Hottest Growing Economies in the World

#12: Nigeria

Total Est. Growth: 14.3 percent

Est. 2012 GDP: +7.0 percent 

Est. 2013 GDP: +7.2 percent

Est. 2014 GDP: +6.6 percent

Economic Status: Nigeria's major sector has always been export, in which 95 percent contribution is from the oil exports. It has brought the country to the twelfth position in the World Bank ranking. Another significant reason for the recent economic growth that the country faced is assumed to be due to the political reforms that have stimulated the non-oil related economy as well.

#11: India

Total Est. Growth: 14.5 percent

Est. 2012 GDP: +6.7 percent 

Est. 2013 GDP: +6.8 percent

Est. 2014 GDP: +7.0 percent

Economic Status: The Indian economy, one of the world's four largest developing economies, has a massive services sector. The country has been providing much parts of the developed world with its information technology and outsourced business services. Apart from this other major players are agriculture, tourism, exports, mining, industries and lot more.