2) Botswana (GDP: $16 billion, Trade Balance: 8.9%)
Through fiscal discipline and sound management, Botswana transformed itself from one of the poorest nations in the world to a middle-income country with a GDP per capita of $16,400 in 2013. That is the reason why it earns the second place in this list. The nation’s GDP growth rate is 3.9 percent and trade balance is 8.9 percent.
1) South Africa (GDP:$354 billion,Trade Balance: -6.7%)
Around 48.4 million people live in South Africa. The GDP growth rate of this emerging market is approximately 2 percent. This middle income nation has a well-developed financial, legal, energy, communications and transport sectors. Inflation is 5.8 percent. South Africa’s trade balance is -6.7 percent.