The 13 fastest-growing economies in the world/RDC 3e economie en avance au monde
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The 13 fastest-growing economies in the world/RDC 3e economie en avance au monde
China’s crazy growth has been one of the biggest stories over the past several decades.
But the Chinese economy certainly isn’t the only one posting huge growth rates.
We compiled a list of 13 countries with the highest projected compounded annual growth rate (CAGR) from 2014 through 2017 based on the forecasts from the World Bank’s Global Economic Prospects.
Keep in mind that the fastest-growing economies typically aren’t among the largest, most developed ones. In fact, most of these countries suffer from high income inequality, low levels of per capita gross domestic product, elevated political instability, and rampant corruption.
13. China
2015 GDP: +7.10%
2016 GDP: +7.00%
2017 GDP: +6.90%
2014-2017 GDP CAGR: +7.10%
Economy: 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. Additionally, per capita income is below the world average.
Source: World Bank, CIA World Factbook
12. Rwanda
2015 GDP: +7.00%
2016 GDP: +7.00%
2017 GDP: +7.50%
2014-2017 GDP CAGR: +7.12%
Economy: Ninety percent of the population works in subsistence agriculture or mineral agroprocessing, while tourism, minerals, coffee, and tea round out Rwanda’s economy. Though the country has taken significant steps forward since the 1994 genocide, 45% of the population still lives below the poverty line.
Source: World Bank, CIA World Factbook
11. Tanzania
2015 GDP: +7.20%
2016 GDP: +7.10%
2017 GDP: +7.10%
2014-2017 GDP CAGR: +7.15%
Economy: Tanzania has recently seen high growth rates because of gold production and 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.
Source: World Bank, CIA World Factbook
10. Mozambique
2015 GDP: +7.20%
2016 GDP: +7.30%
2017 GDP: +7.30%
2014-2017 GDP CAGR: +7.30%
Economy: Mozambique 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 hydroelectric capacity greater than its donor assistance within five years.
But the vast majority of the country works in subsistence agriculture, and over half the population remains below the poverty line.
Source: World Bank, CIA World Factbook
9. Bhutan
2015 GDP: +7.90%
2016 GDP: +8.40%
2017 GDP: +7.00%
2014-2017 GDP CAGR: +7.55%
Economy: 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.”
Source: World Bank, CIA World Factbook
8. India
2015 GDP: +7.40%
2016 GDP: +7.80%
2017 GDP: +8.00%
2014-2017 GDP CAGR: +7.57%
Economy: 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. Yet problems such as corruption, poverty, and discrimination against women and girls continue to hold back the country.
Source: World Bank, CIA World Factbook
7. Papua New Guinea
2015 GDP: +16.00%
2016 GDP: +5.00%
2017 GDP: +2.40%
2014-2017 GDP CAGR: +7.60%
Economy: Eighty-five percent 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.
Source: World Bank, CIA World Factbook
6. Cote d’Ivoire
2015 GDP: +8.00%
2016 GDP: +7.70%
2017 GDP: +7.50%
2014-2017 GDP CAGR: +7.80
Economy: About two-thirds of the population works in agriculture-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.
Source: World Bank, CIA World Factbook
5. Uzbekistan
2015 GDP: +7.60%
2016 GDP: +7.80%
2017 GDP: +8.00%
2014-2017 GDP CAGR: +7.87%
Economy: 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 labor in its cotton harvesting.
Source: World Bank, CIA World Factbook
4. Myanmar/Burma
2015 GDP: +8.50%
2016 GDP: +8.20%
2017 GDP: +8.00%
2014-2017 GDP CAGR: +8.30%
Economy: Myanmar, one of the poorest nations in Southeast Asia, started an economic overhaul 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 of foreign investment.
Living standards for the majority of population, however, have not improved much.
Source: World Bank, CIA World Factbook
3. Democratic Republic of the Congo
2015 GDP: +8.00%
2016 GDP: +8.50%
2017 GDP: +9.00%
2014-2017 GDP CAGR: +8.62%
Economy: The 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, its economic is slowly recovering since the tumultuous 1990s.
Source: World Bank, CIA World Factbook
BRAVO A MATATA ET JOSEPH KABILA. LES AIGRIS VONT MAIGRIR..
2. Turkmenistan
2015 GDP: +8.00%
2016 GDP: +9.00%
2017 GDP: +9.00%
2014-2017 GDP CAGR: +9.07%
Economy: 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, a poor educational system, government misuse of oil and gas revenues, and [the capital’s] reluctance to adopt market reforms,” according to the CIA Factbook.
