11 Countries with Highest Financial Aid for Developing Nations
8. Ireland
Total international aid: $809 million (14th lowest)
Social spending as per cent of GDP: 23.1 per cent (15th highest)
Government debt as a per cent of GDP: 106.5 per cent (10th highest)
Ireland has an elected president who serves as the constitutional head of the nation. It is almost surrounded by the Atlantic Ocean. Only one portion of the land shares its boundary with Northern Ireland (England). The Celtic sea lies on the south, Irish Sea lies in the east and the Saint George’s Channel lies on the south-east of Ireland.
Ireland was once considered as a poor country, but over the years, it has developed into one of the richest nations in the world. It has a higher rate of GDP per-capita.
9. Belgium
Total international aid: $2.30 billion (17th highest)
Social spending as per cent of GDP: 30 per cent (3rd highest)
Government debt as a per cent of GDP: 97.8 per cent (14th highest)
Belgium is one of the most important names in the European Union. It is also one of the founding members of the European Union and it houses the headquarters of the European Union as well as NATO.
At present Belgium is the fifteenth largest trading nation in the world. It gained this position by the end of 2007. Its geographical location plays an important role in its trade.
Belgium has a very efficient and productive work force. Its import consists of raw materials, machineries, chemicals, raw diamonds, pharmaceuticals, transportation equipment, and oil products.
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