Top 10 Poorest Countries in the World 2012

It is surprising to know that while the current era is in a competition to outdo the other, there is a section of the human kind who still struggles to have the basic amenities of living, forget about having a standard life style. Yes we are talking about those nations on the globe which are still underdeveloped and far from modernisation. Africa has the maximum number of poor countries which has been included in the below list of top ten poorest countries in the world.

List of Top 10 Poorest Countries of 2012

1. Congo

2. Liberia

3. Zimbabwe

4. Central African Republic

5. Niger

6. Burundi

7. Eritrea

8. Sierra Leone

9. Malawi

10. Togo

Top Ten Poorest Countries in the World 2012

View through the content and know about the hardships related to the top ten poorest countries in the world.

1. Congo

Known as Zaire until 1997, Congo is the poorest of all countries in the world. With GDP per capita as $328, the African nation has been torn apart by war, famine and corruption after the World War II. 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. It is the last place on earth that anyone shows interest in visiting. Poverty has hit it so badly that even today there exists the tribe who is carnival.

2. Liberia

Liberia is a West African country which is officially known as the Republic of Liberia.  Due to economic mismanagement, the economy of the country had a rapid decline resulting in the outbreak of the 1989 Civil War, which though ended in 2008 did not help the State in further development. The current job rate of Liberia is 15% with $456 GDP per capita.

3. Zimbabwe

A part of the British Commonwealth of Nations, Zimbabwe is a landlocked country in the Southern part of Africa which was formerly known as Rhodesia. Mineral exports, agriculture and tourism as the main source of income, the country’s economy started falling after 2000 with various problems including shortage of foreign exchange, soaring inflation, and supply shortages due to mismanagement, negligence and corruptions. With unemployment as high as 80% its GDP per capita is $487.

4. Central African Republic

Central African Republic is a central African nation which covers a land area of about 240,000 square miles and has an estimated population of about 4.4 million. Basically an agricultural based country, the annual GDP growth rate is only 3% and $768 GDP per capita. CAR is also badly affected by dangerous diseases like HIV and AIDs reducing life expectancy to 45 – 48 years. Due to fraud, dishonesty and weak government, citizens are forced to depend on foreign aid and the support of aid workers.

5. Niger

Named after the Niger River, Niger is a developing nation located in West Africa. The progress of the country gets interrupted by its landlocked position, desert terrain, poor education, poverty, lack of infrastructure, poor health care, and environmental degradation. The poor condition of Niger is further exaggerated by political instability, extreme vulnerability to exogenous shocks and inequality which affects girls, women and children disproportionately and resulting in $771 GDP per capita.

6. Burundi

With only $615 GDP per capita, Burundi is yet another country which lies in the group of top ten poorest countries in the world. It is situated in the Great Lakes region of Eastern Africa with dense population but low income rate. On one hand political unrest owing to social differences between the Tutsi and Hutu tribes while on the other side corruption, poor access to education, and the effects of HIV/AIDS has made the economy almost numb.

7. Eritrea

Bordered by Sudan in the west, Ethiopia in the south and Djibouti in the south west, Eritrea is a country in the Horn of Africa which was affected by Italian colonizers during the 19th century. Like many of its neighbours, Eritrea’s economy is largely based on subsistence agriculture with 80% of the population involved in farming and herding. It has a low annual growth of 3.6% and GDP per capita is $735 for which drought is responsible.

8. Sierra Leone

Despite of being blessed with natural resources such as diamonds, titanium, bauxite, gold, and rutile 70% of its population still live in poverty with $849 as GDP per capita. The Sierra Leone Civil War between 1991 and 2002 left the state devastated and destroyed with more than 50,000 lives lost, much of the country’s infrastructure ruined and more than two million people displaced. Due to slow privatisation and implementation of reforms in the civil service, Sierra Leone is witnessing high rate of unemployment.

9. Malawi

Nick named as “The Warm Heart of Africa”, Malawi has inhabitants more than 13,900,000 maximum of them residing in rural. The economy is heavily based on farming and cultivation ensuing in $860 GDP per capita and is considered as one among the least developed nations across the world. There are many investment barriers in Malawi, which the government has failed to address, including high service costs and poor infrastructure for power, water, and telecommunications.

10. Togo

A tropical sub Saharan nation, Togo is officially known as the Togolese Republic and a former colony of French. Political unrest, battered economy and poor quality of life and education have made the nation one among the top ten poorest countries in the world with GDP per capita as $899. Half of the country’s population live on less than $1.25 per day and 20.5% of children under the age of 5 are considered underweight.

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