Source: World Bank, CIA World Factbook
1. Ethiopia
2015 GDP: +9.50%
2016 GDP: +10.50%
2017 GDP: +8.50%
2014-2017 GDP CAGR: +9.70%
Economy: Ethiopia’s economy is mostly agriculture-based, but the government has made a push to diversify into manufacturing, textiles, and energy generation. But while the country has seen and (per the World Bank) will continue to see high GDP growth, per capita income remains ones of the lowest in the world.
This article is published in collaboration with Business Insider UK. Publication does not imply endorsement of views by the World Economic Forum.
To keep up with the Agenda subscribe to our weekly newsletter.
Author: Elena Holodny is a writer at Business Insider.
Image: A general view shows part of the capital Addis Ababa at night, Ethiopia. REUTERS/Siegfried Modola.
TROLL, SES ACOLYTES ET LES TSCHISEKEDISTES NE VONT PAS AIMER QUE NOTRE PAYS LA RDC EST LE TROISIEME SUR LE PLAN INTERNATIONAL DES ECOMIES QUI SE DEVELOPPENT TRES VITE.
But the Chinese economy certainly isn’t the only one posting huge growth rates.
We compiled a list of 13 countries with the highest projected compounded annual growth rate (CAGR) from 2014 through 2017 based on the forecasts from the World Bank’s Global Economic Prospects.
Keep in mind that the fastest-growing economies typically aren’t among the largest, most developed ones. In fact, most of these countries suffer from high income inequality, low levels of per capita gross domestic product, elevated political instability, and rampant corruption.
13. China
2015 GDP: +7.10%
2016 GDP: +7.00%
2017 GDP: +6.90%
2014-2017 GDP CAGR: +7.10%
Economy: 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. Additionally, per capita income is below the world average.
Source: World Bank, CIA World Factbook
12. Rwanda
2015 GDP: +7.00%
2016 GDP: +7.00%
2017 GDP: +7.50%
2014-2017 GDP CAGR: +7.12%
Economy: Ninety percent of the population works in subsistence agriculture or mineral agroprocessing, while tourism, minerals, coffee, and tea round out Rwanda’s economy. Though the country has taken significant steps forward since the 1994 genocide, 45% of the population still lives below the poverty line.
Source: World Bank, CIA World Factbook
11. Tanzania
2015 GDP: +7.20%
2016 GDP: +7.10%
2017 GDP: +7.10%
2014-2017 GDP CAGR: +7.15%
Economy: Tanzania has recently seen high growth rates because of gold production and 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.
Source: World Bank, CIA World Factbook
10. Mozambique
2015 GDP: +7.20%
2016 GDP: +7.30%
2017 GDP: +7.30%
2014-2017 GDP CAGR: +7.30%
Economy: Mozambique 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 hydroelectric capacity greater than its donor assistance within five years.
But the vast majority of the country works in subsistence agriculture, and over half the population remains below the poverty line.
Source: World Bank, CIA World Factbook
9. Bhutan
2015 GDP: +7.90%
2016 GDP: +8.40%
2017 GDP: +7.00%
2014-2017 GDP CAGR: +7.55%
Economy: 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.”
Source: World Bank, CIA World Factbook
8. India
2015 GDP: +7.40%
2016 GDP: +7.80%
2017 GDP: +8.00%
2014-2017 GDP CAGR: +7.57%
Economy: 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. Yet problems such as corruption, poverty, and discrimination against women and girls continue to hold back the country.
Source: World Bank, CIA World Factbook
7. Papua New Guinea
2015 GDP: +16.00%
2016 GDP: +5.00%
2017 GDP: +2.40%
2014-2017 GDP CAGR: +7.60%
Economy: Eighty-five percent 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.
Source: World Bank, CIA World Factbook
6. Cote d’Ivoire
2015 GDP: +8.00%
2016 GDP: +7.70%
2017 GDP: +7.50%
2014-2017 GDP CAGR: +7.80
Economy: About two-thirds of the population works in agriculture-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.
Source: World Bank, CIA World Factbook
5. Uzbekistan
2015 GDP: +7.60%
2016 GDP: +7.80%
2017 GDP: +8.00%
2014-2017 GDP CAGR: +7.87%
Economy: 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 labor in its cotton harvesting.
Source: World Bank, CIA World Factbook
4. Myanmar/Burma
2015 GDP: +8.50%
2016 GDP: +8.20%
2017 GDP: +8.00%
2014-2017 GDP CAGR: +8.30%
Economy: Myanmar, one of the poorest nations in Southeast Asia, started an economic overhaul 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 of foreign investment.
Living standards for the majority of population, however, have not improved much.
