3. Algeria:

Fifth oil rich nation in the world is stands third in the most difficult countries to do the business. The country’s GDP and FDI in the year 2010 were $159.4 billion and $2.3 million respectively. The nation is greatly dependent on the hydrocarbon sector as they are one of the largest providers of natural gas to the European Union. People in Algeria face a lot of issues for initializing the business, getting access to electricity, registration of property and filing taxes.  Maximum of 48 days is taken for registering a property and about half year to get an electricity connection. The political conflicts in the Arab countries had a positive impact on Algeria’s social and political scenario. The expenses by the government for improving the social and political situation has led to the public sector wage increase and liberal food subsidies IMF has predicted the nation’s economic growth will increase by 3 percent in the year 2012. But this growth will deter in coming years as the gas production from the oil fields has reached the end and will come to an end.