You would never run out of things to see in Ethiopia. Tanzania is moving forward ,Africa is moving forward, Your email address will not be published. Just like Egypt, South Africa is another country that is a favorite for tourists. When it comes to emerging technologies, African countries are also not left out as many of its innovators are employing tech to provide solutions across various fields such as finance, agriculture, healthcare, forex, and trade. All Rights Reserved. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. Of course, no matter how rich and fertile that 3% is, it cannot meet the needs of the population not to talk of exporting. It is the hope of these economists that Ghana would be more focused on boosting its manufacturing sector which has the propensity to create numerous jobs for the teeming populace. Your email address will not be published. Out of a love for travel, writing, photography, sharing stories and a desire to inspire others, I created this space to connect with other like-minded individuals. Sadly, that stability is now under threat as an internal armed conflict sprang up in the Tigray region in November 2020. Technologically, the country is not experiencing a revolution in tech but it is strong enough to be regarded among the top ten technologically advancing countries in Africa. Top 10 African Countries With The Highest Average IQ, 2020. Ghana -$66 billion 10. List of Countries by Personal Income Tax Rate - provides a table with the latest tax rate figures for several countries including actual values, forecasts, statistics and historical data. Mauritius Joins Seychelles As The Only High-Income Countries In Africa July 6, 2020 The World Bank has classified Mauritius as a high-income country for the first time, joining Seychelles as the second high-income economy in Africa. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Mauritius is an island nation in the Indian Ocean off the south-east coast of Africa. It was indeed a long journey back from that grim reality to the status of one of the richest countries in Africa and what aided it is the country’s petroleum industry. This is wonderfully made. It was largely allowed to operate with little government intervention and this gave investors the impetus to put their monies there. Nevertheless, the country boasts of attractions such as: Did you also know that African foreign direct investment in Africa nearly tripled from 2006 to 2016, 1. Funny thing about Tanzanians is that they don’t know anything about GDP. Share. Yeah welcome Bongo Land.., Thank you very much may God bless you. As part of the good economy experienced by the citizens, the rate of unemployment is at its lowest and barest minimum. Nigeria – $410 billion 2. Back in 1995, the country was languishing as one of the poorest on the continent but then-president, Benjamin Mkapa, developed an audacious agenda to take it from a low to a middle-income country in the next ten years. The technology sector is doing quite well with a thriving tech ecosystem which has led to several startups such as Paystack and Interswitch (online payment platforms) and Bolt (ride-hailing app). Ethiopia is also expected to be in the top 5 or even overtake Kenya if Kenya slumbers a bit. The upper-middle-income group has per capita incomes between $4,038 and $12,475. ... Nigeria the giant of Africa was ranked the 6th Country in Africa with the highest average IQ. Africa as a continent has all the resources, we need. Another industry that has suffered neglect as a result of the focus on petroleum is the mining industry. Following that independence, there was a mass exodus of skilled foreign workers back to their country of origin and Angola was left struggling to fill the gaps as the natives lacked the education to take over the abandoned roles. First are the subsistence smallholder farmers who produce staple grains and pulses such as wheat, barley, oats, corn, sorghum, peas, lentils and beans. Essential Egypt travel tips to know before you go, How to say HELLO in 125+ Different Languages around the World, My stay at DoubleTree by Hilton Cape Town Upper Eastside, 15 Best Attractions + Things to do in St Petersburg Russia, cobalt, copper, diamonds, coltan, oil, tin, gold, uranium, zinc, diamonds, lead, sulphur, tantalite, copper, oil, gas, coal, uranium, marble, tantalite, salt, gold, gemstones, gold, crude oil, diamonds, manganese, silver, bauxite. This forecast would change in the event of a deteriorating global economy. 1. Finally, low-income countries have GNI per capita of $1,025 per less. It is not every day that an ordinary gambler gets to become some sort of superstar but one man who has managed to do... With a net worth estimated at a whopping $40 million, one would be forgiven for thinking Joel Osteen is some sort of movie star... Mossimo Gianulli, the founder of the American lifestyle sportswear and accessories company, Mossimo, had only average fame until recently. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - List of Countries by Personal Income Tax Rate. Kenya on the other hand, though it hasn’t large portion of arable land depends much on industry of its people and technological exploits of its youth. Currency – Moroccan Dirham GDP per capita – $3,204 Gross National Income – $118.06 billion GNI per capita – $3,190. Sectors such as services, freight, and the construction sector were also paralyzed leading to massive unemployment. Please I want you to keep more eyes on Ghana for me. Tourism is a major revenue earner for Kenya with some of its popular attractions including the: Currency – Ethiopian Birr GDP per capita – $858 Gross National Income – $95.11 billion GNI per capita – $850, The Rock hewn churches of Lalibela Image Source. Yeah, let’s keep an eye on amazing Ethiopia. 