Despite abundant global wealth, some countries continue to suffer in extreme poverty. Going by GDP per capita country-wise, this article lists the poorest countries in the world in 2024. Before getting into the list of the poorest countries in the world, let’s first understand the concept of GDP per capita and how a country is ranked on this basis.
GDP stands for Gross Domestic Product, which measures a country’s goods and services produced yearly. Its population must also be considered to get a clearer picture of how rich or poor a country is. Therefore, divide the GDP by the total number of people in the country to get GDP per capita.
#1 South Sudan $455.16,
South Sudanese Pound (SSP) – 1 USD = 600 SSP
#2 Burundi $915.88,
Burundian Franc (BIF) – 1 USD = 2,830 BIF
#3 Central African Republic $1,200,
Central African CFA Franc (XAF) – 1 USD = 620 XAF
#4 Democratic Republic of the Congo (DRC) $1,550,
Congolese Franc (CDF) – 1 USD = 2,050 CDF
#5 Mozambique $1,650
Mozambican Metical (MZN) – 1 USD = 64 MZN
#6 Niger $1,670
West African CFA Franc (XOF) – 1 USD = 620 XOF
#7 Malawi $1,710
Malawian Kwacha (MWK) – 1 USD = 1,025 MWK
#8 Liberia $1,880
Africa Liberian Dollar (LRD) – 1 USD = 180 LRD
#9 Madagascar $1,980
Africa Malagasy Ariary (MGA) – 1 USD = 4,000 MGA
#10 Yemen $2,000
Asia