Focus Economics is a company that carries out research and studies on the global economy. Like every year, he published the list of the poorest countries in the world and the reasons that led them to be part of it. Find out what they are and if Colombia is in this registry.
According to Focus Economics, The world’s poorest countries in 2024, measured by their GDP per capita, are predominantly in Africa.
“Although in recent years this continent has been the second fastest growing region after Asia, its very high demographic increase means that GDP per capita has increased much more slowly”supports the company’s report and details which nations are part of it.
The poorest countries in the world are:
-Afghanistan: GDP per capita of 434 dollars. Widespread corruption and government weakness hinder the country’s development. For its part, the economy remains largely dependent on international aid.
-South Sudan: GDP per capita of 448 dollars. Poverty is linked to its prolonged civil war, which broke out shortly after the country gained independence in 2011. The violence displaced millions of people, destroyed infrastructure and disrupted agriculture, the backbone of the economy.
-Sierra Leone: GDP per capita of $529. Although rich in diamonds, resource mismanagement and corruption have prevented the economic benefits of mining from reaching the general population.
Read: This is the Sisbén group that receives more than 10 subsidies
FocusEconomics revealed which are the poorest countries in the world
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-Malawi: GDP per capita of 552 dollars. Extreme weather events – including frequent droughts and floods – regularly disrupt crop yields, exacerbating food insecurity.
-Madagascar: GDP per capita of 577 dollars. First, chronic political crises, including coups and contested elections, have weakened institutions and hampered development efforts.
-Central African Republic: GDP per capita of 582 dollars. Armed groups control large areas of the country, confront the authority of the central government and create a state of constant insecurity. This has caused populations to be displaced and those left behind to face situations of extreme poverty.
-Burundi: GDP per capita of 602 dollars. This country suffers from overpopulation, soil degradation and limited access to modern agricultural techniques. Additionally, political instability and corruption have deterred foreign investment and aid.
Read: Which Sisbén groups receive aid from the Government in 2024?
The poorest countries in the world are concentrated in Africa
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-Mozambique: GDP per capita of 668 dollars. Infrastructure, especially in rural areas, remains basic, making trade difficult. Periodic natural disasters have further disrupted economic progress.
-Nigeria: GDP per capita of 672 dollars. As a landlocked country, it has difficulty accessing international markets, exacerbating its dependence on low-income agriculture.
-Republic of the Congo: GDP per capita of 708 dollars. Civil wars and conflicts, fueled by competition for minerals, have devastated infrastructure and caused millions of deaths and displacement of citizens over the years.
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