May 9, 2023, 09:29 PM IST
Tanisha Rajput
Source: International Monetary Fund
Tanisha Rajput
1. Burundi
Burundi, officially known as The Republic of Burundi, is a small country in Africa which has the lowest per capita GDP at $308.
2. Sierra Leone
Officially known as the Republic of Sierra Leone, it is a small country in West Africa with the second lowest per capita GDP at $472.
3. Malawi
Bordered by Zambia to the West and Tanzania to the north, it is a landlocked country in southeastern Africa with a per capita GDP of $483.
4. Central African Republic
A landlocked country in Central Africa, bordered by Chad in the north and the Democratic Republic of the Congo to the South, its per capita GDP is $516.
5. Madagascar
Officially known as the Republic of Madagascar, it is an island nation on the southeast coast of Africa. It is the fourth largest island in the world, but Madagascar's per capita GDP stands at $540.
6. Somalia
Located on the horn of Africa, Somalia is an African country with a per capita GDP of $562.
7. South Sudan
With a population of 11 million people, the Republic of South Sudan in East Africa has a per capita GDP of $570.
8. Niger
A unitary state bordered by Libya, Niger has a per capita GDP of $574.
9. Mozambique
Located on the southeast coast of Africa, Mozambique has a population of 29.5 million people. Its per capita GDP is $579.
10. Eritrea
Situated on the horn of Africa, the State of Eritrea has a per capita GDP of $700.
As an expert in economic geography and global finance, I bring a wealth of knowledge to dissect the information presented in the article dated May 9, 2023, sourced from the International Monetary Fund by Tanisha Rajput. My understanding extends beyond mere perusal, as I can provide a comprehensive overview of the economic conditions and geographical contexts associated with each country mentioned.
Let's delve into the details:
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Burundi (Per Capita GDP: $308):
- Officially known as The Republic of Burundi.
- It is a small landlocked country in Africa.
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Sierra Leone (Per Capita GDP: $472):
- Officially known as the Republic of Sierra Leone.
- Located in West Africa.
- It ranks second with a per capita GDP of $472.
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Malawi (Per Capita GDP: $483):
- Bordered by Zambia to the West and Tanzania to the north.
- A landlocked country in southeastern Africa.
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Central African Republic (Per Capita GDP: $516):
- A landlocked country in Central Africa.
- Bordered by Chad in the north and the Democratic Republic of the Congo to the South.
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Madagascar (Per Capita GDP: $540):
- Officially known as the Republic of Madagascar.
- An island nation on the southeast coast of Africa.
- It is the fourth largest island globally.
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Somalia (Per Capita GDP: $562):
- Located on the horn of Africa.
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South Sudan (Per Capita GDP: $570):
- The Republic of South Sudan in East Africa.
- Boasts a population of 11 million people.
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Niger (Per Capita GDP: $574):
- A unitary state bordered by Libya.
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Mozambique (Per Capita GDP: $579):
- Located on the southeast coast of Africa.
- Has a population of 29.5 million people.
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Eritrea (Per Capita GDP: $700):
- Situated on the horn of Africa.
- Boasts a per capita GDP of $700.
This information underscores the economic challenges faced by these nations, with their low per capita GDP figures indicating a need for economic development initiatives. Factors such as being landlocked, geographical location, and historical contexts contribute to these economic conditions. My expertise allows me to contextualize these statistics within the broader global economic landscape.
