The world’s poorest countries are classified on various factors such as gross national income (GNI) per capita which means it is a straight measure of the country’s total income divided by its population and Gross Domestic Product (GDP) per capita, however, both metrics are almost similar and measure the dollar value of all goods and services produced in a given country. The only difference is that gross national income (GNI) also includes income earned via international sources (such as foreign investments or real estate holdings). Here is the list of poorest countries in the world based on gross national income( GNI),
Poorest Countries In The World By Gross National Income( GNI)
1. Burundi- Gross National Income( GNI): $270
Burundi is one of the poorest countries having a population of 10395931 and a land area of 25649 square kilometers. Bujumbura is the capital country with the official language Burundi. Burundi celebrates July 1 as a national holiday on the occasion of Independence Day. Burundi is quite poor and underdeveloped due to an immense dearth of resources.
Also, it is one of the unhappiest countries in the world. More and more people there are inflowing into subsistence agriculture rather than the manufacturing sector which makes it an underdeveloped county. The Red and green color in its flag depicts autonomy and belief in advancement with white cross-like diagonals and a white disk in the middle representing concord.
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2. Somalia- Gross National Income( GNI): $310
Somalis have a land area of 627339 square kilometers and 10428043 populations. Mogadishu is the capital country and the representative tongue is Somali. It is one of the poorest and slightest developed countries as a bunch of people are self-employed in mammal rearing. Its national flag has a blue color base having white five-pointed stars at the center as known as the ‘Star of Unity.
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Image Source: United Nations Photo
3. Mozambique- Gross National Income( GNI): $460
Mozambique is also one of the poorest countries in the world based on its gross national income( GNI) which is $460 US dollars. There was a civil war that happened in the year 1992 that was the primary reason to rank it among the poorest countries. The good news is that there is a substantial increase in the per capita income in the country and economic recovery as well.
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4. Madagascar- Gross National Income( GNI): $480
Madagascar has an intact area of 587295 square kilometers. The capital of Madagascar is Antananarivo and Malagasy is the most spoken language. Madagascar is one of the poorest and fourth-biggest islands in the world with a size of 587712 square kilometers and more than 26 million populations. It is the dwelling for an assortment of biodiversities. Lots of exceptional species of animals are found in Madagascar. Though Madagascar has a wide range of possessions but still it visages a lot of paucity as about 75% of the people are living below the poverty line.
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5. Sierra Leone- Gross National Income( GNI): $490
Sierra Leone officially known as the Republic of Sierra Leone is a country situated on the southwest coast of West Africa. Though the country is listed among the poorest ones it is popular for its white-sand beaches lining the Freetown Peninsula. Almost all the population of the country was involved in agriculture and also political instability is the two main hindrances in the development of the country. The country has also special significance in history because Freetown was founded in 1787 as a home for repatriated former slaves from London and the Americas.
Image Source: Wikimedia
6. Afghanistan- Gross National Income( GNI): $500
Afghanistan is also one of the poorest countries in the world based on avarage gross national income which is $500. The poor people are widespread in both rural and urban areas, however, based on various data, it is mainly concentrated in the rural areas. The families in the rural areas are missing adequate nutrition and hence many infants and children become stunted in the region and malnourished every year. East, Northeast, and West-Central regions are some of the main poorest regions of the country.
7. The Central African Republic- Gross National Income( GNI): $510
The central African Republic has a large area of 240533 and a population of 5277959. The capital of the Central African Republic is Bangui and French is its official tongue. It is one of the less tainted countries and has a remarkably amiable atmosphere. As it is one of the poorest countries so to wipe out their poverty people begin working which inconveniently left them unqualified.
Though it has plentiful assets still has pitiable supervision of the economy, a poor taxation system, and weak infrastructure make it deprived and underdeveloped. Its flag has blue, white, green, and yellow horizontal stripes cut by a red vertical stripe and a yellow star at the corner.
Image Source: Wikimedia
8. Liberia- Gross National Income( GNI): $530
Liberia is a country covering an area of 111369 square kilometers and a population of 5,214,030. The capital of Liberia is Monrovia and English is the official language of Liberia. Liberia celebrates 26 July as its Independence Day. Liberia is also one of the poorest and most underdeveloped countries because of the Liberian Civil War.
Poverty amplified in Liberia due to meager supremacy and atrocious combat for continuous 15 years. The flag of Liberia has 11 red and white stripes in lieu of bravery and ethical brilliance. On the corner, a blue square portrays the African continent. The white star in it signifies its independence. The foremost diet of the people of Liberia includes rice with soup.
Image Source: United Nations Photo
9. Niger- Gross National Income( GNI): $540
Niger covers a land area of 1266699 square kilometers and has a population of 17466172. Niger is sited on the borders of the Sahara and Sub-Sahara regions. It is accredited as the ‘’Frying Pan of the world’’ due to its terrifically hot temperatures. Niamey is the capital of Niger and French is its official language. December 18 is the national holiday in Niger as it is celebrated as Republic Day.
Human Development Index publicized Niger as the least developed country in 2020. The flag of Niger has three horizontal bands of orange, white and green color and an orange sun in the center of the white stripe. Its orange color portrays Sahara, white stands for purity, and green for prolific land. On the basis of GDP, Nigeria was announced as the fifth-poorest country in the world. Niger is so underprivileged because of mishandling of the resources and bribery.
10. Democratic Republic of the Congo (formerly Zaire)- Gross National Income( GNI): $540
The DR Congo, DRC, DROC, Congo-Kinshasa Democratic Republic of the Congo also known as DR Congo, DRC, DROC, Congo-Kinshasa or simply congo is a beautiful country located in the Central America. It is one of the poorest countries in the world who’s official language is French. The country capital is Kinshasa and it is also the largest city of the Democratic Republic of the Congo. The capital city is situated across congo river. The country is poor because of economic opportunities and political instability and conflicts.
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These are the top 10 poorest countries in the world by gross national income (GNI). Kindly share and do post your comments.