List of Countries by GDP Growth

Source International Monetary Fund World Economic Outlook (October-2018)
Date24 Jan 2019

The Real GDP Growth rate is the rate of growth of the value of all final goods and services produced within a economy in a given year. Due to inflation, GDP increases and does not actually reflect the true growth in an economy. The GDP is adjusted for price changes to get the growth of the real GDP.

The world's top 5 fastest growing economies in 2017 are : Libya, Ethiopia, Macao SAR, Ghana and Guinea. 14 countries have been estimated to grown over 7 % in 2017 where as 14 has growth between 6-7 %. 19 have negative growth rate as top 5 lowest are Venezuela, Yemen, South Sudan, Dominica and Timor-Leste.

Nauru has highest average growth rate of 17.58% in past 5 year. Oceanian country is alone which has grown over 10 per cent in this period. Ethiopia is 2nd fastest followed by Ireland, Côte d'Ivoire having avg growth over 8%. Emerging economies India and China are at 9th and 10th position, respectively.

Among top 10 fastest growing nations, 6 are located in Asia continent, 2 in Africa and one each in Europe and Oceania. Asian and African economies have better figures than others as 45 (23-Africa, 22-Asia) have growth over 4% out of total 99 (55-Africa, 44-Asia). Out of rest 94 economies, only 15 have crossed 4% mark. 16 economies have shown negative growth rate between 2013 to 2017. Libya is at bottom in this list. Other notable economies having negative number are : Venezuela, Ukraine, Brunei Darussalam, Macao SAR, Greece and Kuwait.

Generally countries having higher Per capita income has lower growth rate (depicted in the chart). Out of 60 economies that have expanded over 4 % in last 5 year, only 4 are in list of top 50 richest economies, they are : Ireland, Malta, St. Kitts and Nevis, and Iceland. This is the reason why Asian and African economies have better growth rate than rest of the world.

