Libya ranked sixth on the list of the top ten African countries by GDP per capita in 2023, according to data from the International Monetary Fund (IMF).
Seychelles topped the list as the most prosperous country in Africa, with a per capita GDP of $21,580. Mauritius and Gabon followed in second and third place, with their per capita GDPs ranging between $9,000 and $11,000.
Libya and Algeria were the only Arab countries included in the top ten, with Libya's per capita GDP at $6,580. Cape Verde ranked at the bottom of the list.
Despite having the largest economy in Africa, South Africa ranked behind Botswana ($7,640), Equatorial Guinea ($6,660), and Libya, with a per capita GDP of $6,140.
It is noteworthy that the economies of several of these countries, such as Gabon, Equatorial Guinea, and Libya, are heavily dependent on oil revenues. While GDP per capita is a useful metric for comparing the prosperity of populations worldwide, it does not account for income inequality within a country.