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First 5 richest Africa Countries In 2020 Ranked By GDP & Primary Exports


2 | SOUTH AFRICA (GDP: $358.839 Billion) ...

3 | EGYPT (GDP: $302.256 Billion) ...

4 | ALGERIA (GDP: $172.781 Billion) ...

5 | MOROCCO (GDP: $119,04 Billion) ...

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.

people still asking that why is it Nigeria is the first richest country in Africa this is because.With a GDP just under $450 billion, Nigeria holds the position of the richest country in Africa. ... These petroleum exports make up 10% of the total GDP and over 80% of the export sector revenue. In addition to petroleum, Nigeria has an abundance of raw materials and natural resources, contributing to the region's wealth.

The second richest country in Africa is South Africa the reason is.South Africa is rich in a variety of minerals. In addition to diamonds and gold, the country also contains reserves of iron ore, platinum, Africa huese, chromium, copper, uranium, silver, beryllium, and titanium. Coal is another of South Africa's valuable mineral products. 

Egypt is the third richest country in Africa because The leading factors of the Egyptian economy include petroleum and natural gas exports, tourism, wholesale and retail trade, construction, and real estate. The state has diversified its economy away from just raw material exports in recent years and over half of the GDP now comes from service based employment.

Algeria is the fourth richest country in Africa because A recent discovery of more crude oil reserves have boosted this rapidly growing industrial country. Other sectors that make up the Algerian economy include agriculture, industrial works, commercial services, and construction. The country is also one of the largest suppliers of Ammonia in Africa.

The fifth and last richest country in Africa is Morocco and this reason make Morocco the richest country in AfricaAfrica.It is the fifth-richest non-oil-producing African country. The country's economy is driven by mining and manufacturing. 30% of Morocco's GDP comes from industry, 15% from agriculture, and 55% from services.

Content created and supplied by: AtakTheBlogger (via Opera News )



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