{{Rwanda will be among the fastest growing economies of the world in 2013 with a 7.8% GDP growth.}}
Among the ten economies to watch in 2013, four of them are on the African continent including Rwanda(7.8% GDP growth), Ghana(7.6%GDP growth) Mozambique(8.2%) and Libya(12.2% GDP growth).
Libya is 3rd on the list of ten behind Mongolia(18.1%GDP growth) and Macau(13.5%GDP growth).
The star performer will be Mongolia, followed by Macau. Both should give thanks to China (number four on the list): it is China’s demand for Mongolia’s minerals that is powering its economy; and it is Chinese gamblers who fill the casinos of Macau.
China apart, the list consists of economies too small to move the world’s stock indices.
But do they have attractions that size cannot measure? Bhutan (at number five) is undoubtedly beautiful and is blessed with hydroelectric power, and, now that their various wars or periods of political insurrection are over, there are surely advocates for Timor-Leste and the East African duo of Mozambique and Rwanda.
Ghana, a model of stability in West Africa, has lots of fans—and promising oil reserves, too.
Libya (number three) and Iraq (equal seventh) both have a lot of oil but not exactly great stability.
(Economist photo)
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