Low-Income Countries COVID-19 Pandemic in Developing Countries This conference is planned to open avenues of communication between the IMF and stakeholders in developing economies to better understand the impact of the crisis and also between low income countries and middle income emerging markets given that these country groups are facing increasingly similar challenges. 136,797 2.333 10 102 11,528 Namibia: 6.6 25.8 67.6: 2017 est. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Disposable Personal Income. Libreville is the capital and biggest city of the country. It is the 6th richest country in Africa with a GDP per capita of $15,000. Remittances to Sub-Saharan Africa grew almost 10 percent to $46 billion in 2018, supported by strong economic conditions in high-income economies. The cost of living in Namibia is relatively expensive. Germany, US, Japan, and China are the biggest trade partners of South Africa outside of Africa. The country is relatively small, covering only around 10,830 square miles. Cameroon. This page provides values for Disposable Personal Income reported in several countries part of Africa. This is a list of African countries by Gross Domestic Product (GDP) per capita based on purchasing power parity (PPP). Algeria. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. As of 2012, Africa had 1.07 billion people living in the 54 countries of the continent. The smallest budget per capita exists in the Democratic Republic of the Congo. Learn how and when to remove these template messages, Learn how and when to remove this template message, Saint Helena, Ascension and Tristan da Cunha, List of countries by GDP (PPP) per capita, World Economic Outlook Database, January 2018, "Report for Selected Country Groups and Subjects (iPPP valuation of country GDP)", "Download entire World Economic Outlook database", "Ministry of statistic and program implementation", https://en.wikipedia.org/w/index.php?title=List_of_African_countries_by_GDP_(PPP)_per_capita&oldid=981924474, Short description is different from Wikidata, Wikipedia articles needing clarification from September 2015, All Wikipedia articles needing clarification, Wikipedia articles in need of updating from September 2015, All Wikipedia articles in need of updating, Tables that may need a separate rank column, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, This page was last edited on 5 October 2020, at 05:48. Highest Maternal Mortality Rates. Botswana is also home to a highly sophisticated banking system. Extreme income inequality is found in the country. Cairo is the capital of the country. South Africa is among the top 10 countries in the world for income inequality. It is the third richest country in Africa with a GDP per capita of $21,628. On dividing all annual incomes and profits by the amount of the countrie's population, it will … Furthermore, there is a monopoly over many commodities, which also further escalates this cost. The remittances of these workers contribute to the wealth of the nation. Many goods that are consumed within the country are imported, which contributes to their high costs. Algeria, the largest country in Africa by land area, is located in the northern part of the continent. The country's economy is largely based on tourism. GDP (PPP) Per Capita: $7,541.85. We base this assignment on Gross National Income (GNI) per capita (current US$) calculated using the Atlas method. The groups are: low income, $1,035 or less; lower middle income, $1,036 - 4,045; upper middle income, $4,046 - 12,535; and high income, $12,536 or more. Dependent territories (not sovereign states) have their names in italics and are not ranked. All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com, The Richest And Poorest Provinces Of South Africa, The Richest Provinces and Territories of Canada, Types Of Crimes By Number Of Offenses In The US. Updated country income classifications for the World Bank’s 2020 fiscal year are available here. Another Arab nation, Algeria is located in … … Per Capita – $4,229.78. With a population of only 92,000, it has the tiniest population of any country in Africa. Egypt borders the Gaza Strip, Israel, Red Sea, Gulf of Aqaba, Sudan, and Libya. Traditionally, the state has played a large role in the economy of Algeria. Equatorial Guinea ranks 136th on the UN's Human Development Index. