Transparency International has released its 2023 Corruption Perceptions Index (CPI). The report examines 180 countries, each rated on a 100-point scale. The authors point out that the corruption problem has not changed much worldwide: “The CPI global average remains unchanged at 43 for the twelfth year in a row.” The country with the lowest score (11) is Somalia. The top country was Denmark, with a score of 90. It has held the top spot for six years. The United States ranked 24th with a score of 69. (The U.S. government is currently involved in 15 secret wars.)
The rank of countries and territories is based on perceptions of corruption, using data from 13 external sources. These include the World Bank, World Economic Forum, private risk managers, consulting companies, and nonprofit think tanks. The scores are not based on the general public’s view. Instead, the poll results reflect the views of experts and businesspeople. Scores are further based on yardsticks that include bribery, the ability of governments to control corruption, and laws that make public officials report conflicts of interest. The entire methodology is here.
About Somalia
Somalia is an extremely poor country and one that has suffered from civil war. According to the World Factbook (formerly the CIA World Factbook), Somalia has 12.6 million residents. It is on Africa’s east coast, bordered by Ethiopia and Kenya, and on the other side by the Arabian Sea. The Factbook’s evaluation: “Somalia scores very low for most humanitarian indicators, suffering from poor governance, protracted internal conflict, underdevelopment, economic decline, poverty, social and gender inequality, and environmental degradation.”
At 56 years, life expectancy ranks 225th based on all nations covered by the Factbook. Gross domestic product per capita ranks 227th at $1,100.
Based on the metrics used by Transparency International, Somalis is likely to remain at or near the bottom of its CPI indefinitely.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
