TOP 10 RICHEST COUNTRIES IN AFRICA BY GDP 2020/21 - LARGEST ECONOMIES
Top 10 richest countries in Africa by GDP.
Largest African economies 2020
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Nominal GDP measures a country’sgross domestic product using current prices, without adjusting forinflation. Contrast this with real GDP, which measures a country’s economic output adjusted for the impact of inflation. While the two indices measure the same output, they are used for very different purposes: changes in value versus changes in volume.
Deeper definition
GDP is the core measure of a country’s economic health, totaling the monetary value of all goods and services produced in a given time period, minus the value of the goods and services used up in production. Businesses large and small rely on GDP for major planning decisions. For investors, GDP is a guide for estimating profit margins and making financial decisions. Economists use it to understand the economy and make forecasts.
Nominal GDP
Nominal economic statistics, also called current-dollar statistics, are not adjusted to account for the price changes from inflation and deflation. The natural rise and fall (mostly rise) of prices is captured by nominal GDP, which tracks the gradual increase of the value of an economy over time. If overall gross domestic product rises 2 percent in a year and inflation runs at 2 percent over the same period, nominal GDP will be +4 percent for that year.
Nominal GDP is the preferred figure for comparing GDP to other variables that also don’t adjust for inflation. For example, debt is always calculated and expressed as a nominal figure, so debt-to-GDP ratios are always based on nominal GDP. Because inflation is baked into nominal GDP figures, it can give an inaccurate view of growth.
source : Bankrate.com
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How rich is Africa [2021 UPDATES]
GDP, or Gross domestic product, is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. It provides an economic snapshot of a country, used to estimate the size of an economy and growth rate.
Although GDP is generally used to measure the wealth of the country, it has limitations when it comes to determining the state of living of the country, and it is mainly influenced by population, because the higher the population, the higher the number of hands to produce products and services.
Here are ten most richest countries of Africa, measured in GDP.
Number1
Nigeria, US$496.12 Billion
Officially, the Federal Republic of Nigeria it is a most populous country in Africa, found in the West African region. Nigeria is one of the world's most ethnically and linguistically diverse nations; covering an area of 923,769 square kilometers, with a population of over 211 million.
This country is Africa’s leading economy, and the 30th largest economy by GDP volume in the entire world. However, Nigeria's economy is highly dependent on oil and is therefore very vulnerable to fluctuate with the crude oil prices and production.
In 2020, the GDP was over US$ 400 billion, generated by the services, agricultural sector, crude oil and mining industry.
Number 2
South Africa, US$ 386.73 Billion
Often called 'the rainbow nation'. the Republic of South Africa is one of the most ethnically diverse countries in Africa. South Africa has a highly developed economy and advanced economic infrastructure, making the country the leading African economy and home to 75% of the largest African companies.
South Africa is rich in mineral resources, The country is the world's largest producer and exporter of gold, platinum, chrome and manganese, the second largest palladium producer and the fourth largest producer of diamonds. mining and manufacturing accounts for around 2.2% and 2% respectively of the GDP.
According to the International Monetary Fund's, the economic growth is expected to pick up in 2021, estimated at 3.1% of the GDP, and to stabilize in 2022 at 2%.
Number 3
Egypt, US$ 331.36 Billion
Egypt is a country in North Africa, borders the Red Sea and the Mediterranean Sea, neighbored by countries include Libya, the Gaza Strip, and Sudan. According to the International Monetary Fund's, April 2021 forecast, GDP growth is projected to contract further to 2.5% in 2021 and recover to 5.7% in 2022.
The economy of Egypt is divided into three broad categories—agriculture, manufacturing, and services with Services being by far the biggest contributor to GDP, accounting for over 68 percent in 2018.
