Sudan is a highly indebted nation. Nigeria is an emerging market. The nation recorded a government debt to GDP of 46.10 percent in 2013. Low- and middle-income countries are estimated, in aggregate, to experience a productivity loss of some US$95 billion per year as a result of unsafe food. These are Angola, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia and South Africa who have a GDI of at least $4,036. In 2018, an estimated 228 million cases of malaria occurred worldwide (95% confidence interval [CI]: 206–258 million), compared with 251 million cases in 2010 (95% CI: 231–278 million) and 231 million cases in 2017 (95% CI: 211–259 million). The sectors the debt is invested on rank at the top of the necessity and returns scale. Twin presence of obesity and undernutrition reflects shifts in food systems16 December 2019 – Geneva. Like many countries on this list, it is considered by the World Bank to be an upper middle country. 2.1 Africa has the highest share of informal employment in the world, various years 47 2.2 Informal employment varies by gender and education, 2018 48 2.3 Informality is highest in low-income countries, and unemployment in middle-income countries in Africa, 1999–2010 49 Even though Tanzania is a poor country, it weathered the Great Recession (which began in 2008) relatively well. Government debt to GDP averaged 83.54 percent from 2003 until 2011. The nation’s government debt to GDP was 49 percent in 2014. Ghana leadership is working towards making it first African nation to become a developed country between 2020 and 2029. Africa also has 13 small states, characterized by a small population, limited human capital, and a confined land area. 11. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. For operational and analytical purposes, economies are divided among income groups according to 2019 gross national income (GNI) per capita, calculated using the World Bank Atlas method. The situation on the ground is that production has gone down due to the unavailability of foreign currency to import critical raw materials, new machinery to retool and the unpredictable economic operating environment. Algeria , the largest country in Africa by land area, is located in the Northern part of the continent. With more than 880 million people – 12 per cent of the world’s population, they account for less than 2 per cent of global GDP and about 1 per cent of global trade in goods.”. Low- and middle-income countries in which obesity was once rare are seeing some of the fastest increases: In 1990, Vietnam's adolescent overweight rate … Lower-income countries generally rely on open dumping; 93 percent of waste is dumped in low-income countries and only 2 percent in high-income countries. Poverty in East Asia and Southeast Asia: Upper-Middle Income Countries. This $11.1 billion debt was calculated in December 2012. The nation’s external debt was estimated at $4.7 billion in 2012. Most malaria cases in 2018 were in the World Health Orga… Angola’s external debt of $19.6 billion was last calculated in 2012. The nation recorded a government debt to GDP of 34.10 percent in 2013. I have reservations on the upgrading of Zimbabwe from a low income to lower- middle income status as from 1 July 2019. The nation recorded a government debt to GDP of 46.10 percent in 2013. In December 2012 the oil-rich nation’s debt was estimated at $10.1 billion. Ethiopia has an external debt of $9.9 billion as of December 2012. In Sub-Saharan Africa, countries with a gross domestic income (GDI) per capita of between $1,026 and $12,475 in 2015 and were classified as middle-income countries. July 23 2019 / by Carlos Pavon / World Poverty. This is a list of countries with low-income or middle-income economies. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. In 2000, it was among the Heavily Indebted Poor Countries (HIPC) debt relief initiative worth $1.3 billion. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use. According to this year’s list, Mauritius is the best African country to do business in 2019 and the 39th best in the world. The GNI per capita is the dollar value of a country's final income in a year, … Mozambique ranks among the lowest in GDP per capita, measures of inequality, human development and average life expectancy. Morocco is a relatively liberal economy that is governed by the law of supply and demand. As of the 31 December 2013, Egypt had an external debt of $49 billion. 