Source:
International Monetary Fund, World Economic Outlook Database, November
2015
Per Capita Income, Current US$
Country
1980
2015
%
change
Benin
461.169
708.987
54
Burkina Faso
291.201
631.372
117
Cabo Verde
541.435
3,127.28
478
Chad
167.345
1,010.55
504
Côte d'Ivoire
1,256.06
1,318.81
5
The Gambia
611.169
384.243
-37
Ghana
2,591.64
1,401.44
-46
Guinea
n/a
545.644
n/a
Guinea-Bissau
206.197
582.243
182
Liberia
n/a
469.086
n/a
Mali
250.19
672.226
169
Niger
461.461
403.441
-13
Nigeria
911.133
2,758.41
203
Senegal
620.162
934.643
51
Sierra Leone
510.92
675.18
32
Togo
518.773
578.11
11
There are sharp peaks and troughs, no doubt caused by war, currency
devaluation and other socio-economic crises, but the chart and table
above turn up some interesting results. The highest income earners are
in Cape Verde, a small economy,
followed by Nigeria, the largest economy. These are followed by Ghana,
Ivory Coast, Chad
(technically in Central Africa) and Senegal. The Chadian case points up
the dangers in looking only at GNP per capita figures in assessing a
country's development. The country has been associated for years with
war, political instability, corruption, dictatorship and, yes, poverty.
And yet it ends up in the first tier of the countries surveyed. In 1980
Chadians were by some distance the poorest
of the countries studied and stayed at or close to the bottom of the
list until 2003,
when their growth spurt began. Upon closer investigation, this
coincides exactly with commencement of oil production by a consortium
of international oil companies. It's unclear whether the money flowing
in from the oilfields is actually benefitting ordinary Chadians.
There is a gap between these
top six earners and the balance nine which are all grouped close together in
the $400 to $700 region. Interestingly, these top six high earners,
with the exception of Cape Verde, really only started pulling away from
the rest around the turn of the century. In 2000 Gambia and Senegal had
approximately the same per capita income. By 2015, the IMF estimate was
that Senegalese were earning almost 2.5 times their Gambian neighbours.
What caused this growth spurt by the high earners should be a
worthwhile topic for further study. The Gambia, sometimes thought of as
something of a success story under Yahya Jammeh shows a very different
picture in these statistics. It's one of three countries that actually
showed a decline
in per
capita income during the 35-year period (Ghana's case is perhaps due to
the instability of the period of military rule), and ends up at the
bottom of the list of West African
income.