what is the dumbest country in europe what is the dumbest country in europe

High unemployment, inflation, and poverty are rampant throughout the country. Check your inbox to be the first to know the hottest news. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Furthermore, corruption and weak economic structures continue to plague the nation, which has prevented growth in GDP per capita and other indicators of prosperity. Switzerland. As a result of these issues, Albania still has one of the lowest levels of economic development in Europe. With its myriad misshapen countries, centuries-old feuds, and generally above-average health care, we figured it would be the perfect candidate for a ranking. All kinds of waffles. Map of the European countries by HDI value in 2021 (includes transcontinental countries). Come along for the ride! Despite the recent improvements, unemployment and poverty remain among the highest in Europe. It has an estimated population of 44.13 million people. The worst performing country was Austria in 58th place, while Denmark, Sweden, the Czech Republic and Switzerland followed closely behind. Serbia's economy relies on exporting goods like textiles, chemicals, and pharmaceuticals, but it has struggled to diversify its industries and thus depends on domestic production for growth. As a result, poverty levels remain persistently high, with almost 19% of its citizens living below the national poverty line, and a further 50% vulnerable to falling below the line. Lithuania hasn't budged from its position in the previous year, staying at 59 points. And THAT doesnt even cover a bunch of other fantastic places we neglected to mention. In an analysis of data from the International Monetary Fund, it is clear that many eastern European countries face pervasive economic distress. Nationally, 11% of UK adults - 5.8 million people - admitted they . While countries such as Canada and Finland have 89.3 and 88.6% of their biodiversity left intact, the UK only has 50.3% remaining. What is important to understand here is the fact that the data from WEF is of only 150 countries so (of the worlds 196 recognized countries), there may be other countries with worse figures and yet not included in the list. Tuko.co.ke published an article on top 25 highest currencies in the world. Geographically situated between Russia, Turkey, Armenia, and the Black Sea, this former member of the USSR is enduring some difficult times. The countries with the highest COVID-19 mortality at the moment are all in eastern Europe, and some are still resisting the stricter lockdowns their doctors say are needed to stem the spread of . An estimated four times as many authorized (19.6 million to 20.5 million) as unauthorized immigrants (3.9 million to 4.8 million) lived in Europe in 2017. Now, pass the fermented shark as I lounge in this natural hot spring while none of the locals appreciate my hilarious D2 references. It has a population of 4.04 million people. Belarus - $6,411. Europe is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Shirtless. Please check out that article if youd like to find out whether any European countries made that list. (RIP?) Political instability and corruption have also been significant issues. Transcontinental CountriesThere are multitple transcontinental countries (Azerbaijan,Georgia, Kazakhstan, Russia, Turkey) that have continuous territories that span the Europe-Asia continental boundary. But while it may well be the case that Europe experiences low levels of corruption relative to the rest of the world, there's still room for improvement, as well as considerable disparity in corruption levels from one nation to the next. Thirty per cent of the population falls below the poverty line, which means more than half a million people live in poverty. As a result, despite significant progress made in recent years, North Macedonia remains one of the poorest countries in Europe, with an average income far below the European average. After the USSR's disintegration in the 1990s, Albania shifted from a socialist economy to a capitalist market economy. No other natural phenomenon combines majestic beauty and fun-to-sayness the way fjord does. On the one hand, its surrounded by Italy, so how bad can it possibly be? As a result, unemployment remains high and economic growth has been low for several years. Also favorable to middle schoolers: they LOVE putting chocolate sprinkles on bread here. About 30% of Kosovo's population earns an income that falls below the poverty line, meaning that about 550,000 people live in poverty. The US, India and Brazil have. The United Nations recognizes 50 countries in Europe. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. The following are the 47 European capitals, ranked from worst to first. By clicking Sign up, you agree to receive marketing emails from Insider BRUSSELS (Reuters) -The European Commission said on Friday it had reached a deal in principle to allow the transit of Ukrainian grain to resume through five European Union countries that had . 1. The unemployment rate in the country stands at 10.1 per cent. . About 21.5 per cent of its population is below the poverty line. Corruption is rampant in government institutions, and the banking sector has yet to modernize or adequately invest in technology. The conflict between Georgia and Russia over breakaway regions Abkhazia and South Ossetia severely weakened its economy by damaging infrastructure and displacing citizens from those territories driving them into poverty. Theres much more to the Netherlands than being so stoned that you dont care that youve just eaten an entire 16oz jar of mayonnaise with your fries. The number of Russians with incomes below the subsistence level amounted to 13.5%. The nation has long suffered from poverty and political unrest, leading to a sluggish economy that cannot keep up with its nearby European counterparts. The nation has endured a long history of foreign occupation, wars, civil conflict, and economic sanctions. Among these countries, many had fewer than 100,000 unauthorized immigrants in 2017. However, because its population is now 9% Muslim, and this population is extremely vocal, France can no longer a full Western European country. It says that of all the countries in Europe in which we would least like to live, the very worst place - cited by a massive 25% of all respondents, leaps and bounds ahead of anywhere else -. OR IS THAT JUST WHAT HOLOGRAM TUPAC WANTS YOU TO THINK? These issues are compounded by corruption and poor governance, often resulting in citizens feeling disillusioned or disenfranchised from their government. SICILY IS AMAZING PLEASE DONT HURT US. Bosnia and Herzegovina is a country on the Balkan Peninsula in southeastern Europe with a population of 3.2 million people. Montenegro's economy is small and relies heavily upon energy industries. Dependencies (or dependent territories, dependent areas) or Areas of Special Sovereignty (autonomous territories) However, industries such as food and energy production are strong, and Serbia's economic situation continues to improve. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Only with a holistic approach will a real change begin to take shape in these vulnerable European societies. GDP (Millions of US$) 1. Even though stimulus packages from the EU were issued to Greece to help in economic recovery, the country has not made significant strides to improve its economy. Assuming for the sake of conversation that it is a sovereign country and not an independent Serbian territory, Kosovo had a per capita GNI of $4,440 in 2020, making it the third-poorest country in Europe. The poverty rate in the country stands at 8.6 per cent, with more than 15% of the population living on less than $5.5 per day. These alliances included the 1948 Organisation for European Economic Co-operation (OEEC), which would evolve into today's Organisation for Economic Co-operation and Development (OECD), and the European Coal and Steel Community (ECSC), one of the ancestors of today's European Union (EU). In the years before, Belarus had a strong economy and one of the highest living standards among Soviet republics. Additionally, Kosovo has an extremely high unemployment rate of 34.8% as of 2016, with a majority of families earning less than 500 Euros per month. Whos to say?! If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Armenia is a developing country with a struggling economy due to years of political and economic instability. For example, Kosovo is a territory that many consider independent, but others consider to be part of Serbia. To investigate this disconnect a bit more, we've put together a list of these products that have been banned abroad but are . Why, then, are fares still so high? The European Union economy is the second-largest economy in the world behind China. In this edition of the index, Romania's score in the corruption perceptions index worsened by one point compared with the previous year. They allege British food is "drab" and the "weather is even worse". When we were searching an answer for the 20 dumbest countries in Europe, we were surprised to see the likes of Italy and Turkey in the list. Despite its recent struggles, Moldova is making progress, with the percentage of the population living below the national poverty line decreasing from 30.2% to 9.6% between 2006 and 2015. According to a reported by the United Nations, in. The 2018 currency crisis impeded Turkey's downward trend in poverty. Over the past two decades, Greece has suffered significant economic and social upheaval. Meanwhile, countries in western Europe accepted United States aid in the form of the European Recovery Program (ERP), also called the Marshall Plan, and linked their economies together through various trade and economic alliances. 1615 L St. NW, Suite 800Washington, DC 20036USA It's also got those pretty bridges to walk over, a pained history that ended with the beautiful Velvet Revolution, a leader in Vaclav Havel who was also a damn fine poet/playwright/keeper of a small mustache. Youth unemployment is a serious problem in the country as more than 60 per cent of young people are jobless. Moreover, tensions between ethnic groups remain high and hinder reconciliation efforts. T11. While poverty remains an issue in Serbia, the country is making strides to counter it, such as joining the EU. With a per capita GNI of $3,540, Ukraine is the poorest country in Europe as of 2020. European countries by share of total Europe's Nominal GDP. This speaks to both the scrappy determination of the Lithuanian people, and the scope of leisure activities available in Lithuania. The worst of the pandemic has subsided, countries are accessible again and airlines expect decent profits now that business