…As Burundi Ranked Lowest In GDP Per Capital
Despite gains recorded by the Federal Government in its ongoing monetary and fiscal reforms drive, a new report by Global Finance magazine has indicated that Nigeria and several other African countries ranked among the world’s 60 poorest countries in a 2026 based on GDP per capita at purchasing power parity.
In the new report published by the leading monthly financial magazine covering international finance, banking, and financial globalization, Burundi ranked lowest in the GDP per capital at $994.23 followed by Central African Republic with $1,437.72 and South Sudan ranked third from the bottom with $1,467.19 per capital.
The online medium’s ranking figures were based on GDP per capita at purchasing power parity, a measure that adjusts for differences in the cost of living and inflation across countries.
- Advertisement -
According to the research study’s report, nine of the 10 countries at the bottom of the ranking are in Africa, with Yemen being the only non-African country among them.
The 10 lowest-ranked countries were Burundi, the Central African Republic, South Sudan, Yemen, Mozambique, Malawi, Somalia, Liberia, Madagascar and the Democratic Republic of the Congo.
A further analysis of the report’s findings showed that Nigeria ranked 56th, with a GDP per capita of $9,532.92, compared with 44th position in the 2025 ranking while Niger ranked 11th with $2,108.46, followed by Sudan at 13th with $2,427.43 and Burkina Faso at 16th with $3,060.34.
Lesotho ranked 17th with $3,211.83, while Chad and Guinea-Bissau occupied the 18th and 19th p Mali ranked 20th with $3,480.41, followed by Togo at 21st with $3,563.31, The Gambia at 22nd with $3,664.60 and Sierra Leone at 23rd with $3,709.84.
Also, the report reflected that Uganda ranked 26th with $3,923.83, while Vanuatu, Comoros, Rwanda and Tanzania occupied the 27th, 28th, 29th and 30th positions respectively, while Zambia came 31st with $4,380.77, followed by Ethiopia at 32nd with $4,498.55, Guinea at 33rd with $4,746.77 and Benin at 34th with $4,758.22.
Senegal ranked 37th with $5,440.63, while Cameroon came 38th with $5,782.69 just as Kenya was ranked 44th with a GDP per capita of $7,590.60, while Zimbabwe came 46th with $7,985.23.
Côte d’Ivoire ranked 48th with $8,165.34, Ghana came 51st with $8,613.25, Mauritania 52nd with $8,831.81 and Djibouti 55th with $9,435.70, while Angola ranked 59th position with $10,274.90, while Laos ranked 60th with $10,379.98.
The latest ranking implied that African countries accounted for the majority of those at the bottom of the GDP-per-capita ranking, highlighting the economic challenges facing several countries on the continent.
Beyond Africa, countries that featured among the 60 globally included Yemen, Afghanistan, Solomon Islands, Haiti, Papua New Guinea, Myanmar, Timor-Leste, Tajikistan, Nepal, Pakistan, Honduras, Tonga, Cambodia, Samoa, Venezuela, Kyrgyz Republic, Nicaragua, Bangladesh and Laos.
The Global Finance magazine’s data also showed changes in the ranking chart compared with the 2025 ranking. For instance, in the latest report Burundi moved from second to first, while South Sudan dropped from first to third, and the Democratic Republic of the Congo moved from seventh to 10th, while Nigeria dropped from 44th to 56th.