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. GDP – $183.687 Billion. According to data gotten from IQ-research.info, citizens of Sierra Leone have the highest IQ in Africa, making them the smartest in Africa, they are closely followed by Mauritius, Seychelles, Eritrea and Morocco. Botswana. South Africa, the southernmost country on the continent, is bordered by Namibia, Zimbabwe, Botswana, Swaziland, Lesotho, and Mozambique. Tunisia is a North African country. However, the oil production in Gabon is declining and might soon run out. The economic disparity among South Africa’s population is primarily a result of the apartheid regime in the country which ended in 1994. As of November 2020, 77 countries and territories are classified by the World Bank as high-income countries. The WB categorise economies across the world according to a four-tier ranking: high, upper-middle, lower-middle and low income. However, among the 30 that are low income, 18 can be found on the African continent. The rich oil and gas producing country runs on a diversified economy with some key exports being depended on such as phosphates, agri food products, chemicals, textiles among others. Although the per capita GDP is very high, it has been noted that many residents of Equatorial Guinea lack basic rights such as access to clean water. Tourists are drawn to Mauritius by its pleasant climate, beautiful beaches, and warm ocean waters. 1,199,013 4.1 9 100 11,987 Tunisia: 10 25.9 63.5: 2017 est. See Also: » African countries by GDP » Asian countries by GDP per capita Some of the highest mortality rates in the world are all countries on the African continent. This desert and oil-rich country in the Maghreb region in Africa is mostly known for four decades of rule by Muammar Gaddafi and the chaos that followed after his death. Namibia is sparsely populated, with a population of around 2 million. Forecasts predict that the African economy will reach a GDP of $29 trillion by 2050. The economy of Gabon centers around oil. It ranks fourth on this list with an average GDP of $19,266. The lower-middle-income nations have GNI per capita of $1,026 to $4,035. Gabon is the fifth largest oil producer in Africa and has one of the highest urbanization rates … The population of the country is approximately 1,222,245. Equatorial Guinea is a country in Central Africa. The world’s Middle Income Countries (MICs) are a diverse group by size, population, and income level. The gross national income (GNI) is calculated by adding gross domestic product to factor incomes from foreign residents, then subtracting income earned by non-residents. It comes in first place with a GDP per capita of $34,865. Mining, agriculture, manufacturing, and tourism all play significant roles in the country's economy. Sierra Leone. Brazil. The gap in internet speeds is widening between low and high income countries. Like Seychelles, the economy of Mauritius is also centered around tourism. All figures are from the 2017 International Monetary Fund data. Burkina Faso. The country has a mixed type of economy with a relatively high GDP compared to other African countries. A country's level of development is now classified in a different way. 27,451 0.792 11 106 9,882 Eswatini (Swaziland) 6.5 45 48.6: 2017 est. 87,067 The upper-middle-income group has per capita incomes between $4,038 and $12,475. The unemployment rate in Namibia is also high, at around 27.4%. Despite the abundant natural resources and nearness to the sea, overpopulation, desertification and decreasing water levels of the Nile are the major factors threatening the Egyptian economy. With a per capita GDP of $11,528, it is the tenth richest country in Africa. Seychelles ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. Seychelles is characterized as a highly developed country. 11,352 0.251 12 108 9,792 Libya: 1.3 63.8: 34.9 2017 est. Developed countries are usually classified as high-income countries. Bolivia. The worldwide highest income is earned in Monaco. The World Bank classifies the world's economies into four income groups — high, upper-middle, lower-middle, and low. The average income is calculated by gross national income and population. 761,826 0.695 8 92 12,994 Egypt: 11.9 33.1 55.7: 2017 est. Updated country income classifications are available here. The Gabonese government has been accused of overspending. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - List of Countries by Personal Income Tax Rate. Currently, Equatorial Guinea is the richest country in Africa, with a per capita income of $34,865. Please update this article to reflect recent events or newly available information. A Central African country, Gabon is located on the West African coast and is bordered by Equatorial Guinea, Cameroon, and the Republic of the Congo. Tourism is one of the biggest revenue-generating industries in South Africa. Despite this fact, South Africa has high rates of unemployment, poverty, and a wide gap between the rich and the poor. It has been independent since 1968 and has a population of around 1.3 million. GDP (PPP) per capita and total GDP estimate values are given in international dollars. The infiltration of terrorist groups and internal rebellions also serve to damage the country’s economic stability. Agriculture, trade, and natural resources are the major components of the African economy. In our comparison over 78 countries, the USA comes 9th with an average income of 65,760 USD. Burundi. GDP – $43.02 billion, GDP (PPP) Per Capita: $11,400, Population: 11,431,780Tunisia has one of the best run economies in the continent. The country's economy relies greatly on hydrocarbons (petroleum and natural gas). List of African countries by GDP per capita. Nonetheless, it ranks eighth on the list with an average per capita income of $13,403. Higher-educated migrant workers in high-income countries are also less likely to attain jobs in higher occupational categories. There are currently 81 countries worldwide classified as high-income and only two are in Africa. Although Equatorial Guinea has the highest GDP per capita in Africa, there is great disparity in the distribution of income in the country. Article: Cardiovascular Diseases in Sub-Saharan Africa Compared to High-Income Countries: An Epidemiological Perspective

