Top 7 Poorest Countries in the World 2022 by Current International Dollar

Poorest Countries in the world: If someone asks you which is the richest country in the world, you will be able to answer it easily, but at the same time someone asked which is the poorest country in the world? So maybe you will be compelled to think the answer to this question.

List of Top 10 Poorest Countries in The World 2022

Many of you must know about the 10 richest countries in the world. But how many of you know about the 10 poorest countries in the world? In today’s article, we are going to tell you about the 10 poorest countries in the world, poverty is seen in most parts of these countries. rate and employment rate. So let’s know about the 10 poorest countries in the world.

  1. Burundi
  2. Central African Republic (CAR)
  3. Democratic Republic of the Congo (DRC)
  4. Malawi
  5. Niger
  6. Mozambique
  7. Liberia
  8. South Sudan
  9. Comoros
  10. Madagascar

Burundi

Current International Dollar: 727

The tiny country of Burundi, ravaged by Hutu-Tutsi ethnic conflict and civil war, has dropped two places in the rankings since last year. President Pierre Nkurunziza, a former Hutu rebel who won a third term last year in controversial elections boycotted by the opposition after a failed coup, has come under international pressure. 

In March 2016 the European Union, Burundi’s biggest donor, cut government funding in an attempt to force Nkunziza into talks to end the political deadlock. The political crisis pushed the country into recession and the Burundi government, which banned trade with neighboring Rwanda in July 2016, contributed to rising prices for staple foods such as potatoes, citing concerns over food security. 

Poorest Countries in the World 2022 by Current International Dollar
Poorest Countries in the World 2022 by Current International Dollar

The production of coffee, the country’s main export, has also declined. According to the latest UNDP Burundi survey, 82.1% of the population lives on $1.25 or less a day and 90% of the Burundian population is dependent on agriculture. As a result, it is highly vulnerable to population fluctuations, export restrictions and food shortages.

Capital: Gitega
Dialing code: +257
Currency: Burundian franc
President: Évariste Ndayishimiye
Population: 1.19 crores (2020) World Bank
Gross domestic product: 325.82 crores USD (2020) World Bank
Official languages: Kirundi, French, English

Central African Republic (CAR)

Current International Dollar: 746

Rich in gold, oil, uranium and diamonds, the Central African Republic is home to very poor people. However, after claiming the title of the poorest in the world for the best part of the decade, this nation of only 4.7 million is showing some signs of progress.

For the first time since its independence from France in 1960, in 2016 the Central African Republic democratically elected a president: former mathematics professor and prime minister Faustín Archeb Toudera, who campaigned as a peacemaker who fought between the Muslim minority and could bridge the divide. Christian majority. 

While his successful election has been seen as an important step towards national reconstruction, the road to recovery for the nearly 75% of the population living below the poverty line will be a long one.

Poorest Countries in the World 2022 by Current International Dollar

Growth has already picked up, driven by the timber industry and the revival of both the agriculture and mining sectors. The economy is also benefiting from a partially resumed sale of diamonds, which was found funding inter-religious armed groups and operating internationally in 2013. So far, the government has struggled to restore sales and has seen only a fraction of the revenue it once had.

Capital: Bangui
Dialing code: +236
Population: 48.3 lakhs (2020) World Bank
Gross domestic product: 230.31 crores USD (2020) World Bank

Democratic Republic of the Congo (DRC)

Current International Dollar: 791

Since gaining independence from Belgium in 1960, Congo has faced decades of dictatorship, political instability, and constant violence. Now the country is set to turn a page: On 24 January 2019, Felix Antoni Tshisekedi Tsilmbo – the son of veteran opposition leader Etienne Tshisekedi – was elected as the new President.

He got his work cut out for him. His controversial predecessor Joseph Kabila – who ruled since the success of his murdered father in 2001 – is credited with bringing to an end what is commonly referred to as the “Great African War”, a conflict that claimed 6 million lives. claimed, either a direct result due to fighting or disease and malnutrition. 

Poorest Countries in the World 2022 by Current International Dollar

However, he did little to improve the lives of war survivors: 60% of the country’s 77 million people still live on less than two dollars a day. 

With 80 million hectares of arable land and over a thousand minerals and valuable metals under its surface, the Democratic Republic of the Congo has the potential to become one of the richest African countries and a driver of growth for the entire continent according to the World Bank . , Political instability and endemic corruption continue to frustrate that potential.

