~ Poorest Countries of 2012 ~

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Zimbabwe:



Zimbabwe occupies the first place among the poorest countries in the world. The economy of this country faces many threats and adversities. Hyperinflation, unemployment, corruption and poverty considered as the major hindrances in country’s growth. Zimbabwe has a mixed economy and the public sector of this country is a dominating one.

This African country’s GDP/capita is only about $200. The country proclaimed independence from the British colonial rule in 1965 and the independence is internationally recognized by 1980. English, Shona and Sindebele are official languages of this country. Zimbabwe’s population is 12,521,000 as per 2009 estimations. Harare is the capital and largest city of this country.

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Chad:



Chad comes at the second place in the list of top ten poorest countries. Political instability and huge corruption are the reasons for the ill condition of this country. The GDP of this African country in 2012 is just about U.S. $19.6 billion.

The country is sometimes called as the "Dead Heart of Africa” because of its distance from the sea and largely desert climate. N'Djamena is the capital of this country and estimated population of this country in 2009 is 10,329,208. Most residents in this country are survived as herders and farmers.

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Burundi:



Burundi finds the third place in the list of top ten poorest countries of the world in 2012. Burundi got independence from Belgium in 1962. Burundi has a very low GDP. The country has civil wars, poor access to education and high corruption rate. Further, the consequences of HIV/AIDS, lack of economic activity, poor legal system and its landlocked geography are the major reasons for its poor condition.

The population here is 10,216,190 as per 2011 estimations. Bujumbura is the capital of this country and Kirundi and French are official languages here.

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Liberia:



Liberia holds the fourth position in the list. This is a West African country with the population of 3,786,764. 85 percent of people in this country are living below international poverty line. The country is now on its way to progress from the relentless effects of the civil war and related economic disruption.

Monrovia is the capital of Liberia. The country got independence from the American Colonization Society in 1847.

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Guinea Bissau:



Guinea Bissau comes on the 5th place in the list of poorest countries in the world. This West African country has a low GDP of $600. Guinea-Bissau was part of the kingdom of Gabu and the Mali Empire once. Bissau is the capital of this nation. The country was a colony of Portugal and the country declared freedom in 1973 though it was recognized only in 1974. The human development index of this country is also very low comparing to other countries. The country has the population of 1,647,000 as per 2010 estimations.

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Somalia:



Somalia, formerly known as Somali is at 6th place in the list poorest countries. It is located in the eastern most part of Africa and considered as one of the most violent and poorest states in the world. The Civil War took place in the country in 1991 and after the war there no central government control over most of the country’s territory. The 2 years of war and the unstable government created an informal economy mainly by remittance companies, livestock and telecommunications and this stands as a major check to its growth. Mogadishu is the capital of this country and the population is 10,085,638 as per 2012 estimates.

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Central African Republic:



Central African Republic can be positioned at the 7th place on the list. Surprisingly, Central African Republic has a good amount of natural resources like crude oil, gold, diamonds, lumber and hydropower but still the country remains as one of the poorest countries of the world. The Human Development Index of this country is just 0.343.

The country got independence from the colonial rule of France in 1960. Central African Republic’s GDP is $700 and the annual GDP growth is just over 3 percent. 4,422,000 is the population of this country as per 2009 estimates and Bangui is the capital state.

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Eritrea:



Eritrea holds the 8th place in the top 10 list . This country has faced many invaders and colonizers that include Italy, UK, Ethiopia, etc. Eritrea lies in ‘the horn of Africa’ and the economy of this country is mainly based on Agriculture. Though 80 percent of its population is engaged in agriculture the total output of the country is very small. As per 2011 estimations the population of the country is 5,824,000. Asmara is the capital of Eritrea.

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Niger:



Niger finds the 9th position in the list of poorest countries. The country is named after the Niger river. Niger is the largest nation in Western Africa but 80 percent of its land is covered by Sahara desert. Niger got independence from France in 1960. Niamey is the capital city of the country and the country’s population is 15,730,754 as per 2011 estimations. Though the GDP/capita of the country is just $700, it is a developing country.

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Sierra Leone:



Sierra Leone is placed at the 10th in the list of poorest countries. It is really unbelievable that after being one of the largest producers of diamonds, titanium, bauxite and gold, about 81 percent of its population are living in poverty at present. Sierra Leone also occupies the third largest natural harbor.

As per 2012 estimations, country’s population is 5,485,998. Freetown town is the capital of the country. The country was a colony of Britain and in 1961 country got its independence.