Top 10 fastest-growing countries for coming decade
2022-11-02
China is projected to be among the fastest-growing economies until at least 2030, with an annual growth rate at about 5.82 percent, following Uganda, Cambodia and Tanzania, according to a report by the Growth Lab at Harvard University released this July.
As the effects of the pandemic dissipate, long-term growth is expected to take-off between Asia, Eastern Europe and East Africa.
The research finds that countries that have diversified their production into more complex sectors, like Vietnam, China, Indonesia, Malaysia and India, are those who will experience the fastest growth in the coming decade.
In East Africa, several economies are seeing rapid growth driven more by population growth than by gains in economic complexity.
Let's look at the top 10 fastest-growing countries for coming decade.
No 10 Malaysia
A general view of Malaysia's administrative center, Putrajaya, Malaysia on Oct 11, 2022. [Photo/VCG]
No 9 Madagascar
The baobabs are seen in the grasslands of Madagascar. [Photo/VCG]
No 8 Egypt
People enjoy the weather at the end of the summer vacations in Alexandria, Egypt, on Sept 29, 2022. [Photo/Agencies]
No 7 Vietnam
The Catholic Church in Ho Chi Minh City, VietNam. [Photo/VCG]
No 6 Mozambique
A view of Maputo, capital of Mozambique. [Photo/VCG]
No 5 Indonesia
A view of Jakarta, capital of Indonesia. [Photo/VCG]
No 4 China
A view of Shanghai's Yangshan Port in East China, Jan 1, 2022. [Photo/Xinhua]
No 3 Tanzania
Dar es Salaam, a major city and commercial port in Tanzania. [Photo/VCG]
