The world has many luxuries countries whose people enjoy a comfortable life. However, there are others that have miserable life and state of affairs. These countries may suffer from a high rate of unemployment, poverty, sickness…etc. Studies revealed some countries that are deemed to be the top 10 miserable countries.
10 Finland:
Main export industries have technology for mobile phones, gaming, clean-tech, and biotechnology divisions. The pastoral population spotlight on timber export. Finland’s markets kept away from the global financial crisis, but the constant EU recession harmed the economy in 2009 and till 2013. The unemployment rate has reached 11.5%.
9 Poland:
To get its economy better, Poland must be present at to road and rail infrastructure deficiencies, commercial court system, as well as a “burdensome” tax system. Its chief industries include machine building, coal mining, as well as chemicals. Poland’s current economic delay is worse than expected, and there is an opportunity that interest rates might be reduced. In addition, Poland’s GDP is predictable to fall by 0.6% for the reason of the Russian import bans.
8 Slovakia:
With a CPI inflation of 0.1%, Slovakia’s main industries are metal products, foods as well as beverages, gas, oil, and nuclear fuel. Yet economic growth is smothered by bribery and unhurried dispute resolution. About 27 million cubic meters of gas a day were set to transfer from Slovakia to Ukraine’s national pipeline operator that will supply 20% of Ukraine’s natural gas demand.
7 Slovenia:
Slovenia’s unemployment reaches 13.9%. Agriculture comprises 2.2% of the GDP. Slovenia’s economy is anticipated to contract 1% in 2014, and so the government is working to boost investor assurance in Slovenia. The economy was a lot export-driven and so suffered throughout the global economic crisis. Indeed, Slovenia’s new Prime Minister stated that he might curb the country’s privatization efforts.
6 Portugal:
Portugal’s economy has moved into service industries. Growth rate reduced from 2001 to 2008, and the economy reduced in 2009, and then so from 2011 to 2013.The government curbed the budget shortfall from 10.1% of GDP in 2009 to be 5.1% in 2013, thrashing the target of 5.5%. Yet, public debt carries on growing, that may lead to complexities regaining market financing.
5 Columbia:
Colombia’s economy relies on energy and mining exports, as it is the fourth-largest coal producer. Poor infrastructure has choked economic growth. Poverty is a main problem in Colombia, about 32.7% of the population lives underneath the poverty line.
4 Ukraine:
Ukraine’s main industries are coal, metals, and transport equipment. The GDP sectors consist of industry (29.6%), and agriculture (9.9%). In 2014, Russia and Ukraine were engaged in a territorial dispute. In July, a Boeing 777 Malaysia civilian plane was struck over Ukraine. Ukrainian military and the pro-Russians blame each other for the accident. Its unemployment rate reaches 1.6% which is nothing, comparable to others’. Yet, the only problem is political instability.
3 Uruguay:
Annually, Uruguay grew at an average rate of 8% from the year 2004 to 2008, yet the worldwide financial crisis caused dropping to 2.6% in 2009. Uruguay avoided a depression through public expenses and investment, though GDP growth has since reduced in 2012-2013. Uruguay is famous for being a tremendously liberal country.
2 Egypt:
The principal industries of Egypt are textiles, tourism, and chemicals. In 2011, President Hosni Mubarak was overthrown by protesters following about 30 years in office. Political polarization seized the nation in the aftermath. A conflict between the pro-military and the Islamists is dominant. Mohammed Morsi, a candidate from the Islamist party won the election in 2012. Yet, he was ousted after a year, to be replaced by Abdul Fattah al-Sisi, the army chief.
1 South Africa:
South Africa suffers from a rate of 25.5% unemployment. The state includes many industries as finance, energy, as well as transport. The unbalanced electricity supplies is a problem there. Vital budget debits hinder the country’s capability to figure out a solution for the urgent economic problems.
