Simplifying Economic matters — African Edition

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The Richest Countries in Africa

Esther Adegunle
4 min readSep 29, 2023

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Economist: Hello, dear Brilliant Citizen

Brilliant Citizen: Hi, my Economist. You said you were working on something the last time. What is it?

Economist: It is kicking off, right about now! So, I remember you plan to “japa”. Have you considered going to an African country?

Brilliant Citizen: Ha, that’s not the prayer “ooo”. The prayer is Canada, UK or the USA. Please, I do not want any African country!

Economist: Why do you say that? You don’t think there are rich and attractive countries in Africa.

Brilliant Citizen: Is Nigeria not the giant of Africa? What can any other African countries give me? Please let me focus.

Economist: You cannot judge other African countries based on your experience in Nigeria.

Brilliant Citizen: I hear you. Can you prove to me that there are better countries in this continent?

Economist: Ok, let’s look at the data.

Brilliant Citizen: I am ready, let us review it. I remember when you shared on GDP or was it GDP per capita

https://esthermoyin.medium.com/nigeria-the-giant-of-africa-the-needs-of-a-giant-8bd0065fb8b2

Economist: Great! Today, we will use GDP per capita to assess some of the richest countries in Africa.

Let us look at the three countries with the highest GDP per capita in Africa:

Seychelles, Mauritius and Gabon.

Brilliant Citizen: I know Gabon, is that not where the most recent coup in Africa took place?

Economist: Yes, you are correct. Indeed, the last coup in the continent was in Gabon.

Brilliant Citizen: Ok, I won’t be travelling there. I don’t know the other two countries — Seychelles and Mauritius? I have not heard about them.

Economist: After today, you will know them.

Gabon — Produces crude oil and refines 55% of its domestic consumption. The country is diversifying to agriculture and tourism. It has great wildlife reserves and national parks. With a population of 2.3 million, its GDP per capita is estimated at $8,820 making it the third richest country in Africa.

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Esther Adegunle
Esther Adegunle

Written by Esther Adegunle

Esther is an economist, international development consultant, NGO founder and author. She is focused on promoting inclusive and sustainable development.

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