10 poorest countries in africa over half of the nations in africa are considered the poorest in
the world this is because the continent has a lower level when it comes to economic success
when compared to the other six continents in the world this is because of decades of bad leadership
and political instability despite the fact that the continent is endowed with natural resources
many countries still continue to live in absolute poverty one of the factors which
determine the world of nations worldwide is the gross domestic product per capita
this gdp per capita measures the purchasing power of each nation in the international market gdp is
an excellent indicator of affluence it is commonly used to determine how rich or poor a country is
today african reloaded brings you information about the 10 poorest countries in africa
10. ethiopia this country has a population of about 105 million people making it one of the
most populated countries in africa the per capita income of this country is around 783 dollars
regardless of the economic activities that take place in the country activities like agriculture
construction and manufacturing take place in this country but its gdp growth still experiences a
downward trend nevertheless the country is still doing its best to see that they get a rise in gdp
per capita as they expect the economy to grow before this 2021 year ends the finance minister
monster ahmed shilda allocated 13.48 billion dollars towards government spending early last
year and by so doing ethiopia hopes to see a growth boost in the economy in the future
9. mozambique this country's economy used to be booming and was not on the list of the poorest
countries but after the civil wars which broke out this country has been going down and down
her highest gdp per capita to date is 519 over a population of 31.4 million people
economic freedom is highed over 48 making it among the freest economies in the 2020 world index
conditions like increased government spending fair trade regulations and a declining tax
burden have been some factors leading to economic growth another factor which was
helping the economy was the french company total essay this company secured 15.8 billion dollars
in funding for a liquefied natural gas facility in the region these investors have so many projects
which will give this country the opportunity to start all over but as life will have it in early
april this year after a series of setbacks due to the escalation of in violent attacks in the area
the company announced it would suspend its operations indefinitely
8 somalia the world bank estimated the population of this country to be 16.62 million in early 2020
and the gdp per capita is 478 the poverty rate of this country stands at 73 this country is going
through a period of political instability and terror attacks speaking of political instability
this year in april somalia's parliament voted to extend the president's term to a four-year term
which only two years had expired of the four-year term the power grab triggered a political crisis
and rival factions clashed in the capital mogadishu the president immediately bowed
to the opposition and called for a new presidential election but they are still
positive about the growth of their economy as a tenuous recovery is already on the way and the
government has pledged its commitment to chatting a course toward better resilience and growth
7. democratic republic of congo this is a country in central africa
it is by area the largest country in sub-saharan africa the second largest in all of africa and the
11th largest in the world and has a large population living below the poverty line
the gdp per capita is 448.7 which is based on the world economic
outlook the world bank estimated its poverty rate to be 64 percent in 2012.
the country has taken considerable steps to get out of poverty but the coveted pandemic has caused
a contraction since it started the mining sector is forecast to stage a modest recovery in 2021
6. madagascar according to the world bank madagascar's gdp per capita is about 415 the trade
sector has been the most significant sector which has been sustaining the economy although a large
percentage of the country's population including children suffer from malnutrition the country's
poorest individuals have limited access to their basic needs this country has experienced political
stability violent coups and disputed elections have contributed to making this country poor the
worst of them all is the kavit that broke out this crisis has precipitated a severe recession which
has disproportionately impacted the population employed in the tourism and manufacturing sectors
the crisis also depleted the availability of fiscal resources for priority investment and
social programs thereby putting a hold on the goal of archiving more inclusive growth
5. malawi this nation is among the most impoverished countries with millions of
people living in abject poverty its gdp was 402 the activities which support the economy
are mainly agricultural and also include the sales of tobacco the funny thing about this country is
the fact that it is a peaceful country but it's still poor in 2020 the country's constitutional
court annulled former president peter mutherica's poll wins in the previous year's general elections
the president after him declared that he wanted to provide the kind of leadership that makes everyone
proper but sadly for him and his dreams as it had to be put on hold as the pandemic crisis broke out
last year the gdp of the country dropped to 0.6 percent from 4.5 a year earlier
4. niger the world bank did their statistics in 2020 and discovered that the poverty rate is 44.1
percent about the economy it depends solely on agriculture as 80 percent of the citizens depend
on it the country has been increasing its public debt since 2011 to expand investment unfortunately
the nation is heavily reliant on foreign debts which puts it at risk of further financial
distress on top of the debts they have they have over 300 000 refugees to deal with and the country
has high population growth food insecurity political instability and natural crises when
isufu stepped down this year after a two-year term in office a new president took over and became
the first democratic power transfer and while the country reported a relatively low number of cases
last year its economy grew by just 1.2 percent hopes for 2021 are expected to grow by 7 percent
3. liberia the gdp of this country according to the trading economy is 360 dollars
and the poverty rate is based on the world bank this country is one of the countries that has been
ranked several times as the poorest countries the nation has enjoyed political stability since 2003
but the leaders have failed to grant them uplift from poverty
star player george weia who was a former footballer became president in 2018 his term
was filled with high inflation unemployment and negative economic growth high external borrowing
has put the nation at the risk of over-reliance on foreign funding from 2014 to 2016 the ebola crisis
hit the nation affecting the aid inflows poor slow infrastructure development continues to impact
negatively on potential foreign investors and now there's the kavit crisis which is claiming lives
two the central african republic in december 2018 the gdp was 333.03 dollar which means over
three-quarter of 1.90 dollars per day the economy has suffered a sociopolitical crisis affecting its
growth the main sector that contributes to the growth of the economy is agriculture and mining
the inflation rate in 2018 was 3.9 percent this country has mineral resources but the only problem
is that it is inhabited by poor people who cannot make the most of what they have despite these
problems growth has somewhat picked up in recent years thanks to the timber industry the economy
is also benefiting from the partially resumed sale of diamonds which were discovered to be the
source of funding for inter-religious armed groups and placed under international embargo in 2013.
1. burundi this fine country is among the poorest countries in africa all of burundi is in need of
urgent humanitarian assistance as the country is largely affected by aids and now kavit 19 has
added the civil war which ended years ago brought some features which have had effects till date
lack of infrastructure endemic corruption security concerns which are the leading factors leading to
extreme poverty speaking of instability pierre enkiruz is a charismatic former hudu rebel
turned president in 2005. he managed to unite the country and start rebuilding the economy
he had been riled for so long and in 1015 he wanted to win the office again which later
on resulted in the oppression poverty is on a rise globally and the continent of africa is
not left out this list includes the 10 african nations that are living in absolute poverty
and all this is not because they don't have good resources to sustain them but because of bad
leadership corruption debts among others however africa is blessed with plenty of natural resources
and they will soon come out of their poverty trap thanks for watching this video and please give us
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