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.

CodeCountry/Economy GDP Growth(%)GDP (billions of $)GDP per capita ($)Continent
2017Rank2013-2017Rank 2017Rank2017Rank
SOMSomalia2.3001302.4981177.052148--Africa
AFGAfghanistan2.6651152.83910520.24113570183Asia
ALBAlbania3.841762.43812213.071264,545106Europe
DZAAlgeria1.4001592.98097167.6554,034116Africa
AGOAngola-2.5001821.128164126.5594,466109Africa
ATGAntigua and Barbuda2.7521123.434801.52417416,70251North America
ARGArgentina2.8541080.731170637.62114,46359South America
ARMArmenia7.47983.5807111.541333,857120Europe
ABWAruba1.2391631.1471632.70016624,37136Africa
AUSAustralia2.2221332.4201241,3801355,69311Oceania
AUTAustria3.0181021.283157417.42847,34715Europe
AZEAzerbaijan0.0681721.22815940.67904,141111Europe
BHRBahrain3.753793.9696135.339724,32637Asia
BGDBangladesh7.396106.75815261.5431,603151Asia
BRBBarbados-0.1681750.5551724.99015117,75845North America
BLRBelarus2.422125-0.25718054.44795,72794Europe
BELBelgium1.7301481.212161493.72543,48820Europe
BLZBelize0.7551681.7591461.8541704,806103North America
BENBenin5.606315.044439.246140831169Africa
BTNBhutan7.382115.683282.4051672,991130Asia
BOLBolivia4.195625.1153937.78963,413125South America
BIHBosnia and Herzegovina2.9691052.55211518.171155,181101Europe
BWABotswana2.3601274.0945917.381177,58581Africa
BRABrazil0.975165-0.5041822,05589,89671South America
BRNBrunei Darussalam1.329161-1.23518612.1313228,27832Asia
BGRBulgaria3.562862.66211256.94778,07778Europe
BFABurkina Faso6.424265.2713612.57129655181Africa
BDIBurundi0.0011741.0881653.396161312191Africa
CPVCabo Verde4.013662.2281311.7761713,301126Africa
KHMCambodia6.851187.0681122.091101,379156Asia
CMRCameroon3.549875.0274434.99981,441155Africa
CANCanada3.047992.1591351,6531045,09518North America
CAFCentral African Republic4.32958-4.4001891.937169389189Africa
TCDChad-3.1431850.9681679.872138810171Africa
CHLChile1.4711562.176133277.04215,06857South America
CHNChina6.856177.1151012,01528,64376Asia
COLColombia1.7891463.20190314.5386,38089South America
COMComoros2.7081132.2731270.652184788175Africa
CRICosta Rica3.280953.3888458.277611,72965North America
HRVCroatia2.7641101.62414954.767813,27162Europe
CYPCyprus3.874740.38317321.7011125,38035Europe
CZECzech Republic4.286592.855102215.84820,40242Europe
CIVCôte d'Ivoire7.80178.610440.47911,621150Africa
CODDemocratic Republic of the Congo3.414906.1362141.4488478185Africa
DNKDenmark2.2771321.680147325.63656,63110Europe
DJIDjibouti6.700216.140202.0291681,989144Africa
DMADominica-4.684190-0.1491780.5571857,87979North America
DOMDominican Republic4.552546.1421976.09697,47882North America
ECUEcuador2.3681261.995140104.3636,21790South America
EGYEgypt4.181633.82463236.5452,495136Africa
SLVEl Salvador2.3231292.32712624.811063,895118North America
GNQEquatorial Guinea-3.220186-4.92519012.4913014,81858Africa
ERIEritrea5.012403.393835.813150980166Africa
ESTEstonia4.854462.68411025.9710319,73543Europe
SWZEswatini1.6081512.3441254.4171573,851121Africa
ETHEthiopia10.86129.892280.8767873167Africa
MKDFYR Macedonia0.0201732.66811111.371355,47498Europe
FJIFiji3.0231013.573734.8911535,52897Oceania
FINFinland2.7971090.804168252.84445,92717Europe
FRAFrance2.3351281.2131602,588739,93323Europe
GABGabon0.4511713.2738814.931217,37383Africa
