So which are the top ten poorest countries in the world today?
That is what we are going to find out today.
We all know that when it comes to the ranking of countries in terms of riches, a lot of things come into play.
Unlike individuals, countries do not have net worths.
Rather, they are ranked based on their GDP per capita.
The GDPs of countries are taken as a very crucial part of their ranking.
Today in this article, we will look at a comprehensive list of the top ten poorest countries in the world as of 2021.
As we all know, there are hundreds of countries in the world today.
However, we will look at the poorest ten of them all.
Can’t wait to find out which countries are featured on this list?
Then read on with utmost focus to unveil this golden information.
Top 10 Poorest Countries In The World 2021
Without wasting time, here are the top ten poorest countries in the world.
GDP Per Capita: $1,500 (approx.)
The tenth country on this list of poorest countries in the world is Madagascar.
This country is actually an island that is located on the Indian Ocean, and is just off the coast of the South African territory.
Madagascar is also ranked as the number four biggest island in the world.
This island is a beautiful place and a tourist centre.
However, factors like climate changes often destroy valuable properties and even the homes of indigenes.
The main things that contribute to the GDP of Madagascar are coffee, palm oil, rice and silk.
As a nation, Madagascar has experienced a lot of conflicts in the past.
However, they have managed to remain as a peaceful nation.
According to statistics, over 70% of the people who live in Madagascar are poor.
With a GDP that is clocked below $1,500 (approx.), Madagascar is ranked as the tenth poorest country in the world.
GDP Per Capita: $1,400 (approx.)
In ninth spot on this list of top ten poorest countries in the world, we have Guinea.
Back in 2014, the Ebola pandemic hit the economy of this nation greatly.
This contributed greatly to the continuous economic instability of this country.
During the 90s, this country had a very stable economy.
Moreover, they had a strong reputation in the mining and agricultural sector.
Most of the GDP of Guinea is made up of farming and fishing today.
With a GDP that is currently clocked at about $1,400, Guinea is ranked as the ninth poorest nation in the world.
GDP Per Capita: $1,300 (approx.)
Surprisingly, Ethiopia is the eighth poorest country in the world.
What makes this surprising is the fact that they are also featured on the list of richest African nations.
Undoubtedly, the GDP of Ethiopia is indeed huge.
However, their GDP per capita is as low as $1,380.
With such a low GDP per capita, they are ranked as one of the poorest countries in the world.
The population of Ethiopia also adds up as a disadvantage to them.
Moreover, they have a total population of over 74 million people.
GDP Per Capita: $1,200 (approx.)
Eritrea is not as popular as some other countries on this list.
This is actually an African country that sits on approximately 117,000 square kilometres of land.
This country functions completely as a full nation.
However, they often face the repercussions of UN sanctions.
The whole economy of Eritrea depends on gold and silver.
In addition, they also export cement and make a lot from it.
One can say Eritrea is a naturally blessed country.
However, they still face a lot of problems.
The poverty level in this country is significantly high, and there seems to be little improvement.
In recent times, they have experienced a little growth.
Moreover, their general life expectancy rating has increased from about 39 years to 59 years.
With a per capita income that is estimated to be about $1,200, Eritrea is rated as the seventh poorest country in the world.
GDP Per Capita: $1,200 (approx.)
Over the years, Mozambique has been experiencing some economic growth.
However, they are still ranked amongst the poorest nations in the world.
Mozambique functions greatly in the industry, mining and agricultural sectors.
Today, their mining industry focuses on melting of Aluminium and titanium.
Majority of the population of Mozambique live in poverty.
Moreover, their primary method of making a living is through subsistence farming.
With a GDP per capita that is currently estimated to be about $1,200, Mozambique is ranked as the sixth poorest country in the world.
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GDP Per Capita: $1,070 (approx.)
Niger is the fifth poorest country in the world by their GDP per capita.
This country is blessed with several natural resources like oil,gold and also uranium.
Furthermore, a lot of residents of Niger are into farming.
However, the Sahara desert covers a huge portion of their land.
As a result, they face occasional famine.
Despite having so many natural resources, Niger still has an unstable and under developed economy.
Moreover, the level of illiteracy in this country is significantly high.
With a GDP per capita that is currently estimated to be about $1,070, Niger is ranked as the fifth poorest country in the world.
GDP Per Capita: $950 (approx.)
In fourth place on this list of poorest countries in the world, we have Burundi.
Since a bloody military coup took place in Burundi back in 2015, they have continued to face different problems.
So many people in this country are refugees.
Moreover, they are also experiencing a lot of corruption in the government.
As a result of all these, a lot of people live in poverty in Burundi.
According to reports, the GDP per capita of Burundi is about $950.
Due to this poverty level in this country, a lot of children suffer from malnutrition.
GDP Per Capita: $930 (approx.)
Located in West Africa, Liberia is currently ranked as the third poorest country in the world.
After two decades of civil war, Liberia still faces a lot of negative effects till date.
Moreover, a lot of time which could have been spent on development was spent in the war.
As we speak, the economy of Liberia is still unstable.
High levels of illiteracy, mass poverty and corruption are the major setbacks of this country.
With a per capita income that clocks about $930, Liberia is safely ranked as the third poorest country in the world.
So far, the export of rubber, timber and iron ore is what holds the economy of this nation.
Following the outbreak of Ebola Virus in Liberia, a lot of foreign investment opportunities were also missed.
Today, they continue to struggle as an unstable economy.
GDP Per Capita: $850 (approx.)
The second most poor country on this list is none other than Malawi.
With a population of over 16 million people, Malawi is said to have about 85% percent of its population in rural settlements.
This means that rural areas dominate this country.
The population of this country do not work in favour of their economy.
Over the recent times, they have experienced some sort of improvements.
However, they still remain one of the poorest countries so far.
With a per capita income that is said to be about $850, Malawi is currently ranked as the second poorest country in the world.
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1. Central African Republic
GDP Per Capita:$650 (approx.)
Here comes the winner of the list of top ten poorest countries in the world.
As we speak, the Central African Republic is also one of the most under-developed countries in the world.
Over the years, this country has experienced a lot of crisis and violence.
However, they have managed to resolve them today.
The government of this nation is strongly threatened by corruption.
Moreover, most of the citizens of CAR live in poverty.
Agriculture is the major source of income in this country.
Despite being blessed with natural resources like diamond, they still suffer from an unstable economy.
The general life expectancy in the Central African Republic is 43 years.
This should tell you about the quality of life in the country.
With a high poverty rate and corruption, this country grows at an extremely slow pace.
They currently have a per capita income that is said to be about $650.
With such a little amount, they are ranked as the poorest country in the world.
Conclusion of “Top 10 Poorest Countries In The World 2021”
From this comprehensive list, you can confirm that there are indeed a lot of poor countries in the world.
Surprisingly, most of these countries are African countries.
From the texts, we can see that most of the citizens of these countries live below the poverty line.
They face a lot of struggles due to corrupt governments or natural troubles.
Some of these countries are greatly affected by their population, while others are affected by lack of resources.
So far, that will be all we have on the top ten most poor countries in the world.
In all, we do hope you enjoyed this article.
If you did, feel free to drop your comments below.