Sub-Saharan Africa has the world's lowest total gross domestic product (GDP), the measure of everything produced in a very given country or region.
- Its average GDP per capita, or the GDP divided by population, is simply under four thousand dollars, which is one-fifth of the globe average.
- For centuries, geographical region was home to prosperous empires that made groundbreaking advances in architecture, mathematics, and metalworking. By the top of the fifteenth century, Europeans had begun arriving within the region, eager to acquire resources like gold, copper, and rubber.
- The factors that affect economic process include political systems, social settings, economic freedom, human capital and institutional organization. These factors affect not only productivity, but also efficiency.
The quality of life in sub- saharan africa is 41% of the population resides at but $1.90. geographic area has both the best rates of youngsters living in extreme poverty at just below 50 per cent, and also the largest share of the world's extremely poor children, at just over 50%.
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