The level of economy in countries around the globe is not even. It is somewhere very high and somewhere very low. GDP, literacy rate and employment rate are several parameters of a country to determine the level of its economy. According to a report of the United Nations, hunger causes the death of about 25,000 people everyday. Unfortunately, the number of children is greater than that of adults. Consider several facts of income disparity between rich and poor nations to measure the cleavage between the haves and the haves not. The combined income of the world’s richest individuals leaves far behind that of the poorest 416 million. 982 million out of 4.8 billion people in the developing world live on $1 a day. Another 2.5 billion live on below $2 a day. 40% of the poorest population made up 5% of world income while 20% of the richest population made up 75% of global income in 2005.
A country with a GDP per capita of $765 dollars or less is defined as a low-income or poor country. You may wonder why poor countries remain poor. Some interrelated factors like geography, industrialization, colonialism, education, resources, infrastructure, overpopulation, investment, government and debt make poor countries remain the heavy foot of poverty.
Look into the fragile features of the ten poorest countries of the world.
10. Ethiopia (GDP – per capita: $700)
“The Sadomo region of the Ethiopia is known for producing the best coffee second to Harar….Make Trade Fair!” – mcandrea
Ethiopia ranks 170 out of 177 the poorest countries on the Human Development Index (UNDP HDI 2006). Half of its GDP depends on agricultural activity. The agricultural sector suffers lowdown because of poor cultivation techniques and frequent drought. 50% of its population 74.7 million bears the burden of poverty and 80% lives on bread line. 47% of males and 31% of females are literate. Some parts of Ethiopia run a high risk of hepatitis A, hepatitis E, typhoid fever, malaria, rabies, meningococcal meningitis and schistosomiasis.
09. Niger (GDP – per capita: $700)
Niger with a population of 12.5 million is one of the ten poorest countries in the world. Drought is a common natural calamity in Niger. It often undergoes a phase of severe food crisis. 63% of its total population lives on below $1 a day. Adult literacy rate is as low as 15%. Life expectancy spans up to 46 years. A number of people die of hepatitis A, diarrhea, malaria, meningococcal meningitis and typhoid fever.
“Escaping from poverty”
08. Central African Republic (GDP – per capita: $700)
“Rebel in northern Central African Republic”
The Central African Republic ranks 171 as a poor country. Agriculture is the backbone of its unstable economy. Life expectancy of its meager population 4.3 ranges from 43.46 to 43.62 years. 13.5% of its population is at risk of AIDS.
“Boy in front of destroyed homes in Ngaoundaye, Central African Republic. Since early 2007, the troubled region has been caught up in fighting between APRD rebels and government troops.” – hdptcar
07. Guinea-Bissau (GDP – per capita: $600)
“Africa, Guinea-Bissau, Bijene, January 2005. Mbemba Djaló, 13 years young, earns some extra cash after school, running his little shop at the veranda of an abandoned colonial house. Photography by Ernst Schade” – ernst schade
The rank of Guinea Bissau as a poor country is 172. Farming and fishing are the only pillars of its economy. The level of income is not even in all parts of the country. About 10% of its adult population is at risk of HIV.
06. Union of the Comoros (GDP – per capita: $600)
Population growth and unemployment at a high rate are responsible for the poor economy of Union of the Comoros. Population density at a rate of 1000 per square km in agriculture zones may result in an environmental crisis. Agricultural contribution to its GDP is 40%. The low level of education has raised the level of labor force. Economy mainly depends on foreign grants.
05. Republic of Somalia (GDP – per capita: $600)
“Sixteen million people in eastern Africa are in need of emergency food aid and the threat of starvation is severe, according to FAO’s latest report on the Food Supply Situation and Crop Prospects in sub-Saharan Africa.” – ☠ ● qυєєη σƒ яσ¢к ● ☠
Agriculture is the base of the economy of Republic of Somalia in the Horn of Africa. Nomads and semi-nomads comprise a major part of the population. Rearing livestock is the primary source of livelihood for them. The small agricultural industry contributes 10% to its GDP.
