The 5 Poorest Countries in the World(2023 updated)

Being born in a poor family and country are not so happy, fortunately those developed countries, are trying to change the misfortune of poor countries.

How do you determine if a country is poor?

Determining whether a country is poor or not can be done in various ways. The most commonly used method is to measure the country’s economic well-being, which is usually done by assessing its Gross Domestic Product (GDP) per capita. The GDP per capita is the total value of goods and services produced within a country divided by the population. This measure gives an indication of the average income level of people within that country [1].

Another measure used to determine whether a country is poor or not is the poverty line. The poverty line is a threshold income level below which individuals or households are considered to be living in poverty. This measure takes into account the cost of basic needs such as food, shelter, and clothing [2].

Other factors that are considered when determining whether a country is poor or not include the level of social inequality, access to education and healthcare, unemployment rates, and the prevalence of natural disasters, conflict, and political instability.

It is important to note that poverty is a complex issue, and no single measure can fully capture its complexity. Therefore, a combination of measures is often used to determine a country’s poverty level, and multiple factors are considered in determining whether a country is poor or not.

The 5 Poorest Countries in the World

Poverty is one of the most pressing issues in the world today. Despite significant strides in economic development and technological advancement, many countries continue to struggle with extreme poverty. The World Bank defines extreme poverty as living on less than $1.90 a day. In this blog post, we will take a closer look at the five poorest countries in the world.

1. Burundi Burundi is a small country located in East Africa, with a population of approximately 11 million people. The country has been ravaged by civil war and political instability, which has severely impacted its economic development. According to the World Bank, more than 65% of the population lives below the poverty line. The country’s GDP per capita is just $261, making it the poorest country in the world [3].
2. South Sudan South Sudan is the world’s youngest country, having gained independence from Sudan in 2011. However, the country has been plagued by conflict and political instability since then, which has had a severe impact on its economic development. Approximately 82% of the population lives below the poverty line, and the country’s GDP per capita is just $303 [4].
3. Malawi Malawi is a landlocked country located in Southeast Africa, with a population of approximately 19 million people. The country is one of the least developed in the world, with more than 50% of the population living below the poverty line. The country’s GDP per capita is just $416, making it one of the poorest countries in the world [5].
4. Central African Republic The Central African Republic is a landlocked country located in Central Africa, with a population of approximately 4.7 million people. The country has been plagued by conflict and political instability for many years, which has severely impacted its economic development. Approximately 71% of the population lives below the poverty line, and the country’s GDP per capita is just $422.
5. Niger Niger is a landlocked country located in West Africa, with a population of approximately 24 million people. The country is one of the poorest in the world, with more than 40% of the population living below the poverty line. The country’s GDP per capita is just $531, making it one of the poorest countries in the world.

In conclusion, poverty is a significant problem in many countries, and the five countries listed above are among the poorest in the world. While economic development is essential to reducing poverty, political stability, and peace are also critical factors. These countries need urgent attention and support from the international community to lift their citizens out of extreme poverty and ensure a better future for generations to come.

What would I have done if I had been born in a poor country?

If you had been born in a poor country, your opportunities and options would have been limited compared to someone born in a more affluent country. However, it’s important to note that being born in a poor country does not mean that you cannot achieve success or live a fulfilling life.

Here are some things you could have done if you had been born in a poor country:

1. Focus on education: Education is one of the most important tools for escaping poverty. Even if you don’t have access to formal education, you can still learn by reading books, taking online courses, and seeking out mentors.
2. Look for opportunities: Opportunities may be scarce in poor countries, but they do exist. Look for jobs or start your own business. Consider volunteering or internships that can help you gain experience and build your network.
3. Network: Networking is crucial for success in any field. Attend events and conferences, join social clubs or organizations, and connect with people who share your interests.
4. Save money: Even if you don’t earn much, it’s important to save what you can. Saving money can help you weather financial emergencies and invest in your future.
5. Seek support: Don’t be afraid to ask for help. Seek out mentors or advisors who can provide guidance and support.
6. Give back: Helping others can be a rewarding experience and can also help build your network. Consider volunteering your time or resources to help others in your community.

Remember that everyone’s situation is different, and there is no one-size-fits-all approach to overcoming poverty. However, with hard work, determination, and a bit of creativity, it’s possible to achieve success and live a fulfilling life, even in the face of significant challenges.