Advertisement

avg gdp growth rate map
avg gdp growth rate map thumbnail
Countries by GDP Growth Rate
gdp per capita vs gdp growth rate
gdp per capita vs gdp growth rate thumbnail
GDP per Capita vs Growth
International Monetary Fund (IMF)
Country/Economy GDP Growth(%)GDP (billions of $)GDP per capita ($)Continent
2017Rank2013-2017Rank 2017Rank2017Rank
Somalia2.3001302.4981177.052148--Africa
Afghanistan2.6651152.83910520.24113570183Asia
Albania3.841762.43812213.071264,545106Europe
Algeria1.4001592.98097167.6554,034116Africa
Angola-2.5001821.128164126.5594,466109Africa
Antigua and Barbuda2.7521123.434801.52417416,70251North America
Argentina2.8541080.731170637.62114,46359South America
Armenia7.47983.5807111.541333,857120Europe
Aruba1.2391631.1471632.70016624,37136Africa
Australia2.2221332.4201241,3801355,69311Oceania
Austria3.0181021.283157417.42847,34715Europe
Azerbaijan0.0681721.22815940.67904,141111Europe
Bahrain3.753793.9696135.339724,32637Asia
Bangladesh7.396106.75815261.5431,603151Asia
Barbados-0.1681750.5551724.99015117,75845North America
Belarus2.422125-0.25718054.44795,72794Europe
Belgium1.7301481.212161493.72543,48820Europe
Belize0.7551681.7591461.8541704,806103North America
Benin5.606315.044439.246140831169Africa
Bhutan7.382115.683282.4051672,991130Asia
Bolivia4.195625.1153937.78963,413125South America
Bosnia and Herzegovina2.9691052.55211518.171155,181101Europe
Botswana2.3601274.0945917.381177,58581Africa
Brazil0.975165-0.5041822,05589,89671South America
Brunei Darussalam1.329161-1.23518612.1313228,27832Asia
Bulgaria3.562862.66211256.94778,07778Europe
Burkina Faso6.424265.2713612.57129655181Africa
Burundi0.0011741.0881653.396161312191Africa
Cabo Verde4.013662.2281311.7761713,301126Africa
Cambodia6.851187.0681122.091101,379156Asia
Cameroon3.549875.0274434.99981,441155Africa
Canada3.047992.1591351,6531045,09518North America
Central African Republic4.32958-4.4001891.937169389189Africa
Chad-3.1431850.9681679.872138810171Africa
Chile1.4711562.176133277.04215,06857South America
China6.856177.1151012,01528,64376Asia
Colombia1.7891463.20190314.5386,38089South America
Comoros2.7081132.2731270.652184788175Africa
Costa Rica3.280953.3888458.277611,72965North America
Croatia2.7641101.62414954.767813,27162Europe
Cyprus3.874740.38317321.7011125,38035Europe
Czech Republic4.286592.855102215.84820,40242Europe
Côte d'Ivoire7.80178.610440.47911,621150Africa
Democratic Republic of the Congo3.414906.1362141.4488478185Africa
Denmark2.2771321.680147325.63656,63110Europe
Djibouti6.700216.140202.0291681,989144Africa
Dominica-4.684190-0.1491780.5571857,87979North America
Dominican Republic4.552546.1421976.09697,47882North America
Ecuador2.3681261.995140104.3636,21790South America
Egypt4.181633.82463236.5452,495136Africa
El Salvador2.3231292.32712624.811063,895118North America
Equatorial Guinea-3.220186-4.92519012.4913014,81858Africa
Eritrea5.012403.393835.813150980166Africa
Estonia4.854462.68411025.9710319,73543Europe
Eswatini1.6081512.3441254.4171573,851121Africa
Ethiopia10.86129.892280.8767873167Africa
FYR Macedonia0.0201732.66811111.371355,47498Europe
Fiji3.0231013.573734.8911535,52897Oceania
Finland2.7971090.804168252.84445,92717Europe
France2.3351281.2131602,588739,93323Europe
Gabon0.4511713.2738814.931217,37383Africa
Georgia4.984423.7456415.161204,086113Europe
Germany2.4561241.7761453,701444,76919Europe
Ghana8.43945.4593247.02861,663149Africa
Greece1.351160-0.337181200.75318,63744Europe
Grenada5.077374.979451.11917910,40570North America
Guatemala2.7601113.5737275.62704,469108North America
Guinea8.24656.0322310.25137790174Africa
Guinea-Bissau5.919294.507511.350177794173Africa
Guyana2.1411353.494773.5611594,578105South America
Haiti1.1731642.1761348.608143784176North America
Honduras4.785493.6456722.981082,766132North America
Hong Kong SAR3.791782.841104341.43446,08016Asia
Hungary3.989693.17992139.25814,20960Europe
Iceland3.989684.4055324.4810770,2485Europe
India6.681247.14992,60261,976145Asia
Indonesia5.068395.108401,015163,876119Asia
Iraq-2.0571804.38255192.4544,950102Asia
Ireland7.206129.4433331.53568,7116Europe
Islamic Republic of Iran3.732833.51176430.7275,29099Asia
Israel3.287943.51275350.73240,27322Asia
Italy1.5021540.3401741,939931,99728Europe
Jamaica0.6581700.75916914.771225,193100North America
Japan1.7351471.2851564,873338,44925Asia
Jordan1.9701402.45812040.13924,136112Asia
Kazakhstan3.979703.31287159.4578,76275Asia
Kenya4.885435.5423179.22681,695148Africa
Kiribati3.103973.642680.1971911,722147Oceania
Korea3.063983.004961,5401229,93830Asia
Kosovo3.737803.313867.0941473,944117Europe
Kuwait-3.338187-0.232179120.76027,39433Asia
Kyrgyz Republic4.584525.547307.5651451,208161Asia
Lao P.D.R.6.890167.364716.971182,541135Asia
Latvia4.549552.80410630.3310115,55055Europe
Lebanon1.5001551.62115054.188012,01364Asia
Lesotho-1.5621791.8241432.7491651,361157Africa
Liberia2.4691202.0751383.285162694180Africa
Libya64.0141-9.24919330.571004,740104Africa
Lithuania3.865753.0569447.268516,73150Europe
Luxembourg2.2971313.5347462.5373105,8631Europe
Macao SAR9.0963-0.67218450.368277,1113Asia
Madagascar4.171643.4088111.50134449186Africa
Malawi4.000674.024606.240149326190Africa
Malaysia5.897305.18338312.4409,75572Asia
Maldives4.834485.246374.50515612,52763Asia
Mali5.429325.3493515.37119813170Africa
Malta6.683236.8351212.5812827,32734Europe
Marshall Islands2.4681211.3991540.2221904,040115Oceania
Mauritania3.461893.463784.9351521,271160Africa
Mauritius3.809773.6616513.3312410,50469Africa
Mexico2.0411382.4771191,151159,31974North America
Micronesia2.0151390.6641710.3281883,203127Oceania
Moldova4.525564.525499.5561392,694133Europe
Mongolia5.073385.6312911.141363,640123Asia
Montenegro4.275603.189914.7841547,67880Europe
Morocco4.116653.39982109.3623,137128Africa
Mozambique3.737815.7362712.59127426188Africa
Myanmar6.842197.229867.28721,278159Asia
Namibia-0.7701763.6017013.241255,58996Africa
Nauru3.9607117.58210.1141928,57577Oceania
Nepal7.90664.3875424.88105848168Asia
Netherlands2.8691071.663148832.21848,55513Europe
New Zealand3.0451003.34185201.45241,57221Oceania
Nicaragua4.861454.8004613.811232,221140North America
Niger4.883445.366348.224144438187Africa
Nigeria0.8061662.709109376.4311,995143Africa
Norway1.9191421.600151398.82975,3894Europe
Oman-0.9281783.0479570.787117,12848Asia
Pakistan5.373334.34656305.0411,546152Asia
Palau-3.7141881.5101520.29218915,98053Oceania
Panama5.357345.7592561.847415,08956North America
Papua New Guinea2.5461175.7382619.821142,402137Oceania
Paraguay4.755505.0854138.94945,60095South America
Peru2.4651233.61069214.2496,73286South America
Philippines6.685226.56717313.6392,989131Asia
Poland4.650513.22889524.82413,82161Europe
Portugal2.6801141.177162218.04721,15940Europe
Puerto Rico-2.379181-1.250187104.26431,58129North America
Qatar1.5801523.15293166.95661,0257Asia
Republic of Congo-3.1051841.3601558.7181422,005142Africa
Romania6.947154.51750211.95010,78667Europe
Russia1.5461530.2691751,5781110,95666Europe
Rwanda6.104276.651169.136141772177Africa
Samoa2.4681222.1031370.8411824,258110Oceania
San Marino1.8591450.1131761.64317347,59514Europe
Saudi Arabia-0.8571772.254130686.71921,09641Asia
Senegal7.154135.8372421.111121,331158Africa
Serbia1.8671441.23315841.43895,90192Europe
Seychelles5.285365.050421.49817515,85954Africa
Sierra Leone3.673842.9511003.612158488184Africa
Singapore3.619853.45079323.93757,7139Asia
Slovak Republic3.400912.9639895.966517,65546Europe
Slovenia5.001412.45112148.878323,65439Europe
Solomon Islands3.534882.960991.2981782,115141Oceania
South Africa1.3171621.499153349.3336,18091Africa
South Sudan-5.1501912.5981143.060163243192Africa
Spain2.9791031.8941411,3141428,35931Europe
Sri Lanka3.309934.2295887.35664,073114Asia
St. Kitts and Nevis2.0751374.746470.96418017,39747North America
St. Lucia2.9741041.8531421.6861729,60773North America
St. Vincent and the Grenadines0.6871691.0181660.7851837,12484North America
Sudan1.4151582.84510345.82871,123163Africa
Suriname1.900143-0.5311833.4191605,87093South America
Sweden2.1141362.619113535.62352,92512Europe
Switzerland1.6661491.777144679.02080,6372Europe
São Tomé and Príncipe3.875734.648480.3931871,847146Africa
Taiwan Province of China2.8941062.267128572.62224,29238Asia
Tajikistan7.100146.820147.144146801172Asia
Tanzania6.000286.8271351.76811,034165Africa
Thailand3.903722.775107455.4266,59188Asia
The Bahamas1.4371570.04717712.1613132,66127North America
The Gambia4.558532.9391011.482176705179Africa
Timor-Leste-4.6001892.2621292.7751642,237139Asia
Togo4.400575.455334.767155611182Africa
Tonga2.4891192.4981180.4551864,521107Oceania
Trinidad and Tobago-2.597183-1.08918522.7810916,63852North America
Tunisia1.9551412.01313939.96933,465124Africa
Turkey7.44196.07422851.51710,53768Asia
Turkmenistan6.470257.926537.93956,64387Asia
Tuvalu3.242964.269570.0401933,689122Oceania
Uganda4.845474.4235226.62102707178Africa
Ukraine2.525118-2.277188112.1612,656134Europe
United Arab Emirates0.8001673.66166382.63037,73326Asia
United Kingdom1.6561502.1581362,628539,80024Europe
United States2.2171342.19213219,485159,7928North America
Uruguay2.6571162.51911659.187516,94249South America
Uzbekistan5.300357.400648.83841,520153Asia
Vanuatu4.200612.4211230.8701813,094129Oceania
Venezuela-14.000193-7.846192210.1516,89085South America
Vietnam6.812206.22218220.4462,353138Asia
Yemen-5.942192-6.32119131.27991,043164Asia
Zambia3.396923.9666225.711041,491154Africa
Zimbabwe3.737822.77210817.641161,185162Africa
Syria Asia
World 3.738 3.506 80,051 10,849