Top Ten Countries with Fastest Growing Economies

top ten countries with fastest growing economies in the world

 

An economy of a particular country is consisted on production, consumption, trading of goods and the services in a region. A nation is totally depended on the economic position of a nation.The economy may be measured as having developed through the following stages of priority:

In past the economy was Chiefly based on farming.
The industrial revolution stage decreased the role of subsistence farming.

GDP (Gross Domestic Product) of a nation is a measured through which the size of an economy can be measured. Except of GDP there are several methods to measure the economy out of which some are as follows:

  • Exchange Rate
  • GDP per capita
  • Consumer spending
  • GNP (Gross National Product)
  • Interest Rate
  • Rate of Inflation

List of Top Ten Countries by fastest growing economies in the world

 

RankCountryGDP
Real Growth Rate (%)
1.Iraq52.3
2.Chad38.0
3.Liberia21.8
4.Equatorial Guinea20.0
5.Venezuela16.8
6.Ukraine12.0
7.Angola11.7
8.Ethiopia11.6
9.Liechtenstein11.0
10.Mongolia10.6

 

Iraq is the nation with speedy growing economy in the world having 52.3 % growth rate.

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