African Development Bank Ranks 33 African States As Low Income Countries

The African Development Bank (AfDB) has ranked 33 African countries as low income countries, said a publication of the regional Bank called “Selected Statistics on African Countries” for 2008.

According to the publication released at the just concluded annual general meeting of the bank in Maputo, Mozambique, the 33 low income countries are nations with a gross national income per capita of US$785 or less.

The document, which is an annual publication of the Bank, presents data on major development indicators of African economies.

The low income countries include Nigeria, Benin, Burkina Faso, Burundi, Central African Republic, Chad, The Gambia and Ghana. The others are Mozambique, Malawi, Niger, Togo and Zambia.

The publication also lists 13 other African countries as lower middle income countries. These countries have a gross national income per capita between US$785 and US$3,115.

The countries in this category are Angola, Algeria, Cameroon, Cape Verde, Congo, Cote d’Ivoire, Egypt, Djibouti, Lesotho, Morocco, Swaziland, Tunisia and Sudan.

Eight other counties are rated as upper middle income economies as these countries have a gross national income per capita between US$3,116 and US$9,636: Libya, Botswana, Equatorial Guinea, Gabon, Mauritius, Namibia, South Africa and Seychelles .

Source African Press Agency

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