Africa is the world’s poorest continent. In addition, the competition isn’t extremely strong. Millions of Africans are living in abject poverty due to economic insecurity, political instability and corruption, civil unrest, and terrorist insurgencies.
23 of the 27 countries in the world currently classified by the World Bank as Low Income Economies, signifying that they are among the world’s poorest, are in Africa. Africa is also home to 21 of the world’s 55 countries classified as Lower Middle Income.
Gross domestic product (GDP) per capita and gross national income (GNI) per capita are two often used metrics to determine a country’s worth. GDP per capita is calculated by dividing the total value of all products and services generated by a country by the number of people living in that country.
GNI per capita is comparable, but it also includes any revenue derived from outside the country, such as foreign investments or commercial dealings. GDP and GNI are commonly stated in US dollars (US$) or purchasing power parity (PPP) “international dollars” (int.$), a fictional currency that facilitates cross-national comparisons. Both of these variables are strong indications of a country’s wealth—or, in this case, its poverty.
Here’s the Top 10 poorest countries in Africa;
Top 10 poorest countries in Africa
|No.||Country||GNI per Capita (Atlas Method, $US)||GNI per Capita, PPP ($Int’l.)||2022 Population|
|7.||Central African Republic||$510|
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