The list of the poorest countries in the world might not be as obvious as most people would think it is. According to a report by the world population review Zimbabwe is ranked at position 123 poorest countries in the world.
According to US Today most countries that are featured in this list are third world countries that are in serious debt. Money is not really everything when it comes to ranking of countries.
As much as it is important for people’s upkeeps money does not really contribute much to a countries ranking.
As much as many people would have expected Zimbabwe which is a third world country to be part of the 120 poorest countries or rather even in the top 10, the country is rather not on the brink of collapsing as many people would have predicted.
Physical location of a country also contributes to the wealth of the country. Zimbabwe is situated in a geographical location rich in minerals.
The physical location of a country also has a lot to do with the wealth — as well as the lack thereof — of a country. The reason for this pulls the aspect of underdeveloped governments, systems, and infrastructures in a country into play. See, the financial status of a country has nearly everything to do with a nation’s GDP or gross domestic product. This is a value that correlates to the monetary value of a country’s goods, services, and products over the course of a year.
So the GDP of every country is calculated annually, and it is very similar to credit scores in a sense, albeit on a much larger scale. Still, the GDP of the nation has the potential to severely mess with a country’s future, as does a poor credit score for people like you and me.
The gross domestic product of a country is such a substantial influential factor, and a weak GDP can do quite a load of damage to a country’s economy.
When a country has a low GDP value, other nations do not revere the low-ranking country as worth doing business with at any level.
This has been the cause of great division between countries because it starts to create a sort of divide between countries with impressively high GDP values and countries with GDP values that are everything but admirable. It is rather unfortunate, mainly because this outlook makes it that much harder for countries with low GDP values to make a comeback.
If you have ever experienced the downward spiral of credit card debt and lower-than-preferred credit scores, then the GDP might register with you on a level that is easier to understand from that perspective.
Below is the list of top 10 poorest countries in the world .
1. Liberia (GNI per capita: $710)
2. The Central African Republic (GNI per capita: $730)
3. Burundi (GNI per capita: $770)
4. The Democratic Republic of the Congo (GNI per capita: $870)
5. Niger (GNI per capita: $990)
6. Malawi (GNI per capita: $1,180)
7. Mozambique (GNI per capita: $1,200)
8. Sierra Leone (GNI per capita: $1,480)
9. Madagascar (GNI per capita: $1,510)
10. Comoros (GNI per capita: $1,570)