Countries With Highest GDP Growth 2017

Developing Asian and African countries still lead with fastest GDP growth in the world. Panama takes the first position among countries from the rest of the world, despite its economic slowdown. 

 
 
Source
Central bank

Bank of Central African States

International Reserves

USD 1.2 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 11.5 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 30.6 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
-3.2% 15.3% 17.8% 1.3% -8.9% 6.5% 8.3%
2013 2014* 2015* 2016* 2017*    
-4.1% -0.5% -7.4% -9.9% -5.8%    

*Estimate

GDP per capita - current prices

USD 13,626.8 (2017, estimate)

GDP per capita - PPP

Intl$ 36,270.9 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.0% 0.0% 0.0% 0.03% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 8.8% 
  • industry: 71.7% 
  • services: 16.5%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015* 2016* 2017*
3.2% 4.3% 1.7% 1.5% 1.5%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
6.1% 8.7% 14% 19.6% 21.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-5.8% -4.9% -3.2% -5.3% -5.3%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody': N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.8 billion (2017 estimate)

Current account balance by percentage of GDP

-6.7% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

59.7% (2015)

Shares in world total merchandising export

0.04% (2015)

Shares in world total commercial services export

0.0% (2014)

Total exports

USD 5.1 billion (2016 estimate)

Export commodities

Petroleum products, timber

Total imports

USD 3.0 billion (2016 estimate)

 
 
Source
Import commodities

Petroleum sector equipment, other equipment, construction materials, vehicles

Exports - major partners

China 16.6%, South Korea 15.1%, Spain 9%, Brazil 8.2%, Netherlands 6.8%, South Africa 6.6%, India 5.8%, UK 5.7%, France 5.7% (2015)

Imports - major partners

Netherlands 16.9%, Spain 16.3%, China 14.8%, US 8.9%, Cote dIvoire 6%, France 4.8% (2015)

FDI inflows
2013 2014 2015
USD 731 million USD 320 million USD 316 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 178 out of 190 countries (2016)

Subcategories:

Starting a business: 187 out of 190 countries

Enforcing Contracts: 103 out of 190 countries

Registering Property: 160 out of 190 countries

Getting credit: 118 out of 190 countries

Protecting investors: 137 out of 190 countries

Trading across border: 174 out of 190 countries

Paying Taxes: 179 out of 190 countries

Dealing with Construction Permits: 160 out of 190 countries

Getting Electricity: 143 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 170 / Score: 43.67 (Repressed) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+1

Total area

28,051 sq km

Capital

Malabo

Currency

Cooperation Financiere en Afrique Centrale francs (XAF)

Government type

Presidential republic

Languages

Spanish (official) 67.6%, other (includes French (official), Fang, Bubi) 32.4% 

Religions

Nominally Christian and predominantly Roman Catholic, pagan practices

Total population
1990 2000 2010 2016* 2021*
0.374 million 0.518 million 0.696 million 0.821 million 0.932 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
26% 28% 39% 40%
Population median age

19.6 years (2016 estimate)

Population growth rate

2.48% (2016 estimate)

Life expectancy

64.2 years (2016 estimate)

Literacy

Total population: 95.3%
Male: 97.4%
Female: 93% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2017)                          

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 1.42%   Mobile 66.72% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

21.32% (2015)

Mercer Cost of living index

N/A

CO2 emissions

6.8 (2013)

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