The Poorest Countries In The World 2024

The Poorest Countries In The World 2024
The Poorest Countries In The World 2024

Over 900 million people are predicted to live on less than $1.90 per day, the World Bank’s extreme poverty level. While this is an improvement over previous years, it still represents more than 9% of the global population. Moreover, poverty of this nature tends to be concentrated in places with relatively low incomes.

In the Poorest Countries In The World in 2023, the sum of money earned by a country’s population and enterprises in a given year is known as gross national income (GNI).

Income earned by corporations or individuals based in a specific country operating outside its borders is included. GNI is a valuable metric for determining a country’s income—it aids in deciding which countries are the wealthiest and poorest in the world.

University Magazine reviewed statistics on gross national income per capita for 193 countries and particular regions and data from the World Bank to determine the world’s poorest countries.

 

The Poorest Countries In The World 2023

 

Burundi

Burundi
Burundi flag

Burundi is the poorest country in the world, with a GDP per capita of only $261. With a population of around 12 million, the country faces various economic challenges, including political instability, poor infrastructure, and limited access to education and healthcare.

 

South Sudan

South Sudan
South Sudan

South Sudan, the world’s youngest country, has a GDP per capita of $346. The government has been plagued by years of civil war, leading to widespread poverty, hunger, and disease.

 

Malawi

Malawi
Malawi

Malawi, with a GDP per capita of $455, is the third-poorest country in the world. The government relies heavily on agriculture, which employs more than 80% of the population. Malawi faces various economic challenges, including poor infrastructure and limited access to education and healthcare.

 

Central African Republic

Central African Republic
CFR

The Central African Republic has a GDP per capita of $484, making it the fourth-poorest country in the world. Political instability, civil unrest, and economic challenges have plagued the government, leading to widespread poverty and hunger.

 

Niger

Niger
Niger Flag

Niger, with a GDP per capita of $502, is the fifth-poorest country in the world. The country faces various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Mozambique

Mozambique
Mozambique

Mozambique, with a GDP per capita of $532, is the sixth-poorest country in the world. The country faces various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Liberia

Liberia
Liberia Flag

Liberia, with a GDP per capita of $549, is the seventh-poorest country in the world. The country faces various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Madagascar

Madagascar
Madagascar

Madagascar, with a GDP per capita of $577, is the eighth-poorest country in the world. The country faces various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Guinea

Guinea Flag
Guinea

Guinea, with a GDP per capita of $602, is the ninth-poorest country in the world. The country faces various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Eritrea

Eritrea President
Eritrea

Eritrea, with a GDP per capita of $623, is the tenth-poorest country in the world. The government has faced years of political turmoil, significantly impacting its economy.

 

Burkina Faso

Burkina Faso
Burkina Faso

Burkina Faso, with a GDP per capita of $631, is the eleventh-poorest country in the world. The country faces various economic challenges, including limited access to education and healthcare and poor infrastructure.

 

Sierra Leone

Sierra Leone, with a GDP per capita of $634, is the twelfth-poorest country in the world. The government has faced years of political instability, civil war, and Ebola outbreaks, which have significantly impacted its economy.

 

Afghanistan

Afghanistan
Afghanistan

Afghanistan, with a GDP per capita of $649, is the thirteenth-poorest country in the world. Decades of war and political instability have plagued the government, leading to widespread poverty and economic challenges.

 

Togo

Togo, with a GDP per capita of $665, is the fourteenth-poorest country in the world. The country faces various economic challenges, including limited access to education and healthcare and poor infrastructure.

 

Yemen

Yemen
Yemen

With a GDP per capita of $669, Yemen is the fifteenth-poorest country in the world. The government has been plagued by years of civil war, leading to widespread poverty, hunger, and disease.

 

Ethiopia

Ethiopia
Ethiopia

Ethiopia, with a GDP per capita of $704, is the sixteenth-poorest country in the world. The country faces various economic challenges, including limited access to education and healthcare and poor infrastructure.

 

Gambia

Gambia
Gambia Flag

Gambia, with a GDP per capita of $737, is the seventeenth-poorest country in the world. The country faces various economic challenges, including limited access to education and healthcare and poor infrastructure.

 

Congo, DRC

The Democratic Republic of the Congo
The Democratic Republic of the Congo flag

The Democratic Republic of Congo has a GDP per capita of $743, making it the eighteenth-poorest country in the world. The government has faced years of political instability, conflict, and economic challenges, which have led to widespread poverty and hunger.

 

Zimbabwe

Zimbabwe
Zimbabwe

With a GDP per capita of $772, Zimbabwe is the nineteenth-poorest country in the world. The government has faced years of political and economic turmoil, which has significantly impacted its economy.

 

Haiti

Haiti
Haiti

Haiti, with a GDP per capita of $781, is the twentieth-poorest country in the world. The government has faced various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Rwanda

Rwanda
Rwanda

With a GDP per capita of $802, Rwanda is the twenty-first-poorest country in the world. The government has made significant progress in recent years but still faces various economic challenges, including limited access to education and healthcare and poor infrastructure.

 

Guinea-Bissau

Guinea-Bissau, with a GDP per capita of $811, is the twenty-second-poorest country in the world. The country faces various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Comoros

Comoros, with a GDP per capita of $814, is the twenty-third-poorest country in the world. The country faces various economic challenges, including limited access to education and healthcare and poor infrastructure.

 

Chad

Chad
Chad

With a GDP per capita of $839, Chad is the twenty-fourth-poorest country in the world. The country faces various economic challenges, including political instability, limited access to education and healthcare, and poor infrastructure.

 

Nepal

Kathmandu, Nepal
Nepal

With a GDP per capita of $862, Nepal is the twenty-fifth-poorest country globally. The country faces various economic challenges, including limited education, healthcare, and access to resources.

 

 

The Methodology

To determine the 25 poorest countries in the world, we have used data from the International Monetary Fund’s World Economic Outlook Database. This data includes the gross domestic product (GDP) per capita, adjusted for each country’s purchasing power parity (PPP). The rankings are based on the latest available data as of 2024.

 

The Poorest Countries 2024

  1. Burundi
  2. South Sudan
  3. Malawi
  4. Central African Republic
  5. Niger
  6. Mozambique
  7. Liberia
  8. Madagascar
  9. Guinea
  10. Eritrea
  11. Burkina Faso
  12. Sierra Leone
  13. Afghanistan
  14. Togo
  15. Yemen
  16. Ethiopia
  17. Gambia
  18. Congo, Democratic Republic of the
  19. Zimbabwe
  20. Haiti
  21. Rwanda
  22. Guinea-Bissau
  23. Comoros
  24. Chad
  25. Nepal