Category Archives: Economy

Top 20 Business-Friendly Countries

The global economic recession may have temporarily retarded business activity, but numerous countries are making necessary modifications to strengthen domestic regulations to catch investment and encourage business. World Bank’s Ease of doing business that ranks countries on the basis of how easy it is to carry out economic activities. The higher the ranking, the more favorable that country is for people to establish and run a local company. Nation with first position is the best for doing new business since they have most favorable environment to carry on economic activities. Countries that got high ranking  ideally establish and put in force laws that simplify property rights and lessen the cost of resolving disputes. This index takes into account many factors such as availability of electricity, property registration process, financial institution, taxes, minority investor protection and above all power of legal system to enforce contracts and resolving insolvency. Despite a still sluggish global economy, most countries worldwide enacted reforms to make their economic regulatory environments more business friendly. Here are the World Bank’s top 20 most business-friendly nations:



Singapore retains the top spot as the country that has best business friendly environment. Simple Automated electronic method for filing taxes reducing the potential for corruption and reduce dependence on tax officers in Singapore. Business-friendly laws and flexible immigration policy encourage investor to carry on business in the country.

Source: World Bank

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Top 10 Failed Countries in the World

It is rising question of today that why some countries prosper and others fails? Deeply flawed political institution that are not in place by mistake but on purpose which mainly focuses on harvesting or extracting natural resources for sale or trade, and very little else, only benefiting elites class, striping their citizens of opportunity, destroying incentives and consequently making growth impossible. During the last half-decade, the Fund for Peace has been publishing failed states index that indicates how stable (or unstable) a country is. Many factors are taken into account while ranking fragile states Such as poor government, social and economic indicators that are exerting pressure on authorities and causing trouble to run public offices. The Failed States Index measures the pressures experienced by countries due to ongoing current issues and are considered at risk of failure. Political, social and economical sector are most focused in this report. Non-provision of public services; extensive corruption and criminality; refugees and rapid population’s growth and sharp economic decline are some key indicators that determine top ten failed countries. The report uses 12 factors to ascertain the ranking of all countries  including security threats, economic implosion, human rights violations and refugee flows.

Top 10 Countries at Risk of Becoming Failed States

Rank Country Failed States Index 2014
1. South Sudan 112.9
2. Somalia 112.6
3. Central African Republic 110.6
4. Congo (D. R.) 110.2
5. Sudan 110.1
6. Chad 108.7
7. Afghanistan 106.5
8. Yemen 105.4
9. Haiti 104.3
10. Pakistan 103

South Sudan is the world’s most failed state, according to the latest annual Failed States Index 2014. Corruption is main problem of the country. According to estimate, about $4 billion of public funds was stolen or unaccounted for by mid-2012 alone. Migration is another problem that is faced by south Sudan. About 170,000 refugees entered during 2012, causes food shortages. Drought and population pressure made condition worse. After liberation, Country is unable to effectively utilize its human capital due to continued tensions over land and resources.

Source: fundforpeace.org

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Top 10 Richest Countries in the World

By nature, Greed belongs to human being from the very beginning of the world. Same thing happened with the countries which are struggling to become richest one. Richness doesn’t mean having rich abundance of natural resources but it more relate to optimum allocation of these resources for raising living standard of their masses. In today’s global world, every country tries to increase its output to be sold at competitive prices and implement best possible economic policies in order to become richest country across the globe.

Comparing the financial prosperity of peoples of all countries on the basis of their GDP per capita is the best tool which decide which country is the richest in the world. GDP at PPP is arguably more useful tool since it also consider cost of living that give clear picture of living standard and national wealth of the country.Difference in living standard can clearly determined by GDP per capita. Any country with highest GDP can’t b richest if it has largest population since citizens have less money whereas PPP defines how that money compete with inflation. Therefore ,the countries with the highest GDPs per capita have the richest occupants. Here we have list of top 10 countries of the world on the basis of GDP at purchasing power parity per capita.

List of Top 10 Richest Countries in the World By GDP Per Capita

Rank Country GDP (PPP) 2013
1. Qatar 105,091 $
2. Luxembourg 79,593 $
3. Singapore 61,567
4. Norway 56,663
5. Brunei Darussalam 55,111
6. Hong Kong 53,432
7. United States 51,248
8. United Arab Emirates 49,883
9. Switzerland 46,474
10. Australia 44,073

 

 

As per IMF report, Qatar is the richest country of the world with world’s highest GDP per capita of 105$. About 70% of its government revenue comes from petroleum industry which contributes to 60% of GDP. Its oil industry has grown very well which make it the richest country of the world. It has massive funds to buys expensive soccer teams and well established  airline. It has estimated population of 2 million that are lucky to live in the wealthiest place of the world.
Source: IMF

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Which Country has Highest Currency Value

Value of one country’s currency is determined by purchasing power of its single unit. Countries, having highest currency rate, can purchase most number of goods with its single unit. Sometime countries may impose fluctuation limits on exchange rate to maintain a high purchasing power to import required goods with less of currency to offer. In term of trade, US dollar is the strongest across the world but where value is concerned, there are many countries having currencies more valuable than US dollar. Keep it in mind that high value doesn’t mean better level of investment and economy. Here is list of Countries with highest currency exchange rate in the world.

CURRENCY Country Unit Value against US Dollar
Dinar Kuwait 3.49 $
Dinar Bahrain 2.65 $
Rial Oman 2.60 $
Lats Latvia 1.84 $
Pound United Kingdom 1.62 $
Dinar Jordan 1.41 $
Manat Azerbaijan 1.27 $
Franc Switzerland 1.07 $

 

 

Kuwaiti Dinar is the world’s most valuable currency having value equal to 3.49 dollar that means you have to pay 3.49 dollars to buy one Kuwaiti Dinar. West Asian country is rich in oil that leads to high demand of its dinar across the world for oil import purposes which results in highest value. The country got independent and introduced its own currency in 1961 that replaced old gulf rupee and now it ranks as most expensive currency leaving Britain Pound and United States dollar behind. Their monetary system is based on the floating exchange rate system in which the value depends on free market forces.

 

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Top Ten Countries with the Most Debt in the World


You may hear a popular myth that countries with highest public debt are the poorest nations of world, while the major lenders are the most developed countries. This may be correct in some cases but the fact is that advanced countries in the world have most national debts. Surprised? Actually Surplus budgeting has become unpopular in the world that, in other words, means putting more tax burden on masses and doing less public development projects in the country. Most economists consider deficits budgeting are the great approach to keep economic growth and employment at highest rate while putting less tax burden on masses. For smooth economic growth, borrowing is inevitable and it doesn’t mean stage of doom. Some of world’s largest economies have massive national debt but their GDP can afford it. However, Low debt-to-GDP ratio is favorable for the country that shows production is adequate for repayment of loan. World Bank Quarterly External Debt Statistics (QEDS) database provides detailed records of countries with most public outstanding loan.

List of Top Ten Countries with the Most Debt

Country GROSS EXTERNAL DEBT POSITION: first quarter of 2014 (US$ millions)
United States 16,572,612
United kingdom 9,590,995
France 5,750,152
Germany 5,546,869
Luxembourg 3,472,282
Japan 2,861,488
Italy 2,651,413
Netherlands 2,526,895
Spain 2,305,648
Switzerland 1,610,897

 

 

United States debt is highest in the world which stood at 15 trillion dollar at the end of first quarter 2014. The country’s external debts equal to 106 percent of its GDP.

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Which Country is Most Powerful in the World


Ranking the Most Powerful countries in the World is tough one since number of factors need to be considered to calculate the word ‘power’. Now country can’t be the world’s most powerful simply because it has largest army, certain aspects has attain special value in 21st century. Now economy, technology, population and diplomatic influence has joined military to decide the power of any country. The National Power Index is the best approach to rank the strongest countries of the world. This index is the combination of five sub indexes which evaluate economic system, military strength, human capital , technology, energy security and diplomatic influence. The latest National Power Index of the top 10 most powerful countries is given below:

Top Ten Most Powerful Countries in the World

Rank Country National Power Index
1. United States 0.90
2. China 0.85
3. France 0.84
4. United Kingdom 0.83
5. Germany 0.77
6. Russia 0.77
7. Japan 0.75
8. Italy 0.70
9. Canada 0.68
10. Spain 0.67

 

 

United states is the most powerful country in the world as it ranks first in GDP, defense spending , technology and foreign affairs. It heads the power index since it is the third most populous country with world’s highest nominal GDP. It has 2nd largest army equipped with latest technology. Its diplomatic power continues to exercise international influence all over the world. It is likely to remain the strongest in the world for at least another decade. China is the second most powerful state which has the world’s highest population. China is behind united states in technology and global influence but it is moving forward in every sector and continuously expanding its global sphere of influence. Analysts predict that it will overtake US in near future.

