16. Botswana
GDP: $29,707 Billion
Foreign Exchange Reserve: $7,993 Million
Since gaining independence in 1966, Botswana has recorded one of the world’s highest growth rates that transformed it from a fledgling economy to a middle-income economy. This it had mainly achieved through stringent fiscal discipline and proper management of the country’s resources by the government. Botswana is rich in diamond but also in strong farming, tourism and financial servicing.
15. Democratic Republic Of Congo
GDP: $32.69 Billion
Foreign Exchange Rate: $5, 239 Million
The economy of the Republic of the Congo is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services, and a government spending, characterized by budget problems and over staffing.Petroleum has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. Nowadays the country is increasingly converting natural gas to electricity rather than burning it, greatly improving energy prospects.
Discussion about this post