Top 5 poorest countries in the world

What do you think which place or country comes in the poorest country in the world? Let’s find out the world’s 5 poorest countries based on some economic stats. You won’t believe in some of these names but its true.

Here is some important information you might need to aware off before you begin to know Top 5 poorest countries in the world.

What is PPP (Public-Private Partnership)

Public-private partnership (PPP) is a funding model for a public infrastructure project such as a new telecommunications system, airport or power plant. The public partner is represented by the government at a local, state and/or national level.

 

What is GDP(Gross domestic product)

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period.

Now come on the topic!

Top 5 poorest countries in the world

1. Malawi

A landlocked country in South East Africa Malawi Republic is known for its poorest status in the world economies. Malawi is one of the poorest countries in the world.  After became free from the UK on July 6, 1964, Malawi was not gained much in terms of prosperity.

Malawi economy is fully dependent on agriculture with the help of the people living in rural areas. The Malawi government is dependent on external assistance to a great extent for development.

The total area of this country is 118,000 sq km, where more than 18,091,575 people reside. Its capital is Lilongwa and the largest city is Ballantier.
The main language of this is English, but the language of the Chichewa is progressing. Tobacco is the main agricultural produce here.

Malawi

About Malawi

GDP(PPP) pre-capital $1,182
GDP per capita $331
President Arthur Peter Mutharika
Population 2016 18,091,575
Currency Kwacha

 

2.Burundi

Burundi is a country located in the Great Lake area in East Africa. Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural. The total area of this country is 27,834 sq km, where more than 10,524,117 people reside. Its capital is Bujumbura main language of this is French, but the language of the Kirundi  is progressing

 

About Burundi

GDP(PPP) pre-capital $808
GDP per capita $343
President Pierre Nkurunziza
Population 2016 10,524,117
Currency Burundian franc

 

3. central African Republic

A land situated in the Central African Republic of Central Africa is the landlocked country. the Central African Republic is among the ten poorest countries in the world. As of 2015, according to the Human Development Index (HDI), the country had the lowest level of human development, ranking 188th out of 188 countries The total area of this country is 622,984 sq km, where more than 4,422,000 people reside. Its capital is Bujumbura.The main language of this is French, but the language of the sango  is progressing

About the central African Republic

GDP(PPP) pre-capital $693
GDP per capita $401
President Faustin-Archange Touadéra
Population 2016 4,594,621
Currency Central African CFA franc (XAF)

4.Niger

officially the Republic of the Niger is a landlocked country in Western Africa named after the Niger River.Niger covers a land area of almost 1,270,000 km2, making it the largest country in West Africa.the looks of report   2015, 71.3% of Niger’s population are not Educated, one of the lowest literacy rates in the world.The total area of this country is 1,267,000 km2 where more than 20,672,987 people reside. Its capital is Niamey.The main language of this is Arabic Buduma,

About Niger

GDP(PPP) pre-capital $1,159
GDP per capita $434
President Mahamadou Issoufou
Population 2016 20,672,987
Currency West African CFA franc (XOF)

 

5. Liberia

Liberia, officially the Republic of Liberia, is a country on the west coast of Africa. It covers an area of 111,369 square kilometers (43,000 sq mi) and has a population of 4,503,000 people.The country’s capital and largest city is Monrovia.Liberia is one of the world’s poorest countries, with a formal employment rate of 15%.

About Liberia

GDP(PPP) pre-capital $915
GDP per capita $518
President Ellen Johnson Sirleaf
Population 2016 4,503,000
Currency Liberian dollar

 

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