Institutional Sign In

Go

Which Economy Grows the Most?

GDP Growth (%), 2022
Economy | November 21, 2023
$2.99
Excel Sheet

Based on a comparison of 172 countries in 2022, Guyana ranked the highest in GDP growth with 57.8% followed by Fiji and Seychelles. On the other end of the scale was Ukraine with -35.0%, Macao with -22.4% and Libya with -18.5%.

Average GDP growth reached 4.19% in 2022 in the World according to the National Statistical Office. This is 3.16 % less than in the previous year and 15.2 % more than the average we have seen in the last 10 years.

Historically, average GDP growth reached an all time high of 6.59% in 1964 and an all time low of -4.36% in 2020. The average annual growth amounted to -0.328 % since 1930.

Data for more countries are available at GDP Growth indicator page.

GDP Growth Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Bahamas % 3.05% 1.83% 1.90% -23.8% 13.7%
Bangladesh % 6.59% 7.32% 7.88% 3.45% 6.94%
Colombia % 1.36% 2.56% 3.19% -7.25% 11.0%
Fiji % 5.35% 3.81% -0.582% -17.0% -5.11%
Georgia % 4.84% 4.84% 4.98% -6.76% 10.4%
Guyana % 3.73% 4.44% 5.35% 43.5% 23.8%
Iceland % 4.19% 4.89% 1.86% -7.22% 4.51%
Iraq % -3.40% 4.70% 5.81% -15.7% 7.68%
Ireland % 9.31% 8.47% 5.30% 6.62% 15.1%
Kuwait % -4.71% 2.44% -0.552% -8.86% 1.31%
Maldives % 7.21% 8.12% 6.88% -33.5% 37.0%
Montenegro % 4.72% 5.08% 4.06% -15.3% 13.0%
Panama % 5.59% 3.69% 2.98% -17.9% 15.3%
Saudi Arabia % -0.742% 2.51% 0.334% -4.14% 3.24%
Seychelles % 4.51% 3.20% 3.09% -7.72% 7.91%

Related Indicators