What do the following countries have in common?
- Equatorial Guinea
This list, with the exception of China, may be a “Who's Who” of countries that barely make the news today.
However, according to The Economist, these are the top ten countries in the world with the highest economic growth between 1993 and 2003 as measured by the average annual increase in GDP. Equatorial Guinea's average annual GDP was the highest at 25.9% each year over that decade while Bhutan's was 7.1% each year over that decade. Everyone else fell somewhere in between.
By comparison, the United States average was 3.3% and the world average was 3.6% during the same period.
What does that tell you? While there are many factors that can contribute to massive growth (or average growth, or mediocre growth), the reality is that there's growth. Growth can mean opportunity for the savvy business owner, including:
- Computers/IT development
- Helping entrepreneurs market to the world
You might not be able to find half of these places on a map but they do have money. Do some research on them and consider the opportunities.