Africa's economy is currently improving at a rapid rate due to investments and industrialization, though most of the African countries are dependent on China for the inflow of goods of categories like electronics, clothing, foods, kitchenware and household items, as most of the supermarkets are flooded with Chinese items. Even simple items are not manufactured in many african countries due to lack of industrial will of the Governments. Some of the African nations opened door for foreign direct investment and industrialization. Africa is full of potential with highest shares of population and young people below 20.
Below is the list of poorer nations by 2024:
Rank | Country | Per Capita 2020 | Per Capita 2021 | Per Capita 2022 | Per Capita 2023 ($) |
---|---|---|---|---|---|
1 | Burundi | 260 | 274 | 293 | 308 |
2 | Sierra Leone | 509 | 509 | 494 | 472 |
3 | Malawi | 568 | 559 | 523 | 483 |
4 | Central African Republic | 495 | 525 | 496 | 515 |
5 | Madagascar | 478 | 507 | 522 | 540 |
6 | Somalia | 466 | 502 | 539 | 561 |
7 | South Sudan | 487 | 364 | 328 | 569 |
8 | Niger | 568 | 595 | 561 | 574 |
9 | Mozambique | 454 | 492 | 542 | 579 |
10 | Eritrea | 596 | 611 | 647 | 699 |
11 | Democratic Republic of the Congo | 536 | 603 | 660 | 704 |
12 | Chad | 653 | 697 | 743 | 755 |
13 | Liberia | 600 | 677 | 735 | 769 |
14 | Burkina Faso | 831 | 887 | 825 | 831 |
15 | Yemen | 623 | 644 | 874 | 872 |
16 | Guinea-Bissau | 839 | 918 | 857 | 874 |
17 | Mali | 864 | 918 | 858 | 876 |
18 | The Gambia | 748 | 816 | 846 | 882 |
19 | Sudan | 775 | 772 | 916 | 929 |
20 | Rwanda | 804 | 854 | 913 | 968 |
21 | Togo | 916 | 993 | 961 | 1,008 |
22 | Tajikistan | 858 | 906 | 1,015 | 1,050 |
23 | Uganda | 910 | 1,012 | 1,106 | 1,163 |
24 | Myanmar | 1,527 | 1,217 | 1,105 | 1,173 |
25 | Lesotho | 999 | 1,181 | 1,187 | 1,208 |
26 | Ethiopia | 994 | 996 | 1,098 | 1,226 |
27 | Comoros | 1,357 | 1,394 | 1,300 | 1,302 |
28 | Tanzania | 1,110 | 1,177 | 1,245 | 1,341 |
29 | Nepal | 1,159 | 1,209 | 1,293 | 1,371 |
30 | Benin | 1,291 | 1,417 | 1,367 | 1,383 |
31 | Zambia | 959 | 1,095 | 1,348 | 1,395 |
32 | Guinea | 1,015 | 1,128 | 1,346 | 1,445 |
33 | Timor-Leste | 1,443 | 1,754 | 1,793 | 1,495 |
34 | Kyrgyz Republic | 1,196 | 1,283 | 1,435 | 1,570 |
35 | Cameroon | 1,539 | 1,667 | 1,584 | 1,609 |
36 | Senegal | 1,465 | 1,607 | 1,558 | 1,639 |
37 | Kiribati | 1,520 | 1,706 | 1,673 | 1,732 |
38 | Haiti | 1,235 | 1,765 | 1,673 | 1,792 |
39 | Cambodia | 1,607 | 1,662 | 1,771 | 1,901 |
40 | Lao P.D.R. | 2,546 | 2,513 | 2,172 | 1,984 |
- | Afghanistan | 611 | n/a | n/a | $300 - $450* |
- | Lebanon | 3,589 | n/a | n/a | $640 - $1,150* |
- | Pakistan | 1,377 | 1,564 | 1,658 | $470 - $980* |
- | Sri Lanka | 3,894 | 4,016 | 3,293 | $420 - $750* |
- | Syria | n/a | n/a | n/a | $540 - $850* |
- | Ukraine | 3,778 | 4,862 | n/a | $1300 - $1,750* |
According to unctad, 46 countries are designated by the United Nations as least developed countries, they are lacking of proper market access, technical assistance and technology. Poorer nations poverty is still a huge issue with hundreds of millions living below the poverty line in these countries due to inequality of resource distribution.
