Growth in gross domestic

African GDP growth

Tanzania for example, which saw an average of 6% GDP growth over the last several years, has grappled with this disconnect. “At the macro-level, we may be doing well, but it does not touch the unemployed or those involved in the informal economy, ” a former cabinet minister told Quartz.

However, the latest data from the Pew Research Centre shows that there has been significant poverty reduction in some African countries.

The reduction of poverty and increase in the ranks of the slightly better-off “low-income” category is good news, but the challenge remains that many African countries have not been able to transition people into the middle class.

Africa is still the poorest region in the world overall: With nine out of 10 people either poor or low-income, the continent is home to 20% of the world’s poor, the data shows. In some countries virtually the entire population is poor or low-income. The picture is somewhat brighter in Seychelles, Tunisia, South Africa, Morocco and Egypt, where 20% are either middle income or better off.

Source: qz.com
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