Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Chevron Corporation (CVX): These Are the World’s 10 Most Optimistic Countries

Chevron Corporation (NYSE:CVX)Have you ever had a bad day that was completely turned around because you were surrounding by a happy group of friends or co-workers? I know I have, and chances are you’ve experienced something similar as well. That’s because happiness is contagious, and surrounding yourself with happy friends and co-workers can certainly make a positive impact on your life.

The best part is that happiness has a real world translation when it comes to the business world as well. A happier and more optimistic society has a better chance of success and growth than an unhappy society.

Just yesterday, I examined the world’s 10 most pessimistic countries according to a recent poll by Gallup, and we learned that many are from debt-riddled Europe. With little prospect of a rebound anytime soon and high unemployment rates, there’s not many reasons to be optimistic. However, there are two sides to this coin.

Source: Sarah Reid, Flickr.

The happy truth
Other regions of the world are on the cusp of a huge growth spurt, and many citizens of those countries feel quite confident that they’ll be better off five years from now. Like the survey we looked at last night, Gallup based its findings on the Cantril Self-Anchoring Striving Scale that ranks respondents views of the present and five years into the future with a rating scale of 0 to 10 (10 being the most optimistic rating). Yet again, the findings weren’t a huge surprise, but they do lend credence on a few ways that you could use this optimism to your advantage in the investing world.

Here are the 10 most optimistic countries, according to Gallup:

Country % Optimists
Burkina Faso 95%
Comoros 95%
Niger 94%
Benin 94%
Guinea 94%
Somaliland Region 94%
Chad 93%
Rwanda 93%
Senegal 90%
Turkmenistan 89%

Source: Gallup.

There’s no need to break out the Magic 8-Ball here to see that Africa is a big point of optimism over the next five years. I have three contentions as to why optimism in this region remains so high.

For starters, some African nations don’t have anywhere to go but up. Burkina Faso, for example, is among the poorest nations in the world on a per-capita GDP basis. However, from 2004 through 2012, its GDP has grown by nearly 145%. Although it represents just a minuscule amount of worldwide GDP, this can represent a huge jump in employment and quality of life for residents of Burkina Faso.

The second contention for optimism in this region relates to the largely untapped mineral resources of Africa. One source of potential growth is oil, which can be quite abundant in the some of the aforementioned countries. Chevron Corporation (NYSE:CVX), for instance, undertook two projects in Chad beginning in 2000: the development of the Doba crude oil fields, and the building and operation of a system of pipelines capable of delivering that oil to a transport terminal in Cameroon. Robust oil prices can certainly pack a punch for African economies, and it certainly has helped attract big business partners such as Chevron.

The third reason I see optimism growing is that multinational corporations are turning to Africa for its rapid growth potential. Even excluding oil and mining, which are two big reasons multinationals invest in Africa, other sectors of the African economy are ripe to take off. Perhaps no sector exhibits such promise as financial services. Credit payment facilitator MasterCard Inc (NYSE:MA) is counting on Africa to drive its bottom-line growth for decades to come. It has spearheaded a 13 million-card rollout in Nigeria of National Identity Smart Cards and is working on getting some 68% of unbanked South African citizens into the world of plastic.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.