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Frontier Markets

28 COUNTRIES MAKE UP THE FRONTIER MARKETS

World Economics has combined 28 countries to represent the Frontier Markets. Overall these countries account for 7% of Global GDP and 10% of global GDP growth in the past 10 years (2012-2022).

The Frontier Markets are home to over 1.1 billion people with an average life expectancy of 70 years and a current median age of 28 against a global average of 30.



Economics



Frontier Market
Countries		 Revised GDP PPP
Int$, Billions		 CAGR
10 Year
Rate
%, 2012-2022		 Share of
Global
GDP
%		 Share of Global GDP Growth
%, 2012-2022		 Revised GDP Per Capita
Int$		 Government Debt to Revised GDP
%







Bahrain 100.8 2.4% 0.1% 0.0% 56,524 88.4%
Bangladesh 1,494.7 9.1% 0.9% 1.9% 8,903 26.9%
Benin 67.6 5.4% 0.0% 0.1% 5,284 36.8%
Burkina Faso 74.9 5.0% 0.0% 0.1% 3,389 39.7%
Cote d'Ivoire 241.4 6.8% 0.1% 0.3% 8,702 35.6%
Croatia 166.0 2.4% 0.1% 0.1% 40,886 56.1%
Estonia 62.9 2.9% 0.0% 0.0% 47,548 14.9%
Guinea-Bissau 6.0 3.3% 0.0% 0.0% 2,888 53.9%
Iceland 24.0 3.1% 0.0% 0.0% 69,371 59.9%
Jordan 131.8 2.1% 0.1% 0.1% 12,795 72.2%
Kazakhstan 668.8 2.9% 0.4% 0.4% 34,825 17.6%
Kenya 387.6 5.4% 0.2% 0.4% 6,895 47.2%
Lithuania 134.7 3.1% 0.1% 0.1% 50,605 34.7%
Mali 89.7 4.0% 0.1% 0.1% 4,179 29.7%
Mauritius 32.7 1.8% 0.0% 0.0% 25,655 75.5%
Morocco 417.5 4.4% 0.2% 0.3% 11,054 51.5%
Niger 49.0 5.2% 0.0% 0.0% 1,880 37.3%
Nigeria 2,017.9 2.3% 1.2% 0.9% 9,310 20.0%
Oman 201.7 3.4% 0.1% 0.1% 37,890 36.1%
Pakistan 1,856.2 5.6% 1.1% 1.7% 8,088 53.8%
Romania 763.7 3.8% 0.4% 0.5% 40,127 40.1%
Senegal 96.9 5.2% 0.1% 0.1% 5,488 49.3%
Serbia 198.5 2.7% 0.1% 0.1% 22,941 38.4%
Slovenia 110.2 2.8% 0.1% 0.1% 53,042 56.2%
Sri Lanka 368.0 1.7% 0.2% 0.1% 17,054 92.2%
Togo 27.8 5.0% 0.0% 0.0% 3,204 45.9%
Tunisia 166.7 1.5% 0.1% 0.1% 13,834 68.0%
Vietnam 1,535.2 8.6% 0.9% 1.9% 15,514 29.0%

Frontier Markets
Totals / Averages:		 11,492.9 N/A 6.7% 9.5% 22,067* 46.7%*


World Economics revised GDP data removes serious errors in GDP measurement.
Revised GDP data can be used to analyse and compare country investment potential, but other hidden faults may still be present in source GDP data. Learn more...


Notes:
  • GDP data includes estimates for the Informal Economy, and updated Base Years, to improve the often imperfect quality of Frontier Markets data.
  • Debt-to-GDP ratio is total gross government debt as a proportion of revised GDP.
  • Data with an astrix (*) represents an average for all countries.
  • Offical GDP data quality is often poor in Frontier Market countries. See data quality for individual countries.