1. In 2012 Mozambique had an external debt of $4.8 billion. The 11 other countries which were classified under the lower-middle-income countries are Cape Verde, Cameroon, Republic of Congo, Côte d’ivoire, Djibouti, Ghana, Lesotho, Mauritania, São Tomé and Príncipe, Swaziland and Zambia. Political instability and corruption are major issues faced by the nation. External debt in Nigeria averaged $5943.38 from 2008 to 2015. MICs also represent about one-third of global GDP and are major engines of global growth. (adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({}); Top 20 Most Indebted African Countries List, Russian President Vladimir Putin Drops Shocker About Islamic State Sponsors, 5 Top Celebrities With Irresistible Curves. As of 31 December 2012, South Africa had an external debt of $137.5 billion. Even though Zambia is one of the fastest economically reformed nations in the world, about 68 percent of Zambians live below the poverty line. ... World Bank Africa Strategy for 2019… Copyright © 2020 AM Investor Services SRL. More than 85 percent of its debt is in arrears. This West African country’s economy is largely market-based. 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The nation’s total debt represents an annualized growth rate of 14.41 percent. It increased to 39.3 percent in 2014.Libya had an external debt of $5.2 billion in 2012. Government debt to GDP averaged 36.76 percent from 2000 until 2013 as per the National Treasury. Its external debt in 2012 was $5.4 billion. Based on Forbes’ 13th annual look at the Best Countries for Business, which measures countries that are most hospitable to capital investment. The nation is classified as an upper middle income country by the World Bank.Algeria’s external debt of $4.3 billion (2012) is low when compared to other African nations. Listwand have compiled Africa’s top countries for doing business in 2019. In 2014, Nigeria’s economy became the largest in Africa, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. Kenya, Nigeria and 11 other countries have been listed under the Lower Middle-Income Countries by the United Nations Industrial Development Organisation (UNIDO) in a report submitted to the just concluded G20 Summit held in China. Middle-Income Countries (MICs): As of July 2017, middle-income countries (MICs) are nations with a per capita gross national income (GNI) between $1,005 and $12,235. It ranks first in Africa for economic competitiveness. As of 2013, according to the Human Development Index, the Democratic Republic of the Congo has a low level of human development. Taxes and tariffs are very high for private companies. Tanzania’s 2013 Global Hunger Index was worse than any other country in the EAC except Burundi. Democratic Republic of the Congo – $7,644,000,000. Libya’s national debt is increasing at an alarming rate. Being in debt is such an uncomforable position to be as an individual, organisation or a country. External debt is the total public and private debt owed to nonresidents, repayable in internationally accepted currencies goods or services. Required fields are marked *. Clinton Briggs: American Soldier Lynched For Allegedly Young White Woman, Starbucks Names Mellody Hobson As Board Chair, The First Black Woman In The Role, Pierre Thiam: The Senegalese Chef Behind America’s New Favorite Supergrain, From Refugee To Airbus: Read The Inspiring Story Of Samuel Nen John-Phaltang From South Sudan, Harold Franklin Sr.: First Black Student to Integrate Auburn University Earns His Master’s 51 Years Later, Did You Know? Egypt recorded a government debt to GDP of a whopping 87.10 percent in 2013. by South Africa has the second largest economy in Africa, with a gross domestic product of R5.078 trillion (US$351 432 million) and a population of 58.5 million. Ethiopia is one of the fastest growing economies in the world. 12. Your email address will not be published. November 17, 2015, 8:14 am. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. The nation’s economy has taken a beating due to corruption scandals. 2019 Adding It Up study of sexual and reproductive health care provision in 132 LMICs in Africa, Asia, Eastern and Southern Europe, and Latin America and the Caribbean, which together had 1.6 billion women of reproductive age.13 The study included estimates of current coverage of essen-tial sexual and reproductive health services—derived using The full list is shown in the table below, with current population and subregion (based on the United Nations official statistics). But sometimes, debt is nearly inevitable and the African continent, despite its fast-rising economic growth rate has countries which owe trillions of dollars. “Of the Africa’s 54 countries, 48 are in sub-Saharan Africa and six in North Africa; 26 are middle-income countries, 34 LdCs, one is a high-income country, 16 are land-locked developing countries and six are Small Island developing states.” Reads the report. The debt was 3.29 percent of GDP in 2013. 2019 in … Leave us your email address and learn more about the world's most exciting equity markets. : Upper-Middle income countries in commodities, services, and manufacturing Carlos Pavon / World poverty producer Africa. North Africa, and high-income countries accept our use of cookies, Privacy. Depends upon revenue from the oil sector, which accounts for 80 percent of waste dumped... Is in arrears, Organisation or a country instability and corruption are major faced. 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