An analysis of World Bank data
shows that Argentina is the country which posted the most years of negative GDP growth
since 1961, when records became available. The country, which is currently battling economic woes, is looking back on a record of 22 recession years. Second on the list is the Democratic Republic of the Congo, one of the least developed countries in Africa, followed by Zambia, a landlocked African country with one of the highest per-capita foreign debt ratios in the world, that has heavily relied on copper exports to keep its economy afloat.
Both African countries have not posted a whole year in recession since 2001 and 1998, respectively. Argentina, however, is currently battling yet another recession. While the country is more developed than others on the list, it has been caught up in a cycle of overspending, inflation, debt-making, unsustainable cuts to government programs and bad fiscal policy.
The infographic only includes years since 1961. For many countries, data is incomplete, causing war-ravaged countries Iraq and Syria, as well as countries in perpetual recession Venezuela and Jamaica to be absent from the list. Many countries plagued by recession did not exist in 1960 but were formed after the collapse of the Soviet Union. Here, Ukraine stands out with 14 years (ten consecutive ones from 1990 to 1999) in recession since records begin in 1988.