Top 10 Poorest Countries In The World
Just as it is awesome to study the world’s richest countries, it is also important to study countries that are considered to be poor. This is because the United Nations want to help poorer countries improve the overall quality of life for citizens of those countries.
The poorest countries in the world are classified as low-income economies in the four-tiered World Bank ranking system. This ranking is gotten by using the country’s gross national income (GNI) per capita (The country’s total income divided by its population).
Top 10 Poorest Countries In The World
Burundi, officially the Republic of Burundi is a landlocked country in the Great Rift Valley. The capital cities are Gitega and Bujumbura. The bouts of ethnic cleansing, two civil wars, and genocides during the 1970s and 1990s, left the economy underdeveloped.
Burundi is the poorest Country in the world with an estimated GDP (nominal) per capita of $272. It is the least developed country that faces corruption, instability, poverty, illiteracy, authoritarianism, e. t. c.
2. South Sudan
South Sudan, officially Known as the Republic of South Sudan, is a landlocked country in Central Africa. Juba is the capital and largest city.
As of 2011, the country had little existing infrastructure and the highest maternal mortality and female illiteracy rates in the world. South Sudan is highly dependent on Agriculture but also contains many natural resources like petroleum, Gold, silver, Hardwoods, limestone, e. t. c.
It is the second poorest Country in the world with an estimated GDP (nominal) per capita of $303.
Malawi, officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly Known as Nyasaland.
The country’s capital is Lilongwe and it is nicknamed “The Warm Heart of Africa” because of the friendliness of its people. It is one of the world’s least-developed countries with a low life expectancy and high infant mortality. The main agricultural products of this country is Cotton, tea, tobacco, sugarcane, corn, potatoes, sorghum, cattle and goats.
It is the third poorest Country with an estimated GDP (nominal) per capita of $625.29.
Mozambique, officially the Republic of Mozambique is a country located in South Eastern Africa. Its capital and largest city of the country is Maputo. Mozambique is classified by IMF as a Heavily Indebted Poor Country.
It is the fourth poorest Country in the world with an estimated GDP (nominal) per capita of $547.
5.Democratic Republic of the Congo (DRC)
The Democratic Republic of the Congo, informally Congo-Kinshasa, DR Congo, the DRC, the DROC or the Congo, is a country in Central Africa. It is the second largest country in Africa and the eleventh largest in the world by area.
The country is the most populous, officially Francophone country in the world. The DRC is very rich in natural resources but has suffered from lack of infrastructure, Political instability, corruption, plus centuries of both commercial and Colonial exploitation with little widespread development.
It is the fifth poorest Country in the world with an estimated GDP (nominal) per capita of $669.
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6.Central African Republic
The Central African Republic, is a landlocked country in Central Africa. As of 2022, the Central African Republic is the scene of a civil war, going on since 2012.
It is among the top poorest countries despite its mineral deposits and other resources like diamonds, gold, crude oil, Cobalt, lumber and hydropower. This country is also estimated to be the unhealthiest country and the worst country to be young.
It is the sixth poorest Country in the world with an estimated GDP (nominal) per capita of $480.
Afghanistan, officially the Islamic Emirate of Afghanistan, is a landlocked country located at the crossroads of central and South Asia. Its capital is Kabul and is also the country’s largest city.
Afghanistan has dealt with high levels of terrorism, poverty and child malnutrition, due to the effects of war. This country is rich in natural resources like lithium, Iron, zinc and copper. It is also the largest Producer of Opium.
It is the seventh poorest Country in the world with an estimated GDP (nominal) per capita of $499.
The Republic of Madagascar, is an island Country in the Indian Ocean. It is the world’s second largest country that consists primarily of islands, after Indonesia. Madagascar’s other sources of growth are agriculture, tourism and the extractive industries.
The country ranks fourth in the world in terms of chronic malnutrition, plus access to water is the most difficult for the population.
Madagascar is the eight poorest Country in the world with an estimated GDP (nominal) per capita of $514.
Sierra Leone, officially the Republic of Sierra Leone, is a country on the Southwest coast of West Africa. The capital and largest city is Freetown. Sierra Leone is rich in natural resources like diamond, gold, bauxite and aluminum. The country has a high level of unemployment, especially among the youth and ex-combatants.
This country has the largest natural harbor on the African continent, yet it is the ninth poorest Country in the world with an estimated GDP (nominal) per capita of $518.
Niger, officially the Republic of the Niger, is a landlocked country in West Africa. The capital is Niamey and it is located in Niger’s Southwest corner. Its economy centers on subsistence crops, livestock and some of the world’s Largest uranium deposits.
It is the tenth poorest Country in the world with an estimated GDP (nonimal) per capita of $535.
The strongest industries of most of this poorest countries are agriculture, mining, manufacturing and raw materials. They might be extremely low on the standards of living but they have an economic potential for future growth. However, not all of the world’s poorest countries rank among the world’s least developed nations or third world nations.
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