Ive got a server hosting a number of things, amd monitoring setup for a lot of stats. Got tired of seeing blips because various countries were beating on my server, not a DoS, but enough requests to notice, and sometimes generate an alert. I blocked 7 countries, in full, and the impact was fantastic. No more 2gb of logs generated every day by countries that have no business accessing my server.

Unless you own a global business, i see no reason to even allow other countries access. The potential for attacks is too great, especially from some very specific countries.