10 Most Corrupt Countries in the World

Bangalore: Corruption is a big problem across the world and here are 10 most corrupt countries in the world that The Daily Beast named. Surprisingly India hasn’t made it to the list.

1. Uzbekistan:

Topping the corruption list is Uzbekistan. It is one of the fastest growing countries in Central Asia. Its economy relies mainly on production of cotton, gold, uranium, potassium, natural gas and petroleum. However, corruption and bureaucracy remains a major hurdle for further expansion. In spite of strong GDP growth rates, more than 40 percent of the population lives below poverty line.

The Corruption Index of Uzbekistan is 89.6 out of 100. On other factors, out of a total of 10 the rating is as follows-Public Perception of Corruption is 8.4, the Corruption of the Press is 9.4, Political Rights Corruption and Civil Liberties Corruption is 10 each and Business Disclosure Opacity is 7.

2. Eritrea:

Eritrea ranks second on the world’s most corrupt country list. It is a small economy in the Horn of Africa. Its output is based on subsistence agriculture, with 80 percent of the population involved in farming and herding. The economy is dependent on worker remittances from abroad which constitute more than 30 percent of GDP. Yet pervasive corruption continues to erode the foundations of economic freedom.

Eritrea has a Corruption Index of 87.8 out of 100.Its Public Perception of Corruption is rated 7.5, Corruption of the Press is 9.4, Political Rights Corruption and Civil Liberties Corruption is 10 each and Business Disclosure Opacity is 7.