From Crisis To Hope: Top 10 Poorest Countries In The World In 2024

Top 10 Poorest Countries In The World In 2024: In various corners of the world, some countries are facing severe economic hardship like poverty, limited resources, and inadequate infrastructure, making life challenging for their citizens. With low incomes and high unemployment rates, people in these countries often find it difficult to meet their basic needs.?

Political instability, conflicts, and reliance on agriculture further exacerbate their plight. Despite the rich potential of their natural resources, mismanagement and external pressures often prevent these countries from thriving. International aid and sustainable development efforts aim to uplift these nations, offering hope for a brighter future amid adversity.

The International Monetary Fund (IMF) released a report about the poorest countries, considering their GDP per person after adjusting for the cost of living. This gives a better idea of how people live in these places. South Sudan is the poorest, facing problems like politics, conflicts, and bad infrastructure. Next are Burundi, the Central African Republic, the Democratic Republic of the Congo, and Mozambique. They all have similar issues like unstable politics, conflicts, poor infrastructure, and rely heavily on farming, which makes them vulnerable to bad weather and food shortages.

The report also talks about Malawi, Niger, Chad, Liberia, and Madagascar. These countries are mostly in Africa and struggle with limited resources, lots of people, and depend a lot on farming, which keeps them poor.

The report says the world should help these countries by building better infrastructure, helping their economies grow in different ways, and making sure they have stable governments.

AFP

In 2024, Yemen is the Asian country facing the worst economic problems, with a GDP per person estimated at $2,136. But it's hard to be sure because of ongoing conflicts.

On the other hand, Luxembourg is the richest country, with a very high GDP per person of $145,834. Meanwhile, India's GDP per person is around $9890 in 2024, showing where it stands in the world economy.

List of Poorest countries in the world by GDP per capita by IMF as of February 1, 2024

Let's take a closer look at the world's poorest countries and understand why they are at the bottom of the list based on their per capita income.

South Sudan:

South Sudan, which became independent in 2011, is facing big economic problems. With a GDP of $25.83 billion, it has issues like fights, political instability, and not enough good roads and buildings. Most people rely on farming, but fighting and bad weather often stop them from growing enough food. This affects over 11 million people, keeping many of them poor.

Burundi:

Burundi is a small country with a GDP of $3.06 billion and the population of over 13 million in East Africa without any coasts. It struggles a lot with problems like politics, fights, and not having good roads or buildings. Many people there farm to survive, but there are so many people that it's hard to have enough food for everyone. This makes Burundi one of the hungriest countries in Africa.

Central African Republic (CAR):

The Central African Republic (CAR), located in the middle of Africa with a GDP of $3 billion and a population of over 5 million, possesses valuable resources like gold and oil. However, despite this, most people in the country remain very poor. This is due to ongoing conflicts, insufficient infrastructure such as roads and buildings, and rising prices caused by a war in Ukraine. Additionally, natural disasters like floods and droughts further compound the difficulties faced by the population.

Democratic Republic of the Congo (DRC):

The Democratic Republic of Congo (DRC)is the biggest country in Africa below the Sahara Desert with a population of over 100 million and with GDP of $15.42 billion. Even though it has many valuable things like cobalt and copper, most people don't have much money. Many people there live in poverty, not having enough money for food or other things they need. This is a big problem for the country's growth.

Mozambique:

Mozambique, with a GDP of $23.96 billion and a population of over 30 million, is a sparsely populated country in southeastern Africa. Despite its abundant natural resources like gas, many people suffer from poverty due to factors such as diseases, adverse weather conditions, and food shortages. Additionally, conflicts among various groups further exacerbate the challenges, making it difficult for people to lead prosperous lives.

Malawi:

Malawi, with a GDP of $11.04 billion and a population of over 21 million, is a beautiful country in southeastern Africa, but it faces many challenges. Most of its people rely on farming, but issues like climate change and fluctuating prices make it difficult for them to have enough food or money. However, the government is working to address these issues by creating more jobs and improving schools and hospitals.

Niger:

Niger, a country in West Africa with a GDP of $19.54 billion and a population of over 27 million, faces significant challenges. Due to its lack of coastlines, water scarcity, and frequent harsh weather, many people in Niger are poor. Most rely on farming, but droughts make it difficult to produce enough food. Additionally, the country's limited financial resources result in few opportunities for good jobs or access to quality education.

Chad:

Chad, with a GDP of $13.19 billion and a population of over 18 million, is an African nation rich in oil resources. However, despite this wealth, many people live in poverty. Most of the population relies on farming, but challenges like adverse weather conditions and conflicts make it difficult for them to earn enough money or produce sufficient food. Additionally, unfair treatment by the government further exacerbates the hardships faced by its citizens.

Liberia:

Liberia, with a GDP of $4.59 billion and a population of over 5 million, is a country in Africa that has experienced numerous conflicts and diseases. This has resulted in poor infrastructure, including inadequate roads and hospitals. Many people have been displaced from their homes and farms, exacerbating food shortages. However, organizations like the World Food Programme are working to alleviate hunger by providing food aid and improving education and healthcare facilities.

Madagascar:

Madagascar, an island country in Africa with a GDP of $16.77 billion and a population of over 25 million, has faced numerous conflicts and government changes since gaining independence. Despite its abundant mineral resources, many people in Madagascar are not wealthy. This is due to insufficient stability and underutilization of the country's resources for its development. Mining and tourism play significant roles in generating income for Madagascar.

(With inputs from Forbes and the IMF)