5 Cheapest Countries in the World in 2024

2. Democratic Republic of Congo

Living Costs Per Capita: $291

The Democratic Republic of Congo, or DRC, is one of the largest countries in the world in terms of area. It covers an area of 2.3 million square kilometers and also benefits from a sizeable population of 105 million. The DRC has an economy of $73 billion and a GDP per capita of $714. The economy is dependent on mining, and some even believe that the DRC could be the ‘world’s Saudi Arabia’ for the EV revolution due to its vast resources of cobalt.