Top 10 Countries for Economic Growth

AdvisorOne highlights the countries based on growth potential from 2010-2050, culled from a Knight Frank and Citi Private Bank report

Reclining Buddha statue in Sri Lanka, one of the countries that will awaken by 2050. Reclining Buddha statue in Sri Lanka, one of the countries that will awaken by 2050.

Emerging markets are always an elephant in a portfolio room. Why? Because that’s where the future—the long-term future—economic power generators will reside. They're also the places that will be attracting the most capital in the years to come. From an investing standpoint, buying into those future growth engines would be wise as well. This doesn’t mean the present wealth centers, like London, New York, Hong Kong, won’t be rolling in riches, just not as much—and not as much in growth, which has already come to pass.

So Knight Frank, an independent global residential and commercial property consultancy based in London, and Citi Private Bank have released The Wealth Report for 2012, a comprehensive look a global wealth and property trends over the next few decades that focuses mainly on high net worth individuals.

From this report, AdvisorOne highlights the Top 10 countries for economic growth. As it turns out, the top growth countries are already emerging markets, and aren’t, unfortunately, the more established countries, like the U.S. The countries are ranked based on projected year-over-year growth change from 2010 to 2050—as was said earlier: “the long-term future.”

 Pyramid and Sphinx in Egypt.10. Egypt:  6.4%

Dambulla Cave Temple in Sri Lanka9. Sri Lanka:  6.6%

Indonesian Hindu temple8. Indonesia:  6.8%

Mongolia statue7. Mongolia:  6.9%

Emerald lagoon in Philippines6. Philippines:  7.3%

Street vendor in Vietnam5. Vietnam:  7.5%

Temples in Dhaka, Bangladesh4. Bangladesh:  7.5%

Oil derrick in Iraq3. Iraq:  7.7%

Mumbai's Chhatrapati-Shivaji train terminus2. India:  8.0%

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