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Top 10 richest Countries in Africa – See where Nigeria is despite recession

7) Libya – $11,497 (GDP per capita)


Libya’s position as one of Africa’s most prosperous countries owes much to two defining factors. Firstly, the country has huge oil revenues which, coupled with a small population in comparison to its rivals, means it has a high GDP per person in comparison to the rest of Africa. Similarly to South Africa, Libya is also defined as an upper-middle economy by South Africa.



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