List of Countries by Projected GDP Growth

Source International Monetary Fund World Economic Outlook (October-2020)
Date16 Nov 2020

With a projected gdp growth rate of 26.21% in 2020, Guyana is the fastest growing economy in the world. Guyana is followed by South Sudan (4.11%), Bangladesh (3.80%), and Egypt (3.55%). Only these four countries have a gdp growth rate above 3%. Twenty-six economies will experience a positive growth rate in 2020. Out of them, twelve each is located in Asia and Africa, each in South America and the Oceania continent. All the European and North American economies will fail to expand. Twelve economies will grow between 1-2% and ten economies between 0-1%.

Out of 193 economies, 167 economies will see a negative growth rate in 2020. These 167 economies account for almost 79% of the world economy, with an aggregate total of $66 trillion. Libya has the lowest growth, with a 66.65% contraction as four economies will see a contraction below 25% or more, including Macao SAR, Lebanon, and Venezuela.

China is the only trillion-dollar economy with a positive gdp growth rate, followed by Indonesia with the 2nd best figure of -1.50%. Spain, Italy, and India will see a double-digit contraction in their trillion-dollar economy.

Norway has the least contraction among economies having gdp per capita above $50k, followed by Ireland. Taiwan Province of China has the highest gdp per capita, followed by Brunei Darussalam and China among growing economies. Only three growing economies are in the $10,000 per capita GDP club.

For the year 2021, only eleven economies are projected to experience a negative growth rate.

