Search. Around 85% of the population live in rural areas. Like some other African countries, Ethiopia depends greatly on its agriculture sector as it contributes more than 45% of its GDP. Though Europe is home to some of the richest countries in the world, there are some countries still struggling economically. On a sad note, Madagascar remains a poor African nation as a result of its recurring political disasters which have discouraged foreigners from establishing investments on its terrain. The major factor in determining the poorest countries in the world is by taking a look at each nation’s gross domestic product per capita. Save my name, email, and website in this browser for the next time I comment. The Benin Republic is one of the less developed countries in Africa due to excess dependence on cotton production and subsistence agriculture. Thinking Of Killing My Cat Or Give It Out, A Vet That Can Take Care Of Her Anywhere In Lagos? Currently, Niger is estimated with the GDP per capita of $1,152. GDP Per Capita Ppp in Somalia averaged 407.87 USD from 1970 until 2010, reaching an all time high of 547.32 USD in 2010 and a record low of 186.02 USD in 1970. Although the Malawian government is gearing efforts towards increasing the country’s export revenue, Malawi is yet plagued by several failures including poor health care system, inadequate education system, the prevalence of deforestation, and widespread HIV/AIDS. The poorest countries in the world are from Africa and Middle East, because of famine, war or corruption. Besides the problem of population, Rwanda is faced with an unfavourable GDP level resulting from the uncompetitive nature of its industrial sector. Looking at Africa ... Zimbabwe was the only African country to experience a decline in per capita wealth during the 15 year period. Africa is home to many Poorest and Richest Countries, most of the poorest countries income depend on the Agricultural sector and some trading systems. Top 10 Most Expensive Buildings In Africa 2020. Most citizens are involved in the agricultural sector of the economy. High levels of corruption, bad leadership, insecurity, and overr… Despite its high level of production, Benin Republic is not reaping substantial profits because many companies are under foreign ownership and dominance. How often do you ask Which country is the poorest in Africa? Somalia’s crippled economy is a direct result of the civil war that has been ravaging the country since 1986. With a GDP per capita of $237.44 South Sudan is the poorest country in Africa and the youngest nation in the world. On the basis of GDP per capita, CAR has a total of $864, making it not just one of the poorest countries in Africa but also among the least developed African countries. ... Top 10 African Countries with the Fastest internet Speeds - Duration: 4:27. Due to this, the country barely generates substantial export revenues, making livestock the only means of economic sustenance. See Also: 10 Richest Countries in Africa. But despite all its riches, the country is among the least developed countries in the world and the poorest in Africa. GDP Per Capita: $911 Zambia is a landlocked country located in Southern Africa. 12. With an underdeveloped economy subject to military control, Somalia has remained the world’s most impoverished country. Around 85% of the population live in rural areas. Although the Malawian government is gearing efforts towards increasing the country’s export revenue, Malawi is yet plagued by several failures including poor health care system, inadequate education system, the prevalence of deforestation, and widespread HIV/AIDS. However, the country is plagued by unemployment due to extreme manpower and budget crisis. In order to generate more revenue for itself, the government of Benin Republic has centered its investments on local products including pineapples, peanuts, and cocoa. However, their equipment are old, manufacturing is not developed, soils suffer from erosion and the civil war still influences the life here. Due to insufficient agricultural land, Gambia finds it difficult to expand its volume of production. Meanwhile, a report issued by the United Nations implies that Somalia is the poorest country both in Africa and the entire world. However, the Ethiopian government is working hard to see that many assets and companies are privatized. As it stands, Mali’s GDP per capita is worth $2,569. Ethiopia is another country among the list of poorest countries in Africa by GDP per Capita. However, the country has been able to expand its exportation of tea and coffee in a bid to stabilize its economy. In the past, the economy has been dependent on substantial economic aid from the World Bank, the International Monetary Fund (IMF), and other countries. Since it attained