700
Sierra Leone $1,700
Guinea-Bissau $1,600
Comoros $1,500
Togo $1,500
Madagascar $1,500
Guinea $1,300
Eritrea $1,300
Mozambique $1,200
Niger $1,100
Malawi $1,100
Liberia $900
Burundi $800
Democratic Republic of the Congo $800
Central African Republic $700
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