These Are The Poorest And The Richest Countries In The African Continent

Published on 10/19/2020
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South Africa

The southernmost African country boasts 59.31 million inhabitants. The diverse country is considered the second wealthiest nation in the continent with its GDP of $371.27 billion and GDP per capita of $6,331. Its economy is primarily based on agriculture, tourism, mining, telecommunications, and automotive manufacturing. Sadly, the country still suffers from high unemployment and poverty despite everything. In fact, South Africa has one of the highest income inequality rates in the whole world.

South Africa

South Africa

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Zimbabwe

There was a time when Zimbabwe was known for its cotton and wheat crops. In the early 2000s, the economy of the country has gone down significantly. With a population of 14.86 million inhabitants and a GDP of $22.3 billion, the GDP per capita stands at $1,423. The Zimbabwean dollar has also suffered from hyperinflation. There was a time when 100 billion Zimbabwean dollars was equal to one US dollar. After trying to fix this mess, the country just abandoned it altogether in 2009. The country has since been using foreign currencies and reforming its economy. There is no guarantee that the government is going to succeed, but we hope that things improve soon!

Zimbabwe

Zimbabwe

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