List of Countries by Projected GDP Growth

Source International Monetary Fund World Economic Outlook (October-2023)
Date01 Nov 2023

With a projected gdp growth rate of 74.40% in 2023, Macao SAR is the fastest growing economy in the world. Macao SAR is followed by Guyana (38.43) and Libya (12.55%). Only these three countries have a gdp growth rate above 10%, and 18 have a growth rate above 6%.Sudan has the lowest growth, with a 18.3% contraction as three economies have seen a contraction below 5% or more, including Equatorial Guinea and Lebanon.

Out of 195 economies, 21 economies have seen a negative growth rate in 2023. These 21 economies account for almost 7.78% of the world economy, with an aggregate total of $7.79 trillion. Out of them, eight are located in Asia and seven are in Europe continent, two each in Africa, North America and South America. In Europe, All Oceanian economies will expand their economy.

Germany is the only trillion-dollar economy with a negative gdp growth rate, followed by United Kingdom with the 2nd best figure of 0.48%. On the other hand, India has a 6.33% expansion in its trillion-dollar economy.

Luxembourg, Finland, Sweden and Germany has a negative growth rate among economies having gdp per capita above $50k.

For the year 2022, 20 economies are projected to experience a negative growth rate. The top five growing economies in 2022 are Guyana, Fiji, Cabo Verde, St. Lucia, and The Bahamas.

