Africa is an effective continent that has several countries in it. It is the abode of the black race and the most populous continent in the world. Africa is known as the “sleeping giant” because of the great potentiality and eventuality in her people. Being the second largest continent in the world with over 1.2 billion people, It is blessed with all kind of resources. Africa is talented and needs infrastructure to establish its talent and gain from it. Presently they have more to talk about their potentials. Africa reproduces every minute and the economic growth also increases every minute. Africa is the “food basket of the world”. They are so blessed with so much goodness. Africa is a place of adventure and tourism.
In the post, we will be looking at the top 5 African countries with the Biggest Economies and we shall also briefly discuss their economic growth;
- Nigeria (GDP$594.257billion) (Per capita$6,003)
Nigeria is known as the giant of Africa, in economy and occupants. Since 2014, Nigeria has been the richest country in term of Gross Domestic Product (GDP).
- South Africa(GDP$312.798billion) (Per capita-$13,200)
South Africa who was the topping richest country was defeated by Nigeria again. South Africa GDP was valued approximately at $312billion dollars. South Africa economy has struggled in the past which was witnessed in the mining industries.
- Egypt(GDP-$330.779billion) (Per capita-$11,800)
Egypt referred to as “the jewel of the Nile” was spotted at the third position. It’s normal (GDP) is evaluated at $330.779billion dollars. Egypt depends on its mineral resources.
- Algeria(GDP-$219.453billion) (Per capita-$14,717)
Algeria has been the zonal rival to Egypt. Their (GDP) is evaluated at $219.453billion. The country is blessed with some valuable minerals.
- Angola(GDP-$102.643billion) (Per capita-$7,300)
Angola has been in the news for political unrest and civil war a few years back. However, the war which took two and a half decades has finally being transformed to peace. Its (GDP) is valued at $102.643billion.Their activities are mining on diamonds, petroleum oil, and gas.