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TOP 10 RICHEST AFRICAN COUNTRIES 2021/ Cost of living.
Top 10 Richest African Countries 2021/cost of living.

Welcome back to another exciting video presented to you by Emstine TV and thanks for watching, In this video we shall be taking you around the beautiful continent of Africa showing you the Top 10 richest countries on the Continent. Africa is the second largest continent in the world after Asia with a population of about 1.3 billion people scarttered amongst its 55 sovereign countries, Though the continent is home to some of the poorest countries in the world, there are however countries in Africa that stand out and can compete with countries in the west. Over the years there has been a significant increase in the Gross Domestic products of most African countries mainly due to improvement in the Agriculture, Service and Tourism Industries however the GDP of a country is not the only determining factor of how rich or poor a country is, Nigeria for example has the highest GDP on the Continent but many Nigerians live on less a Dollar a day. The per capita income be it nominal or Purchasing power parity(PPP) is the most important factor to determine the riches of a country. So this video we shall look at country with the highest Nominal GDP per capita because the higher the per capita income of a country, the higher the standard of living and overall wellbeing. The per capita income of a country can be gotten by dividing the Population of a country by the country by its GDP.
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Though the richest countries in the world might not be in Africa, Africa however has its own fair share of rich countries, so without further delay and going by the Nominal GDP per capita, and foreign exchange reserves, FER here are the Top 10 Richest Countries in Africa in 2021.
10. Ethiopia – Nominal GDP Per Capita – $51Billion
9.Kenya_GDP per Capita -$54.40Billion
8.Sudan_GDP per Capita-$63BiIlion
7.Lybia_GDP per Capita-$76.52Billion
6.Morocco_GDP per Capita-$114.7Billion
5.Angola_GDP per Capita-$129.785Billion
4.Algeria_GDP per Capita-$219.453Billion
3.Egypt_GDP per Capita-$275.748Billion
2.South Africa_GDP per Capita-$341.216Billion
1.Nigeria_GDP per Capita-$594,257Billion

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TOP 10 RICHEST AFRICAN COUNTRIES 2021/ Cost of living.


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