from countries crippled with debt and violence to countries where 80% of people live below the absolute poverty line these are the 10 fastest collapsing countries in 2024 number 10 the United States it may sound unfathomable to some that the so-called land of opportunity is potentially facing a decline yet beneath the glitzy shell numerous worrying problems are emerging that hint at serious troubles ahead compared to war Tor countries of course the United States seems to be standing stronger at least on the surface yet underneath the facade of stability it is the nation's economy division immigration crisis and soaring debt problems that are leading many to believe it is on the brink of collapse in February 2024 Insider monkey compiled 15 countries with economic growth or debt problems in 2024 the United States came ninth on their list they attributed this ranking due to the fact that the national debt currently exceeds $34 trillion because of deficit spending the pandemic and the issuance of government bonds to finance deficits they added that the United States government has consistently spent more money than it earns from taxes since 2001 in addition Rising interest rates can increase the cost of servicing the debt impacting government finances and potentially slowing down economic growth another major issue leading many to believe the United States is collapsing is the surge in migrants in April 2024 BBC News stated that the record surge of illegal border crossings in recent years has made immigration a top voter concern however the migrant issue in the United States is not just a source of speculation regarding potential collapse it is also exacerbating friction between states as they grapple with the consequences of changing demographics and resource allocation States like Texas have taken drastic measures such as spending over $148 million to bust migrants to other states to alleviate the pressures on their own infrastructure and services creating a ripple effect of discontent and logistical challenges in places like New York and Chicago meanwhile states such as Colorado are witnessing a surge in crime waves attributed to the influx of Venezuelan gangs raising concerns about public safety and Community stability number nine Pakistan Pakistan a vibrant tapestry of cultures and Landscapes emerged as a distinct nation in 1947 thanks to the tireless efforts of Muhammad Ali janah and countless others who dreamt of a Homeland nestled between India and Afghanistan it boasts everything from the Towering peaks of the Korum to the bustling bazaars of lore however in recent years Pakistan has faced its fair share of challenges think of it as the country trying to assemble Ikea of furniture without the instructions as a country Pakistan has struggled on and off for decades however in 2023 the conversation around a potential collapse really heated up in February 2023 The Intercept stated that there were three crises intersecting in Pakistan an economic crisis a political crisis and a security crisis jumped to 2024 and some might say Pakistan is bouncing back from its 2-year slump following political volatility but others would strongly disagree economics Observatory hailed Pakistan the Phoenix that never Rises not exactly a crown they will be happy wearing they claimed that the country's recent election has further eroded trust between citizens and the state and the economy continues to fall behind its Asian neighbors with low rates of productivity growth and an unsustainably high burden of external debt in February 2024 Reuters reported that Pakistan's de to GDP ratio was over 70% and the IMF and credit ratings agencies estimated that the interest payments on its debt will soak up 50 to 60% of the government's revenues in 2024 number eight Ghana Ghana known as the Gold Coast before gaining independence in 1957 has a rich history that includes vibrant cultures ancient kingdoms and the once thriving transatlantic trade this West African nation is is renowned for its warm Hospitality bustling markets and the rhythmic beats of high life Music proof that even in tough times ghanians know how to dance like no one's watching yet Ghana has faced considerable challenges and as of June 2024 it finds itself in its worst economic crisis in a generation according to the conversation they stated that the past 2 years have seen record high inflation in the country hitting 54% in 2022 they also added that Ghana's Central Bank the bank of Ghana has been criticized in some quarters for its role in the country's economic malaise which has hit the profitability of ghanian banks however there are steps being made to help this collapsing country in October 2024 the financial times reported that Ghana will depart a debt default after the West African nation completed a restructuring of $13 billion in US bonds which will hopefully pave the way for a return to Global Capital markets while this is positive news Ghana is still struggling in many ways as if juggling economic challenges wasn't enough the country is now grappling with the rise of unlicensed gold mining where Wildcat miners are digging for riches faster than you can say Gold Fever these booms while tempting for those looking for a quick payday have led to significant environmental damage according to Reuters who claim the Wildcat gold mining boom is poisoning people and nature number seven Tunisia Tunisia the