Out of 189 countries reviewed, Nigeria came in at 178th place, with an average economic output of just $807 per person.
The report explained that while Nigeria is one of Africa’s largest economies by total GDP, its massive population drags down its GDP per capita, a key measure of individual wealth.
“GDP per capita offers a quick litmus test of how wealth is generated per person within a country. By dividing total economic output by population, it levels the playing field between nations of very different sizes,” the report stated.
South Sudan was listed as the poorest country globally, with a GDP per capita of $251, followed by Yemen, Burundi, the Central African Republic, and Malawi.
