5. Estonia – Debt Deficit: 5.6% of GDP
When I think of Estonia, viking and prehistoric heritages come to mind. This Northern European country was once a satellite state of the Soviet Union.
It faces the Baltic Sea and Gulf of Finland. It has more than 1,500 islands. One of the most beautiful spots of lakes, spans rocky beaches, and old-growth forest.
Estonia is one of the best developed countries. It has both high income economy and high living standards. It has advanced its development in many aspects beside economy. Estonia’s good performance in education and civil liberties brought it as one of the most Internet-focused countries in Europe.
Since the freedom declaration, it has recorded a powerful period of monetary development and expansion. The country has a gross domestic product (GDP) per capital of just over $26,506 and able to manage its financial development without accruing huge levels of debts. It has only 5.6% public debts of its GDP.
