{"id":125197,"date":"2016-05-31T14:17:01","date_gmt":"2016-05-31T12:17:01","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=125197"},"modified":"2016-05-31T14:17:01","modified_gmt":"2016-05-31T12:17:01","slug":"the-richest-and-poorest-countries-in-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/125197\/the-richest-and-poorest-countries-in-africa\/","title":{"rendered":"The richest and poorest countries in Africa"},"content":{"rendered":"<p>New World Wealth has released its W10 report, showing the 10 richest countries in the world.<\/p>\n<p>The wealth analyst also reveals the wealthiest and poorest countries in Africa per capita.<\/p>\n<p>NWW ranks the top 10 countries in the world by \u201ctotal individual wealth\u201d held &#8211; namely the private wealth held by all the individuals in each country.<\/p>\n<p>It includes all their net assets (wealth), including all property, cash, equities and business interests.<\/p>\n<p><strong>Read: <a href=\"http:\/\/businesstech.co.za\/news\/columns\/123335\/south-africas-economy-sinks-to-third-largest-in-africa\/\" target=\"_blank\">South Africa\u2019s economy sinks to third largest in Africa<\/a><\/strong><\/p>\n<p><strong>Countries ranked by total individual wealth in 2015:<\/strong><\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"10%\">#<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"50%\">Country<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"40%\">Total wealth (US$ billions)<\/th>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>United States<\/td>\n<td>48 700<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>China<\/td>\n<td>17 300<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Japan<\/td>\n<td>15 200<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Germany<\/td>\n<td>9 400<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>United Kingdom<\/td>\n<td>9 200<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>France<\/td>\n<td>7 600<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>India<\/td>\n<td>5 200<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>Italy<\/td>\n<td>5 000<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>Canada<\/td>\n<td>4 800<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>Australia<\/td>\n<td>4 500<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>New World Wealth noted that Australia&#8217;s ranking is impressive considering it only has 22 million people living there.<\/p>\n<p>India only makes the W10 due to its large population, as on a per capita basis, the country is extremely poor.<\/p>\n<p>Perhaps unsurprisingly, China is the fastest growing W10 country over the past 15 years (2000 \u2013 2015), while India has also shown strong growth, overtaking Italy in the past year.<\/p>\n<p><strong>Wealthiest people in the world<\/strong><\/p>\n<p>NWW also ranks all known countries by average wealth per person (wealth per capita). As reflected, small tax havens such as Monaco and Liechtenstein top the list.<\/p>\n<p>The UK also features high on the list due to the high value of real estate in the country.<\/p>\n<p><strong>Countries ranked by per capita wealth in 2015<\/strong><\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"10%\">#<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"50%\">Country<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"40%\">Wealth per capita (US$)<\/th>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Monaco<\/td>\n<td>1 525 000<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Liechtenstein<\/td>\n<td>620 000<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Switzerland<\/td>\n<td>285 000<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Australia<\/td>\n<td>204 000<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Norway<\/td>\n<td>200 000<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Luxembourg<\/td>\n<td>181 000<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>Singapore<\/td>\n<td>158 000<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>United States<\/td>\n<td>150 000<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>United Kingdom<\/td>\n<td>147 000<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>Sweden<\/td>\n<td>146 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>The high average wealth of people living in Monaco reflects:<\/p>\n<ul>\n<li>Its tax haven status \u2013 people living in Monaco pay no income tax. This attracts wealthy people to move there and also promotes business formation in the country.<\/li>\n<li>Offshore center \u2013 Monaco operates as an offshore center for the European wealth sector, which brings a large number of wealthy financiers to the country.<\/li>\n<li>High proportion of multi-millionaires \u2013 approximately 2,200 of Monaco\u2019s 40,000 residents are worth <strong>over US$10 million.<\/strong><\/li>\n<\/ul>\n<p><strong>Top 20 in Africa<\/strong><\/p>\n<p>Looking at Africa, Mauritius is by far the richest on a per capita basis with $21,700 averaged per person.<\/p>\n<p>South Africa ranks second with $10,300 which is down from $11,000 a year ago, and is closely followed by Namibia with $10,200.<\/p>\n<p><strong>African wealth per capita in 2015<\/strong><\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"10%\">#<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"50%\">Country<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"40%\">Wealth per capita\u00a0(US$)<\/th>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Mauritius<\/td>\n<td>21 700<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>South Africa<\/td>\n<td>10 300<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Namibia<\/td>\n<td>10 200<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Botswana<\/td>\n<td>8 400<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Gabon<\/td>\n<td>8 100<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Algeria<\/td>\n<td>6 200<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>Morocco<\/td>\n<td>5 800<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>Egypt<\/td>\n<td>4 400<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>Angola<\/td>\n<td>3 800<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>Ghana<\/td>\n<td>2 000<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td>Kenya<\/td>\n<td>2 000<\/td>\n<\/tr>\n<tr>\n<td>12<\/td>\n<td>Cote d&#8217;Ivoire<\/td>\n<td>1 700<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>Nigeria<\/td>\n<td>1 400<\/td>\n<\/tr>\n<tr>\n<td>14<\/td>\n<td>Zambia<\/td>\n<td>1 200<\/td>\n<\/tr>\n<tr>\n<td>15<\/td>\n<td>Tanzania<\/td>\n<td>1 100<\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>Uganda<\/td>\n<td>900<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>Mozambique<\/td>\n<td>800<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>Ethiopia<\/td>\n<td>500<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>Congo<\/td>\n<td>400<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>Zimbabwe<\/td>\n<td>200<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>On a wealth per capita basis, the fastest growing countries in Africa during the past 15 years (2000 \u2013 2015) have been Angola and Ghana.<\/p>\n<p>Notably, Zimbabwe was the only African country to experience a decline in per capita wealth during the 15 year period.<\/p>\n<p>During the past 8 years (since 2007), the fastest growing countries in Africa were Mauritius, Ethiopia, Ivory Coast and Kenya, New World Wealth said.<\/p>\n<h3 class=\"my-4\">More on wealth<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/finance\/125103\/which-african-country-is-next-in-line-to-overtake-south-africa\/\" target=\"_blank\"><strong>Which African country is next in line to overtake South Africa?<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/wealth\/102461\/the-richest-countries-in-the-world\/\" target=\"_blank\"><strong>The richest countries in the world<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/general\/118662\/south-africa-vs-the-richest-countries-in-the-world-in-2016\/\" target=\"_blank\"><strong>South Africa vs the richest countries in the world in 2016<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New World Wealth has released its W10 report, showing the 10 richest countries in the world.<\/p>\n","protected":false},"author":10,"featured_media":448,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[9880],"tags":[26,6440],"class_list":["post-125197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-new-world-wealth"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=125197"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125197\/revisions"}],"predecessor-version":[{"id":125217,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125197\/revisions\/125217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/448"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=125197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=125197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=125197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}