As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

South Africa concentrated the largest amount of private wealth in Africa as of 2021, some 651 billion U.S. dollars. Egypt, Nigeria, Morocco, and Kenya followed, establishing the five wealthier markets in the continent. The wealth value referred to assets, such as cash, properties, and business interests, held by individuals living in each country, with liabilities discounted. Overall, Africa counted in the same year approximately 136,000 high net worth individuals (HNWIs), each with net assets of one million U.S. dollars or more.

 COVID-19 and wealth constraints  

Africa held 2.1 trillion U.S. dollars of total private wealth in 2021. The amount slightly increased in comparison to the previous year, when the coronavirus (COVID-19) pandemic led to job losses, drops in salaries, and the closure of many local businesses. However, compared to 2011, total private wealth in Africa declined 4.5 percent, constrained by poor performances in Angola, Egypt, and Nigeria. By 2031, however, the private wealth is expected to rise nearly 40 percent in the continent.

 The richest in Africa 

Besides 125 thousand millionaires, Africa counted 6,700 multimillionaires and 305 centimillionaires as of December 2021. Furthermore, there were 21 billionaires in the African continent, each with a wealth of one billion U.S. dollars and more. The richest person in Africa is the Nigerian Aliko Dangote. The billionaire is the founder and chairman of Dangote Cement, the largest cement producer on the whole continent. He also owns salt and sugar manufacturing companies.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Seychelles' GDP per capita amounted to 22,000 U.S. dollars in 2025, the highest in East Africa. Mauritius ranked second, with a GDP per capita worth around 13,000 U.S. dollars. Burundi, on the other hand, had the lowest average income per person, at about 160 U.S. dollars.

Mauritius concentrated the highest private wealth per capita in Africa in 2021: ****** U.S. dollars. South Africa followed, with a wealth amount of ****** U.S. dollars per capital. Overall, total private wealth on the continent amounted to *** trillion U.S. dollars that year.

This dataset provides values for GOLD RESERVES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

The particularities of agriculture, as a sector which ensures food supply, result from many factors, including the multilateral interaction between the environment and human activity. The extent of human intervention in the food production process is usually measured with the amount of capital expenditure. Therefore, the food production potential and the resulting food security depend on both natural and economic factors. This paper identifies the current status of food security in different countries around the world, considering both aspects (physical and economic availability) combined together. The variables published by FAO were used together with a variable estimated based on the author’s own methodology to identify 8 groups of countries characterized by economic development level, net trade in agricultural products, and selected variables related to agriculture and food situation. As shown by this study, the degree to which food security is ensured with domestic supply varies strongly across the globe. Domestic production provides a foundation for food security in wealthy countries, usually located in areas with favorable conditions for agriculture (including North America, Australia, New Zealand, Kazakhstan) and in countries which, though characterized by a relatively small area of arable land per capita, demonstrate high production intensity (mainly European countries). International trade largely contributes to food security in Middle East and North African countries as well as in selected South American countries which are net importers of food products. The most problematic food situation continues to affect Sub-Saharan Africa and Central Asia.

South Africa was home to the highest number of millionaires in Africa as of 2023. The country had ****** high net worth individuals (HNWIs), corresponding to roughly ********* of the total number of millionaires on the continent. Second, in rank, Egypt counted ****** HNWIs. According to the source, approximately ******* HNWIs lived in Africa, each with *** million U.S. dollars or more net assets, excluding government funds. The wealth value refers to assets such as cash, properties, and business interests held by individuals living in a country with fewer liabilities. The rich in Africa Compared to 2020, the number of African millionaires increased by nearly **** percent. This means that ****** people joined the group of individuals with minimum net assets of *** million U.S. dollars. The number of centi- and multimillionaires has increased as well. In 2022, the Nigerian Aliko Dangote held the title of the wealthiest person in Africa. Founder and chairman of Dangote Cement, the largest cement producer in the whole African continent, the billionaire also owns salt and sugar manufacturing companies. His net worth is estimated at nearly ** billion U.S. dollars. Trillions of U.S. dollars in riches Total private wealth in Africa amounted to *** trillion U.S. dollars in 2021, a slight increase from 2020. That year, the coronavirus (COVID-19) pandemic had led to job losses, drops in salaries, and the closure of many local businesses. Compared to other African countries, South Africa concentrated the largest private wealth. Egypt, Nigeria, Morocco, and Kenya completed the leading wealth markets. The five nations accounted for over ** percent of Africa’s total wealth in 2021.

