(4) Venezuela

Venezuela is a country on the northern coast of South America. Its 2014 government debt accounted to 51.6 percent of GDP whereas the total GDP per capita was estimated to be $13, 531 in 2014.

Venezuela's bond ratings have also decreased multiple times in 2013 due to decisions by the president Nicolas Maduro. One of his decisions was to force stores and their warehouses to sell all of their products, which may lead to even more shortages in the future.

Venezuela's point of view has also been considered unconstructive by most bond-rating services.

(5) Jamaica

Jamaica owes a government debt of 133.7 percent of its net GDP. Despite slow growth and an unemployment rate, the country's improving economy may explain some investor high spirits; moreover the country’s GDP per capita is $9, 256.

Jamaica re-entered the global bond market in July 2014 with a knock, raising $800 million, which was well above the $500 million predicted by the government officials.

Jamaica has reduced government expenditure as a share of GDP from 38.6 percent in 2009 to an estimated 26.9 percent this year. Additionally, the Jamaican government expects its budget deficit to be nearly balanced in 2014.

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