Global Finance Magazine - Poorest Countries in the World 2022 (2023)

The world's poorest countriessuffered from civil wars, ethnic and sectarianstrife and then COVID-19 came along making bad situations worse.

Author: Luca Ventura

The world has enough wealth and resources to ensure that the entire human race enjoys a basic standard of living. Yet people in countries like Burundi, South Sudan and the Central African Republic—the three poorest in the world—continue to live in desperate poverty. For other likely contenders for the undesirable title of poorest of the poor—like Afghanistan, Syria and Lebanon—years of military, social, political turmoil make it impossible to attempt any assessment due to the lack of reliable economic figures.

But how do we measure how poor or wealthy a given nation is compared to another? While GDP per capita is often considered the standard metric, by compensating for differences in living costs and rates of inflation the purchasing power parity (PPP) can better assess an individual’s buying power in any given country.

It is hard to pinpoint a single cause of long-term poverty. Dictatorial and corrupt governments can make what could be a very rich nation into a poor one. And so does a history of exploitative colonization, weak rule of law, war and social unrest, severe climate conditions or hostile, aggressive neighbors. Hence why economists often refer to “cycles” of poverty. For example, a country in debt will not be able to afford good schools, and a poorly educated workforce will be less capable of fixing problems and creating conditions that will attract foreign investment.

Underprivileged households worldwide, it goes without saying, suffered the worst social and economic consequences of the coronavirus pandemic. In countries with high shares of informal employment, lockdowns fueled joblessness and abrupt loss of income for many of those workers. Health costs associated with the virus pushed or sent further into poverty hundreds of millions across all regions. The pandemic also exacerbated preexisting gender occupational differences, driving many women deeper into poverty. And as we already indicated, lockdowns and school closures are expected to cast a long shadow on millions of children’s future prospects too, with the World Bank forecasting that in low and middle-income countries the current generation of students will suffer a loss in lifetime earning of $17 trillion.

Before Covid-19, the fraction of the world’s population living in extreme poverty, meaning on less than $1.90 a day, had fallen below 10% from more than 35% in 1990. The pandemic not only halted but reversed that progress: by the end of 2021, the IMF has estimated, an additional 150 million people are likely to have entered the ranks of the extreme poor.

Then, the war in Ukraine came to make things worse, triggering sharply higher prices for staples and wide supply shortages, hurting especially poor households globally. “This crisis unfolds while the global economy was on a mending path but had not yet fully recovered from the COVID-19 pandemic, with a significant divergence between the economic recoveries of advanced economies and emerging market and developing ones,” IMF's chief economist and director of research, Pierre-Olivier Gourinchas, wrote in the foreword to last April’s Economic Outlook report.

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Possibly the worst-case scenario materialized. Just three months later, in an update to the previous report where global growth was downgraded and inflation forecasts revised up, the IMF warned that the food crisis had worsened drastically: “Low-income countries, where food represents a larger share of consumption, are feeling the impact of this inflation most keenly. Countries with diets tilted toward commodities with the largest price gains (especially wheat and corn), those more dependent on food imports, and those with a large pass-through from global to local staple food prices are most distressed. Low-income countries whose people were already experiencing acute malnutrition and excess mortality before the war, especially in sub-Saharan Africa, have suffered a particularly severe impact.” Meanwhile, the IMF's sister institution, the World Bank, has estimated that for each one percentage point increase in food prices, 10 million more people will fall into extreme poverty worldwide.

These reversals of gain in poverty reduction are especially visible in the world's 10 poorest countries, and all of them, as suggested by the IMF, are found in Africa. In these countries, on average, the individual share of the gross domestic output is roughly $1,350. By contrast, in the top 10 richest nations this figure is close to $100,000.

Three of the countries in our list are in or part of the Sahel region, where persistent and widespread droughts cause food shortages and associated medical and social problems. Five of them are landlocked, putting them at a considerable disadvantage relative to those with access to maritime trade when it comes to both importing and exporting goods. All have experienced political instability, disputed elections, and ethnic or religious strife.

THE 10 POOREST COUNTRIESIN THE WORLD

10. Madagascar

Global Finance Magazine - Poorest Countries in the World 2022 (1)
Current International Dollars: 1,778| Click To View

Located 400 kilometers off the coast of East Africa, Madagascar is the fourth largest island in the world. Known for its astonishing wildlife, the flourishing tourism industry has not been able to lift the country out of poverty. The majority of the population is still dependent upon agriculture for their livelihoods, leaving the country’s economy especially vulnerable to weather-related disasters. Since becoming independent from France in 1960, Madagascar has experienced bouts of political instability, violent coups and disputed elections.

Yet, in recent years, Madagascar finally seemed on an upward trajectory. President Andry Rajoelina and his predecessor (and archrival) Hery Rajaonarimampianina had made poverty reduction and infrastructure development major priorities. Growth was increasing steadily, structural reforms were underway and foreign investors coming back.

But they were just that—promises, mostly. Rajoelina, his critics say, has proved to be corrupt and ineffective (although he recently sacked all his ministers blaming them for the very same reasons). The pandemic triggered a sharp recession, hitting especially hard the population employed in tourism and in the manufacturing sector (Rajoelina top strategy to fight Covid was peddling a locally produced herbal beverage). What is worse, the outbreak also depleted the availability of fiscal resources for priority investments and social programs.

Madagascar could not escape the worst consequences of a war taking place over 7,000 kilometers away either. The collapse in grain deliveries from Ukraine and Russia has sent food prices skyrocketing, increasing the risk of famine in a country that already has one of the highest rates of childhood malnourishment and stunting in the world.

9. Chad

Global Finance Magazine - Poorest Countries in the World 2022 (2)
Current International Dollars: 1,705| Click To View

Chad is the tenth-largest oil reserve holder among African nations—it is also among the ten poorest. The landlocked Sahelian country, once an agrarian economy, became an oil producer in 2003, but the sudden windfall brought wealth to a few and misery to many.

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At the time, the government introduced a law earmarking 80% of royalties and 85% of dividends from oil production for poverty relief. These sums were supposed to finance communities, infrastructure, health and education, but autocratic president Idriss Deby—who had seized power in a military coup in 1990—immediately moved to gain more control over those capitals. Just three years later, the law requiring to consult with churches, trade unions and non-profit organizations on how to allocate the money was repealed.

In the years that followed, most of the funds were then used by Deby to stay in power by fighting rebels in the east and north of the country and cracking down on political opponents and any form of dissent. When Deby was killed last year while visiting troops fighting an armed uprising, a military council headed by his son, Mahamat Idriss, took control of the country. The constitution was suspended shortly thereafter, and both government and parliament were dissolved, with the military vowing to hold a "free and democratic" election after 18 months—a so-called transition period can be renewed once.

So far, the council has shown very little desire to organize such an election. In the meantime, more than sixty years after winning its independence from France and two decades after becoming an oil-producing nation, Chad still ranks near the bottom of the United Nations’ Human Development Index. The country’s coffers should get a boost from the rise in oil prices, but what good is that for when the median life expectancy at birth, 54, remains one of the lowest in the world?

8. Malawi

Global Finance Magazine - Poorest Countries in the World 2022 (3)
Current International Dollars: 1,603| Click To View

One of Africa’s smallest nations, in recent years Malawi has made strides in improving economic growth and implementing crucial structural reforms. Nevertheless, poverty is still widespread, and the nation’s economy—largely dependent upon rain-fed crops—remains vulnerable to weather-related shocks. As a result, while living standards in urban areas are broadly improving, food insecurity in rural parts is extremely high.

Malawi is a generally peaceful country that has had stable governments since gaining independence from Britain in 1964. However, disputed poll results are far from being an anomaly. In 2020, the country's constitutional court annulled former president Peter Mutharika's poll win in the previous year’s general elections citing vote tampering. Theologian and politician Lazarus Chakwera, who was sworn in his place, declared that he wanted to provide the kind of leadership "that makes everybody prosper." The pandemic put that plan on hold: in 2020, the country’s GDP dropped to 0.9% from 5.4% a year earlier, and it recovered only modestly since then. Year-on-year inflation, in the meantime, has risen to about 20%.

7. Mozambique

Global Finance Magazine - Poorest Countries in the World 2022 (4)
Current International Dollars: 1,439| Click To View

The former Portuguese colony has plenty of arable land and water, and ample energy and mineral resources. Mozambique is also strategically located, as four of the six countries it borders are landlocked and depend on it as a conduit to global trade, and over the past decade has often posted average GDP growth rates of more than 7%. Yet, it remains among the top 10 poorest countries in the world, with large sectors of the population continuing to live well below the poverty line. While a 15-year long civil war ended in 1992, severe climate conditions, corruption and political instability never went away. To make things worse, since 2017 attacks carried out by Islamic insurgent groups have plagued the gas-rich northern part of the country—up to 4,000 people were killed and another 800,000 displaced.

