These Are The Poorest And The Richest Countries In The African Continent

Published on 10/19/2020
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Ethiopia

With its population of 114.96 million inhabitants, Ethiopia is the second most populated African country. Its GDP is $90.97 billion, which makes it the eighth richest African country. It does not produce oil, but it is doing well thanks to its agriculture, coffee, gold, cattle, and leather. The nation is doing great at producing energy with its 14 major rivers. It has also seen a boost in the involvement of the private sector, which seems to be helping the country. Its goal is to be a manufacturing hub in the future.

Ethiopia

Ethiopia

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Zambia

The economic growth of Zambia is one of the most rapid ones in the continent thanks to its urbanization rate. Even though it is growing significantly, it is still deemed a poor country since its GDP per capita stands at $1,344. The country has 18.38 million inhabitants and a GDP of $24.6 billion. Sadly, around 60.5% of the locals live in poverty. Agriculture is an important sector in the country since it offers more employment opportunities than mining does. The main crops are cereals, although it also produces sugar, cotton, and soybean. Right now, the country is still reeling from the effects of donor aid suspension from 2018. It happened after the embezzlement of millions from social welfare grants. The country now focuses on the private sector to improve the state of its infrastructures.

Zambia

Zambia

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