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1. Ukraine. With a per capita GNI of $3,540, Ukraine is the poorest country in Europe as of 2020. Ukraine once had the second-largest economy in the USSR. However, when the USSR collapsed, Ukraine had difficulty transitioning into a market economy, which sent much of the population into poverty.
The data reveal that the ten poorest countries in Europe are Ukraine, Moldova, Albania, North Macedonia, Bosnia and Herzegovina, Belarus, Serbia, Montenegro, Bulgaria, and Romania. These nations demonstrate unique economic landscapes and face a diverse array of challenges.
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- Macedonia. GDP per Adult in 2021: $8,624. Macedonia, commonly known as North Macedonia, is a landlocked country positioned in Southeastern Europe. Its capital and largest city is Skopje.
- Belarus. GDP per Adult in 2021: $9,129. The Republic of Belarus is a landlocked country located in Eastern Europe. Minsk serves as both its capital and largest city.
- Serbia. GDP per Adult in 2021: $11,538. Serbia, known officially as the Republic of Serbia, is a landlocked country located in Southeastern and Central Europe.
- Montenegro. GDP per Adult in 2021: $12,231. Montenegro is located in Southeastern Europe. It is a member of several organizations including the UN, NATO, and the WTO.
- The 10 Poorest Countries in Europe
- Moldova - GDP Per Capita (PPP): $17,779
- Armenia - GDP Per Capita (PPP): $18,007
- Bosnia and Herzegovina - GDP Per Capita (PPP): $18,956
- Albania - GDP Per Capita (PPP): $19,009
- North Macedonia - GDP Per Capita (PPP): $21,103
- Belarus - GDP Per Capita (PPP): $22,644
- Serbia - GDP Per Capita (PPP): $25,718
- Montenegro - GDP Per Capita (PPP): $27,616
- Bulgaria - GDP Per Capita (PPP): $31,302
Population: 2,553,000GDP per capita (PPP): $17,779GNI per capita: $5,370Population: 2,964,000GDP per capita (PPP): $18,007GNI per capita: $4,850Population: 3,443,000GDP per capita (PPP): $18,956GNI per capita: $6,810Population: 2,806,000GDP per capita (PPP): $19,009GNI per capita: $6,110Population: 1,829,000GDP per capita (PPP): $21,103GNI per capita: $6,190Population: 9,274,000GDP per capita (PPP): $22,644GNI per capita: $6,940Population: 6,807,000GDP per capita (PPP): $25,718GNI per capita: $8,460Population: 619,100GDP per capita (PPP): $27,616GNI per capita: $9,340Population: 6,855,000GDP per capita (PPP): $31,302GNI per capita: $11,200- Cory Price
- Moldova – GDP Per capita $3,300. Moldova officially called the Republic of Moldova is the poorest country in Europe with its GDP per capita of just $3,300.
- Ukraine – GDP Per capita $3,425. Ukraine is the second in the list of Europe’s poorest countries with a per capita GDP of $3,425. Ukraine which was earlier part of the USSR was the second-largest economy but slipped into recession post-collapse of the USSR.
- Kosovo – GDP Per capita $5,020. Kosovo officially referred to as the Republic of Kosovo is a partially recognized state with per capita GDP of $5,020.
- Albania – GDP Per capita $5,373. Albania also called the Republic of Albania has a GDP per capita of $5,373. Albania was in the transition process from a socialist economy to free-market economy post disintegration of the USSR in the 1990s.
Apr 19, 2024 · Ukraine. Kosovo. Albania. Moldova. North Macedonia. Bosnia and Herzegovina. Montenegro. Bulgaria. Belarus. Serbia. Romania. North Cyprus. Greece. Lithuania. Latvia. Spain. Poland. Estonia. Croatia. Hungary. 1. Ukraine. Gross National Income Per Capita: $4,535. Poverty Rate: 24.2% At Risk of Poverty: 31.1% Ukraine is the poorest country in Europe.
The ten poorest countries in Europe, based on GNI per capita, are Ukraine, Moldova, Albania, Republic of Macedonia, Bosnia and Herzegovina, Belarus, Serbia, Montenegro, Bulgaria, and Russia. Among the poorest countries in Europe, Ukraine ranks as the poorest with a GNI per capita of $3,540.