When, in the summer of 2020, French company Total S.A. secured $15.8 billion in funding for a liquified natural gas facility in the region—the biggest foreign direct investment in Africa ever—many hoped the project would mark the start of a new beginning. However, in April 2021—after repeated setbacks due to the escalation of violent attacks in the area—the company announced that it would suspend its operations indefinitely, depriving the country of much-needed income.Since then, the attacks only intensified and have spread to other areas.

6. Niger

Global Finance Magazine - Poorest Countries in the World 2022 (5)
Current International Dollars: 1,435| Click To View

With 80% of its landlocked territory covered by the Sahara Desert and a rapidly growing population largely dependent upon small-scale agriculture, Niger is under threat from desertification and climate change. Food insecurity is high, as are disease and mortality rates, and the army’s recurrent clashes with jihadist group and Islamic State (ISIS) affiliate Boko Haram have displaced thousands of people. One of the main drivers of the economy—the extraction of valuable natural resources such as gold and uranium—has also suffered from volatility and low commodity prices.

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Nevertheless, the largest nation in West Africa seems to have finally entered a new political and economic transition phase. Wracked by military coups since its independence from France in 1960, in 2011 Niger declared veteran opposition leader Mahamadou Issoufou winner of the presidential polls. Since then, the adoption of a new investment code, improved access to credit and somewhat faster access to water have contributed to a sharp increase in foreign direct investment. When Issoufou stepped down this year after two five-year terms in office, despite an attempted (and thwarted) military coup, Niger inaugurated a new president—the teacher and former interior minister Mohamed Bazoum—in its first democratic power transfer. The country, which is now considered a bright spot on the continent, will see its economy expanding by up to 7% this year and in 2023, and is now projected to achieve double-digit growth by 2024.

5. Somalia

Global Finance Magazine - Poorest Countries in the World 2022 (6)
Current International Dollars: 1,322| Click To View

Three decades of internal violence and conflict resulting in the displacement of hundreds of thousands of people, frequent droughts and floods followed by famine and disease, lack of access to health services, massive levels of unemployment among especially young people —Somalis are growing hopeless.

This country of 16 million in the Horn of Africa never seems to catch a break. The sustained GDP growth shown in the latter part of the last decade was interrupted in 2020 by the compounded effect of the coronavirus pandemic, an infestation of locusts unprecedented in modern times and intensified floods, which caused the economy to contract. Then, when a tenuous recovery was underway, the blockade of Ukraine's wheat exports plunged the country further into despair, filling local health facilities and with severely malnourished children.

Yet, the World Bank says, Somalia could have a brighter future: “Rapid urbanization, growing use of digital technologies, planned investments in sectors such as energy, ports, education and health can support economic growth and job creation.”

Somalis pin their hopes on Hassan Sheikh Mohaved, who was re-elected president last May after serving in the same position from 2012 to 2017. A former academic and peace activist, he is considered a skilled politician with a strong reputation as a consensus-builder between political and regional factions. But the challenges he faces, needless to say, are daunting.

4. Democratic Republic of the Congo (DRC)

Global Finance Magazine - Poorest Countries in the World 2022 (7)
Current International Dollars: 1,316| Click To View

Since gaining independence from Belgium in 1960, the Congo has suffered decades of rapacious dictatorship, political instability and constant violence. The country turned a page in 2019, when Félix Antoine Tshisekedi Tshilombo—the son of legendary opposition leader Etienne Tshisekedi—was elected as the new president.

The tasks he faces are daunting. His controversial predecessor Joseph Kabila—who had governed since succeeding his assassinated father in 2001—is credited for bringing an end to what is commonly referred to as the “Great African War,” a conflict that claimed up to 6 million lives, either as a direct result of fighting or because of disease and malnutrition. However, he did little to improve the lives of people who survived the war. On the contrary, a recent leak of financial documents shows how—while in power—he used a private bank to embezzle about $138 million of public funds. Meanwhile, roughly three-quarters of the country’s 90 million population is still living on less than two dollars a day.

With 80 million hectares of arable land, over a thousand minerals and valuable metals under its surface and a citizen median age of just 17, the Democratic Republic of the Congo—the World Bank says—has the potential to become one of the richest African nations and a driver of growth for the entire continent (even just by virtue of being the world’s largest producer of cobalt and Africa’s leading source of copper, two metals essential in the production of electric vehicles). Endemic corruption, continued outbreaks of the Ebola virus and the recent resurgence of the M23 anti-government insurgent group in the eastern part of the country continue to frustrate that incredible potential.

