The Top 10 Most Developed Countries In Africa
Up until 1990, the world relied on GDP and similar methodologies to measure the quality of life of citizens and the development in a country. However, in 1990, Mahbub ul Haq and Amartya Sen developed a new methodology for measuring the quality of life in a country. Unlike other metrics, Human Development Index (HDI) considers critical factors such as the likelihood of:
1. South Africa
South Africa is the most developed country in Africa as of 2018.
The country is located at the southernmost tip of Africa. Its economy which is said to the second largest in Africa after Nigeria is supported by the agricultural sector, industry sector and tertiary services sector, the latter being the main contributor.
The average South African should go through 13 years of schooling and is expected to die at 53.4 years of age. The GNP per capita is US$9,594.
South Africa can be concluded to be Africa’s most developed country following the economy, amenities, organization, productivity, human rights laws and the peacefulness.
2. Seychelles
Seychelles is an archipelago of 115 countries that lies 1,500 km off the coast of Eastern Africa. The economy of Seychelles largely depends on tourism, agriculture, and fishing with tourism industry employing most of the labor force. Although it is the African country with the highest GDP, Seychelles is plagued by income equality and low wealth distribution which results in poverty of some its citizens.
The average Seychellois is expected to live until he is 73.3 years old and to spend 14.1 years in the education system. The GNP per capita is $US 23, 886. Definitely should be second most developed country in Africa.
3. Mauritius
Mauritius is an island nation off the southern coast of Africa. The economy of Mauritius is boosted by its agricultural, tourism, and service sectors. The economy of Mauritius is fertile ground for local and foreign investors.
The average Mauritian is expected to live to see his 75th birthday and to spend 15.2 years in the education system. The average Mauritian is supposed to take home US$17,948 annually.
4. Egypt
Egypt is the country that is located on two continents: Africa and Asia. The economy of Egypt depends on media, agriculture, natural gas, and tourism.See Also: south african house music
Categorized as a medium developed country, Egyptians are expected to live until they are 71.3 years old and to undergone 13.1 years of schooling. The average Egyptian is supposed to be earning US$10,061 annually.
5. Algeria
Algeria which is the largest country in Africa, is located in the north and happens to share borders with Tunisia. Algeria is another country whose economy is dominated by oil but it is working towards diversifying the economy in order to reduce youth unemployment.
Algerians are expected to live until they are 75 years old and to undergo14.4 years of schooling. The GNP per capita is US$ 13,533.
6. Tunisia
Tunisia is yet another North African country on the list of the most developed countries in Africa 2018. The economy of Tunisia depends on the manufacturing, services, tourism and mining sector with the services sector contributing the most to the GDP. The World Economic Forum ranked Tunisia as the most competitive country in Africa in 2009.
The average Tunisian is expected to live until he is 75 years old and to undergo 14.6 years of schooling. At the end of the year, a Tunisian is supposed to be US$10,249 richer.
7. Libya
Libya is located in North Africa. The main contributor to the economy of Libya is oil production. Libya is home to the largest oil reserves in Africa. Libya is one of eight African countries to be classified as having an ‘Upper Middle Income Economy by the World Bank.’
Libyans are expected to live until they are 71.8 years of age and to undergo 3.4 years of schooling. Annually, a Libyan is supposed to be earning US$14,303.
8. Botswana
Botswana, a landlocked country, is located in Southern Africa. It is said to be one of the most sparsely populated countries in the world with a population of just over 2 million people. The economy of Botswana relies on mining, cattle, and tourism. Botswana has one of the fastest growth rates in per capita in the world and with sound fiscal policies, economists predict even more growth in the future. Which is right since this country has the largest diamond mine in the world.
9. Kenya
Kenya is a country in East Africa with coastline on the Indian Ocean. It encompasses savannah, lakelands, the dramatic Great Rift Valley and mountain highlands. It’s also home to wildlife like lions, elephants and rhinos.
Major industries include: agriculture, forestry and fishing, mining and minerals, industrial manufacturing, energy, tourism and financial services. As of 2018 estimates, Kenya had a GDP of $85.980 billion making it the 69th largest economy in the world. Per capita GDP was estimated at $1,790.
10. Nigeria
This country is a very famous African country just like South Africa, Due to developments in sectors like in Tech, Entertainment, and being Africa's largest economy at the moment Nigeria has found a way to make the list of most developed African countries 2018.
Nigeria is classified as a mixed economyemerging market. It has reached lower middle income status according to the World Bank, with its abundant supply of natural resources, well-developed financial, legal, communications, transport sectors and stock exchange (the Nigerian Stock Exchange), which is the second largest in Africa.
Nigeria was ranked 21st in the world in terms of GDP (PPP) in 2015.
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