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

8. Ethiopia

GDP: $109 Billion

Foreign Exchange Reserve: $3, 382 Million

Ethiopia is among the non-oil producing African countries with the fastest growing economies and has managed to sustain a high single digit annal growth rate since 2004 and is estimated to expand by 11.3 per cent in the 2012/13 budget year. Agriculture contributes to almost half of Ethiopia’s GDP and offers about 85% of all employments in the country. Ethiopia’s GDP stands at $103.1 billion as at 2012. The government has invested in ways to privatize and restructure her policies which is beginning to attract foreign investments in the country.