GEOGeorgia4.984423.7456415.161204,086113Europe
DEUGermany2.4561241.7761453,701444,76919Europe
GHAGhana8.43945.4593247.02861,663149Africa
GRCGreece1.351160-0.337181200.75318,63744Europe
GRDGrenada5.077374.979451.11917910,40570North America
GTMGuatemala2.7601113.5737275.62704,469108North America
GINGuinea8.24656.0322310.25137790174Africa
GNBGuinea-Bissau5.919294.507511.350177794173Africa
GUYGuyana2.1411353.494773.5611594,578105South America
HTIHaiti1.1731642.1761348.608143784176North America
HNDHonduras4.785493.6456722.981082,766132North America
HKGHong Kong SAR3.791782.841104341.43446,08016Asia
HUNHungary3.989693.17992139.25814,20960Europe
ISLIceland3.989684.4055324.4810770,2485Europe
INDIndia6.681247.14992,60261,976145Asia
IDNIndonesia5.068395.108401,015163,876119Asia
IRQIraq-2.0571804.38255192.4544,950102Asia
IRLIreland7.206129.4433331.53568,7116Europe
IRNIslamic Republic of Iran3.732833.51176430.7275,29099Asia
ISRIsrael3.287943.51275350.73240,27322Asia
ITAItaly1.5021540.3401741,939931,99728Europe
JAMJamaica0.6581700.75916914.771225,193100North America
JPNJapan1.7351471.2851564,873338,44925Asia
JORJordan1.9701402.45812040.13924,136112Asia
KAZKazakhstan3.979703.31287159.4578,76275Asia
KENKenya4.885435.5423179.22681,695148Africa
KIRKiribati3.103973.642680.1971911,722147Oceania
KORKorea3.063983.004961,5401229,93830Asia
UVKKosovo3.737803.313867.0941473,944117Europe
KWTKuwait-3.338187-0.232179120.76027,39433Asia
KGZKyrgyz Republic4.584525.547307.5651451,208161Asia
LAOLao P.D.R.6.890167.364716.971182,541135Asia
LVALatvia4.549552.80410630.3310115,55055Europe
LBNLebanon1.5001551.62115054.188012,01364Asia
LSOLesotho-1.5621791.8241432.7491651,361157Africa
LBRLiberia2.4691202.0751383.285162694180Africa
LBYLibya64.0141-9.24919330.571004,740104Africa
LTULithuania3.865753.0569447.268516,73150Europe
LUXLuxembourg2.2971313.5347462.5373105,8631Europe
MACMacao SAR9.0963-0.67218450.368277,1113Asia
MDGMadagascar4.171643.4088111.50134449186Africa
MWIMalawi4.000674.024606.240149326190Africa
MYSMalaysia5.897305.18338312.4409,75572Asia
MDVMaldives4.834485.246374.50515612,52763Asia
MLIMali5.429325.3493515.37119813170Africa
MLTMalta6.683236.8351212.5812827,32734Europe
MHLMarshall Islands2.4681211.3991540.2221904,040115Oceania
MRTMauritania3.461893.463784.9351521,271160Africa
MUSMauritius3.809773.6616513.3312410,50469Africa
MEXMexico2.0411382.4771191,151159,31974North America
FSMMicronesia2.0151390.6641710.3281883,203127Oceania
MDAMoldova4.525564.525499.5561392,694133Europe
MNGMongolia5.073385.6312911.141363,640123Asia
MNEMontenegro4.275603.189914.7841547,67880Europe
MARMorocco4.116653.39982109.3623,137128Africa
MOZMozambique3.737815.7362712.59127426188Africa
MMRMyanmar6.842197.229867.28721,278159Asia
NAMNamibia-0.7701763.6017013.241255,58996Africa
NRUNauru3.9607117.58210.1141928,57577Oceania
NPLNepal7.90664.3875424.88105848168Asia
NLDNetherlands2.8691071.663148832.21848,55513Europe
NZLNew Zealand3.0451003.34185201.45241,57221Oceania
NICNicaragua4.861454.8004613.811232,221140North America
NERNiger4.883445.366348.224144438187Africa
NGANigeria0.8061662.709109376.4311,995143Africa
NORNorway1.9191421.600151398.82975,3894Europe
OMNOman-0.9281783.0479570.787117,12848Asia
PAKPakistan5.373334.34656305.0411,546152Asia
PLWPalau-3.7141881.5101520.29218915,98053Oceania
