IMF
African Countries With the Highest GDP per Capita Statista
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African Countries with the Highest GDP per Capita
Introduction
With a GDP per capita of $19,470 in 2022, Seychelles is Africa’s most prosperous nation. Highly dependent on tourism, the archipelago’s economy remains highly vulnerable to global disruptions affecting the sector, as was the case during the 2008-2009 recession and the Covid pandemic (when GDP fell by almost 8 percent in 2009 and 2020).
Top African Countries by GDP per Capita
- Seychelles – $19,470
- Equatorial Guinea – $10,000 to $11,000
- Gabon – $10,000 to $11,000
Oil Revenues and Geopolitical Risks
In reaction to the coup d’état in Gabon targeting President Ali Bongo, who has been in power for 14 years and was deposed last night, oil prices rose slightly earlier on Wednesday August 30, serving as a reminder of geopolitical risks to the world market.
Sustainable Development Goals (SDGs)
The Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. They are a universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity.
South Africa and BRICS Summit
Host of the annual BRICS summit last week, South Africa ranks sixth, with a per capita GDP of around $6,700 in 2022, behind Mauritius ($10,120) and Botswana ($7,260).
Gini Index and Wealth Redistribution
Although economists use GDP per capita to compare the level of prosperity of populations worldwide, it does not take into account the income inequalities that can exist within a country. Based on the Gini index, for example, some African countries are among the most unequal on the planet in terms of wealth redistribution.
Infographic: African Countries with the Highest GDP per Capita
FAQ
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 8: Decent Work and Economic Growth
- SDG 10: Reduced Inequalities
The article discusses the GDP per capita of African countries and mentions income inequalities within countries. These issues are directly connected to SDG 8, which aims to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. Additionally, the article highlights the income inequalities within some African countries, which aligns with SDG 10, which aims to reduce inequalities within and among countries.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries
- SDG 10.1: By 2030, progressively achieve and sustain income growth of the bottom 40 percent of the population at a rate higher than the national average
Based on the article’s content, the specific targets that can be identified are SDG 8.1 and SDG 10.1. SDG 8.1 focuses on sustaining per capita economic growth, particularly in the least developed countries. SDG 10.1 aims to achieve and sustain income growth for the bottom 40 percent of the population at a rate higher than the national average.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- GDP per capita
- Gini index
The article mentions GDP per capita as a measure of prosperity and economic growth. This indicator can be used to measure progress towards SDG 8.1, which focuses on sustaining per capita economic growth. Additionally, the article mentions the Gini index, which measures income inequality within a country. This indicator can be used to measure progress towards SDG 10.1, which aims to achieve income growth for the bottom 40 percent of the population.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries | GDP per capita |
| SDG 10: Reduced Inequalities | 10.1: By 2030, progressively achieve and sustain income growth of the bottom 40 percent of the population at a rate higher than the national average | Gini index |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: statista.com
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