Capital: Kinshasa
Dialing code: +243
Currency: Congolese franc
President: Felix Tshisekedi
Population: 8.96 crores (2020) World Bank
Continent: Africa
Official language: French

Malawi

Current International Dollar: 1,234

One of the smallest countries in Africa, Malawi has made progress in recent years in improving economic growth and implementing significant structural reforms. Its per capita GDP, which increased from $975 in 2010 to $1,200 in 2018, is now projected to reach $1,580 by 2024. This reformed approach has been witnessed by a stable and democratic government, which has received considerable financial support from both the IMF and the IMF. world Bank. 

Nevertheless, poverty is still widespread, and the country’s economy – largely dependent on rainfed crops – remains vulnerable to weather-related shocks. As a result, while living standards are generally improving in urban areas, food insecurity remains high in rural areas.

Poorest Countries in the World 2022 by Current International Dollar

General elections will be held on 21 May 2019, with the current president Peter Mutharika, who took office in 2014, facing stiff opposition. Malawi is a generally peaceful country that has had stable governments since gaining independence from Britain in 1964. However, the disputed election results are far from being an anomaly.

Capital: Lilongwe
Dialing code: +265
Currency: Malawian kwacha
President: Lazarus Chakwera
Population: 1.91 crores (2020) World Bank
Continent: Africa
Official language: English

Niger

Current International Dollar: 1,280

The Sahara Desert covers 80% of its landmass and a rapidly growing population, largely dependent on small-scale agriculture, with Niger being desert and threatened by climate change. Food insecurity is high, as are disease and death rates, and the military’s repeated clashes with the jihadist group and Islamic State (ISIS) affiliate Boko Haram have displaced thousands. 

One of the main drivers of the economy – the extraction of valuable natural resources such as gold and uranium – also suffers from volatility and low commodity prices.

Poorest Countries in the World 2022 by Current International Dollar
10 Poorest Countries in the World 2022 by Current International Dollar

Nevertheless, the largest nation in West Africa has entered a new political and economic transition. In a political coup since independence from France in 1960, Niger in 2011 declared Mahamadou Issouf, the stalwart opposition leader, the winner of the presidential election. Since then, the adoption of a new investment code, improved credit and to some extent faster access to water have contributed to the sharp increase in foreign direct investment.

Capital: Niamey
Dialing code: +227
Population: 2.42 crores (2020) World Bank
President: Mohamed Bazoum
Currency: West African CFA franc
Fertility rate: 6.82 births per woman (2019) World Bank

Mozambique

Current International Dollar: 1,331

The former Portuguese colony has arable land and water and substantial energy and mineral resources. On top of that, a recently discovered natural gas offshore field could add an estimated $40 billion to its economy by 2035. 

Mozambique is also strategically located, as four out of four countries border it and depend on it as a conduit for global trade. , and has posted an average GDP growth rate of over 5% over the past 10 years. 

Poorest Countries in the World 2022 by Current International Dollar

Nevertheless, it is among the top 10 poorest countries in the world, with large segments of the population living well below the poverty line. While the 15-year long civil war ended in 1992, severe climatic conditions, corruption and political instability never went away. In October 2019, the country will elect its next president and Congress.

Capital: Maputo
Dialing code: +258
Currency: Mozambican metical
President: Filipe Nyusi
Population: 3.13 crores (2020) World Bank
Official language: Portuguese

Liberia

Current International Dollar: 1,413

Africa’s oldest republic has also been among the poorest countries for the longest time. While the country has enjoyed peace and stability since the end of the civil war in 2003, its governments failed to adequately address serious systemic problems and structural challenges. To add to the difficulties, this country of just 4.7 million struggled to recover from falling commodity prices and the major Ebola epidemic that hit West Africa in 2014.

800px Flag of Liberia.svg
5 Poorest Countries in the World 2022 by Current International Dollar

Things are looking fine. Growth and GDP per capita figures have improved significantly, with the IMF forecasting a favorable trend for years to come. what changed? For one thing, the president: George Wai, once named the world’s best footballer, was elected in the 2017 general election. His administration has focused on job creation, economic diversification and critical infrastructure needs and so far, his scorecard shows some positive results.

