Article is about the poorest country in the world and it also lists the name of other world’s poorest countries. There are many rich nations in the world which are well-developed and industrialized. On the other hand, there are poor countries which are highly under-developed and poverty-stricken since centuries. All of these top ten poor countries are from the continent of Africa.
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Top 10 Poorest African Countries- 2013 List
Name of Country
Per Capita Income
Central African Republic
Source: Global Finance Magazine.
#1) Democratic Republic of Congo – The Poorest Country in the World
GDP (PPP) per Capita: $364.48
Lying in the center of Africa, citizens of Democratic Republic of Congo are the poorest in the world. Its GDP is around $15 Billion and when compared to its 67 million inhabitants, its per capita income is the lowest in the world. Economy of this poorest country depends mainly on agriculture. Agriculture contributes nearly 65% to its output and employs more than half of labor force. According to some estimates, this world’s poorest country has some of the largest deposits of minerals which amount to $24 trillions. Second Congo War since 1998 has devastated the country and has hampered its growth.
#2) Liberia – Second Poorest Country on Earth
GDP (PPP) per Capita: $490.41
With a population around 4 million, Liberia is one of the few countries in Africa where English is official language. It is the world’s second poorest country in 2013 with its GDP around $2 billion. Very small GDP when compared to its population, make Liberia one of the poorest countries. This African nation has been plagued with civil wars which has destroyed its infrastructure. It relies on Forests products, minerals and agriculture for revenues.
GDP (PPP) per Capita: $516.47
High population and a very low GDP make Zimbabwe the third poorest country not only in Africa but also in the world. This poor African country was once affected by hyper-inflation due to its faulty economic policies. Located in Southern Africa, its involvement in Congo Wars drained million dollars of government’s money.
#4) Burundi – One of the World’s Poorest Countries
GDP (PPP) per Capita: $639.51
Another poor country, Burundi is a landlocked country located in the African continent. It is fourth poorest country in the world. Its economy is heavily dependent on agriculture and tea-coffee exports contribute to its small wealth. This poverty-stricken nation is home to significant deposits of Cobalt and Copper.
GDP (PPP) per Capita: $776.98
Sharing its borders with Sudan and Ethiopia, Eritrea is an agricultural country. Majority of its population do farming related activities. This world’s poor country has poor transport network along with short supply of electricity. It shares its sea borders with Saudi Arabia and Yemen.
#6) Central African Republic
GDP (PPP) per Capita: $789.21
Central African Republic (CAR) is another moneyless nation on Earth. It occupies the sixth spot on the list of top 10 poorest countries. Like other poor African countries, agriculture is the backbone of this country’s economy. It relies on foreign aid from international community especially from France. In the year 2012, the World Bank issued $125 million for development of transport network and regional trade.
GDP (PPP) per Capita: $863.46
Lying seventh on list of poorest countries is Niger. It’s per capita income is marginally greater than Malawi. It lies in the continent of Africa. It is plagued with problems of poor sanitation and shortage of basic amenities. In contrast to its poverty, this nation is home to some of the largest deposits of Uranium in the world. According to CIA, agriculture provides livelihood to about 90% of its citizens.
#8) Malawi – One of the World’s Poorest Country
GDP (PPP) per Capita: $882.67
A small country, Malawi has a small land area and comparatively big population. It is a landlocked country and highly densely populated. It is eight poorest nation on Earth. It has a high poverty rate, poor education rates, a weak legal system, a poor transportation network, overburdened utilities, and low administrative capacity.
GDP (PPP) per Capita: $926.67
Lying in Western Africa, Togo is officially known as Togolese Republic. It has a favorable climate for agriculture which supports majority of its inhabitants. It relies on foreign aid from other countries and World Bank. On the list of to 10 World’s Poorest Countries, it ranks ninth.
#10) Madagascar – Tenth Poorest Nation
GDP (PPP) per Capita: $948.86
Lying in the Indian Ocean is the country of Madagascar. It is located near the South Easter African coast and it is an island. A poor country, it has a very low standard of leaving. Leaving the path of Socialism, it followed the guidelines of World Bank and International Monetary Fund (IMF).in making itself a privatized and liberalized country. Since then, it has recorded a slow economic growth.