financetom
News
financetom
/
News
/
'Anything goes': The 5 most and 6 least corrupt nations in the world
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
'Anything goes': The 5 most and 6 least corrupt nations in the world
Dec 11, 2021 10:25 AM

'Anything goes': The 5 most and 6 least corrupt nations in the world

SUMMARY

Transparency International has recently released its 2020 Corruption Perceptions Index, a list of 180 countries that have been ranked according to the public's perception of their country’s public sector.

By CNBCTV18.comDec 12, 2021 9:24:16 AM IST (Updated)

“The data shows that despite some progress, most countries still fail to tackle corruption effectively,” stated the group in the report. The global average score was 43 across the 180 countries, highlighting that individuals on average believed that countries were more corrupt than not.Here is the list of the most and least corrupt countries:

No. 5 Sweden |The Scandinavian nation received a score of 85 out of 100, signalling that it was nearly twice as ‘clean’ as the global average in terms of corruption.

No.3Singapore |With a score of 85, the tiny Southeast Asian city-state tied for the third spot as the least corrupt nation on Earth.

No. 3 Switzerland |The landlocked European nation was also tied for third with a score of 85, thanks to its strong laws on corruption.

No. 3 Finland | Another Scandinavian country on the list, Finland consistently ranks well in terms of several social metrics. Finland was also tied for third with a score of 85.

No. 1 New Zealand | The tiny oceanic nation was tied for first with an impressive score of 88, this being the eighth consecutive time that the country was ranked the least corrupt nation on the list. Though its score did slide by 2 points over the past year.

No.1 Denmark |The third Scandinavian nation in the top 5, Denmark also scored 88 out of 100 to tie with New Zealand for being the least corrupt nation in the world.

No. 3 Venezuela |The South American nation had a dismal score of just 15 out of 100, making it the third-worst nation in terms of corruption.

No. 3 Yemen | The war-torn nation of Yemen has been facing several crises, one of which is rampant corruption. With a score of 15, Yemen tied with Venezuela as the third-worst nation in terms of corruption.

No. 2 Syria | Another nation ravaged by war, Syria’s political elite have often been criticised for rampant corruption in their dealings. The nation scored 14 out of 100, and is the second-worst nation in terms of corruption.

No. 1 South Sudan |The newest nation on Earth is still experiencing growing pains as corruption remains rife in the public sector according to the public. With a score of just 12 out of 100, South Sudan is tied for first position as the worst nation in terms of corruption on the list.

No. 1 Somalia |The East African nation of Somalia is tied for the country with the worst corruption problem in the world with a score of 12. Graft, insecurity and instability remain major issues in the nation.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
‘We view this as an irrational market,’ Citigroup analysts worry that major bank stocks like Deutsche Bank are cratering for psychological reasons
‘We view this as an irrational market,’ Citigroup analysts worry that major bank stocks like Deutsche Bank are cratering for psychological reasons
Jan 15, 2024
  Deutsche Bank's Plunge: Irrational Market Fears or Underlying Issues?   A Series of Bank Failures and Investor Jitters   The financial world has been rocked by a series of high-profile bank failures in recent weeks, starting with Silicon Valley Bank (SVB) and Credit Suisse. Now, concerns are mounting over the stability of Deutsche Bank, Germany's largest lender. Shares of Deutsche Bank plunged...
A fed official just said abandoning the 2% inflation target would be a ‘disaster’ that would send the world back to the ’70s despite banking crisis
A fed official just said abandoning the 2% inflation target would be a ‘disaster’ that would send the world back to the ’70s despite banking crisis
Jan 15, 2024
  The Fed's Inflation Fight: A Delicate Balancing Act   The Fed's Mission and the 2% Inflation Target   For over a year, the Federal Reserve has been engaged in an intense battle against inflation, aiming to bring it down to its 2% target. This mission is driven by a mandate from Congress and the President to maintain stable prices for the U.S....
Deutsche Bank scare forces German chancellor to borrow line from Silicon Valley Bank CEO: ‘No cause for any kind of concern’
Deutsche Bank scare forces German chancellor to borrow line from Silicon Valley Bank CEO: ‘No cause for any kind of concern’
Jan 15, 2024
  Is Deutsche Bank the Next Credit Suisse? Germany's Chancellor Weighs In   Don't Panic: A Chancellor's Plea Amid Market Turmoil   In the face of a full-blown crisis, lecturing people not to panic rarely proves effective, and sometimes even exacerbates the situation. Despite this, German Chancellor Olaf Scholz attempted to instill calm after shares in Deutsche Bank plummeted by 15% on Friday....
The market smells hedge funds behind the Deutsche Bank massacre on Friday: ‘A clear case of the market selling first and asking questions later’
The market smells hedge funds behind the Deutsche Bank massacre on Friday: ‘A clear case of the market selling first and asking questions later’
Jan 15, 2024
  Deutsche Bank's Stock Plunges Amid Heightened Market Volatility   Recent Declines   Shares of Deutsche Bank AG took a significant hit on Friday, falling as much as 15% in early trading before recovering slightly to close down 8.5% in Frankfurt. The reasons behind the sudden selloff remained unclear, although analysts pointed to broader market turbulence and concerns about the bank's exposure to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved