Here are 7 Developed Countries on the African Continent
- http://www.gomuda.com/
4. Egypt
Piramid Mesir.
- Pixabay
Egypt recorded a GDP of US$394 billion, up slightly from last year's US$361 billion. The increase in GDP of Africa's third most populous country comes from its growing information and communication technology sector. Other sectors that support Egypt's GDP are oil and gas exports, tourism, trade, infrastructure and property.
5. Angola
This country is located in the South West African region with a fairly large land area, even exceeding Kalimantan. Angola's economy is quite advanced because it relies on bauxite, copper, gold and iron ore. Besides the iron ore and gold, there are uranium reserves such as in Indonesia.
6. Algeria
Algiers, Algeria.
- Businessinsider.com
According to IMF data, Algeria's GDP in 2021 will reach US$151 billion. This number increased slightly compared to 2020 of US $ 144 billion. However, when compared to the GDP in 2019 which reached US$171 billion, this year's GDP declined quite sharply.
Algeria's GDP relies on oil and gas sources. The oil and gas sector generates almost 60 percent of state revenue.
However, other sectors also have an important role in increasing the country's GDP. Apart from oil and gas, other sectors that have an important role include industry, services, and agricultural construction.
7. Morocco
The IMF noted that Morocco's GDP this year reached US$ 124 billion. This GDP figure increased dramatically compared to last year which was only US$ 13 billion. Morocco is an African country that does not depend on the oil and gas sector to improve the country.
Instead of the oil and gas sector, the economy is mostly managed by the mining and manufacturing sectors. Morocco is known as the third largest phosphorus producer in the world. Other sectors that also support the increase in GDP are agriculture, industry, and tourism.
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