Which Economy Grows the Most?

GDP Growth (%), 2017
Economy | December 10, 2018
$2.99
Excel Sheet

Based on a comparison of 172 countries in 2023, Libya ranked the highest in GDP growth with 64.0% followed by Ethiopia and Macao. On the other end of the scale was Venezuela with -14.0%, Yemen with -5.94% and South Sudan with -5.15%.

Average GDP growth reached 3.59% in 2023 in the World according to the National Statistical Office. This is 0.446 % more than in the previous year and 0.291 % 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 -0.110% in 2009. The average annual growth amounted to -0.305 % since 1930.

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

GDP Growth Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Armenia % 3.30% 3.61% 3.25% 0.261% 7.48%
Bangladesh % 6.04% 6.31% 6.84% 7.20% 7.40%
Bhutan % 3.57% 3.96% 6.18% 7.32% 7.38%
Ethiopia % 9.90% 10.3% 10.4% 8.00% 10.9%
Ghana % 7.31% 3.99% 3.84% 3.72% 8.44%
Guinea % 3.93% 3.71% 3.81% 10.5% 8.25%
Ireland % 1.34% 8.75% 25.0% 4.91% 7.21%
Ivory Coast % 9.27% 8.79% 8.84% 8.34% 7.80%
Libya % -36.8% -53.0% -13.0% -7.39% 64.0%
Macao % 11.2% -1.20% -21.6% -0.863% 9.10%
Nepal % 4.13% 5.99% 3.32% 0.589% 7.91%
Romania % 3.53% 3.41% 3.87% 4.82% 6.95%
Senegal % 2.82% 6.61% 6.37% 6.23% 7.15%
Tajikistan % 7.40% 6.70% 6.00% 6.90% 7.10%
Turkey % 8.49% 5.17% 6.09% 3.18% 7.44%