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List of Countries by Projected GDP Growth

Source International Monetary Fund World Economic Outlook (October-2021)
Date24 Oct 2021
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With a projected gdp growth rate of 43.48% in 2020, Guyana is the fastest growing economy in the world. Guyana is followed by Guinea (7.1%), Ethiopia (6.1%), and Ireland (5.9%). Only these four countries have a gdp growth rate above 5%, and only sixteen have a growth rate above 2%. Thirty-one economies have experienced a positive growth rate in 2020. Out of them, sixteen are located in Africa, and nine are located in the Asia continent. In Europe, only two economies have expanded. All North American economies have failed to expand.

Out of 195 economies, 164 economies have seen a negative growth rate in 2020. These 164 economies account for almost 77.5% of the world economy, with an aggregate total of $66 trillion. Libya has the lowest growth, with a 60% contraction as five economies have seen a contraction below 25% or more, including Macao SAR, Maldives, Venezuela, and Lebanon.

China is the only trillion-dollar economy with a positive gdp growth rate, followed by Korea with the 2nd best figure of -0.85%. On the other hand, Spain has a double-digit contraction in its trillion-dollar economy.

Only Ireland has a positive growth rate among economies having gdp per capita above $50k, followed by Norway with the 2nd best figure of -0.77%. Ireland has the highest gdp per capita, followed by Taiwan and Brunei Darussalam, among growing economies.

For the year 2021, only 18 economies are projected to experience a negative growth rate. The top five growing economies in 2021 are Libya, Macao SAR, Guyana, Maldives, and Ireland.