This dataset provides values for CORRUPTION RANK reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Seychelles recorded the highest Gross National Income (GNI) per capita in Africa as of 2023, at 16,940 U.S. dollars. The African island was, therefore, the only high-income country on the continent, according to the source's classification. Mauritius, Gabon, Botswana, Libya, South Africa, Equatorial Guinea, Algeria, and Namibia were defined as upper-middle-income economies, those with a GNI per capita between 4,516 U.S. dollars and 14,005 U.S. dollars. On the opposite, 20 African countries recorded a GNI per capita below 1,145 U.S. dollars, being thus classified as low-income economies. Among them, Burundi presented the lowest income per capita, some 230 U.S. dollars. Poverty and population growth in Africa Despite a few countries being in the high income and upper-middle countries classification, Africa had a significant number of people living under extreme poverty. However, this number is expected to decline gradually in the upcoming years, with experts forecasting that this number will decrease to almost 400 million individuals by 2030 from nearly 430 million in 2023, despite the continent currently having the highest population growth rate globally. African economic growth and prosperity In recent years, Africa showed significant growth in various industries, such as natural gas production, clean energy generation, and services exports. Furthermore, it is forecast that the GDP growth rate would reach 4.5 percent by 2027, keeping the overall positive trend of economic growth in the continent.

The average for 2023 based on 11 countries was 41 metric tons. The highest value was in Morocco: 275 metric tons and the lowest value was in Algeria: 0 metric tons. The indicator is available from 2002 to 2023. Below is a chart for all countries where data are available.

Background: Around 80% of the African population lives in urban areas, and a rapid urbanization is observed in almost all countries. Urban poverty has been linked to several sexual and reproductive health risks, including high levels of unintended pregnancies. We aim to investigate wealth inequalities in demand for family planning satisfied with modern methods (mDFPS) among women living in urban areas from African countries.Methods: We used data from 43 national health surveys carried out since 2010 to assess wealth inequalities in mDFPS. mDFPS and the share of modern contraceptive use were stratified by groups of household wealth. We also assessed the ecological relationship between the proportion of urban population living in informal settlements and both mDFPS and inequalities in coverage.Results: mDFPS among urban women ranged from 27% (95% CI: 23–31%) in Chad to 87% (95% CI: 84–89%) in Eswatini. We found significant inequalities in mDFPS with lower coverage among the poorest women in most countries. In North Africa, inequalities in mDFPS were identified only in Sudan, where coverage ranged between 7% (95% CI: 3–15%) among the poorest and 52% (95% CI: 49–56%) among the wealthiest. The largest gap in the Eastern and Southern African was found in Angola; 6% (95% CI: 3–11%) among the poorest and 46% (95% CI: 41–51%) among the wealthiest. In West and Central Africa, large gaps were found for almost all countries, especially in Central African Republic, where mDFPS was 11% (95% CI: 7–18%) among the poorest and 47% (95% CI: 41–53%) among the wealthiest. Inequalities by type of method were also observed for urban poor, with an overall pattern of lower use of long-acting and permanent methods. Our ecological analyses showed that the higher the proportion of the population living in informal settlements, the lower the mDFPS and the higher the inequalities.Conclusion: Our results rise the need for more focus on the urban-poorer women by public policies and programs. Future interventions developed by national governments and international organizations should consider the interconnection between urbanization, poverty, and reproductive health.

This statistic shows gross domestic product (GDP) of the MENA countries in 2024. The MENA region in North Africa and the Middle East comprises the countries Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, and Yemen. In 2024, the GDP of Saudi Arabia amounted to approximately 1.085 trillion U.S. dollars.

