List of Countries by Projected GDP Growth

Source International Monetary Fund World Economic Outlook (April-2021)
Date29 May 2021

With a projected gdp growth rate of 43.38% in 2020, Guyana is the fastest growing economy in the world. Guyana is followed by Ethiopia (6.1%), Guinea (5.2%), and Tajikistan (4.5%). Only these four countries have a gdp growth rate above 4%, and only twelve have a growth rate above 2%. Twenty-seven economies have experienced a positive growth rate in 2020. Out of them, twelve are located in Africa, and ten are located in the Asia continent. In Europe and South America, only two economies have expanded. All North American economies have failed to expand.

Out of 194 economies, 166 economies have seen a negative growth rate in 2020. These 167 economies account for almost 78% of the world economy, with an aggregate total of $66 trillion. Libya has the lowest growth, with a 60% contraction as six economies have seen a contraction below 25% or more, including Macao SAR, Maldives, Venezuela, Aruba, and Lebanon.

China is the only trillion-dollar economy with a positive gdp growth rate, followed by Korea with the 2nd best figure of -0.96%. 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 -0.76%. Ireland has the highest gdp per capita, followed by Taiwan and Brunei Darussalam, among growing economies.

For the year 2021, only 14 economies are projected to experience a negative growth rate. The top five growing economies in 2021 are Libya, Macao SAR, Maldives, Guyana, and India.

