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

14. Tanzania

GDP: 41.33 Billion

Foreign Exchange Rate: $4, 758 Million

The United Republic of Tanzania is the second largest economy in the East African Community and the twelfth largest in Africa. The country is largely dependent on agriculture for employment, accounting for about half of the employed workforce. Even though Tanzanian is a rich country, an estimated 34 percent of Tanzanians currently live in poverty. The economy has been transitioning from a command economy to a market economy since 1985. Although total GDP has increased since these reforms began, GDP per capita dropped sharply at first, and only exceeded the pre-transition figure in around 2007.