Source | International Monetary Fund World Economic Outlook (October-2023) |
Date | 07 Mar 2024 |
Seychelles is the richest economy in Africa, followed by Mauritius and Gabon. Only two economies Seychelles and Mauritius would have per capita gdp above $10,000. Burundi is the poorest economy in Africa. Nineteen African economies have gdp per capita below $1000.
In 2023, Botswana will overtake Equatorial Guinea to become the 4th richest economy in Africa. Egypt will move down from 9th to 14th position. None of the African economies is in the list of the top 50 world gdp per capita ranking.
Out of 54 economies, gdp (nominal) per capita of 37 economies would increase, and 17 economies would decrease in 2023 compared to 2022. Mauritius will add $1,524 in 2023, followed by Seychelles ($907), Algeria ($568), São Tomé and Príncipe ($492), and Cabo Verde ($454). Equatorial Guinea ($-1,352), Gabon ($-939), Angola ($-888) and Egypt ($-817) are the top decliners,
In ppp data, Seychelles, Mauritius and Libya have gdp per capita of above 20 k Int. Dollars. Thirteen economies would have per capita gdp above Int. $10,000. Botswana and Gabon would overtake Equatorial Guinea to become the 4th and 5th richest economy in Africa, None of the African economies is in the list of the top 50 world gdp per capita ranking. Burundi is the poorest economy in Africa.
Out of 54 economies, gdp (ppp) per capita of 52 economies would increase, and two economies would decrease in 2023 compared to 2022. Libya will add Int. $3,278 in 2023, followed by Seychelles (Int. $2,750),and Mauritius (Int. $2,415). Equatorial Guinea and Sudan are the two decliners.
Country/Economy | GDP per capita ($) | % of | Rank | ||||
---|---|---|---|---|---|---|---|
2023 | 2024 | Change | Africa | World | Africa | World | |
Eritrea | 638 | 627 | -11 | 32 | 5.10 | 47 | 186 |
Algeria | 5,324 | 5,722 | 398 | 295 | 46.6 | 8 | 113 |
Angola | 2,566 | 2,432 | -134 | 125 | 19.8 | 19 | 149 |
Benin | 1,411 | 1,512 | 101 | 78 | 12.3 | 28 | 163 |
Botswana | 7,642 | 7,875 | 233 | 406 | 64.1 | 4 | 91 |
Burkina Faso | 871 | 910 | 39 | 47 | 7.41 | 40 | 179 |
Burundi | 325 | 230 | -95 | 12 | 1.87 | 54 | 195 |
Cabo Verde | 4,368 | 4,656 | 288 | 240 | 37.9 | 10 | 123 |
Cameroon | 1,711 | 1,815 | 104 | 93 | 14.8 | 26 | 160 |
Central African Republic | 514 | 538 | 24 | 28 | 4.38 | 50 | 189 |
Chad | 976 | 1,014 | 38 | 52 | 8.26 | 37 | 176 |
Comoros | 1,353 | 1,384 | 32 | 71 | 11.3 | 30 | 167 |
Democratic Republic of the Congo | 673 | 715 | 42 | 37 | 5.82 | 44 | 183 |
Republic of Congo | 2,350 | 2,457 | 107 | 127 | 20.0 | 18 | 147 |
Côte d'Ivoire | 2,572 | 2,717 | 145 | 140 | 22.1 | 17 | 142 |
Djibouti | 3,907 | 4,184 | 277 | 215 | 34.1 | 13 | 127 |
Egypt | 3,728 | 3,225 | -503 | 166 | 26.3 | 15 | 136 |
Equatorial Guinea | 6,660 | 6,733 | 74 | 347 | 54.8 | 6 | 101 |
