Hottest Growing Economies in the World

By siliconindia | Thursday, 26 July 2012, 10:43 Hrs

#16: Kazakhstan

Total Est. Growth: 13.7 percent

Est. 2012 GDP: +6.0 percent

Est. 2013 GDP: +5.8 percent

Est. 2014 GDP: +7.5 percent

Economic Status: Kazakhstan with its 13.7 percent of estimated growth in the coming years gets sixteenth position in the ranking. The source of economic growth in Kazakhstan is its high dependence on the commodity prices as in Uzbekistan. There is a large amount of export of its natural resources -- fossil fuels, including oil, and mined metals and minerals.

#15: Tanzania

Total Est. Growth: 13.9 percent

Est. 2012 GDP: +8.0 percent

Est. 2013 GDP: +6.4 percent

Est. 2014 GDP: +7.0 percent

Economic Status: It is the fast growing agricultural sector in Tanzania that contributes to over 25 percent of GDP. The same contributes for around 85 percent of exports in the country. Tourism and gold mining have been the other major growth drivers for the country in the past few years.