Search

Top 10 Countries with the Lowest GDP per Capita

08-OCT-2018 15:45

    Top 10 Countries with the Lowest GDP per Capita

    The Gross Domestic Product (GDP) of economy is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. It divides the country's gross domestic product by its total population. That makes it the best measurement of a country's standard of living. It shows how prosperous a country feels to each of its citizens.

    Top 10 Countries with the Lowest GDP per Capita

    The top 10 Countries with the Lowest GDP per Capita are drafted on the basis of report given by the International Monetary Fund assessments and US Central Intelligence Agency's list of countries by GDP (PPP) are discussed below:

    10. Comoros

    GDP per capita per year: $1,600

    It is located in the Indian Ocean located at the northern end of the Mozambique Channel off the eastern coast of Africa between north-eastern Mozambique and north-western Madagascar. Agriculture, including fishing, hunting, and forestry, is the leading sector of the economy, and 38.4% of the working population is employed in the primary sector.

    9. South Sudan

    GDP per capita per year: $1,500

    It is located in the east-central Africa and shares its border with Sudan to the north, Ethiopia to the east, Kenya to the southeast, Uganda to the south, the Democratic Republic of the Congo to the southwest and the Central African Republic to the west.

    8. Mozambique

    GDP per capita per year: $1,300

    It is located in the southeast of Africa and shares its border with the Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Swaziland (Eswatini) and South Africa to the southwest. Its economy is largely dependent on agriculture.

    Top 10 Coffee Consuming Countries in the World

    7. Niger

    GDP per capita per year: $1,200

    It is located in the Western part of Africa and named after the Niger River. Niger is bordered by Libya to the northeast, Chad to the east, Nigeria and Benin to the south, Burkina Faso and Mali to the west, and Algeria to the northwest. The economy of this country depends upon the subsistence crops, livestock, and some of the world's largest uranium deposits.

    6. Malawi

    GDP per capita per year: $1,200

    It is located in the southeast Africa and shares its border with Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The economy is heavily based in agriculture, with a largely rural population.

    5. Tokelau

    GDP per capita per year: $1,000 (1993 estimate)

    It is a dependent territory of New Zealand in the southern Pacific Ocean. It consists of three tropical coral atolls (Atafu, Nukunonu and Fakaofo). This country is almost entirely dependent on subsidies given by the New Zealand.

    4. Liberia

    GDP per capita per year: $900

    It is located on the West African coast. It is bordered by Sierra Leone to its west, Guinea to its north and Ivory Coast to its east, the Atlantic Ocean to its south. The economy of this country depended heavily on foreign aid, foreign direct investment and exports of natural resources such as iron ore, rubber, and timber.

    Top Asian Countries for Organic Farming

    3. Democratic Republic of the Congo

    GDP per capita per year: $800

    It is located in the Central Africa and shares border with South Sudan to the north; Uganda, Rwanda, Burundi and Tanzania to the east; Zambia to the south; Angola to the southwest; and the Republic of the Congo and the Atlantic Ocean to the west. It is one of the world's richest countries in natural resources but still one of the twenty lowest-ranked countries on the Corruption Perception Index and has the lowest or nearly the lowest, nominal GDP per capita in the world.

    2. Burundi

    GDP per capita per year: $800

    It is located in the African Great Lakes region of East Africa and shares its border with Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of the Congo to the west. The economy is predominantly agricultural and employing more than 90% of the population.

    1. Central African Republic

    GDP per capita per year: $700

    It is located in the Central Africa. It is bordered by Chad to the north, Sudan to the northeast, South Sudan to the east, the Democratic Republic of the Congo to the south, the Republic of the Congo to the southwest and Cameroon to the west. Agriculture is dominated by the cultivation and sale of food crops such as cassava, peanuts, maize, sorghum, millet, sesame, and plantain.

    Top 10 Poorest Countries in Europe

    Top 10 Countries with the Lowest GDP per Capita

    Country (Rank)

    GDP Per Capita per year ($)

    1. Central African Republic

    $700

    2. Burundi

    $800

    3. Democratic Republic of the Congo

    $800

    4. Liberia

    $900

    5. Tokelau

    $1,000 (1993 estimate)

    6. Malawi

    $1,200

    7. Niger

    $1,200

    8. Mozambique

    $1,300

    9. South Sudan

    $1,500

    10. Comoros

    $1,600

    The most of the World's poorest countries are located in Africa. The nominal GDP of the top 10 economies contributed 67% of the world’s economy, while the top 20 economies contribute almost 81%. The remaining 172 countries together constitute less than one-fifth to the world’s economy.

    Top 10 Richest Countries in Africa

    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

    Newsletter Signup

    Copyright 2018 Jagran Prakashan Limited.
    This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK