Top 10 Poorest Countries In The World 2018
It is the significant part that combating for poverty or penury where comes very hard considering the aspects to come over. Each and every nation or country has their own different reasons why currently they are considered as one of the poorest countries in the world. The certain ranging technologies, globalization, and industrialization of other countries and poorest countries stay constant and developed slowest. There are two specific techniques to measure the richness or wealth of the particular country. The first technique is living standards of residents and the second one is the Gross Domestic Product (GDP). So, here we describe the top 10 poorest countries in the world 2018.
Madagascar is an island nation in the Indian Ocean which is formerly known as the ‘Malagasy Republic’. The country consists of the island of Madagascar and many smaller peripheral islands. On this island country, you will see ninety percent flora and fauna means greenery on the globe. In Madagascar, the cultivation of rice, coffee, silk and palm oil are the main economic activities. The nation relies on agriculture activity. The annual torrid cyclones are one of the vital challenges faced in this country. The Cyclones is the reason for the damaged infrastructure and other things. Here, more than 70% inhabitants live below the poverty line. According to (IMF) International Monetary Fund, the per capita of Madagascar is around $1477. Madagascar ranks on the tenth position on our list.
Guinea is a nation in West Africa. Previously, it was known as ‘French Guinea’. Guinea has a population of 12.4 million and an area of 245,860 square kilometres. Guinea is another name for the region of Africa. During the 90s, Guinea was a constant or stable nation. Mining and agricultural industries are developing. The country is dependent on major economic activities such as fishing and farming. The economy of Guinea is also dependent on the agriculture and mineral production such as bauxite, iron, diamond and gold. Guinea is a primarily Islamic country, having 85 percent of the population of Muslims community. It is ninth poorest countries in the world. It has a per-capita GDP of less than $1,400.
Ethiopia is a nation located in the Horn of Africa. History of Ethiopia represents that it has been a comparatively rich nation. But currently, the condition is different. Today, the people living in this Ethiopia are below the poverty line. Ethiopia having a population is approximate 74 million. Generally, the economy of this nation is relying on the agricultural field to a great level. The major economic resources of this country are khat, gold, leather products, and oilseeds. At present, the per capita GDP of Ethiopia is $1380 according to IMF. Thus, Ethiopia is one of the poorest nations in the world which secures eighth position in our list.
Mozambique is a Southeast African nation that is bordered by the Indian Ocean to the east. Maputo is the capital and the largest city of Mozambique. Before independence, Maputo was known as ‘Lourenço Marques’. Mozambique is a wealthy country having rich and extensive natural resources.But still, the growth in the rural areas has not boosted. A majority of residents here live below the poverty line. The gross product of the nation basically depends on the agricultural zone. IMF approximated the Per-capita GDP of IMF estimated the Per-capita GDP (PPP) in Mozambique in 2015 tp be $1208.
Niger is one of a landlocked nation that is located in Western Africa. This Niger country is surrounded by Libya to the northeast, Chad to the east, Nigeria and Benin to the south, Burkina Faso and Mali to the west, and Algeria to the northwest. Almost 1,270,000 km of land area is occupied by the Niger. It has a population of around 12.5 million. Agriculture is the main economic sector of the nation. The agricultural economy extensively depends upon the livelihood agriculture, internal markets, and the export of raw commodities. Niger also faces a poorly blossomed labour market. Niger is one of the poorest nations in the world 2018 with per capita $1069 estimated by IMF.
Burundi is also a landlocked country like the previous one that is Niger. Burundi is located in the African Great Lakes region of East Africa, surrounded by Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of the Congo to the west. Bujumbura is the capital city or the biggest city of Burundi. The overall economy of Burundi is dependent on the agricultural zone. Over 80%of the population in the world gets jobs from this sector. But unfortunately, Burundi’s agriculture is varied and is very unpredictable. The children in Burundi are suffering from malnutrition due to a shortage of food. The per-capita income of Burundi was $951 as per IMF.
Liberia is a nation in West Africa. This nation is enclosed by Sierra Leone to its west, Guinea to its north and Ivory Coast to its east, the Atlantic Ocean to its south. It occupies an area of 111,369 square kilometres and has a population of approx 4,700,000 inhabitants. There was the extensive destruction of the property because of civil war effects. Hence, the economy has remained constant and many people live below the poverty line. Thus, Liberia is one of the poorest countries in the world 2018 having per capita income as $934 that is identified by IMF.
Malawi is a landlocked nation in southeast Africa that was previously known as ‘Nyasaland’. It is enclosed by Zambia to the northwest, Tanzania to the northeast. Malawi covers 118,000 km area and has a population of 18,091,575. Lilongwe is the capital and the largest city of Malawi. The Malawi name is derived from the Maravi. “The Warm Heart of Africa” is the nickname of the nation. The economy of Malawi is extensively based in agriculture, with a rural population. In Malawi, standards of living are comparatively very low as well as lack of services like education, infrastructure and the common level of health. Malawi is also the poorest country in the world, the per capita income is $819 according to IMF.
- The Democratic Republic of Congo
The Democratic Republic of Congo is also known DR Congo or DRC. The former names of this country are Belgian Congo, East Congo, Congo-Kinshasa or simply the Congo. The Democratic Republic of Congo is a nation that is situated in Central Africa. It is the second largest country by occupying 2.35 square kilometers of land area and has a population about 77 million. Poor economic rehabilitates have continued to undermine economic power of DRC. The nation has huge natural resources. They consist of gold, large fertile lands, and a better climate. 80 million of its extensive land is fertile. As per IMF, the per capita income of DCR country is $753.
- The Central African Republic
The Central African Republic is an island country which is found in Central Africa. In short, it is also known as ‘CAR’. The Central African Republic is encompassed by Chad to the north, Sudan to the northeast, South Sudan to the east, the Democratic Republic of the Congo to the south, the Republic of the Congo to the southwest and Cameroon to the west. Almost 6,20,000 square kilometers land area is covered by this country and approximated population of around 4.6 million residents. The economy of the Central African Republic is heavily based on agriculture and diamond mining sectors. According to IMF, the annual per capita income of this nation is $636.