GDP per capita is often considered an indicator of the standard of living of a given country, as it reflects the average wealth of each person residing in a country. It is therefore the standard method used to compare how poor or wealthy countries are in relation to each other. With 2018 coming to a close, we decided to take a look at our forecasts for GDP per capita from 2019 to 2023 for the 127 countries we cover to get an idea of what countries are the poorest currently and which will be making a leap toward becoming wealthier in the coming years. The projections used in this study are Consensus Forecasts based on the individual forecasts of over 1000 world renowned investment banks, economic think tanks and professional economic forecasting firms.
As one might imagine those closest to the top of the list are mostly emerging markets and least developed countries of which the majority are from Sub-Saharan Africa. Similar to our ranking for the most miserable economies, this is on...
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