Kazakhstan

Russia

China

NepalBhutan

Mongolia

India

Sri Lanka

Kyrgyz RepublicTajikistanTurkmenistan

Bangladesh

Cambodia

PhilippinesVietnam

LaosPakistan

IranIraqSyria

Uzbekistan

Thailand

Egypt

Chad Sudan Yemen

DjiboutiEthiopia

Afghanistan

Kenya

Namibia

Republic ofCongo

Central AfricanRepublic

Botswana

Mozambique

Madagascar

Tanzania

Mauritius

Swaziland

South AfricaLesotho

Angola

Mauritania

Colombia

Mexico

Brazil

Peru

Bolivia

Paraguay

UruguayArgentina

Chile

Malaysia

Indonesia

East Timor

Tunisia

Algeria Morocco

Zambia

Gabon

TogoRwanda

Uganda

Equatorial Guinea

Cameroon

Ghana

BeninNiger

Nigeria

Mali

Guinea

Burkina FasoCote

d’Ivoire

Senegal

The GambiaEl SalvadorCosta Rica

Belize

Guatemala

Panama

GuyanaSuriname

Ecuador

Venezuela

DominicanRepublic

DominicaBarbados

Grenada

Jamaica

Haiti

HondurasNicaragua

Romania

Bulgaria

Moldova

Albania

Serbia

Belarus

Macedonia

Bosnia-Herz.

Turkey

Ukraine

Lebanon

Azerbaijan

Armenia

Georgia

Jordan

PapuaNew Guinea

Pro: Committed to strong growthCon: Exports falling sharply

Pro: Growth-oriented governmentCon: Investors becoming anxious

Pro: Strong economic fundamentalsCon: Infrastructure investment needed

Pro: Sound economic footingCon: Exports under pressure

Pro: Strong fiscal positionCon: Reliant on exports to EU

Pro: Flexible economyCon: Overvalued currency

Pro: Substantial stimulus plannedCon: Cheaper oil denting revenues

Pro: Proactive governmentCon: Over-reliance on diamonds

Pro: Strong economic growthCon: Poverty still widespread

Pro: Transparent local marketCon: Heavily reliant on US

Pro: Significant natural resourcesCon: Poverty remains a problem

Pro: Strong government Con: GDP growth falling

Pro: Strong domestic demandCon: Political future uncertain

Pro: Robust banking industryCon: Growing social unrest

Pro: Improving foreign relationsCon: Protectionist leanings

Pro: Sound economic managementCon: Exports face steep decline

Pro: Economy proving resilientCon: Export volumes falling

Pro: Stable banking industryCon: Mounting political uncertainty

Pro: HugnalCon: Grarity

Pro: Young, productive workforceCon: Industrial output falling fast

Pro: Exports growing stronglyCon: Inflation pressure growing

Pro: Abundant natural resourcesCon: Economy in steep slowdown

Pro: Sound economic foundationCon: External demand tailing off

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

Most Competitive

Malaysia ChileChina Thailand Tunisia South AfricaBarbados JordanIndiaRussia

5.04

4.72

4.70

4.60

4.58

4.41

4.40

4.37

4.33

4.31

Competitiveness index

10 Least Corrupt

Barbados Chile UruguayDominicaBotswanaMauritiusBhutanCosta RicaJordanMalaysia

7.0

6.9

6.9

6.0

5.8

5.5

5.2

5.1

5.1

5.1

Corruption index

GDP Growth Projections

Azerbaijan Angola Rep. of CongoTurkmenistan Iraq* China Afghanistan Yemen Nigeria Uganda

16.4

12.8

12.1

10.3

9.8

9.3

8.3

8.1

8.1

8.1

%

Actual FDI Inflowsfor 2007

China RussiaBrazilMexico India TurkeyChileNigeriaEgyptKazakhstan

83,512

52,475

34,585

24,686

22,950

22,029

14,457

12,454

11,578

10,259

$ m

GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption$ % $ million % score index

