20 Fastest Growing Economies in the World
Do you want to make 2013 the year when you take your company to greater heights by increasing your global market share?
Below are 20 countries with the highest projected compounded annual growth rate (CAGR) from 2013 through 2017, based on the IMF’s estimates (http://www.imf.org/external/pubs/ft/weo/2012/02/index.htm)
None of these countries are located in the Western Hemisphere – all are from Africa or Asia – which simply means that global economic growth will be driven by emerging markets and developing economies.
Please note that this isn’t a list of the world’s best economies, or countries with the highest standards of living. Many of these countries start with extremely low levels of GDP, and as such have an easier time attaining a high growth rate over this selected period.
Some features of these countries:
- 10 are found in Sub-Saharan Africa, 8 in Asia (2 from the Commonwealth of Independent States), and 2 from the Middle East/North Africa;
- 10 are underdeveloped, as evidenced by little infrastructure and mass subsistence farming;
- 8 rely on oil or gas as a key export; and
- 7 have law and order, corruption, or security issues as impediments to growth.
With that being said, here are the 20 countries that are projected for fastest growth:
#19: The Gambia
#17: Côte d’Ivoire
#11: Republic of the Congo
#10: Papua New Guinea
#7: Democratic Republic of Timor-Leste
#2: South Sudan
#1: São Tomé and Principe
Looking to export your products/services to any of these countries? Contact us today to see how we can assist with localizing your content. EPIC Translations has human resources located in each of these countries.