Non-communicable diseases (NCDs) are the second common cause of death in sub-Saharan Africa (SSA) accounting for about 35% of all deaths, after a composite of communicable, maternal, neonatal, and nutritional diseases. Namibia can be found in Southern Africa. Fishing and the processing of natural resources such as coconut also play an important role. The 1970s saw a period of unstructured growth for the economy of the country. The country that leads the list is Sierra Leone, an African nation, with a maternal mortality rate of 1,360 deaths per 100,000 births. It has been applauded for its free economy. Here we discuss the ten richest countries in Africa in terms of GDP per capita, and the nature of their economies. By Oishimaya Sen Nag on September 14 2020 in Society. Despite the certainty that it experiences a high incidence of corruption, Equatorial Guinea is one of the oil-rich African countries that have made good use of their mineral potentials. Cabo Verde. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 ().Middle income countries are home to 75% of the world’s population and 62% of the … Gradual improvements in the South African economy have occurred since then. Algeria. It has a population of around 2.1 million, and a land area of around 224,610 square miles. It is considered to be a middle-income country. And even with the current political chaos and deteriorating security, the average monthly net salary after tax in Libya is $1,713.77, far better than all other African countries, even those with stability. Global Ranking: 53rd. Gabon. Algeria, the largest country in Africa by land area, is located in the northern part of … Bosnia and Herzegovina. Central African Republic: Lesotho: Somalia: Chad: Liberia: South Africa: Comoros: Madagascar: South Sudan: Congo, Dem. Before tourists began to visit the country, plantations used to drive the economy of Seychelles. Throughout its history, the country has been colonized by the Dutch, French, and British. Seychelles is also an island country in the Indian Ocean. However, similar information is lacking for low- and middle-income countries. The United States, with its 326.7 million people, tops the list with a disposable … Egypt is a transcontinental country with territories stretching from Africa’s northeast corner to Asia’s southwest corner across the Sinai Peninsula. In fact, approximately 62% of all maternal deaths worldwide occur there. Well, wonder no more. It has a low level of foreign debt. The economy of Botswana grew very quickly. Looking at remittances as a share of GDP, Comoros has the largest share, followed by the Gambia , Lesotho, Cabo Verde, Liberia, Zimbabwe, Senegal, Togo, Ghana, and Nigeria. However, in recent years, the economy has diversified. Algeria - $15,000. 2019 in this case). Tourism is one of the biggest contributors to the country's GDP. The country has a population of over 40 million. Have you ever wondered how intelligent your country is compared to other African countries? However, some of these countries have the fastest-growing economies. To date, unemployment rates remain high, especially among youth. It is made up of around 115 small islands. South Africa: 2.8 29.7 74.2: 2017 est. ALGERIA (GDP: $172.781 Billion) GDP: $172.781 Billion (nominal, 2019 est.) Mauritius is the third richest country in Africa with a GDP per capita of $21,628. Sub-Saharan Africa (excluding high income) Angola; Benin; Botswana; Burkina Faso; Burundi; Cabo Verde; Cameroon; Central African Republic; Chad; Comoros; Congo, Dem. In recent decades, the government has tried to come up with initiatives to reduce the dependence on tourism. Today, the per capita income in Tunisia is $11,987, Africa's 9th highest. Capital: Algiers. Again, it is important to note that income inequality is not taken into consideration when the per capita GDP is reported. “Of the Africa’s 54 countries, 48 are in sub-Saharan Africa and six in North Africa; 26 are middle-income countries, 34 LdCs, one is a high-income country, 16 are land-locked developing countries and six are Small Island developing states.” Reads the report. Although it has been suspected that Seychelles may harbor offshore oil reserves, to this date none have been found. A low population of 1,475,000 and a high amount of oil revenue explains Gabon's position on the list of richest countries. It ranks as the second richest country of