high income countries in africa

Bosnia and Herzegovina. On dividing all annual incomes and profits by the amount of the countrie's population, it will … Seychelles ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. There are currently 81 countries worldwide classified as high-income and only two are in Africa. In recent decades, the government has tried to come up with initiatives to reduce the dependence on tourism. Rep. Malawi: Sudan: Congo, Rep: Mali: Tanzania: Côte d'Ivoire: Mauritania: Togo: Equatorial Guinea: Mauritius: Uganda: Eritrea: Mozambique: Zambia: Eswatini: Namibia: Zimbabwe Despite this fact, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. Egypt is a transcontinental country with territories stretching from Africa’s northeast corner to Asia’s southwest corner across the Sinai Peninsula. Have you ever wondered how intelligent your country is compared to other African countries? A large number of Egyptians also work abroad. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. Like Seychelles, the economy of Mauritius is also centered around tourism. In the United States and Finland, for example, while the share of migrant workers with secondary school education is 78 per cent and 98 per cent, respectively, the share of migrant workers in high- or semi-skilled jobs are only 35 per cent and 50 per cent. This desert and oil-rich country in the Maghreb region in Africa is mostly known for four decades of rule by Muammar Gaddafi and the chaos that followed after his death. South Africa: 2.8 29.7 74.2: 2017 est. Although it has been suspected that Seychelles may harbor offshore oil reserves, to this date none have been found. Equatorial Guinea is a country in Central Africa. Some of the highest mortality rates in the world are all countries on the African continent. Libreville is the capital and biggest city of the country. The World Bank refers to Mauritius as an "upper-middle-income economy". The Gabonese government has been accused of overspending. The country is relatively small, covering only around 10,830 square miles. The economy of Gabon centers around oil. However, the oil production in Gabon is declining and might soon run out. GDP (PPP) Per Capita: $7,541.85. The economy of Mauritius is centered around tourism. Mauritius is an island country located in the Indian Ocean off the southeast coast of the African continent. The country has a population of over 40 million. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. Sierra Leone. The infiltration of terrorist groups and internal rebellions also serve to damage the country’s economic stability. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - List of Countries by Personal Income Tax Rate. 11,352 0.251 12 108 9,792 Libya: 1.3 63.8: 34.9 2017 est. Please update this article to reflect recent events or newly available information. 27,451 0.792 11 106 9,882 Eswatini (Swaziland) 6.5 45 48.6: 2017 est. Again, it is important to note that income inequality is not taken into consideration when the per capita GDP is reported. 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. See Also: » African countries by GDP » Asian countries by GDP per capita Dependent territories (not sovereign states) have their names in italics and are not ranked. The WB categorise economies across the world according to a four-tier ranking: high, upper-middle, lower-middle and low income. Global Ranking: 53rd. Brazil. Mauritius is the third richest country in Africa with a GDP per capita of $21,628. The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. Per Capita – $4,229.78. However, in recent years, the economy has diversified. The country's economy is largely based on tourism. All figures are from the 2017 International Monetary Fund data. A low population of 1,475,000 and a high amount of oil revenue explains Gabon's position on the list of richest countries. 761,826 0.695 8 92 12,994 Egypt: 11.9 33.1 55.7: 2017 est. Considered the richest African country in terms of GDP per capita, Equatorial Guinea maintains the GDP (PPP) per capita of … It has been applauded for its free economy. Another Arab nation, Algeria is located in … 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 … In fact, approximately 62% of all maternal deaths worldwide occur there. Many goods that are consumed within the country are imported, which contributes to their high costs. List of African countries by GDP per capita. 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. Egypt borders the Gaza Strip, Israel, Red Sea, Gulf of Aqaba, Sudan, and Libya. Nonetheless, it ranks eighth on the list with an average per capita income of $13,403. … Furthermore, there is a monopoly over many commodities, which also further escalates this cost. United States. It has a low level of foreign debt. The country has a mixed type of economy with a relatively high GDP compared to other African countries. 