Poorest Countries of 2012

Bangalore:  When we all are bothered about progress and richness in the present millennium, we often forget to look at those who are down the line. We may be familiar with the richest countries of the world but we should also be aware about the poorest countries in the world. The reasons for their poor condition can give an insight to the growing issues in our country too.

1. 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.

2. 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.