Poorest Countries in Europe

Countries of Europe are well-developed and the GDP per capita above the world average. Countries in the Western part of Europe are very well-developed while countries in the eastern part of Europe economically lower. European countries by poorest ranked by GDP(nominal) per capita.

The income of the people and GDP of the countries changing instantly, every year it is different. The international financial institution estimates the Per Capita income of every country in the world. Nowadays, the business growing smartly with the help of technology. Moldova, Ukraine, Armenia and Georgia are some of the poorest countries by per capita.

Moldova is the poorest country in Europe and suffered a major economic difficulty after the breakup of the USSR (Union of Soviet Socialist Republics).

RankCountryGDP per capita
2016 (US$)
1Moldova1,900
2Ukraine2,186
3Armenia3,606
4Georgia3,853
5Azerbaijan3,877
6Albania4,147
7Bosnia and Herzegovina4,709
8Belarus4,989
9Republic of Macedonia5,237
10Serbia5,348
11Montenegro6,701
12Bulgaria7,351
13Kazakhstan7,510
14Russia8,748
15Romania9,474
16Turkey10,788
17Croatia12,091
18Poland12,372
19Hungary12,665
20Latvia14,118

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  • The downfall of the Soviet Union affected the economy of many European countries.
    Prague, Moldova
  • Countries in the eastern parts of Europe are economically weaker compared to the western part of Europe.
  • The GDP of Ukraine fell to less than 40% from 1991 to 1999. Although poverty decreased only from 11.9% in 2000 to 2.3% in 2012.
  • The HDI (Human Development Index) of the poorest countries in Europe fair compared to poorest countries of other continents.
  • Member Countries in the EU (European Union) higher in GDP per capita while Countries that not member of EU weaker in GDP per capita
  • In Europe, the countries listed above are just economically weaker. Because of the GDP of the country far higher than poorest countries in the world.
Note: This is World Bank Data, the data of the GDP per Capita by CIA (Central Intelligence Agency) and IMF (International Monetary Fund) are different.
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