There are many countries around the world where corruption is at play and it brings along a downfall of the economic system. Corruption comes in many forms, so the factors determining it are different. However, common sense and good perception are enough to realize that the countries that follow are among the most corrupt ones in the world. Based on reports released by Transparency International, Freedom House, Forbes magazine and the U.S. Department of State, we have comprised a list of the 15 most corrupt countries in the world.
These are only a few, considering that 73 countries out of the 198 examined are at extreme risk of corruption, 64 at high risk, 38 at medium, and only 23 countries at low risk, according to Verisk Maplecroft, a risk analysis and forecasting company.
Without further ado, here they are:
Libya has gone through a horrible downfall over the past couple of years, and it is one of the most troubled countries, besides being one of the most corrupt ones. The country’s downfall was clearly visible when the masses started protesting and parading through the streets carrying the body of the former president Muammar Gaddafi. At the time, this wasn’t the first country where something like this has happened, as there were large protests in Egypt, Syria and several other countries simultaneously.
Currently, there is no formal government in Libya and it is still unclear who will gain predominance. Due to this instability, the GDP of this country decreased 9.4% in 2010, according to data released by the World Bank. This economic instability and lack of state power has led arm dealers and corrupt military personnel to claim power and gain profit by convincing people that everyone is out to get them and that they need to protect themselves.
Libya’s economy is mostly focused on energy which brings the state 95% of its income through export, and makes up 80% of Libya’s GDP. As long as there is no permanent government or stability, Libya is likely to stay a fertile soil for corruption and lack of order.