3/20/2017

Economic, Financial, Political & Health: THIS IS HE, SEVEN (7) COUNTRIES WITH FASTEST ECONOMIC GROWTH IN WORLD

THIS IS HE, SEVEN (7) COUNTRIES WITH FASTEST ECONOMIC GROWTH IN WORLD


Economic Growth
Economic growth is one of the major concerns for all countries in the world. China, which has been one of the most recognized countries with the largest economic growth in the world. Despite that, China is not the only country with the greatest growth rate.

Keep in mind, the fastest economic growth is usually not always one of the biggest, or the most advanced. In fact, most of these countries have high income imbalances starting from low gross domestic product per capita, increasing political instability and rampant corruption. The following are excerpts from Seven (7) countries with the highest average annual growth forecast starting from 2014 - 2017, and this is based on World Bank predictions.

1. Ethiopia.
  • Ethiopia although included as one of the poorest countries in the world, but able to boost its country's GDP by 2015 by 9.5 percent, the details of GDP by 2015: 9.5%, 2016: 10.5%, 2017: 8.5 Percent, and CAGR of GDP from 2014 - 2017: 9.70%. The industries of interest by the country are manufacturing, textiles, and energy.

2. Turkmenistan.
  • Turkmenistan's economy is supported by two main industries including cotton and gas. The country is able to boost the economy by 8 percent by 2015. Details, GDP by 2015: 8%, 2016: 9%, 2017: 9%, and CAGR GDP from 2014 to 2017: 9.07%. Then Turkmenistan began exporting natural gas to some countries such as China.

3. Congo.
  • Like other countries, the country's GDP is also able to grow to 8.5% by 2015. With GDP breakdowns in 2015: 8%, 2016: 8.5%, 2017: 9%, and CAGR GDP from 2014 to 2017 : 8.62%. But with the system of government that is still far from expectations, this country is still difficult to develop.

4. Myanmar.
  • Myanmar is one of the poorest countries in Southeast Asia. Nevertheless, they are able to increase their country's GDP by 2015 to 8.5%. Details of GDP by 2015: 8.5%, 2016: 8.2%, 2017: 8%, and CAGR of GDP from 2014 to 2017: 8.3%. This is because the number of natural resources that can be utilized by the country.

5. Uzbekistan.
  • The country in 2015 is able to increase GDP by 7.6%. Details of GDP by 2015: 7.6%, 2016: 7.8%, year 2017: 8%, and CAGR of GDP from 2014 to 2017: 7.87%. Even so, the country is still difficult to divert its economic system since the separation from the Soviet Union.

6. Cote D'Ivoire.
  • Countries in the African continent is able to increase GDP by 2015 by 8%. Details of GDP by 2015: 8%, 2016: 7.7%, 2017: 7.5%, and CAGR of GDP from 2014 to 2017: 7.8%. Like other countries, most of the people in the Cote D'Ivoire also work in agriculture.

7. Papua New Guinea.
  • The country is able to increase its Gross Domestic Product (GDP) by 16% by 2015. The details PDB 2015: 16%, 2016: 5%, 2017: 2.4%, and CAGR GDP from 2014 - 2017: 7.6%. Most residents of Papua New Guinea work in agriculture, and other natural resources such as gold, copper and oil. Thus the 7th Country with the fastest Growth in the world.

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