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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 Guyana 33.8
2 Libya 10.16
3 Samoa 8.58
4 Democratic Republic of the Congo 8.56
5 Armenia 8.3
6 Tajikistan 8.3
7 Rwanda 8.24
8 India 8.15
9 Georgia 7.83
10 Fiji 7.52
11 Malta 7.5
12 Mongolia 7.42
13 Panama 7.4
14 Mauritius 6.96
15 Guinea 6.74
16 Djibouti 6.68
17 Mauritania 6.51
18 Ethiopia 6.5
19 Togo 6.41
20 Benin 6.35
21 Montenegro 6.34
22 Turkmenistan 6.3
23 Uzbekistan 6.29
24 Ivory Coast 6.2
25 Kyrgyzstan 6.15
26 Saint Vincent and the Grenadines 6.02
27 Bangladesh 5.78
28 Sierra Leone 5.71
29 Philippines 5.55
30 Cabo Verde 5.48
31 Mozambique 5.44
32 Zambia 5.37
33 Zimbabwe 5.34
34 Ukraine 5.32
35 China 5.25
36 Guinea-Bissau 5.2
37 Costa Rica 5.11
38 Turkey 5.11
39 Kazakhstan 5.1
40 Tanzania 5.07
41 Indonesia 5.05
42 Vietnam 5.05
43 Iceland 5.04
44 Iran 5.04
45 Monaco 5.04
46 Eswatini 5.01
47 Cambodia 4.96
48 Gambia 4.8
49 Maldives 4.73
50 Dominica 4.71
51 Paraguay 4.71
52 Liberia 4.68
53 Mali 4.66
54 Senegal 4.58
55 Nicaragua 4.57
56 Somalia 4.22
57 Namibia 4.16
58 Chad 4.12
59 Kiribati 4.12
60 Algeria 4.1
61 Barbados 4.09
62 Albania 3.94
63 Belarus 3.89
64 Antigua and Barbuda 3.86
65 Serbia 3.85
66 Tuvalu 3.85
67 Madagascar 3.8
68 Egypt 3.76
69 Laos 3.75
70 United Arab Emirates 3.62
71 Russia 3.6
72 Honduras 3.58
73 Grenada 3.57
74 Malaysia 3.56
75 Guatemala 3.53
76 El Salvador 3.51
77 Australia 3.44
78 Morocco 3.4
79 Croatia 3.3
80 Cameroon 3.25
81 Mexico 3.2
82 Seychelles 3.16
83 Bolivia 3.08
84 Solomon Islands 3.08
85 Papua New Guinea 3.04
86 Comoros 3
87 Bahrain 2.98
88 Burkina Faso 2.96
89 Ghana 2.94
90 Brazil 2.91
91 United States of America (USA) 2.89
92 Nigeria 2.86
93 Botswana 2.73
94 Afghanistan 2.71
95 Burundi 2.7
96 Jordan 2.68
97 Spain 2.68
98 Bahamas 2.64
99 Cyprus 2.61
100 Andorra 2.58
101 Suriname 2.54
102 Portugal 2.53
103 Denmark 2.5
104 Niger 2.5
105 Gabon 2.45
106 Israel 2.42
107 Romania 2.4
108 Dominican Republic 2.36
109 Ecuador 2.36
110 Greece 2.33
111 Saint Kitts and Nevis 2.28
112 Bosnia and Herzegovina 2.21
113 Saint Lucia 2.21
114 Vanuatu 2.21
115 Jamaica 2.2
116 Slovenia 2.11
117 North Macedonia 2.07
118 Nepal 1.95
119 Congo 1.91
120 Bulgaria 1.89
121 Malawi 1.89
122 Thailand 1.89
123 Palau 1.88
124 Lesotho 1.83
125 Latvia 1.71
126 Japan 1.68
127 Brunei Darussalam 1.41
128 Slovakia 1.38
129 South Korea 1.36
130 Trinidad and Tobago 1.35
131 Oman 1.31
132 Belgium 1.25
133 Canada 1.25
134 Qatar 1.19
135 Belize 1.15
136 Azerbaijan 1.12
137 Singapore 1.08
138 Angola 1
139 Myanmar 0.96
140 France 0.94
141 Central African Republic 0.87
142 Micronesia 0.78
143 Moldova 0.78
144 New Zealand 0.73
145 Switzerland 0.72
146 Italy 0.7
147 South Africa 0.7
148 Colombia 0.61
149 Nauru 0.59
150 Norway 0.48
151 Sao Tome and Principe 0.37
152 Uruguay 0.37
153 Lithuania 0.34
154 United Kingdom 0.34
155 Chile 0.22
156 Poland 0.14
157 Netherlands 0.07
158 Tunisia 0.04
159 Pakistan -0.04
160 Czechia -0.09
161 Germany -0.27
162 Sweden -0.31
163 Peru -0.55
164 Saudi Arabia -0.75
165 Hungary -0.91
166 Austria -0.95
167 Luxembourg -1.1
168 Finland -1.16
169 Argentina -1.61
170 Haiti -1.86
171 Cuba -1.93
172 Sri Lanka -2.3
173 Iraq -2.94
174 Estonia -3.02
175 Kuwait -3.64
176 Marshall Islands -3.93
177 Equatorial Guinea -5.09
178 Ireland -5.53
179 Timor-Leste -18.12
180 Sudan -20.11

Bar chart

World GDP growth rate by year

World GDP growth by year.

Table

Year Number
1961 3.96
1962 5.32
1963 5.02
1964 6.57
1965 5.6
1966 5.43
1967 3.73
1968 5.93
1969 5.98
1970 3.75
1971 4.27
1972 5.6
1973 6.4
1974 1.93
1975 0.56
1976 5.18
1977 4.01
1978 4.16
1979 4.18
1980 1.88
1981 1.94
1982 0.36
1983 2.63
1984 4.68
1985 3.71
1986 3.23
1987 3.75
1988 4.55
1989 3.72
1990 2.72
1991 1.21
1992 2.02
1993 1.84
1994 3.34
1995 3.1
1996 3.58
1997 3.95
1998 2.84
1999 3.59
2000 4.53
2001 2.03
2002 2.32
2003 3.09
2004 4.47
2005 4.02
2006 4.46
2007 4.37
2008 2.06
2009 -1.34
2010 4.52
2011 3.34
2012 2.69
2013 2.87
2014 3.13
2015 3.13
2016 2.81
2017 3.45
2018 3.28
2019 2.68
2020 -2.88
2021 6.35
2022 3.24
2023 2.83

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.