>It's almost unfathomable from a Western perspective that this could cover someone's basic living expenses for a year.
While the lifestyles of people in those countries probably are unfathomable to wealthy westerners, don't forget the cost of living is way lower too. Comparing the converted to dollars incomes is not enough to give one the right perspective on how much they can buy. On 264/year in the US one might literally starve to death; clearly the millions of citizens of those countries are not all starving to death. The cost of food, shelter, etc. are all lower in dollar terms in those countries. They are still impoverished in terms of material quality of life though, of course.
While the lifestyles of people in those countries probably are unfathomable to wealthy westerners, don't forget the cost of living is way lower too. Comparing the converted to dollars incomes is not enough to give one the right perspective on how much they can buy. On 264/year in the US one might literally starve to death; clearly the millions of citizens of those countries are not all starving to death. The cost of food, shelter, etc. are all lower in dollar terms in those countries. They are still impoverished in terms of material quality of life though, of course.