The plight of Africa has been captured in many articles, reports and documentaries but the simple fact is that the majority of Western scholars would struggle to name the top five wealthiest African countries - so focused are we on the poverty. Famously dubbed “City of Midnight Sun’’, Norway is one of the most beautiful tourist destinations in Europe. With its population estimated fairly above 8 million inhabitants, Switzerland has been able to maintain steady economic progress with a substantial per capita income of $83,716, making Swiz 2nd on our list of richest countries in Europe. Did you manage to guess it correctly? In a consequence of this, many European countries live above the globally recognized poverty line. 15 Stars From The Girls Next Door, Kim Kardashian & Kanye West May Be Headed Towards Divorce, Julianne Moore's 8 Best Oscar Outfits, Ranked, Rumor Debunked On Michael Keaton Becoming The Next Batman In The DCEU After "The Flash", Trey Songz Recovers From COVID-19, Hosts 500-Person Party, 10 Crazy Details You Never Knew About Gwendoline Christie's Career, Wonder Woman 1984 To Debut On HBO Max Alongside Theatrical Release, Armie Hammer Denies Sending Disturbing Instagram Messages, The Kardashians In 2020: The Family's Net Worth At The Start Of The Decade, Chris Pine Set To Star In New Dungeons & Dragons Film. Ghana has been a leader of the pack for quite some time now, being West Africa’s first country to gain independence from the colonialism that had virtually taken over Africa back in 1957. While it's pipped to the top of our list here, Nigeria sits proudly on top of Africa’s agricultural output list. Technology is one of the key factors strengthening the economy of Germany. Tourism is also a big deal in the country, accounting for over 10% of the total employment. In addition to the sumptuous GDP per capita of $67,037 which heightens the standard of living, Iceland occupies the fifth position in global rankings of GDP Purchasing Power Parity. It joined the pair of Netherlands and Belgium in creating the Benelux customs union in 1948. Across the globe, Switzerland is best known for its snow-covered mountains and as the best destination for winter tourism. All figures are based on the latest annual report by the International Monetary Fund (IMF) and the World Bank using GDP current prices in U. S. dollars. With the per capita income of $46,563, Germany comfortably secures the tenth position among the richest European countries. Officially regarded as the Kingdom of Belgium, Belgium shares land borders with the North Sea and a few European countries including France, Luxembourg, Germany, and the Netherlands. It is a less populous country with a total of 5,258,317 inhabitants. Helpful Tools. This will undoubtedly be one of the better-known countries on our list. As this is one of Ghana’s most prosperous industries, it has undoubtedly contributed to the economic growth the West African nation has enjoyed. In fact, the IMF described Morocco as “a pillar of development” in the area in 2010; there's no higher praise! Though the political instability remained, 2012 saw Libya increase their gross domestic product by an astonishing 122%. Angola is another one of Africa’s agricultural countries. Luxembourg is a founding member of the European Union. Switzerland has robust achievements in terms of economic growth and development. Tourism once accounted for about 10% of Egypt’s $576 billion economy but the country has dropped by over 10 places on the list of best tourist countries in the world between 2011 and 2013 according to the WEF. Above that, the German government focuses on the exportation of finished products, giving Germany the third position among the world’s largest exporters of goods. Africa, as a continent, comprises a huge 54 sovereign states. Around the 17. century, the Netherlands became a significant influence in terms of commercial and maritime services. Top African Export Countries. In this regard, Germany is well known for the possession of powerful automobile brands like Volkswagen. People enjoy Ireland for its tranquil atmosphere and its beautiful environmental features add much fun to tourism. As a consequence, Ireland remained a dependent State under the control of England until the early 18th century. Everything from cotton to gold to diamonds can be found around the continent. Though its nearest neighbours are the tourism hotspots of Tunisia and Morocco, tourism in Algeria contributes just 1% of its total GDP. Ireland is an island sitting in the 13, position among the world’s largest islands but in Europe, it is considered the third largest island. A fresh take on sports: the biggest news and most entertaining lists. This list uses the GDP at Purchasing Power Parity, as per the CIA World Factbook in 2012, to rank