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GDP growth

Using Knowledge to Fight Poverty in Africa

Kathleen Beegle's picture
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Photo Credit: @Gates Foundation. A girl plays with a bicycle tire in the slum of Korogocho, one of the largest slum neighborhoods of Nairobi, Kenya
 
Although sub-Saharan Africa has had sustained economic growth for almost two decades, the incidence of extreme poverty in the region remains staggeringly high. Our best estimate is that in 2010 almost one in every two (49%) Africans lived on less than U$1.25 per day (at 2005 prices).

This is an impressive decrease from 58% in 1999, but at the same time there is a general sense that progress has been too slow. Africa is rising, with GDP growth rates upwards of 6% between 2003 and 2013 (if one excludes richer and less dynamic South Africa) but the poor’s living standards are not rising as fast as GDP.