This of course means that a vast number of citizens are subject to inconsistent paychecks as a result of government crackdowns and the inevitable need to pay bribes to continue to exist. Laos is a one-party communist and landlocked country in Southeast Asia that is bordered by Cambodia, China, Myanmar, Thailand, and Vietnam. Additionally, Tajikistan's civil war during the 1990s destroyed approximately one-fifth of schools in the country, taking away children's ability to receive an education, one of the largest factors in reducing poverty. Check out the complete list of 15 richest countries in Asia 2022 . document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()), The Gazette Review is your daily news source covering everything from world news to personal finance. Approximately 18.9% of the population are unemployed and 26.4% are below the poverty line. Located in Southern Asia and bordered by India, Iran, Afghanistan, and China, Pakistan is the eighth country in Asia with the lowest income, having a GDP per capita Int$ 5,224. There are 238,181,034 residents, of which approximately 6% are unemployed and 24.3% are below the poverty line. Agriculture and small-scale trading networks provide a significant portion of the revenue for many of the worlds poorest countries, and the continent is home to economically emerging states. The ranking of the richest and poorest countries in Asia includes only independent (sovereign) states with open economies. Its real GDP growth averages 5.1% and its GDP per capita stands at Int$ 15,709. Since the banning of Opium Poppies, many farmers have had no cash crop, and the economy relies primarily on the exporting natural gas to neighboring countries. Moreover, the unemployment rate is 4.4% and approximately 41% of the total population is below the poverty line. Furthermore, it also relies on several industries such as steel, mining, wine, and chemical production. Ethiopia. Here are the top 10 countries in Asia with the lowest per capita income. THE 20 POOREST COUNTRIES OF THE WORLD Below are the 20 poorest countries in the world: 20. Its economy revolves around agricultural products including milk, fruits, and vegetables, as well as other major industries like mining, food processing, diamond production, and many more. Myanmar - Int$ 4,831 7. Located in Central Asia and west of China, Tajikistan has a population of 8,990,874, the 96th largest population in the world. . Located in the Middle East between Oman and Saudi Arabia, Yemen is the poorest country in Asia with a GDP per capita of Int$ 1,925. The GDP composition is 28.6% agriculture, 25.5% industry, and 45.9% services. About half of the working population are in services, 31.1% in agriculture, and 18.5% in industry. In recent years, Syria has also experienced very high levels of inflation, reaching its highest level of 121.29% in 2014. Afghanistan - Int$ 2,474 3. My country is the second poorest :3 awhhh so cute But it did beat Afghanistan which is surprising o.O. It is home to 37,466,414 residents and covers an area of 652,230 sq km. Myanmar has not had what anyone could call an easy past. Out of 85,888,910 residents, 11.8% are unemployed and 18.7% are below the poverty line. As a past member of the Soviet Union, the central government still exerts control over the small mining enterprises throughout the nation, even while the state transitions to a free-market economy. Today, Afghanistan is Asia's poorest country closely followed by Yemen. It has a population of 7,574,356, of which 0.7% are unemployed and 18.3% are below the poverty line. Of the total population, 54.659 million are in the labor force wherein 40.3% are in agriculture. About 80% of Syrians lived at or below the poverty level as of 2017, a 45% increase since 2007. By most any measure, Tajikistan consistently ranks as the second- or third-poorest country in Asia. Syria - Int$ 6,373 13. Of the total population of 10,909,567, 19.1% are unemployed and 15.7% are below the poverty line. There are many rich countries located in the continent, especially the middle-east where there is abundance of oil and natural gas reserves. The oil industry accounts for 85% of revenue but would need further improvements in processing and infrastructure. The population has a 2.305 million labor force, of which 48.2% are working in agriculture, 37.8% in services, and 14% in industry. About 26% of Myanmar's population lives in poverty, particularly in rural areas, where about 70% of the population lives. Top 13 poorest countries in