"World’s 10 Poorest Countries in 2024"
As of 2024, the top ten poorest countries in the world based on GDP-PPP per capita are:
South Sudan - $455
South Sudan has been plagued by violence and instability since its creation in 2011. Despite rich oil reserves, political and social turmoil have severely hindered economic development (Global Finance Magazine) (Concern Worldwide).Burundi - $916
Burundi faces significant challenges due to its lack of natural resources and the lasting effects of a civil war that ended in 2005. The country heavily relies on subsistence agriculture, with high rates of food insecurity and limited access to basic services like electricity and clean water (Global Finance Magazine) (World Population Review) (Concern Worldwide).Central African Republic (CAR) - $1,123
Despite being rich in resources like gold and diamonds, the CAR has suffered from political instability and violence, which have kept it among the world's poorest countries for many years (Global Finance Magazine) (Concern Worldwide).Democratic Republic of the Congo (DRC) - $1,552
The DRC is rich in minerals such as cobalt and copper but has been held back by decades of dictatorship, conflict, and instability. A large portion of the population lives on less than $2.15 a day (Global Finance Magazine).Mozambique - $1,649
Mozambique struggles with poverty due to political instability, natural disasters, and high levels of debt, despite recent economic growth driven by natural gas exports (Global Finance Magazine).Niger - $1,675
Niger faces significant development challenges, including frequent droughts, political instability, and a high population growth rate, which strain its limited resources (Global Finance Magazine).Malawi - $1,712
Malawi's economy is largely based on agriculture, with most of the population engaged in subsistence farming. The country faces challenges such as frequent droughts and food insecurity (Global Finance Magazine).Liberia - $1,882
Liberia is still recovering from the effects of two civil wars and the 2014-16 Ebola outbreak. Its economy relies heavily on natural resources, but development is hampered by political and economic instability (Global Finance Magazine) (Concern Worldwide).Madagascar - $1,979
Madagascar has a high rate of poverty, exacerbated by political instability and frequent natural disasters such as cyclones. The economy is primarily agrarian, with significant portions of the population involved in subsistence farming (Global Finance Magazine) (Concern Worldwide).Yemen - $1,996
Yemen is the only country on this list not located in Africa. Years of conflict and a severe humanitarian crisis have left nearly 80% of the population living below the poverty line (Global Finance Magazine) (Concern Worldwide).
These countries face a combination of challenges including political instability, conflict, reliance on subsistence agriculture, and limited access to resources and basic service
No comments:
Post a Comment