Top 10 Most Poorest Countries in the World 2023 consists of reports from renowned magazines, the IMF, and based on GDP per capita as well the latest studies. Of the countries ranked in this list, eight of them are African countries with poor gross domestic product (GDP), though these nations also were on top ranking in previous years’ research in other lists.
However, our estimation was also based on Purchasing Power Parity (PPP) basis, even the living cost and inflation rates also were considered while constructing the account. We also considered the living standards among the different countries and learned about the poorest nation in Africa.
‘The Democratic Republic of Congo (DRC)’ is in the top place after assessing the studies including its GDP per capita over the 2009-2013 period. In 2013 studies are showing, Zimbabwe is behind a single step to the Democratic Republic of Congo with its people earning $589.25 on average, while Burundi earned $648.58 a year.
Top 10 Most Poorest Countries in the World 2023
Here we listed the top 10 poorest countries in the world in 2023.
10: Afghanistan GDP ($1,072.19)
Afghanistan is a landlocked country inwards Central Asia and South Asia has a population of around 32 million, and emerged as the 42nd most populous country all over the world. Poverty is one of the top issues in the country, while the civil war between the government and the Islamist militant organization al-Qaeda both sides are making hell in the life of the residents.
Afghanistan is also on top rankings in the Top 10 Most Corrupt Countries in the World just because of its dishonest authorities, a large number of its people like to do illegal acts to remove poverty as smuggling, drug trafficking, and other bad acts. Afghanistan has a GDP of $1,072.19 and its poor government remained failed for decades to work well for its development.
9: Madagascar (GDP $972.07)
Madagascar is an island country in the Indian Ocean, off the coast of Southeast Africa, officially known as the Republic of Madagascar and also called the Malagasy Republic in the past, is in ninth place in the Top 10 Most Poorest Countries in the World 2015 with its weaker GDP of $972.07.
The country has a population of 22.92 million (2013), while rich with nature majesty but facing poverty for years. The government of Madagascar plays a major role while investing in departments such as private enterprise, education, and health to make a well-developed Madagascar but despite all efforts, the citizens are still deprived of advantages, facilities, jobs, and a better system.
8: Malawi (GDP $893.84)
Southeast Africa’s landlocked country consists of an estimated population of 16,777,547 (July 2013), and whereas known as the least-developed nation among the other poorest countries. Malawi’s economy is based on agriculture but the ratio of corruption in the land has been rising rapidly day by day, hence the IMF has stopped its aid disbursements to Malawi.
The highest level of corruption is one of the biggest reasons in way of the success of Malawi, which has a GDP of $893.84. However, the Malawian government is trying to convince its foreign donors to pursue amounts to work in projects such as environmental protection, the education system, and other development-related projects.
7: Niger (GDP $853.43)
Niger is constantly one of the lowest-ranked in the United Nations Human Development Index (HDI), officially the Republic of Niger has a GDP of $853.43. According to the 2012 census, Niger based on its population of 17,138,707, has high fertility rates tempted overpopulation and authorities show irresponsible behavior to overcome some problems such as poor health care, poverty, poor education, lack of infrastructure, and environmental degradation.
Niger is in seventh rank in the Top 10 Most Corrupt Countries in the World, while the economy of the nation is based on export agriculture and the export of raw materials as well uranium ore.
6: Central African Republic (GDP $827.93)
Central African Republic is rich with natural treasures such as significant mineral deposits and other resources like crude oil, gold, uranium reserves, diamonds, cobalt, lumber, hydropower, and others, despite that the nation is among the world’s poorest countries all around the world.
After signing a peace treaty in 2007 including one more in 2011, the fight remained active among government, Muslim, and Christian groups in December 2012 and a little bit till now. Bad governance is a massive reason for its least development and comes on top with its GDP of $827.93.
5: Eritrea (GDP $792.13)
Officially known as the State of Eritrea, is in fifth position in the Top 10 Most Corrupt Countries in the World with a not impressive GDP rate of $792.13. Eritrea is a nation in the Horn of Africa, based on its population of 6,380,803 (2014 estimate).
An interesting rise was seen in the gross domestic product (GDP) of Eritrea in October 2012 of 7.5 percent over 2011. Nevertheless, the commencement of full operations in the production of cement from the cement industrial unit in Massawa, the gold and silver Bisha mine, made it possible to make better its financial status also gross domestic product (GDP) rate.
4: Liberia (GDP $716.04)
Liberia is a country on the West African coast, officially known as the Republic of Liberia, which emerged fourth poorest nation among the others, according to a 2015 study, and has a population of 4,503,000. Liberia suffered longstanding political tensions from the 27-year William Tubman regime that tempted a military uprising in 1980 which overthrew soon after his death.
Since then, the political condition in the country couldn’t stand well, with gross domestic product (GDP) standing at $716.04. The Ebola virus epidemic came out as huge tension in the nation in 2010, while with a formal employment rate of 15%, Liberia is also among the unstable nations.
3: Burundi (GDP $648.58)
Burundi is landlocked in the African Great Lakes region of East Africa and is in third rank in the Top 10 Most Corrupt Countries in the World because of its most corrupted condition as well as gross domestic product (GDP) value of $648.58.
Burundi’s economy based on coffee and tea production as well as other agricultural projects, considers one of the poorest states globally with its lack of economic freedom, the proliferation of HIV/AIDS, poor legal system, and lack of access to education. If the latest surveys are to be believed 80% population of the country lives in poverty.
The World Food Program’s research shows that 56.8% of children under age five are suffering from chronic malnutrition.
2: Zimbabwe (GDP $589.46)
Zimbabwe located between the Zambezi and Limpopo Rivers, is also among the poorest countries on top places with its GPD score of $589.46. Southern African landlocked nation commonly known as the Republic of Zimbabwe, based on a population of 12,973,808 Mineral exports, gold, agriculture, and tourism industry are Zimbabwe’s economic keys.
The country with some of the world’s largest platinum reserves has crucial respect and is also rich in diamond fields which were discovered in 2006. A corrupted system is also a leading issue in the country which makes its economy so weaker.
1: Democratic Republic of the Congo (GDP $394.25)
The Democratic Republic of the Congo has emerged as the most populated formally Francophone country with a population of more than 75 million as well as the nineteenth most populated country in the world and the fourth most populated nation in Africa. The Democratic Republic of the Congo falls among most poorest countries in the world.
Because of its corrupt system, the Democratic Republic of the Congo is ruling on top rank in the Top 10 Most Corrupt Countries in the World, while having a gross domestic product (GDP) score of $394.25. Despite being the richest country in the world with natural resources such as untapped deposits of raw minerals, cobalt, coltan, diamond reserves, and copper, its people still suffer poverty in the country.