Top 10 poorest countries in the world
Top 10 poorest countries in the world
The Central African Republic:
The Central African Republic is the world’s most least developed country and top in the list of the poorest countries in the world. This is a country of population more than 4.5 million and is located in the central Africa. The total area of this country is 6,20,000 square kilometers. There was a lot of violence, corruption and misuse of political power, which resulted in this massive poverty level of the citizens of the country. Many people were dead in 2013 and almost a million people flee their homes due to the poverty levels in the country.
The Democratic Republic of Congo:
With a population more than 77 million people, The Democratic Republic of Congo is the 2nd largest African country. The area of this country is 2.35 square kilometers. The institutional, political and economic conditions of the country were hindered due to the conflicts it had for a long time. The country has vast resources which are not accessible by the common man of the country. Political fights and corruption are the two reasons for poverty in the country. In 1994, there was a depreciation of the currency and inflation, which made the economic condition worse.
Mozambique:
In the list of the poorest countries in the world, you have another African country Mozambique. The per capita income for the year 2018 is 486 USD, which is very low. This country has a lot of corruption and hence you can say that the name of the country is a synonym for corruption. This country lacks basic services and also there is no access to the agricultural equipment as well. But from that last one decade, this country has been trying really hard to bring up their economic status. Micro-economic reforms were developed by the government for economic growth.
Uganda:
A rapid economic expansion was experienced by this country Uganda in between 1990 to 2010. But after 2010, the economic growth of this country has slowed down and it is now one among the top 10 poorest countries in the world. The GDP of this country is 738 USD. A lot of refugees from its neighborhood, South Sudan have moved to Uganda and this has made the condition worse. But foreign investments have started to this country and that can help in creating a number of jobs in the coming future, which can help in eliminating the poverty to some extent.
Ethiopia:
If you take a look into the history of Ethiopia, it is always shown as a wealthy country and it can be surprising for many people to know that it is one of the poorest countries in the world. Yes, it has changed completely and is a poor country today. But there are many political reforms going on, which will help the country to get back to its normal position soon.
Tajikistan:
Sixth in the list, you have Tajikistan. Per capita income is just 836 USD and this quite low for any person to survive. In the year 1991, this country Tajikistan was able to get independence, but there was a civil war and its consequences lasted till 1997. After 1997, this country is trying to develop economically and was quite successful as well. In the coming future, this country is definitely going to have good wealth conditions.
Yemen:
Yemen is a middle-east country that is affected by war. The per capita income of the country is 998 USD. Even this country had to face the civil war and had to suffer its consequences. Almost half of the population of Yemen lives in the affected area and hence they will not even be able to enjoy the basic needs. The GDP of the country is expected to increase in the coming few years.
Uzbekistan:
Another country that falls into the list of top 10 poorest countries in the world is Uzbekistan. This is a country where there are a lot of commodities like copper, gold and also other natural gases, but they completely rely on Russia and China for trading. The government is making arrangements for liberalizing the economy.
Tanzania:
In the last few years, the economy of this country Tanzania is growing at a pretty slow pace, but it will soon be able to achieve a good economic condition. The number of people living below the poverty line has lowered in the last decade, but there is also a drastic growth in the population of the country and hence it is still the poorest country in the world.
Kyrgyzstan
This country Kyrgyztan has got its independence in 1991, but due to the bad and weak political parties, social stability and corruption, this country is still one of the poorest countries in the world.
Madagascar:
This country Madagascar another country in the top 10 poorest countries in the world. The poor government and political strife are the reasons for the poor economic conditions of this country. This country is mainly dependent on agriculture and exports coffee, rice, palm oil and silk. More than 70 percent of the population of Madagascar live below the poverty line.
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