While Africa is endowed with plenty of natural resources and a cultural and ecological diversity, the majority of the continent still remains underdeveloped.
In fact, no other continent features in the list of the least developed nations more than Africa.
Despite the volatile economic situations brought about by civil unrest, corruption, tribal wars, and deep poverty, a number of African countries are defying the odds to post significant economic improvements.
Check out this list of the 10 most developed countries in Africa by the Human Development Index.
10. Morocco – HDI: 0.667 GDP per capita $3,435
Morocco sits in the 10th position as one of the most developed countries in Africa and at position 123rd in the world. The country has an approximate populace of 35,740,000 and its terrain is majorly characterised by the large deserts, mountains and abroad coastline. Morocco’s resources come from the services sector, mining, construction, manufacturing, textile, telecoms, information technology, and tourism, among others.
9. Egypt – HDI: 0.696, GDP per capita $2,501
Egypt is one of the unique countries in that, part of it is in Africa while some parts are in the Middle East. Globally, Egypt is positioned as the 118th most developed country while in Africa it ranks at position 9. Egypt has a populace of 94,798,827 and it relies on mining, telecommunication and agriculture. Presently a middle-income country, economists predict that Egypt has a potential for more expansion opportunities in the future.
8. South Africa – HDI: 0.699, GDP per capita: $6,541
South Africa is positioned as the 8th most developed country in Africa. It is positioned at position 113 in the world and has a populace of 57,725,600. The economic development of South Africa has been supported by a number of activities which include: agriculture, mining, industrial growth and tertiary services. While mining has been a huge industry in South Africa, tertiary services are emerging to the highest income earners.
7. Gabon – HDI: 0.702, GDP per capita: $7,741
Gabon is positioned as the 7th most developed country in Africa and 110th in the world. Gabon has a populace of 2 million and its economic expansion is dependent on oil. While mining is the major income generator, Gabon is also investing in other sector to supplement its development.
6. Libya – HDI: 0.706, GDP per capita: $7,998
Libya is positioned as the 6th most developed country in Africa and position 108 in the world thanks to an economic set up that is predominantly dependent on oil. The country holds the largest oil reserves in Africa, however, its poor climate limits other sectors such as the agricultural industry. The country has also undergone instability periods in recent years due to war, which led to a significant increase in unemployment. Libya is registered by the World Bank as one of the eight developed African countries with the upper-middle-income economic set up.
5. Botswana – HDI: 0.717, GDP per capita: $8,443
Botswana is a landlocked country situated in Southern Africa. It is one of the sparsely populated countries in Africa with a populace of only 2 million individuals. It is positioned as the 5th best country in Africa and position 101 in the world in terms of human development. The major pillars supporting the expansion of Botswana are mining, tourism and cattle rearing. It is positioned as having one of the fastest growths per capita in the world. Due to the many investments taking place in the country, economists have predicted more expansion in the future.
4. Tunisia – HDI: 0.735, GDP per capita: $3,531
Situated in North Africa, Tunisia is positioned as the 4th most developed African country according to HDI, and the 95th most developed country in the world. The significant expansion of the country’s economic muscle is a result of manufacturing, tourism, services and mining. In fact, the services sector has contributed highly to the expansion and economic development of the country. The country is also home to many foreign investors who have set up camp there due to its lucrative business environment.
3. Algeria – HDI: 0.754, GDP per capita: $4,669
Algeria is one of the largest countries in Africa that is situated North of the Sahara and borders Tunisia. It’s the third most developed country in Africa and at position 85 in the world. Algeria gets most of its income from the booming oil industry where it is one of the largest producers in Africa. Its dominance in the oil industry has created lots of job opportunities for the Algerian youths. Aside from hydrocarbons, Algeria has struggled to find alternative sources of income. At present, there are developments in the tourism, fuel research, and communications industries, but they are still insignificant compared to the revenue generated by hydrocarbons.
2. Mauritius – HDI: 0.790, GDP per capita: $10, 437
Positioned the second most developed country in Africa and at position 65 in the world, Mauritius is also a major tourist destination in Africa. The country grew from an agriculture-based economic set up in the 1960s into a middle-income diversified economic set up with expansion witnessed in industries such as textile, sugar, financial services, and tourism. Mauritius is currently focusing on important sectors such as healthcare, property development, seafood, communication, and renewable energy to boost its economic income.
1. Seychelles – HDI: 0.797, GDP per capita: $16,332
According to the HDI, Seychelles is the most developed African country. However, it sits at position 62 on the world stage. The country consists of 115 islands that are situated about 1500 Km to the East of the East African coastline. As an economy that once relied on plantation farming, Seychelles has positioned itself as a leading tourist destination in Africa. This country with the highest HDI in Africa also depends on other major sources of income include fishing, boat building, printing, and processing of agricultural products such as vanilla, coconuts, sweet potatoes, poultry, and beverages, among others.