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Top 10 Countries with Highest Employment Rates in the World


World’s fast growing countries have highest employment rate for the purpose of taking full advantage from their human resources. It is an important indicator of country’s growth and visionary government always try to create new jobs opportunities and to keep unemployment level low as possible. High employment rate returns a great reward to the country, if number of jobs available is relatively high compared to the number of workers then production level of goods and services go high which allows the government to collect more tax and spend less on welfare programs. Most Asian and African countries of the world are facing unemployment as major issue while developed nations have most employment opportunities so people from around the world come here to get the benefits of highest job opportunities. Economic Co-operation and Development analysis employment level of their member nations. According to its published report, Top ten countries with Highest Employment Rates in the World are listed below.

Countries with highest rate of employed persons

Rank Country Percentage of people aged 15 to 64 that are employed (OECD members)
1. Iceland 82.8
2. Switzerland 77.4
3. Denmark 76.0
4. Norway 75.6
5. New Zealand 73.5
6. Sweden 73.5
7. Netherlands 72.7
8. United Kingdom 72.7
9. Canada 72.6
10. United States 71.2

 

 

Iceland, free-market economy, has world highest percentage of employed individuals. Employment regulations are relatively flexible and the labour market is one of the freest in the world.

 

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Top 10 Busiest Airports in the World by Passenger Traffic


Globalization of the world economy is a key driver of air traffic growth. Airports provide connectivity and regional accessibility which is vital for modern economy and social mobility. Rapid increase in passenger and freight traffic result in direct increase in employment at airports, catalyze business growth in the adjoining areas and serve as economic engine for the whole country. It is vital for fast transportation and tourism activities in the world. According to Airports Council International, top ten busiest airports in the world in 2013, on the basis of passenger traffic, are listed below.


Hartsfield-Jackson International Airport in Atlanta is the world’s busiest airport by Passenger Traffic. In 2013, total numbers of passengers were 94,430,785. It serves more than 250,000 passengers everyday with more than 2,500 daily flights, serving more than 150 domestic destinations and more than 60 international destinations. It has 207 gates with total area of 1,902 hectares. It is generating $32.6 billion to the regional economy.

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Which is the Poorest Country in the World

Do you know the poorest countries in the world? International Monetary Fund, CIA factbook and world bank published report of GDP per capita based on which list of poor countries in the world is prepared. Poor countries of world are facing challenges of overpopulation, corruption, illiteracy, war and debt burden. Economist prefer GDP at purchasing power parity is best standard for comparing welfare of residents of a country. For this purpose values of all goods and services produced in the country are expressed in price prevailing in US market.

Top Ten Poorest Countries
Rank Country GDP Per Capita (2013)
1. Democratic Republic of the Congo $ 394.25
2. Zimbabwe
$ 589.46
3. Burundi
$ 648.58
4. Liberia
$ 716.04
5. Eritrea
$ 792.13
6. Central African Republic
$ 827.93
7. Niger
$ 853.43
8. Malawi
$ 893.84
9. Madagascar
$ 972.07
10. Afghanistan
$ 1,072.19

 

 

Democratic Republic of the Congo is the poorest country of the World. Its GDP per capita is lowest as compared to other countries of world.  Other side of the poorest country shows that it is considered richest country of world in term of natural resources. Some pertinent issues of DRC in making it the poorest country of the world are :
  • Sexual violence against women.
  • War to get control over DRC’s natural resources
  • Democratic transition remain tenuous to deal with perpetually conflict-ridden society.
  • High infant mortality.
  • 6 million people died from war-induced causes.
  • Deterioration in agricultural production factors due to backward techniques.
  • Consistently poisoned by corruption and Injustice.
Source: the IMF

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Which Country has Lowest Currency Value

Value of one country’s currency depend upon demand and supply. Fixed and floating exchange rate system are being used to control value of their currency by Countries of world. Country, having lowest value, is able to buy least number of other currency or good by spending its single unit. Balance of trade, central bank policy, domestic interest rate and political condition decide price of currency . Trade deficit and low domestic interest rate are problems faced by countries having lowest value in the world. Here is list of Countries with lowest currency exchange rate in the world.

CURRENCY Country Exchange rate
Riel Cambodia 3,999.00 per dollar
Guarani Paraguay 4,639.27 per dollar
Franc Guinea 6,980.50 per dollar
Kip Lao 8,030.92 per dollar
Rupia Indonesia 12,140.13 per dollar
Manat Turkmenistan 14,262.00 per dollar
Dobra Sao Tome and Principe 17,783.13 per dollar
Dong Vietnam 21,072.13 per dollar
Rial Iran 24,863.90 per dollar

 

 

Iran, west asian country, has the lowest currency value as compared to any other countries of the world. Key reasons of cheapest rate are sanctions imposed on country to curtail its nuclear program. Restriction on exports result in loss of oil revenue and isolation from international banking system are factors for world’s lowest currency value of country. Unofficial speculators of black markets are also involve in making rial the cheapest in the world.

 

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