✏️ BY: Dr. Hana Saada
Algiers, Algeria | June 17th, 2024 — The African Development Bank (AfDB) recently published a comprehensive report detailing the African economies based on their GDP per capita in purchasing power parity (GDP-PPP). This method allows for a comparison of living standards between countries by accounting for differences in the cost of living and inflation rates.
According to the AfDB’s calculations, the top five richest countries in Africa are:
1. Seychelles: Leading the ranking with a GDP-PPP of $29,711 per capita, Seychelles benefits from an economy focused on luxury tourism and financial services.
2. Mauritius: In second place with a GDP-PPP of $22,246 per capita, Mauritius boasts a diversified economy including tourism, financial services, and a growing manufacturing industry.
3. Gabon: With a GDP-PPP of $19,546 per capita, Gabon ranks third, thanks to its rich natural resources, particularly oil and manganese.
4. Equatorial Guinea: Placing fourth with a GDP-PPP of $18,180 per capita, Equatorial Guinea’s wealth is largely driven by its oil reserves.
5. Egypt: Completing the top five with a GDP-PPP of $17,158 per capita, Egypt benefits from a diversified economy including agriculture, tourism, and an expanding service industry.
6. Botswana: $16,651.5 per capita
7. South Africa: $14,222.7 per capita
8. Algeria: $12,893.2 per capita
9. Tunisia: $12,159.1 per capita
10. Namibia: $10,705.2 per capita
Algeria’s Position
Algeria ranks eighth on this prestigious list with a GDP-PPP of $12,893.2 per capita. This ranking reflects the stability and diversity of Algeria’s economy, which benefits from significant natural resources, particularly oil and natural gas, as well as a growing industrial sector.
Economic Stability and Diversity
The economies of these top-ranking countries are characterized by relative stability and diversification. They range from natural resource exploitation to service industries, which helps to buffer against economic volatility and fosters sustainable growth.
About Dzair Tube Media Group
Dzair Tube has firmly established itself as a prominent player among Algerian digital news sites, offering a diverse and enriching content experience. The platform, available in Arabic, French, and English editions, captures the attention of a wide-ranging audience, amassing over half a million daily clicks.
A testament to its commitment to excellence, Dzair Tube received the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This recognition underscores the platform’s unwavering dedication to upholding the highest standards of journalism.
With a significant online presence, Dzair Tube boasts 350,000 subscribers on YouTube, over five million followers on various Facebook pages, and 450,000 subscribers on Instagram. Its digital channel has become a hub for diverse programming, covering news, sports, entertainment, culture, and religion, catering to a broad spectrum of audience preferences.
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Honored with the Media Leadership Award from the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the landscape of Algerian digital news, maintaining a position of influence and impact in the media industry.
