10 Most Conservative Countries in the World and their Economic Development

6. Moldova

Personal Income Tax Rate (2023): 20%

Corporate Tax Rate (2023): 12%

Annual Social Assistance Spending as a percentage of GDP (2015-2017): 1.11%

Insider Monkey rating: 0.165 out of 1

Moldova is an Eastern European country. According to the IMF, it reports a GDP per capita of $16,290 and a GDP growth of 2% as of 2023. It is ranked among the most conservative countries in the world, with a 12% corporate tax rate and a 20% personal income tax rate. According to the World Bank, Moldova reported an annual social assistance spending of 1.11% from 2015 to 2017.