Top 10 Poorest Countries in the World – 2016 List

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As cliché as it may be, many believe that money makes the world go round. Upon second thought, this notion really doesn’t seem to be too farfetched at all. In general, some of the most powerful people in the world tend to be the richest ones, and some of the richest people in the world tend to become some of the most powerful. Whether an accurate unit of measurement or not, a multitude of people around the world will end up defining their success through the money they’ve made throughout their lives. If not anything else, money is an easy unit of measurement to work with because it’s probably the only directly quantifiable measure of success there is.

With all of being said, quite possibly the only thing as powerful as having money, is lacking it. There is such an obvious disparity between rich and poor all over the world. Furthermore, even the definition of the word “poor” is relative to the context and location. Having money can surge a nation forward, while not having it can hold a nation back. To see just exactly how powerful this is, here are the Top 10 Poorest Countries in the World.

10 – Guinea (GDP per capita of $523.10)

GuineaTypically, the wealth of a country is measured by its Gross Domestic Product (GDP) per capita, which is the purchasing power of all goods and services produced in a country, divided by its population. In essence, this defines the purchasing power of a single person within the country. To begin this list is Guinea, with a GDP per capita of $523.10. Guinea hasn’t seen a period of economic stability since the 1990’s, when their mining and agricultural industries did them well. Since then however, Guinea has fallen victim to sever sociopolitical crises, which rapidly decayed the state of their economy. Much of their economy is still largely based on agriculture, which is difficult because farmers only have access to outdated information and obsolete technology, as investors tend to shy away from the nation entirely.

9 – Ethiopia (GDP per capita of $505.00)

Shoppers and vendors make their way down a flooded street in Merkato, one of Africa's largest market areas, in Addis Ababa, Ethiopia Wednesday, Aug. 29, 2012. (AP Photo/Rebecca Blackwell)

Interestingly enough, Ethiopia has historically been a relatively wealthy nation. Although today, and throughout recent years, this really hasn’t been the case. To its credit, Ethiopia theoretically has the right practices in place. They’ve been undergoing a large political reform, one of the benefits of which is the supposed facilitation of economic growth and stability. In fact, since 2007, Ethiopia has places itself above many sub-Saharan African nations in terms of its economic performance. Although regardless of this, it remains one of the poorest nations in the world, only holding a GDP per capita of $505.00. This is a result of Ethiopia’s large population, and dependence on a poorly funded, underdeveloped, and vulnerable agricultural industry as a staple in their economy.

8 – The Gambia (GDP per capita of $488.60)

Next on the list is The Gambia, both one of the African continent’s smallest and The Gambiapoorest nations. With an area of roughly 11,000 square kilometers, and a population of roughly 1.8 million people, The Gambia struggles immensely with trying to make economic leaps forward. Although there are multiple factors to consider, what is likely their biggest hindrance is the lack of diversity within their economic system. The Gambia relies primarily, and almost solely, on farming and fishing to drive their economy. Both of these are incredibly vulnerable to poor weather conditions. It also doesn’t help that the soil fertility of the farming land is typically low, further decreasing both the quantity and quality of seasonal yields. These alone causes several ripple effects towards their economy and the subsequent living conditions that the people of the nation have to endure. With a GDP per capita of $488.60, and over half of the population living well under the poverty line, the people of The Gambia are subject to such a poor standard of living that the nation falls into a “hunger season” when rainfall is at its peak.

7 – Democratic Republic of the Congo (GDP per capita of $484.20)

Democratic Republic of the CongoDirectly juxtaposing the previous entry in the list, the Democratic Republic of the Congo is Africa’s second largest country, holding a staggering population of roughly 77 million people. A large population isn’t always a good thing however, as (especially with poorer nations) this just means there is less money to go around. What is even more intriguing about this case, however, is the fact that the Democratic Republic of the Congo is actually very rich in valuable natural resources. Similarly, the land expands over 2.35 million square kilometers, much of which is forests, although it also holds a great expanse of farmable lands and waters. In spite of all of these things, the Democratic Republic of the Congo has been subject to a very unstable, corrupt political system that has been holding back the potential of the nation’s wealth drastically. As a result of this, with a GDP per capita of $484.20, a large portion of the nation’s people remain unemployed, and their lack of money thus results in their living within greatly inadequate living conditions.

