10 Countries with the Worst Economies in the World in 2023

In this article, we will talk about the 10 countries with the worst economies in the world in 2023. We have also looked at the current trends contributing to slow economic growth in those countries and discussed the companies aiming to alleviate poverty in another article. If you are interested in reading about that along with a more extensive list, head straight to 25 Countries with the Worst Economies in the World in 2023.

10. Burkina Faso

GDP growth rate: 1.5%

Ever since the COVID-19 pandemic hit the economy in 2020, the country’s growth, which was once driven by the production of gold and cotton, has been severely impacted due to security concerns and the political situation. In 2021, over 17% of Burkina Faso’s GDP constituted the agricultural sector. Additionally, the country has a poverty rate of 30.5%.