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  • 2020
  • 2021
Country/Economy GDP growth (%) GDP 2020 (billions of $) GDP per capita 2020 ($) Continent
2020Rank2021RankNominalRankNominal Rank
Afghanistan -2.35168-- 20.136111611183Asia
Lebanon -25.000191-- 19.0081152,785136Asia
Albania-3.311855.3005614.8281275,15397Europe
Algeria-4.9001133.410114147.600573,337127Africa
Andorra-11.9691745.500532.85816536,63126Europe
Angola-5.385120-0.65517858.376791,881151Africa
Antigua and Barbuda-20.0311880.9651701.37017913,96757North America
Argentina-9.9051687.50021389.064318,57276South America
Armenia-7.3531446.4613012.6411344,267111Europe
Aruba-22.32019012.78162.49716722,48342North America
Australia-2.351693.5441101,359.3701352,90510Oceania
Austria-6.1791323.91898432.5242748,59314Europe
Azerbaijan-4.2901052.95912842.607904,232112Europe
Bahrain-5.0881152.44114234.7299623,59038Asia
Bangladesh3.509104.59980323.057421,962147Asia
Barbados-18.0001873.3001184.41815715,34654North America
Belarus-0.949472.07114860.201776,39890Europe
Belgium-6.2841335.63647514.9202544,68818Europe
Belize-14.0381778.500161.7061744,077115North America
Benin3.84975.5115115.6741211,291162Africa
Bhutan-0.81742-1.9161842.5031663,359126Asia
Bolivia-8.8291624.9506936.839943,168131South America
Bosnia and Herzegovina-4.3271072.80013319.7891126,03592Europe
Botswana-8.4931579.1621215.0641256,42089Africa
Brazil-4.059995.229571,444.720126,82388South America
Brunei Darussalam1.113241.97415312.00313726,06135Asia
Bulgaria-4.1541034.5408369.2097110,00667Europe
Burkina Faso1.930186.6672717.378119831176Africa
Burundi-1.040491.6341593.040162256195Africa
Cabo Verde-14.7831803.995961.7071733,065133Africa
Cambodia-3.141831.93215525.1921011,607155Asia
Cameroon-1.541543.62510839.938911,505157Africa
Canada-5.3131185.688461,644.040943,29520North America
Central African Republic0.97027-0.9981802.387168494190Africa
Chad-0.821430.93917310.836141660181Africa
Chile-5.84512510.9998252.8214612,99359South America
China2.342168.0151714,866.740210,51164Asia
Colombia-6.7961407.60819271.554435,39196South America
Comoros-0.504371.6001601.2161801,355160Africa
Costa Rica-4.0641003.9009961.8337512,05762North America
Croatia-8.0291516.3003356.1718113,89658Europe
Cyprus-5.1041164.7667423.78510626,78534Europe
Czech Republic-5.7941243.787101245.3494822,94340Europe
Côte d'Ivoire1.995175.9564061.231762,271141Africa
Democratic Republic of the Congo1.735214.8627148.70786544188Africa
Denmark-2.061633.800100356.0853661,1546Europe
Djibouti1.000265.000683.4401613,482125Africa
Dominica-10.9831713.3651150.5441877,41682North America
Dominican Republic-6.7201399.5211078.923687,55481North America
Ecuador-7.7501462.79613498.808645,64394South America
Egypt3.57093.333116363.245323,601122Africa
El Salvador-7.9441489.0251324.6391033,799119North America
Equatorial Guinea-4.8931124.1469110.0361457,13786Africa
Eritrea-0.627392.9111302.084169588184Africa
Estonia-2.951798.5001530.62610023,03639Europe
Eswatini-2.419701.5291633.9811593,533123Africa
Ethiopia6.05731.98915296.61165994170Africa
Fiji-15.725184-3.9971884.4941554,995100Oceania
Finland-2.875782.973127269.5574448,78613Europe
France-7.9881506.293342,624.420740,29923Europe
Gabon-1.838601.48116415.3391247,27784Africa
Georgia-6.1601317.6901815.8911204,275110Europe
Germany-4.5601093.0511243,843.340446,21617Europe
Ghana0.414314.7127668.498722,226142Africa
Greece-8.2481536.49429189.2595217,65747Europe
Grenada-13.0581762.6791361.0271829,13070North America
Guatemala-1.519535.5005277.603694,317107North America
Guinea7.08725.1735915.3881231,102168Africa
Guinea-Bissau-1.400523.3001171.434178790178Africa
Guyana43.480120.40935.4711526,95387South America
Haiti-3.34386-0.70017914.5081281,235164North America
Honduras-8.9651654.9007023.8281052,397139North America
Hong Kong SAR-6.0811276.43531346.5843746,65715Asia
Hungary-4.9571147.60020155.0135615,86651Europe
Iceland-6.5041363.69610521.71810959,6438Europe
India-7.2521439.497112,660.24061,930150Asia
Indonesia-2.070643.1991211,059.640163,922116Asia
Iraq-15.7011833.647107169.488544,223113Asia
Ireland5.867413.0365425.5492985,2063Europe
Islamic Republic of Iran3.388112.462140835.351189,92868Asia
Israel-2.153667.06022407.1013044,18119Asia
Italy-8.8711645.770421,884.940831,60430Europe
Jamaica-10.0491694.5768113.9671305,10399North America
Japan-4.5861102.3581435,045.100340,08924Asia
Jordan-1.551552.03915043.759894,286108Asia
Kazakhstan-2.600733.287119171.240539,07171Asia
Kenya-0.316335.59948102.427632,104145Africa
Kiribati-0.476361.7901580.1981931,673154Oceania
Korea-0.852454.278901,638.2601031,63829Asia
Kosovo-5.3001176.000387.7801494,348106Europe
Kuwait-8.8551630.948172105.9496022,68441Asia
Kyrgyz Republic-8.6171602.0981477.7471501,189165Asia
Lao P.D.R.-0.435342.06114918.8201172,587138Asia
Latvia-3.624924.5408233.4789917,54948Europe
Lesotho-5.3951222.8111321.999170970171Africa
Liberia-2.967813.5611093.037163647182Africa
Libya-59.719195123.173119.2101142,891135Africa
Lithuania-0.872464.6637955.8438219,98145Europe
Luxembourg-1.314515.5134973.20570116,9211Europe
Macao SAR-56.30819420.435224.33310435,62127Asia
Madagascar-6.1181292.91312913.179132462191Africa
Malawi0.913282.20014511.847139568187Africa
Malaysia-5.6471233.500111337.0084010,23165Asia
Maldives-31.98219318.86843.7381609,88969Asia
Mali-1.591564.0259317.491118890174Africa
Malta-8.2911545.7114514.89912628,95531Europe
Marshall Islands-2.44871-1.5001830.2441924,413105Oceania
Mauritania-1.763572.7291358.1101471,956148Africa
Mauritius-14.9001815.0006710.9211408,61974Africa
Mexico-8.3091556.247351,073.920158,40477North America
Micronesia-1.81859-3.2471870.4071903,892118Oceania
Moldova-6.9691424.5008511.9121384,523104Europe
Mongolia-5.3361195.2005813.1371333,916117Asia
Montenegro-15.2001827.000234.7861547,70378Europe
Morocco-6.2931345.73244114.602593,188130Africa
Mozambique-1.234502.45814114.029129449192Africa
Myanmar3.18912-17.93819281.257661,527156Asia
Namibia-7.9841491.32616510.7101424,276109Africa
Nauru0.706291.5501620.1141948,86773Oceania
Nepal-2.088651.80315633.983981,178166Asia
Netherlands-3.825943.767103913.1341752,45611Europe
New Zealand-2.053625.05863209.3845041,16521Oceania
Nicaragua-1.977615.0006412.6201351,943149North America
Niger3.62085.3605413.761131568186Africa
Nigeria-1.794582.640137429.423282,083146Africa
North Macedonia-4.5321084.0009512.2881365,93993Europe
Norway-0.766413.026125362.5223367,3264Europe
Oman-2.835772.48313963.3687414,25556Asia
Pakistan-0.467353.94397261.726451,255163Asia
Palau-8.681161-19.6621930.25719114,73255Oceania
Panama-17.94918611.951752.9388512,37361North America
Papua New Guinea-3.905971.21516823.2791072,651137Oceania
Paraguay-0.566384.5008635.670954,918102South America
Peru-11.00417210.0389205.458516,13491South America
Philippines-9.5731663.223120361.489343,323128Asia
Poland-2.720745.11561595.9162315,69952Europe
Portugal-8.4421564.44287228.3564922,14943Europe
Puerto Rico-3.90496-0.600177103.1386232,64528North America
Qatar-3.588911.947154145.4505854,1859Asia
Republic of Congo-8.169152-0.16417610.3291442,206143Africa
Romania-3.859957.00024248.7164712,86860Europe
Russia-2.951804.690781,478.5701110,11566Europe
Rwanda-3.357885.1046210.332143816177Africa
Samoa-2.74275-7.2261910.8121854,090114Oceania
San Marino-6.5441375.511501.55417746,28216Europe
Saudi Arabia-4.1071022.836131700.1182119,99644Asia
Senegal1.500234.7477524.6811021,474158Africa
Serbia-0.980486.5402852.960847,64680Europe
Seychelles-12.8661756.896251.13818111,70263Africa
Sierra Leone-2.175673.1941224.202158527189Africa
Singapore-5.3911216.02937339.9813959,7957Asia
Slovak Republic-4.7541114.43289104.4916119,14546Europe
Slovenia-4.2301046.3213253.5478325,54937Europe
Solomon Islands-4.3201061.2291661.5621762,281140Oceania
Somalia-0.700401.6001614.990153332193Africa
South Africa-6.4321355.00066335.344415,62595Africa
South Sudan-6.5891385.325554.440156322194Africa
Spain-10.8231705.737431,280.4601427,17933Europe
Sri Lanka-3.569903.64710680.700673,682121Asia
St. Kitts and Nevis-14.410178-1.0251820.98118317,17349North America
St. Lucia-20.3741893.4751121.6171758,93572North America
St. Vincent and the Grenadines-3.25384-6.0721900.8071867,30483North America
Sudan-3.630930.90017434.39697776179Africa
Suriname-15.9061850.6841752.8841644,787103South America
Sweden-2.795764.03692541.0642452,12912Europe
Switzerland-2.506723.705104751.8771987,3672Europe
São Tomé and Príncipe3.003142.1311460.4771892,190144Africa
Taiwan Province of China3.123135.86441668.1562228,35832Asia
Tajikistan4.50065.000657.997148844175Asia
Tanzania4.80654.0239464.403731,110167Africa
Thailand-6.0991280.960171501.712267,18885Asia
The Bahamas-14.5151792.0001519.90814625,73436North America
The Gambia-0.202324.860721.862171770180Africa
Timor-Leste-7.6001451.8001571.7771721,348161Asia
Togo1.758204.776737.586151916173Africa
Tonga0.65530-2.0231860.4991884,979101Oceania
Trinidad and Tobago-7.854147-1.01518121.58711015,42553North America
Tunisia-8.5881593.01612639.219923,295129Africa
Turkey1.794198.95314719.919208,61075Europe
Turkmenistan-3.355874.5328445.609887,67479Asia
Tuvalu1.006252.5321380.0551955,10698Oceania
Uganda-0.841444.7077738.14193925172Africa
Ukraine-4.042983.450113155.300553,741120Europe
United Arab Emirates-6.1351302.237144358.8693538,66125Asia
United Kingdom-9.8471676.763262,709.680540,39422Europe
United States-3.405895.9733920,893.750163,3585North America
Uruguay-5.8591263.10012356.5778016,02350South America
Uzbekistan1.729226.1433659.928781,767152Asia
Vanuatu-6.8131411.2191670.9321843,090132Oceania
Venezuela-30.000192-5.00018947.255871,691153South America
Vietnam2.948153.780102343.114383,523124Asia
West Bank and Gaza-11.4571734.4408815.5611223,051134Asia
Yemen-8.500158-2.00018518.841116580185Asia
Zambia-3.020821.00516919.3191131,023169Africa
Zimbabwe-4.0691015.1336021.9241081,443159Africa
Syria---- ---- Asia
World -3.116 5.880 84,971.650 11,108
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