Top 10 African Economies - the richest countries in Africa

The Top 10 African economies explained. The biggest African economies ranked by gross domestic product or GDP. To determine the richest countries in Africa, we look at the latest nominal GDP data (U.S. currency, 2018).

Test your knowledge:
Based on the 10 African countries presented:
a) Which country has the highest standard of living (GNI per capita)?
b) Which country has the highest proportion of labor employed in the agricultural sector?
c) Which country has the largest trade surplus?
d) Which country is exporting and importing the most goods in terms of monetary value?
e) What is the most indebted country (highest Debt-to-GDP ratio)?

Global Knowledge Studios

For an explanation of GNI (gross national income) which with examples check out this 2 minute video https://youtu.be/pGKPQW2yFBQ

Sources (also see sources of individual videos):
GDP Ranking
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?most_recent_value_desc=true

Population
https://www.worldometers.info/world-population

GNI per capita, Atlas method (2018, current US$)
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD

Labor Force
(the labor force includes employed workers and unemployed workers that are actively seeking work)
https://data.worldbank.org/indicator/SL.TLF.TOTL.IN

Unemployment Rate
Kenya https://tradingeconomics.com/kenya/indicators

Employment by sector (agriculture, industry and services)
Agriculture https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS

Kenya Exports, Imports, Trade balance - 2018 data derived from the ITC (International Trade Centre)
https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c404%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1

Government Budget
Kenya https://tradingeconomics.com/kenya/government-budget

Government Debt-to-GDP ratio
Kenya https://tradingeconomics.com/kenya/government-debt-to-gdp

Economic Growth
International Monetary Fund - World Economic Outlook Oxt 2019
https://www.imf.org/en/Publications/WEO/Issues/2019/10/01/world-economic-outlook-october-2019