middle income countries in africa 2019

South Africa is the country with the most debt in Africa. However, the statistical definition of international remittances only partially reflects this common understanding. July 23 2019 / by Carlos Pavon / World Poverty. PH 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 … 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. 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. The nation’s economy has taken a beating due to corruption scandals. Your email address will not be published. Ethiopia is one of the fastest growing economies in the world. Its external debt in 2012 was $5.4 billion. Democratic Republic of the Congo – $7,644,000,000. Petroleum is the mainstay of the economy of the Republic of Congo. Even though Angola has vast mineral and petroleum reserves, majority of its wealth is with a few people. These are Angola, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia and South Africa who have a GDI of at least $4,036. In December 2012 the oil-rich nation’s debt was estimated at $10.1 billion. The economy of Uganda has been reformed and growth has been better. Listwand have compiled Africa’s top countries for doing business in 2019. South Africa – $137,500,000,000. Twin presence of obesity and undernutrition reflects shifts in food systems16 December 2019 – Geneva. When it comes to HDI, Tunisia ranks fifth in Africa. 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. The nation has a Human Development Index of 0.484 and is ranked 164 out of 186; one of the lowest in the world. The debt was 3.29 percent of GDP in 2013. World Bank defined Libya as an upper middle income economy. This site uses Akismet to reduce spam. The full list is shown in the table below, with current population and subregion (based on the United Nations official statistics). 1. The Libyan economy depends upon revenue from the oil sector, which accounts for 80 percent of GDP. 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. The country recorded a government debt to GDP of 31 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. 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. Egypt recorded a government debt to GDP of a whopping 87.10 percent in 2013. July 18 2019 / by Andreas Birnstingl / MarketPro. The IDF Diabetes Atlas Ninth edition 2019 provides the latest figures, information and projections on diabetes worldwide.. 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. Nigeria is an emerging market. As of 31 December 2012, Sudan had an external debt of $40 billion. The nation’s government debt to GDP was 49 percent in 2014. In 2012 Mozambique had an external debt of $4.8 billion. 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. Required fields are marked *. Nepal: Rocky road to success. In February, the nation issued a $1 billion bond with a staggering repayment schedule at a yield of 6.625 percent. 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. In December 2012 Uganda’s external debt was $3.6 billion. The nation recorded a government debt to GDP of 27.4 percent. It ranks first in Africa for economic competitiveness. It increased to 39.3 percent in 2014.Libya had an external debt of $5.2 billion in 2012. 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 … 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 The Organisation for Economic Co-operation and Development (OECD) compiles this information and revises it every three years. 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. Its 2012 external debt was $7.6 billion. Algeria’s economy is largely based on hydrocarbons. Even though South Africa is an upper middle income economy, poverty and inequality remain widespread. Despite the average annual economic growth of 2.5% at the time Uganda’s poverty reduction did not change. Ghana is an emerging market. 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. 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? I have reservations on the upgrading of Zimbabwe from a low income to lower- middle income status as from 1 July 2019. Like many countries on this list, it is considered by the World Bank to be an upper middle country. Ghana leadership is working towards making it first African nation to become a developed country between 2020 and 2029. Morocco is a relatively liberal economy that is governed by the law of supply and demand. Recent growth has been due to growth in sales in commodities, services, and manufacturing. 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Mauritius - $21,628. The nation was 186th among 187 nations. Angola’s external debt of $19.6 billion was last calculated in 2012. We use cookies to understand how you use our site and to improve your experience. Even though Tanzania is a poor country, it weathered the Great Recession (which began in 2008) relatively well. 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. Taxes and tariffs are very high for private companies. 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 In December 2012 Ghana’s external debt was estimated at $11.2 billion. Mauritius is an island country located in the Indian Ocean off the southeast … Learn how your comment data is processed. Government debt to GDP in the country averaged 86.46 percent from 2002 until 2013. 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). 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 sectors the debt is invested on rank at the top of the necessity and returns scale. As of 2013, according to the Human Development Index, the Democratic Republic of the Congo has a low level of human development. 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. IMF and World Bank announced $12.3 billion in debt relief for the nation in 2010. It is repayable in three installments in 2026, 2027 and 2028. The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high-income countries. 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. The estimated debt of $24.4 billion was last calculated on December 31, 2012. MICs also represent about one-third of global GDP and are major engines of global growth. This includes personalizing content and advertising. 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. Three regions openly dump more than half of their waste—the Middle East and North Africa, Sub-Saharan Africa, and South Asia. Get the latest insights, stories and trends straight to your inbox. Copyright © 2020 AM Investor Services SRL. The region is composed of low, lower-middle, upper-middle, and high-income countries, 18 of which are fragile or conflict-affected. by Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. 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. Jan. 28, 2019; Canoes abandoned by fishermen in Lagos, Nigeria. Africa also has 13 small states, characterized by a small population, limited human capital, and a confined land area. There are 54 countries in Africa today, according to the United Nations. It recorded a government debt to GDP of 60.70 percent in 2013. 11. It is the 6th richest country in Africa with a GDP per capita of $15,000. 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. Remittances are usually understood as financial or in-kind transfers made by migrants to friends and relatives back in communities of origin. Poverty and unemployment are major issues in Zimbabwe. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use. November 17, 2015, 8:14 am. 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.”. 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