What is the fastest growing economy in the world?
This is a question many come with the wrong answer, China. Though it is a fast economy, in fact China is not the fastest growing economy in the world. China has been keeping its growth in a very much steady manner for three decades. The following graphic illustrate the Chinese economic growth for last decade 1998-2008. From Qatar Tribune January 20, 2009. Due to the global economic down turn growth of the ‘red giant’ has also fallen. Read here the recent news reports by BBC and CNN on slowing economy of China. Then what is the fastest growing economy? Well, it is a small Middle Eastern oil economy, Qatar. Below table shows the IMF estimates for annual percent change of real GDP for some fast growing economies and Sri Lanka. Ranking is given based on 2008 growth.
