According to the latest report released by the World Bank; there are more than 1 billion people all around the World who are living in extreme poverty. Even 12.8 percent of the people survive on only Rs. 125/- per day! Although the World Bank has estimated that this figure of 12.8 percent will go down to 9.6 percent this year. But poverty is still a major concern in some countries of the World. Here is a list of the 7 poorest countries of the World:
Democratic Republic of Congo tops the list of the poorest countries of the World. It has the lowest GDP per capita as compared to the other countries of the World. The civil war and the continuing problem of human rights are the major reason of its extreme poverty.
Living in the fragile state; Liberia has still not recovered from the effects of the 14-year long civil war that ended in 2003. More than 80% of the people in Liberia survive on a mere 1.25 USD or less per day. The country has been classified as a low-income and food deficit country by the United Nations’ Food and Agriculture Organization.
Conflicts, violence and troubles are the only thing for which Burundi is known for! These things have contributed a lot in making the country poorer and poorer. Out of the 177 countries; Burundi was ranked at 167th place in the 2007 UN Human Development Index. Also, seven out of the ten Burundians live below the poverty line.
The youngest independent country; Eritrea is an agriculture based country. With more than 60% population relying on agriculture for food and income; Eritrea has an annual per capita income of 150 USD.
With 76% Nigerians living on less than 2 USD per day; Nigeria is one of the World’s least developed country. Also with a population of more than 17 million and annual growth rate of 3.3 percent; the country was ranked at the 186th place in the 2013 Human Development Index.
Since the Soviet invasion, Afghanistan remained the center of conflicts which have continued for over 30 years. This has indeed hindered the country’s development. With 42 percent Afghanis living below the national poverty line and 20 percent living just above; the country is highly vulnerable and comes in the list of the poorest countries of the World.
Like the other backward and underdeveloped African countries; Zimbabwe also faces the problem of poverty. In this country, poverty is more common in rural areas. More than 60 percent of the country’s poor population lives in rural areas.
There are many other Countries of the World which are also facing the problem of poverty. However, the World Bank along with other organizations is making plans with the goal of eradicating the poverty by 2030.