This Is What the Fastest Growing Emerging Economies Have in Common

October 17, 2018

Via: Fortune

By 2030, emerging markets will account for 62% of total growth in global consumption, the equivalent of $15.5 trillion in spending. But some countries are developing more quickly than others.

Anu Madgavkar, a partner at McKinsey Global Institute, the business and economics research arm of consulting firm McKinsey, evaluated nearly 70 countries to identify the “overachievers” in emerging markets. Her team found that seven nations—China, South Korea, Singapore, Hong Kong, Malaysia, Indonesia, and Thailand—all had at least 3.5% real GDP growth per capita year-over-year for the past 50 years.

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