*FORBES AFRICA 2018*

*10 BIGGEST ECONOMIES OF AFRICA 2018*
(​Rated in US$ Billions​)
1. Nigeria :$172
2. South Africa :$166.735
3. Egypt :$78
4. Algeria :$66
5. Lybia :$65
6. Botswana :$22.675
7. Ghana :$20.458
8. Morroco :$18
9. Ivory Coast :$11
10. Madagascar :$6.766

*TOP 5 POOREST AFRICAN COUNTRIES 2018*
1. Zimbabwe (Empty
state coffers)
2. D.R.C
3. Somalia
4. Eritrea
5. Rwanda

*TOP 3 RISING ECONOMIES OF AFRICAN*
1. Nigeria
2. Egypt
3. Botswana

*TOP 5 AFRICAN COUNTRIES WITH MOST BILLIONARES 2018*
1. South Africa
2. Nigeria
3. Ghana
4. Egypt
5. Lybia
*NB:* Zimbabwe rumoured to have the highest number of unlisted billionaires.

*TOP 5 AFRICAN COUNTRIES WITH THE HIGHEST CRIME RATE*
1. South Africa (unsurpassed)
2. Nigeria
3. D.R.C
4. Rwanda
5. Ethiopia

*TOP 5 AFRICAN COUNTRIES WITH MOST OF ITS CITIZENS LIVING OUTSIDE THE COUNTRY*
(​Rated in Millions​)
1. Zimbabwe : 3.6
2. Nigeria : 2
3. Somalia : 1.6
4. Mozambique : 1.456
5. Malawi : 1.245

*TOP 5 AFRICAN COUNTRIES WITH THE BEST LITERACY RATE*
1. Zimbabwe (European standards)
2. Nigeria
3. Ghana
4. Gambia
5. Egypt

*TOP 5 AFRICAN COUNTRIES WITH THE MOST H.I.V/AIDS CASES 2018*
(​In % out of 100 )
1. South Africa :25%
2. Botswana :17.7%
3. Ghana :12%
4. Nigeria :6.6%
5. Zimbabwe :4.2%

*TOP 5 MOST CORRUPTED COUNTRIES IN AFRICA*
1.Zimbabwe (unparalleled)
2. South Africa
3. Malawi
4. Nigeria
5. Kenya

*TOP 3 AFRICAN COUNTRIES WITH A POTENTIAL OF BEING THE WORLD'S BEST ECONOMIES.*
(Based on the availability of natural resources)
1. Zimbabwe
2. D.R.C
3. South Africa

( copied)

Just as Pluto is the largest planet but has no living creatures

Nigeria is in everything and everything is I Nigeria

naija nomitated in all categories. bring all d awards home ASAP.

Recession was just a wave that was destined to come and the issues is will we counter it? Yes, yes we did, Buhari did.

Imagine recession coming under Jonathief and his cabal of looters; we'll all be finished.

Imagine Buhair coming before recession, in fact, God won't use that to punish us for we have a benevolent leader.

I ask God before the 2015 election that if he truly loves Nigeria and Nigerians He should give us Buhari, and He did rightly. Since then i have been living a sacrificial life cuz of the answer prayers.

Also Nigeria is the country with the largest number of desperately poor people in the whole damn world. Don't forget.

Ok

fake news

Forget the rating, people are hungry ,no food to chop ,no job.

zombies will say buhari did this one.


but it was Jonathan. under Jonathan nigeria surpassed S.Africa. as Africa'S Biggest economy. funny enough apc zombies wer sad.



the only achievement old muhamadu have under his belt, is walking 800m in daura



zombies kiss the truth

@OP, some details

20 BIGGEST ECONOMIES OF AFRICA 2018 - GDP and FOREIGN RESERVE (​Rated in US$ Billions​)


20. Equatorial Guinea
GDP: $26.147 Billion
Foreign Exchange Reserve: $2 Billion
EQ
10.aeccafe.com
While Equatorial Guinea has a relatively small population, it has broken bounds on oil reserves and is currently one of the largest producers of oil in Africa. Even as rich as oil has made the country, its citizens still suffer as a result of inequality in the distribution of resources, while the very corrupt leaders enjoy all the benefit there is.

19. Gabon
GDP: $20.664 Billion
Foreign Exchange Reserve: $1 Billion
Gabon
panoramio.com
With the declining state of oil production in Gabon, it is still one of the highest producers of oil in sub-Saharan Africa. Over the last forty years, the country has been quite dependent on oil to sustain its economy. But more recently, it is trying to diversify and branch out into many other areas so as to have a diversified economy.

