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Top 10 African countries with the highest Gross National Income Per Capita

July 21st 2022, 8:06:39 pm
  • 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]

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Countries use various measures to gauge their wealth. Below we outline the top 10 African countries based on total 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.

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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

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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%.

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Source: Nairametrics

Victor Oluwole
Head and Editor at Business Insider Africa

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