Rich Countries

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

 

Rank Country GDP
Real Growth Rate (%)
1. Iraq 52.3
2. Chad 38.0
3. Liberia 21.8
4. Equatorial Guinea 20.0
5. Venezuela 16.8
6. Ukraine 12.0
7. Angola 11.7
8. Ethiopia 11.6
9. Liechtenstein 11.0
10. Mongolia 10.6

 

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

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