Poorest Countries
In the latest ranking of the world’s poorest countries by the International Monetary Fund (IMF), Pakistan holds the 52nd position, with Bangladesh and India closely trailing at 62nd and 63rd respectively.
Notably, Nepal stands as the poorest country in South Asia, ranking 40th on the list. At the bottom of the list sits South Sudan, boasting a per capita GDP of $492.72, making it the poorest nation globally.
Political instability, conflict, and inadequate infrastructure contribute significantly to South Sudan’s economic struggles.
Conversely, Luxembourg leads as the wealthiest country with a remarkable GDP per capita of $145,834, followed by Ireland, Singapore, and Qatar.
The IMF’s ranking is determined by per capita GDP and purchasing power, crucial indicators of a nation’s economic health and standard of living, as outlined by Forbes.
The report highlights a notable trend: African nations dominate the top 10 poorest countries.
After South Sudan, Burundi claims the second spot with a per capita GDP of $936.42, followed by the Central African Republic and the Democratic Republic of the Congo.
Other African countries featured in the top 10 include Mozambique, Malawi, Niger, Chad, Liberia, and Madagascar, shedding light on the widespread economic challenges faced across the continent.
The IMF’s findings underscore the importance of addressing economic disparities and implementing sustainable development initiatives to uplift struggling nations.
As global leaders work towards fostering economic growth and stability, it becomes imperative to prioritize support for the most vulnerable countries, particularly in Africa and South Asia, to ensure inclusive prosperity for all.
I am a dynamic professional, specializing in Peace and Conflict Studies, Conflict Management and Resolution, and International Relations. My expertise is particularly focused on South Asian Conflicts and the intricacies of the Indian Ocean and Asia Pacific Politics. With my skills as a Content Writer, I serve as a bridge between academia and the public, translating complex global issues into accessible narratives. My passion for fostering understanding and cooperation on the national and international stage drives me to make meaningful contributions to peace and global discourse.
