Homepage > Regions > Frontier Markets

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 6% of Global GDP and 8% of global GDP growth in the past 10 years (2011-2021).

The Frontier Markets are home to over 1.0 billion people with an average life expectancy of 71 years and a current median age of 29 against a global average of 31.



Economics




Frontier Market
Countries
Revised GDP PPP
Int$, Billions
CAGR
10 Year
Rate
%, 2011-2021
Share of
Global
GDP
%
Share of Global GDP Growth
%, 2011-2021
Revised GDP Per Capita
Int$
Government Debt to Revised GDP
%







Bahrain 96.5 2.5% 0.1% 0.0% 55,177 96.1%
Bangladesh 1,160.3 6.4% 0.7% 1.2% 6,977 30.1%
Benin 63.9 5.3% 0.0% 0.1% 5,133 34.0%
Burkina Faso 89.6 5.3% 0.1% 0.1% 4,170 27.2%
Cote d'Ivoire 225.3 7.3% 0.1% 0.3% 8,329 33.2%
Croatia 156.7 1.6% 0.1% 0.1% 38,397 62.5%
Estonia 62.2 3.1% 0.0% 0.0% 46,960 14.7%
Guinea-Bissau 6.6 2.8% 0.0% 0.0% 3,254 46.4%
Iceland 22.8 2.7% 0.0% 0.0% 66,416 65.9%
Jordan 127.2 2.1% 0.1% 0.1% 12,385 73.8%
Kazakhstan 652.5 3.1% 0.4% 0.4% 34,352 19.7%
Kenya 404.0 5.4% 0.2% 0.4% 7,347 42.2%
Lithuania 132.3 3.3% 0.1% 0.1% 49,200 35.4%
Mali 86.4 3.7% 0.1% 0.1% 4,142 28.0%
Mauritius 30.8 1.6% 0.0% 0.0% 24,193 83.7%
Morocco 369.9 2.6% 0.2% 0.2% 9,904 57.9%
Niger 51.7 5.6% 0.0% 0.1% 2,057 30.7%
Nigeria 1,934.0 2.5% 1.2% 1.0% 9,148 20.1%
Oman 209.4 3.9% 0.1% 0.2% 40,094 47.9%
Pakistan 1,522.9 4.0% 0.9% 1.1% 6,762 51.7%
Romania 728.7 3.5% 0.4% 0.5% 38,096 41.5%
Senegal 91.1 5.3% 0.1% 0.1% 5,297 49.0%
Serbia 189.8 2.3% 0.1% 0.1% 21,817 40.7%
Slovenia 104.3 2.0% 0.1% 0.0% 50,163 60.3%
Sri Lanka 420.0 3.6% 0.3% 0.3% 19,539 72.6%
Togo 33.0 8.2% 0.0% 0.0% 3,892 35.5%
Tunisia 163.1 1.7% 0.1% 0.1% 13,662 62.9%
Vietnam 1,121.7 5.6% 0.7% 1.1% 11,426 29.3%

Frontier Markets
Totals / Averages:
10,256.6 N/A 6.2% 7.7% 21,367* 46.2%*


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 B 1.7 77 32.5 100.0 73.5
Bangladesh D 166.3 73 27.6 60.0 53.0
Benin C 12.5 62 18.8 62.2 17.4
Burkina Faso C 21.5 62 17.6 67.8 12.1
Cote d'Ivoire C 27.1 58 18.9 71.1 20.2
Croatia B 4.1 78 44.3 86.7 44.3
Estonia C 1.3 79 42.4 40.0 41.6
Guinea-Bissau D 2.0 58 18.8 48.9 18.8
Iceland A 0.3 83 37.5 100.0 46.0
Jordan B 10.3 75 23.8 77.8 41.8
Kazakhstan C 19.0 74 30.7 78.9 41.2
Kenya C 55.0 67 20.1 57.8 30.2
Lithuania C 2.7 76 45.1 43.3 43.5
Mali B 20.9 59 16.3 60.0 2.0
Mauritius B 1.3 75 37.5 85.6 58.5
Morocco B 37.3 77 29.5 66.7 47.6
Niger D 25.1 62 15.2 68.9 -9.5
Nigeria D 211.4 55 18.1 53.3 14.0
Oman A 5.2 78 30.6 100.0 66.7
Pakistan D 225.2 67 22.8 72.2 35.6
Romania B 19.1 76 43.2 84.4 46.7
Senegal C 17.2 68 18.5 66.7 15.8
Serbia B 8.7 76 41.6 88.9 47.5
Slovenia A 2.1 81 44.5 100.0 44.1
Sri Lanka B 21.5 77 34.0 80.0 46.3
Togo C 8.5 61 19.4 67.8 22.9
Tunisia C 11.9 77 32.8 58.9 50.4
Vietnam A 98.2 75 32.5 74.4 54.9

Frontier Markets
Totals / Averages:
N/A 1,037.4 71* 29.1* 72.2* 36.7*


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


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 34.4 14.9 <0.1% 10 60.8 42
Bangladesh 102.2 83.8 15% 6 34.5 26
Benin 8.0 5.6 50% 4 30.7 42
Burkina Faso 4.3 15.6 <0.1% 2 38.3 42
Cote d'Ivoire 12.9 6.6 28% 5 33.8 36
Croatia 17.9 3.8 <0.1% 11 55.9 47
Estonia 13.9 1.1 <0.1% 13 82.8 74
Guinea-Bissau 0.3 1.6 67% 4 - 21
Iceland 3.3 0.5 <0.1% 13 93.1 74
Jordan 26.1 6.3 0% 11 53.9 49
Kazakhstan 313.8 41.4 0% 12 38.9 37
Kenya 17.3 40.3 37% 7 34.9 30
Lithuania 13.5 3.2 <0.1% 13 73.2 61
Mali 3.4 23.3 50% 2 25.8 29
Mauritius 4.7 1.9 <0.1% 10 71.4 54
Morocco 71.9 17.7 1% 6 46.5 39
Niger 2.1 29.9 45% 2 35.1 31
Nigeria 140.0 127.9 54% 7 28.6 24
Oman 71.7 5.5 <0.1% 10 64.0 52
Pakistan 248.8 151.0 4% 5 31.6 28
Romania 75.1 23.8 <0.1% 11 57.8 45
Senegal 9.8 10.8 38% 3 41.8 43
Serbia 54.7 12.4 6% 11 44.1 38
Slovenia 13.7 2.0 <0.1% 13 75.0 57
Sri Lanka 24.8 10.0 1% 11 47.5 37
Togo 3.3 3.5 50% 5 32.3 30
Tunisia 31.0 6.4 0% 7 52.0 44
Vietnam 247.7 88.0 2% 8 45.3 39

Frontier Markets
Totals/Averages:
1,570.6 738.4 N/A 8* 49.2* 42*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Index numbers shown on a scale of 0-100.
    Rule of Law: 100 = High rule of law, 0 = low rule of law.
    Corruption Perceptions Index: 100 = Low levels of corruption, 0 = High 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.



Please read our Terms of Service and Disclaimer relating to data on this page.








ECONOMICS
DEMOGRAPHY
ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA