Nigeria is occupying the 20th position in the latest rankings of the countries according to their Gross Domestic Product (GDP) per capita.
Despite the huge human and natural resources the country can boast has in her disposal, the country is sitting among the poorest countries in the world.
According to Focus Economies, most of the top 10 worst countries are from Africa with Democratic Republic of Congo leading the pack with a GDP of $439 while Mozambique follows.
Mozambique follows at second position with $429 GDP per capital, Uganda and Tajikistan take third and fourth positions with $726 and $777 respectively.
5. Yemen
Yemen is at the fifth position with $762 GDP as at 2017 and a projected $1079 GDP for 2023. Yemen’s economy has been affected by incessant civil war and humanitarian crisis.
6. Haiti
Haiti is on the sixth position with $776 GDP being a country that has been extremely vulnerable to extreme weather and natural disaster as World Bank says the 90% of the country’s population is at risk.
7. Ethiopia
Ethiopia ranks seventh with a 2016 GDP of $884. The country is has been really economically challenged because it is landlocked and its neighbor, Djibouti, acts as the main port. However, the country is ranked as the fast growing economy in Africa.
8. Tanzania
Tanzania has a 2017 GDP of $1037 with a projected $1502 GDP by 2023 with a projected $1502. Tanzania’s economy has been on a steady growth as the poverty rate has been falling according to World Bank.
9. Kyrgyzstan
Kyrgyzstan is ninth with $1203. The Kyrgyz economy is at the mercy of external influence due to its over-reliance on gold export.
10. Uzbekistan
Uzbekistan is 10th on the ranking with a projected GDP of $2351 by 2023 and $1514 2017 GDP as the country’s economy growth was fast between 2004 and 2016.
