Curious to know what the world’s fastest growing economies are? Based on the data provided by the International Monetary Fund (IMF), we have compiled a list of the world’s 15 fastest growing economies. The indicator used to rank the nations is the compounded annual growth rate, or CAGR for short, for the years 2013-2017. All of the nations in our list are located in either Asia or Africa, and an overwhelming majority relies on oil exports as the main contributor to economies.
We would like to specify that this is not a countdown of the best economies in the world. It is simply a list compiling the nations which are presumed to grow the fastest over the course of the following four years. Wondering who’s made the countdown? Let’s take a look.
No. 15: Turkmenistan
Public Domain Image: Public Domain
2013 GDP (%): + 7.69
CAGR (%): + 9.18
Economic boosters: agriculture & natural gas and oil exports
See the rest of the world’s fastest growing economies on the next few pages, and for more list-sanity, check out our coverage of the highest jobs in demand.