Eight African countries are among an emerging markets vanguard which is literally flipping the established economic order, according to a report in BRW.

India and China are forecast to have cumulative gross domestic product growth of 84.3 percent and 80.6 percent respectively over the next 10 years. But they are in the slow lane compared to 15 other markets identified by Business Monitor International, the report said.

Business Monitor International provides macroeconomic and risk data for 195 countries, and the list “is not for the faint-hearted,” the report said. It’s dominated by countries with turbulent recent histories.

These  include the following, with forecast cumulative real GDP growth to 2022, and its forecast GDP per capita in 2022:

1. Mozambique (158.8 percent; $1,840)

2. Tanzania (120.2 percent; $1,197)

3. Iraq (114.6 percent; $20,974)

4. Mongolia (114.5 percent; $11,895)

5. Uganda (113.2 percent; $2,408)

6. Cote D’Ivoire (112.5 percent; $3,099)

7. Rwanda (100.5 percent; $1,532)

8. Myanmar (99.6 percent; $5,567)

9. Turkmenistan (98.7 percent; $18,095)

10. Nigeria (98.2 percent; $5,695)

11. Zambia (96.4 percent; $3,683)

12. Sri Lanka (92.5 percent; $9593)

13. Cambodia (90.4 percent; $2,426)

14. Vietnam (89.8 percent; $4,786)

15. Ghana (85.6 percent; $4,070)

India ranks No. 16 on the list (84.3 percent; $3,339) while China lags behind, but is growing off a higher economic base (80.6 percent; $13,260).

To keep things in perspective, however, BMI says that by 2022, these top 15 fast-growing economies will still hold only 3 percent of global GDP. However they are part of an emerging markets vanguard which is literally flipping the established economic order.

Developed markets are forecast to hold 54.9 percent of the world’s GDP in 2014. However by 2022, the scenario will have flipped. Emerging markets led by China and India are forecast to hold 54.6 percent, leaving the so-called “developed” markets as the minority player with 45.4 percent of the action.