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 Guyana 43.48
2 Guinea 6.99
3 Ethiopia 6.06
4 Ireland 5.87
5 Comoros 4.91
6 Tajikistan 4.5
7 Tuvalu 4.4
8 Benin 3.85
9 Egypt 3.57
10 Sao Tome and Principe 3.09
11 Vietnam 2.91
12 Kiribati 2.54
13 Bangladesh 2.38
14 China 2.3
15 Burkina Faso 2.02
16 Tanzania 2
17 Ivory Coast 1.82
18 Turkey 1.76
19 Togo 1.75
20 Iran 1.66
21 Uzbekistan 1.65
22 Niger 1.5
23 Brunei Darussalam 1.2
24 New Zealand 0.98
25 Senegal 0.87
26 Malawi 0.8
27 Democratic Republic of the Congo 0.77
28 Cameroon 0.73
29 Pakistan 0.53
30 Djibouti 0.5
31 Laos 0.44
32 Ghana 0.41
33 Burundi 0.3
34 Central African Republic 0
35 Gambia 0
36 Australia -0.28
37 Norway -0.77
38 Lithuania -0.87
39 Chad -0.89
40 Belarus -0.9
41 South Korea -0.96
42 Serbia -0.98
43 Paraguay -1
44 Mozambique -1.28
45 Luxembourg -1.31
46 Gabon -1.32
47 Mauritania -1.49
48 Somalia -1.5
49 Guatemala -1.52
50 Jordan -1.55
51 Sudan -1.56
52 Eswatini -1.64
53 Mali -1.65
54 Nigeria -1.79
55 Afghanistan -1.93
56 Nicaragua -1.98
57 Denmark -2.06
58 Indonesia -2.07
59 Nepal -2.09
60 Sierra Leone -2.16
61 Switzerland -2.39
62 Guinea-Bissau -2.4
63 Israel -2.44
64 Kazakhstan -2.6
65 Poland -2.7
66 Saint Vincent and the Grenadines -2.73
67 Samoa -2.74
68 Sweden -2.8
69 Finland -2.87
70 Liberia -2.87
71 Estonia -2.95
72 Russia -2.95
73 Zambia -3.02
74 Cambodia -3.14
75 Albania -3.31
76 Rwanda -3.36
77 Haiti -3.37
78 United States of America (USA) -3.49
79 Sri Lanka -3.57
80 Latvia -3.62
81 Qatar -3.67
82 Netherlands -3.8
83 Romania -3.86
84 Papua New Guinea -3.88
85 Ukraine -4.02
86 Angola -4.04
87 Brazil -4.06
88 Saudi Arabia -4.11
89 Bulgaria -4.15
90 Madagascar -4.2
91 Slovenia -4.23
92 Azerbaijan -4.31
93 Solomon Islands -4.32
94 Bosnia and Herzegovina -4.33
95 North Macedonia -4.53
96 Costa Rica -4.54
97 Germany -4.57
98 Slovakia -4.75
99 Equatorial Guinea -4.89
100 Hungary -4.96
101 Cyprus -5.1
102 Canada -5.31
103 Mongolia -5.34
104 Singapore -5.39
105 Algeria -5.48
106 Malaysia -5.59
107 Chile -5.77
108 Czechia -5.79
109 Bahrain -5.81
110 Japan -5.81
111 Uruguay -5.86
112 Thailand -6.09
113 Georgia -6.16
114 Austria -6.26
115 Belgium -6.28
116 Iceland -6.5
117 Dominican Republic -6.72
118 Bhutan -6.77
119 Colombia -6.85
120 South Africa -6.96
121 Moldova -6.97
122 Malta -7
123 Morocco -7.12
124 Portugal -7.57
125 Armenia -7.6
126 Ecuador -7.75
127 Bolivia -7.82
128 Trinidad and Tobago -7.83
129 France -7.86
130 Botswana -7.89
131 El Salvador -7.94
132 Congo -7.95
133 India -7.96
134 Namibia -7.98
135 Zimbabwe -8
136 Mexico -8.24
137 Greece -8.25
138 Croatia -8.37
139 Tunisia -8.6
140 Kyrgyzstan -8.62
141 Timor-Leste -8.7
142 Italy -8.87
143 Honduras -8.96
144 Vanuatu -9.24
145 Philippines -9.57
146 United Kingdom -9.79
147 Argentina -9.91
148 Myanmar -9.99
149 Jamaica -10.2
150 Iraq -10.37
151 Seychelles -10.72
152 Saint Kitts and Nevis -10.74
153 Spain -10.82
154 Lesotho -11.06
155 Peru -11.15
156 Grenada -11.23
157 Andorra -11.96
158 Belize -14.04
159 Suriname -14.5
160 Cabo Verde -14.78
161 Mauritius -14.87
162 Montenegro -15.16
163 Antigua and Barbuda -15.97
164 Bahamas -16.28
165 Dominica -16.71
166 Barbados -17.61
167 Panama -17.95
168 Fiji -19.05
169 Saint Lucia -20.21
170 Lebanon -20.3
171 Libya -31.3
172 Maldives -31.98

Bar chart

World GDP growth rate by year

World GDP growth by year.

Table

Year Number
1961 3.84
1962 5.28
1963 5.21
1964 6.57
1965 5.57
1966 5.67
1967 4.18
1968 5.99
1969 5.83
1970 3.66
1971 4.29
1972 5.63
1973 6.43
1974 1.83
1975 0.6
1976 5.29
1977 4.07
1978 4.06
1979 4.19
1980 1.81
1981 1.92
1982 0.4
1983 2.61
1984 4.68
1985 3.71
1986 3.46
1987 3.74
1988 4.66
1989 3.75
1990 2.92
1991 1.46
1992 2.06
1993 1.8
1994 3.28
1995 3.09
1996 3.61
1997 3.87
1998 2.82
1999 3.53
2000 4.49
2001 2.03
2002 2.34
2003 3.17
2004 4.47
2005 4.07
2006 4.5
2007 4.45
2008 2
2009 -1.3
2010 4.49
2011 3.33
2012 2.7
2013 2.87
2014 3.13
2015 3.16
2016 2.8
2017 3.39
2018 3.24
2019 2.56
2020 -3.4

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.