Apr 26, 2024, 02:13 PM IST
Several nations worldwide fall into the category of poor nations based on GDP per capita. These countries grapple with political instability and conflicts that impede their economic progress. Presented below are the ten poorest nations globally in 2024, as estimated by the International Monetary Fund (IMF) as of February 21, 2024:
South Sudan ($492.72): Situated in East Africa, South Sudan is the world's youngest nation and ranks atop the list of the poorest countries. The nation contends with numerous challenges, including conflicts, warfare, and inadequate infrastructure, all contributing to its low GDP per capita.
Burundi ($936.42): Also located in East Africa, Burundi occupies the second spot on the list. The country grapples with political instability, poverty, and a struggling economy.
Central African Republic (CAR) ($1,140.00): CAR is embroiled in ongoing conflict and political turmoil, resulting in widespread poverty and economic hardships.
Democratic Republic of the Congo (DRC) ($1,570.00): Despite its abundant natural resources, the DRC faces significant hurdles such as conflict, corruption, and poor governance, which adversely affect its GDP per capita.
Mozambique ($1,650.00): Located in Southeast Africa, Mozambique battles economic instability and natural calamities, contributing to its low GDP per capita.
Malawi ($1,710.00): Malawi confronts economic obstacles like agricultural dependency, food insecurity, and vulnerability to climate change impacts, resulting in a low GDP per capita.
Niger ($1,730.00): A landlocked country in West Africa, Niger struggles with desertification, meager agricultural productivity, and inadequate infrastructure, leading to a low GDP per capita.
Chad ($1,860.00): Chad faces a myriad of challenges, including political instability, conflict, and overreliance on oil revenues, which fail to translate into broad-based development, thus resulting in a low GDP per capita.
This information is not DNA's opinion but obtained from media reports