ADVERTISEMENT
These are the top 5 poorest countries in Africa at the moment
According to FocusEconomics Consensus Forecast for 2018 nominal GDP per capita, factors such as authoritarian regimes, political turmoil, weak institutions, corruption contributed to Africa woes.
ADVERTISEMENT
Recommended articles
According to FocusEconomics Consensus Forecast for 2018 nominal GDP per capita, factors such as authoritarian regimes, political turmoil, weak institutions, corruption, inadequate infrastructure among others contributed to the woes.
The report forecasts GDP per capita from 2018 to 2022 and compares with how poor or wealthy countries are in relation to each other.
ADVERTISEMENT
The economic forecast platform said projections used include Consensus Forecasts based on the individual forecasts of over 900 world-renowned investment banks, economic think tanks and professional economic forecasting firms.
Here are the five poorest countries in Africa right now:
1. Democratic Republic of Congo
2016 GDP per Capita: $441
2018 GDP per Capita (projected): $ 468
ADVERTISEMENT
2022 GDP per Capita (projected): $ 632
2. Mozambique
2016 GDP per Capita: $383
2018 GDP per Capita (projected): $ 486
2022 GDP per Capita (projected): $ 579
ADVERTISEMENT
3. Uganda
2016 GDP per Capita: $694
2018 GDP per Capita (projected): $738
2022 GDP per Capita (projected): $898
4. Ethiopia
ADVERTISEMENT
2016 GDP per Capita: USD 884
2018 GDP per Capita (projected): USD 938
2022 GDP per Capita (projected): USD 1253
5. Tanzania
2016 GDP per Capita: USD 976
ADVERTISEMENT
2018 GDP per Capita (projected): USD 1112
2022 GDP per Capita (projected): USD 1362
Also from Business Insider Sub-Sahara Africa:
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Best live dealer casino: Top USA live casinos online
Best real money online casinos USA: Top 10 casino sites in 2024
OPEC excited about partnership with Namibia
The US loses to Russia and China in popularity across Africa
Top 10 most valuable South African brands in 2024
Africa's giants play tug of war for the top economic spot
Morocco is making giant strides to become Africa's aviation manufacturing hub
Hackers test their ransomwares in less protected regions like Africa before striking richer nations: Report
