- Seychelles, Mauritius, and Libya maintained the top three spots as the richest African countries per capita in 2021.
- GNI represents the value of all goods and services produced by a country’s nationals anywhere in the world.
Gross national income GNI) is one of the most commonly used measures of a country’s economy. Often evaluated alongside gross domestic product (GDP), GNI represents the value of all goods and services produced by a country’s nationals anywhere in the world. GNP’s mathematical formula is determined using the formula:
[GNI = GDP + Money flowing from overseas – Money flowing to foreign countries]
Top 10 African countries with the highest GNI per capita according to World Bank’s latest Gross National Income per capita report
Countries use various measures to gauge their wealth. Below we outline the top 10 African countries based ontotal income earned by a nation’s people and businesses, including economic aid and investment income, regardless of where they earned it.
Seychelles – $28,050
In 2021, GNI per capita for Seychelles was $28,050. GNI per capita of Seychelles increased from $12,810 in 2002 to $28,050 in 2021, growing at an average annual rate of 4.32%.
Mauritius – 25,530
In 2021, GNI per capita for Mauritius was $25,530. GNI per capita of Mauritius increased from $9,720 in 2002 to $25,530 in 2021, growing at an average annual rate of 5.39%.
Libya – $23,550
In 2021, GNI per capita for Libya was $23,550. Though Libya GNI per capita fluctuated substantially in recent years, it tended to decrease through 2002 – 2021, ending at $23,550 in 2021.
Botswana – $16,650
In 2021, GNI per capita for Botswana was $16,650. GNI per capita of Botswana increased from $7,800 in 2002 to $16,650 in 2021, growing at an average annual rate of 4.26%.
Gabon – $14,560
In 2021, GNI per capita for Gabon was $14,560. Though Gabon GNI per capita fluctuated substantially in recent years, it tended to increase through 2002 – 2021, ending at $14,560 in 2021.
South Africa – $14,140
In 2021, GNI per capita for South Africa was $14,140. GNI per capita of South Africa increased from $8,950 in 2002 to $14,140 in 2021, growing at an average annual rate of 2.49%.
Equatorial Guinea – $13,520
In 2021, GNI per capita for Equatorial Guinea was $13,520. Though Equatorial Guinea GNI per capita fluctuated substantially in recent years, it tended to increase from 2002 – 2021, ending at $13,520 in 2021.
Egypt – $12,910
In 2021, GNI per capita for Egypt was $12,910. GNI per capita of Egypt increased from $6,140 in 2002 to $12,910 in 2021, growing at an average annual rate of 4.07%.
Algeria – $11,750
In 2021, GNI per capita for Algeria was $11,750. GNI per capita of Algeria increased from $8,920 in 2002 to $11,750 in 2021, growing at an average annual rate of 1.55%.
Tunisia – $11,270
In 2021, GNI per capita for Tunisia was $11,270. GNI per capita of Tunisia increased from $6,510 in 2002 to $11,270 in 2021, growing at an average annual rate of 3.01%.
Source: Businessinsider.com