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CompareEconomy.com Comparison of world economies

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 Maldives 41.75
2 Libya 31.37
3 Monaco 21.55
4 Guyana 20.06
5 Panama 15.34
6 Belize 15.23
7 Moldova 13.94
8 Bahamas 13.72
9 Ireland 13.59
10 Peru 13.35
11 Croatia 13.07
12 Honduras 12.53
13 Montenegro 12.43
14 Dominican Republic 12.27
15 Saint Lucia 12.23
16 Chile 11.67
17 Botswana 11.37
18 Turkey 11.35
19 Rwanda 10.88
20 Colombia 10.68
21 Georgia 10.47
22 Argentina 10.4
23 Nicaragua 10.34
24 Malta 10.3
25 El Salvador 10.28
26 Tajikistan 9.2
27 Andorra 8.95
28 India 8.68
29 Israel 8.61
30 Albania 8.52
31 Zimbabwe 8.47
32 Greece 8.43
33 Slovenia 8.21
34 China 8.11
35 Estonia 8.01
36 Guatemala 7.98
37 Morocco 7.93
38 Eswatini 7.88
39 Seychelles 7.86
40 Bulgaria 7.63
41 Singapore 7.61
42 Costa Rica 7.58
43 Bosnia and Herzegovina 7.55
44 Serbia 7.55
45 United Kingdom 7.52
46 Uzbekistan 7.42
47 Benin 7.16
48 Hungary 7.12
49 Ivory Coast 7.04
50 Cabo Verde 6.95
51 Bangladesh 6.94
52 Burkina Faso 6.91
53 Poland 6.85
54 France 6.82
55 Italy 6.74
56 Dominica 6.68
57 Cyprus 6.64
58 Pakistan 6.49
59 Democratic Republic of the Congo 6.2
60 Belgium 6.13
61 Bolivia 6.11
62 Senegal 6.06
63 Lithuania 5.98
64 United States of America (USA) 5.95
65 Armenia 5.7
66 Philippines 5.7
67 Ethiopia 5.64
68 Azerbaijan 5.6
69 Spain 5.52
70 Portugal 5.48
71 Ghana 5.36
72 Timor-Leste 5.29
73 Antigua and Barbuda 5.27
74 Togo 5.26
75 Luxembourg 5.1
76 Romania 5.1
77 Sweden 5.08
78 Liberia 4.99
79 South Africa 4.91
80 Denmark 4.86
81 Netherlands 4.86
82 Djibouti 4.81
83 Russia 4.75
84 Iran 4.72
85 Mexico 4.72
86 Grenada 4.69
87 Brazil 4.62
88 Jamaica 4.6
89 Zambia 4.6
90 Austria 4.56
91 Canada 4.54
92 Iceland 4.4
93 Madagascar 4.4
94 Uruguay 4.37
95 Tunisia 4.32
96 Kazakhstan 4.3
97 Tanzania 4.28
98 Gambia 4.27
99 Nepal 4.25
100 Ecuador 4.24
101 Switzerland 4.22
102 South Korea 4.15
103 Paraguay 4.1
104 Sierra Leone 4.1
105 Bhutan 4.09
106 Latvia 4.07
107 Somalia 4.05
108 North Macedonia 3.96
109 United Arab Emirates 3.92
110 Guinea 3.9
111 Norway 3.88
112 Guinea-Bissau 3.8
113 New Zealand 3.71
114 Mauritius 3.7
115 Indonesia 3.69
116 Cameroon 3.65
117 Nigeria 3.65
118 Kyrgyzstan 3.61
119 Czechia 3.54
120 Algeria 3.5
121 Ukraine 3.4
122 Egypt 3.33
123 Sri Lanka 3.33
124 Saudi Arabia 3.24
125 Malaysia 3.09
126 Oman 3.09
127 Mali 3.05
128 Cambodia 3.03
129 Slovakia 3.01
130 Tuvalu 2.99
131 Finland 2.97
132 Iraq 2.78
133 Malawi 2.75
134 Namibia 2.66
135 Germany 2.63
136 Vietnam 2.56
137 Laos 2.53
138 Mauritania 2.45
139 Mozambique 2.36
140 Belarus 2.3
141 Australia 2.24
142 Bahrain 2.23
143 Jordan 2.23
144 Comoros 2.11
145 Sao Tome and Principe 1.88
146 Burundi 1.8
147 Japan 1.66
148 Mongolia 1.64
149 Qatar 1.59
150 Thailand 1.53
151 Kiribati 1.5
152 Nauru 1.5
153 Gabon 1.46
154 Niger 1.39
155 Lesotho 1.35
156 Saint Vincent and the Grenadines 1.35
157 Cuba 1.25
158 Marshall Islands 1.11
159 Angola 1.1
160 Central African Republic 0.9
161 Vanuatu 0.45
162 Papua New Guinea 0.3
163 Barbados -0.19
164 Solomon Islands -0.2
165 Saint Kitts and Nevis -0.88
166 Equatorial Guinea -0.95
167 Trinidad and Tobago -1.03
168 Chad -1.2
169 Brunei Darussalam -1.59
170 Haiti -1.8
171 Sudan -1.87
172 Congo -2.2
173 Tonga -2.67
174 Suriname -2.73
175 Micronesia -3.19
176 Fiji -5.11
177 Lebanon -7
178 Samoa -7.08
179 Palau -13.33
180 Myanmar -17.91
181 Afghanistan -20.74

Bar chart

World GDP growth rate by year

World GDP growth by year.

Table

Year Number
1961 3.79
1962 5.32
1963 5.19
1964 6.56
1965 5.55
1966 5.71
1967 4.15
1968 5.94
1969 5.81
1970 3.97
1971 4.28
1972 5.62
1973 6.41
1974 1.8
1975 0.63
1976 5.3
1977 4.1
1978 4.14
1979 4.18
1980 1.88
1981 1.93
1982 0.39
1983 2.65
1984 4.67
1985 3.7
1986 3.44
1987 3.73
1988 4.64
1989 3.75
1990 2.87
1991 1.46
1992 2.07
1993 1.81
1994 3.31
1995 3.09
1996 3.59
1997 3.88
1998 2.82
1999 3.55
2000 4.51
2001 2.01
2002 2.3
2003 3.11
2004 4.47
2005 4
2006 4.42
2007 4.38
2008 2.07
2009 -1.34
2010 4.54
2011 3.31
2012 2.71
2013 2.81
2014 3.09
2015 3.08
2016 2.8
2017 3.38
2018 3.29
2019 2.59
2020 -3.12
2021 5.87

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.