A country's Gross Domestic Product (GDP) per capita is what is used to determine if a country is rich or poor.
The Sub- Saharan reigion has produced five of the poorest countries, upto date problems such as institutional weakness, corruption, poor infrastructure and a lack of human capital, are holding these countries behind.
It happens that the list of top ten poorest coutries in the world are all from Africa.
We are going to begin from number 10 going down to number:
Alleviating poverty: at the end of the civil war in 1992, ranked among the poorest countries in the world. It still ranks among the least developedcountries, with very low socioeconomic indicators. In the last decade, however, it has experienced a notable economic recovery.
As more and more women in Mozambiquebecome the heads of their households and have limited access to land, their situation escalates. So, what are other factors to observe when asking “why is Mozambique poor?” War, disease and even natural disasters also contribute to the country's high poverty levels.
The economy of Liberia is extremely underdeveloped, largely due to the FirstLiberian Civil War from 1989–96. Liberiaitself is one of the poorest and least developed countries in the world. Because of the country's low agricultural production and poor household incomes,Liberia has suffered from chronic food insecurity since the civil war. Healthcare systems are also struggling to recover and the Ebola epidemic of 2014 proved that the system was still too weak.
Mali is one of the poorest countrieson the planet with a GDP per capita of just $837 (£589). The drought-prone African nation features on the United Nation's list of 47 least developed countries and much of its population relies on subsistence farming to scratch out a meagre living.
7. Burkina Faso
Burkina Faso is a low-income country, but there are no official poverty figures. However, average income per capita in the rural areas is estimated to be near the poverty level, and it can be concluded that probably more than 60 percent of the population are in poverty.
6. Sierra Leone
Sierra Leone remains among the world'spoorest countries, ranking 180th out of 187 countries in the Human Development Index in 2011. Decades of economic decline and 11 years of armed conflict had dramatic consequences on the economy. There are several factors that contribute to the persistent poverty in Sierra Leone. This paper will focus on four key factors: corruption within the government, insufficient infrastructure, lack of education and inadequate civil rights.
With a GDP per capita of US$267, thecountry's 10.16 million people are among the poorest in the world. Burundi ranked 180 out of 186 in the last Human Development Index. As much as 89% of the active population depends on farming a territory as densely populated as Belgium. Poor economic planning and management from the government prevents economic growth. Burundi is landlocked, and its population is continually increasing. Landis the greatest source of conflict inBurundi. The country is overpopulated and rural, so land is valuable because it is a source of agriculture.
Chad is one of the poorest and most corrupt countries in the world; most of its inhabitants live in poverty as subsistence herders and farmers. Since 2003 crude oil has become the country's primary source of export earnings, superseding the traditional cotton industry. Chad, in Central Africa, has one of the highest levels of hunger in the world - 66.2percent of its population of 15.5 million live in severe poverty. It is ranked 187th out of 189 countries in the 2019 Human Development Index. Conflict and the climate crisis exacerbate hunger and poverty in Chad. 3. South Sudan Poverty is endemic with at least 80 percent of the population defined as income-poor and living on n equivalent of less than US$1 per day. More than one third of the population lacks secure access to food. However, it is a well-endowed and potentially rich country.
2. Central African Republic
History of Poverty and Conflict: There are many reasons why the Central African Republic has such high poverty rates. The main reason lies in the history of the nation. After CAR gained independence from France in 1960, it had religious rivalries, a variety of ethnic groups and multiple political ideologies.
The economy of Niger centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, a 2.9% population growth rate, and the drop in world demand for uranium have undercut the economy. It happens to be ranked the poorest country not only in Africa as well In the world. Kindly Follow me at UHURU_01 for more stories.
Content created and supplied by: Uhuru_01 (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More