Money makes the world go round. Although this might bring a debate depending on your perspective, money can help people to become powerful. The richest people tend to become the most powerful in the world. In essence, if a country has an impressive workforce, economy is booming.
However, there are countries that are rated as the poorest in the world. There is a big difference between the rich and the poor in the world. Even the term “poor” differs from one person to another. Take a look at the poorest countries in the world based on their GDP per capita.
The Poorest Countries In The World
1. Malawi (GDP: $226.50)
With a population of 16 million and one of the smallest nations in Africa, comes first as the world’s poorest country. It faces a great destruction in every available categories. Likewise, access to healthcare, education and overall standard of living are limited.
2. Burundi (GDP: $267.10)
Because of the political disputes, recurring violence has occurred. With over 300,000 civilian casualties, the warring political parties in Burundi make the agricultural development farfetched. The country has 67% poverty rate.
3. Central Africa Republic (GDP: $333.20)
Because of the recurring political instability as well as the victim to war, the Central Africa Republic made it to this list. The country has poor infrastructure which limits its distribution of resources.
4. Niger (GDP: $415.40)
Niger remains to be the most underdeveloped countries in the world in terms of different categories. The efforts to make Niger a better nation are almost non-existent. Although Niger is rich in gold, oil and uranium, the constant shift in climate and weather are the determining factors.
5. Liberia (GDP: $454.30)
Because of the Second Liberian War, the economy of Liberia has become stagnant. The 14-year turmoil in the country has left the people with ravaged lands and finite resources. Because of the extremely low technology in farming, Liberia continues to be one of the poorest countries in the world.
6. Madagascar (GDP: $463)
Madagascar’s standard of living has not seen any progress in the last 20 years. The nation has 70% poverty rate, which is why it remains as one of the poorest countries in the world. It lacks the farming land it needs to grow crops, as well as being affected by the growing population.