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Code Country/Economy GDP growth (%) GDP 2023 (billions of $) GDP per capita 2023 ($) Continent
2022Rank2023RankNominalRankNominal Rank
AFGAfghanistan -2.400183-3.80019212.384147319194Asia
LBNLebanon -6.500191-7.00019423.1301184,014126Asia
ERIEritrea 2.3001442.6001022.666170641185Africa
LKASri Lanka -7.824192-2.00018871.500863,423137Asia
PSEWest Bank and Gaza 3.933973.0008919.2061283,532133Asia
ALBAlbania4.844743.6077223.0321198,05788Europe
DZAAlgeria3.2001183.83569224.107564,875117Africa
ANDAndorra8.811192.0501273.69216344,10726Europe
AGOAngola3.0461211.25515093.796702,550146Africa
ATGAntigua and Barbuda8.459235.592211.94917919,06858North America
ARGArgentina4.95666-2.500190621.8332413,29770South America
ARMArmenia12.60487.032724.5401168,28386Europe
ABWAruba10.458112.3001163.82716235,71830North America
AUSAustralia3.6921051.7771371,687.7131463,48710Oceania
AUTAustria4.849720.095174526.1822858,01313Europe
AZEAzerbaijan4.577812.51410777.392817,53093Europe
BHRBahrain4.891702.7449844.9949628,46444Asia
BGDBangladesh7.100336.02517446.349332,621142Asia
BRBBarbados9.800134.500426.22015721,44250North America
BLRBelarus-3.6641861.62914168.864877,47794Europe
BELBelgium3.2481161.001156627.5112353,65717Europe
BLZBelize12.72674.007583.2181667,14296North America
BENBenin6.253455.5012319.9401261,449165Africa
BTNBhutan4.757765.328272.6861693,500134Asia
BOLBolivia3.4781091.80013646.796943,858130South America
BIHBosnia and Herzegovina4.106912.00013126.9451137,77889Europe
BWABotswana5.782523.8416820.7561247,75890Africa
BRABrazil2.9011253.084832,126.809910,41382South America
BRNBrunei Darussalam-1.628178-0.76818615.15313734,38432Asia
BGRBulgaria3.3611121.663140103.0996816,08765Europe
BFABurkina Faso1.4811644.3715020.785123888179Africa
BDIBurundi1.8271563.336783.190167246195Africa
CPVCabo Verde17.00434.411482.5981714,503121Africa
KHMCambodia5.239615.6472030.9431081,916155Asia
CMRCameroon3.7751013.9806249.262931,722159Africa
CANCanada3.4381101.2921492,117.8051053,24718North America
CAFCentral African Republic0.4721730.9601582.760168539189Africa
TCDChad3.3941114.0005912.596146703182Africa
CHLChile2.440140-0.532181344.4004517,25463South America
CHNChina2.9891235.0103117,700.899212,54175Asia
COLColombia7.257301.442145363.835436,97697South America
COMComoros2.5981353.004871.3641811,377168Africa
CRICosta Rica4.305864.4154785.5907416,21364North America
HRVCroatia6.219472.7009980.1857820,87655Europe
CYPCyprus5.633562.24712032.03210534,79131Europe
CZECzech Republic2.3421430.183173335.2434730,47542Europe
CIVCôte d'Ivoire6.700366.2001379.430792,728141Africa
CODDemocratic Republic of the Congo8.917156.734967.51289675183Africa
DNKDenmark2.7311281.700138420.8003771,4029Europe
DJIDjibouti3.1851195.000323.8731613,761132Africa
DMADominica5.711544.624370.6971879,35684North America
DOMDominican Republic4.858712.96691120.6296311,24981North America
ECUEcuador2.9481241.372146118.686646,500100South America
EGYEgypt6.653384.15753398.397383,770131Africa
SLVEl Salvador2.6001342.20012235.3391025,558111North America
GNQEquatorial Guinea3.246117-6.22119310.0411526,50299Africa
ESTEstonia-0.461176-2.26918941.7999830,99841Europe
SWZEswatini3.5631073.063844.6481593,995127Africa
ETHEthiopia6.358426.10916155.804601,473163Africa
FJIFiji20.01627.45965.5111586,025104Oceania
FINFinland1.605161-0.129175305.6894854,50715Europe
FRAFrance2.5221360.9511593,049.016746,31525Europe
GABGabon3.0371222.7629619.3191278,83285Africa
GEOGeorgia10.109126.1931430.0231108,16587Europe
DEUGermany1.804157-0.5351824,429.838352,82420Europe
GHAGhana3.0781201.16015276.628822,329149Africa
GRCGreece5.914502.462111242.3855423,17348Europe
GRDGrenada6.354433.870661.30618211,43778North America
GTMGuatemala4.118903.43275102.765695,407113North America
GINGuinea4.287875.9281923.2051171,543161Africa
GNBGuinea-Bissau4.200884.500431.9911781,028175Africa
GUYGuyana62.288138.432216.32913320,56556South America
HTIHaiti-1.682179-1.50018725.9861142,125152North America
HNDHonduras4.000932.9009233.9921033,245138North America
HKGHong Kong SAR-3.4761854.39449385.5464051,16821Asia
HUNHungary4.57880-0.340177203.8295721,07653Europe
ISLIceland7.238323.3367930.57010978,8378Europe
INDIndia7.240316.332113,732.22452,612143Asia
IDNIndonesia5.309604.971331,417.387165,109116Asia
IRQIraq6.98334-2.739191254.993525,883106Asia
IRLIreland9.433142.005130589.56926112,2482Europe
IRNIslamic Republic of Iran3.7771002.97690366.438424,234124Asia
ISRIsrael6.470393.13782521.6882953,19619Asia
ITAItaly3.7221030.6731662,186.082837,14628Europe
JAMJamaica5.222622.00013218.7611306,83198North America
JPNJapan1.0471681.9571354,230.862433,95034Asia
JORJordan2.5041382.60010350.022924,851118Asia
KAZKazakhstan3.2991134.55939259.2925112,96873Asia
KENKenya4.847734.96634112.749662,188151Africa
KIRKiribati1.1541672.5771050.2461931,968154Oceania
KORKorea2.6131331.4451441,709.2321333,14735Asia
UVKKosovo3.5111083.8007010.4691505,912105Europe
KWTKuwait8.86317-0.607183159.6875932,21540Asia
KGZKyrgyz Republic6.332443.3757712.6811441,830157Asia
LAOLao P.D.R.2.2521453.9676314.2441401,879156Asia
LVALatvia2.7631270.50016946.6689524,92946Europe