Eswatini | 4,184 | 4,324 | 140 | 223 | 35.2 | 12 | 126 |
Ethiopia | 1,511 | 1,910 | 399 | 98 | 15.5 | 24 | 158 |
Gabon | 9,290 | 9,308 | 18 | 479 | 75.8 | 3 | 85 |
The Gambia | 893 | 989 | 96 | 51 | 8.05 | 38 | 177 |
Ghana | 2,318 | 2,230 | -88 | 115 | 18.2 | 21 | 152 |
Guinea | 1,529 | 1,651 | 121 | 85 | 13.4 | 27 | 161 |
Guinea-Bissau | 1,017 | 1,087 | 71 | 56 | 8.85 | 35 | 174 |
Kenya | 2,113 | 1,983 | -130 | 102 | 16.1 | 23 | 154 |
Lesotho | 1,052 | 1,107 | 55 | 57 | 9.01 | 34 | 173 |
Liberia | 808 | 855 | 47 | 44 | 6.96 | 42 | 181 |
Libya | 6,576 | 6,975 | 399 | 359 | 56.8 | 5 | 100 |
Madagascar | 529 | 538 | 9 | 28 | 4.38 | 49 | 188 |
Malawi | 578 | 481 | -97 | 25 | 3.91 | 52 | 192 |
Mali | 886 | 899 | 13 | 46 | 7.32 | 41 | 180 |
Mauritania | 2,380 | 2,347 | -33 | 121 | 19.1 | 20 | 150 |
Mauritius | 11,396 | 12,973 | 1,577 | 668 | 106 | 2 | 73 |
Morocco | 3,889 | 4,078 | 189 | 210 | 33.2 | 14 | 129 |
Mozambique | 630 | 659 | 29 | 34 | 5.37 | 46 | 185 |
Namibia | 4,665 | 4,745 | 81 | 244 | 38.6 | 9 | 121 |
Niger | 611 | 670 | 59 | 35 | 5.46 | 45 | 184 |
Nigeria | 1,688 | 1,110 | -578 | 57 | 9.04 | 33 | 172 |
Rwanda | 1,039 | 989 | -50 | 51 | 8.05 | 39 | 178 |
São Tomé and Príncipe | 2,828 | 3,167 | 339 | 163 | 25.8 | 16 | 138 |
Senegal | 1,729 | 1,900 | 170 | 98 | 15.5 | 25 | 159 |
Seychelles | 21,575 | 21,875 | 300 | 1,126 | 178 | 1 | 56 |
Sierra Leone | 461 | 527 | 66 | 27 | 4.29 | 51 | 190 |
Somalia | 728 | 776 | 48 | 40 | 6.32 | 43 | 182 |
South Africa | 6,138 | 5,975 | -163 | 308 | 48.6 | 7 | 111 |
South Sudan | 486 | 422 | -64 | 22 | 3.43 | 53 | 193 |
Sudan | 537 | 547 | 10 | 28 | 4.45 | 48 | 187 |
Tanzania | 1,254 | 1,220 | -34 | 63 | 9.93 | 31 | 170 |
Togo | 998 | 1,058 | 60 | 54 | 8.62 | 36 | 175 |
Tunisia | 4,192 | 4,435 | 243 | 228 | 36.1 | 11 | 125 |
Uganda | 1,139 | 1,202 | 63 | 62 | 9.78 | 32 | 171 |
Zambia | 1,381 | 1,413 | 32 | 73 | 11.5 | 29 | 165 |
Zimbabwe | 1,993 | 2,088 | 95 | 107 | 17.0 | 22 | 153 |
Africa | 2,023 | 1,942 | -81 | 14.75 |
Country/Economy | GDP per capita (Int. $) | % of | Rank | PPP/Nom | ||||
---|---|---|---|---|---|---|---|---|
2023 | 2024 | Change | Africa | World | Africa | World | ||
Eritrea | 1,921 | 1,807 | -114 | 32 | 9.66 | 47 | 187 | 2.883 |
Algeria | 15,718 | 16,483 | 765 | 251 | 88.1 | 8 | 105 | 2.881 |
Angola | 7,014 | 7,153 | 138 | 109 | 38.2 | 18 | 141 | 2.942 |
Benin | 4,315 | 4,558 | 243 | 69 | 24.4 | 25 | 157 | 3.014 |
Botswana | 19,260 | 20,097 | 837 | 306 | 107 | 4 | 88 | 2.552 |
Burkina Faso | 2,647 | 2,781 | 134 | 42 | 14.9 | 40 | 178 | 3.055 |
Burundi | 883 | 916 | 33 | 14 | 4.89 | 53 | 194 | 3.981 |
Cabo Verde | 9,721 | 10,304 | 584 | 157 | 55.1 | 14 | 129 | 2.213 |
Cameroon | 4,647 | 4,842 | 195 | 74 | 25.9 | 22 | 153 | 2.668 |
Central African Republic | 1,105 | 1,123 | 17 | 17 | 6.00 | 52 | 193 | 2.088 |
Chad | 2,557 | 2,620 | 63 | 40 | 14.0 | 42 | 181 | 2.583 |