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Code Country/Economy GDP growth (%) GDP 2020 (billions of $) GDP per capita 2020 ($) Continent
2020Rank2021RankNominalRankNominal Rank
PAKPakistan -0.385331.496164262.799451,260161Asia
LBNLebanon -25.000189-- 19.1261152,802135Asia
AFGAfghanistan-5.0001094.0008419.132114581184Asia
ALBAlbania-3.500835.0004415.1471265,28795Europe
DZAAlgeria-5.9921242.864132144.294583,263129Africa
AGOAngola-3.975940.37317662.440752,012145Africa
ATGAntigua and Barbuda-17.273183-2.9871881.39017814,16856North America
ARGArgentina-9.9561675.83926388.279318,55573South America
ARMArmenia-7.5711451.00516912.3391344,155111Europe
ABWAruba-25.4571904.951512.45816521,83342North America
AUSAustralia-2.438654.538591,359.3301352,8259Oceania
AUTAustria-6.5901333.478106428.6222848,15414Europe
AZEAzerbaijan-4.2901002.31814742.607904,218109Europe
BHRBahrain-5.3951143.29411233.9049822,40240Asia
BGDBangladesh3.79855.03540329.120411,998146Asia
BRBBarbados-17.6001844.100764.36515515,16352North America
BLRBelarus-0.90045-0.39218260.201786,39989Europe
BELBelgium-6.4241304.04379513.0872544,52918Europe
BLZBelize-14.0891791.9201561.6511743,945114North America
BENBenin1.997134.9724915.1931251,251163Africa
BTNBhutan-0.81741-1.9161852.5031643,359125Asia
BOLBolivia-7.7001475.5003239.381923,360124South America
BIHBosnia and Herzegovina-5.5001163.50010319.3891135,91392Europe
BWABotswana-8.2501587.5051115.9101206,78187Africa
BRABrazil-4.059953.655961,434.080126,78386South America
BRNBrunei Darussalam1.203171.64616112.01613726,08935Asia
BGRBulgaria-3.844914.4006668.561719,91967Europe
BFABurkina Faso0.793224.2567016.541119791176Africa
BDIBurundi-1.282492.8141333.011163254194Africa
CPVCabo Verde-14.0291785.762281.7531723,148131Africa
KHMCambodia-3.532854.1557425.9531011,655154Asia
CMRCameroon-2.769693.43711039.020931,470156Africa
CANCanada-5.4031155.045391,643.410943,27820North America
CAFCentral African Republic-0.015293.4911042.366167490189Africa
TCDChad-0.887431.76815910.742141654180Africa
CHLChile-5.8411226.17420252.7564612,99058South America
CHNChina2.270128.437914,722.840210,48463Asia
COLColombia-6.8471375.15038271.463435,33694South America
COMComoros-0.503380.0001791.2221791,362159Africa
CRICosta Rica-4.7961042.59513861.4507611,98261North America
HRVCroatia-9.0001624.7005356.9258014,07257Europe
CYPCyprus-5.1061103.01812523.96710527,05434Europe
CZECzech Republic-5.5561184.21872241.4554822,57938Europe
CIVCôte d'Ivoire2.277115.9562561.402772,278140Africa
CODDemocratic Republic of the Congo-0.064303.7709149.07786541186Africa
DNKDenmark-3.287792.760134352.2433660,4946Europe
DJIDjibouti-1.000485.000453.4081613,074132Africa
DMADominica-10.445170-0.3881810.5171866,90485North America
DOMDominican Republic-6.7311355.4813378.731687,53080North America
ECUEcuador-7.5001432.50214296.665635,52093South America
EGYEgypt3.57062.473145361.847343,587121Africa
SLVEl Salvador-8.5801594.2007324.6091023,794118North America
GNQEquatorial Guinea-5.7781213.979859.5241456,77388Africa
ERIEritrea-0.627392.0041532.086168588183Africa
ESTEstonia-2.932723.40011131.00510023,33037Europe
SWZEswatini-3.342811.4201663.9491593,504122Africa
ETHEthiopia6.05721.98915596.61164994169Africa
FJIFiji-19.0001885.000434.3161564,797100Oceania
FINFinland-2.893712.276148270.6374448,98113Europe
FRAFrance-8.2321555.812272,598.910739,90724Europe
GABGabon-1.757541.17116715.6421227,42181Africa
GEOGeorgia-6.1001273.50010115.7331214,248107Europe
DEUGermany-4.9031063.602973,803.010445,73316Europe
GHAGhana0.880204.6395768.418722,223141Africa
GRCGreece-8.2481573.75893189.2595217,67046Europe
GRDGrenada-13.464177-1.5291841.0371819,18669North America
GTMGuatemala-1.500524.5006077.073694,289105North America
GINGuinea5.22535.5563115.4551241,106166Africa
GNBGuinea-Bissau-2.400643.0001261.434177790178Africa
GUYGuyana43.384116.39445.7661527,32782South America
HTIHaiti-3.700891.00017014.2861291,253162North America
HNDHonduras-8.0001524.5006123.6911062,383139North America
HKGHong Kong SAR-6.1421284.28969349.4453746,75315Asia
HUNHungary-4.9621074.30068154.5625515,82048Europe
ISLIceland-6.6491343.7079521.71510959,6347Europe
INDIndia-7.96515012.54652,708.77061,965148Asia
IDNIndonesia-2.070594.302671,059.640163,922115Asia
IRQIraq-10.8851711.115168172.119534,289104Asia
IRLIreland2.475104.23471418.7162983,8503Europe
IRNIslamic Republic of Iran1.516162.539140635.724227,55579Asia
ISRIsrael-2.377634.99147402.6393043,68919Asia
ITAItaly-8.8711614.150751,884.940831,28828Europe
JAMJamaica-10.2231681.46516513.9481305,09697North America
JPNJapan-4.8301053.2521135,048.690340,14623Asia
JORJordan-1.973572.02815243.481894,259106Asia
KAZKazakhstan-2.598663.196115164.792548,73372Asia
KENKenya-0.127317.5601099.287622,039144Africa
KIRKiribati-0.476361.7901580.2001921,688153Oceania
KORKorea-0.958463.585981,630.8701031,49727Asia
UVKKosovo-6.0001254.500627.7891494,310103Europe
KWTKuwait-8.1341540.657172107.9366022,10541Asia
KGZKyrgyz Republic-7.9801515.990247.4711511,146165Asia
LAOLao P.D.R.-0.435344.6425619.0781162,626137Asia
LVALatvia-3.624873.8778733.4789917,56047Europe
LSOLesotho-4.5431033.4621092.0681691,003168Africa
LBRLiberia-2.967733.560993.033162646181Africa
