11 Countries with Highest Economic Mobility

See the countries that are improving the most in this list of 11 countries with highest economic mobility. One of the key factors in terms of improvement of a country is their economic mobility. It is also a factor that is most noticeable as the economy of a country is something that can be measured in different aspects.  Good economic movement implies that the country has been earning itself quite a good amount of money in terms of investments, GDP and currency movement. It is also often the result of good governance as corruption is usually spread thin and the country has more time to focus on efforts to improve.

The powerful countries we see today are often the result of being strong economic contenders from years and decades ago. You can say that a poor country has the most potential for growth until they reach a point of stability. However, as a country starts to move up among others, one may notice that there is also an increase in the standard of living This is due to the country having more interest from foreign investments and people in general. You’ll notice appeal in a lot of the countries listed in the 11 Countries with the Highest Standards of Living.

There are many factors to consider when it comes to economic mobility and it would be hard to give an average or summarize them all for a ranking.  For this list we take into account one of the more significant reasons for high economic mobility and that is GDP. Let’s find out more as we explore these 11 countries with highest economic mobility.

11. Tanzania

2015 GDP Growth: = 7.2%

The high GDP growth rate in Tanzania is mainly due to a thriving gold production industry as well as a strong tourism sector. A lot of investments have been recently made in the country and agriculture, telecommunications and even banking have helped the economy up. The country, however, still needs to improve a lot of things like the income of its citizens.

10. Mozambique

2015 GDP Growth = 7.2%

Mozambique is well known for its abundance of natural resources and that is becoming more and more apparent with each year. A lot of foreign investors have been settling in the country and we can expect the country to continue to grow especially with a large reserve of natural gas. The next challenge is to help people rise out of poverty.

9. India

2015 GDP Growth = 7.4%

Despite problems like corruption and poverty still riddling the country, many people believe that India has had a lot of improvements in recent years. There have been numerous reforms done and India has become one of the countries using the service industry as a main factor in economic growth.

8. Uzbekistan

2015 GDP Growth = 7.87%

Uzbekistan has had a slow start since the Soviet times but they have been improving a lot this year. Their economy is fuelled by the cotton industry and they also have a strong foundation for growth in the natural gas and gold sector.

7. Bhutan

2015 GDP Growth = 7.9%

One of the reasons for the high GDP growth in Bhutan is the very large supply of hydropower they provide India. Though a lot of the regions in Bhutan remain on the agricultural and forestry side, the potential for development is definitely there.

6. Cote d’Iviore

2015 GDP Growth = 8%

Another major player because of the agricultural sector, Cote d’Iviore is one of the largest exporters of a few agricultural products namely cocoa beans, coffee, and palm oil.

The strongest economies this year can be found in the second half of this list of 11 countries with the highest economic mobility.

5. The Democratic Republic of the Congo

2015 GDP Growth = 8%

Congo has had a very problematic past and has suffered from corruption, instability and violent undertakings. They have been working towards improving that by using their rich natural resources. There is still a lot more left to be desired though.

4. Turkmenistan

2015 GDP Growth = 8%

Turkmenistan survives because of the two major industries they have, cotton and gas. They’re known as one of the largest gas reserves in the world and have been recently shipping gas to China. The problem is that the country still has a lot more to improve especially with its government and educational system.

3. Myanmar

2015 GDP Growth = 8.4%

Since the start of the decade Myanmar has been making steps towards becoming a global economic contender. One of the poorest countries in Asia now has a lot of foreign investments but the standard of living in the country is yet to improve.

2. Ethiopia

2015 GDP Growth = 9.5%

Ethiopia is estimated to be one of the countries with the largest economic growth in the next few years. This is because the country has started to diversify its industries with textiles and energy production.

1. Papua New Guinea

2015 GDP Growth = 16%

Booming natural and agricultural resources have helped Papua New Guinea rise this year. The question is – whether or not they’ll be able to maintain this growth for the next few years? The country suffers from the lack of investor and government confidence.

This has been the list of 11 countries with highest economic mobility. Hopefully these countries improve in all aspects and not only in their economy.