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3. Central African Republic

Global Finance Magazine - Poorest Countries in the World 2022 (8)
Current International Dollars: 1,102| Click To View

Rich in gold, oil, uranium and diamonds, the Central African Republic is a very wealthy country inhabited by very poor people. However, after claiming the title of the poorest in the world for the best part of the decade, this nation of just 4.8 million is showing some signs of progress.

For the first time since its independence from France in 1960, in 2016 the Central African Republic has democratically elected a president: former mathematics professor and prime minister Faustin Archange Touadéra, who campaigned as a peacemaker who could bridge the divide between the Muslim minority and the Christian majority. Yet, while his successful election has been seen as an important step towards national reconstruction, large swaths of the country remain controlled by anti-government and militia groups. When, in 2020, Touadéra won a second term, rebel forces backed by the former dictator François Bozizé sought to retake control of the country.

Despite these problems and incidents, in recent years growth has somewhat picked up, driven by the timber industry and a revival of both agricultural and mining sectors. The economy is also benefitting from the partially resumed sale of diamonds, which were found to be funding inter-religious armed groups and placed under an international embargo in 2013. Yet, the government has struggled to restore sales and has seen only a fraction of the revenues it once did, and roughly 70% of the population still live below the poverty line. The war in Ukraine has only brought more pain: the World Food Program has already warned that due to the sharp increase in the price of staple products such as rice, wheat flour and vegetable oil the country is currently facing unprecedented levels of food insecurity.

2. South Sudan

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Current International Dollars: 928| Click To View

South Sudan is the newest nation in the world. It was born on July 9, 2011, six years after the agreement that ended the conflict with Sudan, Africa's longest-running civil war. However, violence has continued to ravage this land-locked state of roughly 11 million. Formed by the 10 southern-most territories of Sudan and home to around 60 indigenous ethnic groups, a new conflict broke out in 2013 when president Salva Kiir accused his former deputy, rebel leader Riek Machar, of staging a coup. As a result, it is estimated that as many as 400,000 people were killed in clashes and nearly 4 million have been internally displaced or fled to neighboring countries.

South Sudan could be a very rich nation—it represents instead a textbook example of the resource curse paradigm, which exemplifies the paradox of nations whose resource abundance fosters, rather than progress, inequality, social and political divisions, corruption, lack of economic diversity. In the meantime, outside the oil sector, the majority of the population is employed in traditional agriculture, although violence—along with alternating droughts and floods— often prevents farmers from planting or harvesting crops.

Will the people of South Sudan ever have a real shot at living more prosperous lives? After signing a ceasefire and a power-sharing agreement in 2018, government and opposition parties formed a unity cabinet led by president Kiir and Machar as first vice president. The accord has proved fragile and largely ineffective when it comes to improving living standards and bringing a highly divided society together. Recently, the United States has also withdrawn from peace process monitoring systems in the country due to the failure to meet reform milestones, including drafting a permanent constitution.

1. Burundi

Global Finance Magazine - Poorest Countries in the World 2022 (10)
Current International Dollars: 856| Click To View

The small landlocked country of Burundi, scarred by Hutu-Tutsi ethnic conflict and civil war, has the rather unenviable distinction of topping the world's poverty ranking. With about 90% of its nearly 12 million citizens relying on subsistence agriculture (and the overwhelming majority of them living in extreme poverty) food scarcity is a major concern: the level of food insecurity is almost twice as high as the average for sub-Saharan African countries. Furthermore, access to water and sanitation remains very low, and less than 5% of the population has electricity. All these problems, needless to say, have only been exacerbated by the pandemic and the war in Ukraine.

How have things come to this, despite the civil war formally ending 15 years ago? Lack of infrastructure, endemic corruption, security concerns: the ingredients leading to extreme poverty are often the usual suspects. Pierre Nkurunziza, the charismatic former Hutu rebel turned president in 2005, had initially managed to unite the country behind him and to start rebuilding the economy. In 2015, however, the announcement that he would run for a third term—which according to the opposition was in violation of the constitution—reignited old disputes. A failed coup attempt followed, hundreds of people died in clashes and tens of thousands were displaced internally or abroad.

