15 African Countries with the Potential to Develop Soon and Become a First World Nation
15. Equatorial Guinea
HDI Value: 0.650
Annual GDP per Capita Growth as of 2023: -7.90%
Insider Monkey Score: 0.2855
GDP per Capita (2024): $18,380
Equatorial Guinea takes the 15th spot on our list of the 15 African countries with the potential to develop soon and become a first world nation. The country has an HDI Value of 0.650 and an Insider Monkey Score of 0.2855.
14. Sao Tome and Principe
HDI Value: 0.613
Annual GDP per Capita Growth as of 2023: -2.40%
Insider Monkey Score: 0.2945
GDP per Capita (2024): $4,240
Located in Central Africa, Sao Tome and Principe ranks 14th on our list. This island nation is located close to the equator, and is a part of a volcanic chain with awe-inspiring coral and rock formations. With a landscape lined with beaches and rainforests, the country is full of breathtaking views.
13. The Republic of the Congo
HDI Value: 0.593
Annual GDP per Capita Growth as of 2023: -0.40%
Insider Monkey Score: 0.2945
GDP per Capita (2024): $4,740
Also known as Congo-Brazzaville, the Republic of the Congo is a central African nation fitted with rainforests reserves housing diverse wildlife. The country has an HDI Value of 0.593, ranking it 13th on our list.
12. Ghana
HDI Value: 0.602
Annual GDP per Capita Growth as of 2023: 1.00%
Insider Monkey Score: 0.306
GDP per Capita (2024): $7,160
Officially known as the Republic of Ghana, Ghana is the second most populous country in West Africa. It borders the Atlantic Ocean to the south, and lies adjacent to the Gulf of Guinea. The country had a 1.00% annual GDP per capita growth in 2023.
11. Kenya
HDI Value: 0.601
Annual GDP per Capita Growth as of 2023: 3.40%
Insider Monkey Score: 0.3175
GDP per Capita (2024): $6,980
The 11th spot on our list is held by Kenya, an East African country that shares a coastline with the Indian Ocean. With a 3.40% annual GDP per capita growth as of 2023, the country has a GDP per capita of $6,980 as of 2024.
10. Namibia
HDI Value: 0.610
Annual GDP per Capita Growth as of 2023: 2.70%
Insider Monkey Score: 1.655
GDP per Capita (2024): $12,010
With an Insider Monkey score of 1.655, Namibia ranks 10th on our list. The country is located in southwest Africa, and its western border is the Atlantic Ocean. It boasts diverse wildlife, including a substantial number of cheetahs.
9. Eswatini
HDI Value: 0.610
Annual GDP per Capita Growth as of 2023: 4.00%
Insider Monkey Score: 0.325
GDP per Capita (2024): $12,640
Located in Southern Africa, Eswatini is a landlocked country that shares a northeastern border with Mozambique and northern, western, southern, and southeastern border with South Africa. The country has a GDP per capita of $12,640 as of 2024.
8. Gabon
HDI Value: 0.693
Annual GDP per Capita Growth as of 2023: 0.30%
Insider Monkey Score: 0.3480
GDP per Capita (2024): $19,450
With an Insider Monkey Score of 0.3480, Gabon ranks eighth on our list of the African countries with the potential to develop soon and become a first world nation. As of 2023, the country's annual per capita GDP growth was 0.30%.
7. Morocco
HDI Value: 0.698
Annual GDP per Capita Growth as of 2023: 0.20%
Insider Monkey Score: 0.350
GDP per Capita (2024): $10,950
Morocco is a North African country that shares a border with the Meditterranean Sea and the Atlantic Ocean. The country's culture is infused with Arabian, Berber, and European influences. It ranks seventh on our list with an HDI Value of 0.698.
6. Cabo Verde
HDI Value: 0.661
Annual GDP per Capita Growth as of 2023: 4.20%
Insider Monkey Score: 0.3515
GDP per Capita (2024): $10,300
Cabo Verde's GDP per capita is $10,300 as of 2024 and increased by 4.20% in 2023. The country ranks sixth on our list with an Insider Monkey Score of 0.3515 and a HDI Value of 0.661.
5. South Africa
HDI Value: 0.717
Annual GDP per Capita Growth as of 2023: -0.30%
Insider Monkey Score: 0.3570
GDP per Capita (2024): $16,420
As its name implies, South Africa is located on the southern-most tip of the African continent. The country has a population of 59.89 million people as of 2022, according to estimates by the World Bank. It has an Human Development Index Value of 0.717, ranking it fifth on our list.
4. Botswana
HDI Value: 0.708
Annual GDP per Capita Growth as of 2023: 1.00%
Insider Monkey Score: 0.3590
GDP per Capita (2024): $20,100
Botswana takes the fourth spot on our list of the 15 African countries with the potential to develop soon and become a first world nation. The landlocked country lies in Southern Africa, and has a GDP per capita of $20,100 as of 2024. It has an Insider Monkey SCore of 0.3590.
3. Algeria
HDI Value: 0.745
Annual GDP per Capita Growth as of 2023: 2.50%
Insider Monkey Score: 0.3850
GDP per Capita (2024): $16,480
Algeria underwent a 2.50% increase in its annual GDP per capita in 2023, bringing its GDP per capita to $16,480 in 2024. Officially known as the People's Democratic Republic of Algeria, Algeria is located in North Africa's Maghreb region. It ranks third on our list with an Insider Monkey Score of 0.3850.
2. Seychelles
HDI Value: 0.802
Annual GDP per Capita Growth as of 2023: 3.30%
Insider Monkey Score: 0.4175
GDP per Capita (2024): $43,150
Seychelles is made up of 115 islands scattered in the Indian Ocean, off the East African coast. It is the smallest country in Africa as well as the least populated sovereign country in the continent, with a population of 100,600 as of 2022, according to World Bank estimates. The country houses numerous natural reserves, scenic beaches, and coral reefs, along with rare wildlife such as the giant Aldabra tortoises.
1. Mauritius
HDI Value: 0.796
Annual GDP per Capita Growth as of 2023: 7.10%
Insider Monkey Score: 0.4335
GDP per Capita (2024): $32,090
Mauritius ranks first on our list of the 15 African countries with the potential to develop soon and become a first world nation. This East African island nation lies in the Indian Ocean around 2,000 kilometers off the southeastern coast of the region, located east of Madagascar. Famous for its scenic lagoons, clear beaches, and reefs, the country has a mountainous landscape with waterfalls, rainforests, and hiking trails. Mauritius also houses rare wildlife, including the flying fox. It has a population of 1.263 million people as of 2022, according to estimates by the World Bank. The country is one of the most stable economies in Africa, and holds a 4.9% projected real GDP change in 2024, according to IMF. Its GDP has been on an upward trajectory since 2020 and is expected to continue increasing well until 2030. It currently stands at $16.36 billion as of 2024.
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