List of Countries by Projected GDP Growth

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.