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Economic performance: GDP per capita of West African countries

15/03/2022
Categories: Economy/Forex

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Updated data from the World Bank shows a continued acceleration in the pace of economic growth, shared prosperity and wealth creation in the West African region.

Considering the aggregate of GDP per capita, Cape Verde is by far the richest country in West Africa with a per capita income of 3064 dollars in 2020. It is followed by Côte d'Ivoire with a GDP per capita of 2326 dollars in 2020. Ghana, for its part, comes in 3rd place with a per capita income which has fallen by 2% to 2206 dollars in 2020. Nigeria is positioned in 4th place, its GDP per capita contracted by 6% to $2,097 in 2020.

Ranked successively 5th, 6th, 7th, 8th, 10th and 14th, Senegal (+3% to 1472 dollars), Benin (+6% to 1291 dollars), Guinea (+13% to 1194 dollars), Togo ( +2% to 915 dollars), Burkina Faso (+8% to 858 dollars) and Niger (+2% to 568 dollars), all belonging to the WAEMU zone, saw their GDP per capita experience a good trend. In contrast to this increased resilience of some countries of the Union, Mali (9th), Guinea-Bissau (12th), Liberia (13th) and Sierra Leone (15th) recorded a drop in their GDP per inhabitant. The Gambia takes 11th place with a per capita income of 773 dollars.

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