In these countries, average incomes have more than doubled since 1990
Economic growth is most important for the world's poorest people, and most of the world’s poorest live on the African continent. Are Africa’s economies growing?
The picture is mixed. In some countries, incomes have unfortunately declined in the last decades. This includes Madagascar, Zimbabwe, and Burundi. I have written about this in my brief explainer on extreme poverty.
In today’s Daily Data Insight, I want to focus on the other side: I want to highlight the African countries that are achieving economic growth. Nine of them are shown in the chart above.
In all nine countries, people’s average incomes have more than doubled since 1990.
This made substantial improvements in living standards possible: the share of people in extreme poverty and the rate of child mortality declined in all nine countries.