Gross domestic product growth rate

Table of Contents

GDP growth rate

Lack of map.
A map of the world, with colours to highlight the GDP growth rate of each country. Numbers on the legend are US$.

List of all countries

Flag Position Country Number
1 Timor-Leste 18.72
2 Tuvalu 9.76
3 Rwanda 9.43
4 Ethiopia 8.36
5 Bangladesh 8.15
6 Djibouti 7.77
7 Armenia 7.6
8 Cambodia 7.05
9 Vietnam 7.02
10 Tajikistan 7.01
11 Maldives 6.99
12 Nepal 6.99
13 Benin 6.87
14 Ghana 6.48
15 Ivory Coast 6.23
16 Gambia 6.06
17 Philippines 6.04
18 China 5.95
19 Mauritania 5.93
20 Niger 5.9
21 Papua New Guinea 5.9
22 Tanzania 5.79
23 Burkina Faso 5.7
24 Cabo Verde 5.67
25 Guinea 5.6
26 Egypt 5.56
27 Uzbekistan 5.56
28 Ireland 5.55
29 Sierra Leone 5.51
30 Bhutan 5.46
31 Guyana 5.35
32 Togo 5.34
33 Seychelles 5.31
34 Senegal 5.27
35 Mongolia 5.16
36 Dominican Republic 5.05
37 Indonesia 5.02
38 Estonia 5
39 Georgia 4.98
40 Malta 4.92
41 Madagascar 4.85
42 Mali 4.75
43 Antigua and Barbuda 4.66
44 Laos 4.65
45 Guinea-Bissau 4.6
46 Hungary 4.58
47 Poland 4.54
48 Kyrgyzstan 4.51
49 Kazakhstan 4.5
50 Iraq 4.4
51 Democratic Republic of the Congo 4.38
52 Malawi 4.37
53 Lithuania 4.34
54 Malaysia 4.3
55 Serbia 4.25
56 India 4.18
57 Romania 4.15
58 Montenegro 4.06
59 Gabon 3.94
60 Afghanistan 3.91
61 Brunei Darussalam 3.87
62 Guatemala 3.84
63 Cameroon 3.72
64 Bulgaria 3.69
65 Moldova 3.58
66 Samoa 3.58
67 Dominica 3.56
68 Israel 3.47
69 Colombia 3.26
70 Vanuatu 3.26
71 Chad 3.25
72 Ukraine 3.23
73 North Macedonia 3.2
74 Slovenia 3.18
75 Cyprus 3.08
76 Mauritius 3.01
77 Panama 3.01
78 Botswana 2.97
79 Central African Republic 2.97
80 Myanmar 2.89
81 Croatia 2.86
82 Denmark 2.85
83 Saint Kitts and Nevis 2.84
84 New Zealand 2.81
85 Bosnia and Herzegovina 2.68
86 Honduras 2.65
87 Libya 2.54
88 Morocco 2.48
89 El Salvador 2.38
90 Thailand 2.35
91 Czechia 2.34
92 Slovakia 2.32
93 Luxembourg 2.3
94 Mozambique 2.28
95 Sri Lanka 2.28
96 Kiribati 2.25
97 Albania 2.24
98 Eswatini 2.24
99 Portugal 2.24
100 Azerbaijan 2.22
101 Bolivia 2.22
102 Nigeria 2.21
103 Australia 2.16
104 United States of America (USA) 2.16
105 Peru 2.15
106 Yemen 2.1
107 Costa Rica 2.08
108 Latvia 2.05
109 South Korea 2.04
110 Comoros 1.99
111 Jordan 1.96
112 Spain 1.95
113 Iceland 1.92
114 Grenada 1.91
115 Greece 1.87
116 Andorra 1.85
117 Burundi 1.84
118 Bahrain 1.82
119 Belgium 1.74
120 Saint Lucia 1.73
121 Netherlands 1.68
122 United Arab Emirates 1.68
123 Canada 1.66
124 France 1.51
125 United Kingdom 1.46
126 Zambia 1.44
127 Austria 1.42
128 Russia 1.34
129 Sao Tome and Principe 1.3
130 Sweden 1.26
131 Bahamas 1.22
132 Belarus 1.22
133 Solomon Islands 1.19
134 Finland 1.15
135 Norway 1.15
136 Brazil 1.14
137 Chile 1.05
138 Tunisia 1.04
139 Pakistan 0.99
140 Switzerland 0.93
141 Turkey 0.92
142 Algeria 0.8
143 Qatar 0.77
144 Singapore 0.73
145 Tonga 0.73
146 Jamaica 0.7
147 Japan 0.65
148 Germany 0.56
149 Saint Vincent and the Grenadines 0.49
150 Kuwait 0.43
151 Italy 0.34
152 Saudi Arabia 0.33
153 Belize 0.27
154 Suriname 0.27
155 Uruguay 0.22
156 South Africa 0.15
157 Ecuador 0.05
158 Nauru 0
159 Trinidad and Tobago 0
160 Paraguay -0.03
161 Mexico -0.05
162 Barbados -0.1
163 Fiji -0.45
164 Angola -0.62
165 Lesotho -0.81
166 Namibia -1.13
167 Oman -1.65
168 Haiti -1.68
169 Argentina -2.09
170 Liberia -2.28
171 Sudan -2.5
172 Congo -3.54
173 Nicaragua -3.88
174 Palau -4.25
175 Equatorial Guinea -5.58
176 Lebanon -6.7
177 Iran -6.78
178 Zimbabwe -8.1