Capital: Monrovia
Dialing code: +231
President: George Weah
Currency: Liberian dollar
Population: 50.6 lakhs (2020) World Bank
Continent: Africa
Official language: English

South Sudan

Current International Dollar: 1,613

South Sudan is the newest nation in the world. It was born on July 9, 2011, six years after the agreement that ended the conflict with Sudan, Africa’s longest-running civil war. However, violence has continued to devastate this land-locked state of 12.5 million. 

Forming 10 southern regions of Sudan and home to about 60 indigenous ethnic groups, a new conflict erupted in 2013 when President Salva Kiir accused his former deputy, rebel leader Reich Machar, of orchestrating the coup. As a result, it is estimated that around 400,000 people were killed in the conflict and more than 4.3 million have been displaced.

South Sudan may be a very prosperous nation, but with oil accounting for almost all of its exports, commodity prices and rising security-related costs plagued the country’s economy. Outside the oil sector, the majority of the population is employed in small-scale subsistence farming. 

10 Poorest Countries in the World 2022 by Current International Dollar

In August 2018, Keir and Machar signed a ceasefire and power-sharing agreement. Months later, they were hosted at the Vatican, where Pope Francis fell and kissed his feet on his knees in a plea to keep the peace. If they succeed, the people of South Sudan may eventually have a shot at living more prosperous lives.

Capital: Juba
Dialing code: +211
Currency: South Sudanese pound
President: Salva Kiir Mayardit
Population: 1.12 crores (2020) World Bank
Gross domestic product: 1,199.78 crores USD (2015) World Bank
Official language: English

Comoros

Current International Dollar: 1,662

This volcanic archipelago in the Indian Ocean, north of the Mozambique Channel, is a natural paradise with pristine beaches and incredible forest vegetation. Financially, though, it’s a nightmare. Unemployment is generally high among the less-educated low-skill workforce, because of a reliance on foreign aid and technical assistance. 

Although the country’s lava-free soils are unsuitable for agriculture, the youngest and rapidly growing population of about 800,000 make a living from subsistence farming with tourism, fishing and forestry being the other backbone of the economy.

Poorest Countries in the World 2022 by Current International Dollar
8 Poorest Countries in the World 2022 by Current International Dollar

After gaining independence from France in 1974, the Comoros went through a long period of political instability, which fueled economic activity and forced many people to leave the country. Current President Azali Assoumani—who returned to power for the third time in 2016—introduced a number of structural reforms and poverty-reduction programs. However, political uncertainty persists, fiscal accounts are badly hit and extended power outages that make business impossible are the norm.

Capital: Moroni
Dialing code: +269
President: Azali Assoumani
Currency: Comorian franc
Population: 8.7 lakhs (2020) World Bank
Continent: Africa
Official languages: Comorian, French, Arabic

Madagascar

Current International Dollar: 1,699

Located 400 kilometers off the coast of East Africa, Madagascar is the fourth largest island in the world. Known for its stunning wildlife, the thriving tourism industry has not been able to lift the country out of poverty. Most of the population is still dependent on agriculture for their livelihood, making the country’s economy particularly vulnerable to weather-related disasters. 

Since gaining independence from France in 1960, Madagascar has faced political instability, violent coups and disputed elections. In 2013, former Finance Minister Hari Rajaonarimpanina won free and fair elections and made poverty reduction and infrastructure development a major priority as president. 

Poorest Countries in the World 2022 by Current International Dollar

During his time in power, the increase steadily increased, rising from 2.2% to 5%. However, the 2018 election was marred by allegations of fraud, which increased the risk of new political instability. Controversial businessman Andrey Rajoelina, who already held the presidency between 2009 and 2014, returned to power. Hopefully, he won’t jeopardize the progress made under his predecessor.

Capital: Antananarivo
Dialing code: +261
Currency: Malagasy ariary
Population: 2.77 crores (2020) World Bank

People Also Ask of Poorest Countries in the World

What are the top 10 poor countries in the world?

Burundi is the world’s poorest country followed by Central African Republic, DR Congo, South Sudan and Somalia as the poorest. The richest countries are Luxembourg, Singapore, Ireland, Qatar and Switzerland. Soberingly, 19 of the 20 poorest countries are all located in Africa.

Which country is No 1 poor country?

Burundi. Current International Dollar: 727
The tiny country of Burundi, ravaged by Hutu-Tutsi ethnic conflict and civil war, has dropped two places in the rankings since last year. President Pierre Nkurunziza, a former Hutu rebel who won a third term last year in controversial elections boycotted by the opposition after a failed coup, has come under international pressure. 

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