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Top 10 Poorest Countries In The World | List Of Nations Having Low GDP

Top 10 Poorest Countries In The World

GDP (Gross Domestic Product) is the deciding factor for the country to be rich or poor. This article tells about the 10 Poorest Countries in the World.These countries are not having the required resources to fulfill the needs of the people of their country. Starvation is the basic thing that is found in these countries.

List Of Nations Having Low GDP shows some countries running with Less development, poverty, unemployment and these are the factors that have made these countries poorest.On the basis of GDP these countries are ranked the poorest economies of the world.

Top 10 Poorest Countries In The World

  1. Madagascar

Madagascar is an island country in the Indian Ocean. Previously it was known as Malagasy Republic. Capital of this country is Antananarivo. It is spread over 587,041 km2 area. Population of the country is 26,161,504. It is at the 10th rank in the poverty with GDP of $1477. Currency of this nation is known as Malagasy ariary (MGA). Malagasy and French are both official languages of the state.

  1. Guinea

Guinea is established at West Africa with the area of 245,836 km2. Population of the country is 13,000,195. Conakry is capital of the Guinea and French is its official language. It is at 9th place in the list of the poorest countries of the world. GDP of this Guinea is $1388 and its currency is Guinean franc (GNF). Guinea is a cultured name for the region of Africa that lies along the Gulf of Guinea. In Guinea president is selected by the people, who is known as head of state and head of government.

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  1. Eritrea

Eritrea is a northeast African country on the Red Sea coast. It shares borders with Ethiopia, Sudan and Djibouti. The capital of Eritrea is Asmara and its currency is Eritrean nakfa. Current population of the country is 5,169,477 and GDP is $1210.The population density in Eritrea is 51 per Km2.

  1. Mozambique

Mozambique is a country on the Indian Ocean coast of Southern Africa bordered by South Africa to the south, Tanzania to the north and with inland borders with Malawi, Zambia, Zimbabwe and Swaziland. Current population of the country is30,391,077.Capital of Mozambique is Maputo and its currency is Mozambican metical.

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  1. Niger

Niger is situated in Western Africa with the area of 1,270,000 km2. 80 percent area of the Niger is enclosed by the Sahara Desert.The West African CFA franc is the currency of Niger. Current population of the nation is22,174,570.Niger is a developing country and is ranked as the 6th poorest country in the world with GDP of $1069. Capital of Niger is Niamey, which is situated in the far-southwest area of Niger.

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  1. Burundi

Burundi is situated in the African Great Lakes region of East Africa. Rwanda is situated at the north side of this nation, Tanzania is at the east and south and Democratic Republic of the Congo is bordered this nation in the west side. This nation is spread over 27,834 km2 area. Population of Burundi is about11,159,594.GDP of this nation is $951. Burundian franc is the currency of Burundi and Bujumbura is capital of Burundi.

  1. Liberia

Liberia is a country on the West African coast. It is covered with the Sierra Leone at the west side, Guinea is situated at the north side and Ivory Coast is at the east side. Area of this nation is 111,369 km2. Density of Liberia is 35 people per square kilometerand currency is Liberian dollara (LRD). Current population of the country is 4,834,219.

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  1. Malawi

Malawi is southeast African country, which is covered by Zambia to the northwest side, Tanzania is situated at the northeast side of this country and Mozambique is at east, south and west side. The Malawi is spread over 118,000 km2 area.Current population of Malawi is19,077,859. GDP of the nation is $819.Capital of Malawi is Lilongwe. Currency of Malawi is Kwacha (D) (MWK). Malawi is among the world’s least-developed countries.

  1. The Democratic Republic of Congo

The Democratic Republic of Congo is situated at the Central Africa. From 1971-97 it was known as Zaire. Atlantic Ocean is at the west side The Democratic Republic of Congo and it is also bordered with Republic of the Congo, Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia and Angola. The area of this nation is 2,345,409 km2, which is second largest country in Africa. The current population of The Democratic Republic of Congo is83,574,408. GDP of this nation is $753. The name of currencies of The Democratic Republic of Congo are Congolese franc, ZaireanZaire and its capital is Kinshasa.

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  1. Central African Republic

Central African Republic is situated in Central Africa. This nation is bordered by Chad, Sudan, South Sudan, Democratic Republic of the Congo and the Republic of the Congo. This nation covers 620,000 km2 area of the world. The current population of the Central African Republic is 4,725,279 as of, May 2018. GDP of this nation is $636. The name of currency of Central African Republic is Central African CFA franc and Bangui is its capital.

List Of Nations Having Low GDP

RankCountryGDP Per Capita (PPP)
1Central African Republic$636
2The Democratic Republic of Congo$753
3Malawi$819
4Liberia$934
5Burundi$951
6Niger$1069
7Mozambique$1208
8Eritrea$1210
9Guinea$1388
10Madagascar$1477

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Major factors due to which these countries are facing severe problems are low per capita income, less technological development, illiteracy, unemployment, poverty, etc. Most of these countries are situated in Africa. It’s a very tragic fact that no country from whole African continent is counted as the developed country of the world.

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