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FreeBalance Customers on the Road to Economic Growth


August 12, 2013

FreeBalance Customers on the Road to Governance Success, Part 6

Carlos Lipari, FreeBalance Advisory Services

Economic growth is an outcome that indicates good goverance. By computing the simple average economic growth rate registered across FreeBalance clients/countries we find that countries where FreeBalance operate have been, on average, growing considerably faster than the World or most of the regions where they operate in. Once again, according to the latest IMF World Economic Outlook, the economic growth rate of the World in 2012 was 3.8% and the yearly average is expected to increase by 4.5% in 2018. FreeBalance clients grew on average more than 8.5% a year in 2012 and are expected to keep robust growth rates of 6 to 8% up to at least 2018.

(Data does not include South Sudan)

According to the IMF, this year more than 100 countries are expected to have yearly economic growth rates somewhere between 1 and 5%. Only 8 are expected to have a recession of more than 1% and just about 7 will grow more than 11%. FreeBalance economies are among the fastest growing economies on earth.


  1. Introduction to the Study
  2. Government Revenue
  3. Government Expenditures
  4. Government Gross Debt
  5. Country Investment
  6. Real Investment Growth Rates
  7. Government Effectiveness
  8. Interpretation
  9. Conclusions
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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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