Hottest Growing Economies in the World
#6: Rwanda
Total Est. Growth: 15.5 percent
Est. 2012 GDP: +7.2 percent
Est. 2013 GDP: +7.5 percent
Est. 2014 GDP: +7.2 percent
Economic Status: Rwanda, though being extremely poor, is expected to show a 15 percent of growth in the coming years. It possesses a promising services sector. The sector accounts for over half of the country's GDP. Nearly 90 percent of the population, however, is presently engaged in agriculture which would also be a major contributor of the country’s expected economic growth.
#5: Mozambique
Total Est. Growth: 15.6 percent
Est. 2012 GDP: +6.7 percent
Est. 2013 GDP: +7.2 percent
Est. 2014 GDP: +7.8 percent
Economic Status: Mozambique acquires the fifth position in the ranking by World Bank. The country’s economy is heavily contributed by aluminum prices. The metal comprises a major part of the country's exports which is at its peak. Along with that subsistence agriculture accounts for nearly 30 percent of GDP as well.
