10 poorest countries in the world

Typically, the wealth of a country is measured by its Gross Domestic Product (GDP) per capita, which is the purchasing power of all goods and services produced in a country, divided by its population. In essence, this defines the purchasing power of a single person within the country.

10 – Guinea (GDP per capita of $523.10)
Guinea hasn’t seen a period of economic stability since the 1990’s, when their mining and agricultural industries did them well. Since then however, Guinea has fallen victim to sever sociopolitical crises, which rapidly decayed the state of their economy. Much of their economy is still largely based on agriculture, which is difficult because farmers only have access to outdated information and obsolete technology, as investors tend to shy away from the nation entirely.

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9 – Ethiopia (GDP per capita of $505.00  

 Since 2007, Ethiopia has places itself above many sub-Saharan African nations in terms of its economic performance. Although regardless of this, it remains one of the poorest nations in the world, only holding a GDP per capita of $505.00. This is a result of Ethiopia’s large population, and dependence on a poorly funded, underdeveloped, and vulnerable agricultural industry as a staple in their economy.

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8 – The Gambia (GDP per capita of $488.60)

With a GDP per capita of $488.60, and over half of the population living well under the poverty line, the people of The Gambia are subject to such a poor standard of living that the nation falls into a “hunger season” when rainfall is at its peak.

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7 – Democratic Republic of the Congo (GDP per capita of $484.20)

With a GDP per capita of $484.20, a large portion of the nation’s people remain unemployed, and their lack of money thus results in their living within greatly inadequate living conditions.

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6 – Madagascar (GDP per capita of $463.00)

Madagascar has a GDP per capita of $463.00, with about 70 percent of the nation’s people living under the poverty line. Once again reliant primarily on agriculture, the vulnerability of the industry, lack of potent farming land, and the growing population only make their economic situation worse and worse over time.

5 – Liberia (GDP per capita of $454.30

The GDP per capita of the war-torn nation stands at $454.30, and in 2010, it was estimated that more than 80 percent of the nation’s people were living less with less than $1.25 per day. With low yields due to old farming technologies, as well as having overall poor infrastructure, Libera only marks the halfway point down this list of the poorest countries in the world.

4 – Niger (GDP per capita of $415.40)

Niger’s economy is driven by two main forces: the extraction of valuable natural resources available within the nation (including gold, uranium, and even oil), and small-scale agriculture. Unfortunately, both of these economic sources can easily be devastated by random shifts in climate and weather, and thus Niger has struggled in developing themselves economically.

3 – Central African Republic (GDP per capita of $333.20)

Like Liberia, the Central African Republic has in the past been victim to war and 

significant political instability. The landlocked central African nation also supports very, very poor infrastructure, thus limiting the efficiency of the distribution of the nation’s resources. 

2 – Burundi (GDP per capita of $267.10)  

With the population growing rapidly, food prices rising, and a GDP per capita of $267.10, Burundi places as the second poorest country in the world.

1 – Malawi (GDP per capita of $226.50)

With common weather variations, as well as injuries and fatalities facilitated by poor health care, Malawi’s world lowest GDP per capita of $226.50 doesn’t seem like it will be rising too significantly any time soon.