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Nigeria Is Not The Poorest Country In The World, See The Updated List Of Poorest Countries

Most of the citizens of Nigeria are of the belief that Nigeria is not capable financially to take care of the whole nation ( the country is poor). As the Country seeks for loans every year from the International Monetary Fund(IMF) to take care of some issues affecting the country.

Most of the poorest countries of the world are the ones with Political unrest, Weak financial institutions, despot regimes and corrupt leaders that weak foreign investment in the country. Hence, the country is not financially buoyant enough.

According to the Focus Economics Consensus Forecast for 2019 nominal GDP per capita, I have taken my time to compile the list of 10 poorest countries in the world according to their GDP per capita income every year.

1) Democratic Republic of Congo

GDP per capita: $475 

The country has abundant resources so cater for herself and citizens residing in the country but the major issues with the country is political unrest. 

2) Mozambique

GDP per capita:$502

The Portuguese colonised company is the second poorest country in the world presently. The country has high hopes for improvement.

3) Uganda

GDP per capita: 759 

Uganda finds itself in third place on the list of the poorest countries in the world.

Its economy has become unstable because of the political crisis in the country as well.

4) Tajikistan

GDP per capita:$ 913

The country gained independence when the soviet union fell then. After independence, a civil war broke out in the country.

War has been a major factor obstructing the growth of the nation.

5) Yemen

GDP per capita: $1913

A catastrophic humanitarian crisis is currently going on in Yemen with a massive civil war making it way enormously in the country.

Hunger, Starvation and Famine is also battling with the country. Over 14 million people are starving in Yemen.

6) Haiti

GDP per capita:$ 923

Unfavourable climates and natural disasters make Haiti the sixth country on the list. Following the 2010 earthquake, the country has been ashore of poverty since then.

7) Ethiopia

GDP per capita:$ 1159

Over 55% of Ethiopians live in extreme poverty. The country is currently experiencing poverty as well.

8) Tanzania

GDP per capita: $ 1159

9) Kyrgyzstan

GDP per capita: $ 1266

The country has only 6 million inhabitants living in the country. Political instability and weak governance are the major factors behind the poverty in the country.

Corruption is also a major factor.

10) Uzbekistan

GDP per capita:$ 1350

The country depends on import and export of mineral resources such as gold, gas and copper but the price fell significantly.

Content created and supplied by: Tosinthefirst (via Opera News )

Focus Economics Nigeria Portuguese Tajikistan Uganda


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