A tiger economy is the economy of a country which undergoes rapid economic growth, usually accompanied by an increase in the standard of living. The term was originally used for the Four Asian Tigers (South Korea, Taiwan, Hong Kong, and Singapore) as tigers are important in Asian symbolism, which also inspired the Tiger Cub Economies (Indonesia, Malaysia, Thailand, Vietnam and the Philippines). The Asian Tigers also inspired other economies later on; the Anatolian Tigers (certain Turkish cities) in the 1980s, the Gulf Tiger (Dubai) in the 1990s, the Celtic Tiger (Republic of Ireland) in 1995-2000, the Caucasian Tiger (Armenia) and the Baltic tigers (Baltic states) in 2000-2007, and the Tatra Tiger (Slovakia) in 2002-2007.
For emerging economies in Africa, the term lion economy is used as an analogy. Countries considered to be "lion economies" are Nigeria, South Africa, Morocco, Algeria, Botswana, Egypt, Mauritius and Tunisia
The term 'wolf economy' is used to describe Mongolia's rapidly growing economy.
- A definition of Tiger Economy is provided by the Macmillan Online Dictionary, available here
- Mitra et al. (2007). The Caucasian Tiger: Sustaining Economic Growth in Armenia. The World Bank.
- See this essay by Michal Hvorecký for an example of the term applied to Slovakia - The End of the Economic Miracle