Latest update on the poorest countries in the world currently. Life is always like a two-sided coin. There is always the good and the bad, the rich and the poor, the educated and illiterate and so many more pairs like that. In the world that we are, we have extremely rich countries and the ones that are always struggling to survive. We have 195 countries in the world today. Some of these countries are intensely rich, some have an average wealth, and some are just a long way below average. In this article, the countries with the highest poverty rate in the world will be looked upon. Read the below piece to know about the poorest nations in world in the latest 2020 reviews.
Top 10 Poorest Countries In The World 2020
Liberia is the poorest country in the world with a GNI per capita income of $710. Liberia is a country located in western Africa with an estimated population of 5.06 million people. The country is bordered by Ivory Coast, Guinea, Sierra Leone, and the Atlantic Ocean. Liberia has a landmass of 111,300 square kilometers and it is the 123rd most populated country globally. The country has about 16 local ethnic groups and other foreign minorities. The most recognized ethnic group in Liberia are the Gio, Manno, Bassa, Kpelle, Grebo, Vai, Gola, Kru, Kahn, Mandigo, Fantei, Dei, Bella, Mende and Loma.
Liberia is the most underdeveloped country in the world for now. Although, the country is rich in natural resources, yet it is still the poorest country due to its inability to manage these resources well. Liberia doesn’t have good infrastructural facilities and advances technology systems. The country’s main source of income is from timber and rubber exports. Other Liberia income comes from mining and foreign aids. Before the occurrence of civil war in the country, Liberia has a quite blossom economy. But the occurrence of the civil war wreaked great havoc to the country and is part of the reasons why they are the poorest.
2. The Central African Republic
The Central African Republic is a country in the central area of Africa with an estimated population of about 4.83 million people. The country is bordered by Chad, the Democratic Republic of Congo, Sudan, South Sudan, and Cameroon. The Central African Republic has 240,534 square miles as its landmass which makes it the 42nd largest country in the world. The country is the second poorest nation in the world with a GNI per capita income of $730. Although the population of the country continues to grow rapidly yet, there is no tangible change in their economic status.
The largest city in the Central African Republic is Bangui which is most times considered as one of the most dangerous cities to live in the world. The city is full of annihilations of every kind and various criminal acts. The Central African Republic has about 80 ethnic groups with diverse languages. The major ethnic groups in the Central African Republic are Baya, Banda, Fula, Sara, Yakoma, Mboum and M’baka. This country has a weak economy and a low development rate. Most of the residents of the Central African Republic engages in subsistence agriculture as a means of livelihood. The country itself only exports agricultural products such as peanuts, millets, maize, cassava, sorghum, and sesame. The money that is gotten from these exports is not enough to reach every citizen and this is a strong yardstick reinforcing their poverty.
Burundi is the third poorest African country with a gross national income of $770. The country is located in the southeastern part of Africa and it is bordered by countries like Tanzania, Congo, and Rwanda. Burundi has an estimated population of 11.89 million residents even with it being one of the poorest nations in the world. Burundi has a landmass of 10,747 square miles which makes it the 78th largest country in the world. The capital city of Burundi is Bujumbura, which is also the largest and most populous city in the country with about 500,000 residents.
Burundi is an undeveloped country that has low expertise on how to manage resources. The largest industry in Burundi is the agricultural industry which offers employment for over 70% of the country’s population. Although the country produces quite a high quantity of food products it is still one of the hungriest countries in the world due to its high population. The food provided in the country does not usually reach up to 40% Burundians. Apart from the country’s food shortage, it is also known for its incessant war and violence. Burundi also has a high level of illiteracy and corruption issues.
4. The Democratic Republic Of Congo
The Democratic Republic of Congo with one of the poorest economies in the world, has an estimated population of 91 million residents and also has a land area of 905, 567 square miles. It is one of the poorest countries in the world with a gross national income of $870. The country has been an impoverished nation for quite a long time. Although the country possesses mineral resources worth about $24 trillion, it still hasn’t gotten a tangible improvement to alleviate its poor financial situation. The Democratic Republic of Congo lacks basic infrastructural amenities such as good roads, electricity and good education. The country is known for its high corruption cases and the occurrence of diseases. The incessant occurrence of diseases is one of the major factors which contributes to the country’s poverty. There used to be high cases of malaria and HIV/AIDS in the country.
Niger is the fifth poorest country in the world with a GNI per capita income of $990. The country is situated in the western part of Africa and has an estimated population of about 24.21 million residents which makes it the 56th most populated country in the world. Niger got its independence from France in 1960 and had been ruled for a military regime before. Niger is bordered by Burkina Faso, Mali, Libya, Chad, Benin, and Nigeria. The country has an intensely low basic amenities and advances technology.
Malawi was formerly known as Nyasaland and it has an estimated population of 19.13 million residents. Malawi is the 62nd most populous country in the world. This country is located in the eastern part of Africa with countries and has Tanzania, Zambia, and Mozambique as its border countries. The country has a gross national income of $1180 which makes it the sixth poorest country in the world. The capital of Malawi is Lilongwe city. One of the major causes of Malawi’s poverty is the weather condition present in the country. The country does witness drought a lot which causes low agricultural productivity. This leads to a shortage of food and increases the number of malnourished residents. Apart from the bad weather condition the country face, there is also a high occurrence of diseases such as malaria, cholera, and AIDS.
Mozambique, one of the world’s poorest nations is a country in the southeastern part of Africa and it is bordered by countries like Zimbabwe, Swaziland, Tanzania, Zambia, and South Africa. Mozambique is the 45th most populated country in the world with an estimated population of 31.26 million residents. The country has only $1200 GNI per capita income which makes it the 7th poorest country in the world. Mozambique mainly gains its income from agriculture. The country has a high rate of corruption and illiteracy. The 1977 Mozambican civil war also augmented the poverty status of the country. The war displaced over 5 million civilians and halted the economic development of the country for quite a long time. In Mozambique, there is a high possibility to contract deadly diseases because of the unclean water the residents do use. Besides, the country also lacks good healthcare amenities.
8. Sierra Leone
Sierra Leone is a West African country bordered by Guinea, Liberia and the Atlantic Ocean. Sierra Leone is the 103rd most populated country in the world with over 7 million residents. The country has a GNI per capita income of $1480. The major causes of poverty in Sierra Leone are high level of corruption, high level of illiteracy and lack of infrastructural facilities.
Madagascar has $1510 as its GNI per capita income. The country is in the south-eastern part of Africa. Madagascar has an estimated population of 27.69 million residents which makes it the 51st most populated country in the world. Low level of agricultural productivity, unsatisfactory business environment and low level of basic amenities are the main cause of this country’s poverty.
Comoros has $1570 as it GNI per capita income. The country is located in the African continent and also, it is one of the smallest African countries judging by land area. The country has a population of 869,601 residents which makes it the 163rd most populated country in the world. Comoros is the tenth poorest country in the world.
That’s all about the poorest countries in the world 2020 And the poorest economy in the world.
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