Gross Domestic Product (GDP) per capita serves as a fundamental measure in economics, providing crucial insights into a nation’s economic health and the well-being of its population.
It facilitates comparisons of living standards, economic development, and wealth distribution within a country.
GDP per capita is derived by dividing a nation’s total GDP by its population, offering an average economic output per person. This metric enhances economic assessment beyond overall GDP, accounting for population size.
Across countries, and even within a continent, GDP per capita varies significantly. This diversity is evident in Africa, where resource abundance, both natural and human, intersects with developmental disparities.
Some nations experience high GDP per capita, like Seychelles and Mauritius, benefiting from thriving tourism and service sectors. This could stem from substantial GDP revenue against a controlled population or effective governance.
Conversely, Sub-Saharan African countries such as Chad and Central African Republic struggle with low GDP per capita due to factors like political instability, insufficient infrastructure, and limited access to education and healthcare.
Highlighted below are African countries with strong GDP per capita figures, reflecting the top ten performers.
This list is sourced from TradingEconomics, a data platform offering precise economic data for 196 nations, including historical records and projections for over 20 million economic indicators, currency rates, stock market indices, government bond yields, and commodity prices.
The provided figures represent GDP per capita as of December 2022.
