• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

10 African countries with the lowest income earners in 2024

1 year ago
in Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
117
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

African Debt and Climate Change: How the ICJ’s Vanuatu Ruling Could be Used for Broader Justice

European Leagues Defend Plans to Stage Matches Abroad Amid EU Criticism

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce

10 African countries with the lowest income earners in 2024

In many African countries, a significant portion of economic activity occurs in the informal sector. This includes small-scale trading, subsistence farming, and other forms of unregistered economic activities. As a result income for the average person can be low due to an inability to maximize the market.

While not entirely representing the income levels of any given country, GNI per capita nonetheless, highlight the symptoms of economic problems, and is typically a great indicator of the income level of an economy.

African economies often face other challenges such as inadequate infrastructure, limited access to education and healthcare, and weak governance, all of which contribute to low levels of cash flow within an economy, and as a result, the GNI per capita is influenced.

Gross National Income (GNI) per capita is a widely used metric for assessing the economic performance of a country. It calculates the average income of a nation’s citizens and is often used to compare living standards across countries.

However, relying heavily on low-income earnings as a measure of GNI per capita may not be completely forthright for African countries. For example, in some African countries, a tiny elite may control a sizable share of the national revenue, while the bulk of the people remains poor.

Nonetheless, the GNI per capita is a key indicator in assessing the health of any economy on the planet.

According to a World Bank report titled World Development Report 2024, there are now 26 low-income, 108 middle-income, and 83 high-income economies in the globe as represented by their GNI per capita.

This report also highlights the GNI per capita in Dollars of the regions be it low, middle, or high income, and below are 10 African countries with the lowest GNI per capita.

10 African countries with the lowest income earners in 2024

RankCountryGNI per capitaClass
1.Burundi$240Low-Income Economy
2.Somalia$470Low-Income Economy
3.Central Africa Republic$480Low-Income Economy
4.Mozambique$500Low-Income Economy
5.Madagascar$510Low-Income Economy
6.Sierra Leone$510Low-Income Economy
7.Democratic Republic of Congo$590Low-Income Economy
8.Niger$610Low-Income Economy
9.Malawi$640Low-Income Economy
10.Liberia$680Low-Income Economy
Tags: 10 African countries with the lowest income earners in 2024African Countries
No Result
View All Result

Highlights

Rewriting the Rulebook: Ghana’s Battle to Restore Currency Credibility

Bank of Ghana Raises GHS 836m in Short-Term Bill Auction at 24.8% Yield

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules

FirstBank Prepares for 2025 Staff Engagement Empowering People, Shaping Culture, Achieving Targets

Gov’t to Overhaul Investment Law, Create 24-Hour Economy Authority in New Bills to Parliament

Ghana, Singapore Push Cross-Border Payments and SME Ties as Mahama Hails Stabilising Economy

Trending

Features

African Debt and Climate Change: How the ICJ’s Vanuatu Ruling Could be Used for Broader Justice

August 28, 2025

African Debt and Climate Change: How the ICJ’s Vanuatu Ruling Could be Used for Broader Justice African...

European Leagues Defend Plans to Stage Matches Abroad Amid EU Criticism

August 28, 2025

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce

August 28, 2025

Rewriting the Rulebook: Ghana’s Battle to Restore Currency Credibility

August 28, 2025

Bank of Ghana Raises GHS 836m in Short-Term Bill Auction at 24.8% Yield

August 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.