Frost & Sullivan’s Top Emerging Markets List, 2019
In the context of a global economic and business environment, emerging markets have increasingly been taking center-stage in the growth strategies of businesses across the globe, with GDP growth rates across emerging markets outpacing that of developed economies. With accelerated middle-class expansion and a large and growing working-age population, it is a remarkable consumption story in the emerging markets, where investors are increasingly being taking advantage of. Moreover, prudent governance in emerging markets through the provision of state-of-the-art infrastructure and attractive business measures also works as a prime growth enabler.
The concept of go-to emerging markets, however, is an ever-changing one, in the light of heightened volatility in the financial markets, looming geopolitical concerns, increasing competitions, and changing business needs. In this context, Frost & Sullivan annually monitors global emerging markets using a comprehensive, data-driven indexing approach to identify emerging market front-runners, transforming emerging markets, as well as fledgling emerging markets. Following the release of the 2017 and 2018 Emerging Markets List, Frost & Sullivan has now developed the 2019 Emerging Markets List to help companies develop a systematic and proactive approach to emerging market expansion.
A Frost & Sullivan Emerging Market should fulfil the following 3 criteria:
• Nominal GDP for 2019, based on projections by the International Monetary Fund (IMF), should be $25 billion and more.
• Total population for 2019, based on projections by the IMF, should be more than 5 million.
• GDP per capita based on purchasing power parity (PPP) for 2019, based on projections by the IMF, should not be more than $35,000.
Based on the fulfilment of these three criteria, 64 emerging countries were chosen and a ranking system was applied to these countries.
Regional coverage includes Africa, Americas, Asia-Pacific, Central Asia, Eastern Europe, and the Middle East.
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