List of Countries by Projected GDP Growth

Source International Monetary Fund World Economic Outlook (October-2021)
Date24 Oct 2021

With a projected gdp growth rate of 43.48% in 2020, Guyana is the fastest growing economy in the world. Guyana is followed by Guinea (7.1%), Ethiopia (6.1%), and Ireland (5.9%). Only these four countries have a gdp growth rate above 5%, and only sixteen have a growth rate above 2%. Thirty-one economies have experienced a positive growth rate in 2020. Out of them, sixteen are located in Africa, and nine are located in the Asia continent. In Europe, only two economies have expanded. All North American economies have failed to expand.

Out of 195 economies, 164 economies have seen a negative growth rate in 2020. These 164 economies account for almost 77.5% of the world economy, with an aggregate total of $66 trillion. Libya has the lowest growth, with a 60% contraction as five economies have seen a contraction below 25% or more, including Macao SAR, Maldives, Venezuela, and Lebanon.

China is the only trillion-dollar economy with a positive gdp growth rate, followed by Korea with the 2nd best figure of -0.85%. On the other hand, Spain has a double-digit contraction in its trillion-dollar economy.

Only Ireland has a positive growth rate among economies having gdp per capita above $50k, followed by Norway with the 2nd best figure of -0.77%. Ireland has the highest gdp per capita, followed by Taiwan and Brunei Darussalam, among growing economies.

For the year 2021, only 18 economies are projected to experience a negative growth rate. The top five growing economies in 2021 are Libya, Macao SAR, Guyana, Maldives, and Ireland.