LSOLesotho2.1201482.1271252.3731741,110173Africa
LBRLiberia4.811754.557404.347160800180Africa
LBYLibya-9.62019312.548340.1941005,872107Africa
LTULithuania1.888153-0.17817679.4278028,48243Europe
LUXLuxembourg1.380165-0.44217889.09573135,6051Europe
MACMacao SAR-26.76119474.400138.48010154,29616Asia
MDGMadagascar4.000944.0006015.763136530191Africa
MWIMalawi0.8001701.70013913.176143580188Africa
MYSMalaysia8.650223.96064430.8953613,03471Asia
MDVMaldives13.86368.06846.97715517,55962Asia
MLIMali3.7041044.5004421.309121913177Africa
MLTMalta6.916353.7887120.31112538,71527Europe
MHLMarshall Islands-4.4541883.000880.2771916,141103Oceania
MRTMauritania6.461404.5414110.3571512,338148Africa
MUSMauritius8.691215.0923014.81913811,75277Africa
MEXMexico3.898993.177811,811.4681213,80467North America
FSMMicronesia-0.5561772.6031010.4581904,358122Oceania
MDAMoldova-4.9791892.00912916.0001346,411101Europe
MNGMongolia5.033655.5002418.7821295,348114Asia
MNEMontenegro6.135484.500457.05815411,33979Europe
MARMorocco1.2591662.385115147.343613,980128Africa
MOZMozambique4.191896.979821.936120647184Africa
MMRMyanmar1.9711512.58310474.861851,381167Asia
NAMNamibia4.560822.8189412.6471454,786119Africa
NRUNauru1.8811540.4941710.15019411,75776Oceania
NPLNepal5.613570.77216441.339991,353169Asia
NLDNetherlands4.326840.5521681,092.7481861,77011Europe
NZLNew Zealand2.6521311.121154249.4155348,07224Oceania
NICNicaragua3.7511023.0248617.3531312,599144North America
NERNiger11.90494.1085517.073132631186Africa
NGANigeria3.2521152.87093390.002391,755158Africa
MKDNorth Macedonia2.1471472.50011015.8011357,67291Europe
NORNorway3.2771142.283117546.7682799,2664Europe
OMNOman4.311851.178151108.2826721,26652Asia
PAKPakistan6.10349-0.475179340.636461,471164Asia
PLWPalau-1.9641810.8001630.26719215,11366Oceania
PANPanama10.809106.0001882.3487618,49359North America
PNGPapua New Guinea4.348833.0488531.6921062,581145Oceania
PRYParaguay0.0751744.4774644.142975,843108South America
PERPeru2.6831291.130153264.636507,66992South America
PHLPhilippines7.570295.32128435.675343,859129Asia
POLPoland5.134630.564167842.1722122,39349Europe
PRTPortugal6.687372.282118276.4324926,87945Europe
PRIPuerto Rico2.000150-0.700185117.5156537,09329North America
QATQatar4.898692.429114235.5005581,9686Asia
COGRepublic of Congo1.7501584.0335714.4071392,858140Africa
ROURomania4.743772.185123350.4144418,41360Europe
RUSRussia-2.0701822.2491191,862.4701113,00672Europe
RWARwanda8.158246.1701513.9271411,032174Africa
WSMSamoa-5.3101908.01150.9391864,638120Oceania
SMRSan Marino5.037642.2181211.99817758,54112Europe
SAUSaudi Arabia8.744200.7621651,069.4371932,58637Asia
SENSenegal4.000954.1025631.1411071,715160Africa
SRBSerbia2.2511461.97213475.0158411,30180Europe
SYCSeychelles8.910164.160522.08517520,89054Africa
SLESierra Leone3.988962.748973.519165415193Africa
SGPSingapore3.6471061.040155497.3473287,8845Asia
SVKSlovak Republic1.6691591.330147133.0446224,47147Europe
SVNSlovenia2.4611392.03412868.3948832,35038Europe
SLBSolomon Islands-4.0711872.5061091.6901802,285150Oceania
SOMSomalia2.4331412.8009511.515149717181Africa
ZAFSouth Africa1.9101520.929160380.906416,191102Africa
SSDSouth Sudan0.4761723.482746.267156417192Africa
ESPSpain5.771532.4531131,582.0541533,09036Europe
KNASt. Kitts and Nevis8.823184.899351.06918418,15861North America
LCASt. Lucia15.67443.225802.46917213,57268North America
VCTSt. Vincent and the Grenadines5.500596.230121.0391859,36083North America
SDNSudan-2.500184-18.30019525.569115534190Africa
SURSuriname1.0281692.1481243.5391645,667110South America
SWESweden2.832126-0.688184597.1102555,21614Europe
CHESwitzerland2.6651300.866161905.68420102,8663Europe
STPSão Tomé and Príncipe0.0651750.5001700.6741882,905139Africa
TWNTaiwan Province of China2.3541420.843162751.9302232,34039Asia
TJKTajikistan8.000266.5001011.8161481,180171Asia
TZATanzania4.691795.2152984.033751,327170Africa
THAThailand2.6431322.700100512.193307,29895Asia
BHSThe Bahamas14.36954.3065113.87614234,37133North America
GMBThe Gambia4.905685.555222.388173903178Africa
TLSTimor-Leste3.900981.5001422.0231761,497162Asia
TGOTogo5.811515.400269.1111531,004176Africa
TONTonga-1.9621802.5581060.5471895,488112Oceania
TTOTrinidad and Tobago1.4821632.50710827.88711219,62257North America
TUNTunisia2.5221371.31214851.271914,191125Africa
TKMTurkmenistan1.6241602.45811281.8227712,93474Asia
TUVTuvalu0.6771713.853670.0631955,773109Oceania
TURTürkiye5.533583.957651,154.6001713,38469Europe
UGAUganda6.434414.5683852.390901,163172Africa
UKRUkraine-29.0691952.000133173.413585,225115Europe
AREUnited Arab Emirates7.850283.38476509.1793150,60222Asia
GBRUnited Kingdom4.102920.4801723,332.059648,91323Europe
USAUnited States2.0621492.08512626,949.643180,4127North America
URYUruguay4.922670.99915776.2448321,37851South America
UZBUzbekistan5.669555.4892590.392722,509147Asia
VUTVanuatu1.8501551.4841431.1661833,492135Oceania
VENVenezuela8.000274.0006192.210713,474136South America
VNMVietnam8.020254.70036433.356354,316123Asia
YEMYemen1.500162-0.50018021.045122618187Asia
ZMBZambia4.737783.5547329.5361111,436166Africa
ZWEZimbabwe6.225464.1395432.4241042,006153Africa
SYRSyria---- ---- Asia
World 3.482 2.964 104,483.291 13,268