8. Somalia (Rank 190)
For the second year in a row, Somalia has the unwanted distinction of being named the most challenging place in which to do business. Dire economic conditions, a fragile political climate and the ongoing threat of terrorism make it difficult for Somalia to create much upward momentum. A mostly dollarised economy and a worrying number of regulatory loopholes have also meant that the informal economy often seems more prominent than the formal one. Business potential does exist, particularly if diaspora professionals can be enticed back to the country, but the chances of Somalia rising significantly up the Doing Business rankings look slim for now.