these African countries by wealth. Now, though, Tunisia is going through an economic reform and a liberalization of the state. Ireland is a lowly populated country with a total of 6.5 million inhabitants. In comparison with the other European countries on this list, Austria maintains the per capita income of $50, 022. One of the things keeping Morocco’s economy in the low figures is the high cost of importing goods, which is essential to the national economy. It's among the top ten fastest growing economies in the world and tops the African list of fastest-growing economies. As for many countries in our top ten, it's the oil industry that drives the country’s economy. In terms of economic progress, Sweden maintains the per capita income of $51,241, making it the fifth richest country in Europe. The latest projected 'GDP rankings of the world's largest economies' is based on the size of national economies in US dollar terms. In the 18. century –precisely in 1867 –Austria joined Hungary and the pair established a dual monarchy. Considered a small country, Norway’s land area covers 148,747 square miles. We can't help but wonder; if it were not for the current political instability, how much further up our list would this country be? With less than a million inhabitants, Luxembourg takes the 8. position among the world’s least populous countries. More specifically, it's coffee farming that's the biggest bread winner in Ethiopia, as the biggest export for the country. MONOCHROME has listed the top 10 Swiss watch brands based on estimated 2019 sales. Who couldn't love a country that produces gold and chocolate? Across the globe, Switzerland is best known for its snow-covered mountains and as the best destination for winter tourism. Meanwhile, this is a substantial level of economic development which makes Austria 9 th on our list of the top ten richest countries in Europe. Before the arrival of European settlers, who introduced a formal education system addressed to the elites, education in Ghana was mainly informal and based on apprenticeship.Pre-Independent Ghana was known as the Gold Coast. Despite this, as a continent, Africa’s economy has grown over the last few years. This is because many different factors can be used to determine a city’s wealth The appeal, no doubt, is due to the fact that there's a differing culture from mainland Europe to experience, with that reassuring element of familiarity in proximity. As a wonderful tourist destination, Norway’s landscape consists of glamorous museums and attractive natural features like forts, glaciers, and mountains. According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. Unfortunately, the political instability in Egypt during the last few years has affected the tourism industry negatively. This accounts for 41% of the GDP, 80% of the total exports and 80% of employment. As Ghana prepares for the funeral of former president Jerry Rawlings, the two main political parties are squabbling over his legacy. In yearly rankings of richest European countries by GDP per capita, Luxembourg has constantly appeared in the first position. It also happens to be one of the fastest-growing economies, not just in Africa but in the world. Indeed, the economy of Africa grew by 5% in 2012 while the rest of the world was in the grips of economic recovery. In this regard, Germany is well known for the possession of powerful automobile brands like Volkswagen. In addition to Luxembourgish, the languages spoken in Luxembourg are German and French. In terms of land area, the Netherlands covers a total of 41,526 square kilometers. It makes sense, then, that Ethiopia is Africa’s second most populous country. Around its North West, Netherlands shares land borders with the North Sea. In partnership with Luxembourg and Belgium, Netherlands founded the Benelux customs union in 1948. Year after year, European countries appear on various lists of the world’s wealthiest countries. Fun side fact; look up the Big Hole to see an amazing hand-excavated diamond mine, not a major tourism attraction but definitely worth a look. According to a number of surveying organizations, Sweden has consistently maintained a high level of national progress. In the 16, century, England succeeded in the conquest of Ireland. Egypt equals pyramids, the Sphinx and the Nile. Netherlands – “alternatively known as Deutschland”. Also in terms of the global productivity index, Iceland takes the seventh position. Ores, slag and ash represents the fastest grower among the top 10 export categories, up by 76.5% from 2018 to 2019 and propelled by higher international sales of … top 30% of adults hold 97% of the total wealth. With the per capita income of $77,975, Norway happens to be the third richest country in Europe. Within the Central region of Europe, Switzerland