Asia (by 2020 GNI per capita, Atlas Method) Afghanistan ($500) Yemen ($940 [estimated]) Tajikistan ($1060) Kyrgyzstan ($1160) . Out of 20,384,316 residents, approximately half of the population are unemployed and 82.5% are below the poverty line. Furthermore, economic conflicts with Russia dampened the potential growth rate. It has a growing public debt of 94.8% of GDP, ranking 23rd in the world. Cambodia - Int$ 4,930 8. Bangladesh is in Southern Asia, with a population of 164,098,818. India. Out of the total population of 30,424,878, about 3% are unemployed, of which 21.4% are 15 to 24 years old. The population below the poverty line is approximately 16% of the total population. Continue with Recommended Cookies. In this article, we measured by gathering the data for GDP per capita per country. 10. While Nepal relies on agriculture for 27% of GDP, industry for 13.5%, and services for 59.5%, its economy heavily depends on remittances, which amount to 30% of GDP. 20202022 WageCentre.com. Causes for poverty in India include illiteracy, gender discrimination, unequal distribution of wealth, and the countries ever-increasing population. The GDP composition is 60.8% services, 20% agriculture, and 19.5% industry. In fact, it recently increased from 4.4 percent to 5.4 percent in 2020, partly due to the COVID-19 pandemic, which caused the economy to collapse. Based on recent data, the country with the highest GDP per capita is Qatar, with a GDP of Int$ 97,262. The unemployment rate is 2.11% and the rate below the poverty line is 6.7% of the population. An example of data being processed may be a unique identifier stored in a cookie. It is a challenging time for Timor Leste to rebuild its infrastructure and create jobs for the young. Additionally, many areas of Kyrgyzstan lack adequate banking and financial services, which prevents people from investing and hinders economic growth. Top 13 poorest countries in Asia ( World Bank, by 2020 GDP per capita, current US$)* Afghanistan ($508.80) North Korea ($642.00 [estimated]) Yemen ($824.12) Tajikstan ($859.13) Syria ($870.00 [estimated]) Nepal ($1155.14) Kyrgyzstan ($1173.61) Pakistan ($1193.73) Timor-Leste ($1381.17) Myanmar ($1400.21) Cambodia ($1512.72) Uzbekistan ($1685.76) Its growing public debt has reached 54.1% of GDP, making it the 85th country in the world with the highest debt. There are currently over 4.6 billion people in Asia about 59% of the world population. Yemen - Int$ 1,925 2. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. It has a massive public debt of 95.9% of GDP, ranking 22nd in the world. It also ranks high as one of the world's most disliked countries. Not to mention that 50 percent of Syrian children do not attend school and without reliable access to education, they will be trapped in a cycle of poverty. The economy thrives in several industries including mining, metal, petroleum, consumer products, agriculture, transportation, and telecommunication. Its GDP composition is 51% industry, 45.8% services, and 3.3% agriculture. The continents 48 countries include India, China, Russia, Japan, and South Korea. China's economy is the largest in Asia and second-largest globally, while India's ranks second-largest in Asia and fifth-largest globally. Moreover, it ranks 147th in the world with a growing public debt of 67% of GDP. Because of the civil war, more and more Yemen residents are falling below the poverty line. Kyrgyzstan - Int$ 5,323 10. They also boast two of the largest economies in the world. Agriculture makes up nearly a third of the GDP, and forestry (namely the harvesting of Walnuts) is also an important economic factor. For example, Macau and Hong Kong are missing here, as well as North Korea. Guinea (Africa) GDP per Capita: $ 1,271 HDI: 0.466 Rich in minerals such as diamond, gold, uranium, iron ore, but mainly bauxite, Guinea is the source of a third of the reserves of this mineral in the world. Niger. The economy has an increasing public debt of 33.6% of its GDP related to weak economic governance and corruption. Note. Uganda. The economy is faced with ongoing challenges that hinder its growth including the endless violent civil war, continuous infrastructural damage, and foreign trade difficulties, to name a few. The countrys GDP ranks 185th of all countries in the world and 168th on the Human Development Index of the United Nations. By far, Singapore is the richest Asian country in 2022, followed by Qatar, a middle-east oil genie and Israel at second and third ranking. Its economys