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Nkurunziza died in the summer of 2020 at age 55—the official cause of death was cardiac arrest, although several local news outlets reported that is death was Covid-19-related. Evariste Ndayishimiye, an ex-general who was handpicked by Nkurunziza to succeed him at the end of his mandate, was sworn in days later. So far his record has been mixed. While, like his predecessor, he has initially downplayed the severity of the virus and reports of human rights violations continue to emerge from the country, he made an effort to relaunch the economy and repair diplomatic relationships with his African neighbors and especially the West. His efforts paid off: both the US and the European Union have recently lifted the financial sanctions put in place following the 2015’s political crisis, and resumed aid to Burundi. Could this be a turning point for the poorest nation in the world?

Rank

Country

GDP-PPP ($)

1Burundi856
2South Sudan928
3Central African Republic1,102
4Democratic Republic of the Congo1,316
5Somalia1,322
6Niger1,435
7Mozambique1,439
8Malawi1,603
9Chad1,705
10Madagascar1,778
11Liberia1,779
12Sierra Leone1,958
13Yemen2,078
14Eritrea2,101
15Kiribati2,148
16Solomon Islands2,385
17Zimbabwe2,523
18Mali2,575
19Togo2,599
20The Gambia2,646
21Burkina Faso2,663
22Guinea-Bissau2,784
23Rwanda2,808
24Vanuatu2,851
25Uganda2,961
26Guinea3,029
27Lesotho3,034
28Haiti3,189
29Timor-Leste3,339
30Comoros3,355
31Tanzania3,358
32Ethiopia3,407
33Micronesia3,650
34Zambia3,776
35Senegal4,093
36Benin4,137
37Marshall Islands4,192
38Papua New Guinea4,299
39Cameroon4,398
40Sudan4,442
41Republic of Congo4,578
42Nepal4,578
43Tajikistan4,630
44São Tomé and Príncipe4,681
45Myanmar4,776
46Cambodia5,493
47Kyrgyz Republic5,562
48Tuvalu5,798
49Nigeria5,853
50Samoa5,935
51Venezuela5,949
52Kenya6,061
53West Bank and Gaza6,243
54Côte d'Ivoire6,345
55Pakistan6,470
56Bangladesh6,633
57Djibouti6,667
58Honduras6,740
59Ghana6,754
60Tonga6,783
61Mauritania6,920
62Nicaragua7,071
63Belize7,147
64Angola7,360
65Cabo Verde7,740
66India8,358
67Morocco9,041
68Lao P.D.R.9,184
69Uzbekistan9,243
70Bolivia9,856
71Guatemala9,911
72Philippines10,237
73Eswatini10,411
74Namibia10,448
75El Salvador10,581
76Nauru10,750
77Jamaica11,802
78Jordan11,861
79Iraq12,141
80Tunisia12,300
81Ecuador12,664
82Vietnam12,881
83Bhutan12,967
84Algeria13,002
85Mongolia13,350
86Fiji13,598
87Palau13,652
88Kosovo13,964
89Paraguay14,430
90Dominica14,491
91Indonesia14,535
92Egypt14,928
93Peru15,035
94Paraguay13,724
95St. Lucia13,739
96Moldova16,719
97Armenia15,818
98St. Lucia16,509
99Moldova16,719
100Azerbaijan17,153
101Brazil17,208
102Suriname17,300
103Albania17,383
104Barbados17,408
105Bosnia and Herzegovina17,471
106Gabon17,848
107Colombia18,225
108Grenada18,293
109Iran18,332
110Libya18,345
111Georgia18,594
112Turkmenistan18,857
113Equatorial Guinea19,036
114Botswana19,287
115North Macedonia19,726
116Thailand21,057
117China21,364
118Belarus21,686
119Antigua and Barbuda21,890
120Mexico22,216
121Serbia23,904
122Dominican Republic23,983
123Costa Rica24,490
124Montenegro24,878
125Mauritius25,043
126Argentina25,822
127Uruguay26,663
128St. Kitts and Devis27,608
129Chile28,526
130Bulgaria28,593
131Maldives29,133
132Trinidad and Tobago29,884
133Russia30,013
134Kazakhstan30,502
135Malaysia32,901
136Seychelles35,272
137Oman35,286
138Greece35,596
139Panama36,085
140Croatia36,201
141Romania36,622
142Latvia37,330
143Turkey37,488
144Guyana38,258
145Slovak Republic38,620
146Aruba39,508
147The Bahamas40,274
148Portugal40,805
149Hungary40,944
150Poland41,685
151Puerto Rico42,759
152Estonia44,778
153Spain46,413
154Lithuania46,479
155Czech Republic48,443
156Cyprus48,543
157Slovenia48,534
158Japan48,814
159Israel50,204
160Italy50,216
161New Zealand50,411
162Kuwait50,919
163Korea53,051
164Malta54,647
165United Kingdom55,301
166Saudi Arabia55,368
167France56,036
168Bahrain57,424
169Canada57,812
170Finland58,010
171Belgium61,587
172Australia61,941
173Sweden62,926
174Germany63,271
175Andorra63,600
176Iceland64,621
177Austria64,751
178Netherlands68,572
179Taiwan, Province of China68,730
180Denmark69,273
181San Marino70,139
182Hong Kong SAR70,448
183Brunei Darussalam74,953
184United States76,027
185Norway77,808
186United Arab Emirates78,255
187Switzerland84,658
188Macao SAR85,612
189Qatar112,789
190Ireland124,596
191Singapore132,580
192Luxembourg140,694
Afghanistan, Lebanon, Syria, UkraineN.A.

