Top 10 Poorest Countries in the World by GDP per Capita (Updated)

Do you know the Top 10 Richest Countries in the World by GDP Per Capita. It is important to take poor countries into consideration as much as rich countries, as this is crucial for addressing global issues fairly. So, here the World’s #1 Source of Research-Based Content, The Daily Top 10, thought of bringing you the Top 10 Poorest Countries in the World by GDP per Capita.

There are a number of ways to measure the economic growth and wealth of a country. Here, we are going to discuss the poorest countries with the lowest Gross Domestic Product (GDP) per capita. GDP (Gross Domestic Product ) is calculated by dividing the gross domestic product of a country by its total population. So, the lower the GDP, the poorer the country is. These low-GDP countries face extreme poverty and even difficulties obtaining basic necessities.

So, if you are an explorer of global knowledge, this will be an important article for you. Without further delay, let’s see how the rankings of the Top 10 Poorest Countries in the World by GDP per Capita have done on our list. But before that, don’t forget to check out the list of Top 10 Richest Countries in Asia by GDP Per Capita.

What is the Poorest Country in the World by GDP per Capita?

A country can become economically unstable and poor for a number of reasons. They can be either political corruption, natural disasters, war conditions inside the country, or poor access to resources. If the country is suffering from extreme poverty, the possibility of other crises like conflicts, hunger, and social issues may increase. The African continent is known for having the poorest countries in the world, as their GDP per capita is low in contrast to other countries on other continents.

So, it is time to see what the Poorest Country in the World by GDP per Capita is. But before that, let’s see the rest of the Poorest Countries in the World by GDP per Capita according to our rankings. For your further knowledge, don’t forget to refer the Top 10 List of Richest People in the World and Top 10 List of Richest People in Asia.

TOP 10: Guinea-Bissau

Guinea-Bissau is a west-African country with about 2 million people. The country’s history contains political corruption and poor economic management, which lead it to rank as a poorer country in the world. Although agriculture is the main source of income in the country, there are few facilities to develop the agricultural sector.

According to the African Development Bank, risks from higher-than-expected oil costs and bad weather are among the country’s headwinds. The limited opportunities for education and poor infrastructure are another great threat to the economy of the country. There are several programs ongoing to overcome this extreme poverty. However, the country remains on the list of the world’s poorest countries.

TOP 9: Madagascar

Madagascar is an island located in the southern part of the continent of Africa. Although it is popular for its iconic flora and fauna resources, it is a considerably poor country. The major source of income there is agriculture, but it always gets affected by natural disasters. Madagascar is more vulnerable to natural disasters due to its location.

The Borgen Project says that the children on the island faced the hardest poverty. Mainly small children under age 5 suffer from malnutrition. Approximately half of the population under the age of 18 works in some capacity. Water shortages and sanitation are also major issues in Madagascar.

TOP 8: Central African Republic

The Central African Republic is on the African continent, and it is one of the most unstable countries in the world. Although the country is rich with natural resources like gold and uranium, they are misused illegally. This affected the country’s economy badly. An estimated 79 percent of the country’s 4.7 million people live in poverty.

According to the World Food Program, lack of productivity, inadequate markets, and significant gender inequality are all contributing causes of this poverty. The Central African Republic is one of the countries with the lowest life expectancies due to a lack of resources. The internal armed conflicts also make the country’s condition worse.

TOP 7: Democratic Republic of the Congo

The Democratic Republic of the Congo, located in Central Africa, is a country that represents one of the highest populations living in extreme poverty. It is considered a country where women and girls experience systemic discrimination and ostracism in particular. Although there are 84.1 million people in the country, 55% of the population resides in rural areas.

Opportunity International says that 72% of the population lives on less than $1.90 a day. The Democratic Republic of the Congo is also affected by the problems that other countries with extreme poverty have. The lack of opportunities to have an education is a critical problem in the republic. Although several programs are ongoing to improve the living conditions of the people in the Congo Republic, it still remains on the list of the poorest countries in the world.

TOP 6: Liberia

Liberia is situated on the west coast of Africa. The country is known to be poorer as well as the least developed country. The civil wars, political instabilities, and the effects of the Ebola virus affected the development of Liberia. According to Country Reports, the outbreak compelled the government to devote resources to battling virus spread, decreasing funding available for vital public investment.

