The world is expected to grow by 3.2 percent in 2015. The forecast by the World Bank has eventually hinted out the leaders for the growth. According to the latest survey and reports, a list has been prepared which will forecast top 10 countries in the world which will grow fastest.
Table of Post Contents
One of the major Coffee exporters of the world, Ethiopia is expected to grow at huge rate in 2015. According to the records, the GDP of the country has been growing constantly; however, the per capita income is not so impressive. The country has large base on Agriculture and 40 percent of the economy comes from farming. All the lands are under government in Ethiopia. The expected growth for Ethiopia is 7.96 % for 2015.
This will be another country to look for in 2015. Angola faced some economic crisis last year, but has turned back well this year. Majority of the economy in Angola depends upon the Oil Production and related industries. The nation had to go through the ravages of the prolonged civil war. The expected growth for Angola is 8.08% for 2015.
Everybody might have not heard about the economy of this country, but it is growing at supreme rate. The major economic drive force in Laos is farming. The investment in construction, hydro, power and others come from here. The expected growth of Laos for 2015 is 8.12% for 2015. The country has eradicated poverty by large extent and also has minimum debt burden.
Ghana is ready to take the carnage of the prosperous economy. It has developed a bright service sector. Apart from it has Oil, Gold and Cocoa production which contributes a large to the economy. The country will look forward to reduce the debt. It is expected to grow by 8.15% in 2015.
Even though, majority of the people live below the poverty line in Mozambique but the country has brighter prospect. It has huge amount of Aluminum and the major resource of the economy. The foreign aid is also helping the country to expand the industry. It is expected to grow by 8.73% in 2015.
The second biggest economy of the world China is finally looking for alternative methods and is planning to open up business. The lacks of consumption in the domestic market, ageing population and many other factors have enforced China to start liberating the market from being isolated. The downward movement of the China economy clearly suggests the silent trouble of the country. It is expected to grow by 8.80% in 2015.
Kenya is another country which has broader and lighter aspects. The country has labeled its name in the service sector as well and growing at a huge space. Agriculture and industry remains the key focus. However, the country is expected to grow by 9.20% in 2015. Poverty will be a challenge.
Nigeria is expected to become the next leader of the African continent. The country is expanding very fast and is expected to grow by 10.20% in 2015. The major challenges the country may face is however terrorism and civil war. The new government may add better prospects for Nigeria.
It is seen as one of the fastest growing countries in the world. Oil, farming and tourism have been the driving force of the country. The economy of the country is expected to grow by a huge number of 11.20% in 2015.
India continues to lead the pack for fastest growing economy. It is expected that India will grow at a rate closer to 12% in 2015. Agriculture, Infrastructure, IT Services and other industries are the major driving force of Indian economy.
The fastest growing economic countries ranking might alter at the middle of the year due to many reasons. However, the forecast of the growth is expected to be steady. Civil War in Africa, political changes in Asia might disturb the smooth growth as well.