Europe is world’s second smallest continent by surface area. The Eurozone entered its first official recession in the third quarter of 2008. This had a huge negative impact on many countries of Europe.
This list reflects the GDP per capita, the gross domestic product, or total market value of goods and services produced by the national economy during the last year, in regards to each person in the country.
Here is a brief overview of the 15 poorest nations in Europe with their per capita information.
10. Romania ($18,635)
Almost 44 percent of the population of Romania lives in rural areas. Poverty has a firm grip on Romania’s rural areas.
9. Russia (18,408)
Russia suffers from high wealth inequality. While few enjoy almost royal lifestyle, millions suffer the ill effects of poverty.
8. Croatia ($18,314)
Percentage of population below poverty has been increasing consistently in Croatia.
7. Belarus ($15,633)
Even though poverty in Belarus has declined over time, the nation has still a long way to go.
6. Bulgaria ($14,870)
Bulgaria is one of the poor nations not only in the European Union, but also in the Balkans as a whole.
5. Montenegro ($11,800)
Montenegro is mostly a service-based economy. However, population below the poverty line which was 12.2 percent in 2003 had come to 6.6 percent in 2010.