Poorest countries in world: Pakistan ranks 52nd in IMF list

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Digital Desk

2 years ago

According to the International Monetary Fund’s (IMF) report of poorest countries, Pakistan ranked 52nd, with Bangladesh trailing behind at 62nd and India at 63rd.

The International Monetary Fund (IMF) has issued a report about the world’s poorest countries based on GDP per capita adjusted for purchasing power parity (PPP).

As per the IMF report, Nepal remained the poorest country in South Asia, ranked 40th on the list.

South Sudan tops the list, with a per capita GDP of $492.72, making it the world’s poorest nation. The country’s poverty is mostly caused by political instability, recent conflict, and a lack of infrastructure.

On the other hand, Luxembourg is the world’s wealthiest country, with an astounding GDP per capita of $145,834. Ireland, Singapore, and Qatar follow closely behind.

A noteworthy trend highlighted in the IMF report is the prevalence of African nations among the world’s top ten poorest countries. Burundi ranks second behind South Sudan, with a per capita GDP of $936.42, followed by the Central African Republic ($1,140.00).

Other African countries featured in the IMF report include the Democratic Republic of the Congo ($1,570.00), Mozambique ($1,650.00), Malawi ($1,710.00), Niger ($1,730.00), Chad ($1,860.00), Liberia ($1,880.00), and Madagascar ($1,990.00).

These countries, primarily in Sub-Saharan Africa, struggle with limited resources, fast population expansion, and a large reliance on agriculture, making them vulnerable to poverty.

Digital Desk