Comoros | 3,456 | 3,532 | 76 | 54 | 18.9 | 30 | 166 | 2.551 |
Democratic Republic of the Congo | 1,495 | 1,552 | 58 | 24 | 8.29 | 51 | 192 | 2.172 |
Republic of Congo | 4,556 | 4,740 | 184 | 72 | 25.3 | 23 | 154 | 1.929 |
Côte d'Ivoire | 6,469 | 6,860 | 391 | 105 | 36.7 | 20 | 144 | 2.524 |
Djibouti | 7,157 | 7,707 | 550 | 118 | 41.2 | 15 | 136 | 1.842 |
Egypt | 17,038 | 17,614 | 576 | 269 | 94.1 | 7 | 98 | 5.462 |
Equatorial Guinea | 18,395 | 18,378 | -17 | 280 | 98.2 | 6 | 96 | 2.729 |
Eswatini | 12,027 | 12,637 | 610 | 193 | 67.5 | 11 | 116 | 2.923 |
Ethiopia | 3,754 | 4,019 | 266 | 61 | 21.5 | 28 | 161 | 2.104 |
Gabon | 18,862 | 19,452 | 591 | 297 | 104 | 5 | 92 | 2.090 |
The Gambia | 2,834 | 2,993 | 159 | 46 | 16.0 | 37 | 174 | 3.026 |
Ghana | 6,972 | 7,156 | 184 | 109 | 38.2 | 17 | 140 | 3.209 |
Guinea | 3,237 | 3,366 | 129 | 51 | 18.0 | 33 | 169 | 2.039 |
Guinea-Bissau | 3,076 | 3,239 | 163 | 49 | 17.3 | 35 | 171 | 2.978 |
Kenya | 6,603 | 6,976 | 373 | 106 | 37.3 | 19 | 142 | 3.518 |
Lesotho | 3,115 | 3,227 | 112 | 49 | 17.2 | 36 | 172 | 2.915 |
Liberia | 1,787 | 1,882 | 95 | 29 | 10.1 | 46 | 186 | 2.202 |
Libya | 24,196 | 26,456 | 2,260 | 403 | 141 | 3 | 73 | 3.793 |
Madagascar | 1,901 | 1,979 | 78 | 30 | 10.6 | 45 | 185 | 3.678 |
Malawi | 1,665 | 1,712 | 47 | 26 | 9.15 | 48 | 189 | 3.561 |
Mali | 2,630 | 2,714 | 84 | 41 | 14.5 | 41 | 179 | 3.020 |
Mauritania | 7,297 | 7,680 | 383 | 117 | 41.0 | 16 | 137 | 3.272 |
Mauritius | 29,882 | 32,094 | 2,212 | 489 | 171 | 2 | 65 | 2.474 |
Morocco | 10,460 | 10,947 | 486 | 167 | 58.5 | 13 | 125 | 2.685 |
Mozambique | 1,577 | 1,649 | 72 | 25 | 8.81 | 50 | 191 | 2.501 |
Namibia | 11,627 | 12,008 | 380 | 183 | 64.2 | 12 | 120 | 2.530 |
Niger | 1,536 | 1,675 | 138 | 26 | 8.95 | 49 | 190 | 2.499 |
Nigeria | 6,140 | 6,340 | 200 | 97 | 33.9 | 21 | 147 | 5.712 |
Rwanda | 3,156 | 3,367 | 211 | 51 | 18.0 | 32 | 168 | 3.406 |
São Tomé and Príncipe | 4,109 | 4,238 | 130 | 65 | 22.6 | 27 | 160 | 1.338 |
Senegal | 4,320 | 4,661 | 341 | 71 | 24.9 | 24 | 156 | 2.454 |
Seychelles | 41,180 | 43,151 | 1,971 | 658 | 231 | 1 | 54 | 1.973 |
Sierra Leone | 2,097 | 2,189 | 92 | 33 | 11.7 | 43 | 182 | 4.156 |
Somalia | 1,996 | 2,062 | 66 | 31 | 11.0 | 44 | 183 | 2.658 |
South Africa | 16,140 | 16,424 | 284 | 250 | 87.8 | 9 | 106 | 2.749 |
South Sudan | 433 | 455 | 22 | 7 | 2.43 | 54 | 195 | 1.079 |
Sudan | 3,601 | 3,443 | -158 | 52 | 18.4 | 31 | 167 | 6.298 |
Tanzania | 3,570 | 3,746 | 176 | 57 | 20.0 | 29 | 163 | 3.070 |
Togo | 2,764 | 2,911 | 146 | 44 | 15.6 | 39 | 177 | 2.750 |
Tunisia | 13,186 | 13,645 | 459 | 208 | 72.9 | 10 | 113 | 3.077 |
Uganda | 3,185 | 3,345 | 160 | 51 | 17.9 | 34 | 170 | 2.783 |
Zambia | 4,179 | 4,361 | 183 | 66 | 23.3 | 26 | 158 | 3.086 |
Zimbabwe | 2,870 | 2,975 | 105 | 45 | 15.9 | 38 | 175 | 1.425 |
Africa | 6,339 | 6,559 | 220 | 29.76 |