18. Zambia
GDP: $22.416 Billion
Foreign Exchange Reserve: $2 Billion

Top 20 richest African countries
Because of the sharp decline of Zambia’s agricultural produce in 2013, there has been a great reduction in the country’s real GDP by 6.5 percent. Apart from agriculture which is a key sector that generates good revenue for the government, it’s Copper accounts for 70% of Zambia’s revenue from exports. Currently, Zambia stands at the Eighteenth position on the list of Largest Economies in Africa with an estimated GDP of $22.416 Billion.


17. Uganda
GDP: $23.053 Billion
Foreign Exchange Reserve: $3 Billion
Top 20 richest African countries
Top 20 richest African countries
Uganda most certainly has come a long way from its economic turmoil. It is on record that the 2009/10 fiscal year of Uganda was declared with the poverty rate of 24.5% but this figure reduced to 22.2% in the 2012/13 fiscal year. As at then, GDP growth was estimated at 5.2 percent in the same period. This was mainly achieved through stringent fiscal discipline and proper management of the country’s resources by the government. Botswana is rich in diamond but also in strong farming, tourism and financial servicing.Currently, Uganda’s GDP is valued at $23.053 billion.

16. Cameroon
GDP: $48.14 Billion
Foreign Exchange Rate: $2.89 Billion
cameroon
Top 20 richest African countries
The economy of Cameroon has come a long way from what it used to be, even though the people are still largely farmers, the country’s natural resources are being put to very good use in improving the lives of the citizens. The southern rainforest has vast timber reserves, estimated to cover 37% of Cameroon’s total land area.

15. Ivory Coast
GDP: $32 Billion
Foreign Exchange Reserve: $4.6 Billion

Top 20 richest African countries
As a result of the significant infrastructural (edit) projects, Ivory Coast saw an 8.8 percent growth rate in 2013. Meanwhile, the country’s economy is driven by some of the key sectors. Based on the forecast, the growth rate of Ivory Coast is likely to stand at 9% due to the country’s economic futures which are considered bright and auspicious. Currently, the overall GDP of Ivory Coast stands at $32 billion.

14. The Democratic Republic of Congo
GDP: $30.8 Billion
Foreign Exchange Rate: $5.239 Million
Vue de Sozacom, Kinshasa, 2004.
lareference.cd
The economy of the Republic of the Congo is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services, and a government spending, characterized by budget problems and overstaffing. Petroleum has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. Nowadays the country is increasingly converting natural gas to electricity rather than burning it, greatly improving energy prospects.

13. Tanzania
GDP: $36.6 Billion
Foreign Exchange Rate: $4.174 Billion
Top 20 richest African countries
The United Republic of Tanzania is the second largest economy in the East African Community and the twelfth largest in Africa. The country is largely dependent on agriculture for employment, accounting for about half of the employed workforce. Even though Tanzanian is a rich country, an estimated 34 percent of Tanzanians currently live in poverty. The economy has been transitioning from a command economy to a market economy since 1985. Although total GDP has increased since these reforms began, GDP per capita dropped sharply at first, and only exceeded the pre-transition figure in around 2007.

12. Tunisia
GDP: $45.611 billion
Foreign Exchange Reserve: $5.699 Billion
Top 20 richest African countries
The Tunisian economy is diverse and market-oriented with a significant foundation in mining, manufacturing and tourism. The latest 2012 figures for Tunisia’s GDP stands at $104.4 billion coming from a growth rate of 2.7%. Agriculture contributes 8.9% while industry and services contribute both 29.6% and 61.5% respectively.

11. Ghana
GDP: $50 Billion
Foreign Exchange Reserve: $7.308 Billion
Top 20 richest African countries
Ghana’s growing economy is largely achieved through years of sound management, positively competitive business environment, and sustained reductions in poverty levels. Ghana’s economy is built on a diverse and rich resource base, not only relying on natural resources (Gold, cocoa, timber, bauxite and more recently, crude oil) which it has in abundance but on other sectors like services which accounts for 50% of GDP.

