SamuelRSmith on 25 May 2011
| mjk45 said: Zimbabwe was ranked the world poorest country in 2010 by the International Monetry Fund due to it's extreme hyper inflation rate of 87.9 sextillion with inflation doubling every 1.1 days . Its GDP is $0.1 the next poorest country is The democtratic Republic Of the Congo (not to be confused with the Republic of Congo) GDP $334 Note: it is GDP Gross Domestic Product that is used to denote how rich or poor a country is rated. |
Of course, by this point, GDP becomes a totally irrelavent means of measuring Zimbabwe's economy, as they would have found a substitute, such as bartering, to their currency. The standards of living will be low in Zimbabwe, no doubt, but not as low as this measure suggests.
