#EAC : ๐ง๐๐ผ ๐ฑ๐ฒ๐ฐ๐ฎ๐ฑ๐ฒ๐ ๐ผ๐ณ ๐๐๐ ๐ด๐ฟ๐ผ๐๐๐ต ๐ผ๐ป ๐ผ๐ป๐ฒ ๐ฐ๐ต๐ฎ๐ฟ๐
1. The dumbbell chart below by
@HollyEude tracks real GDP per capita across seven EAC member states, comparing 2005 with 2024 in constant 2015 US$ (World Bank WDI).
2. Each pair of dots and the line between them captures where each country started, where it ended, and the magnitude of the change.
The story is one of extreme divergence within the same regional bloc.
3. ๐ฅ๐๐ฎ๐ป๐ฑ๐ฎ ๐ถ๐ ๐๐ต๐ฒ ๐๐๐ฎ๐ป๐ฑ๐ผ๐๐. Per capita income jumped 140%, more than doubling from roughly $440 to over $1,060. Few African economies have managed a transformation of that scale over twenty years.
4. ๐ง๐ต๐ฒ ๐บ๐ถ๐ฑ๐ฑ๐น๐ฒ ๐ด๐ฟ๐ผ๐๐ฝ ๐ต๐ฒ๐น๐ฑ ๐๐๐ฒ๐ฎ๐ฑ๐. Somalia ( 69.6%), Tanzania ( 64.8%), Uganda ( 63.2%), and DRC ( 57.6%) all delivered meaningful per capita gains. Somalia's performance, despite the security environment, deserves a closer look.
5. ๐๐ฒ๐ป๐๐ฎ ๐ฟ๐ฒ๐บ๐ฎ๐ถ๐ป๐ ๐๐ต๐ฒ ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ ๐น๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ but grew "only" 52%. Higher starting base, slower catch-up. The familiar signature of a semi-mature lower-middle-income economy.
6.๐๐๐ฟ๐๐ป๐ฑ๐ถ ๐ถ๐ ๐๐ต๐ฒ ๐ผ๐๐๐น๐ถ๐ฒ๐ฟ ๐ถ๐ป ๐๐ต๐ฒ ๐๐ฟ๐ผ๐ป๐ด ๐ฑ๐ถ๐ฟ๐ฒ๐ฐ๐๐ถ๐ผ๐ป. Real per capita income rose just 7.1% over twenty years. The average Burundian today is essentially as poor as they were in 2005.
The takeaway:
- The EAC is no longer one economic story. Rwanda has graduated into a different growth class.
- The middle is converging slowly. Burundi has been left almost entirely behind.
- In 2005, Rwanda's per capita income was roughly 1.8 times Burundi's. By 2024, it is over 4 times higher.
- For a regional integration project built on the premise of shared prosperity, that widening gap is becoming harder to ignore.
Chart:
@HollyEude | Data: World Bank WDI
#EAC #Africa #Rwanda #Burundi #EconTwitter #DevEcon
โYou can expect more graphs with different shapes and patterns. ( scatter plots, lollipop plots , dumbbell plots etc..) each graph showing a specific economic aspect of the data at hand.โ I loved this. Similarly, ECG can have different readouts D-on the heath status of the โค๏ธ.