Vietnam and seven ASEAN countries among world’s outperforming emerging economies

McKinsey found 18 of 71 major emerging economies that the report analysed had exceptional GDP per capita growth performance over the past 50 and 20 years, and were classified as “out-performers”.

The report, titled “Out-performers: High-growth emerging economies and the companies that propel them”, identifies the emerging economies which have achieved a track record of stronger and more consistent growth than their peers and examines key factors determining their out-performance.

Vietnam is listed among the 11 economies that grew at a fast pace for a shorter period, 5% annually in the 20 years from 1996 - 2016. They are Azerbaijan, Belarus, Cambodia, Ethiopia, India, Kazakhstan, Laos, Myanmar, Turkmenistan, Uzbekistan and Vietnam.

Seven achieved more than 3.5% per capita GDP growth over 50 years, between 1965 and 2016. They included China, Indonesia, Malaysia, Singapore, the Republic of Korea and Thailand.

The McKinsey Global Institute (MGI) is the business and economics research arm of McKinsey & Company. It was established in 1990 to develop a deeper understanding of the evolving global economy.

The Lauder Institute at the University of Pennsylvania ranked MGI the Number 1 private sector think tank in the world in its 2017 Global Go To Think Tank Index./.