Poorest Countries In The World – Least Developed Countries

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The rate of poverty of in country is usually measured by World Bank in absolute terms – defining extreme poverty as living below $1.20 per day, while moderate poverty as less than $2 a day. Following such a list, there are way too many poor countries and the poorest country in the world is Central African Republic with a population of 4.616 million and a GDP of $640.00. Closely following that are countries like Republic of Congo as second poorest country in the world with a population of 67.51 million and a GDP of $753.907, Malawi with a population of 16.36 million and GDP of $819.688 and Liberia with a population of 4.294 million and a GDP of $934.095 and Burundi is the fifth poorest with a population of 10.16 million and a GDP of $951.098.

You’ve probably heard of some of these countries before but didn’t know they were that poor. According to the statistics, poverty is doing a lot of damage there. The level of poverty is determined by GDP (gross domestic product), literacy rate and employment rate which are the parameters to determine the level of poverty of a country. The listed countries have the lowest GDPs and literary rates of any other countries.

 Country Population      GPD per capital(2015)
Central African republic 4.616 million $640.00
Republic of Congo 67.51 million $753.907
Malawi 16.36 million $819.688
Liberia 4.294 million $934.095
Burundi 10.16 million $951.098
Madagascar 22.92 million $972.09
Niger 17.83 million $1,070.00
Eritrea 6.333 million $1,200
Mozambique 26.5 million $1,210.61
Guinea 11.75 million $1,388.74
Guinea-Bissau 1.704 million $1,491.19
Togo 6.817 million $1,525.64
Kiribati 102,351 thousand $1,640.76
Mali 15.3 million $1,614.10
Ethiopia 94.1 million $1,656.44
Comoros 734,917 thousand $1,735.13
Rwanda 11.78 million $1,782.46
Burkina Faso 16.93 million $1,824.62
Haiti 10.32 million $1,846.12
Benin 10.32 million $1957.78
Solomon Island 561,231 thousand $1,877.21
Gambia 1.849 million $1,849.99

Hypothetical Reasons for these Countries’ High Poverty Rate

  • War
  • Political or tribal conflicts
  • Corruption
  • Foreign Exploitation
  • Illiteracy
  • Natural disaster
  • Political Instability
  • Little or no source of revenue
  • Population
  • Disease
  • Nepotism
  •   Adverse Policies
  • Global decisions and practices
  • Adverse Traditional/Religious believes
  • Inequality
  • Tax avoidance and Tax haven; undermining democracy
  • Population
  • Land mass
  • Adverse Climates
  • Low Life expectancy
  • Inflation