is one of the luxuriant countries which attract tourists from across the globe. The TEEP Fund focuses on citizens and … After 2% growth in Egypt’s GDP last year, it is expected to be back on the road to recovery with projected figures suggesting it will grow by 3.5% this year. While the rest of the world went through an economic crisis, Africa was something of a “little engine that could”, quietly chugging along at a respectable pace and increasing its total GDP (Gross Domestic Product) annually since the recession hit six years ago. With its population estimated fairly above 8 million inhabitants, Switzerland has been able to maintain steady economic progress with a substantial per capita income of $83,716, making Swiz 2nd on our list of richest countries in Europe. Oil accounts for 80% of the country’s GDP and 97% of all exports, so it's a hugely important aspect of this country's economy. Petroleum is a substantial source of investment for Angola, with the US importing 7% of its total petroleum imports from there. All figures are from the 2017 International Monetary Fund data. Tunisia has experienced a rise in tourism in the past few years, owing to its convenient placement on the Mediterranean coast. On that note, and in an attempt to focus on the positive, here are the top ten richest countries in Africa. As a consequence, Ireland remained a dependent State under the control of England until the early 18. century. This was a significant year for the Libyan economy. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. The Netherlands remained under Spanish colonialism until it attained independence in 1581 and during this time, it was regarded as the United Provinces. Based on GDP per capita, Ireland is the fourth richest country in Europe, with an average income of $77,771. Like several other European countries, Ireland is a congenial place for tourism. Full list of the top 50 richest musicians in the world and their net worth {Forbes}. Despite this, annual growth remains pretty good, at roughly 2% per year and an expected growth of 4% this year. During this time, Ireland was in alliance with Great Britain but it was eventually split into Northern Ireland and the Irish Free State in 1921. From 1380 to 1918, Iceland remained under the colonial influence of Denmark. In population, Sweden is fairly estimated above 10 million people and as a medium-sized country, its land area covers 173, 860 square miles. Economic growth in Ethiopia has decreased slightly in the last few years but is still impressive in international terms. With Britain falling from fifth to seventh place, both France and India are likely to overtake the United Kingdom in the rankings of the world’s largest economies in 2019, that according to the CEOWORLD magazine. Belgium is one of the sovereign States located in the Western region of Europe. Belgium is home to many beautiful ladies and as a matter of fact, the country is greatly admired for delicious chocolates and sumptuous beer. Graduate of NUI Galway and the University of Ulster. Save my name, email, and website in this browser for the next time I comment. Libya has dominated our headlines worldwide for the past few years, with their civil war and its aftermath, which has resulted in ongoing violence. The main source of the economic growth in Algeria is its oil and gas sectors, which contributed a total of 70% to the country’s total revenue to date. 10 10 Libya GDP (PPP): $76.52 billion NETHERLANDS AS DEUTCHLAND?!! The country had a year of celebrations in 2007 to celebrate the Gold Anniversary (pun intended, as you will see later in the article) of their independence. The next 4.4% (311 million people) held 32.3% of world wealth. During this time, Ireland was in alliance with Great Britain but it was eventually split into Northern Ireland and the Irish Free State in 1921. Wealth distribution in 2012. South Africans are the third-largest coal producers in the world, keeping the rest of us toasty on those chilly winter nights. Below are the top African export countries that achieved the highest dollar value in global shipments during 2018. The World's Most Entertaining Car Website, 10 Richest Former US Presidents (Adjusted For Inflation), 10 Ridiculously Expensive Things That Jersey Shore's JWoww Has Bought, Marilyn Manson's Ex-Wife Dita Von Teese Discusses Abuse Allegations, Tom Cruise Returns To Mission: Impossible 7 Set After Going Ballistic, 10 Weird Rules Vince McMahon Follows To Be Successful, Seattle Seahawks Won't Have Fans In Attendance For Their Next Two Home Games, Country Star Charley Pride Dies Of COVID-19 At 86, 15 Stars Who Are Hotter Asleep Than Awake, Where Are They Now? Let us do the math on everything from your amortization schedule to your debt payoff. Yes, South Africa is sitting pretty at the