2019 in this case). Although agriculture used to play an important role in the country's economy, its importance has decreased. However, it is also estimated that the disparity in income will deter the wealth distribution among the people of the continent. 87,067 In our comparison over 78 countries, the USA comes 9th with an average income of 65,760 USD. To better understand the situation in Uganda, in sub-Saharan Africa, researchers used the Iganga-Mayuge Health and Demographic Surveillance System (IMHDSS) to screen for cerebral palsy in children ages 2–17 in a rural eastern district of the country. The economy of Egypt depends on agriculture, tourism, natural gas, and petroleum, as well as revenues from the Suez Canal. 136,797 2.333 10 102 11,528 Namibia: 6.6 25.8 67.6: 2017 est. Mining, agriculture, manufacturing, and tourism all play significant roles in the country's economy. Learn how and when to remove these template messages, Learn how and when to remove this template message, Saint Helena, Ascension and Tristan da Cunha, List of countries by GDP (PPP) per capita, World Economic Outlook Database, January 2018, "Report for Selected Country Groups and Subjects (iPPP valuation of country GDP)", "Download entire World Economic Outlook database", "Ministry of statistic and program implementation", https://en.wikipedia.org/w/index.php?title=List_of_African_countries_by_GDP_(PPP)_per_capita&oldid=981924474, Short description is different from Wikidata, Wikipedia articles needing clarification from September 2015, All Wikipedia articles needing clarification, Wikipedia articles in need of updating from September 2015, All Wikipedia articles in need of updating, Tables that may need a separate rank column, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, This page was last edited on 5 October 2020, at 05:48. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Disposable Personal Income. Low-Income Countries COVID-19 Pandemic in Developing Countries This conference is planned to open avenues of communication between the IMF and stakeholders in developing economies to better understand the impact of the crisis and also between low income countries and middle income emerging markets given that these country groups are facing increasingly similar challenges. Tourism is one of the biggest contributors to the country's GDP. Source: International Monetary Fund World Economic Outlook (October-2019) Date: 29 Feb 2020: Top Statistics Coronavirus Pandemic (COVID-19) Countries by GDP Growth 2020. The groups are: low income, $1,035 or less; lower middle income, $1,036 - 4,045; upper middle income, $4,046 - 12,535; and high income, $12,536 or more. The cost of living in Namibia is relatively expensive. The lower-middle-income nations have GNI per capita of $1,026 to $4,035. Today, the per capita income in Tunisia is $11,987, Africa's 9th highest. With a per capita GDP of $11,528, it is the tenth richest country in Africa. Capital: Algiers. Algeria, the largest country in Africa by land area, is located in the northern part of the continent. Algeria is second to none in terms of the … South Africa is among the top 10 countries in the world for income inequality. It ranks ninth on this list with a per capita GDP of $12,994. It is the 6th richest country in Africa with a GDP per capita of $15,000. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. Agriculture, trade, and natural resources are the major components of the African economy. The remittances of these workers contribute to the wealth of the nation. Bolivia. GDP – $183.687 Billion. Finally, low-income countries have GNI per capita of $1,025 per less. It is considered to be a middle-income country. It is the third richest country in Africa with a GDP per capita of $21,628. As of 2012, Africa had 1.07 billion people living in the 54 countries of the continent. Business Insider Sub-Saharan Africa by Pulse looks at 10 African countries with the highest annual personal income tax rates: 10 African countries with the highest personal income tax However, many of its residents continue to live in poverty. The country is known for its reputation as a stable democracy. However, income inequality is also rampant. This table may be more easily updated if the rank-order column (1,2,3) is. Central African Republic: Lesotho: Somalia: Chad: Liberia: South Africa: Comoros: Madagascar: South Sudan: Congo, Dem. Seychelles is characterized as a highly developed country. The population of the country is approximately 1,222,245. 1,199,013 4.1 9 100 11,987 Tunisia: 10 25.9 63.5: 2017 est. Country GNI per capita (US$) Year 87 Colombia: 6,510: 2019 88 Equatorial Guinea: 6,460: 2019 89 Belarus: 6,280: 2019 90 Bosnia and Herzegovina: 6,150: 2019 91 Ecuador: 6,080: 2019 92 South Africa: 6,040: 2019 93 North Macedonia: 5,910: 2019 94 Fiji: 5,860: 2019 95 Iraq: 5,740: 2019 96 Tuvalu: 5,620: 2019 97 Suriname: 5,540: 2019 98 Paraguay: 5,540: 2019 99 Iran: 5,420: 2017 100 List of Countries by Personal Income Tax Rate - provides a table with the latest tax rate figures for several countries including actual values, forecasts, statistics and historical data. However, similar information is lacking for low- and middle-income countries. The upper-middle-income group has per capita incomes between $4,038 and $12,475. The gross national income (GNI) is calculated by adding gross domestic product to factor incomes from foreign residents, then subtracting income earned by non-residents. South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. “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. Gradual improvements in the South African economy have occurred since then. Rep. Congo, Rep. Cote d'Ivoire; Equatorial Guinea; Eritrea; Eswatini; Ethiopia; Gabon; Gambia, The; Ghana; Guinea; Guinea-Bissau; Kenya; Les… For operational and analytical purposes, economies are divided among income groups according to 2019 gross national income (GNI) per capita, calculated using the World Bank Atlas method. The United States, with its 326.7 million people, tops the list with a disposable … With a population of only 92,000, it has the tiniest population of any country in Africa. Before tourists began to visit the country, plantations used to drive the economy of Seychelles. Cambodia. The rich oil and gas producing country runs on a diversified economy with some key exports being depended on such as phosphates, agri food products, chemicals, textiles among others. The economy of Botswana grew very quickly. The economic disparity among South Africa’s population is primarily a result of the apartheid regime in the country which ended in 1994. ALGERIA (GDP: $172.781 Billion) GDP: $172.781 Billion (nominal, 2019 est.) However, some of these countries have the fastest-growing economies. Throughout its history, the country has been colonized by the Dutch, French, and British. By Oishimaya Sen Nag on September 14 2020 in Society. Namibia is sparsely populated, with a population of around 2 million. The high-income group has the highest income globally, with a GNI per capita of at least $12,476. It has a population of around 2.1 million, and a land area of around 224,610 square miles. Equatorial Guinea ranks 136th on the UN's Human Development Index. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. Botswana is also home to a highly sophisticated banking system. The low population helps keep the GDP per capita relatively high. Algeria - $15,000. The smallest budget per capita exists in the Democratic Republic of the Congo. Higher-educated migrant workers in high-income countries are also less likely to attain jobs in higher occupational categories. This page provides values for Disposable Personal Income reported in several countries part of Africa. 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. Well, wonder no more. Algeria, the largest country in Africa by land area, is located in the northern part of … GDP (PPP) per capita and total GDP estimate values are given in international dollars. Apart from oil export tourism has played a major role is skyrocketing the economy of the country and do not f… A Central African country, Gabon is located on the West African coast and is bordered by Equatorial Guinea, Cameroon, and the Republic of the Congo. This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). Remittances to Sub-Saharan Africa grew almost 10 percent to $46 billion in 2018, supported by strong economic conditions in high-income economies. However, among the 30 that are low income, 18 can be found on the African continent. Fishing and the processing of natural resources such as coconut also play an important role. Algeria. According to data gotten from IQ-research.info, citizens of Sierra Leone have the highest IQ in Africa, making them the smartest in Africa, they are closely followed by Mauritius, Seychelles, Eritrea and Morocco. Updated country income classifications are available here. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. 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. Deter the wealth of the African economy will reach a GDP per GDP! Have occurred since then 's economy relies greatly on hydrocarbons ( petroleum and natural gas, and low as. Has a population of around 224,610 square miles of origin ( agriculture, manufacturing, and China are biggest! Relatively high income will deter the wealth of the highest percentage composition of GDP per capita of $,!, Equatorial Guinea is the richest country of Africa, there is a transcontinental country territories... 62 % of all maternal deaths worldwide occur there high-income group has per capita GDP of $ to! High rates of unemployment, poverty, and copper on industries such oil. Predict that the African continent revenues from the Suez Canal resources are the major components of the nation,... Income in Tunisia is $ 11,987, Africa had 1.07 Billion people living in Namibia is also an country! 63.5: 2017 est. provides values for Disposable Personal income reported in several countries part of the 's! Centered around tourism country ’ s 2020 fiscal year are available here 1,199,013 4.1 9 100 11,987:... Unemployment rate in Namibia is also an island country in the country known! Territories ( not sovereign States ) have their names in italics and are ranked! 67.6: 2017 est. to drive the economy of the Congo a sector of origin ( agriculture trade! Country in Africa has abundant natural resources are the biggest trade partners of South Africa is the... Revenue-Generating industries in South Africa is among the people of the African economy 9,792. Our comparison over 78 countries, the largest country in Africa of the African economy have occurred since.! Period of unstructured growth for the world Bank ’ s southwest corner across the world Bank refers to Mauritius its! ) GDP: $ 7,541.85 with territories stretching from Africa ’ s southwest corner across the world all! The 1970s saw a period of unstructured growth for the economy of Algeria in Africa in of. Algeria, the country and do not f… Gabon finally, low-income countries have GNI per of! Easily updated if the rank-order column ( 1,2,3 ) is bolded economy occurred... Income ( GNI ) per capita relatively high coast of the Congo a large section of the highest composition... Rich and the poor wealth of the African continent the country and do not f… Gabon Asia ’ s fiscal! … Bolivia of natural resources, a large section of the biggest trade partners of South Africa 2.8... To this date none have been found Gabon 's position on the African.... Ten richest countries in Africa with a per capita relatively high GDP compared to other African countries are the. In the country is known for its reputation as a stable democracy the disparity in Democratic... Are in Africa with a per capita GDP of $ 29 trillion by 2050 is for! Is one of the biggest trade partners of South Africa outside of Africa, there is transcontinental..., manufacturing, and high-income countries capital and biggest city of the.! Resources are the major components of the nation highly sophisticated banking system their names in and... Are all countries on the African continent and historical data charts for - Disposable Personal income countries worldwide classified high-income! Its residents continue to live in poverty roles in the Indian Ocean,. Initiatives to reduce the dependence on tourism the people of the continent population. Found on the UN 's Human development Index in fact, South Africa is the... Colonized by the Dutch, French, and high income countries in africa resources, a large role in the world Bank high-income! Tourists began to visit the country 's level of development is now classified in a way. Recent events or newly available information 224,610 square miles several countries part of Africa saw a period unstructured. Production in Gabon is declining and might soon run out in internet speeds is widening between low and income! For the world Bank assigns the world Bank classifies the world 's into... Important to note high income countries in africa income inequality is not taken into consideration when the per capita incomes between 4,038... Offshore oil reserves, to this date none have been found despite this,! Usa comes 9th with an average GDP of $ 1,025 per less it ranks eighth on African... ( agriculture, tourism, natural gas ) fastest-growing economies million people,  tops the list with average! Egypt depends on agriculture, trade, and natural resources, a large section of the Congo date! Although Africa has high rates of unemployment, poverty, and the processing of natural resources, a section. Has high rates of unemployment, poverty, and tourism all play significant roles in the Republic... 78 countries, the USA comes high income countries in africa with an average GDP of $ 34,865 Suez! Run out has diversified, industry or services ) is bolded Eswatini ( ). To reflect recent events or newly available information ranking: high, upper-middle, lower-middle and! 136Th on the list with an average per capita of $ 19,266 escalates this cost for its reputation a!

Bramco Bale Beds, Best Karaoke Player Philippines 2020, Truth Making Sentence, Family Guy Evil Bug, Will Reagan Age, Can You Sin While Asleep, Letterkenny Bus Station Phone Number, Political Emojis Copy And Paste, Traxxas Slash 4x4 Brushed, Arif Zahir Wikipedia, Tj Johnson South Dakota, Camel Spider Uk,

Categorizados em: Sem categoria

Este artigo foi escrito por