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Top 10 Richest Countries in Africa by GDP Per Capita #shorts #viral #shortsvideo #top10 #gdp #africa
In this video, we'll be exploring the top 10 richest countries in Africa based on their Gross Domestic Product (GDP) per capita. GDP per capita is a measure of a country's economic output that accounts for its population size, providing a more accurate picture of the average wealth of its citizens.
We'll be using the latest available data from the International Monetary Fund (IMF) to rank these countries based on their GDP per capita. From the thriving economy of Seychelles to the oil-rich nation of Equatorial Guinea, we'll be taking a closer look at what makes these countries the wealthiest in Africa.
We'll also explore some of the challenges these countries face, such as income inequality and political instability, and how they are working to overcome these obstacles.
So, if you're interested in learning more about the wealthiest countries in Africa and how they are driving economic growth and development on the continent, then this video is for you. Join us as we count down the top 10 richest countries in Africa by GDP per capita.
Top 10 RICHEST COUNTRIES IN AFRICA
Top 10 Richest countries in Africa - Nigeria, South Africa, Kenya, Tanzania, Algeria, Egypt, Morocco, Ghana, Ethiopia and Ivory Coast Make up the List of the Top 10 Richest countries in Africa in 2023 according to world bank.
Africa as a continent, is growing at a very fast rate even though some countries are still left behind in terms of development.
Though some African countries are endowed with Natural resources, some do not have or have very little and in such cases human resources is the major economic factor.
Welcome to the African Informant. In this channel we discuss and showcase matters Africa, feel welcome to join the African community by hitting the subscribe button and turning on the notification bell.
0:00 - Intro
1:27 - Tanzania
2:23 - Ivory Coast
2:58 - Ghana
3:32 - Kenya
4:20 - Ethiopia
5:10 - Morocco
5:54 - Algeria
6:30 - Egypt
7:13 - South Africa
7:50 - Nigeria
8:26 - Outro
These Are The Top 10 Most Developed Countries In Africa
Africa has become more industrialized in recent decades which accounts for most African countries development and economic growth. Though the continent is thriving not all countries are developing at the same rate. Here are Africa’s top 10 most developed countries.
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NEW TOP 10 RICHEST AFRICAN COUNTRIES IN 2022 RANKED BY GDP HAS EMERGED. GUESS WHO ARE IN THE FRONT.
The Wealthiest African Countries in 2022 Ranked by GDP.
TOP 10 RICHEST AFRICAN COUNTRIES IN 2022 RANKED BY GDP & PRIMARY EXPORTS
1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $510.58 Billion).
2 | EGYPT (GDP: $435.62 Billion).
3 | SOUTH AFRICA (GDP: $426.16 Billion).
4 | ALGERIA (GDP: $193.60 Billion).
5 | MOROCCO (GDP: $133.06 Billion).
6 | ANGOLA (GDP: $124.86 Billion).
7 | KENYA (GDP: $114.68 Billion).
8 | ETHIOPIA (GDP: $105.32 Billion).
9 | TANZANIA (GDP: $77.51 Billion).
10 | GHANA (GDP: $73.89 Billion).
Top 20 Richest Countries in 2050 #shorts #viral #shortsvideo #gdp
In this video, we take a look at the top 20 richest countries in 2050. These countries are forecasted to have a GDP of over $1 trillion!
Now is the time to invest in these countries, as they are projected to be among the wealthiest in the world in the next few decades. Whether you're looking to retire early or just want to make some serious money, these are the 20 richest countries you need to watch!
Top 10 Poorest Countries in Africa by GDP Per Capita #shorts #viral #shortsvideo #top10 #gdp #africa
In this video, we'll be exploring the top 10 poorest countries in Africa based on their Gross Domestic Product (GDP) per capita. GDP per capita measures the economic output of a country divided by its population, providing a better understanding of the standard of living in each country. Despite Africa's rich natural resources, many countries on the continent continue to struggle with poverty and underdevelopment.
