Top 10 Poorest Countries in 2012
There are a lot of countries in the world which belongs to the “third world country”. These countries are underdeveloped because of the lack of socioeconomic progress, violence, and unemployment. Most of these countries belong to Latin America, Asia, and Africa. However, the poorest countries in the world are situated in Sub-Saharan Africa. People want to live in a convenient place where there is riches and abundance. It is sad to know that there are people living below the poverty line. The poverty is a result of rampant government corruption. There are more than 10 countries that fall under the poverty line. To help you know about these countries, here is the 10 poorest countries in 2012.
Poorest Countries 2012
10. Sierra Leone
The republic of Sierra Leone has a GDP per capita of $759. It is one of the diamond producing countries of the world. The diamonds are the basic source of economic earnings. This has made the country one of the largest producers of gold and titanium. Despite of this, 81.5% of the population is still living in poverty. Almost half of the total population has an income of $1.25 a day. Unemployment is also common in the place. The people are also deprived of potable drinking water. This has made Sierra Leone one of the poorest countries in 2012.
9. Central African Republic
With a GDP per capita of $764, Central African Republic is in the 9th spot of the world’s poorest countries in 2012. The place is overpopulated with a total population of 4422000, with French and Sango as the primary language. They are also exporting food crops and diamonds. Despite the riches and abundance of the place, violence and conflicts are still rampant which greatly affected the economy. Because of this, the country belongs to the 10 poorest countries in 2012.
Niger is another country in Africa which belongs to the list of the poorest countries, with a GDP per capita of $733. With the total population of 12.5 million, this has made the country one of the overpopulated and poorest countries in the world. Among the poverty concerns are unemployment, desert terrain, substandard health, deficient infrastructure, and lower education level. The adult literacy rate is only 15% with a lifespan of 46 years. Food crisis and drought are common in the place.
Eritrea is on the 7th spot of the world’s poorest countries with GDP per capita of $679. The country is facing military conflicts and hunger mainly located at the horn of Africa. Half of the total population is living below the poverty line. You cannot freely express your thoughts. There is no freedom of speech, unemployment is rampant, and illiteracy rate is continuously increasing. Education and health are very serious problems.
6. Solomon Islands
The Solomon Islands is a country located in Melanesia. Fishing is the main source of income comprising 75% of the population. Among the products exported by the country are copra, palm oil, and timber. It has a GDP per capita of $600. The country is rich in mineral resources, but it is sad to know that despite of these it still belongs to the third world country.
Somalia is the 5th poorest country of 2012. Aside from this, it is also one of the dangerous countries. Due to the long run chaos, inefficient government and state of war, the country has poor economy and increase illiteracy rate. It only has a GDP per capita of $600.
4. Guinea Bissau
Guinea Bissau is a West African country with a GDP per capita of $600. More than 65% of its total population is living below the poverty line. This is due to the microeconomic imbalances, economic instability, weak social conditions, and poor health and education.
The republic of Zimbabwe has the lowest GDP per capita of $500. It is geographically located in South Africa. Supply shortage is a common problem which causes the poor socioeconomic state. It has an unemployment rate of 80%, which is worst than ever.
Chad is another country located in African continent. It has a rich agricultural land, but poor industrial sector. It has a low GDP mainly because of government instability and crime. As a matter of fact, it is one of the corrupt countries in the world. The 80% of its total population is living below the poverty line.
The Democratic Republic of Congo lands in the number 1 spot in the 10 poorest countries in 2012. There is a huge war and corruption in the place. The reported GDP per capita is $328. The rate of corruption is very high. Aside from being the poorest country, it is also one of the dangerous countries in the world.