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Code Country/Economy GDP growth (%) GDP 2020 (billions of $) GDP per capita 2020 ($) Continent
2020Rank2021RankNominalRankNominal Rank
AFGAfghanistan -2.35168-- 20.136111611183Asia
LBNLebanon -25.000191-- 19.0081152,785136Asia
ALBAlbania-3.311855.3005614.8281275,15397Europe
DZAAlgeria-4.9001133.410114147.600573,337127Africa
Andorra-11.9691745.500532.85816536,63126Europe
AGOAngola-5.385120-0.65517858.376791,881151Africa
ATGAntigua and Barbuda-20.0311880.9651701.37017913,96757North America
ARGArgentina-9.9051687.50021389.064318,57276South America
ARMArmenia-7.3531446.4613012.6411344,267111Europe
ABWAruba-22.32019012.78162.49716722,48342North America
AUSAustralia-2.351693.5441101,359.3701352,90510Oceania
AUTAustria-6.1791323.91898432.5242748,59314Europe
AZEAzerbaijan-4.2901052.95912842.607904,232112Europe
BHRBahrain-5.0881152.44114234.7299623,59038Asia
BGDBangladesh3.509104.59980323.057421,962147Asia
BRBBarbados-18.0001873.3001184.41815715,34654North America
BLRBelarus-0.949472.07114860.201776,39890Europe
BELBelgium-6.2841335.63647514.9202544,68818Europe
BLZBelize-14.0381778.500161.7061744,077115North America
BENBenin3.84975.5115115.6741211,291162Africa
BTNBhutan-0.81742-1.9161842.5031663,359126Asia
BOLBolivia-8.8291624.9506936.839943,168131South America
BIHBosnia and Herzegovina-4.3271072.80013319.7891126,03592Europe
BWABotswana-8.4931579.1621215.0641256,42089Africa
BRABrazil-4.059995.229571,444.720126,82388South America
BRNBrunei Darussalam1.113241.97415312.00313726,06135Asia
BGRBulgaria-4.1541034.5408369.2097110,00667Europe
BFABurkina Faso1.930186.6672717.378119831176Africa
BDIBurundi-1.040491.6341593.040162256195Africa
CPVCabo Verde-14.7831803.995961.7071733,065133Africa
KHMCambodia-3.141831.93215525.1921011,607155Asia
CMRCameroon-1.541543.62510839.938911,505157Africa
CANCanada-5.3131185.688461,644.040943,29520North America
CAFCentral African Republic0.97027-0.9981802.387168494190Africa
TCDChad-0.821430.93917310.836141660181Africa
CHLChile-5.84512510.9998252.8214612,99359South America
CHNChina2.342168.0151714,866.740210,51164Asia
COLColombia-6.7961407.60819271.554435,39196South America
COMComoros-0.504371.6001601.2161801,355160Africa
CRICosta Rica-4.0641003.9009961.8337512,05762North America
HRVCroatia-8.0291516.3003356.1718113,89658Europe
CYPCyprus-5.1041164.7667423.78510626,78534Europe
CZECzech Republic-5.7941243.787101245.3494822,94340Europe
CIVCôte d'Ivoire1.995175.9564061.231762,271141Africa
CODDemocratic Republic of the Congo1.735214.8627148.70786544188Africa
DNKDenmark-2.061633.800100356.0853661,1546Europe
DJIDjibouti1.000265.000683.4401613,482125Africa
DMADominica-10.9831713.3651150.5441877,41682North America
DOMDominican Republic-6.7201399.5211078.923687,55481North America
ECUEcuador-7.7501462.79613498.808645,64394South America
EGYEgypt3.57093.333116363.245323,601122Africa
SLVEl Salvador-7.9441489.0251324.6391033,799119North America
GNQEquatorial Guinea-4.8931124.1469110.0361457,13786Africa
ERIEritrea-0.627392.9111302.084169588184Africa
ESTEstonia-2.951798.5001530.62610023,03639Europe
SWZEswatini-2.419701.5291633.9811593,533123Africa
ETHEthiopia6.05731.98915296.61165994170Africa
FJIFiji-15.725184-3.9971884.4941554,995100Oceania
FINFinland-2.875782.973127269.5574448,78613Europe
FRAFrance-7.9881506.293342,624.420740,29923Europe
GABGabon-1.838601.48116415.3391247,27784Africa
GEOGeorgia-6.1601317.6901815.8911204,275110Europe
DEUGermany-4.5601093.0511243,843.340446,21617Europe
GHAGhana0.414314.7127668.498722,226142Africa
GRCGreece-8.2481536.49429189.2595217,65747Europe
GRDGrenada-13.0581762.6791361.0271829,13070North America
GTMGuatemala-1.519535.5005277.603694,317107North America
GINGuinea7.08725.1735915.3881231,102168Africa
GNBGuinea-Bissau-1.400523.3001171.434178790178Africa
GUYGuyana43.480120.40935.4711526,95387South America
HTIHaiti-3.34386-0.70017914.5081281,235164North America
HNDHonduras-8.9651654.9007023.8281052,397139North America
HKGHong Kong SAR-6.0811276.43531346.5843746,65715Asia
HUNHungary-4.9571147.60020155.0135615,86651Europe
ISLIceland-6.5041363.69610521.71810959,6438Europe
INDIndia-7.2521439.497112,660.24061,930150Asia
IDNIndonesia-2.070643.1991211,059.640163,922116Asia
IRQIraq-15.7011833.647107169.488544,223113Asia
IRLIreland5.867413.0365425.5492985,2063Europe
IRNIslamic Republic of Iran3.388112.462140835.351189,92868Asia
ISRIsrael-2.153667.06022407.1013044,18119Asia
ITAItaly-8.8711645.770421,884.940831,60430Europe
JAMJamaica-10.0491694.5768113.9671305,10399North America
JPNJapan-4.5861102.3581435,045.100340,08924Asia
JORJordan-1.551552.03915043.759894,286108Asia
KAZKazakhstan-2.600733.287119171.240539,07171Asia
KENKenya-0.316335.59948102.427632,104145Africa
KIRKiribati-0.476361.7901580.1981931,673154Oceania
KORKorea-0.852454.278901,638.2601031,63829Asia
UVKKosovo-5.3001176.000387.7801494,348106Europe
KWTKuwait-8.8551630.948172105.9496022,68441Asia
KGZKyrgyz Republic-8.6171602.0981477.7471501,189165Asia
LAOLao P.D.R.-0.435342.06114918.8201172,587138Asia
LVALatvia-3.624924.5408233.4789917,54948Europe
LSOLesotho-5.3951222.8111321.999170970171Africa
LBRLiberia-2.967813.5611093.037163647182Africa
LBYLibya-59.719195123.173119.2101142,891135Africa
