The world is full of contradictions. On one hand, some developed countries have become superpowers and are indulging in their excesses while on the other hand some of the under developed countries are so poor that they do not have enough resources to feed their population. To add to their misery, some of these poor countries have to bear the brunt of constant war and conflicts. Their economy is in deep slumber and they cannot afford the benefits of education and technology. Globalization has created a wide spasm between the developed, developing and under developed countries of the world. Here is the list of some of the poorest countries of the world!
Togo is a small Sub Saharan country with a GDP per capita of $899. Approximately one half of the population of Togo lives below the international poverty line of US $1.25 a day. Togo consists of 99% African population which includes 37 tribes. Togo’s economy was supported by the World Bank and the International Monetary Fund for almost a decade. Political unrest and incessant strikes have disrupted Togo’s vital economy and brought it to a standstill.
Malawi is a landlocked country in southeast Africa which is nicknamed “The Warm Heart of Africa”. Malawi is considered one of the world’s least developed and most densely populated countries. Malawi’s economy is dependent on substantial aid from the World Bank, the International Monetary Fund and other countries. The country’s economy runs through agricultural activities. Moreover, the country suffers many major setbacks such as the spread of HIV Aids enormously.
8. Sierra Leone
Sierra Leone is a West African country with a per capita GDP of $ 849. About sixteen ethnic groups inhabit Sierra Leone, each with a different language and lifestyle. The country is quite rich in minerals and diamond exports form a major part of the economic base of the country. However, due to a protracted civil war, the economy of the country was badly hit. Slowly and steadily, the country is recovering from the setback and is on a smooth path of progress. Still, not much transition has been made as 70% of the population lives in poverty.
Niger is a landlocked country in Western Africa named after the Niger River. Niger has a gross domestic product per capita in Parity Purchasing Power (PPP) in terms of US $ 771, which is actually the lowest in Africa. The economy of Niger is heavily dependent on subsistence agriculture and uranium deposits. The country is trying to improve its health care, primary education and has directed its focus towards poverty reduction.
6. Central African Republic
The Central African Republic is a landlocked country in Central Africa. The country has a per capita GDP of $ 768 and remains one of the poorest countries in the world. The country’s economy is largely dependent on agriculture and the export of diamonds. However, even export trade is hindered by its landlocked position. Food crops are not exported in huge amount but diamonds account for 40-55% of export revenues. The per capita income of the country is one of the lowest in the world due to various hindrances in business.
Eritrea is bordered by Sudan to the west, Ethiopia in the south and Djibouti in the east. The country has a population of about six million inhabitants and the country’s economy is slowly progressing due to worker remittances from abroad. Eritrea is rich in resources such as copper, gold, granite, marble and potash.
Burundi is a landlocked country in the African Great Lakes region of Southeast Africa. The country is extremely poor with a per capita GDP of $ 615. Burundi is a victim of everlasting civil wars and as a result approximately 80% of Burundi’s population lives in poverty. Children suffer from chronic malnutrition while famines and food shortages are commonplace. The country is highly dependent on foreign aid and the country’s population has the lowest satisfaction with life in the world.
Zimbabwe is a landlocked country located in Southern Africa. The country has a per capita GDP of just $ 487. More than 20% of the population lives with HIV and AIDS. Mineral exports are the main foreign currency earners of Zimbabwe. The country also boasts of having the biggest diamond found in over a century. The life expectancy of the population is quite low and Zimbabwe on the whole is extremely poor.
Liberia is a country in West Africa with a per capita GDP of $ 456 which is one of the lowest in the world. The Liberian economy has depended heavily on foreign aid. The incessant wars have exploited Liberia’s economy to a great extent. Rubber and Timber exports constitute the main contributions to the country’s economy.
1. Democratic Republic of the Congo
The Democratic Republic of the Congo is a country located in the African Great Lakes region of Central Africa. It is the eleventh largest country in the world by are but has a per capita GDP of just $ 348. The country is considered quite rich in natural resources but all its resources have gone untapped. Its citizens are the poorest people on Earth despite the country’s wide potential.