Gross Domestic Product (PPP) per capita is considered by economists, as one of the best parameters to analyze the economic development of the countries. Here is a list of the top ten poorest countries in the world, based on GDP per capita.
Top 10 Poorest Countries in the World |
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Rank | Country Name | GDP per Capita | About |
1 | Burundi | $261 | Small, landlocked country in East Africa with a history of conflict and instability. |
2 | South Sudan | $303 | Youngest country in the world, plagued by conflict and violence. |
3 | Malawi | $342 | Small country in southern Africa with an economy largely dependent on agriculture. |
4 | Mozambique | $502 | Southeastern African country with a diverse economy, including natural resources. |
5 | Eritrea | $528 | Small country in the Horn of Africa with ongoing challenges related to human rights. |
6 | Niger | $535 | Landlocked country in West Africa with an economy based on agriculture and resources. |
7 | Liberia | $633 | Western African country with a diverse economy that has faced political instability. |
8 | Democratic Republic of the Congo | $650 | Large central African country with a resource-based economy hindered by conflict. |
9 | Central African Republic | $682 | Landlocked country in the heart of Africa facing significant challenges with conflict. |
10 | Madagascar | $746 | Island nation off the southeast coast of Africa with a diverse economy and challenges. |