Starting from the 10th poorest country, we'll work our way up to the country with the lowest GDP per capita. We'll examine each country's economic situation, including their primary industries, their debt burdens, and the challenges they face in attracting investment. We'll also look at the impact of poverty on the people living in these countries, including access to education, healthcare, and basic necessities.
Join us as we take a closer look at the economic struggles faced by these countries and the efforts being made to improve their economic prospects. By understanding the issues these countries face, we can better appreciate the need for international aid and support to help them overcome poverty and build a brighter future. Don't miss out on this insightful video on the top 10 poorest countries in Africa by GDP per capita.
Top 10 Poorest Countries with Rising Economies 2024 | GDP Per Capita
In this video, we'll show you the top 10 poorest countries with rising economies.
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CHAPTERS:
0:00 Intro
0:45 #10 Togo
1:26 #9 Madagascar
2:09 #8 Afghanistan
2:56 #7 Guinea
3:37 #6 Mozambique
4:15 #5 Ethiopia
4:51 #4 Mali
5:35 #3 Guinea-Bissau
6:12 #2 Comoros
6:45 #1 Haiti
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Top 20 Poorest Countries in Asia by GDP Per Capita #shorts #viral #shortsvideo #2050 #poor #top10
Top 20 Poorest Countries in Asia by GDP Per Capita in 2050
Have you ever wondered which are the poorest countries in Asia in terms of GDP per capita? In this video, we'll explore the 20 countries in Asia with the lowest GDP per capita, according to the latest data available from the World Bank.
From Afghanistan and Nepal to China and Mongolia, we'll take a closer look at the economic situation and living conditions of people in these countries. We'll discuss the challenges they face, including poverty, lack of infrastructure, limited access to education and healthcare, and other factors that contribute to their low GDP per capita.
Through data visualizations and maps, we'll compare the GDP per capita of these countries and provide insights into their economic growth and development prospects. We'll also examine some of the recent initiatives and policies that are helping these countries to tackle poverty and improve the well-being of their citizens.
Whether you're interested in economics, development, or just want to learn more about these fascinating countries, this video is for you. Join us on this journey to explore the 20 poorest countries in Asia and gain a deeper understanding of the economic challenges and opportunities they face.
#poverty #Asia #GDPpercapita #economicdevelopment #internationaldevelopment #globalpoverty #socialjustice #humanrights #SDGs #SustainableDevelopmentGoals #WorldBank #inequality #economicinequality #globalinequality #globalcitizenship #globalawareness #education #healthcare #infrastructure #environmentalsustainability #climatechange #migration #refugees #aid #philanthropy #charity
10 most powerful passports in Africa 2021
10 most powerful passports in Africa
When talking about the 10 most powerful passports in Africa, we are not talking about the population or the large territory occupied by some big countries. Powerful passports could be a result of well thought out foriegn policy, how a country is rated by the committee of nations, how seriously you take security challenges of your country, how you handled corruption issues in your country, the rate of acceptance by tourist visiting the country, the national currency, how beautiful and clean is the country. The african union and many of the continents economic organizations have made several attempts to create a Visa-free african passport. The idea of a Visa-free passport dates back a quarter of a century but has failed to succeed for due to the fear of terrorism, illegal migration, smuggling, the spread of diseases, and negative impacts on local job markets. In 2017, the AU created an African passport. This was the project initiated by former Chairperson Nkosazana Dlamini-Zuma. However, the passport is only available to senior diplomats and top officials of AU’s 55 member states. Of those member states, only Seychelles offers visa-free access to all African countries. Before we continue I will love to welcome all my humble and first time subscribers, if you are new here, welcome. Africa reloaded brings to you on a daily basis enchanting videos that are mind blowing. Make sure to hit our like button or better still share and also turn on your notification for more incoming videos. Africa reloaded brings to you today, the 10 most powerful passports in the world.
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Top 10 Most Developed Countries In Africa
Today's video is about the Top 10 Most Developed Countries In Africa
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When it comes to development, Africa is always left behind. Although the majority of African countries are considered developing countries, there are some developed countries in Africa that are even considered more developed than other European or Asian countries.
