In this article, we shall discuss the 10 poorest countries based on GDP per capita (2023 PPP). To skip our detailed analysis of global poverty and the efforts underway to alleviate poverty rates and meet the climate challenges, go directly and see 50 Poorest Countries Based on GDP Per Capita (2023 PPP).
10. Liberia
GDP per Capita (PPP): $1,788.02
More than 50% of Liberians tend to live below the poverty line as the country recovered from a 14-year long civil war which ended in 2003.
9. Chad
GDP per Capita (PPP): $1,787.00
Owing to years of mismanagement, corruption, conflict, and tough climate variability, Chad is one of the poorest countries in the world based on GDP per capita.
8. Malawi
GDP per Capita (PPP): $1,682.15
Since the country’s economy is heavily reliant on agriculture, it is increasingly vulnerable to external shocks, particularly climate variability.
7. Niger
GDP per Capita (PPP): $1,600.47
Despite being one of the largest suppliers of uranium in the world, Niger is one of the world’s poorest countries where 41% of the population lives below the poverty line.
6. Mozambique
GDP per Capita (PPP): $1,556.27
Poverty rates in Mozambique have skyrocketed in recent years owing to crises generated by depleting forex reserves, natural disasters, and continuous military threat.
5. Democratic Republic of the Congo
GDP per Capita (PPP): $1474.25
Despite its vast mineral wealth, the Democratic Republic of Congo faces an uphill challenge in socio-economic development due to rising poverty levels.
4. Somalia
GDP per Capita (PPP): $1373.98
Poverty in the country is deeply rooted in years of civil conflict, economic mismanagement, limited resources, and an active central government.
3. Central African Republic
GDP per Capita (PPP): $1126.76
Having the fifth highest poverty rates in the world, nearly 70% of the population of the Central African Republic lives below the poverty line.
2. Burundi
GDP per Capita (PPP): $891.426
Approximately 85% of Burundi’s population is employed in the small-scale subsistence farming sector. Thus, a major portion of the poverty rate stems from the lack of land, lack of cattle, and high levels of floods and droughts.
1. South Sudan
GDP per Capita (PPP): $515.749
Continuous conflict in South Sudan has depleted harvests, which has led to a glaring food crisis in the country. In many instances, this has translated to poaching and cattle theft, which further exacerbates conflict.
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