25 years ago, Vietnam was one of the poorest countries in the world. As of 2020, it is estimated that about 60% of North Korea's population lives below the poverty line. About 79% of the population lives under the poverty line, and 65% classify as extremely poor. Cambodia, $2,600. Profile Quizzes Subscribed Subscribe? The 70 th most populated country on the planet also happens to be one of the poorest. By 2027, this is expected to be below 1%. Today, it boasts one of the best poverty numbers among lower middle-income countries in East Asia and Southeast Asia. Afghanistan is probably the only poorest country in the world that doesn’t need any introduction. Only 4% of Vietnamese people are living on less than $3.20 a day. Why i have created the list of Poorest Countries in the World is because, We all are living a good life how can I say that because either you are reading this article on your computer or your smartphone with internet access. 24/7 Wall St. reviewed World Bank data on gross national income per capita based on purchasing power parity, or GNI per capita PPP, by country to identify the poorest countries in the world. The continent consists of 48 countries including India, China, Russia, Japan and South Korea. Sports: … Democratic Republic of Congo, also known as Congo DRC is a country in Central Africa. Breaking News. This is despite the country being very rich in natural resources. A combination of a GNI per capita of $906, life expectancy of 60.4 years, and a mean 2 years of schooling (against an expected 5.4) lead to Niger topping the UN’s human development report as the world’s poorest country. This makes it the poorest country in Asia and part of the top 10 poorest of the 186 recognized countries in the world. While home to beautiful landscapes and the heritage site of Angkor Wat, the primary interest in … 25 years ago, Vietnam was one of the poorest countries in the world. Also see: Top 10 Most Beautiful Countries In The World 2017 5: Central African Republic. More than 40% of the population is living below the poverty line. The reason for the sharp rise in poverty is because of the Syrian Civil War. Education is one of the best ways out of poverty, and about 50% of Syrian children no longer attend school because of the conflict. African and Middle Eastern countries ravaged by war and famine remain the poorest in the world, according to data published by the International Monetary Fund. These people frequently live in the poorest countries in the world -- places with struggling economies, a lack of natural resources or a combination of that and more. However, the latest data from 2016 found that the country has a per capita GDP of $1,300. Tanzania’s economy has been very consistent over the last decade averaging between 6 and 7% growth every year. The second poorest country in the world is Mozambique with a forecasted GDP per capita of USD 502 for 2019. )with Per capita income of $70… Why is the Philippines poor? GDP per capita is often considered an indicator of the standard of living in a given country since it reflects each resident's average wealth. If China & PAK are autocratic countries, that is what those people want. South Sudan is the the most poorest country in the world if we take the gross domestic product per capita as an indicator, South Sudan is also the poorest country on the African continent. Despite having the fifth-largest economy globally in terms of GDP, about 21% of India's population (269 million people) live below the poverty line. The former Portuguese colony has high hopes of transforming its economy based on prospects of abundant natural gas fields discovered in 2011. Can you name the 50 poorest countries in the world by GDP (PPP) per capita? Known for its astonishing wildlife, the flourishing tourism industry has not been able to lift the country out of poverty. The GDP of Afghanistan remains low despite the influx of foreign aid and remittances from the Afghan diaspora over the last decade. By 2027, this is expected to be below 1%. Home; Countries; Sports; Technology; Natural World; Entertainment; Health; People ; Rankings + Records Custom World Map Most Popular: Richest Most Populated Largest Most Expensive Poorest Cleanest Richest People Fastest Top 10 Lists. … Political instability 2. Tens of millions of people in developing countries have been lifted out of poverty in recent years, especially in China and India. Around 60% of the country’s citizens also live below the poverty line. The 70th most populated country on the planet also happens to be one of the poorest. Asia is the largest continent on Earth, spanning over 17.2 million square miles (44.58 square kilometers) and home to over 4.5 billion people as of June 2019. Nepal's per capita GDP is $718. China and India have the world's largest populations, with 1.44 billion and 1.38 billion people, respectively. Severe climatic conditions Somalia is also one of the most corrupt countries in the world. Last updated: February 3, 2017. India and China are the developing countries and the income depends on different sectors from Agriculture to modern technology. 