Kazakhstan Russia China Nepal Bhutan Mongolia India Sri Lanka Kyrgyz Republic Tajikistan Turkmenistan Bangladesh Cambodia Philippines Vietnam Laos Pakistan Iran Iraq Syria Uzbekistan Thailand Myanmar Egypt Chad Sudan Djibouti Afghanistan Kenya Namibia Republic of Congo Botswana Mozambique Malawi Zimbabwe Tanzania Mauritius Swaziland South Africa Lesotho Angola Mauritania Colombia Mexico Brazil Peru Bolivia Paraguay Uruguay Argentina Chile Malaysia Indonesia East Timor Tunisia Algeria Morocco Zambia Togo Rwanda Equatorial Guinea Gabon Cameroon Ghana Benin Nigeria Mali Guinea Bissau Guinea Burkina Faso Côte d’Ivoire Senegal Gambia El Salvador Costa Rica Belize Guatemala Panama Guyana Suriname Ecuador Venezuela Dominican Republic Dominica Trinidad & Tobago Jamaica Haiti Honduras Nicaragua Poland Croatia Romania Lithuania Bulgaria Moldova Albania Serbia Belarus Macedonia Bosnia-Herz. Turkey Ukraine Lebanon Azerbaijan Armenia Georgia Jordan Saudi Arabia Papua New Guinea Yemen Latvia Maldives Seychelles Hungary Montenegro Pro: Economy is maturing Con: Remains over-reliant on exports Pro: Double-digit GDP growth Con: Inflation prompts unease Pro: Strong investment record Con: Economy stumbling Pro: Investment supporting growth Con: State spending is surging Pro: Remittances boost GDP Con: Inflation on rising trend Pro: Huge scope for expansion Con: Labor shortage inhibits growth Pro: Economy rebounding Con: State finances stretched Pro: Reforms to further boost GDP Con: Heavy reliance on oil exports Pro: Business reforms in pipeline Con: Capacity restrains limit growth Pro: Business-friendly government Con: Infrastructure under-developed Pro: Capable economic management Con: Global woes inhibit growth Pro: Strong rebound expected Con: Exports impaired by 2011 floods Pro: Foreign investment surging Con: Growth is straining infrastructure Pro: Domestic consumption booming Con: Social welfare system still lacking Pro: Strong growth momentum Con: Lingering corruption Pro: OECD-leading economy Con: Inflation expected to rise Pro: High oil prices driving growth Con: Political dissent on the rise Pro: Formidable domestic demand Con: Over dependence on FDI Pro: Efficient open economy Con: External demand weakening Pro: Foreign investment magnet Con: Growth slowing sharply Pro: Strong export growth to US Con: Currency proving unstable Pro: Strong GDP growth resumes Con: Signs of overheating emerge Most Competitive Saudi Arabia Malaysia China Chile Thailand Tunisia Poland Lithuania Indonesia Hungary 5.17 5.08 4.90 4.70 4.52 4.47 4.46 4.41 4.38 4.36 Competitiveness index Chile Uruguay Botswana Bhutan Poland Dominica Mauritius Rwanda Lithuania Seychelles 7.2 7.0 6.1 5.7 5.5 5.2 5.1 5.0 4.8 4.8 Corruption index Least Corrupt GDP Growth Estimates Ghana Mongolia Turkmenistan Iraq China P. New Guinea Laos Bhutan Argentina India 13.5 11.5 9.9 9.7 9.5 9.0 8.3 8.1 8.0 7.8 % Actual