Source: International Monetary Fund, World Economic Outlook April 2022.Values are expressed in current international dollars, reflecting the corresponding exchange rates and PPP adjustments.

FAQs

What is the poorest country in the world as of 2022? ›

1. South Sudan. The Republic of South Sudan gained independence in July 2011, but has experienced a long history of conflict, displacement, and deepening humanitarian needs. As of 2021, the World Bank estimated that over 76% of South Sudanese are living in extreme poverty.

What are the 5 poorest countries in the world 2022? ›

Burundi is the world's poorest country followed by Central African Republic, DR Congo, South Sudan and Somalia as the poorest.

What are the 5 most poor countries? ›

The Poorest Countries in the World
  • Somalia: GDP per capita of USD 303 in 2026. ...
  • South Sudan: GDP per capita of USD 441 in 2026. ...
  • Sierra Leone: GDP per capita of USD 532 in 2026. ...
  • Malawi: GDP per capita of USD 606 in 2026. ...
  • Central African Republic: GDP per capita of USD 624 in 2026.
11 Oct 2022

Which country is No 1 poor country? ›

Niger. A combination of a GNI per capita of $906, life expectancy of 60.4 years, and a mean 2 years of schooling (against an expected 5.4) lead to Niger topping the UN's human development report as the world's poorest country.

What are the 25 poorest country in the world? ›

Additionally, all of the 25 poorest countries, with the exception of Zimbabwe and Tajikistan, are considered Least Developed Countries (LDCs) by the UN.
...
Mapped: The 25 Poorest Countries in the World.
CountryGDP per capita (USD)
South Sudan$303.15
Malawi$399.10
Mozambique$455.01
Democratic Republic of the Congo (DRC)$456.89
6 more rows
22 Apr 2021

Which is the No 1 richest country in 2022? ›

Here are the 10 richest countries in the world:
  • United States - $18.62 Tn.
  • China - $11.22 Tn.
  • Japan - $4.94 Tn.
  • Germany - $3.48 Tn.
  • United Kingdom - $2.65 Tn.
  • France - $2.47 Tn.
  • India - $2.26 Tn.
  • Italy - $1.86 Tn.

Is India a poor country 2022? ›

57 percent of the national income is held by top 10 percent.

As per the latest World Inequality Report 2022, India is a “poor and very unequal country, with an affluent elite,” where 57 percent of the national income is held by top 10 percent, while the share of the bottom 50 percent is merely 13 percent in 2021.

What are the 10 poorest countries in America? ›

Poorest Countries in North America 2022
  • 13 Poorest Countries in North America by GNI per capita (Atlas method, current US$) - World Bank 2020 data. Haiti — $1,320. ...
  • Nicaragua. Rural poverty is dominant in Nicaragua, the second-poorest country in North America. ...
  • Honduras. ...
  • El Salvador. ...
  • Belize. ...
  • Guatemala. ...
  • Jamaica. ...
  • Dominican Republic.

Is China poor country 2022? ›

According to the World Bank, more than 850 million Chinese people have been lifted out of extreme poverty; China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of people living on the equivalent of US$1.90 or less per day in 2011 purchasing price parity terms, which ...

What is the poorest city in the world? ›

Theorists suggest the poorest city in the world is in Monrovia, the capital city of Liberia. The population of Liberia is currently 4,294,000 and is one of the least populated countries in Africa. It is considered the fifth poorest country, despite being the oldest independent country.

Is 80% of the world poor? ›

The latest global data tells us that 85% of the world population live on less than $30 per day. These are 6.5 billion people. Relying on a higher poverty line of $45 per day you find that 92% live in poverty, and using a lower poverty line of $20 per day you find that 78% live in poverty.

