IMF Forecasts Mauritius, Libya, Botswana, Gabon and Egypt to Be Africa's Richest Countries by 2024 While Nigeria Misses Top 10

IMF list ranks Mauritius, Libya, Botswana, Gabon, and Egypt as Africa's top 5 wealthiest countries by 2024 GDP per capita.

Nigeria, despite being Africa's largest economy, is missing from the IMF list of richest African countries.

Smaller African countries like Mauritius and Libya made the IMF list due to oil wealth and economic diversification beyond traditional sectors.

The IMF list is based on GDP per capita adjusted for purchasing power parity to allow accurate income comparisons across countries.

South Africa, Algeria, Tunisia and Morocco also make the top 10 list of wealthiest African countries based on their natural resources, manufacturing and services.