top of the list. Easily find everything from the perfect credit card to the right mortgage. Norway is a kingdom in the North West of the European continent. Top 10 hiplife songs 2021. Norway’s per capita income of $77,975 gives it the sixth position in the world in terms of Purchasing Power Parity. Also, it is noteworthy that the Netherlands was part of the member states that founded the European Union. Despite being a landlocked European country, Luxembourg enjoys robust economic opportunities, making it the richest European country. Widely known as a Member State of the European Union, Austria achieved the status of a republic in 1919. YOU SHOULD BE FIRED YOU IGNORANT WAFFLE! Top 10 Poorest Countries in the Western Hemisphere, TOP 20 GDP PER CAPITA RANKING – WORLD RICHEST COUNTRIES. In addition to enormous tracts of peat bog and a number of large lakes, Ireland consists of high mountains rising above 3000ft. Why has Africa been the poorest continent throughout the years, then? With the per capita income of $46,563, Germany comfortably secures the tenth position among the richest European countries. From 1282 to 1918, Austria remained a colony of Hapsburgs. Meanwhile, this is a substantial level of economic development which makes Austria 9th on our list of the top ten richest countries in Europe. Above that, the German government focuses on the exportation of finished products, giving Germany the third position among the world’s largest exporters of goods. Morocco is another country of Africa’s that has experienced privatisation of many sectors that used to be in state control, which has expanded the economy since the 1990s. Petroleum, diamonds and iron are the country’s biggest natural resources. Switzerland became an independent nation in 1499 and its territory stretches across the Alps and the Jura Mountains. Regarding this, there is a total of 412 inhabitants found per square kilometer of land in the Netherlands. In fact, tourism is long considered the mainstay of its economy due to the massive returns generated from tourist attractions. The 10 Wealthiest Countries. Also in the South and East, Netherlands is bordered by Belgium and Germany respectively. Across the world, German citizens are revered for their expertise especially in sports. Oil production is another Angolan lifeline economically, providing 45% of the country’s GDP (though this pales in comparison to Libya’s 80%). In a consequence of this, many European countries live above the globally recognized poverty line. Its territory stretches across the Eastern patch of the Scandinavian Peninsula. He earned the distinction of being named among “America’s Top Plastic Surgeons” in 2011. Mike Adenuga($9.4 Billion) Adenuga is currently the second richest man in Nigeria and designed his fortune in telecommunication and oil production. The fund expects that the 10,000 start-ups and young businesses selected from across Africa over a ten-year period will ultimately create one million new jobs and add $10 billion in revenues to Africa’s economy. This list uses the GDP at Purchasing Power Parity, as per the CIA World Factbook in 2012, to rank these African countries by wealth. The main source of Ghana’s economic prosperity is their natural resources: Ghana is Africa’s second-largest producer of gold and also the world’s second-largest producer of cocoa. Ireland is an island sitting in the 13th position among the world’s largest islands but in Europe, it is considered the third largest island. Officially regarded as the Grand Duchy of Luxembourg, Luxembourg covers the meager land area of 998 square miles and this outlines the fact that it is the European sovereign state with the smallest land area. Diamonds are another massive source of wealth for Angola, the country being Africa’s third largest producer of the precious stone – yet to date they've only explored 40% of the country’s potential diamond mining areas! Besides Amsterdam –the capital city of the Netherlands –Rotterdam is another major city in the Netherlands and it is considered the largest port on the European continent. The largest employment sector is, in fact, the government. Its land area stretches across the Western region of the Scandinavian Peninsula. With less than a million inhabitants, Luxembourg takes the 8th position among the world’s least populous countries. Switzerland is one of the well-known European countries and it is officially regarded as the Swiss Confederation. Though Austria’s landscape is packed with many tourist attractions, the city of Vienna happens to be the most notable of all. CEO of the country’s main bank, Zenith, Godwin Emefiele has predicted that Nigeria will overtake Africa's number one economy in the coming years, so this is one to watch. Here we discuss the 10 wealthiest countries in Africa 