Top 10 countries that will lead the global recovery

10. Thailand

Thailand had in 2008 a GDP per capita of $8,200 and a nominal GDP of $270 billion.

Bangkok Government said the economy has risen in the first quarter 2010 by 12%. For the whole year, Thailand projects a 3.5% increase.

World Bank has raised its GDP growth forecast for 2010 in East Asia and Pacific, the first tor recover from the global crisis to 8.7% from 7.8%.

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9. Argentina

Argentina had a GDP per capita of $14,400 in 2010k, and a nominal GDP of $330 billion.

Argentina’s GDP could grow 7% in 2010, as the effects of the financial crisis have started to fade away. In 2009, the Gross Domestic Product increased by 0.9% in Q1-Q2 period 2010, with quarterly growth of 1.9% - 2.6%.

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8. Iran

Before the onset of the financial crisis, Iran’s GDP per capita stood at $11,000, while the nominal GDO was $340 billion.

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7. Taiwan

In 2008, Taiwan had a GDP per capita of $30,900 and a nominal GDP of $440 billion.

In the first quarter this year, Taiwan’s economy increased by 13.27% year-on-year, the steepest growth rate in 32 years.

The economic growth driven by exports and private investments has exceeded the 10.66% outlook and was the second successive quarter of growth after five quarters of economic contraction.

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6. Saudi Arabia

Saudi Arabia is among the world’s post-recession economic powerhouses. The country recorded a GDP per capita of $23,800 and a nominal GDP of $470 billion.

Saudi Arabia’s economy grew faster than estimated, buoyed by private sector performance.

Analysts expect Saudi Arabia’s GDP to grow this year by 4.2% despite the April decline.

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5. Indonesia

In 2008, Indonesia was reporting a GDP per capita of $4,000 and a nominal GDP of $510 billion.

In 2009, the country’s economy increased by 4.5%, one of the three Asian recession-proof countries that posted growth in GDP.

Jakarta Government said it expects an economic growth of 5.8% this year, and 6.4% in 2011.

Indonesia’s economy will grow 6% in 2010 due to the improved investment climate and good fiscal and monetary policy management, International Monetary Fund said.

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4. Poland

Poland had a GDP of $530 billion in 2008 and a GDP per capita of $17,500.

Poland’s economy, the only European country that dodged recession will rise 2.75% this year, and 3.25% in 2011, according to International Monetary Fund estimates.

In 2009, Poland recorded an economic growth of 1.7%, according to preliminary data.

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3. Turkey

Turkey takes the third spot in the list of emerging countries to lead the economic recovery. The country had a nominal GDP in 2008 of $730 billion and purchasing power parity of 0.9.

Turkey’s GDP dropped 4.7% in 2009, but the country emerged from recession in the fourth quarter of the year, with 6% economic growth. Turkey’s economy could increase by 6% this year, more than Ankara officials’ estimates of 3.5%, and the country’s current account deficit could be partially covered.

Turkey has weathered recession with minimal risks, as no bank in the country went bust in the previous years.

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2. South Korea

South Korea recorded a nominal GDP of $930 billion in 2008, and due to the decline in population, the GDP per capita reached $27,600.

Analysts expect the economic growth to remain positive in the second quarter, should exports and production keep the same growth rate.

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1. Mexico

In 2008, Mexico’s GDP stood at $1,100 billion while the purchasing power parity was the highest of all the ten countries in the report. GDP per capita stood at $14,500.

Mexico’s economy improved in the first quarter this year, driven by external demand that encouraged exports, although production dropped quarter-on-quarter.

In the first quarter this year, Mexico’s GDP swelled 4.3% year-on-year, but contracted 0.35% quarter-on-quarter. Mexico authorities predict an annual economic growth of 5% after 6.5% contraction in 2009.

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