Africa's Economic Landscape: Key Findings from the African Development Bank
Following the publication of the International Comparison Program's (ICP) revised 2017 and 2021 results on May 30, the African Development Bank (AfDB) has released the highlights of its conclusions on purchasing power parities (PPPs) for Africa.
Africa's Share of Global Economy and Population
Africa represents 5.4% of the global gross domestic product (GDP) in terms of purchasing power parity and 18.5% of the total global population.
GDP per Capita of 52 African Economies
The report also presents the GDP per capita of 52 economies on the continent.
Top 10 Richest African Countries by GDP-PPP per Capita
Here are the top 10 richest African countries, measured by GDP-PPP per capita:
- Seychelles: $29,711.9
- Mauritius: $22,246.1
- Gabon: $19,546.4
- Equatorial Guinea: $18,180.2
- Egypt: $17,158.4
- Botswana: $16,651.5
- South Africa: $14,222.7
- Algeria: $12,893.2
- Tunisia: $12,159.1
- Namibia: $10,705.2