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).
|Rank||Country||GDP per capita
|7||Bosnia and Herzegovina||4,709|
|9||Republic of Macedonia||5,237|
- The downfall of the Soviet Union affected the economy of many European countries.
- 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.