The gross domestic product (GDP) of a country can be defined as the value of the total final output of all goods and services produced in a single year within a country's boundaries. The growth is expressed as a percent. The GDPs of several countries can be combined to reflect the state of the economy of a particular geographic region (for example, countries in the Middle East) or of a group of countries at a particular stage of development (for example, advanced versus emerging economies).
The period from 2000 to 2010 has been the era of the Emerging Markets. When measured by percent change in gross domestic product at constant prices, the growth in emerging, developing and newly industrialized nations (developing Asia, in particular) far outpaced that of the developed world. In the 2007-2009 financial crisis, in many cases these economies bounced back faster than advanced economies, which took the hardest hit.
But not all of the developing world weathered the storm so well. Prior to 2007, Central and Eastern Europe and the Commonwealth of Independent States, were experiencing strong expansion. However, by 2008 growth slowed significantly and continued its downward trend in 2009.
In 2010 growth returned to near pre-crisis levels in both regions, and is projected to continue on a steady course above 4% for the next few years - assuming the European Union economic crisis of 2010 and 2011 does not spread contagion to these regions. Developing Asia is expected to be the star performer of the next few years, with grow forecast above 8% out to 2016. Click here for a list of the countries within each group. Data from the International Monetary Fund, World Economic Outlook Database, April 2011 (with updates June 2011). Click on the column heading to sort the table. * Estimate **Projected | 
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