Bulgaria ranks sixth among the ten poorest countries in Europe
Political conflicts, wars, high unemployment: Europeans are also struggling to survive. An overview of the economically weaker regions is made by “WirtschaftsWoche”. Whether it is Luxembourg, Switzerland or Norway, the focus is often on the wealth of European countries. But there are always two sides to the coin. Because Europeans are also struggling to survive. A brief overview of the poorest countries in Europe, measured as gross domestic product per capita converted into euros.
The first is Bosnia and Herzegovina, which is the poorest country in Europe. The unemployment rate alone is 40%. It is the third highest level in the world after Djibouti and Congo. This places Bosnia and Herzegovina well below the level of its poor neighbors. The GDP per capita is 7.46 euros. Albania follows. Over the past two decades, poverty in Albania has declined dramatically. However, around a seventh of Albanians are still considered poor. More than five percent of the population is malnourished and about eleven percent of children under five are stunted. Infrastructure is the country’s biggest problem. Therefore, Albania is very unattractive for foreign investors. The GDP per capita is 8.50 euros.
The âbronzeâ medal is for RN Macedonia. It is the third poorest country in Europe. The Balkans continue to be considered the most unstable region in Europe. More than two-thirds of the population of the former Yugoslav Republic live in rural areas. The GDP per capita is 9.20 euros. Serbia is fourth. Over the past 30 years, the Serbian people have experienced an enormous political conflict: the break-up of the Socialist Federal Republic of Yugoslavia, the wars that accompanied it and the international isolation of the community of states. Poverty continues to be a pressing social problem in Serbia. According to the World Bank, about 25 percent of the population lives below the national poverty line. High levels of corruption and poor infrastructure place a heavy burden on the country. Over 1.3 million people are struggling to survive. The GDP per capita is 9.92 euros.
Montenegro is in fifth place. Compared to other European countries, Montenegro is extremely small and can easily be ignored, but the poverty is staggering. Unemployment is double the EU average. Most of the income comes from the service sector. The GDP per capita is 10.13 euros. Sixth place is for Bulgaria. It is one of the poorest countries in Europe. 65% of the population is currently unable or barely able to cover their living expenses. This is due to the high level of indebtedness of public enterprises in the energy sector and hospitals, poor infrastructure and the threat of demographic decline. The GDP per capita is 12.77 euros.
Seventh, Belarus, which is also still severely affected by the economic crisis. In recent years, the situation has improved very little. More than a quarter of the Belarusian population still lives below the poverty line. This mainly affects children – they are the biggest victims of this problem. Roma children and those living in remote rural areas are the most affected by poverty. The GDP per capita is 13.42 euros. After the wars in Yugoslavia, Croatia struggled with the gap between rich and poor, as poverty was particularly prevalent in the former military areas. The economy has picked up somewhat in the last few years. Tourism and the processing industry have contributed to development. The GDP per capita is 15.73 euros.
In ninth place in Russia, where the gap between rich and poor is great: some do not have enough, others are fighting for their lives. Poverty does not correspond to the great power that Russia should be under Putin. But it still exists, especially in the villages. The GDP per capita is 15.81 euros. In 10th place in Romania, which suffers from extreme poverty. Almost half of the population lives in precarious conditions. Many houses are full of orphans, abandoned children and disabled children whose parents are unable to care for them. The GDP per capita is 16 euros.
(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)