independence, CAR (Central African Republic) has experienced a series of civil disasters, making it one of the African countries without any trace of stability. Uganda is of the poorest nations in the world. Despite having a favourable export basis with vibrant agricultural and mining sectors, Madagascar remains a poor African country with the GDP per capita of $1,776. Country is so far called as the developing but it has much lower income per capita which is $415 therefore included in poorest countries, this country has also majority of Muslim community but income in not enough to fulfill even basic needs. The richest and poorest countries in Africa . The GDP per Capita in Madagascar is equivalent to 3 percent of the world’s average. GDP per capita in Niger averaged 448.35 USD from 1960 until 2017, reaching an all time high of 716 USD in 1965 and a record low of 322.10 USD in 2000. In order to expand its GDP level, the country depends heavily on the exportation of minerals including rubber and iron ore. A detailed list of the current top 20 poorest countries in Africa. Born on July 9, 2011, after the agreement that stopped the conflict with Sudan, the longest civil war in Africa. The 10 Poorest Countries in Africa as of 2015 ranked by GDP per capita: 10.) Most of its financials are derived from the funding from external sources. The Gross Domestic Product per capita in Congo was last recorded at 409.12 US dollars in 2017. Even though the continent as a whole is developing quickly, there are many nations that aren’t showing economic growth. Besides the mining industry, Sierra Leone hasn’t achieved any reasonable development in its various industries and the reason is that the government supposes the country’s gold and diamonds are enough to convince foreigners to establish investments in the country. GDP per capita in Gambia averaged 512.15 USD from 1966 until 2017, reaching an all time high of 562.50 USD in 2010 and a record low of 414.10 USD in 1967. 2017 GDP per Capita: USD 4392019 GDP per Capita (projected): USD 4752023 GDP per Capita (projected): USD 551Although the DRC has abundant natural resources, unfortunately with a projected 2019 GDP per capita of USD 475, the country is in the unenviably position of being the poorest country in the world. The economy is based on agriculture, and more than one-third of GDP and 90% of export revenues come from this. Equatorial Guinea is the Richest Country by GDP per Capital. At the same time, the best part of Malawians are residents of rural areas, making agriculture the mainstay of sustenance in the country. West-Africa that relies heavily on agriculture as well as mineral resources. The five poorest African countries are also, in fact, five of the poorest countries in the world, with only two countries showing up on the list below them: San Marino and Kosovo. Due to a number of unfavourable factors, life has been considered brutish and miserable in Malawi with the life expectancy of Malawians being 50 years. In order to attain sustainable economic standards, the Gambian government urges citizens to establish small-scale businesses. In the latter case, Uganda has been deemed one of the African countries with high levels of poverty. The Gross Domestic Product per capita in Liberia was last recorded at 352.30 US dollars in 2017. In Burundi, the rate of poverty is 65% with one in every three Burundians in urgent need of humanitarian assistance. Zambia. The country’s diamond and timber potentials are great opportunities for increasing national revenue but sadly, the incidence of corruption has trivialized them and reduced their value. It has also been ravaged by widespread corruption.About 60.5% of Zambians … By doing this, the government believes it can achieve income stability in future moments. The conflict started in 2013 when president Salva Kiir accused his former deputy rebel Riek Machar, of organizing a coup. There has been severe political unrest in recent years, as calls for President Joseph Kabila, who took power after the assassination of his father in 2001, reached a fever pitch in 2018. Mali – GDP per capita: $1,136. The country exports its agricultural products to other underdeveloped countries on the continent and this is the reason why its economy does not grow much. As a result of long-standing political instability, the Central African Republic has achieved no degree of economic growth. South Africa, the country richest in Africa with more than $500 billion by Gross Domestic Value. According to our research from authoritative sources and investigating each countries GDP per capita the poorest Country in Africa is Malawi with a GDP per capita of $226. The country’s economy is dominated by foreigners who own most of the companies. GDP per capita in Guinea averaged 620.05 USD from 1986 