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Top Countries In Africa For Business 2018 By GDP per capita

Business in Africa: Top Countries In Africa For Business By GDP per capita

top countries in africa

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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Bolarinwa Olajire

A tutor with a demonstrated history of working in the education industry. Skilled in analytical skills. Strong education professional with a M. SC focused in condensed matter. You can follow me on Twitter by clicking on the icon below to ask questions.

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