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ESWATINI RANKED AMONG TOP 10 RICH COUNTRIES IN AFRICA

By Sabelo Majola | 2018-07-18

Eswatini has been ranked among the top 10 richest countries in the continent.

The rank is based on the Gross Domestic Product (GDP) per capita and Purchasing Power Parity (PPP).

According to a recent report, the population of the country defines the power and the growth of the country.

The top-rated country happens to have a low population, as in case of the higher population, they fall under the list of less rich countries.

Equatorial Guinea, which is at the peak of the table, has a low population and high GDP due to it being regarded as the number one richest country whilst Eswatini is at the basement on the top 10 richest countries of the continent.

As per 2017 statistics, the GDP annual growth rate of Eswatini is 2.3 per cent. The GDP of the country is E58 529 961 000.

As per 2017 statistics, the GDP per capita of the country Eswatini is E51 875.64 and the GDP per capita PPP is E102 544.84.

“Eswatini is one of the smallest countries in Africa. Most of the country's adults are employed in the field of agriculture, which is considered as the leading source of income. The people of Eswatini are engaged in the cultivation of tobacco, corn, sugar cane, cotton, pineapples, rice, and many more.

The industrial sector accounts for about 45 per cent of the country's GDP. The industrial sector consists of textile, timber, sugar and coal mining. Eswatini is largely dependent on other countries, mainly South Africa from where they import nearly 80 per cent of products,” says the report.

Gabon comes second in the list, while the neighbouring South Africa comes at Sixth position. Botswana and Namibia are occupying the third and eighth positions respectively.

Here is the list of richest

countries in Africa 2018:

1 Equatorial Guinea

2 Gabon

3 Botswana

4 Algeria

5 Libya

6 South Africa

7 Egypt

8 Namibia

9 Tunisia

10 Kingdom of Eswatini