Non-communicable diseases (NCDs) are the second common cause of death in sub-Saharan Africa (SSA) accounting for about 35% of all deaths, after a composite of communicable, maternal, neonatal, and nutritional diseases. Namibia can be found in Southern Africa. Fishing and the processing of natural resources such as coconut also play an important role. The 1970s saw a period of unstructured growth for the economy of the country. The country that leads the list is Sierra Leone, an African nation, with a maternal mortality rate of 1,360 deaths per 100,000 births. It has been applauded for its free economy. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. By Oishimaya Sen Nag on September 14 2020 in Society. Despite the certainty that it experiences a high incidence of corruption, Equatorial Guinea is one of the oil-rich African countries that have made good use of their mineral potentials. Cabo Verde. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 ().Middle income countries are home to 75% of the world’s population and 62% of the … Gradual improvements in the South African economy have occurred since then. Algeria. It has a population of around 2.1 million, and a land area of around 224,610 square miles. It is considered to be a middle-income country. And even with the current political chaos and deteriorating security, the average monthly net salary after tax in Libya is $1,713.77, far better than all other African countries, even those with stability. Global Ranking: 53rd. Gabon. Algeria, the largest country in Africa by land area, is located in the northern part of … Bosnia and Herzegovina. Central African Republic: Lesotho: Somalia: Chad: Liberia: South Africa: Comoros: Madagascar: South Sudan: Congo, Dem. Before tourists began to visit the country, plantations used to drive the economy of Seychelles. Throughout its history, the country has been colonized by the Dutch, French, and British. Seychelles is also an island country in the Indian Ocean. However, similar information is lacking for low- and middle-income countries. The United States, with its 326.7 million people, tops the list with a disposable … Egypt is a transcontinental country with territories stretching from Africa’s northeast corner to Asia’s southwest corner across the Sinai Peninsula. In fact, approximately 62% of all maternal deaths worldwide occur there. Well, wonder no more. It has a low level of foreign debt. The economy of Botswana grew very quickly. Looking at remittances as a share of GDP, Comoros has the largest share, followed by the Gambia , Lesotho, Cabo Verde, Liberia, Zimbabwe, Senegal, Togo, Ghana, and Nigeria. However, in recent years, the economy has diversified. Algeria - $15,000. 2019 in this case). Tourism is one of the biggest contributors to the country's GDP. The country has a population of over 40 million. Have you ever wondered how intelligent your country is compared to other African countries? However, some of these countries have the fastest-growing economies. To date, unemployment rates remain high, especially among youth. It is made up of around 115 small islands. South Africa: 2.8 29.7 74.2: 2017 est. ALGERIA (GDP: $172.781 Billion) GDP: $172.781 Billion (nominal, 2019 est.) Mauritius is the third richest country in Africa with a GDP per capita of $21,628. Sub-Saharan Africa (excluding high income) Angola; Benin; Botswana; Burkina Faso; Burundi; Cabo Verde; Cameroon; Central African Republic; Chad; Comoros; Congo, Dem. In recent decades, the government has tried to come up with initiatives to reduce the dependence on tourism. Today, the per capita income in Tunisia is $11,987, Africa's 9th highest. Capital: Algiers. Again, it is important to note that income inequality is not taken into consideration when the per capita GDP is reported. “Of the Africa’s 54 countries, 48 are in sub-Saharan Africa and six in North Africa; 26 are middle-income countries, 34 LdCs, one is a high-income country, 16 are land-locked developing countries and six are Small Island developing states.” Reads the report. Although it has been suspected that Seychelles may harbor offshore oil reserves, to this date none have been found. A low population of 1,475,000 and a high amount of oil revenue explains Gabon's position on the list of richest countries. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. The high-income group has the highest income globally, with a GNI per capita of at least $12,476. A large number of Egyptians also work abroad. 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