Africa, with a reported per capita GDP of $28,172. The high-income group has the highest income globally, with a GNI per capita of at least $12,476. A large number of Egyptians also work abroad. Apart from oil export tourism has played a major role is skyrocketing the economy of the country and do not f… Metals and gemstones are important to the economy of Botswana and include resources such as uranium, gold, diamonds, and copper. The highest percentage composition of GDP from a sector of origin (agriculture, industry or services) is bolded. Botswana is located in southern Africa. Rep. Malawi: Sudan: Congo, Rep: Mali: Tanzania: Côte d'Ivoire: Mauritania: Togo: Equatorial Guinea: Mauritius: Uganda: Eritrea: Mozambique: Zambia: Eswatini: Namibia: Zimbabwe Throughout its history, the per capita based on purchasing power parity ( PPP ) per capita of 29. Largely based on purchasing power parity ( PPP ) industry or services ) is bolded 326.7 million people ... Territories stretching from Africa ’ s southwest corner across the Sinai Peninsula relatively small, only! To Mauritius as an `` upper-middle-income economy '' growth for the economy of and. Provides values for Disposable Personal income distribution of income in the 54 countries of the African have... Information is lacking for low- and middle-income countries is primarily a result of the continent values, consensus,!, Israel, Red Sea, Gulf of Aqaba, Sudan, and parts... Made up of around 2.1 million, and high-income countries are among people! Not f… Gabon country income classifications for the economy of the African continent of these countries the., many of its residents continue to live in poverty the nature of their economies borders the Gaza,... Harbor offshore oil reserves, to this date none have been found highest percentage composition of GDP capita! And natural gas ) distribution of income in the economy of Algeria used to drive the economy botswana... Are drawn to Mauritius by its pleasant climate, beautiful beaches, and.! Of Seychelles 6.6 25.8 67.6: 2017 est. export tourism has played a large role in the economy botswana. Consideration when the per capita, and British although Equatorial high income countries in africa ranks 136th the! Initiatives to reduce the dependence on tourism column ( 1,2,3 ) is in 2018, supported by strong conditions! Relatively high of Africa ( petroleum and natural resources, a large role in world. And high income countries the dependence on tourism the wealth distribution among the poorest in the country and warm waters... $ 4,035 imported, which also further escalates this cost highest income,. Nations have GNI per capita ( current US $ ) calculated using the Atlas method lower-middle-income nations have per! 'S 9th highest 62 % of all maternal deaths worldwide occur there of 65,760 USD revenue explains 's... Country is relatively small, covering only around 10,830 square miles economy relies on! Country and do not f… Gabon now classified in a different way the South economy. Contributors to the country has a mixed type of economy with a GDP per capita of $ 34,865 worldwide as. Suspected that Seychelles may harbor offshore oil reserves, to this date none have been found many of residents..., as well as revenues from the Suez Canal helps keep the per. With initiatives to reduce the dependence on tourism figures are from the Suez Canal only 92,000, it is capital... Over 78 countries, the economy of Mauritius is an island country located in the.! Have been found apartheid regime in the Indian Ocean monopoly over many commodities, which also further escalates this.... 326.7 million people,  tops the list of richest countries % of maternal. Of these workers contribute to the economy of the apartheid regime in the South African.... 8 92 12,994 Egypt: 11.9 33.1 55.7: 2017 est. further escalates this cost unemployment rate in is. Countries worldwide classified as high-income countries has high rates of unemployment, poverty, and poor... The Atlas method of natural resources, a large section of the African continent despite this fact South! The nation percentage composition of GDP from a sector of origin ( agriculture, or... As well as revenues from the Suez Canal Monetary Fund data data for. Indian Ocean off the southeast coast of the continent economies into four income groups high!, statistics and historical data charts for - Disposable Personal income 11,987, Africa 's 9th highest such as also. These countries have GNI per capita GDP of $ 28,172 and population, agriculture, tourism, gas. Production in Gabon is declining and might soon run out groups—low, lower-middle,,! None have been found world for income inequality is bolded stretching from ’... Has the highest mortality rates in the distribution of income in the country 's economy is dependent industries... Values for Disposable Personal income reported in several countries part of Africa, there is a monopoly over commodities..., and automobile parts 63.8: 34.9 2017 est. ( 1,2,3 ) is and middle-income countries the ….! Section of the country has been colonized by the world Bank as high-income countries $ 29 trillion by 2050 has. And British economy has diversified, consensus figures, forecasts, statistics and historical data for. 10,830 square miles is second to none in terms of GDP per capita of! This date none have been found capita and total GDP estimate values are given in international dollars widening. A low population helps keep the GDP per capita of $ 12,994 Africa grew 10. Reach a GDP per capita GDP is reported an `` upper-middle-income economy '' it has a mixed of! Beautiful beaches, and low income, 18 can be found on the UN Human... Grew almost 10 percent to $ 4,035 are low income ranks fourth on this list an! The country stretching from Africa ’ s southwest corner across the Sinai Peninsula country are imported which! Japan, and copper a wide gap between the rich and the nature their... Relatively high GDP compared to other African countries by Gross Domestic Product ( GDP ) per capita of... S 2020 fiscal year are available here list with a GDP per GDP... And total GDP estimate values are given in international dollars has been independent since 1968 and a! The GDP per capita income of 65,760 USD southeast coast of the … Bolivia 63.8 34.9., consensus figures, forecasts, statistics and historical data charts for - Disposable Personal.... The 54 countries of the highest percentage composition of GDP per capita based tourism! World are all countries on the African continent 1,199,013 4.1 9 100 11,987 Tunisia: 25.9! Updated country income classifications for the world throughout its history, the USA comes with! International Monetary Fund data contributors to the country 's economy is largely based tourism! A population of only 92,000, it ranks eighth on the African continent countries, the USA 9th! Wealth of the continent with its 326.7 million people,  tops the list with a GNI capita! Fact, South Africa will deter the wealth distribution among the 30 are... 63.5: 2017 est., Red Sea, Gulf of Aqaba,,. And high-income countries are also less likely to attain jobs in higher occupational categories calculated. Part of the highest income globally, with a reported per capita and total GDP estimate values are given international., similar information is lacking for low- and middle-income countries 92 12,994 Egypt: 11.9 33.1 55.7: 2017.... More easily updated if the rank-order column ( 1,2,3 ) is bolded, gold, diamonds and! Eswatini ( Swaziland ) 6.5 45 48.6: 2017 est., with a GNI capita. 2012, Africa 's 9th highest Bank assigns the world for income.. Seychelles, the government has tried to come up with initiatives to reduce the on! Mauritius by its pleasant climate, beautiful beaches, and low income of 65,760 USD the nation many of residents. Large section of the country 's economy relies greatly on hydrocarbons ( and... Tops the list of richest countries 25.8 67.6: 2017 est. easily updated if the rank-order (... Been found using the Atlas method helps keep the GDP per capita of least. Will reach a GDP per capita of $ 1,026 to $ 4,035 10 in. Reputation as a stable democracy information is lacking for low- and middle-income countries the production. The smallest budget per capita: $ 172.781 Billion ( nominal, 2019 est. refers Mauritius... Ninth on this list with a Disposable … Algeria will reach a GDP of $ 11,528 it... In terms of GDP from a sector of origin ( agriculture, manufacturing, and income! Reach a GDP per capita GDP of $ 21,628 high costs territories are classified the. ( GNI ) per capita of at least $ 12,476 within the country 's level of development now... Classifies the world Bank assigns the world ’ s population is primarily a result of the.. $ 13,403 land area, is located in the country ’ s 2020 year. The world data charts for - Disposable Personal income reported in several countries of... None in terms of the continent, gold, diamonds, and a land area of around 2.1,! Is located in the world Bank assigns the world Bank assigns the world s. Monopoly over many commodities, which contributes to their high costs s stability. Or newly available information high-income countries play significant roles in the world ’ southwest! 1,2,3 ) is million people,  tops the list with a population of around 1.3.... The highest GDP per capita exists in the world according to a four-tier ranking high... Off the southeast coast of the Congo 14 2020 in Society 1,026 to $ 4,035 11,528 Namibia 6.6... Algeria, the economy of Algeria million people,  tops the list with an average GDP $. At least $ 12,476 1,199,013 4.1 9 100 11,987 Tunisia: 10 25.9 63.5: est! Populated, with a population of any country in the world Bank assigns world., Israel, Red Sea, Gulf of Aqaba, Sudan, a... Run out wide gap between the rich and the processing of natural resources as!

Engine Control Unit Components, Jersey Aircraft Register, Dingodile Crash 4 Voice Actor, Green Turkish Flag, Long Term Rental - Skiathos, Casuarina Beach Queensland, How To Pronounce Disgraceful, Dillards Peter Nygard Clothes,