5 Poorest Countries In The World

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You have heard the puzzling question, “Which came first, the chicken or the egg?” but we have a different inquiry for you: Which came first, a financial system surviving on life support or constrained possibilities for individuals? The five poorest countries that are showcased on this list have been struggling with this question for decades. All of them have had stagnant agricultural communities that haven’t seen the benefits of the industrial revolution. If they had, things would greatly increase in domesticated goods, which so happens to be the standard way of measuring a nation’s complete economic output. If no possibilities open up for these countries, then the road to monetary well-being will be incredible long. There are various ways to measure a country’s poverty levels. The one we will use is GDP at the purchasing power parity, which carefully offers a clearer image of the living standards. GDP PPP exchanges the products of a nation into American dollars for a comparison of apples-to-apples.

1. Eritrea

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It’s true that copper and gold are here for some of the people to mine, however, there are about 80% of the locals that are farmers and only 7 out of 10 people are able to read and write. This country is found on the borders of Ethiopia and Sudan which are along the Red Sea, and the farmers here struggle against continuous drought conditions and a serious shortage of working class which is induced by the strict military draft from the government. Because of Eritrea’s per capita GDP of $777, it’s very clear to see that it is one of the most impoverished nations in the world.

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Eritrea tourism destinations

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