Are you thinking about expanding your business overseas? If so, it’s important to familiarize yourself with certain languages. Over time, business dynamics change, but it’s a good idea to consider where your potential clients are and where you can make the most impact.
For example, in some estimates, Mandarin Chinese has become the most common language spoken as both first and second languages. But, the number of people who speak a language isn’t the only factor to consider. Take Libya, where the official language is Arabic. Libya is considered to have one of the fastest-growing economies in recent years.
Below, we’ve listed four languages that can benefit your company’s expansion. The list isn’t comprehensive and they aren’t ranked in any specific order. Let’s dive in!
Somewhere in the ballpark of 1.3 billion people speak Mandarin Chinese. On top of being home to possibly the most common language, China has the second-highest gross domestic product (GDP), a fairly common economic indicator. With no signs of slowing down, international businesses should prepare to work with this market.
Most estimates still have English as the most commonly spoken language across the world. Pair that with the fact that two of the top five countries ranked by GDP are native English speaking, it’s fairly obvious this is a crucial language to know=. The U.S. is ranked number one in GDP with only China behind.
Parts of Africa and the Middle East are experiencing healthy growth in their economies. It’s estimated that somewhere near 300 million people speak Arabic and it’s the native language of more than 25 countries. Once you add up the GDP of these countries, it’s no wonder many businesses are pursuing expansion in the Middle East.
Spanish is one of the fastest-growing languages out there and has over 500 million speakers worldwide. Spain and Mexico are two countries that rank fairly high on the GDP list. Another cool thing about speaking Spanish is you can converse with someone who knows Portuguese, another language that’s very useful for international business.
If you plan to expand your business internationally, make sure an expert team takes care of your translating and localization services. Contact International Translating Company to learn more!