Top 5 Poorest Countries In The World:
If you want to know Top 5 Poorest Countries In The World then read this post. Today we are going share the Top 5 Poorest Countries In The World. This list is based on the gross domestic product based on purchasing-power-parity per capital.
5- Liberia – 700$
One of the filthiest place on the earth with no basic amenities for life. The Horrible sanitation system and lack of food are thorough combinations for destruction and devastation. With arbitrary rules and a collapsed economy.the country facing a crisis on a large scale. Almost half of its population survives on less than 1$ a day which is the pretty pathetic standard of living. Economic overview Liberia’s economy deteriorated further in 2015. With GDP growth of 0.3% further down from 0.7% in 2014.
GDP growth is projected to recover to about 3.9% in 2016. The recovery is expected to be driven by the coming on stream of a new gold mining concession. The mining sector , which was one of the key drivers of economic.
The continued terms of trade shocks and the reversal in private investment inflows due to the outbreak of the Ebola Virus Disease (EVD).have prolonged Liberia’s post-Ebola economic recovery.
4. Burundi – $600
The country has suffered from warfare, corruption, poor access to education and the effects of HIV/AIDS. Burundi is densely populated and experiences substantial emigration. According to the DHA Global connectedness index, Burundi is te least globalized country in the world. The pandemic spread of HIV/AIDS common disease in the country.
Food is the key component use to calculate inflation in Burundi. A small east African country whose economy relies on coffee and tea exports. The food price index rose 6.4% in the year to February from 7.7% in January.
The institute of economic studies and statics said Burundi Government projects average annual inflation of 8% this year. The international monetary fund has said the inflation outlook for Burundi in 2014 remains favorable, owing to lower projected food and fuel prices .
3. Somalia – $600
If you are wasting the food served on your plate. Think twice known for its food scarcity , Somalia is said to have been hit by the worst natural and man-made famines thus, devastating its existence. Largely famous for their pirates at the international level, it been termed as the world’s most dangerous country to live, not just because of its terrorist activities but also because of its economic condition.
Somalia’s economy as managed to survive state collapse, maintaining reasonable levels of output throughout the country’s two-decade-long civil war. Now with political recovery and transaction slowly underway, the country’s economy face new hurdles.
2- Zimbabwe – $600
Zimbabwe is not only known for its poverty stricken-mal nutrition people, awkward geography or food scarcity but also for violating the rights to shelter, food ,freedom of movement and residence, freedom of assembly and the protection of the law. Home to precious metals, minerals and other natural resources, the lives of its inhabitants are miserable. Despite the fact that the country’s soil is invested with diamonds.
Zimbabwe’s economy has shrunk since 2000, in an atmosphere of political turmoil. Capital flight, corruption and mismanagement inflation has spiraled out of control (peaking at 500 billion % in 2009) and,the underpinning of the economy in agriculture and, industry have been dissipated.
1- Democratic republic of Congo – $400
The second congo war, beginning in 1998, divested the country and is sometimes referred to as the “African world war” because it involved nine African nations and twenty armed groups. With a respectable 53 year of independence Congo has faced a long and underlying series of social military conflicts which has cut down its development to its foundation. Also, conflict for control of the mineral wealth has to lead some of the most violent atrocities.
Conditions improved in late 2002 with the withdrawal of a large portion of the invading foreign troops. A number of IMF and World Bank missions have met with the government to help it develop a coherent economic plan, and President Kabila has begun implementing reforms.
Our mission to provide unique and latest information to our followers, Infomild.com will provide you latest information, help you all the time. If you are facing any kind of problem or if you need any kind of help then contact us.Our team will solve your issue as soon as possible as we can. Also give us Feedback we always love to hear something from you.