Finance

Which Country Is the Poorest in the World Based on Latest Data

Based on the most recent public data from the International Monetary Fund and the World Bank, the Central African Republic consistently ranks as the poorest country in the world...

Mara Ellison
Which Country Is the Poorest in the World Based on Latest Data

Which Country Is the Poorest in the World

Based on the most recent public data from the International Monetary Fund and the World Bank, the Central African Republic consistently ranks as the poorest country in the world by GDP per capita. The nation's nominal GDP per capita remains the lowest globally, reflecting decades of political instability, conflict, and weak institutional development that have constrained economic growth and private investment. The World Bank classifies the Central African Republic among the fragile and conflict-affected states where poverty reduction remains the most challenging policy priority.

In the latest available IMF World Economic Outlook database, the Central African Republic's GDP per capita is significantly below that of other low-income countries, placing it at the bottom of global rankings. The country's economic output is heavily dependent on agriculture and extractive sectors, with limited diversification, weak infrastructure, and a small formal private sector. These structural constraints, combined with a high burden of external debt and low human development indicators, keep the nation at the bottom of the global wealth comparison.

Key Economic Indicators and Ranking

The World Bank's most recent country profile for the Central African Republic shows a GNI per capita and GDP per capita that place it among the lowest in Sub-Saharan Africa and globally. The International Monetary Fund's World Economic Outlook and the World Bank's Open Data portal provide the latest figures used to rank the Central African Republic as the poorest country in the world, with per capita income far below the global average and even below many other fragile states.

Global rankings from the IMF and World Bank consistently place the Central African Republic at the bottom of the GDP per capita list, ahead of only a handful of other low-income economies such as South Sudan and Burundi. The country's ranking is driven by low productivity, limited access to credit and banking services, high inflation, and a large informal economy. The World Bank's Poverty and Equity data portal and the IMF's Regional Economic Outlook for Sub-Saharan Africa provide detailed tables and charts that document these rankings.

Drivers of Poverty and Outlook

Key drivers of poverty in the Central African Republic include prolonged armed conflict, displacement, a weak tax base, and heavy reliance on foreign aid and remittances. The World Bank's Country Partnership Framework and the IMF's Article IV consultation reports highlight that the government's fiscal space remains extremely narrow, limiting investments in health, education, and infrastructure that are critical for long-term growth and poverty reduction.

The economic outlook for the Central African Republic depends heavily on peace and stability, as well as on reforms to improve the business environment and attract investment. The World Bank and the International Monetary Fund continue to provide policy advice and financing to support macroeconomic stability, debt sustainability, and social protection. For more on the World Bank's work in the Central African Republic, see https://www.worldbank.org/en/country/centralafrica/overview, and for the latest IMF data, see https://www.imf.org/en/Countries/CAF.

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