and leisure travel has returned. To make the continent a bit more accessible and fun, we set out to find one fascinating, eye-opening, no-way-it's-true fact about every single European . Very high HDI. The average amount Britons lose to online scams is 1,169 each - with 7% claiming to have lost more than 7,500 to scammers. Theres also a wealth of stunning geological features that will not be discussed in detail here because we cant figure out how to make that o with the diagonal slash running through it. The report is a detailed one and analyzes and assesses the competitiveness of 144 countries in numerous departments while identifying key indicators of prosperity and productivity. Like other former Soviet republics, Belarus faced economic trouble following the disintegration of the USSR. All of these factors combined create a financial situation that continues to pressure the Greek economy. Tax Havens: 10 Most Popular Financial Centres Where Super-Rich People Keep Money. May we have some ham? The fall in the poverty rate reflects the country's economic growth inclusiveness. Rest assured this will all make sense later when you read about Norway. (Gets hit by lightning.). Explainer: What Offshore Accounts Are, How They Operate, and Their Legality. Trade accounts for about 90% of the country's GDP. Meanwhile, the estimated ratio of authorized to unauthorized non-EU-EFTA citizens is much higher in France (nearly nine times as many), Italy (nearly six times as many) and all other EU-EFTA countries as a combined group (about six times as many). Serbia is a country located in southeastern Europe. But that surprise is likely because many people haven't made it to this Central European country. The landlocked country located in Eastern Europe has a population of 2.6 million people. By the way, we already identified the dumbest countries in the world in a previous article. We have used WEFs Global Competitiveness 2014 2015 report as our main source. Between 1.0 million and 1.2 million unauthorized migrants were estimated to live in Germany in 2017, with roughly the same number (800,000 to 1.2 million) in the UK. (Annual estimates for the number of unauthorized immigrants living in each European country between 2014 and 2017 can be found in Appendix B. (Note: the year was 1985, in this scenario.). 25. Its population is estimated at 2.8 million people. High unemployment rates further exacerbate financial hardship for citizens. Explore how . Although there have been great improvements, poverty is still a major problem. However, poverty has remained high in the country and GDP per capita has remained one of the lowest among transition economies. In addition, global events such as the pandemic regularly disrupt the economy's heavy reliance on remittances from abroad. Azerbaijan has a GDP per capita (PPP) of $18,310 and is considered poor due to a heavily skewed economy that mainly relies on its natural resources for income. Britain's story these days is somewhere between tragicomedy and farce. So, onto the rankings, as we prepare to hear from our grandmothers about the placement of Vatican City. However, when the USSR collapsed, Ukraine had difficulty transitioning into a market economy, which sent much of the population into poverty. Additionally, the unemployment rate is one of the lowest in the EU at 4.9%. In recent years, the country has relied heavily on foreign aid and remittances from Albanian emigrants to bolster its economy. Kosovo is a partially recognized state that declared itself independent from Serbia in 2008. (+1) 202-419-4372 | Media Inquiries. Imagine if Greece and Turkey had a baby that neither of them really ended up wanting so it grew up kinda strange, but in a lovable and endearing way. More than 12 percent of the population lives below the poverty line, and the unemployment rate is 16.20 percent. Most of the population work in agriculture and food processing, despite unemployment rates hovering around a favorable 4%. While the poverty and unemployment rates in the country have not gone down, the economy is slowly and steadily improving. Extracted from the report, we have picked our 4 categories which may prove out to be substantial when trying to measure the dumbness of a country. Deputy Editor Matt Lynch once found out his Irish relatives were originally from France, explaining his fervent enthusiasm for beer and cheese. Istanbul is an even better city than that They Might Be Giants song (and that was a REALLY good song). There are multitple transcontinental countries (Azerbaijan,Georgia, Kazakhstan, Russia, Turkey) that have continuous territories that span the Europe-Asia continental boundary. The European Union's collective economy ranks as one of the top three in the world alongside the United States and China (the exact order switches depending upon the specific statistic being compared). Man, that was crazy. That dubious honour now goes to Britain. Brussels; United Kingdom . Invite him on your next vacation @MLynchChi. While these nations have varying levels of GDP per capita according to Purchasing Power Parity (PPP), all suffer from poverty rates significantly higher than wealthier nations like Germany or France. 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From its architectural masterpieces to its towering mountain ranges, seaside cliffs, and hilltop villages, your camera will thank you for visiting this magical spot. Nearly 18,000 people globally and about 4,700 in Europe were surveyed for the 2022 Best Countries rankings. And one could play the same game with art. 