ALGERIA 4,843 4.5 1,665 -7 3.71 3.2ANGOLA 6,281 12.8 -1,500 0 2.28 1.9BENIN 905 5.7 48 -9 3.56 3.1BOTSWANA 9,538 4.6 495 1 4.25 5.8BURKINA FASO 614 5.6 600 1,664 3.36 3.5CAMEROON 1,309 4.6 284 -8 3.48 2.3CENTRAL AFRICAN REP. 512 4.5 27 50 2.28 2.0CHAD 1,016 5.0 603 -13 2.85 1.6CONGO, REPUBLIC OF 4,739 12.1 352 2 2.28 1.9COTE D’IVOIRE 1,294 4.7 427 33 3.51 2.0DJIBOUTI 1,370 6.9 195 18 2.28 3.0EGYPT 2,652 6.0 11,578 15 3.98 2.8ETHIOPIA 409 6.5 254 -53 3.41 2.6GABON 11,620 7.0 269 0 2.28 3.1GAMBIA, THE 504 6.0 64 -10 3.88 1.9GHANA 813 5.8 855 34 3.62 3.9GUINEA 438 4.7 111 3 2.28 1.6KENYA 991 6.4 728 1,327 3.84 2.1LESOTHO 721 5.4 106 15 3.40 3.2MADAGASCAR 535 7.5 997 239 3.38 3.4MALI 688 5.2 360 334 3.43 3.1MAURITANIA 1,318 6.8 153 -1 3.14 2.8MAURITIUS 7,732 6.2 339 223 4.25 5.5MOROCCO 3,116 5.5 2,577 5 4.08 3.5MOZAMBIQUE 494 6.7 427 177 3.15 2.6NAMIBIA 4,076 4.2 697 80 3.99 4.5NIGER 408 4.5 27 -47 2.28 2.8NIGERIA 1,689 8.1 12,454 -11 3.41 2.8RWANDA 469 5.6 67 319 2.28 3.0SENEGAL 1,157 5.8 78 -65 3.73 3.4SOUTH AFRICA 6,648 3.3 5,692 1,180 4.41 4.9SUDAN 1,822 7.7 2,436 -31 2.28 1.6SWAZILAND 3,097 2.5 37 3 2.28 3.6TANZANIA 573 8.0 600 15 3.49 3.0TOGO 470 3.5 69 -10 2.28 2.7TUNISIA 4,184 5.0 1,618 -51 4.58 4.4UGANDA 528 8.1 368 -8 3.35 2.6ZAMBIA 1,335 6.4 984 60 3.49 2.8

GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption$ % $ million % score index

AFGHANISTAN 524 8.3 288 19 2.28 1.5AZERBAIJAN 7,776 16.4 -4,817 -701 4.10 1.9BANGLADESH 542 5.6 666 -16 3.51 2.1BHUTAN 2,185 5.7 78 1,200 2.28 5.2CAMBODIA 839 6.0 867 80 3.53 1.8CHINA 3,577 9.3 83,512 15 4.70 3.6EAST TIMOR 468 0.6 2 0 3.15 2.2GEORGIA 3,242 4.0 1,659 57 3.86 3.9INDIA 1,122 6.9 22,950 17 4.33 3.4INDONESIA 2,393 5.5 6,928 41 4.25 2.6KAZAKHSTAN 10,106 5.3 10,259 65 4.11 2.2KYRGYZ REPUBLIC 1,131 6.7 208 14 3.40 1.8LAOS 946 6.8 324 73 2.28 2.0MALAYSIA 8,325 4.8 8,403 39 5.04 5.1MONGOLIA 2,140 8.1 328 13 3.65 3.0NEPAL 494 5.5 6 100 3.37 2.7PAKISTAN 1,047 3.5 5,333 25 3.65 2.5

PAPUA NEW GUINEA 1,046 4.7 96 1,471 2.28 2.0PHILIPPINES 1,987 3.8 2,928 0 4.09 2.3SRI LANKA 2,435 5.1 529 10 4.02 3.2TAJIKISTAN 849 7.0 401 18 3.46 2.0THAILAND 4,401 4.5 9,575 6 4.60 3.5TURKMENISTAN 4,808 10.3 804 10 2.28 1.8UZBEKISTAN 1,162 7.5 262 34 2.28 1.8VIETNAM 1,197 5.5 6,739 186 4.10 2.7

GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption$ % $ million % score index

ALBANIA 4,682 6.3 656 102 3.55 3.4ARMENIA 3,861 8.0 661 46 3.73 2.9BELARUS 7,317 8.0 1,772 401 2.28 2.0BOSNIA & HERZEGOVINA 5,275 5.0 2,022 186 3.56 3.2BULGARIA 7,640 4.3 8,429 12 4.03 3.6MACEDONIA 5,100 5.0 320 -25 3.87 3.6MOLDOVA 2,350 6.5 459 90 3.75 2.9ROMANIA 11,992 4.8 9,774 -14 4.10 3.8RUSSIA 14,688 5.5 52,475 62 4.31 2.1SERBIA 7,952 6.0 3,110 -31 3.90 3.4TURKEY 11,194 3.0 22,029 10 4.15 4.6UKRAINE 4,800 2.5 9,891 76 4.09 2.5

GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption$ % $ million % score index

ARGENTINA 9,843 3.6 5,720 14 3.87 2.9BARBADOS 14,683 1.0 51 -45 4.40 7.0BELIZE 4,399 2.5 112 8 2.28 2.9BOLIVIA 2,002 5.0 204 -27 3.42 3.0BRAZIL 8,169 3.5 34,585 84 4.13 3.5CHILE 10,081 3.8 14,457 96 4.72 6.9COLOMBIA 5,362 3.5 9,028 40 4.05 3.8COSTA RICA 6,775 3.5 1,896 29 4.23 5.1DOMINICA 5,381 2.8 48 78 2.28 6.0DOMINICAN REPUBLIC 5,151 2.8 1,698 16 3.72 3.0ECUADOR 4,067 3.0 178 -34 3.58 2.0EL SALVADOR 3,246 2.6 1,526 597 3.99 3.9GRENADA 6,720 4.2 140 65 2.28 N/AGUATEMALA 2,789 4.0 724 22 3.94 3.1GUYANA 1,591 4.5 152 49 3.47 2.6HAITI 825 4.0 75 -53 2.28 1.4HONDURAS 1,928 4.0 816 21 3.98 2.6JAMAICA 5,472 0.9 779 -12 3.89 3.1MEXICO 11,102 1.8 24,686 28 4.23 3.6NICARAGUA 1,136 3.5 335 17 3.41 2.5PANAMA 7,768 7.8 1,825 -29 4.24 3.4PARAGUAY 2,877 4.2 190 12 3.40 2.4PERU 5,077 7.0 5,343 54 3.95 3.6SURINAME 6,237 4.8 316 -2 3.58 3.6URUGUAY 11,045 5.5 879 -37 4.04 6.9VENEZUELA 13,271 2.0 646 209 3.56 1.9

GDP per head GDP growth Actual FDI FDI change Competitiveness Corruption$ % $ million % score index

IRAN 5,973 5.0 754 138 2.28 2.3IRAQ* 4,000 9.8 448 17 2.28 1.3JORDAN 3,616 5.3 1,835 -43 4.37 5.1LEBANON 8,029 5.0 2,845 4 2.28 3.0SYRIA 2,242 5.2 885 48 3.99 2.1YEMEN 1,453 8.1 464 -59 2.28 2.3

EMERGING MARKETS 2009

AFRICA

EUROPE

MIDDLE EAST

ASIA

LATIN AMERICA

Sources: GDP per capita: 2009 estimate, IMF; * Source for GDP: CIA Factbook; Projected GDP growth: 2009 estimate, IMF - World Economic Outlook, October 2008; Competitiveness score: The World Economic Forum Global Competitiveness Report 2008-2009; Corruption index: Transparency International Corruption Perceptions Index, 2008; FDI flows: UNCTAD World Investment Report, September 2008. Cartographic maps courtesy of Istituto Geografico De Agostini.

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