The World's Poorest Country is Sitting on $24 Trillion

Economics Explained

EpisodeMay 5, 202416m

The World's Poorest Country is Sitting on $24 Trillion

Economics Explained

EpisodeMay 5, 202416m

With GDP per capita of just $2 per day, the Democratic Republic of the Congo is one of the poorest, if not the poorest nation on Earth. However, this does not have to be the case. The country has massive deposits of rare earth minerals including Cobalt, which is an essential input to the production of lithium-ion batteries. The mineral resources are estimated to be worth $24 trillion. So why is the DRC so poor? Learn more about your ad choices. Visit megaphone.fm/adchoices

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On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.

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