According to the latest report by World Population Review, Myanmar has been ranked as the third poorest country in Asia for 2024 under the leadership of military coup leader Senior General Min Aung Hlaing. The report indicates that Myanmar’s Gross National Income (GNI) per capita stands at just $4,760, highlighting the severe economic challenges facing the country under military rule.
While Asia presents numerous economic opportunities, the report emphasizes that several countries in the region face significant challenges due to poverty, political instability, and poor governance. Afghanistan holds the position of Asia’s poorest nation with a GNI per capita of only $1,690, with its development severely hampered by prolonged conflicts, corruption, and economic instability. Nepal ranks as the second poorest country in Asia, followed by Myanmar in third place. Timor-Leste occupies the fourth position, while Tajikistan, Kyrgyzstan, Pakistan, Bangladesh, and Palestine are also included in the list of Asia’s poorest nations.
India, despite having a GNI per capita of $8,210 and being the world’s fifth-largest economy, is included in Asia’s ten poorest countries due to its massive population, low literacy rates, and significant income disparities. The report emphasizes that political instability and poor governance in these nations continue to limit their potential for development and economic growth. The situation in Myanmar particularly highlights how military rule and political upheaval can severely impact a country’s economic well-being and development prospects.
