Africa's Richest Country by GDP

Africa’s Richest Country by GDP

Africa is a continent with immense economic potential. In recent years, several African countries have experienced strong economic growth, and Africa as a whole is projected to continue to grow at a rapid pace. One of Africa’s richest countries by GDP is Nigeria.

According to the Worldbank the country’s 2021 GDP per capita was $2,085.00, which noticeably from 2019’s $2500.00. The drop in GDP was of course due in part to the worldwide pandemic, before which, Nigeria’s economy was slowly recovering from the Great Recession.

Nigeria is Africa’s largest economy and is home to a population of over 190 million people. The Nigerian economy has been growing rapidly in recent years, and the country is now one of the world’s top 20 economies. Nigeria is rich in natural resources, including oil and gas, and has a rapidly growing manufacturing sector.

The country also has a large agricultural sector and is Africa’s largest producer of cocoa beans. Nigeria’s economy is expected to continue to grow rapidly in the coming years, making it an important player in the global economy.