LBYLibya-59.719194130.981121.7971083,281128Africa
LTULithuania-0.823423.16911655.6888219,91744Europe
LUXLuxembourg-1.314504.0957773.20570116,9211Europe
MACMacao SAR-56.30619361.220224.33310436,35025Asia
MDGMadagascar-4.239993.22411413.837131502188Africa
MWIMalawi0.600262.2001498.488146407191Africa
MYSMalaysia-5.5881196.50015338.2764010,27064Asia
MDVMaldives-32.24319218.87233.7551609,93466Asia
MLIMali-1.983584.0198117.639118897173Africa
MLTMalta-7.0011394.6635514.55912728,29432Europe
MHLMarshall Islands-3.30080-1.5001830.2341914,240108Oceania
MRTMauritania-2.161613.1361198.1761471,971147Africa
MUSMauritius-15.8001816.6001411.3961398,99370Africa
MEXMexico-8.2391565.004411,076.160158,42175North America
FSMMicronesia-1.63953-3.7101890.4081893,899117Oceania
MDAMoldova-7.5001424.5006311.5001384,366102Europe
MNGMongolia-5.3361125.0004213.1371333,916116Asia
MNEMontenegro-15.2051809.00674.7901547,68977Europe
MARMorocco-7.0211404.50064113.548593,158130Africa
MOZMozambique-0.500372.10015014.385128450190Africa
MMRMyanmar3.1897-8.89419181.257661,527155Asia
NAMNamibia-7.2431412.61813710.5641424,175110Africa
NRUNauru0.706241.5501620.1141938,86771Oceania
NPLNepal-1.878562.88713134.465961,196164Asia
NLDNetherlands-3.796903.503100909.5031752,24810Europe
NZLNew Zealand-2.991754.04478209.3295041,12721Oceania
NICNicaragua-3.000760.23717712.1461361,870150North America
NERNiger1.200186.8901313.698132566185Africa
NGANigeria-1.794552.533141429.423272,083143Africa
MKDNorth Macedonia-4.5321023.8009012.2881355,91891Europe
NORNorway-0.762403.86188362.0093367,1764Europe
OMNOman-6.3671291.75916063.1927414,21655Asia
PLWPalau-10.286169-10.8381930.25419014,41254Oceania
PANPanama-17.94918512.045652.9388412,37360North America
PNGPapua New Guinea-3.879923.47310723.5751072,685136Oceania
PRYParaguay-0.900444.0008335.875954,94699South America
PERPeru-11.1151748.4988203.772516,08490South America
PHLPhilippines-9.5131646.89012362.243323,330126Asia
POLPoland-2.723683.467108594.1802315,65450Europe
PRTPortugal-7.5871463.90086231.3484922,48939Europe
PRIPuerto Rico-7.5001442.50014395.8516530,31729North America
QATQatar-2.616672.357146146.0905752,14411Asia
COGRepublic of Congo-7.8131480.21617810.2321442,186142Africa
ROURomania-3.900936.00022247.2144712,79759Europe
RUSRussia-3.056773.763921,473.5801110,03765Europe
RWARwanda-0.199325.6903010.372143819175Africa
WSMSamoa-3.15478-7.8001900.8041843,961113Oceania
SMRSan Marino-9.7451654.460651.50517644,81817Europe
SAUSaudi Arabia-4.147962.931129701.4672020,17843Asia
SENSenegal0.828215.1973724.4481031,460157Africa
SRBSerbia-0.980474.9665052.960837,63678Europe
SYCSeychelles-13.3591751.8031571.13118011,63962Africa
SLESierra Leone-2.249623.0381244.204157527187Africa
SGPSingapore-5.3911135.19836339.9813958,9028Asia
SVKSlovak Republic-5.2001114.67554104.0886119,07145Europe
SVNSlovenia-5.5321173.7109452.8388525,21136Europe
SLBSolomon Islands-4.3201011.5271631.5671752,392138Oceania
SOMSomalia-1.500512.9001304.920153327192Africa
ZAFSouth Africa-6.9601383.100120302.114425,06798Africa
SSDSouth Sudan-6.5891325.325354.074158296193Africa
ESPSpain-10.9641736.375181,278.2101427,13233Europe
LKASri Lanka-3.569864.0068280.700673,679119Asia
KNASt. Kitts and Nevis-18.650186-2.0001860.85218314,91953North America
LCASt. Lucia-18.8501873.1421181.6921739,35168North America
VCTSt. Vincent and the Grenadines-4.18097-0.0951800.7871857,12284North America
SDNSudan-3.630880.38817534.37097775179Africa
SURSuriname-13.4551760.6841712.4101663,988112South America
SWESweden-2.818703.060123537.6102451,79612Europe
CHESwitzerland-2.983743.489105747.4271886,8492Europe
STPSão Tomé and Príncipe-6.5001313.0001280.4181881,918149Africa
TWNTaiwan Province of China3.10984.74852668.5102128,30631Asia
TJKTajikistan4.50045.000467.997148844174Asia
TZATanzania1.029192.65813663.244731,090167Africa
THAThailand-6.0871262.564139501.888267,19083Asia
BHSThe Bahamas-16.2811821.99815411.25014029,22130North America
GMBThe Gambia0.000286.000231.913170791177Africa
TLSTimor-Leste-6.8001362.7501351.7911711,359160Asia
TGOTogo0.700253.5001027.495150905172Africa
TONTonga-0.46635-2.4691870.5141875,12596Oceania
TTOTrinidad and Tobago-7.8321492.08415121.53011015,38451North America
TUNTunisia-8.8001603.8108939.553913,323127Africa
TURTurkey1.794146.04221719.537198,54874Europe
TKMTurkmenistan0.782234.5595847.354877,96776Asia
TUVTuvalu0.530272.4771440.0481944,372101Oceania
UGAUganda-2.104606.3461937.61394912171Africa
UKRUkraine-4.218984.04080151.543563,653120Europe
AREUnited Arab Emirates-5.9241233.092121354.2793531,98226Asia
GBRUnited Kingdom-9.9201665.344342,710.970540,40622Europe
USAUnited States-3.505846.3861720,932.750163,4165North America
URYUruguay-5.7001203.00012755.7118115,77849South America
UZBUzbekistan1.648154.9914857.706791,702151Asia
VUTVanuatu-9.2351633.1591170.8641822,876134Oceania
VENVenezuela-30.000191-10.00019247.255881,691152South America
VNMVietnam2.90696.50016340.821383,499123Asia
PSEWest Bank and Gaza-10.9601725.7002915.5191233,042133Asia
YEMYemen-5.0001080.50017420.140112620182Asia
ZMBZambia-3.497820.59817318.529117981170Africa
ZWEZimbabwe-8.0021533.06912221.0381111,385158Africa
SYRSyria---- ---- Asia
World -3.267 6.026 84,537.688 11,057