Bar chart

World GDP growth rate by year

World GDP growth by year.

Table

Year Number
1961 4.3
1962 5.55
1963 5.35
1964 6.71
1965 5.52
1966 5.77
1967 4.49
1968 6.31
1969 6.11
1970 3.86
1971 4.34
1972 5.72
1973 6.51
1974 2
1975 0.6
1976 5.27
1977 3.93
1978 3.89
1979 4.13
1980 1.9
1981 1.93
1982 0.42
1983 2.41
1984 4.5
1985 3.71
1986 3.39
1987 3.71
1988 4.62
1989 3.67
1990 2.91
1991 1.42
1992 1.76
1993 1.53
1994 3
1995 3.04
1996 3.38
1997 3.47
1998 2.56
1999 3.25
2000 4.39
2001 1.96
2002 2.18
2003 2.97
2004 4.41
2005 3.92
2006 4.38
2007 4.32
2008 1.85
2009 -1.67
2010 4.3
2011 3.14
2012 2.52
2013 2.67
2014 2.86
2015 2.87
2016 2.61
2017 3.3
2018 2.98
2019 2.34

Largest countries by GDP growth

Top 10 countries by GDP growth

GDP and its growth rate - what do we need to know?

Gross domestic product, or also known as GDP, is the simplest way one can determine the true wealth of a particular nation. However, what if we wish to verify their growth and progress in the last several years? In that case, we would have to look at rates with which they grow.

This is when we take a closer look at gross domestic product growth rate. It allows us to compare the speed with which particular nations develop. The data provided by World Bank Data guarantees the latest information regarding all the countries that enter their data into official systems open to others.

Which countries can boast with the highest growth in the recent years?

If we take a closer look at 2019, then we can see that there have been a lot of improvements in spite of pandemic shutdowns and restrictions. It is of utmost importance, especially for developing countries that need to use every second of the time to catch up with the rest of the world.

The biggest increase in 2019 was in the case of Timor-Leste. It is a relatively “new” country that acquired independence in 2002 from Indonesia. Their growth was incredibly large, because it reached 18.7%, which is a significantly higher growth rate of the GDP than in the case of other countries.

Number two goes to Tuvalu, which has 9.8% of the GDP increase. Rwanda closes the podium with 9.4% of GDP growth. It is also important to notice that there are plenty of other African nations that recorded an increase. Number 4 is Eritrea (8.7%) and Ethiopia is (8.4%).

Obviously, most of us are interested in more popular countries to see whether the great powers managed to stay ahead of the competitors in the rather poor year of 2019. For this reason, let’s take a closer look at the top 10 countries in terms of GDP to see their changes.

The biggest surprise is the huge growth of China, which is currently a country with the biggest GDP. It has 6.1% of growth rate. Another big surprise is Indonesia, which is only 7th. However. It recorded an increase of 5%.

Another country with a great growth rate is India (4.2%). Sadly, the rest of the top 10 is not in the greatest condition. Besides the United States (2.2% increase), we noticed a lot of margin growths as in the case of Germany and Japan (0.6% and 0.7%). Brasil had 1.1%, and Russian Federation had 1.3% of GDP growth rate. Two other European nations, namely France and the United Kingdom, had both 1.5% of growth rate.