What are the poorest countries in the world

In our world, the economy is a very important factor, being one of the elements that most influences our day-to-day lives. The economic position of a country It is vital, since states are largely analyzed for the money they have, making it difficult for a country with little wealth to participate in matters of great importance. For all this in the lesson of a TEACHER we are going to talk about the poorest countries in the world.

Index

1. Gross Domestic Product (GDP): brief description
2. Central African Republic, the poorest country in the world
3. Burundi and the Democratic Republic of the Congo
4. The other poorest countries in the world

The GDP or gross domestic product used to order the economy of different countries in a common way. Its utility is so great that it is used as a world model to study the economy of states. Its form is based on indicating the value of the coin taking into account the

GDP is "domestic" and "gross". It is internal because it is in charge of studying the economic production of the interior of a country, and it is gross because capital consumption is not discounted. GDP in general serves to calculate the economic activities of a country, serving to see the differences between various countries.

As happened in the lesson on richest countries in the worldIn this lesson we are also going to use GDP, although a GDP somewhat different from the one we used on that occasion.

Image: Slideshare

To order the states in this lesson on the world's poorest countries, we are going to use the GDP per capita, that is, the PPA. This form of measurement is based on dividing a country's production of goods and services during a year by the number of population in the middle of the year.

According to this method, the poorest country in the world is the Central African Republic, with a PPP of $ 705. It is a country with little development, with hardly any educational system or communications. Most of the country is dedicated to subsistence farming and to the exploitation of wood. The services are only public and the industry is based on the mining sector, especially diamonds.

The second poorest country in the world is Burundi. This African country has a $ 731 PPP, not being very far from the Central African Republic. Burundi's low economy is mainly due to civil wars, corruption and the effects of AIDS. Burundi bases its economy on agriculture, but having no coastline and having few economic resources means that it hardly achieves growth.

The third country the poorest is Democratic Republic of Congo, with a $ 813 PPP. That a country with so many natural resources has such a small economy is due to several factors, among which we can find the numerous conflicts that it has suffered in previous decades or the corruption since the independence of the country. Even with everything, the great amount of natural resources that it possesses seem to announce that little by little it will be able to recover economically.

After knowing the three poorest countries in the world, we must talk about the rest of the states that are part of the list of the 10 poorest countries in the world.

Malawi

This African country is the fourth poorest country in the world with a $ 1200 PPP, quite far from the three countries we have talked about. It is a country that bases almost all of its economy on agriculture, being subsistence agriculture as in most of the countries on the list.

Niger

The fifth poorest country in the world with a $ 1213 PPP. Its economy is based on agriculture and grazing, which allow the subsistence of 90% of the population. Another important part of its economy is the production of uranium, being the third world producer of this mineral.

Yemen

This bicontinental country is the sixth or seventh poorest country in the world with a $ 1274 PPP, the same as Mozambique. Yemen has a problem since most of its soil is irrigable, and its agriculture is very limited. For this reason, it is a country that lives to a large extent from oil production, being its vital economic element.

Mozambique

The sixth or seventh poorest country in the world with a PPP of $ 1,274, the same as Yemen. It is a country characterized by private monopolies and international interventionism. Its main economic source is subsistence agriculture.

Liberia

Liberia is the eighth poorest country in the world with a $ 1,395 PPP. It is a state that has had armed conflicts in recent decades, in which a large part of the economic system was destroyed. Its largest exports are iron and rubber, although the country currently exports less than before the war. Other important factors in its economy are the illegal sale of diamonds and being a drug broker between Africa and Europe.

South Sudan

This country is the ninth poorest in the world with a $ 1,420 PPP. Its economy relies heavily on oil production and foreign aid.

Sierra Leone

Sierra Leone is the 10th poorest country in the world with a $ 1608 PPP. It is a country with great mineral wealth, especially in diamonds, being its main economic source.

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