Top 10 Poorest Countries In The World 2014
Money is probably more important than oxygen! Some countries are drowning deeper and deeper in poverty and can barely do anything about it. Forget about “healthy” living, even survival is a challenge for an average resident in those countries. Here is a list of the top 10 poorest countries in the world in 2014 whose people probably have the toughest life. Our one month’s income might be more than their whole year’s earnings!
Afghanistan is a landlocked nation which has been torn by numerous conflicts. It is the 41st largest nation and has a population of over 30 million. The country has an unemployment rate of 35% and the GDP per capita is only $1,100 while the inflation rate goes as high as 13%. The Karzai administration claims that Afghanistan has $3 trillion worth mineral reserves! However, Afghanistan currently lacks economic stability and desperately requires international investment.
It is the 47th largest country and is the 4th largest island of the world. Madagascar has a unique wildlife, and attracts tourism but sadly, it has a GDP per capita of $993 only.
8. Central African Republic
Central African Republic is another landlocked country. It is heavily reliant on the production of sorghum, millet, sesame, corn, and cotton. CAR has a GDP capita of $900. Most of the country is savannahs and forests. The internal battle for government control has largely hampered the progress and therefore it ranks at number 8 amongst the top 10 poorest countries in the world in 2014.
Niger is a landlocked country. Nearly 80% of the country is covered by the Saharan Desert. Niger’s main income comes from farming, livestock, uranium, and gold. Niger has a GDP capita of approximately $800. The scarcity of rain has caused shortage of production of food and the people of Niger can barely sustain a living!
Malawi is located in Southeastern Africa. It has the 64th largest population which is fluctuating as the death rate and infant mortality rate is pretty high. The population is ravaged by aids, and the living conditions are horrid. Malawi has a GDP capita of $800.
This country is improving itself economically as it has worked on its infrastructure and transportation costs. Liberia has worked well on the diplomatic front, improving relations with nearby countries. However, the GDP capita per annum remains at $700 at the moment, making it stand at number 5 in the list of top 10 poorest countries in the world in 2014.
Zimbabwe is situated in Southern Africa. Tourism in Zimbabwe used a popular source of income but now due to unrest, tourism has declined. The sad fact is 80% of the population in Zimbabwe earns below the poverty line. Zimbabwe has a GDP capita of less than $600 dollars.
Somalia is a country ravaged by civil war. A war that lasted a long duration left the country in tatters economically. It has many security issues. Moreover, piracy prevails in the region. Despite everything, Somalia is maintaining its economy. Dependant on livestock, telecommunications and money transfer companies, this country has a GDP capita of $600.
It is located in the Horn of Africa. The workforce here mainly works in the mines. Eritrean mines produce granite, copper, and gold etc. This country has been devastated by the Ethiopian-Eritrean wars and from there, their problems began. Over 50, 000 homes were lost, millions of dollars worth land damaged, and $200 million worth loss in livestock. Eritrea is in a phase of reconstruction but for now, their GDP capita per annum is $550.
1. The Democratic Republic of Congo
This is the poorest country in the world! It is the 11th largest country. Congo has rich mining sites in gold, manganese, tin, germanium and etc. It is estimated it has $20 trillion worth mineral reserves which should eradicate the poverty prevailing in the country but still, it tops the list of the top 10 poorest countries in the world in 2014. Corruption and civil unrest have hampered their progress quite a lot. The GDP capita is less than $400.