19 of the 20 countries with the lowest estimated GDP per capita in the world in 2023 are located in Sub-Saharan Africa. Burundi is believed to have a GDP per capita of just 245.81 U.S. dollars – for reference, Luxembourg has the highest GDP per capita in the world, at almost 126,000 U.S. dollars, which is around 510 times larger than that of Burundi (U.S. GDP per capita is over 250 times higher than Burundi’s).
Poverty in Sub-Saharan Africa
Many parts of Sub-Saharan Africa have been among the most impoverished in the world for over a century, due to lacking nutritional and sanitation infrastructures, persistent conflict, and political instability. These issues are also being exacerbated by climate change, where African nations are some of the most vulnerable in the world, as well as the population boom that will place over the 21st century. Of course, the entire population of Sub-Saharan Africa does not live in poverty, and countries in the southern part of the continent, as well as oil-producing states around the Gulf of Guinea, do have some pockets of significant wealth (especially in urban areas). However, while GDP per capita may be higher in these countries, wealth distribution is often very skewed, and GDP per capita figures are not representative of average living standards across the population.
Outside of Africa
Yemen is the only country outside of Africa to feature on the list, due to decades of civil war and instability. Yemen lags very far behind some of its neighboring Arab states, some of whom rank among the richest in the world due to their much larger energy sectors. Additionally, the IMF does not make estimates for Afghanistan, which would also likely feature on this list.
Source link : https://www.statista.com/statistics/256547/the-20-countries-with-the-lowest-gdp-per-capita/
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Publish date : 2024-04-10 07:00:00
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