Many of the african countries were colonized by European powers, there is a huge impact of colonization on Africa. World has witnessed in the last two centuries, that europe has seized the whole world in the name of trading. When they entered Africa, there main aim was to explore the minerals, later it exploited people freedom by controlling the empires. Education was one of the key area where african people has no access, besides many of the projects were executed with africans as slaves and food for work programme giving a loaf of bread a day. Europeans began to drain African natural resources including gold, diamonds, ivory, rubber, metals, palm oil and cotton. The European rule in Africa was a mixture of economic exploitation, slavery, racist subjugation and well meaning reform.
Burundi is the poorest country in the world, with a per capita of $300, followed by Sierra Leone with $472, Malawi with $483, Central African Republic(CAR) with $515, Madagascar with $540, Somalia with $560, South Sudan with $569, Niger with $574, Mozambique with $579, Eritrea with $699, DR Congo with $704 and Chad with $755. Below list is the poorest countries by 2023.
Burundi is one of the small country in Africa, gained independence in 1962, ethnically 85% are Hutu, 14% are Tutsi and 1% are Twa. Population of Burundi is 11 million, Burundi GDP is 5.497 billion and is the poorest country in the world with per capita of $308 in 2023, economy depends on Coffee, Gold, Tea and dried fruits.
Sierra Leone is a country on the southwest coast of West Africa, Its population is 8.7 million and GDP is 4.9 billion is the second poorest country in the world with per capita of $472 in 2023.
Malawi is a landlocked country in Southeastern Africa, with population of 20 million, 12.9 million of GDP. Malawi is the third poorest country in the world with per capita income of $483 in 2023, mainly economy depends on agriculture, manufacture industries and mining.
Central African Republic is a landlocked country in Central Africa, with 5.46 million people. CAR GDP is 3.4 billion, is the fourth poorest nation in the world with per capita income of $515 in 2003.
Madagascar is an island country in the Indian Ocean, its population is 28.1 million, 21.8 billion GDP and fifth poorest nation on earth with per capita $540 in 2023, economy depends on Vanilla, Nickel, Gold and precious stones.
Somalia is a country in the Horn of Africa, estimated population of around 17.1 million, 12.6 billion of GDP. Somalia is the sixth poorest country in the world with per capita GDP of $561 in 2023, economy depends on agriculture, gold and live stock.
South Sudan is a landlocked country in East Africa, estimated population of 11.5 million. South Sudan is the seventh poorest nation in the world with per capita income of $569 in 2023.
Niger is a landlocked country in West Africa, eighty percent of land lies in Sahara, estimated population of 24.4 million. Niger is the eighth poorest nation in the world with per capita income $574 in 2023, economy depends on agriculture, gold and radioactive chemicals.
Mozambique is a country located in southeastern Africa, with a population of 31.7 million. Mozambique GDP is 30.8 billion and is the ninth poorest country in the world with per capita income of $579.
Eritrea is a country in the Horn of Africa region of Eastern Africa, with approximate population of 6.7 million. Eritrea GDP is 3.6 billion, is the tenth poorest nation in the world with per capita of $699.
Democratic Republic of the Congo is a country in Central Africa, DRC is the second largest country in Africa and the eleventh largest in the world. DRC population is 108.4 million, estimated GDP of 100.8 billion, DRC is the eleventh poorest nation in the world with per capita income of $704.
Chad is a landlocked country at the crossroads of North and Central Africa. Its approximate population of 18 million, twelfth poorest country in the world with per capita of $755.
Liberia is a country on the West African coast, estimated population of 5.3 million. Liberia GDP is 5.2 billion, thirteenth poorest nation in the world with per capita of $769.
Burkina FasoBurkina Faso is a landlocked country in West Africa, approximate population of 21.9 million. Burkina Faso is fourteenth poorest country in the world with per capita income of $831, its GDP is 25.5 billion.
