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HomeBreaking NewsPOOREST COUNTRIES: DRC Among The 10 Poorest Countries In The World

POOREST COUNTRIES: DRC Among The 10 Poorest Countries In The World

The Democratic Republic of Congo, the biggest country in Sub-Saharan Africa, has been ranked among

According to the 2023 assessment by the IMF, the DRC faces profound economic challenges despite its wealth in natural resources like cobalt and copper.

Most of the population lives in poverty, with around 62 percent of Congolese living on less than $2.15 a day.

Malnutrition, limited access to education and healthcare, and high fertility rates further exacerbate the country’s poverty and development constraints.

IMF uses different indicators to arrive at the assessment. The GDP per capita only tells part of the story. That’s because the cost of living and inflation rates can vary a lot from one country to another. That is where PPP penetrates to make a fair comparison. PPP stands for Purchasing Power Parity and considers the local costs and inflation rates to give a more accurate picture of the standard of living in different countries.

Some countries might have artificially inflated GDPs due to being tax havens. So, in GDP per capita ranking 2023, GDP per capita PPP is a helpful tool to pinpoint the poorest countries in the world.

The DRC GDP is $42.6 billion with an estimated population pegged at 102,553,019.

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