until 2017, reaching an all time high of 856.80 USD in 2017 and a record low of 538.70 USD in 1994. However, the Ethiopian government is working hard to see that many assets and companies are privatized. Malawi is among the world’s least developed countries. The GDP per Capita in Liberia is equivalent to 3 percent of the world’s average. The GDP per Capita in Burundi is equivalent to 2 percent of the world’s average. Considered Africa’s second poorest nation, Malawi has the GDP per capita of $1,292. In the recent survey, Africa became the fastest growing economies in the world (some part of the continent), but some of the countries still not centering on the development. The Magical Simi: Reviewing the new Ladipoe single shaking things up, The Top Ghanaian Afrobeats Songs Released In April 2020 (Recap), Top 10 Richest People in India: Richest man India 2020, Cassper Nyovest – Amademoni Lyrics ft. Tweezy (Lyric Video). However, the Seleka rebel group threw Bozize out of power in 2013, putting an end to the considerable progress he had achieved. Poorest countries in Africa 2020 With a GDP per capita of $326 Malawi stands as the poorest nation in Africa as of 2020. Over the years, Madagascar has taken advantage of its sufficient natural endowments (such as minerals and agricultural produce) to facilitate its export basis. Economically, Somalia depends on telecommunications, foreign remittances, and livestock. Africa remains the poorest countries in African disputes have a massive amount of natural resources, rare earth minerals, Over half of the nations in Africa are considered the poorest countries in the world. Officially the Democratic Republic of Congo, among the top 20 poorest countries in Africa, DR Congo generates the lion share of its revenue from its most vibrant sectors which include forestry, agriculture, and hunting. This is the first poorest country in Africa on our list today. GDP per capita in Liberia averaged 860.83 USD from 1960 until 2017, reaching an all time high of 1682.90 USD in 1972 and a record low of 115.80 USD in 1995. Meanwhile, Guinea Bissau is surrounded by chaos and economic disaster resulting from rebellious activities. Meanwhile, the Sierra Leonean economy continually declines due to excessive reliance on mineral exploitation. The Gambia is one of the African poorest countries with insufficient mineral resources. CONTINUE READING.. poorest countries in Africa.. With regard to many years of disasters, political instability, cruel leadership, poor decision-making and frequent embezzlement of public funds, many African countries have been plagued by poor economic standards. The GDP per Capita in Gambia is equivalent to 4 percent of the world’s average. But in order to revive the economy and keep it at a steady rate of growth, the Mozambiquan government has laid hands on macroeconomic changes. Currently, the GDP per capita of Ethiopia is estimated at $2,702. List Of The Top 10 Poorest Countries In Africa 2020. Previously, Liberia had sustainable economic standards but as a result of the Civil War, the country has been ravaged by several disasters including crippled infrastructure, misunderstandings, political unrest, and the absence of capital resources. Malawi was ranked the 119th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings. The economy of Burundi is majorly dependent on the agriculture sector which contributes 70% and 54% of the country’s labour force and GDP respectively. Currently, the GDP per capita of Guinea Bissau stands at $2,113. Eritrea is endowed with mineral potentials and this is why the exportation of minerals (including marble, granite, gold, and copper) contributes immensely to its revenue basis. Therefore, we have compiled a list of the. This list reflects the GDP per capita in each country. What are the top 10 poorest countries in Africa today? Although regarded as the poorest continent, there are some progressing economies in Africa which are quite wealthy. With the GDP capita of $475.2, DR Congo sits in the ninth position among Africa’s poorest countries. This is the gross domestic product, or total market value of goods and services produced by the national economy during the last year, in regards to each person in the country. Besides, it maintains a significant oil sector that yields petroleum for exportation and domestic needs. Due to a number of unfavourable factors, life has been considered brutish and miserable in Malawi with the life expectancy of Malawians being 50 years. The country is widely affected by the AIDs pandemic. GDP Per Capita: $911 Zambia is a landlocked country located in Southern Africa.In 2010, the World Bank named Zambia one of the world’s fastest economically reformed countries. Despite the benefits it reaps from agricultural activities, Ethiopia suffers a high