14. Ethiopia has been touted as one of Africa’s potential economic growth zone and part of the reason for this is its supposed social stability. Enjoy! Such a reality has had a positive impact on several African countries with the result that some of them now rank amongst the fastest growing economies in the world. Algeria – $178 billion 5. am very informed now of our lovely continent’s (Africa) wealth. There are 54 countries in Africa today, according to the United Nations. God live us all together. Back in 1995, the country was languishing as one of the poorest on the continent but then-president, Benjamin Mkapa, developed an audacious agenda to take it from a low to a middle-income country in the next ten years. The disorder, which limits a person's ability to relate and... In recent times, we have seen many songwriters whose creative skills and talent have landed lifetime earning. Last modified November 30, 2020, No way Tanzania is ahead of DRC- Congo in term of natural resources. Welcome to A Rai of Light! The country’s economy has witnessed commendable strides ever since it decided to liberalize some of its major sectors. It’s truly an awesome post, I have got a much clearer idea concerning Africa and its riches from this. Egypt – $280 billion 4. Mozambique has attracted large investment projects in natural resources translating to continuation of the country’s high growth rates. WhatsApp. A country in southern Africa, Zimbabwe has experienced a slurred GNP annual growth rate in 2013/ 2014. The full list is shown in the table below, with current population and subregion (based on the United Nations official statistics). How many countries are there in the world? The average income is calculated by gross national income and population. Jeffrey D. Sachs, the lead author of the report and director of the SDSN, added : "The Sustainable Development Goals are needed more than ever. My ultimate guide of insider tips to know BEFORE you go. Major attractions include: Currency – Naira GDP per capita – $2,230 Gross National Income – $407.93 billion GNI per capita – $2,030, Unregulated gold mining in Nigeria Image Source. If you are looking for a place that is rich with history, then Algeria is perfect for you. We are the Pearl of africa. The discovery of national parks and other animal reserves with excellent reception facilities remains one of the main arguments for the stay, but the country has many other attractions. Key foreign exchange-earners such as flowers, fruits, and vegetables could not bring in much income as major markets in Europe and other parts of the world were shut down. The oldest independent country in Africa draws half of its GDP from agriculture. Nigeria – GDP: $376.3 Billion. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - List of Countries by Personal Income Tax Rate. January 6, 2018. This war raged intermittently for several decades, up until 2002, and predictably led to a collapse of the country’s economy. “The COVID-19 pandemic has shed considerable light on the vulnerability of health systems, notably in high-income countries that were thought best prepared to face epidemics,” the report said. With a very vibrant economy making over $100 billion in gross domestic value, Tunisia is the 13 th on this list of richest countries in Africa. Gained a wealth of information. !, Apart from minerals, Tanzania also has HELIUM (non renewable GAS), what happening, zambia as got a huge down fall in these past couple of years. The latter has fetched the country criticism as many argue that it contributes to climate change which is affecting several parts of the world. Nigeria may be the richest country in Africa by GDP but it still has a lot of untapped potentials which if utilized would enable it to become the giant of Africa indeed. 96% of the country’s total land area is desert while the remaining 3% is fertile land. This reality subsists to date and petroleum now accounts for about 40% of the country’s GDP. The GNI per capita is the dollar value of a country's final income in a year, divided by its population. Everything you need to know about visiting, Where to find the [BEST] Gelato in Rome, Italy (dare I say, the world), First Trip to Egypt? One does not need to a soothsayer to know that this does not bode well for the country’s reputation as an investment destination. Updated country income classifications are available here. It comes as a surprise to learn that tourism is not one of the major revenue earners for Tanzania as the country boasts of some enviable natural attractions. Where Is He Now? They have however not achieved this yet as they have to deal with several issues such as drought which occurs in the country once every few years. Thanks for letting me know. In some countries such as Cyprus, Italy and Austria the pay gap in hourly wages is higher, at 42 per cent, 30 per cent and 25 per cent respectively. Mauritius. Pretty much the entire globe has figured out that the WWE is not as real as it seems. Well done, You’re welcome. They paying us peanuts for our resources, then we buy it back at exorbitant prices. The third level of agricultural activity in Ethiopia is subsistence livestock farming by families who keep large herds and migrate in accordance with seasonal vagaries. Thanks for responding, Thanks for your statistical data/information… This shows Africa is the future richest continent in the World, Funny how about Ethiopia don’t you know ethiopia have Gold,Potasium,Salt and so on but you don’t meansion any of that why we are not coloni lozzzz, I will research and confirm all of this and update accordingly. but this has been largely ignored and clandestine private miners now have a field day with them. The smallest budget per capita exists in the Democratic Republic of the Congo. The country also earns a lot of revenue from the export of tea, coffee as well as horticultural produce. When it comes to agriculture, Egypt’s success is a result of hard work rather than luck. This is due to the country’s failure to diversify its economy when it had the chance. Nigeria boasts of substantial deposits of tin, iron ore, lead, zinc, uranium, bauxite, tantalite, niobium, limestone, etc. First was the protracted war for independence which eventually became successful in 1975. The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. Occupying the tenth spot on the list of the richest countries in Africa by GDP is the east-African nation of Tanzania. The country is now on a keg of gunpowder as many have warned that failure to take drastic measures to address the situation may result in riots and religious extremism. It is a country rich in natural resources. This impacted the economy negatively and things were further complicated after a civil war broke out almost immediately after independence. If you've ever felt like there must be more to life, this site is for you. Is Jenny McCarthy Married? 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