According to the Human Development Index, Niger is the
Introduction. Africa remains the most underdeveloped among the comity of continents across the world. It contains over 70% of the least developed countries (LDCs) in the world.
The Least Developed Countries Report 2022, on the theme low-carbon transition and its troubling implications for structural transformation, provides an insight of many aspects of the world's most impoverished countries.
The 46 countries currently on the list of LDCs includes: Afghanistan, Angola, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, Haiti, Kiribati, Lao People's Dem.
Africa is considered the poorest continent on Earth. Almost every second person living in the states of sub-Saharan Africa lives below the poverty line. Particularly affected by poverty in Africa are the weakest members of society, their children and women.
Ukraine is the poorest country in Europe, with a GNI per capita of $3,540, while Moldova is the second poorest country with $4,570, Albania the third, with $5.210, the Republic of Macedonia comes fourth, with a GNI of $5,720, and Bosnia and Herzegovina the fifth poorest, with $6,090.
Africa is currently the least connected continent in the world and about $100 billion worth of investments are needed to boost capacity.
Israel's quality higher education and the establishment of a highly motivated and educated populace is largely responsible for ushering in the country's high technology boom and rapid economic development by regional standards.
Least free were Syria (3.79), Venezuela (3.80), and Yemen (4.30). The components on which the index is based can be divided into economic freedoms and other personal freedoms. Highest ranking in economic freedoms were Hong Kong (8.91) and Singapore (8.71).
New Zealand is known around the world for its high quality of living and slow pace of life.
Savings as percent of GDP, 2021 - Country rankings:
The average for 2021 based on 137 countries was 23.14 percent. The highest value was in Qatar: 51.43 percent and the lowest value was in Sierra Leone: -2.98 percent. The indicator is available from 1960 to 2021.
Luxembourg, the richest country in Europe
Luxembourg has a per capita GDP of $128,820 (IMF, 2023), making it the wealthiest country in Europe. The country is famous for its strong financial sector. Many international banks and investment firms are based in the capital of Luxembourg.
Bear in mind, however, that Europe is a relatively highly developed region. Some of the countries on the list are above, or in-line with, the global average in development.
Low Countries, also called Benelux countries, coastal region of northwestern Europe, consisting of Belgium, the Netherlands, and Luxembourg.
There are regional differences in terms of wealth distribution in the world. North America, Europe, and Asia-Pacific are the regions with the highest levels of economic development, while Africa and parts of Asia and South America are the regions with the lowest levels.
Understanding Fourth World
These countries included impoverished former European colonies and all the nations of Africa, the Middle East, Latin America, and Asia.
What is the Fourth World? The Fourth World is a word for identifying the world's most underdeveloped, poverty-stricken, and oppressed areas. Many of these nations' inhabitants have no political connections, who are often hunter-gatherers living in nomadic societies or are part of tribes.