List of Top 10 richest countries in Africa | Africa Facts

Updated: Apr 2, 2020

List of Top 10 richest countries in Africa | Africa Fact

Africa is a continent riddled with mineral-rich soils which contain some of the rarest precious gems, yet is home to some of the poorest countries in the world.

We hear so much about how poor Africa is and we hardly get to see articles that show the wealth of our beautiful continent.

We have consulted a few online sources and there seems to be an agreement with the top 10 list of richest countries in Africa.

In order of 10th richest to the richest:


10. Tunisia: GDP – $49.122 billion

Tunisia_10th richest countries in Africa
  • Tunisia is the smallest country located in the Northern Africa region

  • Tunisia borders the Mediterranean Sea, between Algeria and Libya.

  • Tunisia’s economic growth depends mainly on oil phosphates, agri-food, tourism, and car manufacturing parts.

  • Tunisia is the world’s fourth-largest olive oil producer.

  • The official language is Arabic.

  • The city is rich with history which dates back to the 12th century.

  • Tunisia experiences year-round beautiful weather and the standard of living is quite affordable, which is also a drawcard for attracting tourists.

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Libya_9th richest countries in Africa

9. Libya: GDP – $49.341 billion

  • The Libyan economy depends primarily upon revenues from the oil sector, which accounts for 80% of GDP and 97% of exports.

  • Libya provides all its citizens with free education.

  • Libyan citizens are given loans at a zero percent interest rate.

  • Apart from petroleum, the other natural resources are natural gas and gypsum.

  • Libya stretches along the northeast coast of Africa between Tunisia and Algeria on the west and

  • Much of the country lies within the Sahara. Along the Mediterranean coast and farther inland is arable plateau land.

  • Alcohol consumption is prohibited by law in Libya.

  • The currency of Libya is the Dinar (LYD)

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Angola Richest countries in Africa

8. Angola: GDP – $49.857 billion

  • The Democratic Republic of the Congo and the Republic of Congo are to the north and east, Zambia is to the east, and Namibia is to the south of Angola.

  • Angola has a large deposit of oil and gas resources, diamonds, and bountiful agricultural land (The country becomes a major supplier to China’s.)

  • Angola has made efforts to revive its economy with heavy oil and agricultural exports and local cities are undergoing major reconstruction to make Angola a top African destination.

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7. Kenya: GDP – $53.40 billion

  • Kenya is located in East Africa, on the equator.

  • Kenya borders Somalia to the east, Ethiopia to the north, Tanzania to the south, Uganda to the west, and Sudan to the northwest.

  • The capital of Kenya is Nairobi is a regional commercial hub.

  • Hydroelectricity is the largest contributor to Kenya’s electricity supply.

  • Kenya’s economy, by GDP, is the largest in Southeast and Central Africa.

  • Kenya traditionally exports tea and coffee and has more recently begun to export fresh flowers to Europe.

  • Compared to other African countries, Kenya enjoys relatively high political and social stability.

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Sudan_ 6th Rrichest countries in Africa

6. Sudan: GDP – $112.552 billion