FDI Inflows for 2010 China Brazil Russia Saudi Arabia India Mexico Chile Indonesia Kazakhstan Angola 105,735 48,438 41,194 28,105 24,640 18,679 15,095 13,304 9,961 9,942 $ mill Sources: GDP per capita and estimated 2011 GDP growth: IMF World Economic Outlook, September 2011; Competitiveness index: The World Economic Forum, September 2011; Corruption index: Transparency International, October 2011; FDI flows: UNCTAD, November 2011 Cartographic map courtesy of Istituto Geografico De Agostini EMERGING MARKETS 2012 Sizzling: Watch out for dramatic growth and intense investor interest Hot: Conditions are right for serious growth Warm: Only for the brave, but pioneers will find plenty of opportunity Tepid: Great potential but serious downsides Cold: The risks of investing outweigh the potential rewards GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption $ % $ million % score index ALGERIA 5,001 2.86 2,291 -17.01 3.96 2.9 ANGOLA 5,061 3.68 9,942 -14.82 2.96 2.0 BENIN 756 3.77 111 -17.72 3.78 3.0 BOTSWANA 8,844 6.24 529 -8.65 4.05 6.1 BURKINA FASO 670 4.88 37 -78.34 3.25 3.0 CAMEROON 1,234 3.80 425 26.00 3.61 2.5 CHAD 920 2.45 781 69.20 2.87 2.0 CONGO - REPUBLIC OF 3,792 5.00 2,816 35.16 N/A 2.2 CÔTE D’IVOIRE 1,049 -5.84 418 9.73 3.37 2.2 DJIBOUTI 1,500 4.82 27 -73.10 N/A 3.0 EGYPT 2,922 1.22 6,386 -4.86 3.88 2.9 EQUATORIAL GUINEA 14,374 7.09 695 -57.52 N/A 1.9 GABON 10,982 5.58 170 419.07 N/A 3.0 GAMBIA 620 5.50 37 -20.96 3.84 3.5 GHANA 1,588 13.53 2,527 50.01 3.65 3.9 GUINEA-BISSAU 586 4.79 9 -36.61 N/A 2.2 KENYA 882 5.28 133 -5.33 3.82 2.2 LESOTHO 1,040 5.15 55 13.96 3.26 3.5 MALDIVES 6,499 6.49 164 45.82 N/A 2.5 MALI 796 5.28 148 35.33 3.39 2.8 MAURITANIA 1,227 5.11 14 135.59 3.20 2.4 MAURITIUS 8,520 4.20 430 67.15 4.31 5.1 MOROCCO 3,162 4.62 1,304 -33.20 4.16 3.4 MOZAMBIQUE 551 7.19 789 -11.61 3.31 2.7 NAMIBIA 6,087 3.57 858 66.08 4.00 4.4 NIGERIA 1,541 6.89 6,099 -29.49 3.45 2.4 RWANDA 585 7.00 42 -64.34 4.19 5.0 SENEGAL 1,096 4.02 237 14.29 3.70 2.9 SEYCHELLES 11,117 5.04 369 34.24 N/A 4.8 SOUTH AFRICA 1,457 5.65 1,553 -71.06 4.34 4.1 SUDAN 1,939 -0.22 1,600 -40.35 N/A 1.6 SWAZILAND 3,332 -2.06 93 41.12 3.30 3.1 TANZANIA 550 6.12 700 8.53 3.56 3.0 TOGO 511 3.83 41 -18.09 N/A 2.4 TUNISIA 4,593 0.01 1,513 -10.37 4.47 3.8 ZAMBIA 1,355 6.72 1,041 49.88 3.67 3.2 ZIMBABWE 735 6.02 105 0.38 3.33 2.2 GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption $ % $ million % score index AFGHANISTAN 575 7.07 76 -59.11 N/A 1.5 ARMENIA 3,048 4.61 577 -25.75 3.89 2.6 AZERBAIJAN 7,510 0.19 563 18.98 4.31 2.4 BANGLADESH 690 6.32 913 30.44 3.73 2.7 BHUTAN 2,299 8.06 12 -20.39 N/A 5.7 CAMBODIA 912 6.71 783 45.16 3.85 2.1 CHINA 5,184 9.47 105,735 11.30 4.90 3.6 EAST TIMOR 649 7.34 280 460.07 3.35 2.4 GEORGIA 3,098 5.55 549 -16.64 3.95 4.1 INDIA 1,527 7.84 24,640 -30.88 4.30 3.1 INDONESIA 3,469 6.40 13,304 172.76 4.38 3.0 KAZAKHSTAN 10,951 6.52 9,961 -27.67 4.18 