Yemen is a country in Western Asia, estimated population of 30.9. Yemen is fifteenth poorest country in the world with per capita of $872 and GDP is 40.9 billion.
Guinea-Bissau is a country in West Africa, approximate population of 2 million, GDP of 2.3 billion, is the sixteenth poorest nation in the world with per capita of $874.
Mali is a landlocked country in West Africa, estimated population of 21.4 million, GDP of 19.3 billion, is the seventeenth poorest nation in the world with per capita of $876.
Gambia is a country in West Africa, estimated population of 2.4 million, GDP of 2.3 billion, is the eighteenth poorest country in the world with per capita of $882.
Sudan is a country in Northeast Africa, estimated population of 47.9 million, GDP of 44.5 billion, is the ninteenth poorest nation in the world with per capita of $929.
RwandaRwanda is a landlocked country in Central Africa, estimated population of 12.9 million, GDP of 13.1 billion, is the twentieth country nation in the world with per capita of $968.
TogoTogo is a country in West Africa, estimated population of 8.4 million, GDP of 8.9 billion, is the twenty-first poorest nation in the world with per capita of $1,008.
TajikistanTajikistan is a landlocked country in Central Asia, estimated population of 9.1 million, GDP of 10.5 billion, is the twenty-second poorest nation in the world with GDP per capita of $1,050.
UgandaUganda is a landlocked country in East Africa, estimated population of 45.8 million, GDP of 52.3 billion, is the twenty-third poorest nation in the world with per capita of $1,163.
MyanmarMyanmar is a country in Southeast Asia, estimated population of 57.5 million, GDP of 63.5 billion, is the twenty-fourth country nation in the world with per capita of $1,173, country economy depends on agriculture, fishing and tourism.
LesothoLesotho is a country landlocked as an enclave in South Africa, estimated population of 2.2 million, GDP of 2.5 billion, is the twenty-fifth poorest nation in the world with GDP per capita of $1,208, economy depends on on agriculture, livestock, manufacturing and mining.
EthiopiaEthiopia is a landlocked country in the Horn of Africa, estimated population of 113.6 million, GDP of 126.1 billion, is the twenty-sixth poorest nation in the world with per capita of $1,226, economy depends on Coffee, Flowers, Gold, Zinc and oily seeds.
ComorosComoros is an independent country made up of three islands in southeastern Africa, estimated population of 850 thousand, GDP of 1.29 billion, is the twenty-seventh poorest nation in the world with per capita GDP of $1,302, economy depends on cloves, vanila and essential oils.
TanzaniaTanzania is a country in East Africa within the African Great Lakes region, estimated population of 61.7 million, GDP of 84.9 billion, is the twenty-eighth poorest nation in the world with per capita of $1,341.
NepalNepal is a landlocked country in South Asia, estimated population of 30,6 million, GDP of 42.1 billion, is the twenty-ninth country nation in the world with per capita income of $1,371.
BeninBenin is a country in West Africa, approximate population of 13.7 million, GDP of 18.2 billion, is the thirtieth poorest nation in the world with per capita of $1,383, economy depends on agriculture and cotton.
ZambiaZambia is a landlocked country at the crossroads of Central, Southern and East Africa, estimated population of 19.6 million, GDP of 28.7 billion, is the thirty-first poorest nation in the world with per capita GDP of $1,395.
GuineaGuinea is a coastal country in West Africa, estimated population of 13.2 million, GDP of 21.7 billion, is the thirty-second poorest nation in the world with per capita of $1,445.
Timor-LesteTimor-Leste is a country in Southeast Asia, approximate population of 1.3 million, GDP of 2 billion, is the thirty-third poorest nation in the world with per capita income of $1,495.
Kyrgyz RepublicKyrgyz Republic is a landlocked country in Central Asia, with an approximate population of 7 million, GDP of 10.8 billion, is the thirty-fourth poorest nation in the world with per capita of $1,570, economy depends on agriculture, gold exports and tourism.
© 2019-2025 PopulationU, Research papers on Population dynamics and Social affairs, Contact | Privacy | About | Terms |