Opinion
Africa’s GDP Per Capita by Country in 2024 – Why More Work Still Needs to Be Done
By Mark-Anthony Johnson
Africa has seen steady economic growth over the past few decades, with key industries like oil and gas, mining, and telecommunications driving significant increases in gross domestic product (GDP). The continent is also home to some of the world’s fastest-growing economies, with Sub-Saharan Africa accounting for half of the top 20 globally.
This map highlights the GDP per capita of every African country in 2024, based on data from the International Monetary Fund (IMF). However, data for Eritrea and Western Sahara was unavailable.
Seychelles Leads Africa in GDP Per Capita
At the top of the list, Seychelles boasts the highest GDP per capita in Africa, driven largely by its thriving luxury tourism industry. Despite economic progress in several regions, the continent’s average GDP per capita remains US$2,955 – a stark contrast to the global average of US$13,840.
GDP Disparities Across the Continent
The economic divide within Africa is striking. Sixteen countries have a GDP per capita below US$1,000, with seven of them falling under the US$600 mark.
On the other end of the spectrum:
- Seychelles leads the continent with a GDP per capita of US$21,875 – more than 10 times higher than Africa’s continental average of US$1,940.
- Mauritius follows with US$12,973, over six times the regional average, benefiting from a strong tourism and financial services sector.
- Notably, both Seychelles and Mauritius also rank first and second among all Sub-Saharan African countries on the UN Human Development Index.
Top 10 African Countries by GDP Per Capita in 2024
- Seychelles
- Mauritius
- Gabon
- Botswana
- Libya
- Equatorial Guinea
- South Africa
- Algeria
- Namibia
- Cape Verde
Despite progress, many African economies still face challenges in achieving sustainable and inclusive growth. Continued investment in infrastructure, education, and industry diversification is crucial for long-term prosperity.
Mark-Anthony Johnson is the founder and CEO of JIC Holdings, a global asset and investment management firm founded in 2009. With over 30 years of experience and strong ties to Africa, his investments span mining, infrastructure, power, shipping, commodities, agriculture, and fisheries. He is currently focused on developing farms across Africa, aiming to position the continent as the world’s breadbasket.
