Wealth of African Countries Ranked According to GDP 2023!
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- čas přidán 7. 12. 2022
- #africa
RICHEST AFRICAN COUNTRIES BY GDP.
The distribution of Africa’s wealth across the various countries constituting this continent varies widely due to several factors such as:
Availability of raw materials;
Level of industrialization;
Population (i.e., labor force) ;
Touristic Attractions;
Technological innovations.
Here, we are going to classify all African countries according to their Gross Domestic Product (GDP) from the wealthiest to the poorest as well as a measure of their Purchasing Power Parity with their GDP (GDP (PPP)) in descending order from the poorest to the richest country.
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Use wikipedia for the latest results anyway thanks for the information
I'm Nigeria - American I hope Nigeria will be the leading country in Africa in everything ❤🙏🏿
NIgeria is already leading and there is no stopping them anytime soon.
Buy what are they doing to prosper the whole country???
@@geoffreyntaiya5059 2023 Will be a good year for Nigeria Nigerians
@@geoffreyntaiya5059 correct your spellings.
Nigeria the Giant of AFRICA by far !! All a long I thought South Africa was bigger than Egypt's
South africa was but it got bad
@@AM-mu2kv South Africa was always bad since its creation.
Egypt overtook South
Egypt overtook SA
God bless Nigeria 🇳🇬
Naija is more than 510.6 billions dollars..now.. and is about to be 1 trillion dollars economy.. Grant of Africa 🌍
Its is 514 billion now
@@moabimaloka7831 more than
@@moabimaloka7831 its $504Bn according to the IMF, stop looking at Wikipedia.
Wikipedia is showing the latest figures just because IMF is controlled by the western world you believe in it
@@bfddefswagsweggwesgf it's $594 billion
Kenya💪💯
God bless Nigeria 🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬
ALGERIA ✨
How about do a ranking based on Gdp ppp ...this one is based on nominal gdp
Father God bless Ethiopia, Africa and our world Amen.
Seeing my country at the top gives me joy GOD bless Africa and GOD bless Nigeria 🇳🇬 my beloved country
it a good video but there is not much information about ethiopia and i hope you do some research make a new video with more information we can need your help // b/c we live under ruff system , thanks
Defineitely
Next do gdp per capita
Look at it this way. Country A has a nominal GDP of $10million and population of say 5000 the PPP will be $2000. While country B has a GDP of $200million with a population of 500000 the PPP will be $400. This tell us that hypothetically country A has a population with higher purchasing power. However, Country A can not undertake a project of $15Million simply because it can't afford it. On the other hand Country B can embark on a project of $25Million since it has more money and the population to absorb the products. This explains the economic successes of China and India. The economy of large scale production.
We will start exporting electricity and more soon
Mauritius enjoys the highest PCI in Africa being US$26000 PP/ PA, second is South Africa @ US$15000 PP/PA
Latest GDP figures for top 3 countries in Africa according to wikipedia
1Nigeria nominal GDP $514,076 billion
PPP $1,116 trillion
2 Egypt nominal GDP $469,094 billion
PPP $1,662 trillion
3 South Africa nominal GDP $435,550 billion
PPP $1,250 trillion
Having big economy is nothing, cap verd has small economy than r.congo.but cape verdear lives better than congolease
True!
Please the number 10 and 9 how, 81b and 77b who's 1st and who's 2nd. Ghana and Tanzania 🤔
South Africa is ranked 2nd in the latest testitic
Come to Nigeria 🇳🇬 instead
So dumb, you start with things that gives you an increase in wealth then you rank countries based on nominal GDP instead per capita, thus not wealth but populatoin number is the main driver.
So countries with population can came at bottom if they have a very low number of people.
God bless Eritrea
What source are you using to gather these countries Nominal GDP? IMF? World Bank? UN? With the latter two being unreliable than the former.
IMF has Nigeria at $504Bn as of 2022, Egypt as $469Bn and South Africa $411Bn.
How 8 Ethiopian 122B vs 7 kenya 114 B ??
