10 Most Expensive Countries in Africa

8. Equatorial Guinea

Real GDP / GDP by PPP ratio: 0.47

5 year GDP growth rate: -7.6%

Equatorial Guinea is among the biggest oil producers in the continent of Africa and despite a higher GDP per capita than other African nations and a high level of wealth, inequality is very high in Equatorial Guinea with extreme levels of poverty. Accusations state that state funds and resources are used by politicians to fund ultra-luxury lives while “prestige projects” see hundreds of millions of dollars being wasted without success.