TOP 10 FASTEST GROWING ECONOMIES

An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.

There are a number of ways to measure economic activity of a nation. These methods of measuring economic activity include:

. Consumer spending
. Exchange rate
. Gross domestic product
. GDP per capita
. GNP
. Stock market
. Interest rate
. Government debt
. Rate of inflation
. Unemployment
. Balance of trade

It is a compiled list of 10 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.


1. Ethopia



2015 GDP: +9.50%
2016 GDP: +10.50%
2017 GDP: +8.50%
2014-2017 GDP CAGR: +9.70%

2.Turkmenistan

2015 GDP: +8.00%

2016 GDP: +9.00%

2017 GDP: +9.00%

2014-2017 GDP CAGR: +9.07%

3. Democratic Republic of the Congo

2015 GDP: +8.00%

2016 GDP: +8.50%

2017 GDP: +9.00%

2014-2017 GDP CAGR: +8.62%

4. Myanmar/Burma

2015 GDP: +8.50%

2016 GDP: +8.20%

2017 GDP: +8.00%

2014-2017 GDP CAGR: +8.30%

5. Uzbekistan

2015 GDP: +7.60%

2016 GDP: +7.80%

2017 GDP: +8.00%

2014-2017 GDP CAGR: +7.87%

6.Cote d'Ivoire

2015 GDP: +8.00%

2016 GDP: +7.70%

2017 GDP: +7.50%

2014-2017 GDP CAGR: +7.80

7. Papua New Guinea

2015 GDP: +16.00%

2016 GDP: +5.00%

2017 GDP: +2.40%

2014-2017 GDP CAGR: +7.60%

8. India

2015 GDP: +7.40%

2016 GDP: +7.80%

2017 GDP: +8.00%

2014-2017 GDP CAGR: +7.57%

9. Bhutan

2015 GDP: +7.90%

2016 GDP: +8.40%

2017 GDP: +7.00%

2014-2017 GDP CAGR: +7.55%

10.Mozambique

2015 GDP: +7.20%

2016 GDP: +7.30%

2017 GDP: +7.30%

2014-2017 GDP CAGR: +7.30%