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Nov 24, 2011

The 17 Hottest Economies In The World

red planet earth

With the sudden lower revision to U.S. GDP this morning, economists remain concerned that slow growth will continue to be a thematic element as the country progresses.

However, there are many other nations where GDP continues to swell at a blistering pace.

Using data culled from Bloomberg and the CIA World Factbook, we compiled a list of 17 countries with annualized growth above 6%.

The countries that made the list hail mostly from Eastern Europe, Asia and Africa.

 


 
Take a look at the 17 countries that made the list

Singapore

Singapore
Image: Wikimedia Commons / Source: Bloomberg, CIA The World Factbook
GDP Growth: 6.1%
GDP: $222.7 billion
Key Industries: Electronics, chemicals, financial services, oil drilling equipment, petroleum refining.






Indonesia

Indonesia
Image: AP / Source: Bloomberg, CIA The World Factbook
GDP Growth: 6.5%
GDP: $706.56 billion
Key Industries: Oil and gas, mining, textiles, chemical fertilizers, plywood, rubber.






Lithuania

Lithuania
Source: Bloomberg, CIA The World Factbook
GDP Growth: 6.6%
GDP: $36 billion
Key Industries: Durable goods manufacturing, petroleum refinery, textiles.






Peru

Peru
Image: By whl.travel on flickr / Source: Bloomberg, CIA The World Factbook
GDP Growth: 6.6%
GDP: $154 billion
Key Industries: Mining and refining of minerals, steel, metal fabrication, petroleum extraction and refining, natural gas and natural gas liquefaction.



Ukraine

Ukraine
Image: AP / Source: Bloomberg, CIA The World Factbook
GDP Growth: 6.6%
GDP: $138 billion
Key Industries: Coal, electric power, ferrous and nonferrous metals, machinery and transport equipment, chemicals, food processing.






Kazakhstan

Kazakhstan
Image: AFP / Getty / Source: Bloomberg, CIA The World Factbook
GDP Growth: 7.0%
GDP: $142.99 billion
Key Industries: Oil, coal, metals, agricultural machinery, construction materials.






India

India
 Source: Bloomberg, CIA The World Factbook
GDP Growth: 7.7%
GDP: $1.72 trillion
Key Industries: Agriculture, textiles, chemicals, mining, petroleum, transportation equipment, software, pharmaceuticals.






Estonia

Estonia
By Claudio.Ar ■ on flickr / Image: www.flickr.com / Source: Bloomberg, CIA The World Factbook
GDP Growth: 7.9%
GDP: $19 billion
Key Industries: Engineering, electronics, wood and wood products, textiles, IT, telecommunications.






Sri Lanka

Sri Lanka
Image: Flickr / Source: Bloomberg, CIA The World Factbook
GDP Growth: 8.2%
GDP: $49.55 billion
Key Industries: Agriculture, rubber, shipping, clothing and textiles, IT, construction, banking, tourism, telecommunications, insurance.





Turkey

Turkey
Image: Chris Schuepp / Flickr / Source: Bloomberg, CIA The World Factbook
GDP Growth: 8.3%
GDP: $735 billion
Key Industries: Agriculture, textiles, electronics, mining, steel, petroleum, construction, lumber, paper.

 



Argentina

Argentina
Source: Bloomberg, CIA The World Factbook
GDP Growth: 9.1%
GDP: $369 billion
Key Industries: Agriculture, motor vehicles, textiles, chemicals and petrochemicals, printing, steel, consumer durable, meta lurgy.








China

China
Image: Wikimedia Commons/ Source: Bloomberg, CIA The World Factbook
GDP Growth: 9.1%
GDP: $5.878 trillion
Key Industries: Mining, machine building, consumer products (toys, foot ware, electronics, textiles and clothing, machine building, armaments, transportation equipment, chemicals, cement, fertilizers, telecommunications, vehicles, satellites.



 

Jordan

Jordan
Image: AP / Source: Bloomberg, CIA The World Factbook
GDP Growth: 10.9%
GDP: $28 billion
Key Industries: Clothing, fertilizers, petroleum refining, potash, inorganic chemicals, cement, tourism, light manufacturing, pharmaceuticals.






Bahrain

Bahrain
Source: Bloomberg, CIA The World Factbook
GDP Growth: 11.8%
GDP: $21 billion
Key Industries: Petroleum processing and refining, aluminum smelting, iron pelletization, fertilizers, Islamic and offshore banking, insurance, ship repairing, tourism.







Kuwait

Kuwait
Image: Flickr / Source: Bloomberg, CIA The World Factbook
GDP Growth: 16.1%
GDP: $109 billion
Key Industries: Petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials.






Qatar

Qatar
Image: screenshot www.starwoodhotels.com / Source: Bloomberg, CIA The World Factbook
GDP Growth: 30.8%
GDP: $98 billion
Key Industries: Liquefied natural gas, crude oil production and refining, cement, commercial ship repair, petrochemicals, ammonia, fertilizers.






Zambia

Zambia
Farm workers weed a maize field on a farm near Lusaka, Zambia
Image: AP / Source: Bloomberg, CIA The World Factbook
GDP Growth: 48.7%
GDP: $16 billion
Key Industries: Copper mining and processing, construction, agriculture, chemicals, textiles, fertilizer, horticulture.



 


 

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