6 – Madagascar (GDP per capita of $463.00)

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Although this remains a list of the world’s poorest nations, some of the nations on this list are actually making progress in securing economic stability for themselves. Madagascar, unfortunately, is not one of these countries. Over the last 20 years, the standard of living within this island country has declined significantly. With a population of more than 20 million people, Madagascar has a GDP per capita of $463.00, with about 70 percent of the nation’s people living under the poverty line. Once again reliant primarily on agriculture, the vulnerability of the industry, lack of potent farming land, and the growing population only make their economic situation worse and worse over time.

5 – Liberia (GDP per capita of $454.30)

Liberia PovertyThe Second Liberian Civil war was a conflict within Liberia that lasted from 1999 all the way through 2003. A quick look at history will show that wars generally don’t leave involved nations economically intact as a result. Liberia is no exception to this. Having just been subject to a 14 year-long political conflict that not only ravaged lands, but also needed to make use of some of Liberia’s already finite resources, the nation was left economically crumbled by the civil war. It is also of no benefit that Liberia is, once again, primarily reliant on agriculture to drive its economy. The GDP per capita of the war-torn nation stands at $454.30, and in 2010, it was estimated that more than 80 percent of the nation’s people were living less with less than $1.25 per day. With low yields due to old farming technologies, as well as having overall poor infrastructure, Libera only marks the halfway point down this list of the poorest countries in the world.

4 – Niger (GDP per capita of $415.40)

NigerAside from being one of the world’s poorest, Niger stands as one of the world’s most underdeveloped nations across several categories. Although it continues to make developments in reducing infant mortality, and enhancing education, the development category of poverty has unfortunately remained rather stagnant, keeping the nation’s GDP per capita at $415.40. Niger’s economy is driven by two main forces: the extraction of valuable natural resources available within the nation (including gold, uranium, and even oil), and small-scale agriculture. Unfortunately, both of these economic sources can easily be devastated by random shifts in climate and weather, and thus Niger has struggled in developing themselves economically.

3 – Central African Republic (GDP per capita of $333.20)

Like Liberia, the Central African Republic has in the past been victim to war and
Central African Republicsignificant political instability. The landlocked central African nation also supports very, very poor infrastructure, thus limiting the efficiency of the distribution of the nation’s resources. Furthermore, this nation also shares similarities with most other African nations in that its economy is mostly directed by agriculture, although an estimated 45 percent of the Central African Republic’s export revenues are from diamonds. However, because of the poor infrastructure and governance that the nation has to deal with, only about 4 percent of the actual arable land that the nation holds is actually used. As a result, the majority of the working population that works within the industry suffer immensely, holding the nation to a GDP per capita of $333.20.

2 – Burundi (GDP per capita of $267.10)  

BurundiHaving suffered from recurring violence and political disputes, it is no surprise that Burundi ranks as the second poorest nation in the world, even though the country is working tirelessly to rebuild itself. Aside from the estimated 300,000 civilian casualties resulting in a 67 percent poverty rate, the violent political rivalries were also detrimental to Burundi’s agricultural development. Even now, the nation ravaged by war holds very little farmable land, and any land that may be used for small-scale farming is still fragile due to the vulnerability to shifting climates and weather conditions. With the population growing rapidly, food prices rising, and a GDP per capita of $267.10, Burundi places as the second poorest country in the world.

1 – Malawi (GDP per capita of $226.50)

MalawiHolding a population of 16 million while also being one of the smallest African nation doesn’t set you up for accumulation or distribution of wealth. Arguable the most underdeveloped nation in the world, Malawi suffers greatly in essentially all categories available. Access to education, general standard of healthcare, infrastructure, and quality of living conditions are all limited or substandard. Because the nation is unable to develop in general, they’re for all intents and purposes stuck with trying to drive their economy using only the most primitive levels of agriculture. With common weather variations, as well as injuries and fatalities facilitated by poor health care, Malawi’s world lowest GDP per capita of $226.50 doesn’t seem like it will be rising too significantly any time soon.

Sometimes days may seem tough. Maybe things just didn’t go the way you want, or perhaps you’re frustrated with where your life stands currently. While many may have perfectly valid reasons for frustration, it is equally as important to take moments everyday to appreciate the reasons your life may be great. There’s privilege to be seen everywhere, even in something so simple as the internet connection required for you to have read this article.

