5 Cheapest Countries in the World in 2024

3. Mozambique

Living Costs Per Capita: $379

Mozambique is a coastal African country that has a $21.9 billion economy. It has a GDP per capita of $647. Despite vast natural resources and natural biodiversity that can expand into a vibrant tourism industry, Mozambique, like its other African peers, has suffered from corruption and conflict which have hampered its economic growth.