1. Venezuela

FDI 2010 – 1.4 billion

GDP 2010 – 387.8 billion

The report says that out of the 50 countries listed as the worst business areas, Venezuela has to be ranked number one for its unusual and uneven business atmosphere. Firms spend 864 hours to file and pay taxes in this economy out beating any other economy in the world. It has unnecessary rules even for the nationals like – photographs and finger print detections to with draw your own money from the bank. It has very less and fixed withdrawals from ATMs. Identification is mandatory even for buying groceries from regular stores. Inflation strikes this economy to its maximum letting administration lose all control.