- African and Middle Eastern countries ravaged by war and famine remain the poorest in the world, according to data published by the International Monetary Fund.
Twice a year the IMF releases a huge dump of data about the economic power of the world’s nations, with gross domestic product (GDP) per capita a key statistic.
The IMF ranks the world’s countries according to purchasing power parity (PPP) per capita.
The PPP takes into account the relative cost of living and the inflation rates of the countries to compare living standards among the different nations.
Most of the countries populating the top of this ranking are under authoritarian regimes where corruption is rampant. This a big deterrent to foreign investors, even if some of those countries have huge amounts of natural resources.
We’ve included all the countries with a GDP per capita is below $1,000 per year.
28. Sudan — GDP per capita: $992
- Mosa’ab Elshamy/AP
27. Benin — $966
- REUTERS/Akintunde Akinleye
26. Chad — $919
- Reuters
25. Nepal — $918
- Navesh Chitrakar/Reuters
24. Mali — $917
- Afolabi Sotunde/Reuters
23. Guinea-Bissau — $910
22. Ethiopia — $909
21. Comoros — $869
20. Tajikistan — $848
- Sergey Ponomarev/AP Images
19. Haiti — $847
18. Rwanda — $819
17. Guinea — $816
- Reuters
16. Burkina Faso — $750
- REUTERS/Zoe Tabary
15. Liberia — $722
14. Uganda — $711
- Darrin Zammit Lupi/Reuters
13. Togo — $698
12. Afghanistan — $601
- Reuters
11. Niger — $510
- AP Photo/Carley Petesch
10. Sierra Leone — $505
- Reuters
9. The Gambia — $500
- REUTERS/Afolabi Sotunde
8. Madagascar — $479
- REUTERS/Thomas Mukoya
7. Democratic Republic of Congo — $477
- Reuters
6. Mozambique — $472
- Grant Lee Neuenburg/Reuters
5. Yemen — $449
4. Central African Republic — $425
- REUTERS/Goran Tomasevic
3. Malawi — $342
- Luca Sola
2. Burundi — $339
- Evrard Ngendakumana/Reuters
1. South Sudan — $246
- REUTERS/Siegfried Modola
Source: Bussinessinsider