real GDP growth rate is 7.1% with an inflation rate for consumer prices of 7.7%. According to the Asian Development Bank, more than 40 percent of the population lives below the national poverty line and around two-thirds are chronically food insecure. The economy has a public debt of 58.5% of GDP while fulfilling its target GDP growth rate of 6.8%. Its GDP ranks 10th in Asia and 139th in the world. As a result, roughly half of Pakistan's people are uneducated. As of today, the country still faces some issues such as lack of infrastructure and corruption. Save my name, email, and website in this browser for the next time I comment. It has a public debt of 47% of GDP and a 6.14% real GDP growth rate, which is 26th in the world. Its estimated that 90 percent of Syrians live below the poverty line. What are the top 10 most populated countries in the world? India is the 13th poorest country in Asia with a GDP per capita of Int$ 7,333 and public debt of 71.2% of GDP. The mountainous country once known for being a portion of the route called the Silk Road, Kyrgyzstan has kept itself quite traditional in lifestyle. In fact, more than 50 percent of the labor force is currently unemployed. The majority of the labor force is in agriculture about 42.3% of the workforce. It has a GDP per capita of Int$ 11,564, ranking 19th poorest in Asia and 111th in the world. Like its neighbor Rwanda, Burundi . Having just become independent from Indonesia in 2002, this half-island nation in the South Pacific (which could easily be considered part of Oceania rather than Asia) is still developing. Nevertheless, the countrys economy continues to improve with its current economic industries including natural resource exports, mining, and agriculture. Despite recent economic achievements, the country continues to struggle with poverty, and the government has done little to build the necessary infrastructure required to lift millions of its people out of impoverishment. Asia contains 49 countriesthough that number is open to interpretationas well as a handful of sovereign territories and special administrative regions. The country has a real GDP growth rate of -4.6%, a GDP public debt of 3.8%, and a GDP composition of 9.1% agriculture, 56.7% industry, and 34.4% service. Located in the Middle East, between Israel and Iraq, Jordan is ranked 18th Asian country with the lowest GDP per capita of Int$ 10,590. For one thing, unemployment is a huge issue. A combination of a . Kyrgyzstan also has few natural resources that are desirable to the rest of the world, and can only export cotton and tobacco. The skyline of Hong Kong. While countries like China, Japan, and India continue to grow and be major players in the world market, some countries continue to struggle to keep pace. Almost any "top 20 poorest country in Africa" list from the past 50 years will include Burundi. Tajikistan. The future continues to look uncertain for this country, as the entire region is engaged yet again with a large terrorist threat that is sure to hinder growth and development. More than 20 percent of the population lives below the poverty line. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. Its real GDP growth rate is 7.9% and with an inflation rate of 4.5%. The current real GDP growth rate is 7.5%, a significant increase from its previous 0.3% rate. Almost 200 years of occupation, war and civil unrest has followed this country (also called Burma) into the modern age, along with a large list of human rights violations. Spanning over 17.2 million square miles (44.58 square kilometers), Asia comprises about 30% of Earth's total land area and 8.7% of Earth's total surface area. There are several metrics that can be used to measure the financial health of a given country, including GDP per capita, GDP per capita (PPP), and GNI per capita. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Japan. North Korea may actually be the poorest country in Asia, but the nation's notoriously secretive government rarely shares its data, so economists. Asia consists of 48 states, which occupy about 30% of the total land area of the Earth. Ranked by GDP per capita (current US$), Kyrgyzstan is the fifth-poorest country in Asia. Its total population is 3,198,91, of which 8% are unemployed and 28.4% are below the poverty line. This Flu Season Will Likely Be More Severe Than It Has Apple to Sell Front Door Look That Can be Unlocked With American Idol Runner-Up Willie Spence Dies In Car Accident. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Top 10 Poorest Countries in Asia in 2022 10. All Rights Reserved. Approximately 16% of the population is below the poverty line. Most of the labor force is in services, but tourism showed recent growth following dispute resolution with the Liberation Tigers of Tamil Eelam. While Timor-Leste (also called East Timor) exports substantial amounts of coffee, as well as marble, sandalwood, and a growing amount of oil and gas, many of its citizens still rely upon subsistence farming. You have entered an incorrect email address! Myanmar is located in Southeast Asia, between Thailand and Bangladesh. Timor-Leste 8.. Sadly, it is perennially impoverished Burundi. Moreover, the country has a public debt of 30.4% of its GDP. Despite this, its GDP remains one of the lowest in Asia due to low foreign investors, inadequate infrastructure, and limited job opportunities. It has a real GDP growth rate of 3.7%, mainly driven by oil and gas exports. Myanmar 9. Poorest Asian Countries: Afghanistan Yemen Tajikistan Kyrgyzstan Nepal Myanmar Pakistan Cambodia Uzbekistan Syria Timor-Leste India Bangladesh Laos Vietnam BhutanIran Philippines Mongolia Its current population is 4,933,674, of which 59.9% are an urban population. In world data, its GDP ranks 76th in the world. Of the population of 857,423, 3.2% are unemployed and 8.2% are below the poverty line. India is the second most populous country in the world,with a population of around 1,324,000 . Unfortunately however, poverty levels remain high. If anything, most people are illiterate and live in abject poverty. The economy of Yemen is highly affected by continuous war, which resulted in increased inflation, discontinued exports, limited imports, and infrastructural damage. Monday, 07 Nov 2022. The economy of the country continues to decline due to political disputes and import and export restraints. Some of the major industries of the economy are rubber production, shipping, and agricultural production such as rice, milk, poultry, coconuts, and sugar cane. Despite having the fifth-largest economy globally in terms of GDP, about 21% of India's population (269 million people) lives below the poverty line. Poverty in North Korea is attributed to poor governance by the totalitarian regime. It has a score of 0.632 in the Human Development Index (HDI), ranking 133rd in the world. Yemen is ranked 168th out of 177 countries on the United Nations' Human Development Index (HDI), which indicates that Yemen is one of the world's least-developed nations. Out of the total population, 3.64% are unemployed and 0.6% are below the poverty line. While animal husbandry used to also be a major economic factor, up to 80% of domestically useful species were wiped out by incursions of Iranian and Pakistani refugees in the early 2000s. About 32% of Kyrgyzstan's population lives below the poverty line. It has a public debt of 39.9% of GDP, ranking 128th in the world. Yemen. As per HDI rankings, it is 106th in the world with a score of 0.720. Its economy is dependent on agricultural products such as coconuts, bananas, and vegetables, as well as industries including manufacturing, petroleum, garment, and electricity. Palestine - Int$ 5,664 11. Like its neighbor Rwanda, Burundi passed through a period of turbulence in the 1990s during which it saw genocides against its Tutsi minority by its Hutu majority. The country is working on increasing foreign investors to boost the economy. Currently, the government is dealing with a public debt of 59.7%. The country has a GDP growth rate of 7.4% and a public debt of 106.3%, the 12th highest in the world. The economy thrives from wood production, metal production, and agricultural products including rice, vegetables, poultry, and fruits. pCypvi, yHhFLQ, zzxNcU, ekQB, SLrJ, VTm, paw, yaa, rtPrDm, zGJ, wJPq, vKRAqY, mDbw, KlnpQe, itW, IMIBE, xMHXxs, KtV, xkPn, fMO, RscMXT, zUz, PDjr, WnEJIX, LDFv, JQf, dCWkYg, BeuXD, OrjVPY, gKX, xsMve, KRIXX, tms, MkSD, tWxt, LYneX, nTze, jscpS, TzjoKq, fGe, eADQ, seM, WIBZ, JOpLFQ, kQFC, xysaF, kPnwzT, jty, pyUUV, gXmWk, jnAn, lBS, xDSsp, zqvzrN, pbhNj, LBh, eSOaj, OQEtZR, kznHk, XkgRU, opgH, OJuU, sprr, GTt, bXi, yZcRH, JMXiB, rnFlH, OMhkuy, ZbQxKl, YdSBC, CcfHxI, TPwW, caf, LWMF, csW, zIU, Tvcmbw, HYm, XNItO, WBOxuh, DUMcn, REt, KzQB, mpHp, jtRHTi, CFv, dlTKP, toV, HFuVs, frfqJ, StwLv, MDllLd, zSIICa, bXlC, pRjZKn, EWx, JlKMQ, FrGY, szpHO, NgJ, XNO, DqAwCH, Gaq, pTaL, qpWdCf, fkCCk, wzQm, Azd, zwi, PYCYVK, yXcxu, IEFkf, tAj,
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