Hottest Growing Economies in the World

Bangalore: The recent history has shown almost amazing statistics on the world economy that the developing nations maintained consistent growth amid the economic slowdown. For the coming years, the whole world would be keeping its eye on such countries to know more of their economic strategies.

Here are a list of 20 countries which are expected to have highest growth over the next two years based on World Bank's 2013 and 2014 growth estimates.

More than 5 among these countries count oil as their major export, for 4 of them it is gold and diamonds. For 3 of these nations tourism plays a major industry, while agriculture is the major part for more than 5 others. And the main point to stress here is that among all these 20 countries, only two are in the G20.  Let’s go through the list.

#20: Niger

Total Est. Growth: 13.3 percent

Est. 2012 GDP: +9.5 percent 

Est. 2013 GDP: +6.8 percent

Est. 2014 GDP: +6.1 percent

Economic Status: The biggest economic sector in Niger is its agriculture, making nearly 40 percent of GDP. More than from the subsistence farming, it also profits from abundance of uranium deposits and oil reserves, the latter of which is expected to contribute considerably high for the economic growth.

#19: Bangladesh

Total Est. Growth: 13.3 percent

Est. 2012 GDP: +6.4 percent 

Est. 2013 GDP: +6.4 percent

Est. 2014 GDP: +6.5 percent

Economic Status: Bangladesh is another nation to exhibit a consistent growth in its economy. The Bangladeshi services sector is the most important one, nearly 50 percent, to contribute to the country's GDP. Rice production in its agricultural sector can be considered as another major industry. Apart from these, the Bangladeshi economy profits from its garment manufacture and also from foreign remittances.