- Madagascar
Total GDP (in billions): $14.5
GDP Per Capita: $501
5 Year CAGR: 1.9%
Madagascar is an island nation located in the Indian Ocean, off the eastern coast of Africa. It is known for its unique flora and fauna, which includes a number of species found nowhere else in the world. Madagascar, which is dependent on both tourism and agriculture, has seen 90% of its forests disappear in addition to seeing over a fifth of the country burning every year from agricultural fires which has resulted in severe environmental degradation. Madagascar has some mineral resources, including coal, oil, and natural gas.
- Lesotho
Total GDP (in billions): $2.5
GDP Per Capita: $1,o94
5 Year CAGR: 1.6%
Lesotho is a small, landlocked country located in Southern Africa. Lesotho is known for its natural resources, including water, which is a major source of revenue for the country through the export of hydroelectric power. However, Lesotho has also faced a number of challenges, including political instability, conflict, and a lack of infrastructure. The country has a high poverty rate, with more than three-quarters of the population living below the poverty line. Lesotho has been plagued by slow economic development and political instability.
- Afghanistan
Total GDP (in billions): $14.8
GDP Per Capita: $369
5 Year CAGR: -4.8%
The International Monetary Fund (IMF) estimates that Afghanistan’s economy contracted by approximately 50% between 2001 and 2020, and that the poverty rate rose from 35% in 2001 to 60% in 2020. The Taliban returned to governing Afghanistan last year after the U.S. occupation, which lasted 20 years, ended without any significant progress made while trillions of dollars were spent. With sanctions being implemented on the Taliban because of their decisions which are against Western values, Afghanistan’s economy is likely to shrink further in the coming years.
- Syria
Total GDP (in billions): $11.1
GDP Per Capita: $533
5 Year CAGR: -7.5%
Syria has the second worst CAGR of any countries in the world, thanks to it being home to a major proxy war involving major nations which has resulted in a major recession in the country leading to a crisis among the population in the country. The International Monetary Fund (IMF) estimates that Syria’s economy contracted by approximately 60% between 2010 and 2020, and that the poverty rate rose from 35% in 2010 to 70% in 2020. Agriculture, including crops such as wheat, cotton, and fruits, as well as livestock and forestry, accounts for a significant share of the country’s Gross Domestic Product (GDP) and employs a large proportion of the labor force. Syria also has some mineral resources, including oil, natural gas, and phosphates.
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