Top 10 poorest countries in Africa (2021 update)

Over portion of the countries in Africa are viewed as the least fortunate on the planet. The landmass has lower levels of achievement financially than the other six continents all throughout the planet. Africa, in any case, is growing rapidly and has seen huge monetary improvement and advancement in the previous decade. Nonetheless, numerous countries aren’t showing financial development, and surprisingly the nations that are improving are not encountering close to as much development as the countries might want. Financial frailty, political precariousness, and common conflicts inside these countries have left large numbers of Africa’s residents carrying on with an existence of neediness. Therefore on this post we will be listing the 10 poorest countries in Africa

Also read: Top 10 Richest African Countries (2021)

One of the components used to decide the abundance of countries overall is the (GDP) per capita. The GDP per capita gauges the buying force of every country in the global market. Gross domestic product is an incredible marker of prosperity, and thusly, it is ordinarily used to decide how rich, or for this situation, how poor a nation is.

10 poorest countries in Africa, with their GDP per capita, are:

1.            Somalia ($500)

2.            Central African Republic ($681)

3.            Democratic Republic of the Congo ($785)

4.            Burundi ($808)

5.            Liberia ($867)

6.            Niger ($1,153)

7.            Malawi ($1,172)

8.            Mozambique ($1,266)

9.            Eritrea ($1,434)

10.          South Sudan ($1,503)

Based on data collected from research looking into the GDP values of African countries, Somalia currently has the lowest GDP per capita of $500. It is ranked as number 54 in terms of countries with the lowest GDP per capita in Africa. On a global scale, Somalia is ranked at 188.

The poorest countries in Africa are also among the poorest countries in the world.

Countries with higher population sizes and lower life expectancies tend to have a lower overall gross national income value and GDP value than countries with fewer people and higher life expectancy rates. The Central African Republic, for example, is the second-poorest country in Africa and has a population of 4.7 million people and a life expectancy of 52.9 years.

The country with the highest gross domestic product value in Africa is Equatorial Guinea, and the country with the lowest GDP is Somalia. The difference between the highest GDP value and the lowest GDP value is approximately $34,365.18. As you can see, there is a significant amount of variance between the GDPs of various countries in Africa.

For some perspective, we can look at the GDP values of the wealthiest country in the world, which is Qatar. The gross domestic product of Qatar is roughly $338,820,000,000, with an accompanying GNI of $128,060. Qatar’s GDP is still over three hundred thirty-eight billion US dollars greater than the GDP of Africa‚Äôs most prosperous nation.

Here are the 10 poorest countries in Africa:

1.            Tanzania (-)

2.            Sao Tome And Principe ($342.78 Mn)

3.            Gambia ($985.83 Mn)

4.            Guinea Bissau ($1.12 Bn)

5.            Comoros ($1.15 Bn)

6.            Somalia ($1.32 Bn)

7.            Seychelles ($1.43 Bn)

8.            Cape Verde ($1.64 Bn)

9.            Central African Republic ($1.81 Bn)

10.          Djibouti ($1.89 Bn)