10. Ethiopia
GDP: $51 Billion
Foreign Exchange Reserve: $3.147 Billion
Top 20 richest African countries
Ethiopia is among the non-oil producing African countries with the fastest growing economies and has managed to sustain a high single digit annual growth rate since 2004 and is estimated to expand by 11.3 percent in the 2012/13 budget year.
Agriculture contributes to almost half of Ethiopia’s GDP and offers about 85% of all employment in the country. Ethiopia’s GDP stood at $103.1 billion as at 2012. The government has invested in ways to privatize and restructure her policies which are beginning to attract foreign investments in the country. However, it’s GDP has dropped a lot to $51 billion considering previous years.

9. Kenya
GDP: $53.40 Billion
Foreign Exchange Reserve: $9.698 Billion
Top 20 richest African countries
The capital, Nairobi, is a regional commercial hub. The economy of Kenya is the largest by GDP in Southeast and Central Africa. Agriculture is a major employer; the country traditionally exports tea and coffee and has more recently begun to export fresh flowers to Europe. The service industry is also a major economic driver. Kenya is a member of the East African Community. Compared to other African countries, Kenya enjoys relatively high political and social stability.

8. Sudan
GDP: $63 billion
Foreign Exchange Reserve: $504.9 Million
Top 20 richest African countries
More than once, we have mentioned oil and gas as the main source of income for countries on this list. Sudan also falls into that category but in a more diverse way. It depends on oil but with a third of its GDP contributed by agriculture. Cotton and peanuts constitute its major agricultural exports. You may not notice a “Made in Sudan” tag on the shirt you buy in Khartoum but cotton from Sudan has fueled the textile industry in many parts of the world.

7. Libya
GDP: $76.52 Billion
Foreign Exchange Reserve: $69.35 Billion
Top 20 richest African countries
Libya is largely dependent on its oil reserve and petroleum products for most of its revenue and just about 20% of all of Libya’s GDP comes from the service and construction sectors. The small number of population with a large amount of revenue from oil suggests the reason Libya has been described as an “Upper Middle Economy” by the world bank. Since 2000, Libya has recorded favourable growth rates with an estimated 10.6% growth of GDP in 2010 and 76.3% in 2012 after plummeting in 2011.

6. Morocco
GDP: $114.7 Billion
Foreign Exchange Reserve: $22.97 Billion
Top 20 richest African countries
Morocco’s GDP (PPP) stands at $168.9 billion, making it the 6th among the richest countries in Africa. Morocco is largely dependent on agriculture and its proximity to Europe is part of what is influencing Morocco’s market and economy which it has capitalized on to build a diverse, open market-oriented economy. Apart from phosphorus for which the country is the world’s third-largest producer, there are also revenues coming from tourism, textiles, apparel and overall, Morocco is the second richest non-oil-producing country in Africa after Egypt.

5. Angola
GDP: $129.785 billion
Foreign Exchange Reserve: $23.63 Billion
Top 20 richest African countries
Angola is fifth among the richest countries in Africa with a GDP of $129.785 billion. The country enjoys an extensive reserve of oil and gas resources, hydroelectric power, diamonds, and rich agricultural land but still remains a fairly weak economy. Part of the reason is not far from poor management of resources and extreme corruption. According to Transparency International, Angola is rated Angola among the 10 most corrupt countries in Africa and 157 out of 174 countries rated. Being the second largest producer of crude oil in Africa following Nigeria, oil production contributes a very large percentage of foreign exchange.

4. Algeria
GDP: $219.453 billion
Foreign Exchange Reserve: $114.653 Billion
Top 20 richest African countries
Located in northern Africa, Algeria is the 4th largest economy among the wealthiest African countries with the most recent GDP figure standing at $219.453 billion. Algeria is a country where the government practically exerts a lot of control on most infrastructures. Crude oil contributes the most revenues and foreign currency for Algeria accounting for some 60% of budget revenues, up to 30% of GDP, and more than 95% of export earnings.

3. Egypt
GDP: $275.748 Billion
Foreign Exchange Reserve: $38.210 Billion
Top 20 richest African countries
Egypt has enjoyed quite a stable economy and continuous growth since the past quarter-century averaging 4%–5%, however, the lack of transparency and freedom has not allowed growth to get to the expected levels. There is still no doubt that Egypt is among the richest countries in Africa with a well-developed energy sector that is based on coal, oil, natural gas, and hydropower.

