Mauritians are the wealthiest individuals in Africa with an average wealth of US$25,700 per person, whilst people living in Zimbabwe are the poorest with US$200 per person. Interestingly, North African countries such as Algeria, Egypt and Morocco all rank high on the list despite recent instability, see table. This was revealed in AfrAsia Bank and New World Wealth ‘AfrAsia Bank Africa Wealth Report 2017‘.
Note: “wealth per capita” refers to the average wealth of a person living in each country. It excludes government held wealth.
It should be noted that all these figures are below the global average of US$27,000. Top ranked worldwide countries such as Switzerland and Australia have wealth per capita’s of over US$200,000.
Other key findings from the report at the end of 2016 include:
Growth rate trends: