TOP 10 poorest countries in Africa

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Top 10 Poorest African Countries- 2013 List
Rank
Name of Country
Per Capita Income
1
Congo
$364.48
2
Liberia
$490.41
3
Zimbabwe
$516.47
4
Burundi
$639.51
5
Eritrea
$776.98
6
Central African Republic
$789.21
7
Niger
$863.46
8
Malawi
$882.67
9
Togo
$926.67
10
Madagascar
$948.86
Source: Global Finance Magazine.
#1) Democratic Republic of Congo – The
Poorest Country in the World
GDP (PPP) per Capita: $364.48
Capital: Kinshasa
the poorest country in the world - congo
Lying in the center of Africa, citizens of
Democratic Republic of Congo are the poorest in
the world. Its GDP is around $15 Billion and when
compared to its 67 million inhabitants, its per
capita income is the lowest in the world.
Economy of this poorest country depends mainly
on agriculture. Agriculture contributes nearly 65%
to its output and employs more than half of labor
force. According to some estimates, this world’s
poorest country has some of the largest deposits
of minerals which amount to $24 trillions. Second
Congo War since 1998 has devastated the
country and has hampered its growth.
#2) Liberia – Second Poorest Country on
Earth
GDP (PPP) per Capita: $490.41
Capital: Monrovia
liberian flag
With a population around 4 million, Liberia is one
of the few countries in Africa where English is
official language. It is the world’s second poorest
country in 2013 with its GDP around $2 billion.
Very small GDP when compared to its
population, make Liberia one of the poorest
countries. This African nation has been plagued
with civil wars which has destroyed its
infrastructure. It relies on Forests products,
minerals and agriculture for revenues.
#3) Zimbabwe
GDP (PPP) per Capita: $516.47
Capital: Harare
zimbabwe city of harare
High population and a very low GDP make
Zimbabwe the third poorest country not only in
Africa but also in the world. This poor African
country was once affected by hyper-inflation due
to its faulty economic policies. Located in
Southern Africa, its involvement in Congo Wars
drained million dollars of government’s money.
#4) Burundi – One of the World’s Poorest
Countries
GDP (PPP) per Capita: $639.51
Capital: Bujumbura
Burundi poor people - one of the poorest in the
world
Another poor country, Burundi is a landlocked
country located in the African continent. It is
fourth poorest country in the world. Its economy
is heavily dependent on agriculture and tea-coffee
exports contribute to its small wealth. This
poverty-stricken nation is home to significant
deposits of Cobalt and Copper.
#5) Eritrea
GDP (PPP) per Capita: $776.98
Capital: Asmara
Eritrean people - another poorest country
Sharing its borders with Sudan and Ethiopia,
Eritrea is an agricultural country. Majority of its
population do farming related activities. This
world’s poor country has poor transport network
along with short supply of electricity. It shares its
sea borders with Saudi Arabia and Yemen.
#6) Central African Republic
GDP (PPP) per Capita: $789.21
Capital: Bangui
central african republic worlds poorest country
Central African Republic (CAR) is another
moneyless nation on Earth. It occupies the sixth
spot on the list of top 10 poorest countries. Like
other poor African countries, agriculture is the
backbone of this country’s economy. It relies on
foreign aid from international community
especially from France. In the year 2012, the
World Bank issued $125 million for development
of transport network and regional trade.
#7) Niger
GDP (PPP) per Capita: $863.46
Capital: Niamey
niger houses of people
Lying seventh on list of poorest countries is
Niger. It’s per capita income is marginally greater
than Malawi. It lies in the continent of Africa. It is
plagued with problems of poor sanitation and
shortage of basic amenities. In contrast to its
poverty, this nation is home to some of the
largest deposits of Uranium in the world.
According to CIA, agriculture provides livelihood
to about 90% of its citizens.
#8) Malawi – One of the World’s Poorest
Country
GDP (PPP) per Capita: $882.67
Capital: Lilongwe
A small country, Malawi has a small land area and
comparatively big population. It is a landlocked
country and highly densely populated. It is eight
poorest nation on Earth. It has a high poverty
rate, poor education rates, a weak legal system, a
poor transportation network, overburdened
utilities, and low administrative capacity.
#9) Togo
GDP (PPP) per Capita: $926.67
Capital: Lome
city in togo
Lying in Western Africa, Togo is officially known
as Togolese Republic. It has a favorable climate
for agriculture which supports majority of its
inhabitants. It relies on foreign aid from other
countries and World Bank. On the list of to 10
World’s Poorest Countries, it ranks ninth.
#10) Madagascar – Tenth Poorest Nation
GDP (PPP) per Capita: $948.86
Capital: Antananarivo
developed areas of Madgascar
Lying in the Indian Ocean is the country of
Madagascar. It is located near the South Easter
African coast and it is an island. A poor country, it
has a very low standard of leaving. Leaving the
path of Socialism, it followed the guidelines of
World Bank and International Monetary Fund
(IMF).in making itself a privatized and liberalized
country. Since then, it has recorded a slow
economic growth.
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