2. South Africa
GDP: $341.216 billion
Foreign Exchange Reserve: $50.501 Billion
Top 20 richest African countries
South Africa is the second richest country in Africa and one of the fastest developing nation in the world. It is endowed with lots of natural resources including gold, diamond, platinum to name a few. It is classified as a middle emerging market and unlike most other countries in Africa that depend on a single source for revenue, South Africa is diversified. The country’s stock exchange is rated the 18th Largest in the world.

1. Nigeria
GDP: $594.257 Billion
Foreign Exchange Reserve: $40.560 Billion
Top 20 richest African countries
Nigeria comes first among the richest countries in Africa with the most recent GDP figures standing at $594.257 billion. The 160-million people Nigerian market is seen as one of Africa’s largest market but this is more of a consumer market that practically buys more than it sells. Crude oil accounts for more than 85% of all foreign exchange and revenue generation by the giant country hence, is tied to fluctuations in the price of crude. The government has not made strong effort to diversify the economy to some other sectors like services and industries

https://www.google.com.ng/amp/s/answersafrica.com/richest-countries-in-africa.html/amp


Top 10 Richest Countries in Africa - 2014
ADMINISTRATOR
5 FEB 2015

South Africa GDP: $595.7 billion

Egypt GDP: $551.4 billion

Nigeria GDP: $478.5 billion.

Algeria GDP: $284.7 billion

Morocco GDP: $180 billion

Angola GDP: $131.8 billion

Ethiopia GDP: $118.2 billion

Tunisia GDP: $108.4 billion

Ghana GDP: $90.41 billion

Sudan GDP: $89.97 billion

https://www.google.com.ng/amp/venturesafrica.com/top-10-richest-countries-in-africa/amp/

Largest doesn't always translate to the best. Example is Nigeria. Largest only means there is more activities/money circulation. When u consider that the Nigerian economy supports 200 million people but SA supports less than 60 million then the quality of the economies becomes clear.

Some giant are giants because they have cancerous growth and fibroids while some big persons are perfectly health. You choose which is better.

Facts
1. Nigeria has the largest economy in Africa... World Bank, IMF
2. Nigeria has the highest number of people living in extreme poverty on earth... World data labs, Brookings Institute.


Questions:
1. India's GDP is about 2 trillion, while Sweden's is about 500 million. Is India richer than Sweden?

2. Given the facts stated above, is Nigeria the wealthiest country in Africa, or are we amongst the poorest nations in the world? You decide

Opinion:
Did Buhari cause the poverty? No. All past leaders from Yakubu Gowon have failed us in one way or another.

Is poverty going to increase or even accelerate? Most likely. Our people are not educated enough to make sound political decisions.
For example, how can Mughalu, a professor in economic development, former CBN director, and Tuft lecturer, put himself forward for leadership when all we care about is that he is Igbo? Such thinking would keep poverty rising for a few more years. I am not Igbo because I know that's what you are thinking now.

https://worldpoverty.io
Search Nigeria
https://worldpoverty.io/about/index.php?language=en

https://www.google.com.ng/amp/s/www.brookings.edu/blog/future-development/2018/06/19/the-start-of-a-new-poverty-narrative/amp/

Nigeria is a compelling paradox- living in poverty in the midst of plenty

Nigeria became Africa's largest economy in 2013 under GEJ with a GDP of $590billion.
Nigeria remains Africa's largest economy but its GDP has reduced to $473billion

youngest85:
Just as Pluto is the largest planet but has no living creatures

just because you are not prospering, doesn't mean, Nigerians are not.
E.g.Nigeria is poor yet hundreds of containers and tankers are lining up to gain access to the port to takes goods brought from Abroad
Note:Please change your mentality

Thanks to Buhari and his team.

Sai Baba, Nigerians celebrate you at this moment.

youngest85:
Just as Pluto is the largest planet but has no living creatures

Pluto?

Largest planet? How?

After south Africa recession what do they expecct

[quote author=Auladimeji post=70912666][/quote] person nor fit drink tea put koko down, for nairaland


zombies go dey quote am .

Auladimeji:
just because you are not prospering, doesn't mean, Nigerians are not.
E.g.Nigeria is poor yet hundreds of containers and tankers are lining up to gain access to the port to takes goods brought from Abroad
Note:Please change your mentality

Nigeria current has 150 million people living below 5 dollars a day and that's poor and only 8 percent earning 60k and above a month ... if I use any standard to value your household I can assure you that you will fall under one of the poverty brackets ....should we try ?

Please fellow Nigerians help them they need our help. Read this: https://www.nairaland.com/4714959/moved-tears-when-saw#70913284