When it comes to rating poor countries in the world, a number of factors are considered. These include political crisis, lack of basic infrastructure, low standards of living and bad economic situations.
The poorest country in the world is Burundi. Burundi is located on the African continent. It currently has a Gross Domestic Product (GDP) of $263.67.
The country falls in the category of the Least Developed Countries (LDC) as considered by the United Nations (UN). This is because Burundi is a low-income country that is undergoing harsh impediments to its development. It also has no protection against environmental and economic shocks.
The reasons for Burundi’s as the poorest country has been attributed to the fact that 90% of its population are subsistence farmers. Also, years of civil war has torn away the economic structure of the country and also scared foreign investors away. Due to that, 75% of people in Burundi live below the poverty line.