'Unfortunately, it is looking very bad for the UK,' says Katia. But theres much more to Romania than legendary impalers. * Due to size and unreliable datasets, Andorra, Liechtenstein, Monaco, San Marino and Vatican City were left off this list. . Since the fall of the communist government, the economy has vastly improved. Other countries in the EU have witnessed economic growth as a result of this same process. It scored 50 points again, showing no signs of improvement or decline. Macedonia's economy has been affected by its internal political crisis and corruption. But if your mom is cool/ terrible at geography, there are some lovely beaches! As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. The country has an unemployment rate of over 16%, and its GDP per capita is one of the lowest in Europe. The poorest countries in Europe are those that were severely affected by World War I and World War II and the downfall of the Soviet Union. Your country has to be pretty sweet if youre the worlds leading supplier of flowers and decorative trees, but it also doesnt hurt that it's got by far the largest port in Europe in Rotterdam, an elected parliament since 1848, historically tolerant and progressive laws (first country in the world to legalize same-sex marriage), the International Court of Justice, and what many middle schoolers would envision as the perfect amount of bike lanes. Quietly follow him to the high ground @KAlexander03. Certain currencies are so strong that they would create significant economic turmoil globally if they collapse. Once known primarily for being ruled by knights and producing sweet falcon statues sought by Humphrey Bogart, Malta is now known as a stable island nation where wealthy Europeans can go to enjoy pristine beaches and have gallbladder surgery. Unemployment rate is estimated at 34.8 per cent, which means that almost one-third of the population does not have jobs. The origins, time in country and demographics of unauthorized immigrants in Europe, Appendix A: Nationalities by regional classification, Appendix B: Unauthorized immigrant population trends with waiting asylum seekers, by country, Appendix C: Unauthorized immigrant population trends without waiting asylum seekers, by country, Key facts about the changing U.S. unauthorized immigrant population, Americans broadly support legal status for immigrants brought to the U.S. illegally as children. The Welsh economy minister, Vaughan Gething, has claimed there are 1,000 imminent job losses in universities across Wales because replacement for EU funding leaves the country 1.1bn worse off. Elsewhere, there are several countries in Africa, Latin America, South America, and the Middle East ranked Levels 3 and 4. Prior to Noma's emergence, South Parks description of the Danish as the Canadians of Europe felt pretty apt. Kevin Alexander is Thrillist's Executive Editor, and wo-- (silently puts down computer as bog wolf approaches). According to European GDP rankings, Serbia is one of those countries that are still struggling economically. We still like this investment. As a result, most of the UKs unauthorized immigrant population is likely people who have overstayed their visas or asylum seekers who have remained in the UK after not seeing their cases approved. These issues have resulted in Belarus being one of the poorest countries in Europe. Like Lithuania, Latvia hasn't improved or worsened compared with the previous year, remaining at 58 points. Portugal. Did they fight about who got to have their name first, or was it just alphabetical? We initially share this idea in October 2018 and the stock already returned more than 150%. In each of these countries, anywhere from less than 1% to slightly more than 2% of country populations were estimated to be unauthorized immigrants in 2017. Its population is estimated at 1.8 million. But as it stands now the UK still HAS Scotland, so, quite a package when you break it all down. The population of Turkey is estimated at 84.34 million people. You are already subscribed to our newsletter! This is basically a recipe to generate better returns than Warren Buffett is achieving himself. **If counted as European countries rather than Asian countries, the transcontinental countries Azerbaijan ($4,214) and Armenia ($4,268) would also appear on the above list. And though we are both admittedly stupid Americans, and as such, come with our own biases, subjective opinions, and large backpacks, it's worth pointing out that we have been to roughly 75% of these countries. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. "Sure, the food is perfection, the art scene is out of control and theres enough history to fill several volumes of textbooks. Was of course a real person, had a real castle on a cliff that still exists, and was not all that nice to his enemies when fighting wars against the Ottomans. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. As an IQ score below 70 is the generally recognised benchmark to consider someone "clinically retarded," it is thus not unfair to say that the significant majority of the country's populace could be referred to as retarded. For example S&P 500 Index returned 43.4% in 1958. This has been one of the worst impacts of Islam on any country, with the relatively small Muslim population expecting and receiving enormous adjustments from a liberal . Read our research on: Congress | Economy | Trust in Media. The country's 2020 per capita GNI is $6,330. Any culture so thoroughly devoted to beer and sausage has much to offer -- everyone should experience actual Oktoberfest at least once, as its far superior to when your local bar offers $4 Hofbrau drafts, blasts some Hasselhoff, and calls it an Oktoberfest party. Everyone should also go to Berlin, which for obvious historical reasons is truly unlike any other city on the planet. Did you know blood feuds between Albanian families are still quite common? To get a grasp on the economic playing field, one must identify the factors underlying inequality among European countries. The Russian Federation also suffers from widespread economic difficulties mainly caused by a lack of trust amongst investors combined with global sanctions put into place following its annexation of Crimea in 2014. Here are the top 10 Best Countries, according to Europeans. Montenegro is a country in Southeastern Europe that is home to more than 600,000 people. The government introduced a range of social, economic and political policies geared towards economic development. Just a little too close to Syria for your mom to be comfortable with you heading there for a few weeks of grapefruit agrotourism. Watch as holidaymakers are filmed battling for sunbeds at resort before 8am, The secret UK beach - with pubs nearby where you can swim with cows, I bought a campervan to go on holiday - but I've earnt 25k renting it out, Incredible Travelodge where even royalty stayed and rooms start from 39, News Group Newspapers Limited in England No. You know how you get stereotyped for having an alarmingly good-looking population? Its countryside remains staggeringly beautiful even when its raining. So which are the poorest countries in Europe? Some of Ukraine's continuing issues contributing to its poverty are government corruption, Russian aggression (specifically Russia's illegal seizure of Crimea in 2014 and the ongoing invasion started in 2022), and weak infrastructure. REALLY good. These categories when taken alone may not be enough to decide about the dumbest countries but when analyzed and taken as a mix forms a great scale to measure the dumbness of any nation. Thirteen Hungarian-born scientists have won Nobel Prizes, and on top of all that, Hungary's own Dennis Gabor invented holography, meaning hologram Tupac wouldnt have been able to play "California Love" at Coachella if not for Hungary. As a result, poverty is endemic to Bulgaria, particularly among rural populations. Another metaphor we were toying around with: its like a country as imagined by Puff Daddy in the directors cut of a ros commercial. Liar. Is that why they call it Stockholm syndrome? However, it still has one of the lowest per capita incomes and gross wages in entire Eastern Europe. However, the transition of the government to a constitutional republic and the implementation of economic plans and reforms partially alleviated the severity of the poverty. With high unemployment and an aging population, it will be possible for Montenegro to break out of its cycle of poverty with sustained investment from domestic and international sources. **If counted as European countries rather than Asian countries, the transcontinental countries Azerbaijan ($4,214) and Armenia ($4,268) would also appear on the above list. Being a landlocked nation with crippling unemployment that has the distinguished honor of being frequently described as one of the less-desirable former Yugoslav republics.. The fall of the Communist Party left the country with high levels of extreme poverty. We are not economists!). The country is not there amongst the top 10. Despite improved economic growth, the unemployment rate is still alarmingly high, with almost one-third of working-class citizens unemployed. Steve Davis net worth 2021: Is he the richest snooker player? The Hall & Oates of former Yugoslav republics (Bosnia is Hall, clearly). Is Harrison Ford gay? By contrast, the UK estimates show little change between 2014 (900,000 to 1.2 million) and 2017 (800,000 to 1.2 million) in the number of unauthorized immigrants. As a result, the country's gross domestic product is less than other nearby European countries, and it has one of the lowest per capita incomes in the continent. The high levels of unemployment in the country are driven by corruption, nepotism in the workforce and overall economic stagnation. Considering Bulgaria is already at the top of the European Union countries in the index, it's bad news that the nation has worsened by one point compared with the previous year. Warren Buffett has been investing and compounding for at least 65 years. Youreprobably OK? It is, therefore, essential that Greece's leadership finds long-term solutions to secure lasting financial stability and reduce Greece's reliance on external financing. Bulgarians have been living in poverty since the fall of the communist regime in November 1990. In addition, the country has been dealing with low levels of foreign investment for many years, leading to high unemployment rates and a lack of access to new technologies. Denmark nabbed the top spot, due to its "overall quality of life" followed by Portugal, Greece, Spain and Poland.