2020 and the nature of their economies. Officially regarded as the Republic of Austria, Austria is considered one of the least populous European countries. The land area of Belgium spans across 11,787 square miles and it is densely inhabited by over 10 million people. This proves that Ghana’s hiplife songs are still alive and healthy. That’s all about the Top 10 Richest Countries In Europe 2020, Tags: Top 10 Richest Countries In Europe By GDP Per Capita 2020. In the 16th century, England succeeded in the conquest of Ireland. Let's take a look at the 10 richest people in Africa. No it’s not, Deutschland is the German word for Germany. Also shown is the percentage change in value since 2014 plus each country’s percentage share of the continent’s total exports. Around the 17th century, the Netherlands became a significant influence in terms of commercial and maritime services. Nigeria provides about 10% of the oil imports in the US which makes this fossil fuel vital to sustaining their economic growth. Meanwhile, this is a substantial level of economic development which makes Austria 9, Technology is one of the key factors strengthening the economy of Germany. Your email address will not be published. 23-year-old journalist from Ireland. Well, there are countless reports, theories and debates on this topic: Some blame the IMF’s influence and the countries' crippling debts; others blame large companies for stripping African countries of their natural resources for astonishing profits. The Netherlands remained under Spanish colonialism until it attained independence in 1581 and during this time, it was regarded as the United Provinces. 10. Top Products. Currently, Belgium is estimated with an average income of $45,175 and this makes it the ninth richest European country. In developed countries like Sweden and Denmark, the GINI index hovers in the low 20s. Considered one of the least populous European countries, Luxembourg has a low population estimated below 1 million inhabitants. Taiwan and Singapore top the list of the countries and territories with the fastest internet speeds in the world - the United States is at 15th place and the United Kingdom at 33rd in the 'Global League' rankings. The Chart of the Week is a weekly Visual Capitalist feature on Fridays.. The natural resources in South Africa include diamonds, coal, platinum and many other natural minerals. Germany According to the IMF, Africa is the poorest continent in the world – despite containing a fifth of the total population of our little planet. Year after year, European countries appear on various lists of the world’s wealthiest countries. The land area of Austria stretches across 32,386 square miles and as an attractive tourist destination, Austria has made tourism one of its vibrant sources of national income. Officially regarded as the Republic of Ireland, Ireland is a small-sized country located in the North Atlantic Ocean. Four hail from South Africa, three are from Nigeria, two are from Egypt, and one is from Algeria. While it may be the richest country on the African continent, South Africa's GINI index - measuring wealth inequality - is at over 63, on a scale where perfect equality is zero. Later in 2017, he was appointed as Chairman of the Board of Trustees of the Social Security and National Insurance Trust, the state pension fund by President Nana Akufo Addo. Despite being a landlocked country, Austria has the seventh-highest per capita income in Europe. Though this is a major component of Nigeria’s economic DNA, agriculture is not the biggest breadwinner in the country. He is the owner of Globacom which is currently the third largest operator in the Continent of Africa. Widely recognized as one of the best places for tourism, Germany is a developed nation characterized by a mild seasonal climate. In comparison with the other European countries on this list, Austria maintains the per capita income of $50, 022. In this regard, it takes the 36, position among the global ranking of countries with the highest GDP (PPP) and in terms of nominal GDP, Switzerland sits in the 2nd. Musa I or Mansa Musa was the Emperor of Mali during the fourteenth century. Meanwhile, it is best known for export products such as steel, timber, iron ore, paper, and pulp. Officially regarded as the Kingdom of Sweden, Sweden is said to be one of the countries of Scandinavian descents. Also, it is noteworthy that the Netherlands was part of the member states that founded the European Union. Austria is a German-speaking country situated in the Central region of Europe.
Yamaha Tsr-700 Receiver,
King Koil Orthopedic Mattress Price,
Whelping Window Calculator,
2011 Mitsubishi Lancer Sportback Ralliart For Sale,
How To Level Gypcrete,
Can You Get Pregnant If You Wipe Sperm Inside You,
Cassava Leaves Benefits,