What are the top 5 poorest countries in Europe? ›

LIST OF THE POOREST COUNTRIES IN EUROPE
  • Ukraine.
  • Moldova.
  • Albania.
  • Belarus.
  • Northern Macedonia.
  • Bosnia and Herzegovina.
  • Serbia.
  • Montenegro.

Which country is poor in Asia? ›

Myanmar. About 26% of Myanmar's population lives in poverty, particularly in rural areas, where about 70% of the population lives.

Which country is richest in Asia? ›

By far, Singapore is the richest Asian country in 2022, followed by Qatar, a middle-east oil genie and Israel at second and third ranking. Check out the complete list of 15 richest countries in Asia 2022-2023 ranked on the basis of their GDP per capita.

Which country has poor quality of life? ›

Worst Countries To Live in 2022
CountryMisery IndexHuman Development Index
Zimbabwe5470.571
Sudan193.90.51
Lebanon177.10.744
Suriname145.30.738
101 more rows

Is India the 3rd poorest country? ›

India is likely to end the current year with a per capita GDP lower than that of even Bangladesh, making it the third poorest nation in the South Asian region, just ahead of Pakistan and Nepal, according to the International Monetary Fund ( IMF ) — as against Bangladesh 's per capita GDP of $1,888, India's per capita ...

Why Philippines is still a poor country? ›

Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. Note: See the latest available poverty data on the Philippines.

What is the richest continent? ›

North America has the highest continental gdp per capita by both GDP Nominal and PPP in the world. With $46,160 in nominal terms, the per capita gdp of North America is 376% of the world GDP per capita. North America is closely followed by Oceania ($44,741).

Which country will be richest in 2050? ›

By 2050, China is forecasted to have a gross domestic product of over 58 trillion U.S. dollars.

Which country has the fastest growing economy in the world 2022? ›

Guyana was named as the fastest-growing economy in both forecasts by the IMF. The sparsely populated country is growing thanks to new oil exploitation projects.

Which country will be rich in 2030? ›

1st: China

By 2030 China is likely to have cemented its position as the world's largest economy. If the experts at Standard Chartered are on the money, it's set to extend its lead significantly over the USA with a bumper GDP (PPP) of $64.2 trillion (£52.1tn), putting America's economy firmly in the shade.

Where are the 10 poorest countries? ›

  • Chad.
  • Malawi.
  • Mozambique.
  • Somalia.
  • Democratic Republic of the Congo (DRC)
  • Central African Republic.
  • South Sudan.
  • Burundi.
5 Aug 2022

Is India a rich country 2050? ›

Top 10 richest countries in the world according to the report published by PWC, were determined with the purchasing power parity. Top 10 Richest Countries in the World, 2050 are China, United States, Canada, United Kingdom, Brazil, Germany, France, Mexico, United States, India.

Is India poor than Pakistan? ›

Ranking of Richest Countries Reveals Pakistan is Poorer Than India and Bangladesh. Global Finance, a New York-based monthly financial magazine, has ranked Pakistan lower than India and Bangladesh in its recently published list of the world's richest countries.

Is USA a poor or rich country? ›

Being rich in a poor country also has costs.
...
Advertisement.
RankCountryGDP-PPP ($)
6Switzerland84,658
7United Arab Emirates78,255
8Norway77,808
9United States76,027
141 more rows
1 Aug 2022

Which state is poor in USA? ›

Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.

What are the top 3 poorest states? ›

Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).

Is China poorer than us? ›

China is still much poorer over all than the United States. But the Chinese have taken a commanding lead in that most intangible but valuable of economic indicators: optimism.

Is Russia a high-income country? ›

Some former high-income countries, such as Russia and Venezuela, slipped to a lower bracket and have yet to regain the high-income classification.

Is India a third world country? ›

The "Second World" countries were the Communist Bloc countries, including the Soviet Union, China, and their allies.
...
Third World Countries 2022.
CountryHuman Development Index2022 Population
Timor Leste0.6251,341,296
Micronesia0.627114,164
India0.641,417,173,173
Namibia0.6472,567,012
147 more rows

Which city in USA is poor? ›

Top 10 poorest cities in America 2022
RankCityPoverty Rate
1.Detroit33.2%
2.Cleveland32.0%
3.Hartford28.0%
4.Dayton29.6%
6 more rows
15 Aug 2022

What city is number 1 in poverty? ›

In 2021, Philadelphia, Pennsylvania was the city with the highest poverty rate of the United States' most populated cities. In this statistic, the cities are sorted by poverty rate, not population.

