Top Fastest Growing Economy Countries In The World 2016-2017

From The Reports of World Economic Forum,International Monetary Fund Forbes And World Bank Reports We Are Presentiong Top Fastest Growing Economy Countries In The World

13 China is a manufacturing powerhouse and exporter and many believe that its economy will surpass that of the US within the next decade the government faces major problems however as the country transitions into a consumption based economy
12 Rwanda 90% of the population works in subsistence agriculture or mineral agro-processing while tourism minerals coffee and tea round out Rhonda’s economy though the country has taken significant steps forward since the 1994 genocide forty five percent of the population still lives below the poverty line

11Tanzania  a it has recently seen high growth rates because of gold production in tourism the
 economy also runs on telecommunications banking energy and mining as well as agriculture in terms of per capita income however the country is one of the poorest in the world
10Mozambique has attracted large investment projects in Natural Resources which means the country’s high growth rates should continue some analysts believe that Mozambique might be able to generate revenues from natural gas coal and hydro electric capacity greater than its donor assistants within five years but the vast majority of the country works in subsistence agriculture and over half the population remains below the poverty line
9 Bhutan has a small and relatively undeveloped economy that relies on hydropower agriculture and forestry it exports a large amount of hydropower to India which has the potential to spur sustainable growth in the next few years as long as Bhutan works to fix its chronic delays in construction
8 India Prime Minister Narendra Modi’s India has received high marks from analysts even with delayed reforms the services industry is a major source of India’s economic growth accounting for nearly two-thirds of its output with less than one third of its labor force
7 New Guinea 85% of the population works in agriculture and a small sector exports natural resources including mineral deposits such as gold copper and oil but the government has numerous problematic areas including security for investors poor investor confidence the privatization of state institutions and the restoration of integrity to state institutions
6 Cote d Ivoire about two-thirds of the population works in agricultural related industries the country is the world’s largest producer and exporter of cocoa beans and is also a major player in the coffee and palm oil industries
5 Uzbekistan has been slowly transitioning from its soviet past to a market-based economy it’s the fifth largest cotton exporter and also has natural gas and gold notably the country is working toward enforcing bans on child labour in its cotton harvesting for young
4 Myanmar/Burma one of the poorest nations in southeast asia started an economic in 2011 in an attempt to reintegrate into the global economy the country has a young labor force and natural resources and it has attracted loads so foreign investment living standards for the majority of population however have not improved much
3 Democratic  Republic of Congo has huge natural resource wealth which it hasn’t been able to efficiently monetize because of systemic corruption conflict and political instability that said it’s economic is slowly recovering since the tumultuously
2 Turkmenistan‘s extremely corrupt economy relies on two major industries cotton and gas the former Soviet republic which has the fourth largest known gas reserves in the world recently started sending its gas to China and it may even start shipping gas over to Europe but prospects in the near future are discouraging however because of endemic corruption the poor educational system government misuse of oil and gas revenues and the Capitals reluctance to adopt market reforms
1 Ethiopia economy is mostly agriculture based but the government has made a push to diversify into manufacturing textiles and energy generation but while the country is seen and per the world bank will continue to see high GDP growth per capita income remains one of the lowest in the world

You may also like...