Lesotho is the richest country in Africa, Is this true or false?

Answer: This is false statement.

Explanation:

Different ways are used to differentiate how wealthy the country is as compared to other countries.

The most common method used to determine this is by looking at the purchasing gross domestic product of the country. Purchasing GDP refers to the price value of all the goods and services received per year.

Based on the world population review using this method the top richest countries in Africa are as follows.

Egypt

Nigeria

South Africa

Algeria

Morocco.

Another method used is to look at the nominal GDP per capita.

This methods works with the overall value of the goods and services over the population; this gives an idea of how much each person in a country makes.

Based on this method Seychelles takes number one and followed by Equatorial Guinea as number two.

And the following countries.

Mauritius

Gabon

Botswana

South Africa

Namibia

Libya

From the list above one can see that Lesotho doesn't come any closer and based on the world population review it only has 3.869 GDP which put it below approximately 20 African countries.

Economy of Lesotho overview:

Lesotho is highly dependent on South Africa for most of their economic services. They agricultural production is also poor due to its vulnerability to harsh weather conditions that changes drastically every now and then.

All the goods that Lesotho uses has them imported from South Africa and almost 85% of their goods are from South Africa. Citizens of Lesotho are also dependent on the mines in South Africa in order to provide for their families so it is still struggling economically to make ends meet on its own as a country.