“Mogadishu. October 2004. View of Mogadishu north. Mogadishu is the place where effects of the conflict are more striking. There are arround 400.000 internally displaced persons. Access to health structures is quite impossible for the danger to circulate in the streets where combats are on-going and all type infrastructures have disapeared: water, sanitation, schools… The absence of state during more than 13 years has made impossible any investment in public structures. It is estimated that around 72% of Somalia’s population lacks access to basic healthcare services and the healthcare system is in ruins.” – abdisalla
04. The Solomon Islands (GDP – per capita: $600)
“Solomon Islands Tsunami — Minister whose church was washed away”
The Solomon Islands is a country in Melanesia. Fishing holds its domestic economy. Above 75% of the labor class, is involved in fishing. Timber was the main product for export until 1998. Palm oil and copra are important cash crops for export. The Solomon Islands are rich in mineral resources like zinc, lead, gold and nickel.
03. Republic of Zimbabwe (GDP – per capita: $500)
“The expression on these guys faces says a million things, weak from hunger and too poor to own shoes or have a shirt to wear. This is all because of the tyrant they call a president.
A beautiful country ruined because of one mans greed. ” – Mr Sean
A beautiful country ruined because of one mans greed. ” – Mr Sean
Republic of Zimbabwe is located between the Limpopo and Zambezi rivers in the south of Africa. Its economy suffers a slowdown due to supply shortage, soaring inflation and foreign exchange shortage. Zimbabwe’s involvement in the Democratic Republic of the Congo left its economy fragile. The worst consequence of the knelt-down economy is unemployment that is as high as 80%.
“March, 5, 2008. The Zimbabwean currency tumbled to a record 25 million dollars for a single US dollar”
02. Republic of Liberia (GDP – per capita: $500)
“MONROVIA, LIBERIA – NOVEMBER 12, 2006 : Young Liberian boy standing on Randal street in Monrovia looks through a hole in a garbage filled car that has been turned on its side and salvaged fro spare parts. ( Photo by: Christopher Herwig )” – herwigphoto.com
Republic of Liberia on the west coast of Africa is one of the ten poorest economies across the globe. A decline in the export of commodities, the flight of many investors from the country, the unjust exploitation of the country’s diamond resource, looting and war profiteering during the civil war in 1990 brought the economy of the country to its knees. External debt of the country is more than its GDP.
“Liberia: Government child soldiers,Ganta; on the back of their truck is an anti-aircraft gun. © Teun Voeten, 2003.
Liberia’s decade-long civil war was fuelled by weapons imported in to the country in violation of a UN arms embargo. Shipments over three months in 2002 from a Serbian security company, for example, brought in enough bullets to kill the entire population of Liberia.” – controlarms
Liberia’s decade-long civil war was fuelled by weapons imported in to the country in violation of a UN arms embargo. Shipments over three months in 2002 from a Serbian security company, for example, brought in enough bullets to kill the entire population of Liberia.” – controlarms
01. Republic of the Congo (GDP – per capita: $300)
“This picture shows what Kinshasa is: full of contradictions. The beauty of the sunlight, nature, happy people contrasts with the filth on the streets, disorganisation, poverty… These two persons seem to stand there, in the middle of all that. Can they push the country forward… Are they part of a generation that will one day live in a modern Democratic Republic of Congo, freed of all suffering and pain?” – fredogaza
Republic of the Congo in Central Africa is the last at the bottom of the economic heaps. Depreciation of Franc Zone currencies, incredibly high levels of inflation in 1994, eruption of the civil war, and continuation of armed conflict and slumping oil price in 1998 broke down the economy of the country.
“A group of ‘kotelengana’, or former child soldiers, in DRC” – War Child UK
GDP – per capita (PPP) 2008 Country Ranks
http://www.hottnez.com/the-10-poorest-countries-of-the-world/