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.
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.
GDP per capita:$502
The Portuguese colonised company is the second poorest country in the world presently. The country has high hopes for improvement.
GDP per capita: 759
Uganda finds itself in third place on the list of the poorest countries in the world.
Its economy has become unstable because of the political crisis in the country as well.
GDP per capita:$ 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.
GDP per capita: $1913
A catastrophic humanitarian crisis is currently going on in Yemen with a massive civil war making it way enormously in the country.
Hunger, Starvation and Famine is also battling with the country. Over 14 million people are starving in Yemen.
GDP per capita:$ 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.
GDP per capita:$ 1159
Over 55% of Ethiopians live in extreme poverty. The country is currently experiencing poverty as well.
GDP per capita: $ 1159
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.
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.
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