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Top 10 poorest countries in the world

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Top 10 poorest countries in the world

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10 poorest countries in the world
10 poorest countries in the world

The continent of Africa has its share of economic challenges, and it is no surprise that some of the world’s poorest countries can be found here. Data collected by World Global Economy provides insights into the poverty-ridden regions across the globe, with Africa topping the list. The ranking is determined by Gross National Income (GNI) per capita, a measure obtained by dividing a country’s total income by its population.

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Top 10 poorest countries in the world, according to Global Finance:

  1. South Sudan:
    Topping the list is South Sudan, a nation born out of an agreement that ended Africa’s longest civil war. Formed on July 9, 2011, from the southern regions of Sudan, this oil-rich country is plagued by inequality, social divisions, corruption, and limited economic diversity. The majority of its population relies on traditional agriculture and heavily depends on international humanitarian aid, making it highly vulnerable to factors like droughts and floods.
  2. Burundi:
    Having gained independence from Belgium in 1962, Burundi has struggled with violence even after the civil war’s end over 15 years ago. The country faces endemic corruption, security issues, and inadequate infrastructure, with limited access to electricity, sanitation, and clean water. Education is also lacking, and the nation suffers from high mortality rates.
  3. Central African Republic:
    This country ranks as the third poorest and most food-insecure globally, with alarming levels reported in the 2018 Global Hunger Index (GHI). The majority of its 5.4 million population lives below the poverty line, with a life expectancy of just 52.9 years. The Central African Republic has faced disruptions due to ongoing violence, leading to severe humanitarian crises, water shortages, and one of the world’s highest child mortality rates, despite its abundance in gold, oil, uranium, and diamonds.
  4. Somalia:
    With political instability, rising inflation, and a poor business environment, Somalia faces challenges in attracting investors and fostering economic growth. Additionally, the nation is highly susceptible to droughts, causing food scarcity, low vaccination rates, and weak economic forecasts.
  5. Democratic Republic of Congo (DRC):
    Despite being rich in fertile land, minerals, and precious metals, the DRC is considered one of the poorest countries due to its tumultuous past. Years of fighting, disease outbreaks, and political instability have led to a young population with the majority living in extreme poverty.
  6. Mozambique:
    Abundant in land, mineral resources, and energy, Mozambique still grapples with poverty due to corruption, political instability, and violence, including attacks by Islamic rebel groups in the northern region. Severe weather conditions, flooding, and crop destruction also contribute to food shortages.
  7. Niger:
    Desertification poses a significant threat to Niger, leading to high levels of food insecurity, disease, and mortality rates. The country experiences recurrent clashes between the army and the Islamic State (ISIS) affiliate Boko Haram, resulting in displacement and exacerbated poverty.
  8. Malawi:
    Economic constraints and heavy debt burden hinder Malawi’s development. The country lacks sufficient financial capabilities and faces power outages and inconsistent agriculture. Additionally, extreme weather events and rising commodity prices have worsened food scarcity and inflation.
  9. Chad:
    Despite possessing Africa’s tenth-largest oil reserves, widespread poverty prevails in Chad, ranking it as the ninth poorest country globally. Mismanagement of public funds and inadequate investments in infrastructure, health, and education have contributed to the nation’s economic struggles.
  10. Liberia:
    Recovering from the devastating Ebola outbreak, Liberia faces ongoing challenges of poverty, malnutrition, and limited access to clean water. Persistent malaria and gender-based violence are also prevalent, demanding urgent attention from the government.

These ten countries represent the economic struggles that continue to burden some parts of Africa. Addressing the root causes of poverty and implementing sustainable development strategies remain critical to improving the lives of millions of people across the continent. Thanks for reading don’t forget to follow us on Facebook

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