Source: http://gazettereview.com/2016/06/top-10-poorest-countries-world/

7 Responses to Top 10 Poorest Countries in the World – 2016 List

  1. THE NEFETEGNAS ABSOLUTE SLOTH BACKWARD RULE FOR THE PAST 100+ years HAD MADE ETHIOPIA THE EMBLEM OF MASS STARVATION AND POVERTY.

    of course, Correcting and fixing Nefetegnas socioeconomic ignoble mess will take generations if not centures.

    Gojam Debremarkos
    June 18, 2016 at 1:19 pm

  2. All time the habesha is happy all bad thing about Ethiopia.why?

    Million
    June 18, 2016 at 4:29 pm

  3. “To its credit, Ethiopia theoretically has the right practices in place. They’ve been undergoing a large political reform, one of the benefits of which is the supposed facilitation of economic growth and stability. In fact, since 2007, Ethiopia has places itself above many sub-Saharan African nations in terms of its economic performance. Although regardless of this, it remains one of the poorest nations in the world, only holding a GDP per capita of $505.00.”

    The above comment is an insult to the Ethiopian people and people who know Ethiopia and to add injury to the insult hey carry on to say …..

    “This is a result of Ethiopia’s large population, and dependence on a poorly funded, underdeveloped, and vulnerable agricultural industry as a staple in their economy.”

    Intellectual/educated elites and those holding power legitimately are is abusing people by hiding behind, democracy, rule of law etc.

    Ethiopians’ claim your country!!!

    wedinakfa
    June 18, 2016 at 7:14 pm

  4. Can we learn from Nefetegnas shameful legacy ?

    The backwardness and poverty in Ethiopia is the shameful legacy of the Showa Amhara (Nefetegna) 100+ years of retard rule.
    Instead of think rational and big, the Showa dominated rulers blinded by tribal hatred and oppressive game by oppressing and enslaving Oromos,Oppressing Sidamas, oppressing semen Amaras, systematically genociding Tigres, systematically genociding Eritreans, selling Rthiopias major strategic land and ports included Dejibuti to France, Somalia to British and Italy and Eritrea to Italy.
    All this crimes were committed to insure Nefetegna (Showa Amharas) socioeconomic and political dominance of the Nefetegnas tribe (Showa Amharas tribe).

    Gojam Debremarkos
    June 19, 2016 at 8:25 am

  5. To oppose politicians in power in Ethiopia is one thing but to say things that are not true or at least questionable is bad journalism. The Ethiopian growth and development is the result of the efforts of all Ethiopians and credit must be given when and where it is due. Painting images that do not reflect reality belitles the country and the people. We don’t think copying and pasting false reports that undermine the country’s place in the family of nations helps oppostion politics. It only shows hate to ones country and its people.

    For your information, one reliable report says Ethiopia is not one of the ten poorest countries in the world. If you want to see the report , check this one: http://entotosocjusticeinfo.blogspot.ca/2016/06/ten-poorest-countries-in-world-unlike.html

    It is difficult to justify that Ethiopia is one of the ten poorest countries in the world while it is one of the top ten growing economies of the world for the last decade. If you doubt, see the following: http://entotosocjusticeinfo.blogspot.ca/2016/06/how-about-this-one-top-ten-countries.html

    We are not suggesting that Ethiopia is one of the best in the world or even good, but let’s not write or publish reports that are based on hate.

    Dugassa Dugu
    June 19, 2016 at 6:52 pm

  6. War is one of the best ways to get into the pockets of the stingy diasporas that don’t send the Ethiopian government money unless war with Eritrea starts. This recent war is once again being successful fund raising for TPLF with the constant donation starting to flow already . you can say it is the diaspora elites that are instigating to make this minor conflict turn into a full blown war.If we expect a lasting peace between Ethiopia and Eritrea the diaspora Eritreans and diaspora Ethiopians need to come into agreement.