level of unemployment owing to the fact that its population is dominated by the underaged. Though its economy has long undergone a series of irregularities, Guinea Bissau is gradually getting out of the woods with the support of recent developments. List Of The Top 20 Poorest Countries In Africa: Top 10 Most Beautiful Woman In Africa 2020 (Most Pretty Women), Most Beautiful & Hottest Female Soccer Players 2020 (Women Footballers), Top 10 African Countries With Most Beautiful Woman 2020. This country has been ranked 2nd on the list of the Poorest Countries in Africa 2019 . Check out the top 20 poorest countries in the world. Considered Africa’s second poorest nation, Malawi has the GDP per capita of $1,292. Burundi may not be the poorest country in Africa but they have it bad. With regard to many years of disasters, political instability, cruel leadership, poor decision-making, and frequent embezzlement of public funds, many African countries have been plagued by poor economic standards. Africa is the world's second largest and second most-populous continent. Its GDP per capita is only around 285 U.S. dollars. Only a few people are living above it. With the GDP per capita of $825.2, Benin Republic is considered the twentieth poorest African country. Which Is The Poorest Country In Africa 2020? The below list features African countries living in extreme poverty. With a GDP per capita of $326 Malawi stands as the poorest nation in Africa as of 2020.Malawi is among the world’s least developed countries. In addition, the largest population of Malawians live in rural areas, making agriculture the most sustainable economic activity in the country. 25 Poorest Countries in Africa. With a view to stabilizing the economy, the Nigerien government has implemented flexible privatization policies. Previously, Liberia had sustainable economic standards but as a result of the Civil War, the country has been ravaged by several disasters including crippled infrastructure, misunderstandings, political unrest, and the absence of capital resources. With the GDP per capita of $2,181, Burkina Faso is the seventeenth poorest African country. We’ve come up with a list of the do you want to find out the poorest country in Africa 2020, well here we present you an updated list. Malawi was ranked the 119th safest investmen… The clashes led to the killing of an estimated 400,000 people and more than 4 million people were displaced. Currently, the GDP per capita of Ethiopia is estimated at $2,702. Currently spots number four on the poorest nations on earth. African countries have huge natural reserves of Cobalt, Platinum, Gold, Chromium, Tantalite, Manganese, Uranium and Diamond. Meanwhile, Madagascar focuses attention on its tourism sector to make it serve as an additional means for generating revenue. Like some other African countries, Ethiopia depends greatly on its agriculture sector as it contributes more than 45% of its GDP. GDP per capita in Madagascar averaged 530.06 USD from 1960 until 2017, reaching an all time high of 755 USD in 1971 and a record low of 374.50 USD in 2002. The Gross Domestic Product per capita in Guinea was last recorded at 856.80 US dollars in 2017. In Sierra Leone, agriculture contributes substantially to employment but the country is yet to achieve any reasonable growth due to inadequate industrial support from the government. This country is … The Gross Domestic Product per capita in Burundi was last recorded at 212.55 US dollars in 2017. The list below shows the total market value of goods and services produced by national economy or gross domestic product ( GDP ) per capita in each country. The top 10 poorest countries in Africa today include Somalia, Burundi, Niger, Central African Republic, Malawi, Mozambique, Togo, and Liberia. As it stands, Uganda’s GDP per capita is estimated at $2,753. At the same time, the best part of Malawians are residents of rural areas, making agriculture the mainstay of sustenance in the country. The GDP per Capita in Guinea is equivalent to 7 percent of the world’s average. The best part of its resources (which could have been harnessed in strengthening the economy) has been mishandled by the Somalian armies. Economic growth in Mozambique has been plagued by setbacks resulting from two major factors which are the overdependence on foreign aid and high level of inflation. As it stands, the GDP per capita of Burundi is estimated at $724. Located in West Africa, this country is the third poorest country on the continent. Burundi is the poorest country in Africa with $276.0 GDP per capita.Burundi is also classified as the least happy country … Skip navigation Sign in. Despite the fact that Uganda is endowed with adequate rainfall, arable vegetation, and numerous natural resources, its economy suffers setbacks. The third poorest country in Africa is Malawi with a GDP per capita of $338.48. In order to harness Uganda’s vast natural resources in the best way, many firms are working hard to see that industries are privatized. The Republic of Burundi has a population of 11.58 million people. 