This world map shows a list of countries that are considered least affected by the global economic crisis.
See: Financial Crisis in Plain English
Australia takes the top spot followed by China with India and Singapore in equal third place. Qatar is the only gulf nation that figures in this "relatively" recession-proof list.
The data is based on the results of a business confidence survey that was done on international business people of 24 nations to identify which countries they believe are surviving the crisis the best.
The countries perceived to be surviving the economic crisis the best, as voted by international businesspeople are:
More on Herald Sun and Servcorp, the company that commissioned the survey.
Find this article at: http://www.labnol.org/internet/countries-least-affected-by-economic-recession/8814/
Reader Comments
It’s funny to see that the Netherlands does it pretty good as an European country.
Written by Arjen on 05.26.09
South America is a country now? If it is, why is Brazil also on the list?
Written by DivinoAG on 05.26.09
If I have to believe on these rankings then I should be asking which countries are most affected? Majority of these countries are money churning countries and if they are not affected who has?
Written by TJ on 05.26.09
United Arab Emirates not affected by the recession? That’s the funniest joke I ever heard lately. It is CATASTROPHIC in Dubai to be exact!
Written by George on 05.27.09
I think Singapore was in recession last year itself. It’s economy contracted by more than 4%.
Further I believe both Japan & Australia are in deep recession
Written by Kowcigan on 05.27.09
Japan has been an export based economy since the loss to the U.S. in WWII. There production has fallen off by 25% IN A QUARTER how are they less effected than the U.S.?
Written by Joshua Vaughan on 05.27.09
Surprising to see India ranked 3 in the list. Let’s hope India makes the most out of it.
Written by iWrite2Know on 05.28.09
I see Scotland and England have declared independence.
South America is a country? I guess Brazil declared independence as well.
This survey is an absolute joke.
Apart from all of this – Japan weathering the recession?
Written by John King on 05.28.09
What about Vatican City? It is also a sovereignty country. and it has about 1000 people with about USD 1 billion expense per year.
Written by tonemaru on 05.28.09
England doesn’t even have its own government… do you mean the UK?
Written by Joe Anderson on 05.28.09
UAE, USA, Ireland are the nuts
When did england become a country, its most affected state within britain, South America also a country, what sort of cowboys put this together
Written by Thomas on 05.28.09
UAE NOT AFFECTED ?!??! HAHAHHAHAH
House prices fell the most here 40% !!
Sheikhs are broke
Expatriates have left by the thousands from here
Written by Watani on 05.28.09
Japan? – havent they been hit the hardest
Japan and the UK should at the bottom lol and I am in the UK
Written by Ricky on 05.28.09
“England and Scotland have declared independence”
From whom?!
The Federal Republic of Wales and Ulster.
You seriously have to doubt the validity of this “survey”, based on hearsay and conjecture, which are “Kiiinds of evidence”!
btw, where is ‘Island of stability’ Poland?
Written by Kev O’Lution on 05.28.09
India is not in recession but has been badly hit by the global slowdown and the crisis in different sectors,mainly IT and Software services.But the other sectors are hardly affected,not to forget the fact that India’s major share comes from agriculture
Written by Joya on 05.28.09
Singapore is greatly affected by the recession since exports made up about 60% of their GDP. Malaysia is lesser affected by the recession compared to Singapore
Written by JB_Guy on 05.29.09
To Kowcigan and Watani: Japan is not an export driven country. It is the second most export independent country within the major countries. The percentage of export that contributes to GDP is mere 15.5 %. China and Germany are both in 40% range. Now with import, Japan is even less dependent on import than the U.S. Overall, the fact is that Japan is the second least import/export dependent country in the world relative to its GDP. Japanese companies’ largest customers are all in Japan. So Japan is more of domestic demand driven economy compared to other nations. It makes total sense that the Japan is suffering less than most European and in particular in this instance American counterparts. The news that emanates from West is most likely the propaganda of Europe and Americas based on sour grape scenarios, attempting to tone down Japanese might.
Written by Cranknicholson on 06.01.09
@Kowcigan Australia is not in deep recession; the most recent federal budget projects a return to growth in the year after next, after a relatively brief period of negative growth.
Written by Helen on 06.01.09
No.1 – Poland! By far! Surprisingly, its economy is grwoing, unemployment falling. In the fist quarter 2009, its individual consumption rose by 3.3 percent, fixed investments by 1.2 percent, and construction by 3.4 percent!
Poland is the only country wheathering the worldwide recession.
Written by JohnClerkson on 06.01.09
Australia had unemployment fall last month, and positive GDP growth in the quarter to March. I think there are many other undeveloped nations still growing, I’m not so sure there are any other developed nations still showing positive growth and haven’t entered tecnical recession at all yet.
Written by Rod Rye on 06.02.09
Poland. You missed this one. We do not see any recession. At all. At least our government says so.
Written by Michal Frackowiak on 06.03.09
Countries which has big enough domestic market are relatively recession proof.
by the way you can sell a refrigerator or a TV set only once in 5 years, so called developing countries can handle this recession.
Written by Ujjawal on 06.03.09