Russia: Since the turn of the century, rising oil prices, increased foreign investment, higher domestic consumption and greater political stability have bolstered economic growth in Russia.
In fact, this encouraging growth will result in sharp increase in investment in the country's manufacturing sector in recent future.
The country ended 2007 with its ninth straight year of growth, averaging 7 per cent annually since the financial crisis of 1998.
In 2007, Russia's GDP was $2.076 trillion.
Growth was mainly driven by non-traded services and goods for the domestic market, as opposed to oil or mineral extraction and exports.
Image: Russian President Dmitry Medvedev speaks after a State Award ceremony in Moscow's Kremlin on June 12, 2008. | Photograph: Vladimir Rodionov/AFP/Getty Images.
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