About the Project

Natural Resource-led Development in New Producing Countries

Our project seeks to understand how natural resource extraction can drive inclusive economic growth in new producing countries. We are engaged in a multiyear multidisciplinary study with four objectives:

• Understand the human geography of new producing countries.
• Assess the magnitude of new discoveries and estimate direct fiscal impact.
• Understand how industry can be localized to create economic growth.
• Estimate spillovers and welfare impacts to society.

We recognize that policymaking in new producing countries is a complex process, and our project also seeks to understand the interactions of actors' interests that drive energy sector policies.

Our initial focus is on four countries – Kenya, Mozambique, Tanzania and Uganda – that expect to develop significant oil and gas reserves in the next 5-7 years. Through natural resource development, these countries hope to achieve middle-income economic status by 2030-2040. This project is conducted through close collaboration with leading think tanks and NGOs in Africa.

Key Points

Policymakers in new resource-rich Eastern African countries are eager to promote industrialization and economic development by encouraging international oil and gas companies (IOCs) to use local suppliers. However, policymakers usually lack information on the local firms’ abilities and typically depend on studies by the IOCs to assess these capabilities. Such studies are useful and necessary but they usually only address the needs of the IOCs. By considering the capacity of local firms to learn and innovate, vital information is gathered which can then be used to enhance the design of local content policies. It also raises the prospects for the creation of a more sustainable local supplier base.

The assessment of the capabilities of local firms could be improved by introducing the constructs of absorptive capacity and innovation. This would give policymakers a dynamic, instead of static, view of the local industry.

Providing policymakers with a better understanding of the local firms’ potential and ability to learn and grow will allow them to come up with more varied options in the design of local content policies and potentially provide more suppliers for industry.

A wider perspective of the local firms’ capabilities also contributes to the linking of local content policies to the overarching objective of expanding the local economy.

The average for 2022 based on 53 countries was 554.77 million short tons. The highest value was in South Africa: 10905.15 million short tons and the lowest value was in Angola: 0 million short tons. The indicator is available from 2008 to 2023. Below is a chart for all countries where data are available.

South Africa's GDP amounted to just over 418 billion U.S. dollars in 2025, the highest in Southern Africa. Zimbabwe ranked second, with a GDP worth around 37 billion U.S. dollars. Lesotho, on the other hand, ranked the lowest with a GDP of over 2.4 billion U.S. dollars.

Characteristics of the study population with hypertension among reproductive-age women in five Sub-Saharan African countries.

As of January 2023, Aliko Dangote was the richest man in Africa. He had a net worth of around 13.5 billion U.S. dollars and ranked 128th worldwide. From Nigeria, he is the founder and chairman of the Dangote Group, a large conglomerate operating in several sectors including cement and sugar. The South African Johann Rupert and family followed as the second-richest people in Africa, with a net worth of 10.7 billion U.S. dollars.

Dangote Group continues to expand

Founded in 1981, the Dangote Group (Dangote Industries Limited) is among the largest conglomerates in Africa. Its main subsidiary, Dangote Cement Plc, is the main cement manufacturer on the African continent. The business went public in 2010 and is the largest company listed on the Nigerian Stock Exchange. In addition to the cement industry, the Group also manufactures and processes food products, such as sugar, flour, and salt. With Nigeria being the leading African country for oil production, Dangote expanded his business into the oil industry in recent years. For this purpose, the Group built Africa’s biggest oil refinery near Lagos, Nigeria.

Africa’s wealthiest countries

Wealth in Africa is concentrated in a few countries and, within those, in a few families. Counting the highest numbers of billionaires, South Africa, Egypt, and Nigeria are the wealthiest nations, having also the largest gross domestic products (GDPs) in Africa. These countries count the highest number of high-net-worth individuals (HNWIs), which amounts to over 39,000 in South Africa. Not surprisingly, Johannesburg and Cape Town have the highest concentration of private wealth in Africa. Moreover, South Africa has the highest wealth per capita after Mauritius.