(2) Egypt

Egypt is a transcontinental country on both sides of the northeast corner of Africa and southwest corner of Asia and is officially known as the Arab Republic of Egypt.

It’s shocking to know that Egypt has to pay around 91.3 percent of its GDP as a government’s debt. On the other hand Egypt’s 2014 GDP per capita is only $6,696. The main reason cited for such a decline in economy is corruption.

Another obstacles faced by the Egyptian economy is the limited distribution of wealth to the average population, many Egyptians criticize their government for higher prices of basic goods while their standards of living or purchasing power remains relatively dormant.

(3) Pakistan

Pakistan is the 6th most populous country with a population exceeding 180 million people. Pakistan has a multi-billion dollar line of credit with the IMF, but loans are conditional on the country ratifying structural transformation to its economy.

The 2014 government debts were as large 63.7 percent of its GDP, with a total GDP of $3, 231. Pakistan was at risk of default last year until the IMF agreed to lend it money. Tax collection remains a major problem in the country. According to The Express Tribune, merely one in 200 citizens even files an income tax return in the country.

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