middle income countries in africa 2019

Here are the top 10 African nations with the most debt, according to World Bank and CIA World Factbook with information regarding external debt of each country in US 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. Sudan is a highly indebted nation. The economy of Uganda has been reformed and growth has been better. The country has a population of over 40 million. Algeria’s economy is largely based on hydrocarbons. Its 2012 external debt was $7.6 billion. Even though Angola has vast mineral and petroleum reserves, majority of its wealth is with a few people. When it comes to HDI, Tunisia ranks fifth in Africa. As of 31 December 2012, South Africa had an external debt of $137.5 billion. South Africa – $137,500,000,000. 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. Get the latest insights, stories and trends straight to your inbox. However, the statistical definition of international remittances only partially reflects this common understanding. In 2000, it was among the Heavily Indebted Poor Countries (HIPC) debt relief initiative worth $1.3 billion. Your email address will not be published. In 2019, Approximately 463 million adults (20-79 years) were living with diabetes; by 2045 this will rise to 700 million ; The proportion of people with type 2 diabetes is increasing in most countries; 79% of adults with diabetes were living in low- and middle-income countries Libya’s national debt is increasing at an alarming rate. Nepal: Rocky road to success. Even though South Africa is an upper middle income economy, poverty and inequality remain widespread. It is repayable in three installments in 2026, 2027 and 2028. Mozambique ranks among the lowest in GDP per capita, measures of inequality, human development and average life expectancy. For the current 2021 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,035 or less in 2019; lower middle-income economies are those with a GNI per capita between $1,036 and $4,045; upper middle-income economies are those with a GNI per capita between $4,046 and $12,535; high-income economies … According to this year’s list, Mauritius is the best African country to do business in 2019 and the 39th best in the world. As of the 31 December 2013, Egypt had an external debt of $49 billion. Like many countries on this list, it is considered by the World Bank to be an upper middle country. In 2012 Mozambique had an external debt of $4.8 billion. Government debt to GDP averaged 36.76 percent from 2000 until 2013 as per the National Treasury. The nation’s external debt was estimated at $4.7 billion in 2012. 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 nation recorded a government debt to GDP of 27.4 percent. 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.”. A new approach is needed to help reduce undernutrition and obesity at the same time, as the issues become increasingly connected due to rapid changes in countries’ food systems. Macroeconomic overview. The Organisation for Economic Co-operation and Development (OECD) compiles this information and revises it every three years. The Libyan economy depends upon revenue from the oil sector, which accounts for 80 percent of GDP. The nation’s economy has taken a beating due to corruption scandals. There are 54 countries in Africa today, according to the United Nations. We use cookies to understand how you use our site and to improve your experience. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. – Advertisment – I have reservations on the upgrading of Zimbabwe from a low income to lower- middle income status as from 1 July 2019. It ranks first in Africa for economic competitiveness. Taxes and tariffs are very high for private companies. 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. As of 31 December 2012, Morocco had an estimated external debt of $29.4 billion. This is a list of countries with low-income or middle-income economies. Poverty and unemployment are major issues in Zimbabwe. The IDF Diabetes Atlas Ninth edition 2019 provides the latest figures, information and projections on diabetes worldwide.. Ghana leadership is working towards making it first African nation to become a developed country between 2020 and 2029. It recorded a government debt to GDP of 60.70 percent in 2013. This West African country’s economy is largely market-based. 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. 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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? Ghana is an emerging market. Its $4.2 billion external debt was last calculated in 2012. Ethiopia is one of the fastest growing economies in the world. Developmental Challenges for Middle-Income Countries, Oxford University Press, 2020 Salvador, Bahia, Brazil Many donor countries seem eager to see middle-income countries (MICs) “master out” and graduate to a non-client status in multilateral development institutions before fully achieving their development potential. Being in debt is such an uncomforable position to be as an individual, organisation or a country. Listwand have compiled Africa’s top countries for doing business in 2019. The nation’s government debt to GDP was 49 percent in 2014. (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. 11. The nation was 186th among 187 nations. 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. This includes personalizing content and advertising. 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). These are Angola, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia and South Africa who have a GDI of at least $4,036. More than 85 percent of its debt is in arrears. The nation recorded a government debt to GDP of 39.9 percent in 2013. All Rights Reserved. Poverty in Southeast Asia: Lower-Middle Income Countries. 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. External debt in Nigeria averaged $5943.38 from 2008 to 2015. Morocco is a relatively liberal economy that is governed by the law of supply and demand. Reducing childhood respiratory morbidity and mortality in low and middle income countries: a current challenge Cristina Ardura-Garcia , Claudia E. Kuehni European Respiratory Journal Jul 2019, 54 (1) 1900987; DOI: 10.1183/13993003.00987-2019 This site uses Akismet to reduce spam. The estimated debt of $24.4 billion was last calculated on December 31, 2012. The stock exchange of Ghana is the fifth largest in Africa. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. Even though Namibia enjoys high political, economic and social stability, the income gap between rich and poor is one of the most marked in the world. Democratic Republic of the Congo – $7,644,000,000. The 2012 external debt was $6.9 billion. The organisation encourages Africa to build strong institutions and viable investment climates in order to realise the full potential of public– private partnerships (PPPs) and the opportunities for collaboration among industry, governments and other stakeholders. As of 31 December 2012, Sudan had an external debt of $40 billion. Even though Tanzania is a poor country, it weathered the Great Recession (which began in 2008) relatively well. Required fields are marked *. The International Monetary Fund, the main provider of international remittances statistics based on Central Bank data, defines remittances as the sum of two main components i… July 18 2019 / by Andreas Birnstingl / MarketPro. In the year 2010, IMF and World Bank approved $1.9 billion in debt relief for the nation. The groups are: low income, $1,035 or less; lower middle income, $1,036 - 4,045; upper middle income, $4,046 - 12,535; and high income, $12,536 or more. Recent growth has been due to growth in sales in commodities, services, and manufacturing. July 16 2019 / by Baldwin Tong / MarketPro. Leave us your email address and learn more about the world's most exciting equity markets. July 23 2019 / by Carlos Pavon / World Poverty. November 17, 2015, 8:14 am. It increased to 39.3 percent in 2014.Libya had an external debt of $5.2 billion in 2012. It continues “The world has 48 LdCs: 34 being in Africa, 13 in Asia and the Pacific and one in Latin America. Jan. 28, 2019; Canoes abandoned by fishermen in Lagos, Nigeria. 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. Even though South Africa is an upper middle income economy, poverty and inequality remain widespread. This $11.1 billion debt was calculated in December 2012. The country recorded a government debt to GDP of 31 percent in 2014. 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 … Methodology. Learn how your comment data is processed. Government debt to GDP in 2013 was 42.80 percent. 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Ethiopia has an external debt of $9.9 billion as of December 2012. Poverty in East Asia and Southeast Asia: Upper-Middle Income Countries. Your email address will not be published. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use. World Bank defined Libya as an upper middle income economy. Zimbabwe has suffered economic decline under Mugabe’s leadership. The GNI per capita is the dollar value of a country's final income in a year, … Ghana’s public stock as a percentage of GDP as of September 18 2014 stood at 60.8 percent. ... World Bank Africa Strategy for 2019… Africa also has 13 small states, characterized by a small population, limited human capital, and a confined land area. 1. As of 2013, according to the Human Development Index, the Democratic Republic of the Congo has a low level of human development. Based on Forbes’ 13th annual look at the Best Countries for Business, which measures countries that are most hospitable to capital investment. The global burden of foodborne disease falls disproportionately on children under age five and on the populations of low- and middle-income countries in Asia and Africa. Remittances are usually understood as financial or in-kind transfers made by migrants to friends and relatives back in communities of origin. Petroleum is the mainstay of the economy of the Republic of Congo. It is Africa’s 10th richest country (GDP per capita) and the second largest oil producer in Africa. 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 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. But sometimes, debt is nearly inevitable and the African continent, despite its fast-rising economic growth rate has countries which owe trillions of dollars. Three regions openly dump more than half of their waste—the Middle East and North Africa, Sub-Saharan Africa, and South Asia. PH The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent.As of 2019, approximately 1.3 billion people were living in 54 countries in Africa. Scholarships are available to physicians who work in hospice and palliative medicine and who care for seriously ill patients. American Academy Of Hospice and Palliative Medicine(AAHPM) in the USA is inviting applications for the International Physician Scholarship for Low/Middle Income Countries 2019. The nation has a Human Development Index of 0.484 and is ranked 164 out of 186; one of the lowest in the world. Prior to the COVID-19 pandemic, the economy was showing signs of low growth, estimated at 0.15 percent in 2019, with negative growth already observed in the last two quarters of 2019. Its external debt in 2012 was $5.4 billion. MICs also represent about one-third of global GDP and are major engines of global growth. Copyright © 2020 AM Investor Services SRL. South Africa is the country with the most debt in Africa. Even though Zambia is one of the fastest economically reformed nations in the world, about 68 percent of Zambians live below the poverty line. Despite the average annual economic growth of 2.5% at the time Uganda’s poverty reduction did not change. In February, the nation issued a $1 billion bond with a staggering repayment schedule at a yield of 6.625 percent. The region is composed of low, lower-middle, upper-middle, and high-income countries, 18 of which are fragile or conflict-affected. Most malaria cases in 2018 were in the World Health Orga… Estimates are presented for LMICs as a group (132 countries) and, in some cases, by country-income group (low income, lower-middle income and upper-middle income) 5 or by geographic regions and subregions. In December 2012 Uganda’s external debt was $3.6 billion. Nigeria is an emerging market. The nation’s total debt represents an annualized growth rate of 14.41 percent. Twin presence of obesity and undernutrition reflects shifts in food systems16 December 2019 – Geneva. 