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Code Country/Economy GDP growth (%) GDP 2020 (billions of $) GDP per capita 2020 ($) Continent
2020Rank2021RankNominalRankNominal Rank
PAKPakistan -0.385281.021178262.797451,260160Asia
SOMSomalia -1.500382.9001494.918154-- Africa
LBNLebanon -25.000191-- 18.7341152,745135Asia
TGOTogo -- 3.0001395.719152690179Africa
AFGAfghanistan-5.000944.00010319.006112499187Asia
ALBAlbania-7.5291426.0943114.0341294,89898Europe
DZAAlgeria-5.4611033.163131147.323573,331127Africa
AGOAngola-4.011713.22912962.724742,021145Africa
ATGAntigua and Barbuda-17.2731854.701731.38917814,15956North America
ARGArgentina-11.7841724.88967382.760318,43374South America
ARMArmenia-4.455773.54911912.8131334,315103Europe
ABWAruba-19.7001889.00072.28816720,31042North America
AUSAustralia-4.159742.9531471,334.6881351,88510Oceania
AUTAustria-6.7201274.64676432.8942848,63413Europe
AZEAzerbaijan-4.027721.97016841.666904,125109Europe
BHRBahrain-4.913882.25116234.6249622,87838Asia
BGDBangladesh3.79934.40084317.768411,888147Asia
BRBBarbados-11.6001707.400174.63015616,08249North America
BLRBelarus-2.991562.20616357.708806,13489Europe
BELBelgium-8.2621495.35249503.4162643,81417Europe
BLZBelize-16.0001838.000141.5561743,734118North America
BENBenin1.99854.9906015.2921211,259161Africa
BTNBhutan0.56821-0.4631842.5871643,431122Asia
BOLBolivia-7.9001435.6004438.938933,322128South America
BIHBosnia and Herzegovina-6.5001225.0005818.8931145,76292Europe
BWABotswana-9.6271598.708915.8721206,55887Africa
BRABrazil-5.8011082.8281511,363.767126,45088South America
BRNBrunei Darussalam0.104243.24912710.64713923,11736Asia
BGRBulgaria-4.000694.1009567.917719,82667Europe
BFABurkina Faso-2.033463.89010916.082119769174Africa
BDIBurundi-3.244623.1281343.131162264193Africa
CPVCabo Verde-6.7711284.481821.8701713,358126Africa
KHMCambodia-2.756526.7522426.3161021,572154Asia
CMRCameroon-2.769533.43712339.036921,493155Africa
CANCanada-7.1411355.176551,600.264942,08018North America
CAFCentral African Republic-0.956342.9891442.321166480188Africa
TCDChad-0.666326.0913210.510140640182Africa
CHLChile-6.0011164.49581245.4144712,61260South America
CHNChina1.851108.2371015,222.155210,83964Asia
COLColombia-8.1821474.04099264.933445,20795South America
COMComoros-1.818402.9001481.2001791,337158Africa
CRICosta Rica-5.4971042.29616159.6457911,62963North America
HRVCroatia-9.0001576.0003556.7688114,03358Europe
CYPCyprus-6.4381204.7447223.24610726,24034Europe
CZECzech Republic-6.4991215.11756241.9754822,62739Europe
CIVCôte d'Ivoire1.800116.2002961.502762,281140Africa
CODDemocratic Republic of the Congo-2.150473.58311546.06288457189Africa
DNKDenmark-4.500803.500121339.6263858,4397Europe
DJIDjibouti-1.000357.000213.4081613,074132Africa
DMADominica-8.7821533.2691260.5451867,70979North America
DOMDominican Republic-5.9871123.99610577.883677,44581North America
ECUEcuador-11.0021684.7607193.078655,31693South America
EGYEgypt3.54742.755153361.875343,561120Africa
SLVEl Salvador-8.9821554.0439824.7841033,821117North America
GNQEquatorial Guinea-6.0171172.19616410.0281437,13185Africa
ERIEritrea-0.627315.738412.075168585183Africa
ESTEstonia-5.200974.5008030.46810022,98637Europe
SWZEswatini-3.465641.4361723.8481603,415124Africa
ETHEthiopia1.9468-0.02318395.58863974167Africa
FJIFiji-21.00018911.50043.9321594,371102Oceania
FINFinland-3.979673.572117267.8564348,46114Europe
FRAFrance-9.7571606.026332,551.451739,25721Europe
GABGabon-2.670502.13716515.1451227,18584Africa
GEOGeorgia-5.000954.9856116.3161184,405101Europe
DEUGermany-5.9831114.184893,780.553445,46615Europe
GHAGhana0.927174.1978867.337722,188141Africa
GRCGreece-9.5041584.11792194.3765118,16846Europe
GRDGrenada-11.7791713.0491371.0741819,82468North America
GTMGuatemala-2.000443.95110776.191684,240105North America
GINGuinea1.449146.6472614.2381261,019165Africa
GNBGuinea-Bissau-2.900553.0001421.392177767175Africa
GUYGuyana26.20518.120126.8061518,64973South America
HTIHaiti-4.000681.2001758.347145732178North America
HNDHonduras-6.5501244.9406423.9841052,412138North America
HKGHong Kong SAR-7.4651393.667112341.3193645,17616Asia
HUNHungary-6.1001193.900108149.9395515,37350Europe
ISLIceland-7.1541374.1079320.80511157,1898Europe
INDIndia-10.2891648.80482,592.58361,877148Asia
IDNIndonesia-1.498376.111301,088.768154,038114Asia
IRQIraq-12.0631762.529156178.112534,438100Asia
IRLIreland-3.004574.94363399.0642979,6693Europe
IRNIslamic Republic of Iran-4.990903.155133610.662227,25783Asia
ISRIsrael-5.8851104.86968383.4253041,56020Asia
ITAItaly-10.6451665.240521,848.222830,65727Europe
JAMJamaica-8.5641523.63511314.2281275,22194North America
JPNJapan-5.273982.3211604,910.580339,04823Asia
JORJordan-5.001963.40212542.609894,174107Asia
KAZKazakhstan-2.694513.029138165.730548,78272Asia
KENKenya1.048154.66874101.048622,075144Africa
KIRKiribati-1.100362.9541460.1941921,638153Oceania
KORKorea-1.878422.8711501,586.7861030,64428Asia
UVKKosovo-7.5001416.000347.4841484,141108Europe
KWTKuwait-8.0771460.648180108.6566022,25240Asia
KGZKyrgyz Republic-12.0231759.76367.4801491,148162Asia
LAOLao P.D.R.0.203234.7697018.6531162,567137Asia
LVALatvia-6.0001145.2005333.0159717,23047Europe
