World Bank projects Africa’s per capita GDP growth at 1.8%, poverty at 47.8% in 2026
Sub-Saharan Africa’s per capita GDP growth is projected to rise to 1.8% in 2026, but nearly half of the region’s population is still expected to live in poverty, with the poverty rate projected at 47.8%. The post World Bank projects Africa’s per capita GDP growth at 1.8%, poverty at 47.8% in 2026 appeared first on Nairametrics .
The World Bank has projected that Sub-Saharan Africa's per capita GDP growth will reach 1.8% in 2026, but nearly half of the region's population will still be living in poverty, with the poverty rate expected to be 47.8%. Despite the World Bank raising its 2026 economic growth forecast for Sub-Saharan Africa by 0.3 percentage points to 4.3%, the projected improvement in income per person is insufficient to significantly enhance living standards.
This is mainly due to households being exposed to conflict, declining development assistance, high debt-service costs, and climate shocks. Additionally, many poor households are concentrated in low-productivity informal activities and subsistence agriculture, limiting the extent to which overall economic growth translates into higher incomes.
The absolute number of poor people is still increasing as population growth outpaces the modest decline in the poverty rate.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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