South Sudan Projected to be the Fastest Growing Economy in the World, 2014 PaanLuel Wël 10 years ago ‘Economist’ top growers’ list for 2014 springs surprises, South Sudan GDP forecast to grow fastest South Sudan GDP forecast to grow fastest – PHOTO: REUTERS Which economy will be the fastest-growing next year? The answer will surprise most people. In fact, many will struggle to even pinpoint it on a world map. It is South Sudan, going by The Economist’s Top Growers for 2014 list. Occupying the top spot, this landlocked East African economy, which depends on oil for reportedly more than 90 per cent of its revenue, is predicted to grow its gross domestic product (GDP) by 35 per cent. The resumption of oil production earlier this year – after it was halted in January 2012 over a disagreement with Sudan, from which it split in 2011 – will be a huge boost to its economic growth. Ranked second on the magazine’s 2014 list of 12 runaway economies is Mongolia, expected to clock another double-digit year with 15.3 per cent growth, buoyed by a mining boom. And third is Macau, projected to achieve 13.5 per cent GDP growth thanks to its gaming and tourism revenues. Share this:Print Rich, Poor and Debts: Failures of South Sudan Economy within the regionDateOctober 10, 2015In relation toCommentaryComparative Development: What Does Rwanda Have That South Sudan Does Not?DateMay 14, 2020In relation toBusinessThe Significance of Infrastructural Development as a Foundation for Social Prosperity and Stability in South SudanDateJune 12, 2020In relation toEconomy