Charming North African gem known for its stunning Mediterranean Coastline in ancient ruins has a history that reads like an epic adventure novel from the Magnificent carthaginian Empire which gave us Hannibal and his elephants because why not to its pivotal role in the Arab Spring Tunisia has seen its fair share of dramatic plot twists and according to the Carnegie Endowment for International Peace this V country has been teetering on the brink of Crisis for several years in 2022 cidob stated that tunisia's economy was falling off and becoming less attractive to foreign investors attributing much of this to the regular downgrading of Tunisian credit by the international rating agencies Tunisia has also been grappling with a political Crackdown according to Human Rights Watch in February 2023 a wave of arrests targeted opponents of very ious political affiliations activists lawyers judges and the director of a popular radio station most of whom were accused of conspiracy against State security this has created a great sense of unease in the country moreover travel to the country has taken a hit over the last few years with fears of attacks looming large according to gov. uk the FCD advises against all travel to parts of Tunisia particularly Western Tunisia including the Tunisia Algeria border number six Argentina Argentina a vibrant tapestry of Tango football and fine malbeck has a history as colorful as its famous Carnival parades following its independence from Spain in 1816 Argentina spent much of the 19th and early 20th centuries hopping from one political upheaval to the next like a Tango dancer avoiding a misstep with its passionate people you might say the nation feels things a little more than others after all it's hard to argue with a country that's dedicated a national holiday to dia del Amigo or friends day however Argentina is a country that many believe is facing collapse in 2024 according to economics Observatory Argentina is teetering on the brink of economic collapse due to a decade of economic stagnation and Rising poverty and one of the world's highest inflation rates according to the obser obervatory of social debt at the Argentine Catholic University by March 2024 the poverty rate in Argentina had skyrocketed to a staggering 55. 5% while the rate for extreme poverty has risen to a worrying 17.
5% confirming a critical peak of a near doubling in the number of people living in extreme vulnerability with poverty soaring crime has also increased according to the buades times since the beginning of 2024 crime has picked up in both the capital and the surrounding metropolitan areas of buen aites with homicides robberies and Petty thefts all seeing increasing numbers number five Venezuela Venezuela a land of breathtaking Landscapes and spectacular natural resources has experienced a roller coaster ride of highs and lows since it declared independence from Spain in 1821 picture a nation blessed with oil so plentiful that it was once the Envy of many but unfortunately instead of using it to cruise smoothly down the highway to Prosperity it feels like they've hit every pothole imaginable along the way in August 2024 BBC News reported the tensions escalated in Venezuela following a government-controlled electoral Authority declaring Nicolas Madura the winner of the presidential election this announcement sparked protests and discontent among the populace leading many to question not just the legitimacy of the elections but also the future direction of their country amidst soaring inflation and widespread hardship BBC News claimed that the election has been described as undemocratic by independent observers and the result announced by the national electoral Council has been dismissed as fraudulent by the opposition in September 2024 Human Rights Watch reported that amidst the Crackdown on Pro protesters Venezuelan authorities are committing widespread human rights violations against protesters opposition leaders and even bystanders as a result of such unrest many Venezuelans are choosing to flee the country according to Atlantic Council more than 7. 7 million Venezuelans which is around a quarter of the population have left the country since 2014 they added that amid the rise of insecurity in Venezuela the US and its part ERS must prepare for a new wave of immigration number four Burma or Myanmar it likely comes as no surprise that Burma now known as Myanmar is widely considered to be a country on the brink of collapse as if it's been holding its breath while waiting for a miracle that's never quite arrived after gaining independence from British colonial rule in 1948 Myanmar seemed poised for greatness but instead it engaged in a longstanding waltz with military dictatorship and civil unrest hardly the graceful dance one might expect you might recall that in the 2008 action flick Rambo our beloved ex Green Beret took on the villainous military forces with bullets Brawn and an abundance of onliners leading many to wonder if Rambo can save the day why can't real life be just as simple alas the harsh reality is that the nation's struggles run much deeper deeper than a Hollywood script with ongoing conflicts humanitarian crises and political oppression overshadowing any action hero fantasies in December 2023 rescue. org compiled a list of the top 10 crises the world can't ignore in 2024 Myanmar came fifth on their list they noted how 18.