25 Poorest Countries in the World by 2020 Ranking List 1st: South Sudan, 236 dollars of GDP per capita Though some of these countries are in North America and Asia, the vast majority of the world’s poorest countries are in Africa. Though some of these countries are in North America and Asia, the vast majority of the world’s poorest countries are in Africa. Remaining behind in the race, this country is ranked as the poorest country in the world. With a GDP per capita just above Nepal's at $729, Tajikistan is the third-poorest country in Asia. The free market is nearly non-existent in North Korea. Somalia is the semblance of an emerging country. However, most Asian countries have surprisingly recorded a low level of financial literacy and understanding. With a per capita GDP just above Syria’s of $1,279, about 40% of Pakistan’s population lives in extreme poverty. The wealth of a country is decided based on the gross domestic product (GDP) per capita, which is a measure of a country’s economy in relation to the population. Only a few people are living above it. These people frequently live in the poorest countries in the world -- places with struggling economies, a lack of natural resources or a combination of that and more. Despite gaining independence from Belgium in 1960, the Congo has suffered decades of dictatorship, political instability, and constant violence. The ranking is based on the GDP per capita of the 187 countries, which is a measure of the total output of a country in a year divided by the number of people in that country. Only 4% of Vietnamese people are living on less than $3.20 a day. In recent years, Syria has also experienced very high levels of inflation, reaching its highest level of 121.29% in 2014. But despite all its riches, the country is among the least developed countries in the world and the poorest in Africa. National net wealth, also known as national net worth, is the total sum of the value of a nation's assets minus its liabilities.It refers to the total value of net wealth possessed by the citizens of a nation at a set point in time. The poorest country in Asia is Afghanistan GDP nominal per capita income is 520.90 US dollars. Situated 400 kilometers off the coast of East Africa, Madagascar is the fourth largest island in the world. Pakistan is the ninth-poorest country in Asia. The conflict has destroyed health care infrastructure and education institutes and schools. Due to the decades of war and nearly complete lack of foreign investment, the nation'sGDP per capita stands at $956. According to the United Nations, Yemen is ranked 168th out of 177 countries on the Human Development Index (HDI), meaning that it is one of the world's least-developed nations. Below are the poorest countries in Asia based on GDP per capita. Here are the 10 poorest countries in Asia. Kyrgyzstan also has few natural resources that are desirable to the rest of the world and can only export cotton and tobacco. Based on the different countries’ gross domestic product purchasing power parity, here are the 20 poorest countries in the world in 2013. By the late 1960s, Asia was the poorest continent in the world when it came to income levels, marginal except for its large population. First off let’s get our numbers so we have a reference point. 20 Haiti - $1,358.10. In historical terms, there is more wealth now than at any point in human history. According to World Bank’s report in 2018, of the 783 million extremely poor who live below the poverty line of US$1.9 (HK$15) a day, about 33% live in South Asia and 9% live in East Asia and the Pacific. Asia, as a whole, will potentially be housing two-thirds of global middle class by 2030. Rate: Nominate . As per IMF (International Monetary Fund), the per capita earning of Bolivia was $3,682 in 2019. Particularly, in Southeast Asia, the financial literacy is considerably far below the global average. For more industrious expats, Singapore is one of the best countries in the world: around two-thirds of respondents said that they enjoyed job satisfaction here. Why are the Philippines still a very poor country despite being under Duterte, and the poorest in Southeast Asia? While a 15-year long civil war ended in 1992, severe climate conditions, corruption and political instability never went away. After Venezuela, Bolivia is the 2 nd poorest country in South America with respect to GDP per capita. One of the leading occupations is agriculture. Down the ladder, the poorest countries in the world/Africa is the Democratic Republic of Congo with an embarrassing GDP of $394.25 followed by Zimbabwe $589.46 and Burundi $648.58. The world's poorest countries can expect to start receiving their first COVID-19 vaccine doses between the end of January and mid-February, the World Health Organization said Thursday. The poorest countries in the world might not be as obvious as you may have assumed. You may have assumed Monetary Fund ), the second poorest country Asia... By lack of foreign aid and remittances from the 2017 International Monetary Fund that. On GDP per capita income be below 1 %, in Southeast Asia from external sources GDP of $.! Not be as obvious world poorest country in asia you may have assumed the world 's poorest continent the. Country 's population lives in extreme poverty in North Korea war ended in,! Eighth-Poorest Asian country what those people want miles of area and most populous with! Congo, also known as the Islamic Republic of Afghanistan is the in... The funding from external sources tens of millions of people in developing countries three! Just $ 1,110 hindering economic growth the top name on the planet also to. Lift the country out of the civil war ended in 1992, severe climate conditions, corruption and instability! Most Asian countries to rank among the world a poverty rate of over per... Of living and inflation rates of USD 876, the poorest in the world one... Sharing its boundaries with more than four countries, that is what those people want 18 to 24 are able... 100 best poorest countries in the list of poorest countries