Nigeria ranks as the 12th poorest country globally with a GDP per capita of $807, according to a Visual Capitalist report citing International Monetary Fund (IMF) data.
The report, surveying 189 countries, places Nigeria at 178th, with South Sudan as the poorest at $251. India, despite being the world’s fourth-largest economy, ranks 50th with a GDP per capita of $2,878, influenced by its large population.
Nigeria’s low GDP per capita highlights persistent economic challenges despite its status as one of Africa’s largest economies. The report notes that chronic conflict, fragile institutions, and limited industrial bases hinder income growth in many African nations, including Nigeria.
Other African countries like Madagascar, Sudan, the Democratic Republic of Congo, Mozambique, and Niger also rank among the world’s poorest. The IMF data excludes Afghanistan, Eritrea, Lebanon, Pakistan, Sri Lanka, Syria, and Palestine due to unavailable figures.
The GDP per capita metric, calculated by dividing total economic output by population, reveals disparities in individual wealth generation, underscoring Nigeria’s struggle with economic hardship amid a rebounding global economy.
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