5 Fastest Growing Developing Countries in 2020

2. Ethiopia

Average real growth rate of the country over the past decade (2011 – 2020): 8.75%

Fending off strong competition from fellow Africa countries, Ethiopia has the fastest growing economy in all of Africa, and also has a significant population with over 109 million people. 2020 hasn’t really been a good year for the country though, with civil wars between its armed forces and rebel factions increasing significantly in 2020, resulting in a lot of civilian deaths and negative economic impact as well. However, there is opportunity for improvement as over the past 15 years, most international organizations such as the World Bank and the IMF highlighting the fast growth in Ethiopia.