Africa is one of the largest continents in the world and the home to 54 sovereign states. Although regarded as the poorest continent, there are some progressing economies in Africa which are quite wealthy.
This list reflects the GDP per capita in each country. This is the gross domestic product, or total market value of goods and services produced by the national economy during the last year, in regards to each person in the country.
The 10 Poorest Countries in Africa as of 2015 ranked by GDP per capita:
10.) Mali – GDP per capita: $1,136
Mali is the tenth poorest country in Africa. Mali’s poverty, malnutrition, inadequate hygiene and sanitation are the biggest health challenges. Over 50% of the population lives below the international poverty line of US$1.25 a day.
9.) Madagascar – GDP per capita: $972.07
The Madagascan economy relies heavily upon tourism, agriculture and the extractive industries. In 2011, agriculture accounted for 29% of the country’s GDP; with manufacturing taking up a further 15%. Tourism in the country has slowed in recent years however with a 50% drop in 2009 compared to the previous year. There are worrying signs in Madagascar though, with 69% of the population living below the national poverty line.
8.) Malawi – GDP per capita: $893.84
As of 2004, 54% of Malawians lived under the poverty line on less than $1 a day. This was tempered by the fact that in December 2000 the IMF and a number of individual donors stopped distributing aid within the region due to concerns over corruption. Malawi has since however begun receiving aid again from the IMF’s Heavily Indebted Poor Countries programme; as well as through the Millennium Challenge Corporation from the United States. Agriculture and services make up a huge chunk of GDP, accounting for 35% and 46% respectively. Another issue faced by the country is a shortage of foreign exchange which led to Malawi being unable to pay for some imports. This was due to investment falling by 23% in 2009.
7.) Niger – GDP per capita: $853.43
The economy of Niger is not helped by the fact that 80% of the country’s land mass is taken up the Sahara Desert. The country has also suffered greatly from political instability and an inequality deeply entrenched into Niger society. After electing a new government in 2000 the country was forced to accept enhanced debt relief from the International Monetary Fund under their Highly Indebted Poor Countries programme. This was due to the fact the Niger treasury was quite literally empty.