Poverty is a pervasive issue that affects millions of people around the world. According to the World Bank, poverty is defined as living on less than $1.90 per day. While progress has been made in recent decades to reduce global poverty rates, there are still many countries where a large percentage of the population lives in extreme poverty.
In this article, we will be taking a look at the 20 poorest countries in the world. To skip our detailed analysis, you can go directly to see the 10 poorest countries in the world.
You might think that with the resources the world boasts right now, it is simply the proper usage of such resources which is why the success or failure of each country is based on its own performance and mistakes. Racists believe the truth to be even simpler; since most of the poorest countries in the world are located in Africa, these people believe that people who aren’t white are simply inferior in every way, also pointing to most of the developed countries in the world having a population which is majority white.
Of course, the truth is anything but the above. There are several major reasons which impact the success of a country. Before we talk about the present, let’s first go to the past. European nations colonized most of the world centuries ago, with many countries only declaring independence in the last century. Let’s consider India for example. According to a 2014 study, India was quite well off five centuries ago, before the British entered the country. While the British started trading in India much earlier, they became the dominant power in the country in 1757, after which it ruled the subcontinent for two centuries, in which wealth was plundered from India at a massive scale, while millions in the country were left destitute. Even though the British left India after dividing it into India and Pakistan in 1947, both countries still have a lot of catch up to do. While they may not be among the poorest countries in the world, and India’s GDP may be competing with the biggest nations, poverty is still a huge issue with hundreds of millions living below the poverty line in the country due to inequality of resource distribution, with the country also being home to one of the wealthiest families in the world.
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20 Poorest Countries in the World Based on GNI Per Capita.
Here are the top 20 poorest countries in the world, based on gross national income (GNI) per capita:
20. Ethiopia – GNI per capita: $700
Ethiopia is a country located in the Horn of Africa, bordered by Eritrea to the north, Djibouti to the northeast, Somalia to the east, Kenya to the south, South Sudan to the west, and Sudan to the northwest. It is a large country, with a total area of about 1.1 million square kilometers, making it the 27th largest country in the world.
Ethiopia has a gross national income (GNI) per capita of about $700, which is relatively low compared to many other countries. The country has a diverse economy, with a mix of agriculture, manufacturing, and services. Agriculture is the main contributor to Ethiopia’s economy, with coffee being the main export. Other important crops include cereals, oilseeds, and pulses. In recent years, the government has been working to diversify the economy and promote industrialization, with a focus on textiles, leather, and other manufacturing sectors. Despite its economic growth, Ethiopia remains one of the poorest countries in Africa, with a high rate of poverty and inequality.