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

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

May 5, 2024
16:37
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About this episode

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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Episode Details

Author
Economics Explained
Show Type
full
Audio Format
audio/mpeg

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