The list of poorest country in the world is ranked according to International Monetary Fund’s gross domestic product per capita (GDP per capita) report and reflecting the countries with the lowest purchasing power parity (PPP). Most of the countries listed here are located in Africa.
According to the World Bank, about 1 billion people living in extreme poverty and according to them, world poverty will end by 2030.
Here is a list of top 10 most poorest country in the world:
1. Democratic Republic of the Congo
Democratic Republic of Congo is first on the list of poorest countries in the world with the lowest GDP per capita than any other country. The Congo War beginning in 1998 has made it the poorest. The congo war had killed 5.4 million people.
Zimbabwe comes second on the list with lowest poverty rate and better social indicators than most African countries. The majority of Zimbabwe’s poor population (88%) live in rural areas. In addition to the economic problems the life expectancy of Zimbabwe is the lowest in the world – 37 years for men and just 34 for women. In Zimbabwe, people earned $589.25 on average in 2013.
Burundi has a history of violence and known for tribal and civil wars. A conflict has contributed to widespread poverty, as a result, its the third poorest country in the world. Burundi ranks in 167th among 177 countries on the 2007 UN Human Development Index. The per capita Gross National Income (GNI) of Burundi in 2007 was 100 USD. Approximately 80% of Burundians live in poverty and according to the World Food Programme 57% of children under 5 years suffer from chronic malnutrition and 93% of Burundi’s exports revenues come from selling coffee.
Liberia is still not recovered from the effects of a 14-year civil war. The civil war has left the country in a fragile state. About 80 percent of Liberians population lives below 1.25 USD per day. The United Nations’ Food and Agriculture Organisation classifies Liberia as a low-income, and food-deficit country.
In the 19th century, Italians colonized the Eritrea to control the sea route of the Suez Canal and for the same reason the British conquered it in 1941. Eritrea’s economy is mainly based on agriculture as 60 percent of the population relies for food and income on agriculture. An annual per capita income of Eritrea is 150 USD and about 53 percent of the country’s households are below the poverty line.
6. Central African Republic
Central African Republic is one of the poorest countries in the world despite it has mineral resources like crude oil, gold, diamonds, lumber, hydropower and its arable land. Central Africans Republic’s 40–55% of export revenues comes from diamonds. Central Africans lives on 1 USD per day.
Niger is one of the world’s least developed nations in the world. The population of Niger is more than 16 million and is growing at an annual rate of 3.3 percent. With 80% of its land is covered by the giant desert of Sahara. And about 76 percent of its people living on less than 2 USD a day, one of the lowest in Africa.
With 53% (2004) living under the poverty line, Malawi has one of the lowest per capita incomes in the world. Malawi was approved for relief under the Heavily Indebted Poor Countries program. The US granted Malawi eligibility status to receive financial support within the Millennium Challenge Corporation (MCC) initiative.
Madagascar’s large source of income comes from tourism, agriculture and the extractive industries. About 69% of the population lives below the national poverty line threshold of 1 USD per day.
Afghanistan’s GDP per capita is $1072 due to the wars and lack of foreign investment. About 42 percent of the country’s total population lives below the national poverty line. The unemployment rate in Afghanistan is 35% and about 42 % of the population lives below 1 USD per day.