- Haiti
Total GDP (in billions): $20.9
GDP Per Capita: $1,830
5 Year CAGR: 3.8%
Haiti is a Caribbean country with a small and underdeveloped economy that is primarily based on agriculture, manufacturing, and services. Remittances from Haitian nationals living abroad are a significant contributor to the economy of Haiti. The 2010 earthquake absolutely devastated Haiti and the country hasn’t recovered since. It is home to an extremely high percentage of crimes, with gangs basically ruling its capital. Haiti struggles with consistent and efficient energy generation and distribution, and the lack of access to affordable and reliable power hinders investment and business growth in the country. Most of the electricity in Haiti is generated using imported fossil fuels.
- Senegal
Total GDP (in billions): $27.6
GDP Per Capita: $1,637
5 Year CAGR: 5.6%
Senegal is a West African country with a diversified economy. A low literacy rate and high unemployment rates have contributed to Senegal being among the poorest countries in the world. Senegal has a trade agreement with the US. Under this trade agreement, Senegal exports processed foods, seafood, and cosmetics. Historically, France has been the main source of foreign direct investment in Senegal, but in recent years, China has also become a significant investor in the country.
- Djibouti
Total GDP (in billions): $3.5
GDP Per Capita: $3,150
5 Year CAGR: 4.7%
Djibouti is a small country in the Horn of Africa with a small and underdeveloped economy. Djibouti’s land is quite arid which makes farming very difficult and with a lack of industrialization, there aren’t many other opportunities for sustenance. Djibouti has a number of ports that are an important contributor to the economy, with the port of Doraleh being a major regional hub for trade.
- Bhutan
Total GDP (in billions): $2.5
GDP Per Capita: $3,266
5 Year CAGR: 0.7%
Bhutan is a small, landlocked country in South Asia with a small and underdeveloped economy. Bhutan’s poverty is caused by the country not having many natural resources. Bhutan has a number of hydroelectric power plants that are an important contributor to the economy, with the country exporting a significant amount of electricity to India (see 20 countries that produce the most electricity).
- Timor-Leste
Total GDP (in billions): $3.6
GDP Per Capita: $2,741
5 Year CAGR: 17.8%
Timor-Leste (also known as East Timor) is a small, developing country in Southeast Asia with a small and underdeveloped economy. Timor-Leste has really uneven terrain, because of which farming and water-gathering are both quite difficult in a country where most of the people are dependent on agriculture. Timor-Leste has a number of oil and gas reserves that are an important contributor to the economy, with the country exporting a significant amount of oil and gas to other countries.
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