LSOLesotho-4.798853.8631101.906170924168Africa
LBRLiberia-3.006583.2411283.068163654180Africa
LBYLibya-66.65219376.021121.8051093,282130Africa
LTULithuania-1.840414.0649655.0648219,88343Europe
LUXLuxembourg-5.8001075.8564068.61370109,6021Europe
MACMacao SAR-52.27619223.862226.34810138,76924Asia
MDGMadagascar-3.163603.16313214.199128515186Africa
MWIMalawi0.600202.5001588.330146399191Africa
MYSMalaysia-6.0001137.80015336.3304010,19265Asia
MDVMaldives-18.56218612.69634.71215512,46461Asia
MLIMali-1.983434.00010417.685117899171Africa
MLTMalta-7.9171444.8046914.29012528,46931Europe
MHLMarshall Islands-4.50081-0.9001880.2251914,071112Oceania
MRTMauritania-3.229612.0311677.4281501,791150Africa
MUSMauritius-14.2001819.900511.3411378,95170Africa
MEXMexico-8.9541543.5301201,040.372168,06976North America
FSMMicronesia-3.778661.1871760.3951893,855116Oceania
MDAMoldova-4.500824.1009411.2411384,268104Europe
MNGMongolia-2.000456.0003713.3851313,990115Asia
MNEMontenegro-12.0021745.500464.9431537,93377Europe
MARMorocco-6.9711304.92266112.220593,121131Africa
MOZMozambique-0.500292.10016614.557124455190Africa
MMRMyanmar1.99465.6524370.890691,333159Asia
NAMNamibia-5.8551093.43512410.2521424,052113Africa
NRUNauru0.706181.2501740.1141938,86771Oceania
NPLNepal0.020262.49415932.158991,116163Asia
NLDNetherlands-5.4001004.04797886.3391751,29011Europe
NZLNew Zealand-6.0661184.35685193.5455238,67525Oceania
NICNicaragua-5.540105-0.50018511.9051351,832149North America
NERNiger0.499226.9122212.971132536184Africa
NGANigeria-4.278761.698169442.976272,149142Africa
MKDNorth Macedonia-5.4001015.5004512.5101346,01990Europe
NORNorway-2.834543.559118366.3863367,9894Europe
OMNOman-10.004163-0.54518662.3057514,42354Asia
PLWPalau-11.400169-7.4001920.25119014,23355Oceania
PANPanama-8.9951564.00010260.2867714,09057North America
PNGPapua New Guinea-3.276631.18717723.2831062,652136Oceania
PRYParaguay-4.000705.5004735.606954,90997South America
PERPeru-13.9411807.28718195.761505,84591South America
PHLPhilippines-8.2621487.41116367.362323,373125Asia
POLPoland-3.560654.59977580.8942315,30452Europe
PRTPortugal-10.0021626.50027221.7164921,60841Europe
PRIPuerto Rico-7.5001401.50017093.9686430,11329North America
QATQatar-4.483782.521157147.7915652,7519Asia
COGRepublic of Congo-6.996132-0.8231879.9641442,128143Africa
ROURomania-4.801864.57379248.6244612,81359Europe
RUSRussia-4.116732.8161521,464.078119,97266Europe
RWARwanda1.98576.3152810.428141823173Africa
WSMSamoa-4.99792-1.5191890.8291844,084111Oceania
SMRSan Marino-11.0001675.670421.41017641,68319Europe
SAUSaudi Arabia-5.4351023.099135680.8971919,58744Asia
SENSenegal-0.689335.2465124.4091041,455157Africa
SRBSerbia-2.468485.4784851.999847,49780Europe
SYCSeychelles-13.7781794.172901.19818012,32362Africa
SLESierra Leone-3.085592.7421544.140158518185Africa
SGPSingapore-6.0011154.97762337.4513958,4846Asia
SVKSlovak Republic-7.0861346.90023101.8926118,66945Europe
SVNSlovenia-6.7001265.2005451.8028525,03935Europe
SLBSolomon Islands-4.993914.465831.5511752,367139Oceania
ZAFSouth Africa-8.0001453.000141282.588424,73699Africa
SSDSouth Sudan4.1112-2.2711904.177157303192Africa
ESPSpain-12.8301777.154201,247.4641426,83233Europe
LKASri Lanka-4.554835.2685081.120663,698119Asia
KNASt. Kitts and Nevis-18.6501878.000130.87118215,24653North America
LCASt. Lucia-16.8971847.206191.7701739,78069North America
VCTSt. Vincent and the Grenadines-6.9891313.6791110.7771857,03386North America
SDNSudan-8.3801510.75817932.57698735177Africa
SURSuriname-13.0801781.4901712.5381654,199106South America
SWESweden-4.716843.467122529.0542450,33912Europe
CHESwitzerland-5.304993.581116707.8681881,8672Europe
STPSão Tomé and Príncipe-6.5001233.0001400.4171881,912146Africa
TWNTaiwan Province of China0.048253.224130635.5472126,91032Asia
TJKTajikistan1.000166.000387.898147834172Asia
TZATanzania1.90393.59911464.123731,106164Africa
THAThailand-7.1451364.001100509.200257,29582Asia
BHSThe Bahamas-14.7841824.5927811.56013630,02730North America
GMBThe Gambia-1.800396.000361.806172746176Africa
TLSTimor-Leste-6.8001294.0001011.9201691,456156Asia
TONTonga-2.53949-3.5461910.5031875,02396Oceania
TTOTrinidad and Tobago-5.6451062.63215522.71810816,19748North America
TUNTunisia-7.0441333.95110639.226913,295129Africa
TURTurkey-4.985894.99759649.436207,71578Europe
TKMTurkmenistan1.777124.6477547.986878,07475Asia
TUVTuvalu-0.517302.9851450.0451944,091110Oceania
UGAUganda-0.288274.9256537.73394915170Africa
UKRUkraine-7.2001382.999143142.250583,425123Europe
AREUnited Arab Emirates-6.5671251.349173353.8993531,94826Asia
GBRUnited Kingdom-9.7621615.921392,638.296539,22922Europe
USAUnited States-4.272753.07813620,807.269163,0515North America
URYUruguay-4.500794.3008654.1358315,33251South America
UZBUzbekistan0.700195.0005759.771781,763151Asia
VUTVanuatu-8.2861504.281870.8641832,879134Oceania
VENVenezuela-25.000190-10.00019348.610861,739152South America
VNMVietnam1.600136.70025340.602373,498121Asia
PSEWest Bank and Gaza-11.9801738.1891114.7501232,894133Asia
YEMYemen-5.000930.50018220.948110645181Asia
ZMBZambia-4.831870.58318118.9091131,001166Africa
ZWEZimbabwe-10.3781654.1589114.002130922169Africa
SYRSyria---- ---- Asia
World -4.359 5.152 83,844.988 10,954