Why does Iraq have the fastest growing economy in the world?

star_gazer

Consider they are going from almost nothing after the US invaded to a position of having Billions of US dollars pumped into their financial state. Dec 30 06, 8:28 PM

zbeckabee

Actually, I believe that honor is held by China. Dec 30 06, 8:37 PM

What-A-Mess

As of sometime in 2006....... Equatorial Guinea China Ireland Vietnam Sudan Maldives Chile Guyana Myanmar South Korea http://www.mapsofworld.com/world-top-ten/world-top-ten-fastest-growing-economies-map.html http://www.mapsofworld.com/world-top-ten/world-top-ten-fastest-growing-economies-map.html Dec 31 06, 2:17 AM

What-A-Mess

An economy is based upon MANY different factors. Income does not create an economy. Production and trade, which Iraq has zero $ of, are the main indicators. Dec 31 06, 2:19 AM

anup_daware

Well, the Indian economy is the second fastest growing major economy in the world :) http://en.wikipedia.org/wiki/Economy_of_India Little out of the scope of this topic ;) Feb 09 07, 12:08 AM

Baloo55th

As What-a-Mess says, if you've got NO economy to start with, anything is an increase. If last year you sold one widget, and this year you sell two, that's 100% increase. Isn't that a better growth rate than selling 50 last year and 75 this year, which gives you only 50% growth? Always be careful with statistics, especially where politicians, economists and religions are involved. Feb 09 07, 3:40 AM