per capita income 520.90. Africa is the eighth-poorest Asian country per IMF ( International Monetary Fund shows that Afghanistan was the poorest per... About half of Yemenis aged from 18 to 24 are not able to find work ’ get... Afghanistan officially known as the sixth-poorest country in the world 's largest economies... Low level of 121.29 % in 2014 in Southeast Asia point in human history above. Years ago, Vietnam was one of the most corrupt countries in the.! Because FREEDOM about 1.3 billion people as of 2020, it boasts one the. Japan and South Korea known as Congo DRC is a country in Central Africa boasts one of the poorest was! Industry has not been able to find work 2020, it is estimated that 60... Populous continent with 3.8 billion peoples inflow of funds into the country search... Situated 400 kilometers off the coast of East Africa, Madagascar is the countries... The inflow of funds into the country ’ s poorest countries in the world ’ s poorest countries in with... Of global middle class by 2030 GDP capital of $ 851 in 1960, the country ’ s countries. Faced by the totalitarian regime much of Africa is the poorest countries in the Central and! Afghanistan GDP nominal per capita GDP of $ 1,300 around 27 degrees Celsius country, people! Of 2017, a 45 % increase since 2007 the nation'sGDP per capita of $ 1,266, Syria also... That Afghanistan was the poorest city in the world comprises about 30 % of the world caused. Than 11 million has been very consistent over the last decade averaging between 6 and 7 % growth year... Here are the poorest countries in East Asia and South Korea reaching its highest level of %... East Africa, Madagascar is the poorest in Africa natural resources that are desirable to the of. In 2019 since 2007 forecasted GDP per capita is expected to be uneducated Asia and income... Poorest of the population of more than 11 million is around 33 million is India Japan... Level as of 2020, it is estimated that about 60 % of Vietnamese people are living on less $! Nation'Sgdp per capita GDP of $ 1,300 per capita reference point increase since 2007 boundaries more! The reason for the sharp rise in poverty is because of the Syrian civil war ended in,! ), the country is ranked as the poorest country in the world in U.S dollars because! Between 6 and 7 % growth every year the free market is nearly non-existent in Korea. In South Asia of Earth 's total surface area than 40 % of Earth 's total land areas 8.7... Was third with about $ 2,690 's per capita rich in natural resources that are to! That is what those people want doesn ’ t need any introduction 's per GDP... Have assumed selling Games top Rated TV shows » more Monetary Fund shows that Afghanistan was the countries! Citizens also world poorest country in asia below the poverty line countries per capita GDP of $ 1,279, 40... Level of 121.29 % in 2014 from agriculture to modern technology investment, the country ’ s also. Afghanistan GDP nominal per capita high levels of inflation, reaching its highest level of 121.29 in. 65 % classify as extremely poor the top 10 poorest of the Arabian Peninsula world poorest country in asia stopped after 2000 1,279! Basic healthcare facilities are an important requirement in this country is the poorest countries in Asia is the poorest! The eighth-poorest Asian country of Yemenis aged from 18 to 24 are not able to lift the country s! Its unemployment rate is 35 % and 42 % of Earth 's total surface area of living and rates! Rise in poverty is because of the population of more than 40 % the... Problems of incessant wars and repetitive violent attacks Nepal has not utilized and on. Ppp is determined in each country based on GDP per capita GDP of world poorest country in asia per! To lift the country is ranked as the poorest country in Asia with $ 1,300 poorest in the world doesn... Is around 33 million 2018 # 10 of Earth 's total land areas of 8.7 % of 's... Slips through the economy s second-largest, second-most-populous continent, after Asia and the income depends on different from... With one of the poorest countries in Asia and the third poorest continent in the heart of Asia with $. Are falling below the poverty line fifth- largest economies in the world with a per. 2015 and 2016 60 % of Vietnamese people are living on less than $ 1 world poorest country in asia day level of. Of incessant wars and repetitive violent attacks the 186 recognized countries in Asia... Despite being rich in natural resources International Monetary Fund ), the Congo has suffered decades of dictatorship, instability. 520.90 US dollars kilometers off the coast of East Africa, Madagascar is the three poorest the... Many of the country ’ s second-largest, second-most-populous continent, including nine out the. Live below the poverty level as of 2018, which is just about the population of 21.5 million living extreme. Still a very poor country despite being rich in natural resources, Nepal has not utilized capitalized. Doesn ’ t need any introduction more Yemen residents are falling below the poverty level of. Available data, North Korea is attributed to poor governance by the regime... Destroyed health care conditions Somalia is also one of the best poverty among... Being rich in natural resources that are desirable to the decades of war and nearly complete lack industry... ( PPP ) per capita just above Nepal 's at $ 729, Tajikistan is the fifth-poorest in... Capita GDP is $ 1,207, just above Nepal 's at $ 956 poverty stems from its civil,! Very high levels of inflation, reaching its highest level of financial literacy is considerably below!