First comment
Hope you enjoyed the content.
😂 ey im late
@@thembinkosibuthelezi1276 bro
@@TheNewTourist yes bro keep it up
❤❤❤@@TheNewTourist
In Tanzania tourism ranks first, mining second and agriculture third, do some research to give correct information.
THIS GBD THING IS NOT TRUE MEASURE OF A COUNTRIES WEALTH.IF NIGERIA DEPENDS ON OIL FOR MORE THAN HALF OF ITS REVENUE WHAT WILL WILL THEY DO WHEN THE WORLD GOES GREEN?ALSO MEASURING WEALTH. IN TERMS OF POPULATION CAN MEAN MANY POOR PEOPLE CONTRIBUTING SOMETHING THAT IS NOT REFLECTED ON INDIVIDUA l PERSON.
This list is wrong
How so?
I thought south africas gdp was 700 billion
Nigeria's dependency on oil is a big issue. Over 90% is big trouble?
It would be if that was true but it’s not; it’s only around a quarter.
Oil makes up around only about 25% of Nigeria's GDP, even if it makes up a whole lot of the foreign exchange earnings. Other sectors make up the 75% of that GDP. The diversifying efforts over the years is already waking up other sources of forex, continued effort at diversifying means the forex from non oil will only keep growing. This also shows the huge potential of the Nigerian economy if the right steps kept going strong. Some people didn't even realize that the GDP is not mostly from oil. Lots of work still needs to be done to keep improving. Not just Nigeria, all of Africa. Some countries have greater diversified economy with most earnings from non oil but still low general GDP. Africa is a work in progress, more effort is needed
@@agass2576 Nigerian economy is already diversified not everyone has a stake in the oil, gas, and energy sector. The only thing that needs diversifying the the government revenue that heavily relies on sales of crude oil.
@@bfddefswagsweggwesgf Yes, we are saying the same thing in a way. Just making some people out there to realize that oil doesn't account for huge part of Nigeria's GDP, it only account for for high part of government earning, not the GDP of Nigeria. This is one fact most analyst fail to highlight to the public when talking about it
Mispronunciation of so many Countries here and why ?????
Not gonna lie, having 90% of foreign exchange, and 80% government revenue depending on Oil and Petroleum Exports like Nigeria is not a recipe for success, especially with all countries globally moving away from Oil and Petroleum faster and faster with every passing year. The Nigerian economy, as long as it remains almost completely dependent on Oil and Petroleum products, is just a disaster waiting to happen.
But you know Nigeria economy has been diversifying.
Yes...they no longer rely only on oil and gas.The technological advancement in Ngeria is quite amazing
What do you suggest? Make money from what you have and diversify is exactly what Nigeria is currently doing. The country should harness whatever gives it the advantage. Mind you this is real wealth. The world can not move away from oil for the next couple of centuries. Most people have the myopic view of oil as meaning petrol. Without the petrochemical industry, that encompasses a whole world of other products; the world will have to revert to the stone age.
Nigeria is fast diversifying in many sectors, it's the largest agric producer in Africa and amongst highest in the world. It also manufacturer ships, boats, helicopters, armoured fighting tank vehicles and regular vehicles vehicles (with most parts now made in Nigeria)
Your country should focus on oil industry too.. Nigeria is fast less relying on Crude oil anyways
Do a video of gdp depending on green energy.
1. Kenya $100.9B.
45. Nigeria $64.87B
No body is interested in mud massai economy
@@jidebolarinwa697 it seem like most of the African don't like nigerian☺
@@divya9951 Just like how europeans and america don't like china, when you are the largest economy people will envy
Lol you looking for a way to console yourself, the Nigeria agric sector alone is bigger than kenya economy.. don't forget that the Nigeria economy is bigger than all East African countries economy put together
@@divya9951 the white people tell them to hate on their only bog brother on the continent, Nigeria economy is about 30% of sub Sahara economy
🇦🇴🇦🇴🇦🇴