    Meseret
    June 21, 2016 at 11:57 am

  7. የኢትዮጵያ መንግስት ያለበት እዳ 36.6 ቢሊዮን ዶላር መድረሱ ተገለጸ::

    ሃገሪቱ የምትበደረው ገንዘብ በመጨመር ላይ ቢሆንም ከውጭ ንግድ የሚገኘው የውጭ ምንዛሪና ክምችትን ግን እየቀነሰ መምጣቱን የንግድ ሚኒስቴር በቅርቡ ይፋ ማድረጉ ይታወሳል።የአዲስ አበባ ተራ አስከባሪዎች ያለፍላጎታቸው የኢህአዴግ አባል እንዲሆኑ እየተገደዱ የብሄራችሁን ማንነት ግለጹ ተብለን ተገደናል በማለት የደረሰባቸውን በደል የገለጹት የከተማዋ ነዋሪዎች ከሚያገኙት አነስተኛ ገቢ ግብር እንዲካፈሉ መደረጉም አግባብ አለመሆኑን አክለው አስረድተዋል።
    ነው::በከተማዋ በታክስ ደንብ ማስከበር ስራ ላይ ተሰማርተው የሚገኙ እነዚህ ወጣቶች በተለያዩ ጊዜያት በትራንስፖርት
    .ሃያላን መንግስታት እዳ ስረዛ ለኦሮሞ አያደርጉትም::::መስጫ አገልግሎት የሚሰራጩ ፖለቲካዊ ውግዘት ያላቸው ወረቀቶች ለፓርቲው ስጋት እየሆኑ መምጣታቸውንም አስረድተዋል።በአዲስ አበባ ከተማ በሚገኙ አስሩም ክፍለ ከተሞች በታክሲ ተራ ማስከበርና በተሽከርካሪ ማፅዳት ስራ ላይ ተሰማርተው የሚገኙ ወጣቶች ያለፍላጎታቸው የገዥው የኢህአዴግ አባል እንዲሆኑ መገደዳቸውን .አስታወቁ።
    .ሃያላን መንግስታት እዳ ስረዛ ለኦሮሞ አያደርጉትም::::የኢትዮጵያ መንግስት ያለበት እዳ 36.6 ቢሊዮን ዶላር መድረሱ ተገለጸ::
    የኢትዮጵያ መንግስት እስከ ፈረንጆች አቆጣጠር 2015 ዓም ማጠናቀቂያ ድረስ ያለበት አጠቃላይ እዳ 36.6 ቢሊዮን ዶላር መድረሱ ተገለጠ።
    ይኸው የሃገሪቱ የእዳ መጠን ከአጠቃላይ ሃገራዊ ምርት ጋር ሲነጻጸር ወደ 55 በመቶ የሚደርስ ሲሆን፣ መንግስት ከሚያጸድቀው በጀት ውስጥ ለእዳ ክፍያ የሚመደበው ገንዘብ እየጨመረ መምጣቱ ታውቋል።
    ለ2009 ዓም ከተያዘው 274 ቢሊዮን ብር በጀት መካከል መንግስት ወደ 14 ቢሊዮን ለእዳ ክፍያ መመደቡ ይታወሳል።
    እንደፈረንጆቹ አቆጣጠር በ 2014/2015 ዓም የኢትዮጵያ አጠቃላይ በጀት ወደ 19 ቢሊዮን ዶላር ደርሶ የነበረ ሲሆን፣ ብድሩ በከፍተኛ ሁኔታ ጭማሪን በማሳየት በአሁኑ ወቅት 36.3 ቢሊዮን ዶላር መድረሱን በሃገር ውስጥ ያሉ መገናኛ ብዙሃን የገንዘብና የኢኮኖሚ ሚኒስቴር መረጃን ዋቢ በማድረግ ዘግበዋል።
    የኢትዮጵያ ውጭ እዳ መጠን ብቻ ወደ 20 ቢሊዮን ዶላር አካባቢ መሆኑንና የእዳ መጠኑ የሃገሪቱ አጠቃላይ አመታዊ ምርት 30 በመቶ እንደሚሸፍን ታውቋል።
    ለብድር የሚከፈለው የወሊድ መጠን ከፍተኛ መሆኑን የገልጹት የምጣኔ ሃብት ባለሙያዎች በበኩላቸው የሃገሪቱ አጠቃላይ እዳ እየጨመረ መምጣት በኢኮኖሚ እድገቱ ላይ አሉታዊ ተፅዕኖን ማሳደሩን አስረድተዋል።
    በተያዘው የ2008 አም ብቻ መንግስት ከአለም ባንክ የተበደረው እዳ 1.8 ቢሊዮን ዶላር ሲሆን፣ የቻይና መንግስትን ጨምሮ የተለያዩ አበዳሪ አካላት ከፍተኛ ገንዘብ በብድር ማቅረባቸው ታውቋል።
    የአለም ባንክ በተያዘው በጀት አመት ለኢትዮጵያ ያበደረው ገንዘብ ከዚህ በፊት ከነበሩ ብድሮች ጋር ሲነጻጸር በመጠን ከፍተኛው ሆኖ ተመዝቧል።
    ሃገሪቱ የምትበደረው ገንዘብ በመጨመር ላይ ቢሆንም ከውጭ ንግድ የሚገኘው የውጭ ምንዛሪና ክምችትን ግን እየቀነሰ መምጣቱን የንግድ ሚኒስቴር በቅርቡ ይፋ ማድረጉ ይታወሳል።
    የኢትዮጵያ መንግስት ያለበት የእዳ ክምችት እስከ 30 አመት በሚደርስ ጊዜ የሚጠናቀቅ በመሆኑ ሃገሪቱ በወለድ የምትከፍለው ገዘብ መጠን ከፍተኛ መሆኑ ይነገራል።