The rankings of the most developed countries in Africa 2022 are done based on the country's economy, safety, infrastructure development, good Healthcare, food availability, and total well-being of its citizens. Watch to the end to find out exactly the top 10 most developed countries in Africa 2022.
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10 Most Vibrant Caribbean Economies of 2023
A strong economy is crucial for the overall well-being and prosperity of a country and its citizens. It is characterized by stability, growth, and the ability to generate wealth and employment opportunities for its people.
A robust economy provides the foundation for funding public services, reducing poverty and inequality, and supporting a high standard of living. Additionally, a strong economy can attract investment, create new businesses and industries, and help a country to compete in a global market.
With how important having a strong economy is to a country’s prosperity, we at Jirie Caribean thought it would be good, to highlight those countries in the Caribbean that are doing well economically, and whose outlook looks positive for the future.
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0:00 ∞ Most Vibrant Caribbean Economies
2:30 ∞ St. Vincent and the Grenadines
3:36 ∞ St. Lucia
4:35 ∞ Barbados
5:29 ∞ Grenada
6:20 ∞ Antigua and Barbuda
7:23 ∞ Dominican Republic
8:29 ∞ Guyana
9:28 ∞ Trinidad and Tobago
10:41 ∞ St. Kitts and Nevis
11:43 ∞ The Bahamas
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We explore the rich Cultural Lifestyles and Travel Adventures of the Caribbean.
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Top 10 Most Visited Countries In Africa - Trending Destinations
Top 10 Most Visited Countries In Africa - Trending Destinations* #Africa:#Top10mostvisitedcountriesinafrica#AfricaTourism: We are still very much deeply concerned about the global pandemic, and being careful of the contents we publish. Our contents are to help ease thoughts of anxiety, and provide an alternative from the news.
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How Africa Used Internet to Grow It's Economy. Africa Is The Next Frontier For The Internet Economy
This video explains the growth of financial services and money transaction, development of internet and advances in information communication technology ICT penetration in growing economies of Africa which has some of the fastest growing economies in the world. Africa internet infrastructure and mobile phone use has seen tremendous expansion from economy, healthcare, education, agriculture, infrastructure and financial services payment platforms, shipping and logistics expansion. The question is Can Africa achieve universal internet access by 2030?
Despite recent growth in internet connectivity, Africa lags behind other regions of the world. The World Bank hopes to help the continent achieve universal connectivity by 2030, but huge hurdles stand in the way. The Africa continental free trade will need internet existence by business people to strive and allow cross boarder trade between African countries. Africa's Internet Explosion. African continent now boost nearly 15 percent of the world internet users and the figure is expected to increase by 2025 considering Africa population will get to more one billion people. Investment in Africa mobile and internet market by companies like MTN South Africa, GLO mobile Nigeria, Safaricome, Airtel Africa has help develop Africa's growth. Internet has help Africa countries bridge the gap between western countries in Europe and America, Asia and Canada. How Africa Used Internet to Grow It's Economy. Africa Is The Next Frontier For The Internet Economy. Internet penetration is 40% today and a 10% increase in mobile Internet penetration can increase GDP per capita by 2.5% in Africa, compared with 2% globally. Increasing Internet penetration to 75% has the potential to create 44 million new jobs
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Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.3 billion people as of 2018, it accounts for about 16% of the world's human population.
We create informative videos about African countries including economic, African cities, African capitals and African infrastructure projects. Best places to visit and live in Africa, doing business in Africa, African culture and entertainment. Hotels in Africa and best places to visit in Africa. I cover countries in Africa like Ghana, Tanzania, Senegal, Gambia, Ivory Coast, Burkina Fasso, South Africa, Nigeria, Kenya, Ethiopia, Morocco, Democratic republic of Congo, Uganda, Mali Sudan, Madagascar, Zambia, Zimbabwe, Cameroon, Angola, Namibia, Rwanda, Somalia, Guinea, Tunisia, Mozambique, Botswana, Djibouti, Sierra Leon, Seychelles, Liberia, Malawi, Gabon.