The country is rich with natural resources like diamonds and gold. But they have been illegally exploited. The reason for conflicts within the country is also to achieve control over precious natural resources. Now the efforts are going to raise the country’s economic level, but it is going very slowly while going through challenges.

TOP 5: Niger

Niger is a Sahelian country in west Africa. It is at the bottom of the Human Development Index rankings due to its extreme poverty. The literacy rate of the country is also relatively low. Niger is a country that suffered from the disease leprosy as well.

Furthermore, the country’s vulnerability is worsened by its geographical location, as well as recurring food shortages and a volatile security environment, as stated in Oxfam. In border areas of the country, the people are affected by insecurity as an adverse effect of their poverty. The shortage of water is a major issue there, as two-thirds of the country is desert.

TOP 4: Mozambique

Mozambique is a country located on the southeast coast of Africa. It has been in a constant struggle for growth in recent years. But still, the country is considered one of the poorest countries in the world. Nearly half of Mozambique’s population is impoverished.

According to the Borgen Project, even after it gained independence in 1975, socialist policies and basic economic mismanagement have exacerbated the country’s poverty. The civil war within the country in the late 1990s contributed more to the country’s extreme poverty. The country is rich in valuable natural resources. But the majority is poor as the country’s wealth is centralized in the hands of a few elites.

TOP 3: Malawi

Malawi is a country located in southeast Africa. More than half of the country’s population earns so little that they fall below the poverty line. Currently, the country’s economy mostly depends on the considerable economic assistance inflows from different nations.

The county’s main economic activity is rain-fed agriculture. So, frequently, they are affected by natural disasters that cause losses. As a result, while urban living standards are generally increasing, food insecurity in rural areas is quite prevalent, as stated in Global Finance. As Malawi is a less developed country, the government has to put in lots of effort to deal with the nation’s requirements.

TOP 2: South Sudan

South Sudan is a developing country in East Central Africa. Although it could be a sustainable nation with its natural resources, due to corruption, scandals, inequality, and disasters, South Sudan remains the world’s poorest country. The conflicts within the country have also caused poor infrastructure.

According to Global Finance, outside of the oil industry, the rest of the population works in conventional agriculture. Conflicts, as well as alternating droughts and floods, frequently hinder farmers from planting or harvesting crops. As the country failed to achieve reform establishments, it was withdrawn from many international funding projects also.

TOP 1: Burundi

Burundi is a small country situated in eastern Africa. It is a landlocked country with limited resources and an underdeveloped industrial sector. The country faces a lot of serious problems due to its extreme poverty. Burundi has various basic challenges that have hindered proposed economic reforms from being implemented.

Country Reports say that most Burundians’ purchasing power has declined as pay increases have not kept pace with inflation, which reached around 18% in 2017. Efforts are being made to increase the country’s economic growth through the energy and mining sectors. Donors and the international community’s continued opposition will limit Burundi’s economic progress as the country confronts a substantial deficit in its current accounts. So, considering all those factors, we can say that Burundi is the Poorest Country in the World by GDP Per Capita.

What are the Poorest Countries in the World by GDP per Capita?

Global GDP per capita continues to increase year after year. There are 123 countries with per capita GDPs that are lower than the global average. According to the details we gathered, Burundi, South Sudan, Malawi, Mozambique, Niger, Liberia, the Democratic Republic of the Congo, the Central African Republic, Madagascar, and Guinea-Bissau are ranked as the Poorest Countries in the World by GDP per capita.

Here is the list of the Top 10 Poorest Countries in the World by GDP per Capita.

1. Burundi
2. South Sudan
3. Malawi
4. Mozambique
5. Niger
6. Liberia
7. Democratic Republic of the Congo
8. Central African Republic
9. Madagascar
10. Guinea-Bissau

We know that these countries face significant challenges due to their poor state. The living conditions of the people there are so pathetic. There are developments in each and every country to get rid of the current situation, and governments are trying hard for that. Even global communities are lending a hand in order to overcome this poor financial situation. In addition, check out our lists of the Top 10 List of Richest Women in Asia and Top 10 List of Richest Women in the World. So, if you have any ideas of another country in the world that is a poor country, add them in the comment section, so we can update on that information too.