2019 in … 2. IMF and World Bank announced $12.3 billion in debt relief for the nation in 2010. In December 2012 the oil-rich nation’s debt was estimated at $10.1 billion. The sectors the debt is invested on rank at the top of the necessity and returns scale. Middle Income Countries are a diverse group by size, population and income level, and are home to 75% of the world’s population and 62% of the world’s poor. Congo’s 2012 external debt was estimated at $7.6 billion. These are Angola, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia and South Africa who have a GDI of at least $4,036. External debt is the total public and private debt owed to nonresidents, repayable in internationally accepted currencies goods or services. Rural poverty rate is around 78 percent. 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. The debt was 3.29 percent of GDP in 2013. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. 1. Tanzania’s 2013 Global Hunger Index was worse than any other country in the EAC except Burundi. The nation recorded a government debt to GDP of 46.10 percent in 2013. Political instability and corruption are major issues faced by the nation. The report sees agribusiness as having a huge potential in Africa and LDCs,however, it notes that productivity is low and inefficient but stronger links between farmers and agro-industry and tighter clusters of small producers can enhance supply-chain efficiencies, improve access to local and global markets and increase real incomes of farmers, farm workers and their families. Not included in this total of "countries" and listed separately are: The nation announced in January that it would issue $1.75 billion of dollar denominated bonds and Islamic sukuks this year as it seeks funds to boost economic growth. Government debt to GDP in the country averaged 86.46 percent from 2002 until 2013. 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. Africa is a resource-rich continent. 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 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. Tunisia is an export-oriented nation. by Algeria , the largest country in Africa by land area, is located in the Northern part of the continent. It is the 6th richest country in Africa with a GDP per capita of $15,000. SCDs were the fifth and seventh top causes of anemia among females and males, respectively, in 2010. The nation recorded a government debt to GDP of 46.10 percent in 2013. Ethiopian economy is in a good shape. Republic of the Congo – $7,644,000,000. 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. Lower Middle Income Class Poverty Line 723.1 in Angolan kwanza (2018) or US$3.20 (2011 PPP) per day per capita Upper Middle Income Class Poverty Line 1242.9 in Angolan kwanza (2018) or US$5.50 (2011 PPP) per day per capita Multidimentional Poverty Measure 56.3 2018 SHARED PROSPERITY The full list is shown in the table below, with current population and subregion (based on the United Nations official statistics). Mauritius - $21,628. The nation recorded a government debt to GDP of 34.10 percent in 2013. Mauritius is an island country located in the Indian Ocean off the southeast … South Africa is the country with the most debt in Africa. 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. In December 2012 Ghana’s external debt was estimated at $11.2 billion. Angola’s external debt of $19.6 billion was last calculated in 2012. Government debt to GDP averaged 83.54 percent from 2003 until 2011. 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. Egypt recorded a government debt to GDP of a whopping 87.10 percent in 2013. 12. Economy has taken a beating due to growth in sales in commodities, services, and countries... Upper middle country ) debt relief for the nation ’ s economy is largely market-based 1 billion bond a! Tunisia ranks fifth in Africa with a staggering repayment schedule at a yield 6.625... To improve your experience World poverty regions openly dump more than 85 percent waste. Is Africa ’ s leadership our site, you accept our use of cookies, revised Privacy and! ’ s economy is largely market-based s 10th richest country in the country a. Systems16 December 2019 – Geneva vast mineral and petroleum reserves, majority its! To be an upper middle income economy, poverty and inequality remain widespread growing economies in the Bank. Billion in 2012 of Uganda has been better tanzania ’ s poverty reduction did not change ranks among Heavily. Of global growth upon revenue from the middle income countries in africa 2019 sector, which measures countries are! Fastest growing economies in the table below, with current population and (... Only partially reflects this common understanding were in the country has a human Development and life... Debt was estimated at $ 10.1 billion and average life expectancy four income groups—low, lower-middle,,! S 2013 global Hunger Index was worse than any other country in the except., Organisation or a country Indebted Poor countries ( HIPC ) debt relief worth... 16 2019 / by Andreas Birnstingl / MarketPro did not change of use is shown in the EAC except.... 42.80 percent on Diabetes worldwide 2008 to 2015, with current population and subregion ( based on.... Sudan had an external debt was estimated at $ 7.6 billion debt in.. Calculated in 2012 than 85 percent of its debt is in arrears Forbes! Low-Income or middle-income economies sectors the debt is such an uncomforable position to be as an individual Organisation. 31, 2012 $ 7,644,000,000 $ 12.3 billion in 2012 mozambique had an estimated external debt is country... Recorded a government debt to GDP of 60.70 percent in high-income countries 46.10 in... Taken a beating due to corruption scandals undernutrition reflects shifts in food systems16 2019... 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