What is the richest city? ›

These are the 10 wealthiest cities in the world — and five are in the U.S. The total private wealth held by New York residents was found to exceed $3 trillion. New York City is home to more rich people than any other city in the world, according to a new report by investment migration consultancy Henley & Partners.

What country is #1 in child poverty? ›

Among the OECD countries, Turkey had the highest share of children living in poverty, reaching 22.7 percent in 2018.
...
Proportion of children living in poverty in the OECD countries in 2019.
CharacteristicProportion of children in poverty
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--
11 more rows
5 Aug 2022

Where is 90% of the world's wealth? ›

The pyramid shows that: half of the world's net wealth belongs to the top 1%, top 10% of adults hold 85%, while the bottom 90% hold the remaining 15% of the world's total wealth, top 30% of adults hold 97% of the total wealth.

Are poor people still happy? ›

The notion that poor people are happier is outdated and not supported by research. Although various cultures have various ways of measuring happiness, research shows that certain things are universally essential.

Which country is financially strongest? ›

With a GDP of 23.0 trillion USD, the USA is by far the world's largest economy in this ranking for 2021. It is followed by China in second place with a GDP of 17.7 trillion USD. Canada is also quite far ahead in the international comparison and occupies the ninth place in this ranking.

What is the 3rd World poor country? ›

Some of the countries with poor freedom scores are among the very poorest nations with underdeveloped economies, such as South Sudan, Burundi, the Central African Republic, and the Democratic Republic of Congo, where per capita income (GDP (PPP)) is less than $1,000 per year, or less than $3 a day.

What are the 3 poorest countries in Europe? ›

  1. Ukraine. With a per capita GNI of $3,540, Ukraine is the poorest country in Europe as of 2020. ...
  2. Georgia. Georgia posted a GNI per capita of $4,290 in 2020, lower than any European country except Ukraine. ...
  3. Kosovo. ...
  4. Moldova. ...
  5. Albania. ...
  6. North Macedonia. ...
  7. Bosnia and Herzegovina. ...
  8. Belarus.

What is the top 10 poorest country? ›

Here are the 10 poorest countries:
  • Mozambique - $460.
  • Madagascar - $480.
  • Sierra Leone - $490.
  • Afghanistan - $500.
  • Eritrea - $510.
  • Central African Republic - $510.
  • Liberia - $530.
  • Niger - $540.

How many people in the world are poor 2022? ›

The World Bank estimates that around 8.5 percent of the world's population (685 million people) could be extremely poor by the end of 2022, and that poverty is now declining at a very slow rate of only 2 percent a year.

Which country is poorest in Asia? ›

While the order may change, every method pinpoints the same 12 countries as the poorest countries in Asia.
...
Timor-Leste
  • Afghanistan - $500.
  • Yemen - $940.
  • Tajikistan - $1,060.
  • Kyrgyzstan - $1,160.
  • Nepal - $1,190.
  • Myanmar - $1,260.
  • Pakistan - $1,280.
  • Cambodia - $1,490.

Which Asia country is the richest? ›

By far, Singapore is the richest Asian country in 2022, followed by Qatar, a middle-east oil genie and Israel at second and third ranking. Check out the complete list of 15 richest countries in Asia 2022-2023 ranked on the basis of their GDP per capita.

How many countries are in poverty? ›

1.3 billion people in 107 developing countries, which account for 22% of the world's population, live in multidimensional poverty.

Who are the 7 world powers? ›

Like China, France, Russia, and the United Kingdom; Germany and Japan have also been referred to as middle powers. In his 2014 publication Great Power Peace and American Primacy, Joshua Baron considers China, France, Russia, Germany, Japan, the United Kingdom and the United States as the current great powers.

Which country has best future? ›

15 Best Countries to Live in the Future
  • United Kingdom. GDP per capita, Purchasing Power Parity in 2021: $49,675.3. ...
  • France. GDP per capita, Purchasing Power Parity in 2021: $50,728.7. ...
  • Canada. GDP per capita, Purchasing Power Parity in 2021: $52,085.0. ...
  • Finland. ...
  • Australia. ...
  • Germany. ...
  • Austria. ...
  • Belgium.
16 Oct 2022

Who is the fastest growing country in the world? ›

The statistics were compiled from the International Monetary Fund World Economic Outlook Database with the vast majority of estimates corresponding to the 2021 calendar year.
...
List (2018-2021)
RankCountryReal GDP growth rate (%)
1Libya177.260
2Maldives31.416
3Guyana19.928
4Macao17.990
154 more rows

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