15 countries that offer risky but high returns
![]() |
While markets like China and India are showing signs of slowdown, frontier markets continue to be an attractive destination for adventurous investors.
Before an economy is categorized as an "emerging market", it is usually considered a "frontier market". Frontier markets are often characterized by underdeveloped infrastructures, weak legal systems and illiquid capital markets.
As such, they are considered much riskier than most investment classes. However, they often offer extraordinary growth opportunities that eclipse those offered by the more developed EMs.
In a recent report, Citi's Andrew Howell identifies 15 "Frontier" markets that will provide big returns for investors for decades, according to Business Insider.
Click NEXT to read more...
Image: Frontier markets are considered much riskier than most investment classes.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Argentina
Long-term GDP growth rate: 4.1 per cent
GDP per capita: $10,675
GDP: $435.2 billion
Population: 40.8 million
Adult literacy rate: 98 per cent
Click NEXT to read more...
Image: A view of capital Buenos Aires.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Bangladesh
Long-term GDP growth rate: 7.5 per cent
GDP per capita: $764
GDP: $115.0 billion
Population: 150.5 million
Adult literacy rate: 56 per cent
Click NEXT to read more...
Image: Cresent Lake in Dhaka, Bangladesh.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Egypt
Long-term GDP growth rate: 6.3 per cent
GDP per capita: $2,810
GDP: $231.9 billion
Population: 82.5 million
Adult literacy rate: 66 per cent
Click NEXT to read more...
Image: A view of Cairo.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Ghana
Long-term GDP growth rate: N/A
GDP per capita: $1,546
GDP: $38.6 billion
Population: 25.0 million
Adult literacy rate: 67 per cent
Click NEXT to read more...
Image: Independence Arch in Accra, Ghana.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Iraq
Long-term GDP growth rate: 7.6 per cent
GDP per capita: $3,325
GDP: $108.6 billion
Population: 32.7 million
Adult literacy rate: 78 per cent
Click NEXT to read more...
Image: Baghdad International Airport.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Kazakhstan
Long-term GDP growth rate: 4.5 per cent
GDP per capita: $11,115
GDP: $180.1 billion
Population: 16.2 million
Adult literacy rate: 100 per cent
Click NEXT to read more...
Image: A view of capital Astana.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Kenya
Long-term GDP growth rate: N/A
GDP per capita: $868
GDP: $36.1 billion
Population: 41.6 million
Adult literacy rate: 87 per cent
Click NEXT to read more...
Image: A giraffe at Nairobi National Park.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Mongolia
Long-term GDP growth rate: 6.9 per cent
GDP per capita: $3,127
GDP: $8.8 billion
Population: 2.8 million
Adult literacy rate: 97 per cent
Click NEXT to read more...
Image: Sukhbaatar Square in Ulan Bator.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Nigeria
Long-term GDP growth rate: 8.4 per cent
GDP per capita: $1,521
GDP: $247.1 billion
Population: 162.5 million
Adult literacy rate: 61 per cent
Click NEXT to read more...
Image: A view of capital Abuja.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Pakistan
Long-term GDP growth rate: 4.9 per cent
GDP per capita: $1,155
GDP: $204.1 billion
Population: 176.7 million
Adult literacy rate: 56 per cent
Click NEXT to read more...
Image: A view of Lahore.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Romania
Long-term GDP growth rate: 3.5 per cent
GDP per capita: $8,645
GDP: $185.3 billion
Population: 21.4 million
Adult literacy rate: 98 per cent
Click NEXT to read more...
Image: A view of Bucharest.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Sri Lanka
Long-term GDP growth rate: 6.6 per cent
GDP per capita: $2,795
GDP: $58.8 billion
Population: 21.0 million
Adult literacy rate: 91 per cent
Click NEXT to read more...
Image: Colombo, Sri Lanka.
Photographs: Courtesy, Wikipedia Commons
15 countries that offer risky but high returns
![]() |
![]() |
Ukraine
Long-term GDP growth rate: 3.7 per cent
GDP per capita: $3,604
GDP: $162.9 billion
Population: 45.2 million
Adult literacy rate: 100 per cent
Click NEXT to read more...
Image: A view of Kiev.
Photographs: Courtesy, Wikipedia Commons

















article