Top 10 countries with highest risk of doing business

Political instability, high corruption levels, unfriendly business regulations and environment are just some of the factors that make a country an unfavorable place to do business in. War ravaged countries of the Middle East and Africa are either too risky for doing business or totally closed to business initiatives taken or proposed by foreign, even global companies. Countries where military coups often occur, or that place too much taxes on corporates are shunned by corporates.

The African country of Eritrea stands at the top of the table of countries with the highest risk of doing business. The country is placed at the 189th rank. Coming second is the North African nation of Libya. The country is not conducive to doing business due to the political instability being faced with the fall of Muammar Gaddafi, the erstwhile dictator of the country. The newly created country of South Sudan, which faced nearly 20 years of civil war, was placed at the third spot of the countries which are not favorable for business. The South American nation of Venezuela, which is facing the world’s highest inflation rate at 180 percent and shortage of basic goods, is the fourth country to be placed on the countries with the highest risk of doing business. The other countries on the top ten list are all African nations and include Central African Republic, Congo Democratic Republic, Chad, Haiti, Angola, and Equatorial Guinea.

Ease of doing Business Index (1=most business-friendly regulations)
Country Name 2014 2015
Eritrea 189 189
Libya 188 188
South Sudan 186 187
Venezuela, RB 184 186
Central African Republic 185 185
Congo, Dem. Rep. 187 184
Chad 182 183
Haiti 179 182
Angola 183 181
Equatorial Guinea 178 180
Liberia 180 179
Guinea-Bissau 181 178
Afghanistan 175 177
Congo, Rep. 174 176
Syrian Arab Republic 173 175
Bangladesh 172 174
Timor-Leste 167 173
Cameroon 168 172
Djibouti 169 171
Yemen, Rep. 165 170
Nigeria 170 169
Mauritania 176 168
Myanmar 177 167
Sao Tome and Principe 163 166
Guinea 171 165
Madagascar 166 164
Algeria 161 163
Gabon 156 162
Iraq 160 161
Niger 164 160
Sudan 158 159
Pre-demographic dividend 161 159
Benin 162 158
Fragile and conflict affected situations 157 158
Bolivia 155 157
Suriname 154 156
Zimbabwe 153 155
Low income 156 155
Comoros 159 154
Senegal 156 153
Burundi 151 152
Heavily indebted poor countries (HIPC) 152 152
Gambia, The 150 151
Least developed countries: UN classification 151 151
Togo 152 150
Kiribati 143 149
Micronesia, Fed. Sts. 146 148
Sierra Leone 147 147
Ethiopia 148 146
Papua New Guinea 141 145