IMF

The Countries With the Highest GDP per Capita in Africa

With a GDP per capita of $21,580 in 2023, the Seychelles is Africa's most prosperous nation, based on this indicator. Highly dependent on tourism, the archipelago's economy remains highly vulnerable to global disruptions affecting the sector, as was the case during the 2008-2009 recession and the Covid pandemic (when GDP fell by almost 8 percent in 2009 and 2020).

Data from the IMF shows that in second and third place are Mauritius and Gabon, with a GDP per capita of between $9,000 and $11,000 last year. South Africa ranks sixth, with a GDP per capita of $6,140, behind Botswana ($7,640), Equatorial Guinea ($6,660) and Libya ($6,580). In half of these countries (Gabon, Equatorial Guinea, Libya), the economy remains highly dependent on oil revenues.

Although economists use GDP per capita to compare the level of prosperity of populations worldwide, it does not take into account the income inequalities that can exist within a country. Based on the Gini index, for example, some African countries are among the most unequal on the planet in terms of wealth redistribution.

Description

This chart shows the African countries with the highest GDP per capita in 2023.

Download Chart
Share of economic sectors in GDP in the Seychelles 2022
Premium statistics
GDP comparison between South and North Korea 2004-2023
Premium statistics
Brazil: Gross Domestic Product (GDP) growth rate 2018-2024
Real GDP growth in Africa 2024, by country
U.S. real GDP growth by quarter Q2 2013- Q2 2024
Premium statistics
Quarterly gross domestic product (GDP) growth rate in China Q2 2021-Q2 2024

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

Statista Content & Design

Need infographics, animated videos, presentations, data research or social media charts?

More Information