top 10 poorest countries in the world that have the lowest GDP per capita. There are different ratings that claim that some particular countries can be called the poorest in the world now, but we have taken as a base the information provided in the report (World Economic Outlook, dated October 2018) by International Monetary Fund (IMF).
10 poorest countries in the world 2018
#10. Yemen - GDP per capita - $925.62
Yemen is the poorest country of the Arabian Peninsula. About half of Yemenis aged from 18 to 24 are not able to find work. The country is rich in oil, but due to the turbulent political situation in the country, the level of production has dropped sharply.
Currently, the country is in a state of civil war, because of this, the country's authorities have closed visits to a number of attractions for tourists. Yemen has other resources like oil, fish, rock salt, marble; small deposits of coal, gold, lead, nickel, and copper. The country has the perspectives to become rich, but the political situation does not let it happen.
#9. The Gambia - GDP per capita - $739.94
The Gambia is the smallest African country with a population of about 1.8 million people and an area of 10,689 square kilometers. The economy of the Gambia is mostly made up of tourism, agriculture, and fishing. The Gambia is placed below the international poverty line, and it is in the top of the poorest countries in the world according to www.businessinsider.com.
#8. Sierra Leone - GDP per capita - $495.86
Sierra Leone is one of the largest diamond manufacturers in the world. In 1991-2001, many people were killed in the civil war, and as a result of the war, people became even poorer than they had been before. At least 500,000 people migrated to neighboring Guinea and Liberia. About 66% of the adult population is illiterate. The health care system is also terrible. Sierra Leone has one of the highest rates of infant mortality and low life expectancy in the world.
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#7. Mozambique - GDP per capita - $481.25
One of the 10 poorest countries in the world 2018 is Mozambique. The republic is located on 801 thousand square km in Southeast Africa.
The 16-year civil war turned it into ruins and almost destroyed the economy. Now Mozambique is on the list of unfavorable states for life that are highly dependent on foreign aid. The country owns rich natural resources; however, this cannot make the situation better. There are abundant natural reserves of coal and natural gas, and on the Mozambique territory, there is the largest in Africa hydropower plant, which provides with electricity not only Mozambique but also South Africa and Zimbabwe.
28.8 million people live in the state, and more than a half of then live in the terrible poverty. The situation is greatly complicated by the increased crime level, overcrowding, and unemployment.
#6. Democratic Republic of Congo - GDP per capita - $478.32
Democratic Republic of Congo has a population of 70 million people – one of the largest populations in the world.
The state has almost unlimited resources for water, forests, and minerals, but it is still considered the poorest in the world. The reason is underdeveloped economy and instability, the ongoing military clashes and victims counted by millions of human lives. The average life expectancy of the residents of the Democratic Republic of Congo is 48 years. The health care system in the country is not developed, medical services are not accessible to many people and children, and therefore mass diseases of malaria and fever are frequent. People are hungry - almost half of the inhabitants eat only once a day. Cannibalism is widespread in some provinces.
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#5. Madagascar - GDP per capita - $474.78
The relatively small state of Madagascar, with its capital Antananarivo, demonstrates to the world one of the lowest indicators of the level of welfare of the local people. After the country gained its independence in 1960 and ceased to be a French colony, its economy deteriorated significantly.
The main activity of the inhabitants of Madagascar is the agriculture and textile industry. In recent years, there has been a slight development of tourism. Travelers began to come here to look at unique animals that you can no longer see in any other country.
In 2007, the government of the state set a course for the development of mineral resources. This industry is up-and-coming, so there is a reason to believe that in the nearest future Madagascar will fall out of our rating.
#4. The Central African Republic - GDP per capita - $454.07
The Central African Republic gained its independence only in 1960. Since then, revolutions, civil wars, and other armed conflicts have never stopped in the country. The Central African Republic possess significant natural resources – the deposits of diamonds, uranium, gold, and oil.
However, because of the never-ending internal military conflicts, it remains one of the poorest countries in the world. One of the most pressing problems for people in Central Africa is drinking water. Water is filthy there, and not everyone has access to it. Another problem in the country is the difficulty of obtaining medical care. Hospitals are not situated in every town, and you still need to get to them. Besides, there are no roads or streets in the country (even in the capital). The houses are located in random order among the paths!
#3. Malawi - GDP per capita - $349.13
Even though there are substantial mineral reserves in Malawi, the vast majority of residents live below the poverty line. Nobody develops deposits, 90 % of the population is engaged in the agriculture. The industry of this country is represented by small enterprises involved in the producing of tobacco and tea. Malawi is not only one of the poorest countries in the world in 2018. The life expectancy there is minimal, and the incidence of serious illnesses, including HIV, reaches enormous heights.
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#2. Burundi - GDP per capita - $306.97
Burundi is a small country and is located in eastern Africa. It ranks among the most densely populated states on the continent. Its economy is mainly based on agriculture, tea, coffee, and cotton. In the depths of Burundi, there is gold, nickel, uranium, Ore. Almost 80% of residents barely make both ends meet. The number of HIV-infected aggravates the situation. Burundi is one of the leaders in the world concerning the number of HIV-infection cases. There are not enough medical facilities in the country, and far from all can benefit from medical care. On average, Burundians live to the age of 48.
We bring you the name of the poorest country in the world. Have you already guessed? Then go on reading to find out the answer!
The poorest country in the world
Do you still want to know what the poorest country in the world is? According to many soutces, including businessinsider.com, agree that the country with the highest poverty rate is South Sudan with GDP per capita $246.
#1. South Sudan
South Sudan is a young state in the heart of Africa, formed after the separation of Sudan in 2011. The main occupation of the state is oil export, and the rest of the economy is very poorly developed. There is almost no industry in the country. Over 50% of the population live below the poverty line. After the division of the country, the situation does not improve, since it is landlocked, it depends heavily on its northern neighbour with its ports, and therefore is not very attractive even as a source of natural resources.
As can be observed the majority of the poorest countries in the world are located in Africa. However, almost all poorest countries have a vast variety of precious natural resources: oil, gas, diamonds, and gold, etc.
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