Ghana has missed out on a ranking that sought to collate the top 10 African countries with the highest Gross Domestic Product (GDP) per capita.
This is despite being the second biggest economy in West Africa – after Nigeria – and having one of the biggest GDP values – approximately $72bn – on the African Continent.
Per the ranking by Trading Economics, Seychelles (1st) has the highest GDP per capita of $17,117 followed by Mauritius (2nd) and Libya (3rd) with GDP per capita of $10,545 and $8,151 respectively.
Egypt and Swaziland placed 9th and 10th positions with GDP per capita of $4,089 and $4,045 respectively.
Ghana’s GDP per capita currently stands at $2,071.
Rank Country GDP per capita GDP
1. Seychelles $17117 $1.24 billion
2. Mauritius $10545 $12.9 billion
3. Libya $8151 $45.75 billion
4. Botswana $6657 $20.35 billion
5. Gabon $6642 $21.07 billion
6. South Africa $6019 $406 billion
7. Equatorial Guinea $5871 $11.81 billion
8. Namibia $4358 $12.61 billion
9. Egypt $4089 $477 billion
10. Swaziland $4045 $4.85 billion
Gross Domestic Product (GDP) per capita stands as a fundamental metric in the realm of economics, offering invaluable insights into the economic health and well-being of a nation’s population.
It serves as a tool for comparing living standards, gauging economic development, and assessing the distribution of wealth within a country.
GDP per capita is a calculation that divides a country’s total economic output, or GDP, by its population. The resulting figure offers an approximation of the average economic output per individual in the country.
Norvanreport