LTULithuania-0.872464.6637955.8438219,98145Europe
LUXLuxembourg-1.314515.5134973.20570116,9211Europe
MACMacao SAR-56.30819420.435224.33310435,62127Asia
MDGMadagascar-6.1181292.91312913.179132462191Africa
MWIMalawi0.913282.20014511.847139568187Africa
MYSMalaysia-5.6471233.500111337.0084010,23165Asia
MDVMaldives-31.98219318.86843.7381609,88969Asia
MLIMali-1.591564.0259317.491118890174Africa
MLTMalta-8.2911545.7114514.89912628,95531Europe
MHLMarshall Islands-2.44871-1.5001830.2441924,413105Oceania
MRTMauritania-1.763572.7291358.1101471,956148Africa
MUSMauritius-14.9001815.0006710.9211408,61974Africa
MEXMexico-8.3091556.247351,073.920158,40477North America
FSMMicronesia-1.81859-3.2471870.4071903,892118Oceania
MDAMoldova-6.9691424.5008511.9121384,523104Europe
MNGMongolia-5.3361195.2005813.1371333,916117Asia
MNEMontenegro-15.2001827.000234.7861547,70378Europe
MARMorocco-6.2931345.73244114.602593,188130Africa
MOZMozambique-1.234502.45814114.029129449192Africa
MMRMyanmar3.18912-17.93819281.257661,527156Asia
NAMNamibia-7.9841491.32616510.7101424,276109Africa
NRUNauru0.706291.5501620.1141948,86773Oceania
NPLNepal-2.088651.80315633.983981,178166Asia
NLDNetherlands-3.825943.767103913.1341752,45611Europe
NZLNew Zealand-2.053625.05863209.3845041,16521Oceania
NICNicaragua-1.977615.0006412.6201351,943149North America
NERNiger3.62085.3605413.761131568186Africa
NGANigeria-1.794582.640137429.423282,083146Africa
MKDNorth Macedonia-4.5321084.0009512.2881365,93993Europe
NORNorway-0.766413.026125362.5223367,3264Europe
OMNOman-2.835772.48313963.3687414,25556Asia
PAKPakistan-0.467353.94397261.726451,255163Asia
PLWPalau-8.681161-19.6621930.25719114,73255Oceania
PANPanama-17.94918611.951752.9388512,37361North America
PNGPapua New Guinea-3.905971.21516823.2791072,651137Oceania
PRYParaguay-0.566384.5008635.670954,918102South America
PERPeru-11.00417210.0389205.458516,13491South America
PHLPhilippines-9.5731663.223120361.489343,323128Asia
POLPoland-2.720745.11561595.9162315,69952Europe
PRTPortugal-8.4421564.44287228.3564922,14943Europe
PRIPuerto Rico-3.90496-0.600177103.1386232,64528North America
QATQatar-3.588911.947154145.4505854,1859Asia
COGRepublic of Congo-8.169152-0.16417610.3291442,206143Africa
ROURomania-3.859957.00024248.7164712,86860Europe
RUSRussia-2.951804.690781,478.5701110,11566Europe
RWARwanda-3.357885.1046210.332143816177Africa
WSMSamoa-2.74275-7.2261910.8121854,090114Oceania
SMRSan Marino-6.5441375.511501.55417746,28216Europe
SAUSaudi Arabia-4.1071022.836131700.1182119,99644Asia
SENSenegal1.500234.7477524.6811021,474158Africa
SRBSerbia-0.980486.5402852.960847,64680Europe
SYCSeychelles-12.8661756.896251.13818111,70263Africa
SLESierra Leone-2.175673.1941224.202158527189Africa
SGPSingapore-5.3911216.02937339.9813959,7957Asia
SVKSlovak Republic-4.7541114.43289104.4916119,14546Europe
SVNSlovenia-4.2301046.3213253.5478325,54937Europe
SLBSolomon Islands-4.3201061.2291661.5621762,281140Oceania
SOMSomalia-0.700401.6001614.990153332193Africa
ZAFSouth Africa-6.4321355.00066335.344415,62595Africa
SSDSouth Sudan-6.5891385.325554.440156322194Africa
ESPSpain-10.8231705.737431,280.4601427,17933Europe
LKASri Lanka-3.569903.64710680.700673,682121Asia
KNASt. Kitts and Nevis-14.410178-1.0251820.98118317,17349North America
LCASt. Lucia-20.3741893.4751121.6171758,93572North America
VCTSt. Vincent and the Grenadines-3.25384-6.0721900.8071867,30483North America
SDNSudan-3.630930.90017434.39697776179Africa
SURSuriname-15.9061850.6841752.8841644,787103South America
SWESweden-2.795764.03692541.0642452,12912Europe
CHESwitzerland-2.506723.705104751.8771987,3672Europe
STPSão Tomé and Príncipe3.003142.1311460.4771892,190144Africa
TWNTaiwan Province of China3.123135.86441668.1562228,35832Asia
TJKTajikistan4.50065.000657.997148844175Asia
TZATanzania4.80654.0239464.403731,110167Africa
THAThailand-6.0991280.960171501.712267,18885Asia
BHSThe Bahamas-14.5151792.0001519.90814625,73436North America
GMBThe Gambia-0.202324.860721.862171770180Africa
TLSTimor-Leste-7.6001451.8001571.7771721,348161Asia
TGOTogo1.758204.776737.586151916173Africa
TONTonga0.65530-2.0231860.4991884,979101Oceania
TTOTrinidad and Tobago-7.854147-1.01518121.58711015,42553North America
TUNTunisia-8.5881593.01612639.219923,295129Africa
TURTurkey1.794198.95314719.919208,61075Europe
TKMTurkmenistan-3.355874.5328445.609887,67479Asia
TUVTuvalu1.006252.5321380.0551955,10698Oceania
UGAUganda-0.841444.7077738.14193925172Africa
UKRUkraine-4.042983.450113155.300553,741120Europe
AREUnited Arab Emirates-6.1351302.237144358.8693538,66125Asia
GBRUnited Kingdom-9.8471676.763262,709.680540,39422Europe
USAUnited States-3.405895.9733920,893.750163,3585North America
URYUruguay-5.8591263.10012356.5778016,02350South America
UZBUzbekistan1.729226.1433659.928781,767152Asia
VUTVanuatu-6.8131411.2191670.9321843,090132Oceania
VENVenezuela-30.000192-5.00018947.255871,691153South America
VNMVietnam2.948153.780102343.114383,523124Asia
PSEWest Bank and Gaza-11.4571734.4408815.5611223,051134Asia
YEMYemen-8.500158-2.00018518.841116580185Asia
ZMBZambia-3.020821.00516919.3191131,023169Africa
ZWEZimbabwe-4.0691015.1336021.9241081,443159Africa
SYRSyria---- ---- Asia
World -3.116 5.880 84,971.650 11,108