[ad_1]
South Sudan has severely limited economic growth and development.
The International Monetary Fund (IMF) has released a report highlighting the world’s poorest countries based on purchasing power parity (PPP) adjusted GDP per capita. While GDP is a measure of a country’s gross economic product, PPP takes into account the cost of living and provides a more accurate picture of living standards. Forbes.
The report paints a grim picture, with South Sudan ranked as the poorest country in the world, with a per capita GDP of just $492.72. The world’s youngest country, which gained independence in 2011, faces significant challenges due to political instability, ongoing conflict, and limited infrastructure.
| Country | GDP per capita |
|---|---|
| 1: South Sudan | $492.72 |
| 2: Burundi | $936.42 |
| 3: Central African Republic (CAR) | $1,140.00 |
| 4: Democratic Republic of Congo (DRC) | $1,570.00 |
| 5: Mozambique | $1,650.00 |
| 6: Malawi | $1,710.00 |
| 7: Niger | $1,730.00 |
| 8: Chad | $1,860.00 |
| 9: Liberia | $1,880.00 |
| 10: Madagascar | $1,990.00 |
Following South Sudan are Burundi ($936.42), Central African Republic ($1,140.00), Democratic Republic of Congo ($1,570.00) and Mozambique ($1,650.00). These countries share common challenges such as political instability, internal conflicts, inadequate infrastructure, and reliance on rain-fed agriculture, making them vulnerable to climate change and food insecurity.
The report also examines cases in Malawi ($1,710.00), Niger ($1,730.00), Chad ($1,860.00), Liberia ($1,880.00), and Madagascar ($1,990.00). These countries, primarily located in sub-Saharan Africa, face limited resources, rapid population growth, and high dependence on agriculture, making them vulnerable to poverty.
This report serves as a call to action for the international community to address the root causes of poverty in these countries. Investing in infrastructure, increasing economic diversification and promoting political stability are important steps towards a brighter future for these countries.
In 2024, Yemen will emerge as the Asian country tackling the most serious economic challenges, with a GDP per capita estimated at $2,136. However, the accuracy of this figure remains elusive as the protracted conflict prevents accurate economic assessments.
Conversely, Luxembourg claims the title of the richest country in the world by GDP per capita, boasting a staggering $145,834 in GDP per capita PPP. On the other hand, India’s per capita GDP (PPP) is $9.89 million in 2024, reflecting India’s position in the global economy.
[ad_2]
Source link
