Democratic Republic of the Congo
- GDP: $42.6 billion
- Population: 102,553,019
- Regional Culture: Diverse ethnic groups with rich cultural heritage and traditional practices.
- Government Name: Democratic Republic of the Congo
- Main Source of Income: Abundant natural resources, including minerals and agriculture.
- Cause of Poverty: Enduring conflict, political instability, and economic mismanagement contributing to widespread poverty.
Democratic Republic of the Congo, despite its abundance of natural resources such as cobalt and copper, faces major economic issues and is often seen as the poorest country in the world.
In the Democratic Republic of Congo, primary requirements focus on food security. A shocking 62% of the population lives on less than $2.15 per day, while conflict and disasters keep adding to the food situation.
Top 10 Poorest Countries in the World by GDP (Updated 2023)
South Sudan is considered one of the poorest countries in the world. It is located in East-Central Africa, has a population of around 12 million people, and covers an estimated area of 644,330 square kilometers. Juba serves as the capital, and the country gained independence from Sudan on July 9, 2011, facing ongoing challenges such as internal conflicts and economic cricis despite its significant oil resources.
Identifying the poorest country in the world demands a deep dive into global economic landscapes. To understand why some countries are really poor, we need to look closely at things like how they handle money, share resources, and trade with other nations. By digging into these details for the top 10 poorest countries in the world, we can uncover the many challenges these countries face, giving us a clearer picture of why their economies are struggling.
In this article, we have covered the list of the top 10 poorest countries in the world, sorted by their GDP(Gross Domestic Product) and PPP(Purchasing Power Parity), economic challenges, and disparities across the globe. We have covered the deep realities of the poorest countries in the world, examining factors such as income inequality, development struggles, and the impact of international aid on these nations’ socioeconomic status.
Let’s get a closer look at these and identify the poorest country in the world based on GDP.