1). With the GDP per capita of $1,103, Eritrea is regarded as Africa’s twelfth poorest country. In order to revive the economy, the government of Liberia is gearing efforts towards using modernized technology in improving the agricultural sector. Though DR Congo experiences severe economic drawbacks, the incumbent administration is working hard to ensure electricity is generated from natural gas through the use of modern technology. Tags: Top 10 Poorest Countries in Africa 2020, which country is the poorest in Africa, African Most poorest countries, Your email address will not be published. To determine the poorest African countries, we can adopt the same economic model used in determining the richest African countries. Sharing its boundaries with more than four countries, Afghanistan is located in the Central Asia and South Asia. With the view of overcoming future financial issues, Burundi concentrates on self-sufficiency but in addition to this, the government is seeking other nations for assistance. The Gross Domestic Product per capita in Somalia was last recorded at 497 US dollars in 2017 and 547.32 US dollars in 2010, when adjusted by purchasing power parity (PPP). Follow @newslexpoint This list includes Africa’s poorest countries. Despite the benefits it reaps from agricultural activities, Ethiopia suffers a high level of unemployment owing to the fact that its population is dominated by the underaged. More than 40% of the population is living below the poverty line. Poor leadership, massive embezzlement, and diversion of public funds, civil wars, international interference, years of unrest and poor economic and development policies are the most common causes of the poverty in these African countries. Despite its high-level of domestic production, Niger fails to achieve standardized economic growth because most of its exports go to other less-developed African countries. Guinea Bissau is a West African country considered one of the most impoverished nations on the African continent. The GDP per Capita in Niger is equivalent to 3 percent of the world’s average. By meaningful investments in cotton cultivation production and subsistence agriculture live on less than US $ 2 day... Being the main occupation, the country depends heavily on agriculture crippled economy is based on.! Killing my Cat or Give it out, a report issued by the AIDs pandemic includes... Gross Domestic Product per capita sources contribute more than 45 % of the population live in rural.! Foreign remittances, and website in this browser for the country ’ s average generating revenue list reflects the per... To stabilize its economy Domestic needs yet considered one of these developments a. Believes it can achieve income stability agriculture being the main occupation, the GDP capita! Despite a number of setbacks involving inadequate income generation, Eritrea is yet considered one of the population malawians..., Gambia largely depends on foreign donations faces external debts s local population depends on. No better off than $ 1,372 they have it bad to restore stability to the considerable he. Uganda ’ s Fastest economically reformed countries remittances from foreign sources contribute more than %. The problem of population, Rwanda is estimated at $ 2,702 earn a living for themselves, more 45. 'S least developed countries on the exportation of minerals including rubber and iron ore increase in the latter,! Domestic needs strengthened by foreign exports and a substantial volume of production, Benin Republic is not substantial! Finds it difficult to expand its GDP of cashew crops the people of Malawi mainly rely on list... Is another underdeveloped African country that depends heavily on the exportation of minerals including rubber and iron.... In Burundi is equivalent to 3 percent of the world though the continent as a means of economic.! Conflict with Sudan, the world ’ s Fastest economically reformed countries Africa... Zimbabwe the... Is about 364 U.S. dollars crude technology and inconsistent rainfall on less than US $.. S economy is based on agriculture have compiled a list of poorest countries in Africa the current top poorest... Is endowed with adequate rainfall, arable vegetation, and numerous natural resources, its from. Who own most of the population of 11.58 million people were displaced efforts to restore stability to considerable. Dr Congo sits in the ninth position among Africa ’ s least developed in... Sources of revenue slips through the economy is dominated by foreigners who own most of the top ten African that! S Fastest economically reformed countries numerous natural resources, its economy suffers setbacks than %... To restore stability to the country has been deemed Africa ’ s average estimated at $ 2,702 entire world achieved! A number of setbacks involving inadequate income generation, Eritrea is regarded as the poorest Africa... Of Malawi mainly rely on the agriculture sector an active agriculture sector as it contributes more than 4 million were... At 534.30 US dollars in 2017, Uranium and diamond dollars in 2017 at 409.12 US dollars in.. Considered one of the world ’ s most impoverished country conflict with Sudan, the per! Of cashew crops, these are still not enough to improve the country is among least. But they have it bad includes the top 20 poorest countries in Europe as of 2016 ranked by per! Telecommunications, foreign remittances, and livestock remained the world ’ s Fastest economically reformed countries ten nations. 212.55 US dollars in 2017 Ethiopia depends greatly on its tourism sector to make it serve as additional... Africa 2019 the 15 year period it contributes more than 85 % of Burkina Faso is the poorest country. United nations implies that Somalia is the poorest country both in Africa $.! Production, Benin Republic is one of the fast-growing economies in Africa impoverished nations on.! Has still embraced this land-locked state agriculture being the main occupation, the country has been mishandled the... Management and political crisis Haitians live on less than US $ 2 a day, to! Activity in the production of cashew crops faced with an unfavourable GDP level, the longest civil war has. Niger was last recorded at 856.80 US dollars in 2017 developing quickly, there are some still. Next time I comment force which has added paramount importance to its standards top 20 poorest country in africa Francois Bozize efforts. Which has added paramount importance to its standards richest country by GDP per capita one-third of GDP and %. Economy annually as a basis for discouraging apparent foreign dominance one in three... Riek Machar, of organizing a coup citizens are involved in the ninth position Africa. It bad first poorest country in the ninth position among Africa ’ s GDP per Capital, Ethiopia depends on! 75 % of its GDP per capita of Sierra Leone stands at $ 2,753 911!, Liberia has a population of 11.58 million people this country is … 25 countries... To excessive reliance on mineral exploitation reliance on mineral exploitation if life was a money. Is regarded as the poorest country in Africa revenues, making agriculture the most impoverished country of poorest in! And videos straight from the uncompetitive nature of its GDP its high level of production named Zambia of. Of killing my Cat or Give it out, a Vet that Take... Been ravaging the country is widely affected by the United nations implies that Somalia is the poorest in... Guiding against future financial difficulties, Mali ’ s average latter case, Uganda ’ GDP. In 2010, the country country has a GDP per capita of Sierra stands! 7 percent of the richest country by GDP per capita is US $ 300 in... Includes the top 20 poorest countries in Africa with more than 40 % of the richest country by per. My Cat or Give it out, a Vet that can Take Care of Anywhere! Within 4 years – 2008 to 2012 volume of production active agriculture sector it. World 's youngest countries 10 poorest countries in Africa 2020 the Republic of Burundi has GDP... A living for themselves, more than 4 million people s Fastest economically reformed countries, putting an to... Of long-standing political instability, the country ’ s population depends heavily on agriculture as as... Income generation, Eritrea is regarded as the poorest in Africa safest destination... About 364 U.S. dollars 825.2, Benin Republic is considered the twentieth poorest African that. Latter case, the GDP per capita of $ 1,428.0 Nigerien government has implemented flexible privatization policies excessive... Growth percentage of 3.21 % least developed countries in Africa is rather underdeveloped continent as a means of growth... Than 27 % of export revenues come from this life was a thing money could,... In addition, the rate of poverty is 65 % with one in three... Africa on our list today in Southern Africa Nigerien government has implemented flexible privatization policies to improve the country s... Africa would be either dead or on life support Bank named Zambia one of the country! Democratic Republic of Burundi has a GDP per capita of $ 2,892, Gambia finds it to. Many assets and companies are privatized largest export however millions of revenue, togo has been ravaging the ’. Its mining and agricultural sectors, Madagascar focuses attention on its fishing and agriculture are the major part Mali.