Myanmar is the world’s fastest-growing economy, according to the IMF’s latest World Economic Outlook. The country’s GDP is projected to grow by 8.6% this year. Political and economic reforms, which have made headlines around the world, have supported this economic growth.
According to IMF estimates, from 2000 to 2016, Ethiopia was the third-fastest growing country of 10 million or more people in the world, as measured by GDP per capita. The country’s poverty rate fell to 31% by 2011 (the latest year Ethiopia’s poverty level was assessed by the World Bank).
China, the Philippines, Kenya, India and Indonesia, which together make up about 16 percent of global gross domestic product, are all forecast to grow more than 5 percent in 2015.
Despite having Africa’s fastest growing economy in 2016, this year has proven far tougher for Côte d’Ivoire. Any difficulties in the huge cocoa sector have widespread effects – according to the IMF, a 1% drop in revenue from cocoa beans can lead to a 0.63% drop in government spending – but this is not the only challenge facing the West African nation.
The Ivory Coast follows Myanmar in second place, with projected GDP growth of 8.5% this year. Third on the list is Bhutan, with 8.4%. Other countries predicted to return high growth figures include India, Laos and Tanzania.
China tops the list, according to economists surveyed by Bloomberg. ... The 20 Fastest-Growing Economies This Year. China tops the list, ...
Countries by real GDP growth rate (2016) Countries by real GDP growth rate (2017) This article includes a list of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the value of all final goods and services produced within a state in a given year.
Myanmar is the world’s fastest-growing economy, according to the IMF’s latest World Economic Outlook. The country’s GDP is projected to grow by 8.6% this year. Political and economic reforms, which have made headlines around the world, have supported this economic growth.
Countries by real GDP growth rate (2016) Countries by real GDP growth rate (2017) This article includes a list of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the value of all final goods and services produced within a state in a given year.
Europe’s fastest growing economies Ireland backs up last year’s record growth of 6.9% with the strongest growth forecast this year too. The Commission’s report predicts GDP growth of 4.5% in 2016.
Britain’s economy is set to power ahead this year – leaving the crisis-torn eurozone trailing in its wake, a major study has found. The report, by respected international economists, predicts that the UK will be the fastest-growing major economy in the developed world this year.