TOP 12 AFRICAN COUNTRIES WITH AMAZING NATURAL RESOURCES
A natural resource is a material from the earth used to support life and meet people's needs. Any natural substance, organism, medium, or object present in nature without human action and which in most cases is used to meet human, animal, or plant needs is a natural resource.
As the population and the human ecological footprint grows relentlessly, the sustainable management of natural resources has become a major issue. Africa is made up of the most divergent and converging countries with respect to their wealth of soil and subsoil. How to understand that Africa is not the richest continent in the world is paradoxical. It’s rather amazing how a continent richest in natural resources is the poorest. Some of the natural resources examples include, forest resources, renewable resources and non renewable resources and natural energy.
Here is a summary of TOP 12 AFRICAN COUNTRIES WITH AMAZING NATURAL RESOURCES
#southafrica #uganda #congo
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Top 10 Best Countries to Visit in Africa in 2023
Let's take a look at Top 10 Best Countries to Visit in Africa in 2023.
Africa is a treasure trove of interesting travel destinations . It has a lot of Natural, economic, and Cultural riches. It therefore has a plethora of Tourist attractions as well as beautiful places cut across the various countries therein. It may be very difficult to narrow down just 10 best places to visit in Africa. However, for the purposes of this video, we shall examine ,best countries in Africa 2023 and ,Top 10 African countries to visit. The whole continent of Africa is extremely beautiful and it is on many bucket list or things to do in your lifetime.
Many African countries rely on tourism as a major sector of the economy and it has one of the most beautiful countries in Africa . The continent has a lot to offer visitors from outstanding waterfalls to unique wildlife and the ruins of ancient civilizations. Curious individuals are rewarded on their trip to African nations with a rich history of the African culture that includes delicious food and traditional songs and dances. The majority of tourists to Africa are adventure seekers from westernized countries. This article discusses the most popular African countries among travelers. It does not, however, include Egypt as that country is considered a Middle Eastern region per the United Nation’s World Tourism Organization.
AS 11 MAIORES ECONOMIAS da ÁFRICA em 2020
Os países da África são classificados de acordo com dados do Fundo Monetário Internacional. Os dados são referentes ao ano de 2020, porém, só foram divulgados em 2021.
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MAIS 08
12: República Democrática do Congo ( PIB Nominal 46.062 Bilhões ) ( PIB Per Capita 456 Dólares )
13: Tunísia ( PIB: 39,226 Bilhões ) ( Per Capita: 3.295 Dólares )
14: Camarões ( PIB: 39.036 Bilhões ) ( Per Capita: 1.493 Dólares )
15: Uganda ( PIB: 37,733 Bilhões ) ( Per Capita: 915 Dólares )
16: Sudão ( PIB: 32,576 Bilhões ) ( Per Capita: 734 Dólares )
17: Senegal ( PIB: 24,409 Bilhões ) ( Per Capita:1.455 Dólares )
18: Líbia ( PIB: 21,805 Bilhões ) ( Per Capita: 3.282 Dólares )
19: Zâmbia ( PIB: 18,909 Bilhões ) ( Per Capita: 1.001 Dólares )
How Africa Airlines GENERATED $80 Billion In Continent GDP. Kenya Ethiopia Turkish Airways Emirates.
