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The poorest countries in Europe in 2020

The poorest countries

The poorest countries: Despite the fact that it is customary to classify European countries as the most prosperous, they also distinguish the ten poorest countries, each of which has its own rating. These states are usually called outsiders, and a characteristic feature for them is the insufficient level of wages, low incomes and low living standards.

Rating Method

According to generally accepted concepts, when it comes to the poorest countries, we mean hungry children living in African countries, or residents of South America and Central Asia. Indeed, from the media, as well as from other official sources, it was possible to learn about the problems of these states in economic and social terms. Hence the growth of crime, and all sorts of difficulties in society.

However, it is worth noting that the problem of poverty has also affected European countries to a large extent. How deep it is, can be judged on the basis of basic economic indicators and on the basis of the social and living standards of these states.

How are ten of the poorest European countries ranked? The easiest way was chosen for this: the gross domestic product of the state for the previous year was divided by the number of people living in it. As a result of the calculations, a figure was obtained, which is an indicator approximately equal to the sum of income per inhabitant of the country, and older people and children were no exception.

The poorest countries in Europe in 2020. Ukraine

In 2020, Ukraine is considered the poorest state in Europe. It is worth noting that the country has sufficient potential to get out of a difficult situation. The area of ​​the state is rather big. However, per capita GDP in the country is $ 9,283 a year. Ukraine is located in southern Europe. The economy of Ukraine was greatly undermined by hostilities, which in no way can contribute to the development of the state.

At the moment, Ukraine is the first state in the ranking of the number of armed forces. In addition to the agricultural sector, the country has developed the metallurgical and logging industries, and chemical production.

The country’s population is over 43 million people. The capital of Ukraine is the city of Kiev, the language recognized as the state language is Ukrainian. At the same time, Russian is no less common in the country. Ukraine is a unitary, parliamentary-presidential state that borders on Poland, Belarus, Moldova and Hungary.

At the moment, the state has all the prerequisites in order to boost the country’s economy.

The poorest countries in Europe in 2020. Moldova

Moldova, together with Ukraine, is one of the poorest European countries. The state is located in southeastern Europe and is officially called the Republic of Moldova. The country borders on Ukraine and Romania, has an area of ​​33,846 square kilometers with a population of more than 4 million inhabitants. The capital of Moldova is Chisinau. Moldova became independent in 1991, immediately after the collapse of the Soviet Union.

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Despite this, the economic development of the state leaves much to be desired so far. The gross domestic product per capita in the country is approximately 5,700 dollars.

The well-being and economic condition of the state is highly dependent on the development of the agricultural sector and the volume of agricultural exports. By and large, it is agriculture and the textile industry that are the main activities of the state. As for energy resources, they are purchased.

In addition, the country does not mine minerals and does not develop other types of activities. However, it is worth noting that for agriculture, the climatic zone in which Moldova is located is very favorable. One way or another, but the country was among the poorest countries in Europe and currently occupies the first line of the rating among ten similar states in the list.

The poorest countries in Europe in 2020. Kosovo

The second poorest country on the list is the independent Republic of Kosovo. This state is not fully recognized, but partially recognized in Europe, the Balkans, and the Kosovo region. Pristina is the capital of the state, and Serbian and Albanian are recognized as official languages.

According to the constitution, Kosovo is part of the Serbian Republic, which is considered the Autonomous Region of Kosovo and Metohija. But it is worth noting that Kosovo is not a fact-controlled zone of Serbia.

The economy of the Republic of Kosovo deserves special attention. Despite its low level, since 1999, there has been a steady upward trend in GDP, 70% of which is in the service sector. The size of GDP per person per year is approximately 3,661 US dollars. Along with this, the country still has a high unemployment rate. Most young people work abroad. Well, inflation in the country is quite low.

The country’s territory is rich in minerals, including lead, cobalt, nickel and bauxite deposits. Among the minerals cadmium, germanium, indium and so on are mined here. One of the developed sectors of Kosovo is energy. In addition, enterprises operate in the state, including a shoe factory and a meat processing enterprise. Production in the country is poorly developed, and the state exists mainly due to foreign aid.

The poorest countries in Europe in 2020. Albania

Another country in the ranking of poor European countries is Albania. The capital is Tirana. The state is small in size and is located between Greece, Kosovo and Montenegro. Gross domestic product per capita in the country is $ 12,484, about 60% of GDP is the service sector and about 19% is the industrial area. The country’s economy is supported mainly by agriculture. For some time the state was in isolation, which excluded interconnections with the world.