    በየክፍለ ከተሞቹ የሚገኙ የኢህአዴግ ተወካዮች ወጣቶቹ በአባልነት ካልታቀፉና ፎርምን ካልሞሉ በተሰማሩበት ስራ ላይ መቀጠል እንደማይችሉ ሰሞኑ ባካሄዱት ስብሰባ ላይ እንደተገለጸላቸው ወጣቶቹ ከዜና ክፍላችን ጋር ባደረጉት ቃለ-ምልልስ ገልጸዋል።

    ለደህንነታቸው ሲሉ ስማቸውን መግለጽ ያልፈለጉት እነዚሁ ወጣቶች ራሳቸውንና ቤተሰቦቻቸውን ለመደገፍ ሲሉ በራሳቸው ተነሳሽነት ስራቸውን በ1984 አም እንደጀመሩ አውስተዋል።

    ይሁንና፣ የኢህአዴግ ባለስልጣናት ወጣቶች ስራቸውን እንዲቀጥሉ አስገዳጅ የአባልነት ጥያቄን በቅድመ ሁኔታ በማስቀመጣቸው ምክንያት ፎርሙን ያለፍላጎታቸው እንዲሞሉ ከኢሳት ጋር ባደረጉት ቃለምልልስ ገልጸዋል።

    ፎርሙን ተገደን ብንሞላም ልባችን ግን ከፓርቲው ጋር አይደለም ሲሉ የሚናገሩት ወጣቶቹ በተደረገባቸው ጫና እጅግ ማዘናቸውን አክልለው አስረድተዋል።

    የብሄራችሁን ማንነት ግለጹ ተብለን ተገደናል በማለት የደረሰባቸውን በደል የገለጹት የከተማዋ ነዋሪዎች ከሚያገኙት አነስተኛ ገቢ ግብር እንዲካፈሉ መደረጉም አግባብ አለመሆኑን አክለው አስረድተዋል።

    አዲስ አበበ ከተማን ጨምሮ በሁሉም ሃገሪቱ ክልሎች በአነስተኛ ጥቃቅን ስራ ላይ ተሰማርተው የሚገኙ ሰዎች በተመሳሳይ ሁኔታ የኢህአዴግ አባል እንዲሆኑ መደረጋቸውን ሲገልጹ መቆየታቸውን ይታወሳል።

    በከተማዋ በታክስ ደንብ ማስከበር ስራ ላይ ተሰማርተው የሚገኙ እነዚህ ወጣቶች በተለያዩ ጊዜያት በትራንስፖርት መስጫ አገልግሎት የሚሰራጩ ፖለቲካዊ ውግዘት ያላቸው ወረቀቶች ለፓርቲው ስጋት እየሆኑ መምጣታቸውንም አስረድተዋል።
    .ሃያላን መንግስታት እዳ ስረዛ ለኦሮሞ አያደርጉትም::::

    https://oromiaafairs.wordpress.com/2014/07/17/woyanne-rounded-up-3000-oromo-students-in-addis-ababa-shaved-their-heads-and-sent-them-to-a-concentration-camp-in-afar-region-photo/

    http://mereja.com/forum/viewtopic.php?f=2&t=83152&start=10
    ሃያላን መንግስታት እዳ ስረዛ ለኦሮሞ አያደርጉትም::::

    36.6 ቢሊየን ዶላር ???
    June 21, 2016 at 9:20 pm