Poorest Countries of the World: Projections upto 2018

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1 Poorest Countries of the World: Projections upto 2018 By Dunya News Author: Anis uddin Shiekh December 2013 Copyright Dunya News

2 1 Introduction Poverty is multi-dimensional in its forms and manifestations. The ranking of countries on the basis of poverty by international organizations use various factors like quality of living, health, longevity of age, income, knowledge etc to rank a country as rich or poor. National governments of developing countries sometimes dispute the figures that define how rich or poor a country is by challenging one or the other indicator of poverty. The following report is an effort to define poverty by using Per Capita GDP and the population, figures that the governments rarely dispute. The report includes a list of countries in descending order to determine the poorest countries in the world.more importantly, the report also has a position projection on the basis of the statistical data available to us for the year If used by decision makers, the report could be helpful in evolving policies for reducing poverty and improving the quality of life for millions of people. Methodology It is a challenging task to preciselyassess the true extent of poverty. However, statistics become extremely valuable in such conditions. In this report,the Per Capita GDP has been used as a base indicator for the simple reason that the calculations for this particular figure involve the Gross Domestic Product and the population of the country as well. We have then sorted the data of 186 countries from the poorest to the richest. So, if the list is read upside down, it would be the list of the richest countries of the world thataccording to the available figures, is Luxemburg. Malawi gets the undesirable position of being the poorest country in the world. Data Source: All data has been extracted from IMF SEO database.

3 Poorest Countries in the world (based on PER Capita GDP) 2 1 Malawi Democratic Republic of the Congo Burundi Niger Central African Republic Madagascar The Gambia Liberia Ethiopia Eritrea Guinea-Bissau Guinea Uganda Afghanistan Mozambique Togo Mali Burkina Faso Tanzania Nepal Rwanda Sierra Leone Zimbabwe Haiti Benin Bangladesh Myanmar Comoros Cambodia 1, Kenya 1, Tajikistan 1, South Sudan 1, Mauritania 1, Senegal 1, Côte d'ivoire 1,175.16

4 Poorest Countries in the world (based on PER Capita GDP) 3 36 Chad 1, Cameroon 1, Kyrgyz Republic 1, Lesotho 1, Pakistan 1, India 1, Lao P.D.R. 1, Yemen 1, Sudan 1, Zambia 1, Kiribati 1, Djibouti 1, São Tomé and Príncipe 1, Nigeria 1, Ghana 1, Nicaragua 1, Uzbekistan 1, Vietnam 1, Solomon Islands 1, Moldova 2, Papua New Guinea 2, Honduras 2, Bolivia 2, Philippines 2, Bhutan 2, Vanuatu 3, Egypt 3, Sri Lanka 3, Armenia 3, Morocco 3, Micronesia 3, Tuvalu 3, Republic of Congo 3, Marshall Islands 3, Guatemala 3,481.64

5 Poorest Countries in the world (based on PER Capita GDP) 4 71 Swaziland 3, Indonesia 3, Georgia 3, Samoa 3, Ukraine 3, Mongolia 3, Guyana 3, El Salvador 3, Cape Verde 3, Albania 4, Tunisia 4, Paraguay 4, Tonga 4, Fiji 4, Belize 4, Bosnia and Herzegovina 4, Islamic Republic of Iran 5, FYR Macedonia 5, Timor-Leste 5, Jamaica 5, Jordan 5, Namibia 5, Algeria 5, Dominican Republic 5, Thailand 5, Angola 5, Serbia 6, Ecuador 6, Iraq 6, China 6, Maldives 6, St. Vincent and the Grenadines 6, Peru 6, South Africa 6, Dominica 6,992.47

6 5 Poorest Countries in the world (based on PER Capita GDP) 106 Turkmenistan 7, Montenegro 7, Bulgaria 7, Belarus 7, Botswana 7, Grenada 7, Colombia 7, St. Lucia 8, Azerbaijan 8, Romania 8, Suriname 9, Mauritius 9, Costa Rica 10, Malaysia 10, Lebanon 10, Turkey 10, Libya 10, Panama 10, Brazil 10, Mexico 11, Argentina 11, Venezuela 12, Gabon 12, Kazakhstan 13, St. Kitts and Nevis 13, Hungary 13, Croatia 13, Poland 13, Seychelles 13, Antigua and Barbuda 13, Palau 14, Latvia 14, Russia 14, Barbados 15,293.92

7 Poorest Countries in the world (based on PER Capita GDP) Chile 16, Uruguay 16, Slovak Republic 17, Estonia 18, Czech Republic 18, Trinidad and Tobago 20, Portugal 20, Taiwan Province of China 20, Greece 21, Malta 22, Equatorial Guinea 22, Slovenia 22, The Bahamas 23, Korea 23, Bahrain 24, Saudi Arabia 24, Cyprus 24, Oman 25, Spain 29, Italy 33, Israel 34, Hong Kong SAR 38, United Kingdom 39, Japan 39, New Zealand 40, Brunei Darussalam 40, France 42, United Arab Emirates 43, Germany 43, Iceland 45, Belgium 45, Finland 47, Netherlands 47, Kuwait 47, Ireland 47,881.66

8 7 Poorest Countries in the world (based on PER Capita GDP) 176 Austria 49, Canada 51, United States 52, Singapore 52, Sweden 57, Denmark 57, Australia 64, Switzerland 80, Norway 101, Qatar 104, Luxembourg 110,573.00

9 8 Changes from Last year: Malawi has replaced Democratic Republic of the Congo at the summit of the poorest countries list from last year. Central African Republic has lost two places to feature at the top of five poorest countries in the list. The richest countries at the bottom five of the list remain unchanged from last year. Germany has climbed three and France two places, while UK is four places richer than last year at 168. United States has improved by one place in the corresponding time frame. South Asian Perspective Both Afghanistan and India are four places poorer than last year. Pakistan has improved its rating by one place and is now on 40 th place. Bangladesh retains its place as the 26 th poorest country of the world. While Afghanistan remains the poorest in the region to stand at 14 th position, Sri Lanka is the richest at 63 rd position Outlook 2018 Malawi is likely to remain the poorest country of the world even after 5 years. Gambia would take the 5 th position. Luxemburg would remain the richest country in the world, while Sweden is likely to replace Australia as the fifth richest country in the world in five years time. United States can improve by one degree only and United Kingdom by four places. Troubled Greece would climb three places to feature at 152. Data predicts that Pakistan is on its way to lose significant ground and would be 29 th poorest country in the world by 2018, next to Bangladesh at 28 th position with a possible improvement of two grades. India is expected to improve its place on the list by three grades to reach 41 st. Afghanistan is expected to continue the decline to reach the 10 th position on the list. Contacts Dunya News Islamabad Bureau: Plot number 11, Mauv Area, Near PID, Zero Point Islamabad Phone: Dunya News Head Quarters: 8a Abbot Road Lahore, Pakistan Phone:

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