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In the country there are deposits of minerals: oil, gas and ore. And although there are not too many of them, according to many economic analysts, with the presence of investments, Albania could very well turn into an industrialized country with a high social level and a well-developed economy.

In this case, the probability of attracting foreign capital is not excluded. And this is despite the fact that Albania is a small southern European country. However, at the moment, there is no development dynamics in these areas, and Albania is among the ten poorest European countries.

The poorest countries in Europe in 2020. Bosnia and Herzegovina

Fifth place in the anti-rating is part of the former Yugoslav Republic of Bosnia and Herzegovina. The annual GDP per person per year is approximately $ 9,800. At the moment, the state is divided into two halves in which self-government operates.

The population in Bosnia and Herzegovina is about 3.28 million people, these are Serbs and Bosnians. On the territory of the state there are approximately equal numbers of them. The country’s economy was recovering thanks to foreign aid. However, at the moment it cannot be said that it is at the proper level.

The same applies to the standard of living of people. The main emphasis in the country is on agriculture, earn here and on the export of wood, mining and supply of electricity. Industrial production in the country takes place, although it is underdeveloped.

The backwardness of this state can be explained by numerous wars, after which the country has repeatedly been restored, but not fully. Bosnia and Herzegovina is currently a state with a weakened economy that lacks investment.

The poorest countries in Europe in 2020. Serbia

The sixth poorest European state is Serbia – a country with its location in Europe, part of the Balkans and part of the Pannonian lowland. The capital of the state is the city of Belgrade.

Serbia includes autonomous regions: Metohija and Kosovo and Vojvodina. Serbia borders with Romania, Bulgaria, Hungary, Albania, Montenegro, Macedonia, Bosnia and Herzegovina and Croatia.

The underdeveloped economy of Serbia owes to frequent wars and blockades. Currently, there is a gross product per person, the size of which is approximately 7,243 US dollars. It is sad, but Serbia is a corrupt state, which in no way contributes to the country’s economic growth.

  • In addition, in recent years there has been a gradual departure of specialists outside the republic. One of the profitable industries that has developed in the country is rural tourism. Regarding economic forecasts, Serbia is gradually gaining momentum, although not too fast.
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The poorest countries in Europe in 2020. Macedonia

Macedonia is one of the ten poorest countries in Europe. The state is landlocked. Its territory used to be the southern part of the Yugoslav republic. Located in southeastern Europe, on the Balkan Peninsula. Currently, per capita GDP in Macedonia is $ 10,360.

During the collapse of the Yugoslav Republic of Macedonia, ethnic conflicts were miraculously avoided. But the economic blockade in the 2000s left its mark on the country’s development.

The economy of Macedonia is still in a deplorable state. The following advantages can be noted: Macedonia produces mineral resources, there is a tendency to growth in the private sector of the economy, and the development of metallurgy, food industry and machine building is noticeable.

The country has chemical and pharmaceutical enterprises, light industry is developed, and there is a need for an influx of investment. At the moment, Macedonia is considered the poorest country from the former republics of Yugoslavia.

The poorest countries in Europe in 2020. Montenegro

Another poor country is Montenegro , located on the Adriatic coast in southern Europe with a population of 621,000. The capital of the country is Podgorica. The state borders on Albania, Bosnia and Herzegovina, Serbia and Kosovo.

Despite the weak economy and not too high standard of living caused by the wars, Montenegro is an independent country that has always been considered attractive for tourists. There are a lot of attractions. In addition, the sea coast is a great place to relax. Arriving here, tourists can always rely on exotic local cuisine, affordable accommodation and a friendly welcome.

Unfortunately, Montenegro still belongs to the category of poor countries. The size of GDP is approximately $ 15,800. The majority of the state’s income comes from tourism and metal exports.

The poorest countries in Europe in 2020. Romania

The poor state of Romania has its location south of Eastern Europe. The capital of the country with a great past is Bucharest. Population – 19 million 238 thousand people Romania borders with Moldova, Hungary, Ukraine, Bulgaria and Serbia. The economic condition of the country has recently stabilized. Romania’s per capita GDP per year is $ 13,664.

The agricultural sector is well developed in the camp. Well, in addition, the state rises by selling raw materials and exporting equipment. In recent years, tourism has developed, which manages to affect the country’s economy in the most positive way.

The poorest countries in Europe in 2020. Bulgaria

The Republic of Bulgaria is one of the poor European countries, which has a rather large area. Despite this nuance, the state economy is lame. GDP per capita in Bulgaria averages 23,115 dollars.

The country survives thanks to developed agriculture and tourism business.

 

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