Top 20 Richest African countries at the moment – See how the giants have fallen!

5. Morocco

GDP: $168.9 Billion

Foreign Exchange Reserve: #19, 160 Million

 Morocco’s GDP (PPP) stands at $168.9 billion, making it the 5th among the richest countries in Africa. Morocco is largely dependent on agriculture and its proximity to the Europe is part of what is influencing Morocco’s market and economy which it has capitalized on to build a diverse, open market-oriented economy. Apart from phosphorus for which the country is the world’s third-largest producer, there are also revenues coming from tourism, textiles, apparel and overall, Morocco is the second richest non oil-producing country in Africa after Egypt.