The 10 worst African economies

Far from “African economic miracle”, some African countries accumulate deficits that are often compounded by disastrous political crises delays. African economic miracle?  No, the continent’s economy is not at its best in 2011. The Arab revolutions, the political crisis in Côte d’ Ivoire, or the rising price of oil and the resulting inflation, are all reasons why the African Development Bank (ADB ) have to provide an economic slowdown this year .

African economies

The 54 continental states are not all in the same boat. The 2011 ranking in Forbes magazine, which takes into account the whole world, puts Madagascar in the lead of the worst economic damage of the past three years. The Big Island started to sink in 2009, in a political crisis that caused a decline in growth.

To achieve this , Forbes list of the 10 countries in the world that currently have the lowest rate of growth of real gross domestic product ( GDP) (source: CIA World Factbook ) . The same ranking is based on projections by the International Monetary Fund [PDF] (IMF) in 2011, and the rate of corruption (PDF) measured by Transparency International. Because it “affects the whole economic development, not just income,” stated a member of the NGO to Forbes.

It is set below as a ranking, not the “worst” world economies such as Forbes, but the “worst” African economies. However, the method is the same as the U.S. magazine: it is based on the clues provided by the CIA, the IMF, the World Bank and Transparency International. In addition, the Human Development Index [PDF] (HDI) is also taken into account. It is calculated by the United Nations Program for Development (UNDP) from the national averages of life expectancy, level of education and standard of living (GDP per capita).

As noted by the author of the Forbes article, Daniel Fisher, do not be surprised not to see it include Somalia. As well as holding the sad record of the most corrupt, it also has indicators showing they are economically and technologically, a less advanced country , however, Somalia now has a more stable GDP growth than in many countries in the “top 10″ below.