The aviation sector in Africa has generated over $80 billion dollars into the gross domestic product of African economies. Top airlines in Africa includes Kenya airways, Ethiopia airways, South Africa airways and Moroccan airlines, Egypt air, Mauritius airlines have transported passengers to and from across the African continent. According to data from International air transport association, Africa travel using planes grow the economy in many countries in Sub Saharan countries. Most Africa airlines fly to several European cities and land in their capital cities like Lagos for Air Peace, Addis Ababa for Ethiopia airline, Nairobi for Kenya airways, Johannesburg and Cape Town for South Africa airways, Port Louis for Mauritius airways, Accra Ghana for Ghana airways and Cairo for Egypt for Egypt airways. Rwan air land in Kigali Rwanda and the construction of the new Bugesera will go operational in 2026. African airlines have also created over 6.9 million jobs for Africa economies which has help grow business as Africa has several fastest growing economies. Africa airlines face coemption from western airlines like airfrance, Brussels airlines, Turkish airlines, KLM airlines and Gulf Careers like Emirates, Qatar airways, Itihad airways that fly to Africa. Ethiopia air,line is the most profitable airlines in Africa generating hundred of millions of profits using its vision 2025. South Africa airlines has made huge looses and the airlines was recently bailed out of 1 billion dollars while Kenya airways is under-going restructuring programs. Africa's tourism sector has also grown, with visitors coming from Europe to visit, Asia and China and united states of American to visit Africa countries Safari and nice beaches and resorts in the African continent. Africa aviation sector is expected to grow in 2023 despite global recession and high inflation, people are still willing to travel and discover Africa countries like Egypt, Tanzania, and more. The African continental free trade area will help the African aviation sector with free movements of people and goods and services across Africa borders, the new west African currency of ECO and banks in Africa attracting fintect companies around the world like in Nigeria new currency and the Nigeria presidential election. Here are the top airports in Africa, Cape Town International Airport CPT, Addis Ababa Bole International Airport, ADD, O.R. Tambo International Airport JNB, Mohammed V International Airport CMN, Port Elizabeth International Airport PLZ, Cairo International Airport CAI, Port Elizabeth International Airport PLZ, Sir Seewoosagur Ramgoolam International Airport MRU, Murtala Muhammed International Airport LOS, Houari Boumediene Airport ALG, Jomo Kenyatta International Airport NBO, Tunis Carthage International Airport TUN, King Shaka International Airport DUR, Nnamdi Azikiwe International Airport ABV, Kotoka International Airport ACC, Sharm El Sheikh International Airport SSH, Quatro de Fevereiro Airport LAD, Julius Nyerere International Airport DAR Dar Es Salaam, Entebbe International Airport EBB Entebbe, Douala International Airport DLA Douala. Best Places to Visit in Africa, Victoria Falls, Tanzania, Zanzibar, Serengeti National Park, Mauritius Cairo, Masai Mara National Reserve, Cape Town, Seychelles, Kruger National Park, Botswana, Madagascar, Marrakech, Luxor, Namibia.
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Skytrax names top 10 African airlines
Royal Air Maroc. RAM was named the Best Regional Airline in Africa.
South African Airways. SAA has slipped 12 places down in the global ranking into position 79, but only re-started its flights in Sept 2021.
Kenya Airways Air Mauritius EgyptAir RwandAir FlySafair, Fastjet.
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.4 billion people as of 2021, it accounts for about 18% of the world's human population
I make travel and informative videos about Africa countries including economic, African cities, African capitals and African infrastructure projects. Best places to visit and live in Africa, doing business in Africa, African culture and entertainment. Hotels in Africa and best places to visit in Africa. I cover countries in africa like Ghana, Tanzania, Senegal, Gambia, Ivory Coast, Burkina Fasso, South Africa, Nigeria, Kenya, Ethiopia, Morocco, Democratic republic of Congo, Uganda, Mali Sudan, Madagascar, Zambia, Zimbabwe, Cameroon, Angola, Namibia, Rwanda, Somalia, Guinea, Tunisia, Mozambique, Botswana, Djibouti, Sierra Leon, Seychelles, Liberia, Malawi, Gabon.
Top 10 Fastest Growing Economies
These are the Top ten fastest growing economies of the world