The poorest countries in the world are dominated by countries on the African continent. The poorest countries in the world suffer from very limited natural and human resources.
In addition, there are civil wars, ethnic strife and prolonged natural disasters that have a negative impact on the economies of these countries. Now they are suffering more and more with the emergence of the Covid-19 disease pandemic, which of course makes the situation even worse.
Reported by Storymaps, Tuesday (12/28/2021), the poverty level is determined by calculating the number of people living below the poverty line. The Organization for Economic Co-operation and Development (OECD) provides the figures used in this map of the poorest countries.
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According to the OECD, the poverty line is “defined as half of the total household income over the population median”. Based on the 2021 Poverty Rate By Country, here are the 7 poorest countries in the world:
List of Poorest Countries in the World, Most of the African Continent
Sudan is the poorest country in the world with a poverty rate of 82.3% in 2021. As a result of the civil war, they have a very weak and underdeveloped economy, which is the main reason why this country has such a large poverty rate.
The second poorest country with a poverty rate of 76.8%. The reason why they are so poor is due to political corruption and not properly distributing income, which negatively alters their chances of success.
The third poorest country is Madagascar with a poverty rate of 70.70%. As the economy stalls and the lack of available education and health care has pushed them further into poverty.
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Guinea-Bissau is the fourth poorest country in the world with a poverty rate of 69.30%. Since 1974, Guinea-Bissau has experienced political instability, lack of development and high poverty rates. Their rate of chronic malnutrition was 25%.
Eritrea is the fifth poorest country in the world with a poverty rate of 69.00%. High poverty rates due to drought, famine and repeated conflicts.
Sao Tome and Principe
Sao Tome and Principe is the 6th poorest country in the world with a poverty rate of 66.70%. The main causes of poverty are dependence on foreign aid, poor economic growth and natural disasters.
The seventh poorest country in the world is Burundi with a poverty rate of 64.90%. The main cause of poverty in this country is the civil war that lasted until 2005. Another main reason is the drastic increase in food prices along with the increase in population.