It’s a harsh reality that the ten poorest countries globally are all situated in Africa, highlighting the persistent challenges faced by these nations. The ranking, based on Gross National Income (GNI) per capita, sheds light on the economic struggles endured by these countries. Let’s take a brief look at the top ten poorest nations, according to Global Finance:
- South Sudan
The poorest among the world’s poorest, South Sudan faces deep inequality, social and political divisions, corruption, and an overreliance on international aid.
2. Burundi
Despite gaining independence in 1962, Burundi grapples with violence, endemic corruption, and security issues, leading to limited infrastructure and education.
3. Central African Republic
- This nation, ranking as the third poorest and hungriest globally, experiences severe humanitarian crises, including water shortages, sanitation issues, and high child mortality rates.
4. Somalia
- Political instability, inflation, and a challenging business environment contribute to Somalia’s economic woes, making it an unreliable option for investors and consumers.
5. Democratic Republic of Congo (DRC)
- Despite being rich in resources, the DRC faces the aftermath of Africa’s Great War, with a young population struggling with poverty, dictatorship, and constant violence.
6. Mozambique
- Despite abundant resources, Mozambique grapples with corruption, political instability, and violence, compounded by severe weather and attacks by rebel groups.
7. Niger
- Threatened by desertification, Niger battles food insecurity, disease, and recurring clashes, leaving a significant portion of its population in extreme poverty.
8. Malawi
Economic constraints, debt, and a poor business environment hinder Malawi, leading to disrupted services, power outages, and vulnerability to extreme weather events.
9. Chad
Despite having significant oil reserves, Chad struggles with widespread poverty, as government funds intended for development are diverted towards militias.
10 .Liberia
- Recovering from the impact of Ebola, Liberia faces challenges like poverty, malnutrition, lack of education, and limited access to clean water, highlighting persistent issues.
These rankings underscore the urgent need for global attention and support to address the complex issues faced by these nations.