Source: World Bank, CIA World Factbook
3. Democratic Republic of the Congo
2015 GDP: +8.00%
2016 GDP: +8.50%
2017 GDP: +9.00%
2014-2017 GDP CAGR: +8.62%
Economy: The 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, its economic is slowly recovering since the tumultuous 1990s.
Source: World Bank, CIA World Factbook
BRAVO A MATATA ET JOSEPH KABILA. LES AIGRIS VONT MAIGRIR..
2. Turkmenistan
2015 GDP: +8.00%
2016 GDP: +9.00%
2017 GDP: +9.00%
2014-2017 GDP CAGR: +9.07%
Economy: 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, a poor educational system, government misuse of oil and gas revenues, and [the capital’s] reluctance to adopt market reforms,” according to the CIA Factbook.
Source: World Bank, CIA World Factbook
1. Ethiopia
2015 GDP: +9.50%
2016 GDP: +10.50%
2017 GDP: +8.50%
2014-2017 GDP CAGR: +9.70%
Economy: Ethiopia’s economy is mostly agriculture-based, but the government has made a push to diversify into manufacturing, textiles, and energy generation. But while the country has seen and (per the World Bank) will continue to see high GDP growth, per capita income remains ones of the lowest in the world.
This article is published in collaboration with Business Insider UK. Publication does not imply endorsement of views by the World Economic Forum.
To keep up with the Agenda subscribe to our weekly newsletter.
Author: Elena Holodny is a writer at Business Insider.
Image: A general view shows part of the capital Addis Ababa at night, Ethiopia. REUTERS/Siegfried Modola.
TROLL, SES ACOLYTES ET LES TSCHISEKEDISTES NE VONT PAS AIMER QUE NOTRE PAYS LA RDC EST LE TROISIEME SUR LE PLAN INTERNATIONAL DES ECOMIES QUI SE DEVELOPPENT TRES VITE.
Imperium
Re: The 13 fastest-growing economies in the world/RDC 3e economie en avance au monde
Mais noooon....nous lorsque quelqu'un fait quelque chose de bien pour le pays,sans arrière pensée,et surtout pour le bienfait de la population to ndimaka ye.Je parle de moi.....Tu peux voir sur l'initiative de Bukangalonzo,j'étais content du moment ou cela peut apporté quelque chose à la population.Par contre cette troisième place sur le plan international dont tu parte ne veut rien dire pour nous,et nous ne pouvons pas applaudir,du moment ou cela n'arrive pas dans le PANIER DE LA MÉNAGÈRE.A quoi ça sert d'être troisième sur le plan mondiale SI TA POPULATION SOUFFRENT ET CRÈVE DE LA FAIM ? Si nous sommes troisième et que la population souffre tel qu'elles est en train de souffrir.Cela prouve que vous êtes en train de mené une MAUVAISE POLITIQUE ou l'argent publique,l'argent des congolais est détourné pour aller dans les poches des individus.Il suffit de regarder plusieurs domaine comme l'éducation,la santé,la sécurité,etc...presque tout va mal,non pas à cause du manque d'argent,mais parce que ceux qui sont au pouvoir sont en train de détourné cette argent.Cela prouve que le gouvernement est corrompu au plus haut point.Voila pourquoi nous n'applaudissons pas,et voila pourquoi nous avons rejoins un parti politique qui lutte pour l'établissement d'un ÉTAT DE DROIT.Par contre soki makambu neti ya éducation,santé,salaire ya batu ezalaka bien.TOLINGAKI TOBETELA BINO MABOKO parce que biso tosalaka politique ya haine te.Imperium a écrit:
ET LES TSCHISEKEDISTES NE VONT PAS AIMER QUE NOTRE PAYS LA RDC EST LE TROISIEME SUR LE PLAN INTERNATIONAL DES ECOMIES QUI SE DEVELOPPENT TRES VITE.
Bref ! Ce n'est pas vraiment pour ça que j'ai régis.J'ai plutôt réagis dans le cadre de l'observation médicale.Je voulais savoir si le manipulateur avait réussit à t'avoir.Mais je vois que ta tête fonctionne très bien et que tu es maître de toi-même,parce que tu n'es pas tomber dans l'illusion et le délire du 55 eme État fictif Africain..
YANGO WANA OMONI NALATI TENUE YA MUNGANGA PE NATIE MUSAPI = OK !
Cela veut dire tu es en bonne santé mentale.Par contre en tant que médecin.Je veux te conseillé de ne pas croire à des faux papiers sur Tshisekedi et des fausses rumeurs inventé de toute pièce par le terminator.
El-Shaman
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