Demography



Frontier Market
Countries 		Population
Data Quality
Grade		 Total
Population
Millions		 Life Expectancy
Years		 Median
Age
Years		 Statistical Capacity
0-100 Index		 Age Dependency
Total






Bahrain C 1.8 79 32.7 100.0 68.7
Bangladesh E 167.9 72 26.3 60.0 52.3
Benin D 12.8 60 17.5 62.2 16.0
Burkina Faso C 22.1 59 16.6 67.8 12.6
Cote d'Ivoire D 27.7 59 17.6 71.1 20.8
Croatia C 4.1 78 43.7 86.7 43.5
Estonia D 1.3 77 41.5 40.0 41.7
Guinea-Bissau E 2.1 60 18.3 48.9 23.4
Iceland B 0.3 83 35.9 100.0 49.5
Jordan C 10.3 74 23.4 77.8 42.9
Kazakhstan A 19.2 69 29.5 78.9 40.0
Kenya D 56.2 61 19.2 57.8 29.8
Lithuania C 2.7 74 43.7 43.3 44.3
Mali C 21.5 59 15.1 60.0 0.7
Mauritius A 1.3 74 36.8 85.6 59.3
Morocco C 37.8 74 28.7 66.7 47.8
Niger E 26.1 62 14.5 68.9 -5.4
Nigeria E 216.7 53 17.0 53.3 13.9
Oman A 5.3 73 28.8 100.0 58.0
Pakistan D 229.5 66 20.2 72.2 30.0
Romania C 19.0 79 41.9 84.4 46.3
Senegal D 17.7 77 17.8 66.7 18.5
Serbia C 8.7 67 42.9 88.9 46.2
Slovenia A 2.1 75 43.2 100.0 44.5
Sri Lanka C 21.6 83 32.5 80.0 47.6
Togo D 8.7 62 18.7 67.8 23.5
Tunisia C 12.0 74 31.7 58.9 49.1
Vietnam B 99.0 74 32.0 74.4 54.4

Frontier Markets
Totals / Averages:		 N/A 1,055.3 70* 28.1* 72.2* 36.4*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Statistical Capacity Index numbers shown on a scale of 0-100.
    0 = Low level of resources, 100 = High level of resources.


Key:
Data Quality Grade definitions:
         A: As good as it gets;
         B: Use with caution;
         C: Unreliable for many purposes
         D: Extremely poor quality.








Environmental, Social and Governance



Frontier Market
Countries: 		Carbon Emissions
Total MTCo2e		 Methane Emissions
Total MTCo2e		 Population in Poverty
% of Pop		 Years of Schooling
Years		 Rule
of Law
0-100 Index		 Corruption Levels
0-100 Index






Bahrain 39.0 18.5 0% 11 59.6 44
Bangladesh 93.2 94.8 14% 7 32.1 25
Benin 7.8 4.1 19% 4 32.5 43
Burkina Faso 5.7 16.8 34% 2 36.5 42
Cote d'Ivoire 11.7 7.6 9% 5 31.5 37
Croatia 17.7 3.7 0% 12 55.3 50
Estonia 10.4 1.1 0% 14 84.0 74
Guinea-Bissau 0.4 1.4 25% 4 11.0 21
Iceland 3.4 0.5 0% 14 92.3 74
Jordan 25.6 6.8 0% 10 53.0 47
Kazakhstan 276.7 50.1 0% 12 35.2 36
Kenya 19.9 38.5 37% 7 37.7 32
Lithuania 13.9 2.9 0% 14 75.9 62
Mali 4.2 24.4 16% 2 24.7 28
Mauritius 4.5 2.0 0% 10 69.9 50
Morocco 70.6 12.3 1% 6 41.2 38
Niger 2.7 29.4 41% 2 37.3 32
Nigeria 137.0 143.8 39% 7 25.9 24
Oman 81.0 21.3 0% 12 58.0 44
Pakistan 229.5 168.9 4% 5 31.4 27
Romania 79.3 16.6 0% 10 58.0 46
Senegal 13.6 11.9 8% 11 38.4 43
Serbia 30.9 14.4 2% 3 45.3 36
Slovenia 12.6 1.7 0% 13 73.8 56
Sri Lanka 20.8 8.2 1% 11 48.6 36
Togo 2.3 3.0 24% 5 33.4 30
Tunisia 31.6 7.0 0% 7 50.1 40
Vietnam 326.0 82.5 2% 8 43.9 42

Frontier Markets
Totals/Averages:		 1,571.8 794.2 N/A 8* 47.0* 41*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Index numbers shown on a scale of 0-100.
    Rule of Law: 0 = low rule of law, 100 = High rule of law.
    Corruption Perceptions Index: 0 = High levels of corruption, 100 = Low levels of corruption.
  • Total Carbon and Methane data expressed in MTCo2e (Million Metric Tons of CO2 equivalent)
  • Data with an astrix (*) represents an average for all countries.



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