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% |