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Which is the richest country in Africa 2010?
Nigeria is the richest and most populous country in Africa. The country’s large population of 211 million is a likely contributor to its large GDP. Nigeria is a middle-income, mixed economy and emerging market with growing financial, service, communications, and technology sectors.
Which country in Africa has the strongest economy?
Nigeria
Nigeria has the highest GDP in Africa, standing at $514.05 billion in 2021. Egypt: This North African country has the second highest GDP size in Africa.
What is the number 1 economy in Africa?
List of African countries by GDP (nominal)
| Rank | Country | Nominal GDP (billions US$) |
|---|---|---|
| 1 | Nigeria | 480.48 |
| 2 | South Africa | 415.32 |
| 3 | Egypt | 396.33 |
| 4 | Algeria | 163.81 |
Which is the most powerful country in Africa?
Egypt
As of 2021, Egypt was considered the most powerful African country by its conventional fighting capacity, achieving a score of 0.22. The country also placed 13th in the global military power ranking.
Which country in Africa has the weakest army?
What is the weakest country in Africa? Liberia comes last after Somalia in the GFP 2021 list, having the lowest power index scores. Even with the good reputations of the continent’s armed forces strength, it is clear that some countries are yet to stabilize their troops and defence operations.
Which is the best economic country in Africa?
Despite the fact that Nigeria maintains Africa’s largest economy, many economic critics have argued that South Africa is Africa’s best economy with regard to its favourable economic development. The country is considered a popular tourist destination, so tourism is among the leading economic sectors.
What kind of economy does eastern Africa have?
However, after 2008 the country’s economy sprang back to action. As of 2018, the Eastern Africa country had a GDP of $64 billion. Its main economic activities are agriculture, gold and petroleum mining.
What’s the rate of economic growth in Africa?
Based on the World Bank report released earlier this year, Africa’s economy is projected to continue to rise to 3.2 percent in 2018 and to a further 3.5 percent in 2019.
Which is the second largest economy in Africa?
South Africa which has always been revered as the top economy in Africa was again beaten to second place by Nigeria in 2018. The southern Africa state had its GDP valued at approximately $312 billion dollars. In the recent past, South Africa’s economy has been struggling.