2.7 KYRGYZ REPUBLIC 970 7.00 234 23.21 3.45 2.1 LAOS 1,204 8.26 350 9.85 N/A 2.2 MALAYSIA 8,617 5.20 9,103 536.61 5.08 4.3 MONGOLIA 3,131 11.47 1,691 171.23 3.86 2.7 MYANMAR 804 5.53 756 30.72 N/A 1.5 NEPAL 644 3.48 39 1.11 3.47 2.2 PAKISTAN 1,164 2.56 2,016 -13.77 3.58 2.5 PAPUA NEW GUINEA 1,712 8.96 29 -93.18 N/A 2.2 PHILIPPINES 2,255 4.66 1,713 -12.74 4.08 2.6 SRI LANKA 2,864 6.96 478 18.22 4.33 3.3 TAJIKISTAN 862 6.00 45 183.33 3.77 2.3 THAILAND 5,281 3.54 5,813 16.82 4.52 3.4 TURKMENISTAN 4,362 9.90 2,083 -46.13 N/A 1.6 UZBEKISTAN 1,529 7.05 822 15.61 N/A 1.6 VIETNAM 1,362 5.75 8,173 7.54 4.24 2.9 GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption $ % $ million % index index ALBANIA 4,131 2.50 1,097 12.00 4.06 3.1 BELARUS 6,118 4.96 1,350 -28.45 N/A 2.4 BOSNIA AND HERZEGOVINA 4,715 2.20 63 -74.18 3.83 3.2 BULGARIA 7,243 2.50 2,170 -35.24 4.16 3.3 CROATIA 14,529 0.76 583 -79.99 4.08 4.0 HUNGARY 14,808 1.80 2,377 16.22 4.36 4.6 LATVIA 12,226 3.96 349 271.98 4.24 4.2 LITHUANIA 13,190 5.98 629 265.66 4.41 4.8 MACEDONIA 5,012 3.05 293 45.59 4.05 3.9 MOLDOVA 2,022 7.00 199 55.59 3.89 2.9 MONTENEGRO 6,668 2.02 760 -50.21 4.27 4.0 POLAND 13,967 3.81 9,681 -29.32 4.46 5.5 ROMANIA 8,666 1.49 3,573 -26.28 4.08 3.6 RUSSIA 13,236 4.29 41,194 12.86 4.21 2.4 SERBIA 6,267 2.01 1,329 -32.18 3.88 3.3 TURKEY 10,576 6.59 9,071 7.85 4.28 4.2 UKRAINE 3,575 4.70 6,495 34.86 4.00 2.3 GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption $ % $ million % score index ARGENTINA 10,640 7.99 6,337 57.75 3.99 3.0 BELIZE 4,349 2.50 97 -10.43 3.52 N/A BOLIVIA 2,246 5.00 622 47.05 3.82 2.8 BRAZIL 12,917 3.77 48,438 86.67 4.32 3.8 CHILE 13,970 6.55 15,095 17.25 4.70 7.2 COLOMBIA 6,980 4.87 6,760 -5.29 4.20 3.4 COSTA RICA 8,489 4.00 1,413 4.91 4.27 4.8 DOMINICA 6,833 0.90 31 -25.28 N/A 5.2 DOMINICAN REPUBLIC 5,406 4.50 1,626 -24.92 3.73 2.6 ECUADOR 4,352 5.78 164 -48.55 3.82 2.7 EL SALVADOR 3,831 2.00 78 -78.68 3.89 3.4 GUATEMALA 3,177 2.85 687 14.47 4.00 2.7 GUYANA 3,202 5.26 188 30.00 3.73 2.5 HAITI 739 6.14 150 295.26 2.90 1.8 HONDURAS 2,105 3.46 797 52.40 3.98 2.6 JAMAICA 5,376 1.49 201 -62.84 3.76 3.3 MEXICO 10,803 3.79 18,679 21.82 4.29 3.0 NICARAGUA 1,202 3.98 508 17.00 3.61 2.5 PANAMA 8,421 7.40 2,363 33.26 4.35 3.3 PARAGUAY 3,421 6.40 419 100.62 3.53 2.2 PERU 5,614 6.25 7,328 31.42 4.21 3.4 SURINAME 7,281 5.03 180 19.05 3.67 3.0 TRINIDAD & TOBAGO 3,648 1.42 549 -22.52 4.00 3.2 URUGUAY 14,672 6.00 2,355 47.85 4.25 7.0 VENEZUELA 3,081 3.79 -1,404 54.78 3.51 1.9 GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption $ % $ million % score index IRAN 6,260 2.52 3,617 19.92 4.26 2.7 IRAQ 3,306 9.65 1,426 -1.73 N/A 1.8 JORDAN 4,542 2.46 1,704 -29.89 4.19 4.5 LEBANON 10,474 1.50 4,955 3.15 3.95 2.5 SAUDI ARABIA 3,049 2.03 28,105 -12.45 5.17 4.4 SYRIA 3,050 -2.02 1,381 -3.68 3.85 2.6 YEMEN 1,460 -2.47 -329 -354.64 3.06 2.1 AFRICA ASIA LATIN AMERICA MIDDLE EAST EUROPE