September 17, 2021
Economy

Top 10 countries in Africa by GDP per capita, Nigeria ranks 17th – Nairametrics

The world economy was disrupted in 2020, due to the outbreak of the covid-19 pandemic, which brought economic activities to a halt in most countries, with Africa not exempted from the downturn.

In 2020, a number of African countries fell into economic recession including Nigeria, however, the list of top economies per capita, remains fairly unchanged compared to the previous year.

According to data obtained from the World Bank, the Sub-Saharan African economy declined by 2.45% in 2020 from $1.85 trillion recorded in 2019 to $1.81 trillion. Also, the middle East and North Africa region recorded a 3.66% contraction in its economy to an aggregate of $3.37 trillion.

With the need to constantly monitor the performance of the world economies in relation to Nigeria, Nairametrics analyses the top economies on the African continent based on their GDP per capita in 2020 and their…

Read full article here: nairametrics.com