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Analysis of Key Sectors of - œMINT -  Countries: Agriculture, Banking & Finance, Dairy, Meat, E-Commerce, FMCG, Healthcare, ICT, Manufacturing, Mining, Trade & Logistics, Tourism and Water & Sanitation Along With Production and Consumption Data (2020 - 2025)

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MINT term was used for free and developing economies of Mexico, Indonesia, Nigeria and Turkey. All the countries maintained their economic growth, fueled by exports and rapid industrialization. Hong Kong and Singapore are among the biggest export and financial sectors whereas South Korea and Taiwan are among the biggest manufacturing sectors in the world mostly constitute of the production of automobile/electronic components and information technology.

If MINT was a country, they will be world’s 8th largest economy as well as 15th most populous country in the world. MINT has moderate GDP growth nearly equal to World GDP growth, with an average growth of 2.54% year-on-year. GDP in Four Asian Tiger countries varies from US$ 274 billion of Bhutan to US$ 1.3 trillion of South Korea, which has disputes with its only neighbour North Korea.

In 2015, Taiwan is the most growing economy among the MINT. All the countries are growing above 2% YoY. All these four countries have current account surplus. Most of the reserves and expenditure of the country is going towards re-flourishing the country with basic needs.

Mexico:

Mexico has free trade agreements with the many countries, including the United States, where 70% of Mexico’s exports go to. However, the scenario on that front looks grim too, as the peso declined by about 13% in 2014, imports become expensive, and the prices of oil declined globally. As an export oriented economy, Mexico’s largest exports are crude petroleum (10th largest in the world), cars, delivery trucks, computers and video displays. Its major imports are broadcasting accessories, computers, cars and telephones. It is also the largest silver producer in the world.

Mexico has much to wish for, with the current account ratio running in deficit of 2.1% of the GDP.

However, the outlook isn’t as grim as all that. Fresh investments made in several sectors by Carlos Slim, the second richest man in the world strengthens confidence in investment in the country. Mid-term elections in June encourage investors further.

Indonesia:

Indonesia’s major business partner are Asian Countries in 2014, which constitutes to 71% in Import and 75% in Exports. China, Japan and Singapore are the biggest trade markets for Indonesia. Manufacturing and Mining provides the backbone to the economy and became the major source of employment in the country. Although, Agriculture provides the main livelihood to most of the population in the country.

Indonesia is home of 249.86 million people in 2014 and is expected to reach 271 million till 2020, with the majority being between 20-35 years old and living in urban areas. High population growth is due to high birth rate, better living conditions and improved healthcare.

Nigeria:

WHETHER one accepts it or not, Nigeria’s ascension to becoming Africa’s largest economy is well on its way. A part of it can be explained by the rebasing effect: rebasing will result in Nigeria being regarded as Africa’s biggest economy. However, this new position will not alleviate the estimated 100-million people in Nigeria surviving on less than $1 a day. At present, there is little correlation between the high growth in economy and the living conditions of nearly 100 million people in Nigeria surviving on less than $1 a day. Nigeria’s GDP per capita of $3,005 compares very poorly to that of South Africa’s $6,886, despite South Africa’s economy value being lower than that of Nigeria.

This phenomenon can be explained by Nigeria’s perilous over-dependence on a single commodity: oil. Oil accounts for almost 80% of the Nigerian government’s revenue at present. Nigeria is the Twelfth (12) biggest exporter of Oil in the world and founder member of OPEC. Production of Crude Oil is stable and consistent. Production reached 2,322 thousand barrels per day in 2013 from 2,211 thousand barrels per day in 2009, increased with a CAGR of 0.98%.

Turkey:

Most western markets were brought to their knees from the global financial fiasco of 2008. Today, majority of them struggle to regain their fiscal and financial balance, Turkey has emerged among the few economies which succeeded in economic reforming. Being the 17th largest economy of the world by GDP, and the 15th largest by purchasing power parity, Turkey is the only country (except China) to have managed impressive growth rates above 8% in 2010 and 2011. Turkey has fulfilled 2 of EU Maastricht criteria in the past for public debt and fiscal balance (currently at a deficit of 1.30%). The Turkish Lira fluctuates frequently, but reached record lows in May 2015.

Drivers

Key factors in the growth of MINT nations are high GDP, moderate population, young & skilled workforce, moderate purchasing power parity, availability of resources, advanced technology, high import and export trade, Strong Banking and Financial system and strong fundamentals helped MINT countries to grow after 2008-09 recession.

Challenges

MINT Countries market is effected by Loss of political legitimacy, Digitization and media liberalization, Cronyism & concentration of wealth, low agriculture production high crime and corruption.

What the report contains

The study elucidates the situation of MINT, and predicts the growth of the countries. Report talks about Agriculture, Banking & Finance, Dairy, Meat, E-Commerce, FMCG, Healthcare, ICT, Manufacturing, Mining, Trade & Logistics, Tourism and Water & Sanitation Market with production, consumption, import & export data, government regulations, growth forecast, major companies, upcoming companies & projects, etc. The study clarifies that, currently, the MINT growth is moderate and will be above world average by 2020, which is expected to grow at an average GDP growth rate of 3.5% from 2014 to 2020. Lastly, the report is divided by major import & export and importing and exporting partners.

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