6 million people in Myanmar are in need of humanitarian assistance nearly 19 times more than before the military take over they added that over 335,000 people have had to flee their homes since the latest escalation began leaving more than 2 million people displaced across the country and the horror doesn't end there security has rapidly deteriorated in the country with severe impacts on civilians and their access to basic services and humanitarian Aid on top of this they stated that climate change means that communities in Myanmar are exposed to more frequent natural hazards particularly Cyclones number three Burkina Faso Burkina Faso a landlock gem in West Africa has had more twists and turns than a traditional African dance originally known as Upper Volta during French colonization the country gained independence in 1960 and has since been a dazzling tapestry of ethnic diversity vibrant culture and that undeniable West African Jad deiv with a name that translates to the land of upright people one might assume that this nation is perpetually Standing Tall but history has shown it has often been caught in The Fray of political upheavals and struggles for democracy in June 2023 Bina Faso topped the Norwegian Refugee council's list of the world's most neglected displacement crises leading many to reflect on the dire humanitarian issues that have plagued the nation they claimed that that redirection of Aid and attention toward Ukraine has increased neglect of some of the world's most vulnerable people in binaso in September 2023 Burkina Faso came forth on rescue. org list of the top 10 crises the world can't ignore in 2024 they stated that Burkina Faso is facing rapidly growing and spreading violence as the binab military struggles to contain armed groups they added that half of the country is now outside government control with armed groups including Islamic State in the greater Sahara isgs and jamaat nrat Al Islam W muslimin jnim blockading cities and towns and preventing residents from accessing basic goods and services according to World Bank over 40% of the population lives below the national poverty line in Burkina Faso number two South Sudan South Sudan the world's youngest Nation has a history that could fill volumes of adventurous tales and diplomatic dramas emerging as an independent country in 2011 after Decades of conflict and struggle South Sudan's creation was celebrated with exuberance marking the end of a long and arduous chapter of north south civil Strife however this Triumph quickly met a sobering reality the exuberance faded as the country grappled with internal conflict political power struggles and ongoing in humanitarian crises that have longcast Shadows over its nent government once hailed as a Beacon of Hope for self determination South Sudan has since been regarded by many as a collapsing nation in July 2024 United Nations stated that 13 years since becoming an independent state South Sudan faces profound humanitarian challenges and humanitarian Aid alone cannot untangle the intricate web of challenges the country bases in December 2023 rescue. org stated that 2024 would Mark a huge challenge for South Sudan as the war across the border in Sudan threatens to undermine South Sudan's fragile economy and worsen political tensions they also added that 9 million people in South Sudan are in need of humanitarian assistance amounting to 72% of the population as with any country that grapples with these issues crime and poverty is rif according to relief web the majority of the population of South Sudan live in severe poverty and in estimated 80% live below the absolute poverty line in terms of crime the rates are extremely high and ever increasing according to OC index millions of South Sudanese have left the country due to Violent conflict and the country is both a source and destination country for human trafficking with its citizens and forign forign Nationals being victims of forced labor domestic servitude early marriage and sexual exploitation number one Sudan Sudan a country nestled in the heart of Africa boasts a rich tapestry wooven from Millennia of History vibrant cultures and let's face it a fair share of challenges from the ancient kingdoms of Nubia to the more recent tumult of civil wars and political upheaval Sudan has certainly EXP experienced its Fair due of drama in 1956 sudanian Independence made it a player on the global stage but since then it has navigated a tumultuous journey through Colonial legacies the north south Civil War and the secession of South Sudan in 2011 the landscape is as diverse as its history with the Nile River snaking gracefully through its deserts while its various ethnic communities contribute Rich traditions and dialects sadly in 2024 Sudan still faces many glaring issues in April 2024 the International Rescue committee stated that the country is in crisis due to escalating conflict Mass displacement an economic crisis and a near collapse of Health Care Services in February 2024 Insider monkey placed Sudan first on their list of 15 countries with economic growth or debt problems in 2024 they noted how the country is struggling because of its political instability Civil War and the effects of the Russia Ukraine conflict they also added that Sudan's GDP growth rate has been low with a contraction of 1.
9% in 2021 and a growth of 7% in 2022 lastly in 2023 it was reported that 52. 3% of the population in Sudan is multi-dimensionally poor while an additional 17.