PANPanama5.357345.7592561.847415,08956North America
PNGPapua New Guinea2.5461175.7382619.821142,402137Oceania
PRYParaguay4.755505.0854138.94945,60095South America
PERPeru2.4651233.61069214.2496,73286South America
PHLPhilippines6.685226.56717313.6392,989131Asia
POLPoland4.650513.22889524.82413,82161Europe
PRTPortugal2.6801141.177162218.04721,15940Europe
PRIPuerto Rico-2.379181-1.250187104.26431,58129North America
QATQatar1.5801523.15293166.95661,0257Asia
COGRepublic of Congo-3.1051841.3601558.7181422,005142Africa
ROURomania6.947154.51750211.95010,78667Europe
RUSRussia1.5461530.2691751,5781110,95666Europe
RWARwanda6.104276.651169.136141772177Africa
WSMSamoa2.4681222.1031370.8411824,258110Oceania
SMRSan Marino1.8591450.1131761.64317347,59514Europe
SAUSaudi Arabia-0.8571772.254130686.71921,09641Asia
SENSenegal7.154135.8372421.111121,331158Africa
SRBSerbia1.8671441.23315841.43895,90192Europe
SYCSeychelles5.285365.050421.49817515,85954Africa
SLESierra Leone3.673842.9511003.612158488184Africa
SGPSingapore3.619853.45079323.93757,7139Asia
SVKSlovak Republic3.400912.9639895.966517,65546Europe
SVNSlovenia5.001412.45112148.878323,65439Europe
SLBSolomon Islands3.534882.960991.2981782,115141Oceania
ZAFSouth Africa1.3171621.499153349.3336,18091Africa
SSDSouth Sudan-5.1501912.5981143.060163243192Africa
ESPSpain2.9791031.8941411,3141428,35931Europe
LKASri Lanka3.309934.2295887.35664,073114Asia
KNASt. Kitts and Nevis2.0751374.746470.96418017,39747North America
LCASt. Lucia2.9741041.8531421.6861729,60773North America
VCTSt. Vincent and the Grenadines0.6871691.0181660.7851837,12484North America
SDNSudan1.4151582.84510345.82871,123163Africa
SURSuriname1.900143-0.5311833.4191605,87093South America
SWESweden2.1141362.619113535.62352,92512Europe
CHESwitzerland1.6661491.777144679.02080,6372Europe
STPSão Tomé and Príncipe3.875734.648480.3931871,847146Africa
TWNTaiwan Province of China2.8941062.267128572.62224,29238Asia
TJKTajikistan7.100146.820147.144146801172Asia
TZATanzania6.000286.8271351.76811,034165Africa
THAThailand3.903722.775107455.4266,59188Asia
BHSThe Bahamas1.4371570.04717712.1613132,66127North America
GMBThe Gambia4.558532.9391011.482176705179Africa
TLSTimor-Leste-4.6001892.2621292.7751642,237139Asia
TGOTogo4.400575.455334.767155611182Africa
TONTonga2.4891192.4981180.4551864,521107Oceania
TTOTrinidad and Tobago-2.597183-1.08918522.7810916,63852North America
TUNTunisia1.9551412.01313939.96933,465124Africa
TURTurkey7.44196.07422851.51710,53768Asia
TKMTurkmenistan6.470257.926537.93956,64387Asia
TUVTuvalu3.242964.269570.0401933,689122Oceania
UGAUganda4.845474.4235226.62102707178Africa
UKRUkraine2.525118-2.277188112.1612,656134Europe
AREUnited Arab Emirates0.8001673.66166382.63037,73326Asia
GBRUnited Kingdom1.6561502.1581362,628539,80024Europe
USAUnited States2.2171342.19213219,485159,7928North America
URYUruguay2.6571162.51911659.187516,94249South America
UZBUzbekistan5.300357.400648.83841,520153Asia
VUTVanuatu4.200612.4211230.8701813,094129Oceania
VENVenezuela-14.000193-7.846192210.1516,89085South America
VNMVietnam6.812206.22218220.4462,353138Asia
YEMYemen-5.942192-6.32119131.27991,043164Asia
ZMBZambia3.396923.9666225.711041,491154Africa
ZWEZimbabwe3.737822.77210817.641161,185162Africa
SYRSyria Asia
World 3.738 3.506 80,051 10,849